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(of ) Tj ET Q q 0 0 0 rg BT 161.11 243.00 Td (registrant) Tj ET Q q 0 0 0 rg BT 197.60 243.00 Td (s ) Tj ET Q q 0 0 0 rg BT 203.09 243.00 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 246.81 243.00 Td (in ) Tj ET Q q 0 0 0 rg BT 255.79 243.00 Td (definitive ) Tj ET Q q 0 0 0 rg BT 292.27 243.00 Td (proxy ) Tj ET Q q 0 0 0 rg BT 315.25 243.00 Td (or ) Tj ET Q q 0 0 0 rg BT 324.73 243.00 Td (information ) Tj ET Q q 0 0 0 rg BT 369.20 243.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.18 243.00 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 456.64 243.00 Td (by ) Tj ET Q q 0 0 0 rg BT 467.63 243.00 Td (reference ) Tj ET Q q 0 0 0 rg BT 503.08 243.00 Td (in ) Tj ET Q q 0 0 0 rg BT 512.06 243.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 528.54 243.00 Td (III ) Tj ET Q q 0 0 0 rg BT 539.52 243.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.00 243.00 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 232.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 71.75 232.20 Td (10-K ) Tj ET Q q 0 0 0 rg BT 92.50 232.20 Td (or ) Tj ET Q q 0 0 0 rg BT 102.25 232.20 Td (any ) Tj ET Q q 0 0 0 rg BT 117.49 232.20 Td (amendment ) Tj ET Q q 0 0 0 rg BT 161.73 232.20 Td (to ) Tj ET Q q 0 0 0 rg BT 170.98 232.20 Td (this ) Tj ET Q q 0 0 0 rg BT 186.23 232.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 207.98 232.20 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 230.98 232.20 Td ([x]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 218.40 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.97 218.40 Td (by ) Tj ET Q q 0 0 0 rg BT 93.95 218.40 Td (check ) Tj ET Q q 0 0 0 rg BT 117.92 218.40 Td (mark ) Tj ET Q q 0 0 0 rg BT 139.39 218.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 171.36 218.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.34 218.40 Td (registrant ) Tj ET Q q 0 0 0 rg BT 222.31 218.40 Td (is ) Tj ET Q q 0 0 0 rg BT 231.30 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 238.28 218.40 Td (lar) Tj ET Q q 0 0 0 rg BT 247.61 218.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 259.09 218.40 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 302.53 218.40 Td (filer) Tj ET Q q 0 0 0 rg BT 317.16 218.40 Td (, ) Tj ET Q q 0 0 0 rg BT 322.40 218.40 Td (an ) Tj ET Q q 0 0 0 rg BT 333.87 218.40 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 377.32 218.40 Td (filer) Tj ET Q q 0 0 0 rg BT 391.95 218.40 Td (, ) Tj ET Q q 0 0 0 rg BT 397.18 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 404.16 218.40 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 464.10 218.40 Td (filer ) Tj ET Q q 0 0 0 rg BT 482.07 218.40 Td (or ) Tj ET Q q 0 0 0 rg BT 492.56 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 499.53 218.40 Td (smaller ) Tj ET Q q 0 0 0 rg BT 529.01 218.40 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 207.60 Td (company) Tj ET Q q 0 0 0 rg BT 82.41 207.60 Td (. ) Tj ET Q q 0 0 0 rg BT 87.20 207.60 Td (See ) Tj ET Q q 0 0 0 rg BT 102.74 207.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.28 207.60 Td (definitions ) Tj ET Q q 0 0 0 rg BT 157.32 207.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.36 207.60 Td (lar) Tj ET Q q 0 0 0 rg BT 180.68 207.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 191.72 207.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 234.73 207.60 Td (filer) Tj ET Q q 0 0 0 rg BT 249.36 207.60 Td (, ) Tj ET Q q 0 0 0 rg BT 258.15 207.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 305.15 207.60 Td (filer ) Tj ET Q q 0 0 0 rg BT 326.68 207.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.21 207.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 375.24 207.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 410.78 207.60 Td (company ) Tj ET Q q 0 0 0 rg BT 450.31 207.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.85 207.60 Td (Rule ) Tj ET Q q 0 0 0 rg BT 479.39 207.60 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 502.94 207.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.98 207.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.52 207.60 Td (Exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 196.80 Td (Act. ) Tj ET Q q 0 0 0 rg BT 67.49 196.80 Td (\(check ) Tj ET Q q 0 0 0 rg BT 93.73 196.80 Td (one\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 177.56 Td (Large Accelerated Filer[ ]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 176.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 176.76 Td (Accelerated Filer[x]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 163.56 Td (Non-Accelerated Filer[]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 162.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 162.76 Td (Smaller Reporting Company[]) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 145.00 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 440.12 145.00 Td (Act\).) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 134.20 Td (Y) Tj ET Q q 0 0 0 rg BT 55.60 134.20 Td (es []No [ x ]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 120.40 Td (The ) Tj ET Q q 0 0 0 rg BT 66.24 120.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 103.47 120.40 Td (market ) Tj ET Q q 0 0 0 rg BT 130.71 120.40 Td (value ) Tj ET Q q 0 0 0 rg BT 152.45 120.40 Td (of ) Tj ET Q q 0 0 0 rg BT 162.19 120.40 Td (the ) Tj ET Q q 0 0 0 rg BT 175.44 120.40 Td (registrant) Tj ET Q q 0 0 0 rg BT 211.93 120.40 Td (s ) Tj ET Q q 0 0 0 rg BT 217.68 120.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 261.93 120.40 Td (common ) Tj ET Q q 0 0 0 rg BT 295.67 120.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 316.92 120.40 Td (held ) Tj ET Q q 0 0 0 rg BT 334.66 120.40 Td (by ) Tj ET Q q 0 0 0 rg BT 345.91 120.40 Td (non-af) Tj ET Q q 0 0 0 rg BT 369.24 120.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 395.98 120.40 Td (on ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.23 120.40 Td (February ) Tj ET Q q 0 0 0 rg BT 441.97 120.40 Td (29, ) Tj ET Q q 0 0 0 rg BT 455.47 120.40 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.47 120.40 Td ( ) Tj ET Q q 0 0 0 rg BT 475.72 120.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.97 120.40 Td ($379,176,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.47 120.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 106.60 Td (The ) Tj ET Q q 0 0 0 rg BT 66.04 106.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 102.08 106.60 Td (had ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.12 106.60 Td (26,593,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.62 106.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.67 106.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 184.20 106.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.75 106.60 Td (Class) Tj ET Q q 0 0 0 rg BT 215.01 106.60 Td (A) Tj ET Q q 0 0 0 rg BT 221.01 106.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.06 106.60 Td (common ) Tj ET Q q 0 0 0 rg BT 256.60 106.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 279.90 106.60 Td (par ) Tj ET Q q 0 0 0 rg BT 293.44 106.60 Td (value ) Tj ET Q q 0 0 0 rg BT 314.97 106.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.52 106.60 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 346.82 106.60 Td (per ) Tj ET Q q 0 0 0 rg BT 360.35 106.60 Td (share, ) Tj ET Q q 0 0 0 rg BT 383.64 106.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.68 106.60 Td (200,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.93 106.60 Td ( ) Tj ET Q q 0 0 0 rg BT 429.98 106.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 454.52 106.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.07 106.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 485.62 106.60 Td (B ) Tj ET Q q 0 0 0 rg BT 493.67 106.60 Td (common ) Tj ET Q q 0 0 0 rg BT 527.21 106.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 550.51 106.60 Td (par ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 95.80 Td (value ) Tj ET Q q 0 0 0 rg BT 71.74 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.49 95.80 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 103.99 95.80 Td (per ) Tj ET Q q 0 0 0 rg BT 117.73 95.80 Td (share, ) Tj ET Q q 0 0 0 rg BT 141.22 95.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 185.47 95.80 Td (as ) Tj ET Q q 0 0 0 rg BT 195.21 95.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.96 95.80 Td (October21, ) Tj ET Q q 0 0 0 rg BT 249.70 95.80 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.70 95.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.50 82.00 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 317.77 82.00 Td (TED BY) Tj ET Q q 0 0 0 rg BT 349.68 82.00 Td ( REFERENCE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 68.20 Td (Portions ) Tj ET Q q 0 0 0 rg BT 82.14 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 91.78 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 104.91 68.20 Td (registrant) Tj ET Q q 0 0 0 rg BT 141.40 68.20 Td (s ) Tj ET Q q 0 0 0 rg BT 147.04 68.20 Td (definitive ) Tj ET Q q 0 0 0 rg BT 183.67 68.20 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 207.31 68.20 Td (Statement ) Tj ET Q q 0 0 0 rg BT 245.44 68.20 Td (for ) Tj ET Q q 0 0 0 rg BT 258.07 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.20 68.20 Td (January ) Tj ET Q q 0 0 0 rg BT 301.33 68.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 321.00 68.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 349.63 68.20 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 381.76 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 391.40 68.20 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 440.52 68.20 Td (are ) Tj ET Q q 0 0 0 rg BT 453.64 68.20 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 501.26 68.20 Td (by ) Tj ET Q q 0 0 0 rg BT 512.40 68.20 Td (reference ) Tj ET Q q 0 0 0 rg BT 548.00 68.20 Td (into ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 57.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 66.75 57.40 Td (III ) Tj ET Q q 0 0 0 rg BT 77.99 57.40 Td (of ) Tj ET Q q 0 0 0 rg BT 87.74 57.40 Td (this ) Tj ET Q q 0 0 0 rg BT 102.99 57.40 Td (report.) Tj ET Q endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.90 730.25 Td (FORM 10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.65 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 713.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.82 713.25 Td ( CONTENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 702.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.95 682.63 Td (PAGE) 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 53 667.1833984375 m 214.982421875 667.1833984375 l s q 0 0 1 rg BT 53.00 668.52 Td (FOR) Tj ET Q q 0 0 1 rg BT 71.90 668.52 Td (W) Tj ET Q q 0 0 1 rg BT 80.23 668.52 Td (ARD LOOKING ST) Tj ET Q q 0 0 1 rg BT 162.76 668.52 Td (A) Tj ET Q q 0 0 1 rg BT 168.87 668.52 Td (TEMENTS) 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 53 637.1833984375 m 82.6923828125 637.1833984375 l s q 0 0 1 rg BT 53.00 638.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 638.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 638.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 638.52 Td ( I) 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 71.00 623.52 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 117 621.2833984375001 m 152.5615234375 621.2833984375001 l s q 0 0 1 rg BT 117.00 622.62 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 71.00 608.52 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 117 606.2833984375001 m 167.2783203125 606.2833984375001 l s q 0 0 1 rg BT 117.00 607.62 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 71.00 593.52 Td (Item1B) 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 117 591.2833984375001 m 230.69140625 591.2833984375001 l s q 0 0 1 rg BT 117.00 592.62 Td (Unresolved Staf) Tj ET Q q 0 0 1 rg BT 181.53 592.62 Td (f Comments) 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 71.00 578.52 Td (Item2) 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 117 576.2833984375001 m 157.546875 576.2833984375001 l s q 0 0 1 rg BT 117.00 577.62 Td (Properties) 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 71.00 563.52 Td (Item3) 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 117 561.2833984375001 m 191.140625 561.2833984375001 l s q 0 0 1 rg BT 117.00 562.62 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 71.00 548.52 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 117 546.2833984375001 m 215.3154296875 546.2833984375001 l s q 0 0 1 rg BT 117.00 547.62 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 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 53 517.1833984375 m 86.0224609375 517.1833984375 l s q 0 0 1 rg BT 53.00 518.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 518.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 518.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 518.52 Td ( II) 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 71.00 503.52 Td (Item 5) 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 117 501.28339843750007 m 499.3388671875 501.28339843750007 l s q 0 0 1 rg BT 117.00 502.62 Td (Market For Registrant) Tj ET Q q 0 0 1 rg BT 208.65 502.62 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 280.78 502.62 Td (, Related Stockholder Matters and Issuer Purchases of ) 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 126 491.28339843750007 m 194.5986328125 491.28339843750007 l s q 0 0 1 rg BT 126.00 492.62 Td (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 71.00 478.52 Td (Item 6) 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 117 476.28339843750007 m 211.9609375 476.28339843750007 l s q 0 0 1 rg BT 117.00 477.62 Td (Selected 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 71.00 463.52 Td (Item 7) 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 117 461.28339843750007 m 475.291015625 461.28339843750007 l s q 0 0 1 rg BT 117.00 462.62 Td (Management) Tj ET Q q 0 0 1 rg BT 171.98 462.62 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 241.15 462.62 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 71.00 448.52 Td (Item 7A) 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 117 446.28339843750007 m 358.62109375 446.28339843750007 l s q 0 0 1 rg BT 117.00 447.62 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 281.40 447.62 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 71.00 433.52 Td (Item 8) 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 117 431.28339843750007 m 301.951171875 431.28339843750007 l s q 0 0 1 rg BT 117.00 432.62 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 71.00 418.52 Td (Item 9) 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 117 416.28339843750007 m 475.8134765625 416.28339843750007 l s q 0 0 1 rg BT 117.00 417.62 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 262.81 417.62 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 327.24 417.62 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 71.00 403.52 Td (Item 9A) 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 117 401.28339843750007 m 215.3154296875 401.28339843750007 l s q 0 0 1 rg BT 117.00 402.62 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 71.00 388.52 Td (Item 9B) 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 117 386.28339843750007 m 190.0322265625 386.28339843750007 l s q 0 0 1 rg BT 117.00 387.62 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 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 53 357.18339843750005 m 89.3525390625 357.18339843750005 l s q 0 0 1 rg BT 53.00 358.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 358.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 358.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 358.52 Td ( III) 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 71.00 343.52 Td (Item 10) 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 117 341.28339843750007 m 344.4951171875 341.28339843750007 l s q 0 0 1 rg BT 117.00 342.62 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 212.06 342.62 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 71.00 328.52 Td (Item 11) 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 117 326.28339843750007 m 217.25390625 326.28339843750007 l s q 0 0 1 rg BT 117.00 327.62 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 71.00 313.52 Td (Item 12) 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 117 311.28339843750007 m 522.15625 311.28339843750007 l s q 0 0 1 rg BT 117.00 312.62 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder 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 71.00 298.52 Td (Item 13) 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 117 296.28339843750007 m 419.6953125 296.28339843750007 l s q 0 0 1 rg BT 117.00 297.62 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 255.68 297.62 Td (T) Tj ET Q q 0 0 1 rg BT 261.43 297.62 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 71.00 283.52 Td (Item 14) 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 117 281.28339843750007 m 275.291015625 281.28339843750007 l s q 0 0 1 rg BT 117.00 282.62 Td (Principal ) Tj ET Q q 0 0 1 rg BT 155.05 282.62 Td (Accountant 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 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 53 252.18339843750005 m 89.82373046875 252.18339843750005 l s q 0 0 1 rg BT 53.00 253.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 253.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 253.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 253.52 Td ( IV) 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 71.00 238.52 Td (Item 15) 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 117 236.28339843750007 m 292.5224609375 236.28339843750007 l s q 0 0 1 rg BT 117.00 237.62 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 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 53 207.18339843750005 m 114.1181640625 207.18339843750005 l s q 0 0 1 rg BT 53.00 208.52 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 82.45 208.52 Td (TURES) 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 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 554 666.2833984375001 m 559 666.2833984375001 l s q 0 0 1 rg BT 554.00 667.62 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 554 621.2833984375001 m 559 621.2833984375001 l s q 0 0 1 rg BT 554.00 622.62 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 549 606.2833984375001 m 559 606.2833984375001 l s q 0 0 1 rg BT 549.00 607.62 Td (12) 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 549 591.2833984375001 m 559 591.2833984375001 l s q 0 0 1 rg BT 549.00 592.62 Td (21) 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 549 576.2833984375001 m 559 576.2833984375001 l s q 0 0 1 rg BT 549.00 577.62 Td (22) 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 549 561.2833984375001 m 559 561.2833984375001 l s q 0 0 1 rg BT 549.00 562.62 Td (22) 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 549 546.2833984375001 m 559 546.2833984375001 l s q 0 0 1 rg BT 549.00 547.62 Td (23) 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 549 491.28339843750007 m 559 491.28339843750007 l s q 0 0 1 rg BT 549.00 492.62 Td (24) 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 549 476.28339843750007 m 559 476.28339843750007 l s q 0 0 1 rg BT 549.00 477.62 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 549 461.28339843750007 m 559 461.28339843750007 l s q 0 0 1 rg BT 549.00 462.62 Td (27) 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 549 446.28339843750007 m 559 446.28339843750007 l s q 0 0 1 rg BT 549.00 447.62 Td (50) 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 549 431.28339843750007 m 559 431.28339843750007 l s q 0 0 1 rg BT 549.00 432.62 Td (51) 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 549 416.28339843750007 m 559 416.28339843750007 l s q 0 0 1 rg BT 549.00 417.62 Td (98) 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 549 401.28339843750007 m 559 401.28339843750007 l s q 0 0 1 rg BT 549.00 402.62 Td (98) 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 549 386.28339843750007 m 559 386.28339843750007 l s q 0 0 1 rg BT 549.00 387.62 Td (98) 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 549 341.28339843750007 m 559 341.28339843750007 l s q 0 0 1 rg BT 549.00 342.62 Td (99) 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 544 326.28339843750007 m 559 326.28339843750007 l s q 0 0 1 rg BT 544.00 327.62 Td (100) 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 544 311.28339843750007 m 559 311.28339843750007 l s q 0 0 1 rg BT 544.00 312.62 Td (100) 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 544 296.28339843750007 m 559 296.28339843750007 l s q 0 0 1 rg BT 544.00 297.62 Td (100) 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 544 281.28339843750007 m 559 281.28339843750007 l s q 0 0 1 rg BT 544.00 282.62 Td (100) 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 544 236.28339843750007 m 559 236.28339843750007 l s q 0 0 1 rg BT 544.00 237.62 Td (101) 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 544 206.28339843750007 m 559 206.28339843750007 l s q 0 0 1 rg BT 544.00 207.62 Td (105) 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 <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.50 730.25 Td (FOR) Tj ET Q q 0 0 0 rg BT 240.26 730.25 Td (W) Tj ET Q q 0 0 0 rg BT 249.15 730.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 337.03 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 343.51 730.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 101.61 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.13 709.25 Td (information ) Tj ET Q q 0 0 0 rg BT 177.63 709.25 Td (included ) Tj ET Q q 0 0 0 rg BT 218.71 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.45 709.25 Td (this ) Tj ET Q q 0 0 0 rg BT 250.44 709.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 286.52 709.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 320.90 709.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.86 709.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 364.14 709.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 389.64 709.25 Td (by ) Tj ET Q q 0 0 0 rg BT 404.60 709.25 Td (Schnitzer) Tj ET Q q 0 0 0 rg BT 444.97 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.36 709.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 474.31 709.25 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 524.55 709.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 545.34 709.25 Td (\(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 108.86 697.25 Td (that ) Tj ET Q q 0 0 0 rg BT 129.94 697.25 Td (ar) Tj ET Q q 0 0 0 rg BT 139.20 697.25 Td (e ) Tj ET Q q 0 0 0 rg BT 147.49 697.25 Td (not ) Tj ET Q q 0 0 0 rg BT 165.24 697.25 Td (pur) Tj ET Q q 0 0 0 rg BT 180.62 697.25 Td (ely ) Tj ET Q q 0 0 0 rg BT 196.70 697.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 240.55 697.25 Td (ar) Tj ET Q q 0 0 0 rg BT 249.81 697.25 Td (e ) Tj ET Q q 0 0 0 rg BT 258.10 697.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 331.96 697.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 381.36 697.25 Td (within ) Tj ET Q q 0 0 0 rg BT 412.45 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.63 697.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 470.16 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.35 697.25 Td (Section21E ) Tj ET Q q 0 0 0 rg BT 536.48 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 697.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.60 685.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 136.79 685.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 153.73 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.00 685.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 185.95 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.02 685.25 Td (ar) Tj ET Q q 0 0 0 rg BT 213.28 685.25 Td (e ) Tj ET Q q 0 0 0 rg BT 219.67 685.25 Td (made ) Tj ET Q q 0 0 0 rg BT 244.94 685.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 285.80 685.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.07 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.35 685.25 Td (safe ) Tj ET Q q 0 0 0 rg BT 334.96 685.25 Td (harbor ) Tj ET Q q 0 0 0 rg BT 371.91 685.25 Td (pr) Tj ET Q q 0 0 0 rg BT 381.73 685.25 Td (ovisions ) Tj ET Q q 0 0 0 rg BT 417.57 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.85 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.13 685.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 476.17 685.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 519.77 685.25 Td (Litigation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 84.96 673.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 102.77 673.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.92 673.25 Td (1995. ) Tj ET Q q 0 0 0 rg BT 139.24 673.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 171.50 673.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.21 673.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 209.93 673.25 Td (her) Tj ET Q q 0 0 0 rg BT 224.18 673.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 239.78 673.25 Td (or) Tj ET Q q 0 0 0 rg BT 249.04 673.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.86 673.25 Td (as ) Tj ET Q q 0 0 0 rg BT 263.58 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.73 673.25 Td (context ) Tj ET Q q 0 0 0 rg BT 313.65 673.25 Td (may ) Tj ET Q q 0 0 0 rg BT 334.80 673.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 378.72 673.25 Td (r) Tj ET Q q 0 0 0 rg BT 382.98 673.25 Td (equir) Tj ET Q q 0 0 0 rg BT 405.57 673.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 415.33 673.25 Td (all ) Tj ET Q q 0 0 0 rg BT 428.71 673.25 Td (r) Tj ET Q q 0 0 0 rg BT 432.97 673.25 Td (efer) Tj ET Q q 0 0 0 rg BT 449.43 673.25 Td (ences ) Tj ET Q q 0 0 0 rg BT 475.02 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.18 673.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 513.16 673.25 Td (our) Tj ET Q q 0 0 0 rg BT 532.24 673.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.56 673.25 Td (us ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.62 661.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 96.14 661.25 Td (r) Tj ET Q q 0 0 0 rg BT 100.40 661.25 Td (efer) Tj ET Q q 0 0 0 rg BT 116.86 661.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.36 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.19 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.02 661.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.20 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.82 661.25 Td (its ) Tj ET Q q 0 0 0 rg BT 221.32 661.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 277.16 661.25 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 126.61 640.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 175.99 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.16 640.25 Td (this ) Tj ET Q q 0 0 0 rg BT 206.71 640.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 242.22 640.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 276.05 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.44 640.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 318.15 640.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 343.09 640.25 Td (include ) Tj ET Q q 0 0 0 rg BT 378.04 640.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 427.42 640.25 Td (r) Tj ET Q q 0 0 0 rg BT 431.67 640.25 Td (egarding ) Tj ET Q q 0 0 0 rg BT 473.28 640.25 Td (futur) Tj ET Q q 0 0 0 rg BT 495.33 640.25 Td (e ) Tj ET Q q 0 0 0 rg BT 503.60 640.25 Td (events ) Tj ET Q q 0 0 0 rg BT 534.09 640.25 Td (or) Tj ET Q q 0 0 0 rg BT 543.35 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.18 640.25 Td (our) Tj ET Q q 0 0 0 rg BT 562.00 640.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 109.24 628.25 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 157.95 628.25 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 189.14 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.23 628.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 253.74 628.25 Td (r) Tj ET Q q 0 0 0 rg BT 258.00 628.25 Td (egarding ) Tj ET Q q 0 0 0 rg BT 299.75 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.06 628.25 Td (futur) Tj ET Q q 0 0 0 rg BT 339.10 628.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 350.01 628.25 Td (which ) Tj ET Q q 0 0 0 rg BT 379.54 628.25 Td (may ) Tj ET Q q 0 0 0 rg BT 401.85 628.25 Td (include ) Tj ET Q q 0 0 0 rg BT 436.94 628.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 486.45 628.25 Td (r) Tj ET Q q 0 0 0 rg BT 490.71 628.25 Td (egarding ) Tj ET Q q 0 0 0 rg BT 532.46 628.25 Td (tr) Tj ET Q q 0 0 0 rg BT 540.05 628.25 Td (ends, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (cyclicality ) Tj ET Q q 0 0 0 rg BT 95.89 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.15 616.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 152.18 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.65 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.12 616.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 218.24 616.25 Td (we ) Tj ET Q q 0 0 0 rg BT 233.04 616.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 250.06 616.25 Td (into; ) Tj ET Q q 0 0 0 rg BT 273.19 616.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 313.54 616.25 Td (r) Tj ET Q q 0 0 0 rg BT 317.79 616.25 Td (esults, ) Tj ET Q q 0 0 0 rg BT 347.32 616.25 Td (including ) Tj ET Q q 0 0 0 rg BT 390.47 616.25 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 426.67 616.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 449.80 616.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 487.93 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.19 616.25 Td (pr) Tj ET Q q 0 0 0 rg BT 517.01 616.25 Td (ofitability; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 89.40 604.25 Td (dir) Tj ET Q q 0 0 0 rg BT 102.00 604.25 Td (ection; ) Tj ET Q q 0 0 0 rg BT 133.63 604.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 170.28 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.36 604.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 248.01 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.89 604.25 Td (pr) Tj ET Q q 0 0 0 rg BT 276.71 604.25 Td (oduction ) Tj ET Q q 0 0 0 rg BT 316.69 604.25 Td (pr) Tj ET Q q 0 0 0 rg BT 326.51 604.25 Td (ocesses; ) Tj ET Q q 0 0 0 rg BT 362.59 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.68 604.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 398.09 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.18 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.05 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.14 604.25 Td (status ) Tj ET Q q 0 0 0 rg BT 471.90 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.99 604.25 Td (any ) Tj ET Q q 0 0 0 rg BT 501.30 604.25 Td (agr) Tj ET Q q 0 0 0 rg BT 515.56 604.25 Td (eements ) Tj ET Q q 0 0 0 rg BT 552.74 604.25 Td (or) Tj ET Q q 0 0 0 rg BT 562.00 604.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 83.57 592.25 Td (r) Tj ET Q q 0 0 0 rg BT 87.83 592.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 116.95 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.85 592.25 Td (our) Tj ET Q q 0 0 0 rg BT 143.67 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.24 592.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 199.13 592.25 Td (with ) Tj ET Q q 0 0 0 rg BT 221.60 592.25 Td (envir) Tj ET Q q 0 0 0 rg BT 243.63 592.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 287.20 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.90 592.25 Td (other) Tj ET Q q 0 0 0 rg BT 329.48 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 333.06 592.25 Td (laws; ) Tj ET Q q 0 0 0 rg BT 358.85 592.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 399.63 592.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.53 592.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 443.70 592.25 Td (deductions ) Tj ET Q q 0 0 0 rg BT 493.39 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.08 592.25 Td (cr) Tj ET Q q 0 0 0 rg BT 521.78 592.25 Td (edits; ) Tj ET Q q 0 0 0 rg BT 548.68 592.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (r) Tj ET Q q 0 0 0 rg BT 54.26 580.25 Td (ealization ) Tj ET Q q 0 0 0 rg BT 96.99 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.95 580.25 Td (deferr) Tj ET Q q 0 0 0 rg BT 133.41 580.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 145.04 580.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.00 580.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 189.40 580.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 225.49 580.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 256.00 580.25 Td (expenditur) Tj ET Q q 0 0 0 rg BT 302.49 580.25 Td (es; ) Tj ET Q q 0 0 0 rg BT 315.78 580.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 353.53 580.25 Td (positions; ) Tj ET Q q 0 0 0 rg BT 396.28 580.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 425.14 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.10 580.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 473.37 580.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 493.89 580.25 Td (fr) Tj ET Q q 0 0 0 rg BT 501.48 580.25 Td (om ) Tj ET Q q 0 0 0 rg BT 516.43 580.25 Td (continuing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (operations; ) Tj ET Q q 0 0 0 rg BT 101.46 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.92 568.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 158.83 568.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 191.40 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.86 568.25 Td (adopting ) Tj ET Q q 0 0 0 rg BT 243.78 568.25 Td (new ) Tj ET Q q 0 0 0 rg BT 264.13 568.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 313.93 568.25 Td (pr) Tj ET Q q 0 0 0 rg BT 323.75 568.25 Td (onouncements; ) Tj ET Q q 0 0 0 rg BT 391.32 568.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 441.13 568.25 Td (under) Tj ET Q q 0 0 0 rg BT 466.51 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.64 568.25 Td (our) Tj ET Q q 0 0 0 rg BT 484.46 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 487.59 568.25 Td (r) Tj ET Q q 0 0 0 rg BT 491.85 568.25 Td (etir) Tj ET Q q 0 0 0 rg BT 506.66 568.25 Td (ement ) Tj ET Q q 0 0 0 rg BT 535.88 568.25 Td (plans; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 87.44 556.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 120.17 556.25 Td (or) Tj ET Q q 0 0 0 rg BT 129.42 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.03 556.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 175.99 556.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 198.14 556.25 Td (fr) Tj ET Q q 0 0 0 rg BT 205.73 556.25 Td (om ) Tj ET Q q 0 0 0 rg BT 220.67 556.25 Td (business ) Tj ET Q q 0 0 0 rg BT 257.85 556.25 Td (r) Tj ET Q q 0 0 0 rg BT 262.11 556.25 Td (ealignment, ) Tj ET Q q 0 0 0 rg BT 313.43 556.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 331.70 556.25 Td (containment ) Tj ET Q q 0 0 0 rg BT 386.64 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.37 556.25 Td (pr) Tj ET Q q 0 0 0 rg BT 414.18 556.25 Td (oductivity ) Tj ET Q q 0 0 0 rg BT 458.57 556.25 Td (impr) Tj ET Q q 0 0 0 rg BT 479.50 556.25 Td (ovement ) Tj ET Q q 0 0 0 rg BT 517.20 556.25 Td (pr) Tj ET Q q 0 0 0 rg BT 527.02 556.25 Td (ograms; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.62 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.45 544.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 127.51 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.34 544.25 Td (accruals. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 125.64 523.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 174.04 523.25 Td (by ) Tj ET Q q 0 0 0 rg BT 187.46 523.25 Td (their) Tj ET Q q 0 0 0 rg BT 207.82 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 210.68 523.25 Td (natur) Tj ET Q q 0 0 0 rg BT 234.39 523.25 Td (e ) Tj ET Q q 0 0 0 rg BT 241.69 523.25 Td (addr) Tj ET Q q 0 0 0 rg BT 262.07 523.25 Td (ess ) Tj ET Q q 0 0 0 rg BT 277.15 523.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 312.77 523.25 Td (that ) Tj ET Q q 0 0 0 rg BT 332.85 523.25 Td (ar) Tj ET Q q 0 0 0 rg BT 342.11 523.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 351.91 523.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.10 523.25 Td (differ) Tj ET Q q 0 0 0 rg BT 386.79 523.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 402.98 523.25 Td (degr) Tj ET Q q 0 0 0 rg BT 422.24 523.25 Td (ees, ) Tj ET Q q 0 0 0 rg BT 440.37 523.25 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 486.83 523.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.82 523.25 Td (often ) Tj ET Q q 0 0 0 rg BT 530.33 523.25 Td (contain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (words ) Tj ET Q q 0 0 0 rg BT 77.81 511.25 Td (such ) Tj ET Q q 0 0 0 rg BT 98.96 511.25 Td (as ) Tj ET Q q 0 0 0 rg BT 109.55 511.25 Td (believes, ) Tj ET Q q 0 0 0 rg BT 157.07 511.25 Td (expects, ) Tj ET Q q 0 0 0 rg BT 202.36 511.25 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 262.67 511.25 Td (intends, ) Tj ET Q q 0 0 0 rg BT 307.98 511.25 Td (assumes, ) Tj ET Q q 0 0 0 rg BT 357.18 511.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 410.81 511.25 Td (evaluates, ) Tj ET Q q 0 0 0 rg BT 464.44 511.25 Td (may) Tj ET Q q 0 0 0 rg BT 487.22 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 496.42 511.25 Td (will, ) Tj ET Q q 0 0 0 rg BT 526.17 511.25 Td (could, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (opinions, ) Tj ET Q q 0 0 0 rg BT 103.30 499.25 Td (for) Tj ET Q q 0 0 0 rg BT 120.89 499.25 Td (ecasts, ) Tj ET Q q 0 0 0 rg BT 158.05 499.25 Td (pr) Tj ET Q q 0 0 0 rg BT 172.87 499.25 Td (ojects, ) Tj ET Q q 0 0 0 rg BT 209.47 499.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 249.43 499.25 Td (futur) Tj ET Q q 0 0 0 rg BT 276.47 499.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 293.08 499.25 Td (forward, ) Tj ET Q q 0 0 0 rg BT 345.24 499.25 Td (potential, ) Tj ET Q q 0 0 0 rg BT 400.19 499.25 Td (pr) Tj ET Q q 0 0 0 rg BT 415.01 499.25 Td (obable, ) Tj ET Q q 0 0 0 rg BT 455.51 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.31 499.25 Td (similar) Tj ET Q q 0 0 0 rg BT 506.12 499.25 Td ( ) Tj ET Q q 0 0 0 rg BT 510.79 499.25 Td (expr) Tj ET Q q 0 0 0 rg BT 530.05 499.25 Td (essions. ) Tj ET Q q 0 0 0 rg BT 564.50 499.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (However) Tj ET Q q 0 0 0 rg BT 87.40 487.25 Td (, ) Tj ET Q q 0 0 0 rg BT 92.40 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.23 487.25 Td (absence ) Tj ET Q q 0 0 0 rg BT 144.06 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.89 487.25 Td (these ) Tj ET Q q 0 0 0 rg BT 179.05 487.25 Td (words ) Tj ET Q q 0 0 0 rg BT 207.66 487.25 Td (or) Tj ET Q q 0 0 0 rg BT 216.92 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.42 487.25 Td (similar) Tj ET Q q 0 0 0 rg BT 249.23 487.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.73 487.25 Td (expr) Tj ET Q q 0 0 0 rg BT 270.99 487.25 Td (essions ) Tj ET Q q 0 0 0 rg BT 302.94 487.25 Td (does ) Tj ET Q q 0 0 0 rg BT 324.34 487.25 Td (not ) Tj ET Q q 0 0 0 rg BT 340.73 487.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 366.56 487.25 Td (that ) Tj ET Q q 0 0 0 rg BT 386.28 487.25 Td (a ) Tj ET Q q 0 0 0 rg BT 393.78 487.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 437.93 487.25 Td (is ) Tj ET Q q 0 0 0 rg BT 447.10 487.25 Td (not ) Tj ET Q q 0 0 0 rg BT 463.49 487.25 Td (forward-looking.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 466.25 Td (e ) Tj ET Q q 0 0 0 rg BT 67.46 466.25 Td (may ) Tj ET Q q 0 0 0 rg BT 89.35 466.25 Td (make ) Tj ET Q q 0 0 0 rg BT 116.25 466.25 Td (other) Tj ET Q q 0 0 0 rg BT 138.84 466.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.41 466.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 215.98 466.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.09 466.25 Td (fr) Tj ET Q q 0 0 0 rg BT 272.67 466.25 Td (om ) Tj ET Q q 0 0 0 rg BT 289.57 466.25 Td (time ) Tj ET Q q 0 0 0 rg BT 312.02 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.92 466.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 348.86 466.25 Td (including ) Tj ET Q q 0 0 0 rg BT 392.45 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.36 466.25 Td (r) Tj ET Q q 0 0 0 rg BT 408.62 466.25 Td (eports ) Tj ET Q q 0 0 0 rg BT 438.84 466.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 461.30 466.25 Td (with ) Tj ET Q q 0 0 0 rg BT 483.76 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.66 466.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 545.88 466.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 94.23 454.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 152.06 454.25 Td (pr) Tj ET Q q 0 0 0 rg BT 161.88 454.25 Td (ess ) Tj ET Q q 0 0 0 rg BT 176.66 454.25 Td (r) Tj ET Q q 0 0 0 rg BT 180.92 454.25 Td (eleases ) Tj ET Q q 0 0 0 rg BT 212.35 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.03 454.25 Td (public ) Tj ET Q q 0 0 0 rg BT 260.26 454.25 Td (confer) Tj ET Q q 0 0 0 rg BT 287.29 454.25 Td (ence ) Tj ET Q q 0 0 0 rg BT 308.72 454.25 Td (calls. ) Tj ET Q q 0 0 0 rg BT 332.10 454.25 Td (All ) Tj ET Q q 0 0 0 rg BT 347.43 454.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 419.99 454.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 468.08 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 482.30 454.25 Td (make ) Tj ET Q q 0 0 0 rg BT 508.19 454.25 Td (ar) Tj ET Q q 0 0 0 rg BT 517.44 454.25 Td (e ) Tj ET Q q 0 0 0 rg BT 524.44 454.25 Td (based ) Tj ET Q q 0 0 0 rg BT 551.45 454.25 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (information ) Tj ET Q q 0 0 0 rg BT 104.37 442.25 Td (available ) Tj ET Q q 0 0 0 rg BT 145.96 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.55 442.25 Td (us ) Tj ET Q q 0 0 0 rg BT 170.26 442.25 Td (at ) Tj ET Q q 0 0 0 rg BT 181.85 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.44 442.25 Td (time ) Tj ET Q q 0 0 0 rg BT 220.58 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.17 442.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.97 442.25 Td (ar) Tj ET Q q 0 0 0 rg BT 295.23 442.25 Td (e ) Tj ET Q q 0 0 0 rg BT 302.92 442.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 332.01 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.40 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 366.32 442.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 400.69 442.25 Td (no ) Tj ET Q q 0 0 0 rg BT 414.51 442.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 460.56 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.15 442.25 Td (update ) Tj ET Q q 0 0 0 rg BT 504.86 442.25 Td (any ) Tj ET Q q 0 0 0 rg BT 523.68 442.25 Td (forward-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 84.67 430.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 135.70 430.25 Td (except ) Tj ET Q q 0 0 0 rg BT 165.90 430.25 Td (as ) Tj ET Q q 0 0 0 rg BT 177.78 430.25 Td (may ) Tj ET Q q 0 0 0 rg BT 199.10 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 212.09 430.25 Td (r) Tj ET Q q 0 0 0 rg BT 216.35 430.25 Td (equir) Tj ET Q q 0 0 0 rg BT 238.94 430.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 251.93 430.25 Td (by ) Tj ET Q q 0 0 0 rg BT 265.49 430.25 Td (law) Tj ET Q q 0 0 0 rg BT 279.93 430.25 Td (. ) Tj ET Q q 0 0 0 rg BT 285.42 430.25 Td (Our) Tj ET Q q 0 0 0 rg BT 303.02 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.01 430.25 Td (business ) Tj ET Q q 0 0 0 rg BT 344.58 430.25 Td (is ) Tj ET Q q 0 0 0 rg BT 354.24 430.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 387.78 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.10 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.42 430.25 Td (effects ) Tj ET Q q 0 0 0 rg BT 445.60 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.92 430.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 493.81 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.14 430.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 545.89 430.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (global ) Tj ET Q q 0 0 0 rg BT 77.78 418.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 119.43 418.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 165.00 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.79 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.45 418.25 Td (number) Tj ET Q q 0 0 0 rg BT 223.16 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.83 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.82 418.25 Td (other) Tj ET Q q 0 0 0 rg BT 257.41 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.08 418.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 281.30 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.09 418.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 356.30 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 375.19 418.25 Td (could ) Tj ET Q q 0 0 0 rg BT 400.20 418.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 425.19 418.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 452.96 418.25 Td (r) Tj ET Q q 0 0 0 rg BT 457.22 418.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 482.78 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.77 418.25 Td (differ) Tj ET Q q 0 0 0 rg BT 516.47 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.13 418.25 Td (materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (fr) Tj ET Q q 0 0 0 rg BT 57.59 406.25 Td (om ) Tj ET Q q 0 0 0 rg BT 72.72 406.25 Td (those ) Tj ET Q q 0 0 0 rg BT 96.74 406.25 Td (included ) Tj ET Q q 0 0 0 rg BT 135.22 406.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 147.86 406.25 Td (or) Tj ET Q q 0 0 0 rg BT 157.11 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.91 406.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 192.94 406.25 Td (by) Tj ET Q q 0 0 0 rg BT 202.95 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 207.25 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 228.50 406.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 300.30 406.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 350.14 406.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 375.27 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.40 406.25 Td (these ) Tj ET Q q 0 0 0 rg BT 408.86 406.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 431.22 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.14 406.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 506.49 406.25 Td (ar) Tj ET Q q 0 0 0 rg BT 515.75 406.25 Td (e ) Tj ET Q q 0 0 0 rg BT 521.98 406.25 Td (discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.65 394.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 88.50 394.25 Td (1A. ) Tj ET Q q 0 0 0 rg BT 105.53 394.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 127.29 394.25 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 167.36 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.00 394.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 199.19 394.25 Td (I ) Tj ET Q q 0 0 0 rg BT 205.39 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.03 394.25 Td (this ) Tj ET Q q 0 0 0 rg BT 233.90 394.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 260.09 394.25 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 286.01 394.25 Td (Examples ) Tj ET Q q 0 0 0 rg BT 329.99 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.63 394.25 Td (these ) Tj ET Q q 0 0 0 rg BT 364.59 394.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 387.47 394.25 Td (include: ) Tj ET Q q 0 0 0 rg BT 424.22 394.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 464.31 394.25 Td (envir) Tj ET Q q 0 0 0 rg BT 486.35 394.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 528.66 394.25 Td (cleanup ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.75 382.25 Td (r) Tj ET Q q 0 0 0 rg BT 77.01 382.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 104.76 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.29 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.82 382.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 170.79 382.25 Td (Harbor) Tj ET Q q 0 0 0 rg BT 202.83 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.03 382.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 252.81 382.25 Td (site; ) Tj ET Q q 0 0 0 rg BT 272.77 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.30 382.25 Td (cyclicality ) Tj ET Q q 0 0 0 rg BT 333.26 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.58 382.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 383.22 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.75 382.25 Td (general ) Tj ET Q q 0 0 0 rg BT 427.61 382.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 469.79 382.25 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 519.22 382.25 Td (instability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.60 370.25 Td (international ) Tj ET Q q 0 0 0 rg BT 118.42 370.25 Td (markets; ) Tj ET Q q 0 0 0 rg BT 159.00 370.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 192.37 370.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 222.99 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.37 370.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 278.09 370.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 324.25 370.25 Td (affecting ) Tj ET Q q 0 0 0 rg BT 363.72 370.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 391.53 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.91 370.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 447.18 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.78 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.37 370.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 510.62 370.25 Td (for) Tj ET Q q 0 0 0 rg BT 523.21 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 525.47 370.25 Td (both ) Tj ET Q q 0 0 0 rg BT 547.19 370.25 Td (our) Tj ET Q q 0 0 0 rg BT 562.01 370.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (pr) Tj ET Q q 0 0 0 rg BT 59.82 358.25 Td (oducts ) Tj ET Q q 0 0 0 rg BT 90.52 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.55 358.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 129.13 358.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 172.03 358.25 Td (we ) Tj ET Q q 0 0 0 rg BT 186.60 358.25 Td (pur) Tj ET Q q 0 0 0 rg BT 201.98 358.25 Td (chase; ) Tj ET Q q 0 0 0 rg BT 231.56 358.25 Td (imbalances ) Tj ET Q q 0 0 0 rg BT 282.25 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.50 358.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 324.77 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.81 358.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 381.18 358.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 427.99 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.25 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.49 358.25 Td (global ) Tj ET Q q 0 0 0 rg BT 484.52 358.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 506.31 358.25 Td (industry; ) Tj ET Q q 0 0 0 rg BT 548.68 358.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 81.81 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.51 346.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 131.00 346.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 183.92 346.25 Td (charges; ) Tj ET Q q 0 0 0 rg BT 222.39 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.09 346.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 269.91 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.61 346.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 325.21 346.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 348.13 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.63 346.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 389.00 346.25 Td (ventur) Tj ET Q q 0 0 0 rg BT 417.15 346.25 Td (e ) Tj ET Q q 0 0 0 rg BT 423.96 346.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 472.99 346.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 525.91 346.25 Td (charges; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 67.52 334.25 Td (r) Tj ET Q q 0 0 0 rg BT 71.78 334.25 Td (ealization ) Tj ET Q q 0 0 0 rg BT 117.08 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.60 334.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 171.00 334.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 208.53 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.72 334.25 Td (or) Tj ET Q q 0 0 0 rg BT 221.98 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.17 334.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 247.02 334.25 Td (r) Tj ET Q q 0 0 0 rg BT 251.28 334.25 Td (eductions ) Tj ET Q q 0 0 0 rg BT 296.04 334.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 343.56 334.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.64 334.25 Td (pr) Tj ET Q q 0 0 0 rg BT 376.46 334.25 Td (oductivity ) Tj ET Q q 0 0 0 rg BT 423.44 334.25 Td (impr) Tj ET Q q 0 0 0 rg BT 444.36 334.25 Td (ovement ) Tj ET Q q 0 0 0 rg BT 484.66 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.97 334.25 Td (r) Tj ET Q q 0 0 0 rg BT 509.23 334.25 Td (estructuring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (initiatives; ) Tj ET Q q 0 0 0 rg BT 98.06 322.25 Td (difficulties ) Tj ET Q q 0 0 0 rg BT 146.11 322.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 192.50 322.25 Td (with ) Tj ET Q q 0 0 0 rg BT 214.45 322.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 268.09 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.27 322.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 337.55 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.94 322.25 Td (acquir) Tj ET Q q 0 0 0 rg BT 376.54 322.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 389.60 322.25 Td (businesses; ) Tj ET Q q 0 0 0 rg BT 439.89 322.25 Td (customer) Tj ET Q q 0 0 0 rg BT 479.14 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.20 322.25 Td (fulfillment ) Tj ET Q q 0 0 0 rg BT 530.26 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.65 322.25 Td (their) Tj ET Q q 0 0 0 rg BT 562.01 322.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 100.24 310.25 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 151.61 310.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 186.87 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.57 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.26 310.25 Td (r) Tj ET Q q 0 0 0 rg BT 215.52 310.25 Td (elative ) Tj ET Q q 0 0 0 rg BT 244.64 310.25 Td (value ) Tj ET Q q 0 0 0 rg BT 268.78 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.48 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.17 310.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 312.31 310.25 Td (dollar; ) Tj ET Q q 0 0 0 rg BT 342.56 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.26 310.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 388.06 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.75 310.25 Td (for) Tj ET Q q 0 0 0 rg BT 410.34 310.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 429.48 310.25 Td (curr) Tj ET Q q 0 0 0 rg BT 448.17 310.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 468.97 310.25 Td (fluctuations; ) Tj ET Q q 0 0 0 rg BT 524.23 310.25 Td (potential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 97.64 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 110.28 298.25 Td (our) Tj ET Q q 0 0 0 rg BT 125.10 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.17 298.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 156.48 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.89 298.25 Td (access ) Tj ET Q q 0 0 0 rg BT 195.07 298.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.03 298.25 Td (r) Tj ET Q q 0 0 0 rg BT 230.29 298.25 Td (esour) Tj ET Q q 0 0 0 rg BT 253.44 298.25 Td (ces ) Tj ET Q q 0 0 0 rg BT 268.29 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.49 298.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 321.35 298.25 Td (cr) Tj ET Q q 0 0 0 rg BT 330.04 298.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 348.23 298.25 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 389.18 298.25 Td (r) Tj ET Q q 0 0 0 rg BT 393.44 298.25 Td (estrictions ) Tj ET Q q 0 0 0 rg BT 439.40 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 452.04 298.25 Td (our) Tj ET Q q 0 0 0 rg BT 466.86 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.94 298.25 Td (business ) Tj ET Q q 0 0 0 rg BT 506.59 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.79 298.25 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 94.45 286.25 Td (under) Tj ET Q q 0 0 0 rg BT 119.84 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.07 286.25 Td (our) Tj ET Q q 0 0 0 rg BT 136.89 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.12 286.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 163.04 286.25 Td (cr) Tj ET Q q 0 0 0 rg BT 171.73 286.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 190.08 286.25 Td (agr) Tj ET Q q 0 0 0 rg BT 204.33 286.25 Td (eement; ) Tj ET Q q 0 0 0 rg BT 240.43 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.00 286.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 287.67 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.23 286.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 357.14 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.72 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.28 286.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 404.39 286.25 Td (industry; ) Tj ET Q q 0 0 0 rg BT 446.08 286.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 483.87 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.44 286.25 Td (r) Tj ET Q q 0 0 0 rg BT 498.70 286.25 Td (ealize ) Tj ET Q q 0 0 0 rg BT 524.80 286.25 Td (expected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 86.79 274.25 Td (fr) Tj ET Q q 0 0 0 rg BT 94.38 274.25 Td (om ) Tj ET Q q 0 0 0 rg BT 111.16 274.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 165.17 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.97 274.25 Td (technology; ) Tj ET Q q 0 0 0 rg BT 229.86 274.25 Td (fr) Tj ET Q q 0 0 0 rg BT 237.45 274.25 Td (eight ) Tj ET Q q 0 0 0 rg BT 262.02 274.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 286.57 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.15 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.94 274.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 374.18 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.97 274.25 Td (transportation; ) Tj ET Q q 0 0 0 rg BT 454.98 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.76 274.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 504.66 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.45 274.25 Td (equipment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 94.19 262.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 141.99 262.25 Td (failur) Tj ET Q q 0 0 0 rg BT 165.70 262.25 Td (es ) Tj ET Q q 0 0 0 rg BT 176.26 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.63 262.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 226.30 262.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 261.86 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 274.66 262.25 Td (pr) Tj ET Q q 0 0 0 rg BT 284.48 262.25 Td (oduction; ) Tj ET Q q 0 0 0 rg BT 327.28 262.25 Td (pr) Tj ET Q q 0 0 0 rg BT 337.10 262.25 Td (oduct ) Tj ET Q q 0 0 0 rg BT 363.23 262.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 398.25 262.25 Td (claims; ) Tj ET Q q 0 0 0 rg BT 431.04 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.60 262.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 478.28 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.85 262.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 511.08 262.25 Td (pr) Tj ET Q q 0 0 0 rg BT 520.90 262.25 Td (oceedings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.50 250.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 90.88 250.25 Td (compliance; ) Tj ET Q q 0 0 0 rg BT 144.92 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.63 250.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 195.78 250.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 227.60 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.31 250.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 271.79 250.25 Td (change; ) Tj ET Q q 0 0 0 rg BT 307.50 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.21 250.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 355.03 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.75 250.25 Td (not ) Tj ET Q q 0 0 0 rg BT 382.02 250.25 Td (r) Tj ET Q q 0 0 0 rg BT 386.28 250.25 Td (ealizing ) Tj ET Q q 0 0 0 rg BT 421.43 250.25 Td (deferr) Tj ET Q q 0 0 0 rg BT 447.90 250.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 460.28 250.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.99 250.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 506.15 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.86 250.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 553.68 250.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 66.79 238.25 Td (incr) Tj ET Q q 0 0 0 rg BT 83.82 238.25 Td (eases ) Tj ET Q q 0 0 0 rg BT 108.94 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.52 238.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 165.87 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.67 238.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 194.45 238.25 Td (rules; ) Tj ET Q q 0 0 0 rg BT 222.35 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.14 238.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 272.03 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.82 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 292.28 238.25 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 353.49 238.25 Td (incident; ) Tj ET Q q 0 0 0 rg BT 394.72 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.18 238.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.19 238.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 468.97 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 491.32 238.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 543.11 238.25 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (envir) Tj ET Q q 0 0 0 rg BT 72.04 226.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 115.14 226.25 Td (r) Tj ET Q q 0 0 0 rg BT 119.40 226.25 Td (egulations; ) Tj ET Q q 0 0 0 rg BT 169.17 226.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 207.84 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.28 226.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 249.61 226.25 Td (or) Tj ET Q q 0 0 0 rg BT 258.87 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 261.98 226.25 Td (r) Tj ET Q q 0 0 0 rg BT 266.23 226.25 Td (enew ) Tj ET Q q 0 0 0 rg BT 291.00 226.25 Td (business ) Tj ET Q q 0 0 0 rg BT 329.68 226.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 365.00 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.23 226.25 Td (permits; ) Tj ET Q q 0 0 0 rg BT 423.43 226.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 474.86 226.25 Td (with ) Tj ET Q q 0 0 0 rg BT 496.86 226.25 Td (gr) Tj ET Q q 0 0 0 rg BT 506.12 226.25 Td (eenhouse ) Tj ET Q q 0 0 0 rg BT 548.11 226.25 Td (gas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 88.21 214.25 Td (r) Tj ET Q q 0 0 0 rg BT 92.47 214.25 Td (egulations; ) Tj ET Q q 0 0 0 rg BT 140.68 214.25 Td (r) Tj ET Q q 0 0 0 rg BT 144.94 214.25 Td (eliance ) Tj ET Q q 0 0 0 rg BT 175.92 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.02 214.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 233.44 214.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.54 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.41 214.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 316.37 214.25 Td (bargaining ) Tj ET Q q 0 0 0 rg BT 364.59 214.25 Td (agr) Tj ET Q q 0 0 0 rg BT 378.85 214.25 Td (eements; ) Tj ET Q q 0 0 0 rg BT 418.15 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.82 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.69 214.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 481.67 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.55 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.42 214.25 Td (underfunded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (status ) Tj ET Q q 0 0 0 rg BT 77.50 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.33 202.25 Td (multiemployer) Tj ET Q q 0 0 0 rg BT 150.92 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.42 202.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 178.71 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.55 202.25 Td (which ) Tj ET Q q 0 0 0 rg BT 217.61 202.25 Td (we ) Tj ET Q q 0 0 0 rg BT 231.77 202.25 Td (participate. ) Tj ET Q endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 295.79 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 309.08 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.01 742.10 Td ( I) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 732.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 720.50 Td (ITEM1. BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.50 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.50 Td (Founded ) Tj ET Q q 0 0 0 rg BT 87.66 688.50 Td (in ) Tj ET Q q 0 0 0 rg BT 98.09 688.50 Td (1906, ) Tj ET Q q 0 0 0 rg BT 123.24 688.50 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 163.66 688.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 186.31 688.50 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 230.91 688.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 248.83 688.50 Td (\("SSI"\), ) Tj ET Q q 0 0 0 rg BT 283.26 688.50 Td (an ) Tj ET Q q 0 0 0 rg BT 295.36 688.50 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 328.00 688.50 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 379.25 688.50 Td (is ) Tj ET Q q 0 0 0 rg BT 388.58 688.50 Td (one ) Tj ET Q q 0 0 0 rg BT 405.67 688.50 Td (of ) Tj ET Q q 0 0 0 rg BT 416.66 688.50 Td (North ) Tj ET Q q 0 0 0 rg BT 442.06 688.50 Td (America) Tj ET Q q 0 0 0 rg BT 479.26 688.50 Td (s ) Tj ET Q q 0 0 0 rg BT 485.80 688.50 Td (lar) Tj ET Q q 0 0 0 rg BT 496.17 688.50 Td (gest ) Tj ET Q q 0 0 0 rg BT 514.93 688.50 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 553.67 688.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.81 676.50 Td (and ) Tj ET Q q 0 0 0 rg BT 99.75 676.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 146.56 676.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 171.15 676.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 199.36 676.50 Td (including ) Tj ET Q q 0 0 0 rg BT 240.63 676.50 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 286.87 676.50 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 325.63 676.50 Td (and ) Tj ET Q q 0 0 0 rg BT 343.56 676.50 Td (a ) Tj ET Q q 0 0 0 rg BT 351.49 676.50 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 408.29 676.50 Td (of ) Tj ET Q q 0 0 0 rg BT 420.11 676.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 455.82 676.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 477.64 676.50 Td (products. ) Tj ET Q q 0 0 0 rg BT 517.82 676.50 Td (W) Tj ET Q q 0 0 0 rg BT 526.46 676.50 Td (orldwide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 84.51 664.50 Td (for ) Tj ET Q q 0 0 0 rg BT 99.02 664.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 122.97 664.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 148.04 664.50 Td (is ) Tj ET Q q 0 0 0 rg BT 157.56 664.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 185.96 664.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.03 664.50 Td (by ) Tj ET Q q 0 0 0 rg BT 238.88 664.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 260.06 664.50 Td (production ) Tj ET Q q 0 0 0 rg BT 306.24 664.50 Td (levels. ) Tj ET Q q 0 0 0 rg BT 334.91 664.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 357.76 664.50 Td (mill ) Tj ET Q q 0 0 0 rg BT 376.73 664.50 Td (production ) Tj ET Q q 0 0 0 rg BT 422.91 664.50 Td (using ) Tj ET Q q 0 0 0 rg BT 447.43 664.50 Td (electric ) Tj ET Q q 0 0 0 rg BT 479.70 664.50 Td (arc ) Tj ET Q q 0 0 0 rg BT 494.76 664.50 Td (furnace ) Tj ET Q q 0 0 0 rg BT 527.59 664.50 Td (\(EAF\) ) Tj ET Q q 0 0 0 rg BT 564.52 664.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 96.76 652.50 Td (relies ) Tj ET Q q 0 0 0 rg BT 120.74 652.50 Td (on ) Tj ET Q q 0 0 0 rg BT 133.07 652.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 156.49 652.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 181.03 652.50 Td (as ) Tj ET Q q 0 0 0 rg BT 191.69 652.50 Td (its ) Tj ET Q q 0 0 0 rg BT 203.46 652.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 237.45 652.50 Td (feedstock, ) Tj ET Q q 0 0 0 rg BT 280.59 652.50 Td (and ) Tj ET Q q 0 0 0 rg BT 297.35 652.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 318.01 652.50 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 378.64 652.50 Td (using ) Tj ET Q q 0 0 0 rg BT 402.64 652.50 Td (blast ) Tj ET Q q 0 0 0 rg BT 423.85 652.50 Td (furnace ) Tj ET Q q 0 0 0 rg BT 456.15 652.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 502.92 652.50 Td (also ) Tj ET Q q 0 0 0 rg BT 521.35 652.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 540.90 652.50 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.80 640.50 Td (for ) Tj ET Q q 0 0 0 rg BT 89.05 640.50 Td (a ) Tj ET Q q 0 0 0 rg BT 96.08 640.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 127.55 640.50 Td (of ) Tj ET Q q 0 0 0 rg BT 138.47 640.50 Td (its ) Tj ET Q q 0 0 0 rg BT 150.51 640.50 Td (raw ) Tj ET Q q 0 0 0 rg BT 168.09 640.50 Td (materials. ) Tj ET Q q 0 0 0 rg BT 209.83 640.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 232.42 640.50 Td (mills ) Tj ET Q q 0 0 0 rg BT 255.01 640.50 Td (around ) Tj ET Q q 0 0 0 rg BT 285.37 640.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.17 640.50 Td (world, ) Tj ET Q q 0 0 0 rg BT 328.59 640.50 Td (including ) Tj ET Q q 0 0 0 rg BT 368.96 640.50 Td (those ) Tj ET Q q 0 0 0 rg BT 392.65 640.50 Td (in ) Tj ET Q q 0 0 0 rg BT 403.02 640.50 Td (the ) Tj ET Q q 0 0 0 rg BT 417.83 640.50 Td (North ) Tj ET Q q 0 0 0 rg BT 443.18 640.50 Td (American ) Tj ET Q q 0 0 0 rg BT 485.19 640.50 Td (domestic ) Tj ET Q q 0 0 0 rg BT 523.88 640.50 Td (market ) Tj ET Q q 0 0 0 rg BT 554.23 640.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.50 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 628.50 Td (our ) Tj ET Q q 0 0 0 rg BT 92.77 628.50 Td (own ) Tj ET Q q 0 0 0 rg BT 112.49 628.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 133.32 628.50 Td (mill ) Tj ET Q q 0 0 0 rg BT 151.93 628.50 Td (operates, ) Tj ET Q q 0 0 0 rg BT 190.24 628.50 Td (are ) Tj ET Q q 0 0 0 rg BT 204.95 628.50 Td (the ) Tj ET Q q 0 0 0 rg BT 219.67 628.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 253.82 628.50 Td (end ) Tj ET Q q 0 0 0 rg BT 270.76 628.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 304.92 628.50 Td (for ) Tj ET Q q 0 0 0 rg BT 319.08 628.50 Td (our ) Tj ET Q q 0 0 0 rg BT 334.91 628.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 371.27 628.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 394.87 628.50 Td (metal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.25 607.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 99.49 607.50 Td (or) Tj ET Q q 0 0 0 rg BT 107.64 607.50 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 158.20 607.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.34 607.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 212.69 607.50 Td (structure ) Tj ET Q q 0 0 0 rg BT 249.37 607.50 Td (supports ) Tj ET Q q 0 0 0 rg BT 284.96 607.50 Td (two ) Tj ET Q q 0 0 0 rg BT 301.66 607.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 341.12 607.50 Td (and ) Tj ET Q q 0 0 0 rg BT 357.25 607.50 Td (reportable ) Tj ET Q q 0 0 0 rg BT 399.48 607.50 Td (segments: ) Tj ET Q q 0 0 0 rg BT 441.17 607.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.71 607.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 476.41 607.50 Td (and ) Tj ET Q q 0 0 0 rg BT 492.54 607.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 521.46 607.50 Td (Recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.50 Td (\("AMR"\) ) Tj ET Q q 0 0 0 rg BT 90.11 595.50 Td (business ) Tj ET Q q 0 0 0 rg BT 126.50 595.50 Td (and ) Tj ET Q q 0 0 0 rg BT 143.44 595.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.15 595.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 180.65 595.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 242.57 595.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 280.63 595.50 Td (\("SMB"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.50 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.76 574.50 Td (collects ) Tj ET Q q 0 0 0 rg BT 109.29 574.50 Td (and ) Tj ET Q q 0 0 0 rg BT 126.70 574.50 Td (recycles ) Tj ET Q q 0 0 0 rg BT 162.44 574.50 Td (autobodies, ) Tj ET Q q 0 0 0 rg BT 211.24 574.50 Td (rail ) Tj ET Q q 0 0 0 rg BT 227.55 574.50 Td (cars, ) Tj ET Q q 0 0 0 rg BT 249.13 574.50 Td (home ) Tj ET Q q 0 0 0 rg BT 274.32 574.50 Td (appliances, ) Tj ET Q q 0 0 0 rg BT 322.01 574.50 Td (industrial ) Tj ET Q q 0 0 0 rg BT 362.76 574.50 Td (machinery) Tj ET Q q 0 0 0 rg BT 404.31 574.50 Td (, ) Tj ET Q q 0 0 0 rg BT 409.79 574.50 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 471.08 574.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 495.16 574.50 Td (and ) Tj ET Q q 0 0 0 rg BT 512.58 574.50 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.50 Td (and ) Tj ET Q q 0 0 0 rg BT 66.22 562.50 Td (demolition ) Tj ET Q q 0 0 0 rg BT 111.33 562.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 134.21 562.50 Td (from ) Tj ET Q q 0 0 0 rg BT 155.42 562.50 Td (bridges, ) Tj ET Q q 0 0 0 rg BT 189.14 562.50 Td (buildings ) Tj ET Q q 0 0 0 rg BT 228.15 562.50 Td (and ) Tj ET Q q 0 0 0 rg BT 244.37 562.50 Td (other ) Tj ET Q q 0 0 0 rg BT 266.69 562.50 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 324.71 562.50 Td (W) Tj ET Q q 0 0 0 rg BT 333.35 562.50 Td (e ) Tj ET Q q 0 0 0 rg BT 339.56 562.50 Td (source ) Tj ET Q q 0 0 0 rg BT 367.44 562.50 Td (material ) Tj ET Q q 0 0 0 rg BT 401.98 562.50 Td (through ) Tj ET Q q 0 0 0 rg BT 434.87 562.50 Td (well-developed, ) Tj ET Q q 0 0 0 rg BT 500.79 562.50 Td (regional ) Tj ET Q q 0 0 0 rg BT 535.33 562.50 Td (supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.50 Td (chains ) Tj ET Q q 0 0 0 rg BT 77.88 550.50 Td (that ) Tj ET Q q 0 0 0 rg BT 95.21 550.50 Td (collect ) Tj ET Q q 0 0 0 rg BT 124.19 550.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 147.62 550.50 Td (from ) Tj ET Q q 0 0 0 rg BT 169.39 550.50 Td (lar) Tj ET Q q 0 0 0 rg BT 179.76 550.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 191.53 550.50 Td (and ) Tj ET Q q 0 0 0 rg BT 208.30 550.50 Td (small ) Tj ET Q q 0 0 0 rg BT 232.30 550.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 276.86 550.50 Td (and ) Tj ET Q q 0 0 0 rg BT 293.63 550.50 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 342.90 550.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 360.79 550.50 Td (lar) Tj ET Q q 0 0 0 rg BT 371.16 550.50 Td (gest ) Tj ET Q q 0 0 0 rg BT 389.60 550.50 Td (source ) Tj ET Q q 0 0 0 rg BT 418.03 550.50 Td (of ) Tj ET Q q 0 0 0 rg BT 428.69 550.50 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 474.35 550.50 Td (is ) Tj ET Q q 0 0 0 rg BT 483.35 550.50 Td (our ) Tj ET Q q 0 0 0 rg BT 499.02 550.50 Td (own ) Tj ET Q q 0 0 0 rg BT 518.57 550.50 Td (network ) Tj ET Q q 0 0 0 rg BT 553.67 550.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.50 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 538.50 Td ( ) Tj ET Q q 0 0 0 rg BT 62.31 538.50 Td (self-service ) Tj ET Q q 0 0 0 rg BT 110.71 538.50 Td (auto ) Tj ET Q q 0 0 0 rg BT 130.24 538.50 Td (parts ) Tj ET Q q 0 0 0 rg BT 151.99 538.50 Td (stores, ) Tj ET Q q 0 0 0 rg BT 180.14 538.50 Td (which ) Tj ET Q q 0 0 0 rg BT 206.89 538.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 238.63 538.50 Td (under ) Tj ET Q q 0 0 0 rg BT 263.71 538.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.24 538.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 327.75 538.50 Td (brand-name ) Tj ET Q q 0 0 0 rg BT 377.82 538.50 Td (Pick-n-Pull, ) Tj ET Q q 0 0 0 rg BT 428.19 538.50 Td (a ) Tj ET Q q 0 0 0 rg BT 434.94 538.50 Td (majority ) Tj ET Q q 0 0 0 rg BT 471.13 538.50 Td (of ) Tj ET Q q 0 0 0 rg BT 481.78 538.50 Td (which ) Tj ET Q q 0 0 0 rg BT 508.53 538.50 Td (are ) Tj ET Q q 0 0 0 rg BT 523.05 538.50 Td (located ) Tj ET Q q 0 0 0 rg BT 554.24 538.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.50 Td (close ) Tj ET Q q 0 0 0 rg BT 73.05 526.50 Td (geographic ) Tj ET Q q 0 0 0 rg BT 119.97 526.50 Td (proximity ) Tj ET Q q 0 0 0 rg BT 161.91 526.50 Td (to ) Tj ET Q q 0 0 0 rg BT 172.19 526.50 Td (our ) Tj ET Q q 0 0 0 rg BT 188.02 526.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 216.63 526.50 Td (recycling ) Tj ET Q q 0 0 0 rg BT 256.33 526.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 296.59 526.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 336.02 526.50 Td (six ) Tj ET Q q 0 0 0 rg BT 350.19 526.50 Td (of ) Tj ET Q q 0 0 0 rg BT 361.02 526.50 Td (which ) Tj ET Q q 0 0 0 rg BT 387.96 526.50 Td (have ) Tj ET Q q 0 0 0 rg BT 409.34 526.50 Td (lar) Tj ET Q q 0 0 0 rg BT 419.70 526.50 Td (ge-scale ) Tj ET Q q 0 0 0 rg BT 454.96 526.50 Td (shredders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.50 Td (AMR ) Tj ET Q q 0 0 0 rg BT 76.01 505.50 Td (processes ) Tj ET Q q 0 0 0 rg BT 117.55 505.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 154.64 505.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 183.97 505.50 Td (ranging ) Tj ET Q q 0 0 0 rg BT 217.74 505.50 Td (from ) Tj ET Q q 0 0 0 rg BT 240.41 505.50 Td (iron ) Tj ET Q q 0 0 0 rg BT 259.74 505.50 Td (and ) Tj ET Q q 0 0 0 rg BT 277.40 505.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 298.95 505.50 Td (to ) Tj ET Q q 0 0 0 rg BT 309.96 505.50 Td (aluminum, ) Tj ET Q q 0 0 0 rg BT 356.23 505.50 Td (copper) Tj ET Q q 0 0 0 rg BT 383.04 505.50 Td (, ) Tj ET Q q 0 0 0 rg BT 388.76 505.50 Td (lead, ) Tj ET Q q 0 0 0 rg BT 411.15 505.50 Td (stainless ) Tj ET Q q 0 0 0 rg BT 448.26 505.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 469.81 505.50 Td (and ) Tj ET Q q 0 0 0 rg BT 487.47 505.50 Td (zinc ) Tj ET Q q 0 0 0 rg BT 507.35 505.50 Td (for ) Tj ET Q q 0 0 0 rg BT 522.24 505.50 Td (use ) Tj ET Q q 0 0 0 rg BT 538.79 505.50 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 505.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.50 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 101.36 493.50 Td (of ) Tj ET Q q 0 0 0 rg BT 111.07 493.50 Td (new ) Tj ET Q q 0 0 0 rg BT 129.12 493.50 Td (products. ) Tj ET Q q 0 0 0 rg BT 167.35 493.50 Td (W) Tj ET Q q 0 0 0 rg BT 176.38 493.50 Td (ith ) Tj ET Q q 0 0 0 rg BT 188.33 493.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.48 493.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 263.29 493.50 Td (located ) Tj ET Q q 0 0 0 rg BT 293.55 493.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.72 493.50 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.72 493.50 Td ( ) Tj ET Q q 0 0 0 rg BT 314.10 493.50 Td (States, ) Tj ET Q q 0 0 0 rg BT 341.88 493.50 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 369.37 493.50 Td (Rico ) Tj ET Q q 0 0 0 rg BT 389.65 493.50 Td (and ) Tj ET Q q 0 0 0 rg BT 405.37 493.50 Td (W) Tj ET Q q 0 0 0 rg BT 414.01 493.50 Td (estern ) Tj ET Q q 0 0 0 rg BT 439.27 493.50 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 473.14 493.50 Td (we ) Tj ET Q q 0 0 0 rg BT 486.19 493.50 Td (are ) Tj ET Q q 0 0 0 rg BT 499.79 493.50 Td (well-positioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.50 Td (to ) Tj ET Q q 0 0 0 rg BT 60.47 481.50 Td (ef) Tj ET Q q 0 0 0 rg BT 68.06 481.50 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 104.08 481.50 Td (collect ) Tj ET Q q 0 0 0 rg BT 133.42 481.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 157.21 481.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 182.12 481.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 228.70 481.50 Td (North ) Tj ET Q q 0 0 0 rg BT 254.13 481.50 Td (America ) Tj ET Q q 0 0 0 rg BT 291.25 481.50 Td (and ) Tj ET Q q 0 0 0 rg BT 308.38 481.50 Td (deliver ) Tj ET Q q 0 0 0 rg BT 338.84 481.50 Td (products ) Tj ET Q q 0 0 0 rg BT 375.97 481.50 Td (to ) Tj ET Q q 0 0 0 rg BT 386.44 481.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 429.69 481.50 Td (around ) Tj ET Q q 0 0 0 rg BT 460.15 481.50 Td (the ) Tj ET Q q 0 0 0 rg BT 475.06 481.50 Td (world ) Tj ET Q q 0 0 0 rg BT 501.08 481.50 Td (from ) Tj ET Q q 0 0 0 rg BT 523.22 481.50 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.24 481.50 Td (seven) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.50 Td (deep ) Tj ET Q q 0 0 0 rg BT 71.60 469.50 Td (water ) Tj ET Q q 0 0 0 rg BT 96.54 469.50 Td (ports. ) Tj ET Q q 0 0 0 rg BT 121.76 469.50 Td (In ) Tj ET Q q 0 0 0 rg BT 132.82 469.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.20 469.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.20 469.50 Td (, ) Tj ET Q q 0 0 0 rg BT 182.43 469.50 Td (we ) Tj ET Q q 0 0 0 rg BT 196.81 469.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 216.21 469.50 Td (our ) Tj ET Q q 0 0 0 rg BT 232.26 469.50 Td (products ) Tj ET Q q 0 0 0 rg BT 269.43 469.50 Td (to ) Tj ET Q q 0 0 0 rg BT 279.93 469.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 323.21 469.50 Td (located ) Tj ET Q q 0 0 0 rg BT 354.80 469.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.31 469.50 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.31 469.50 Td ( ) Tj ET Q q 0 0 0 rg BT 378.03 469.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 417.42 469.50 Td (including ) Tj ET Q q 0 0 0 rg BT 457.92 469.50 Td (the ) Tj ET Q q 0 0 0 rg BT 472.86 469.50 Td (United ) Tj ET Q q 0 0 0 rg BT 502.80 469.50 Td (States ) Tj ET Q q 0 0 0 rg BT 529.41 469.50 Td (\("U.S."\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.50 Td (and ) Tj ET Q q 0 0 0 rg BT 67.59 457.50 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 103.23 457.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.83 457.50 Td (we ) Tj ET Q q 0 0 0 rg BT 135.64 457.50 Td (shipped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.90 457.50 Td (3.3 ) Tj ET Q q 0 0 0 rg BT 185.56 457.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.45 457.50 Td ( ) Tj ET Q q 0 0 0 rg BT 217.60 457.50 Td (tons ) Tj ET Q q 0 0 0 rg BT 237.43 457.50 Td (of ) Tj ET Q q 0 0 0 rg BT 248.91 457.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 280.39 457.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 304.64 457.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 330.00 457.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.60 457.50 Td (510 ) Tj ET Q q 0 0 0 rg BT 365.75 457.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.64 457.50 Td ( ) Tj ET Q q 0 0 0 rg BT 397.80 457.50 Td (pounds ) Tj ET Q q 0 0 0 rg BT 429.84 457.50 Td (of ) Tj ET Q q 0 0 0 rg BT 441.33 457.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 487.80 457.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 512.06 457.50 Td (metal. ) Tj ET Q q 0 0 0 rg BT 539.23 457.50 Td (AMR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.50 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.07 445.50 Td (89%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.40 445.50 Td ( ) Tj ET Q q 0 0 0 rg BT 111.61 445.50 Td (of ) Tj ET Q q 0 0 0 rg BT 122.14 445.50 Td (its ) Tj ET Q q 0 0 0 rg BT 133.80 445.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.54 445.50 Td (in ) Tj ET Q q 0 0 0 rg BT 181.53 445.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 205.39 445.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 227.60 445.50 Td (from ) Tj ET Q q 0 0 0 rg BT 249.24 445.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 270.89 445.50 Td (of ) Tj ET Q q 0 0 0 rg BT 281.43 445.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 311.95 445.50 Td (and ) Tj ET Q q 0 0 0 rg BT 328.60 445.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 374.13 445.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 397.43 445.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 424.35 445.50 Td (with ) Tj ET Q q 0 0 0 rg BT 444.34 445.50 Td (the ) Tj ET Q q 0 0 0 rg BT 458.76 445.50 Td (remainder ) Tj ET Q q 0 0 0 rg BT 501.50 445.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 542.57 445.50 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.50 Td (retail ) Tj ET Q q 0 0 0 rg BT 73.04 433.50 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 433.50 Td (other ) Tj ET Q q 0 0 0 rg BT 113.03 433.50 Td (sales. ) Tj ET Q q 0 0 0 rg BT 136.91 433.50 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 167.89 433.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 205.93 433.50 Td (by ) Tj ET Q q 0 0 0 rg BT 218.43 433.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 242.03 433.50 Td (product ) Tj ET Q q 0 0 0 rg BT 275.07 433.50 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 433.50 Td (68%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.33 433.50 Td ( ) Tj ET Q q 0 0 0 rg BT 317.83 433.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 348.65 433.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.59 433.50 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.92 433.50 Td ( ) Tj ET Q q 0 0 0 rg BT 386.42 433.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 432.24 433.50 Td (in ) Tj ET Q q 0 0 0 rg BT 442.52 433.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 466.67 433.50 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.50 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.14 412.50 Td (produces ) Tj ET Q q 0 0 0 rg BT 111.25 412.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 145.48 412.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 165.82 412.50 Td (products ) Tj ET Q q 0 0 0 rg BT 202.27 412.50 Td (such ) Tj ET Q q 0 0 0 rg BT 222.61 412.50 Td (as ) Tj ET Q q 0 0 0 rg BT 232.95 412.50 Td (rebar) Tj ET Q q 0 0 0 rg BT 253.09 412.50 Td (, ) Tj ET Q q 0 0 0 rg BT 257.60 412.50 Td (wire ) Tj ET Q q 0 0 0 rg BT 277.39 412.50 Td (rod, ) Tj ET Q q 0 0 0 rg BT 295.23 412.50 Td (coiled ) Tj ET Q q 0 0 0 rg BT 321.68 412.50 Td (rebar) Tj ET Q q 0 0 0 rg BT 341.81 412.50 Td (, ) Tj ET Q q 0 0 0 rg BT 346.33 412.50 Td (merchant ) Tj ET Q q 0 0 0 rg BT 385.54 412.50 Td (bar ) Tj ET Q q 0 0 0 rg BT 400.32 412.50 Td (and ) Tj ET Q q 0 0 0 rg BT 416.77 412.50 Td (other ) Tj ET Q q 0 0 0 rg BT 439.33 412.50 Td (specialty ) Tj ET Q q 0 0 0 rg BT 476.89 412.50 Td (products ) Tj ET Q q 0 0 0 rg BT 513.34 412.50 Td (using ) Tj ET Q q 0 0 0 rg BT 537.02 412.50 Td (nearly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 75.73 400.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 111.99 400.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 136.60 400.50 Td (sourced ) Tj ET Q q 0 0 0 rg BT 170.09 400.50 Td (from ) Tj ET Q q 0 0 0 rg BT 191.40 400.50 Td (AMR. ) Tj ET Q q 0 0 0 rg BT 219.08 400.50 Td (SMB's ) Tj ET Q q 0 0 0 rg BT 248.29 400.50 Td (products ) Tj ET Q q 0 0 0 rg BT 285.13 400.50 Td (are ) Tj ET Q q 0 0 0 rg BT 299.73 400.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 339.34 400.50 Td (used ) Tj ET Q q 0 0 0 rg BT 360.07 400.50 Td (in ) Tj ET Q q 0 0 0 rg BT 370.25 400.50 Td (nonresidential ) Tj ET Q q 0 0 0 rg BT 429.29 400.50 Td (and ) Tj ET Q q 0 0 0 rg BT 446.13 400.50 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 502.39 400.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 554.22 400.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.50 Td (North ) Tj ET Q q 0 0 0 rg BT 75.28 388.50 Td (America. ) Tj ET Q q 0 0 0 rg BT 114.70 388.50 Td (In ) Tj ET Q q 0 0 0 rg BT 125.53 388.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.69 388.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 388.50 Td (, ) Tj ET Q q 0 0 0 rg BT 174.69 388.50 Td (SMB ) Tj ET Q q 0 0 0 rg BT 198.31 388.50 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.48 388.50 Td (488 ) Tj ET Q q 0 0 0 rg BT 234.98 388.50 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.09 388.50 Td ( ) Tj ET Q q 0 0 0 rg BT 273.59 388.50 Td (short ) Tj ET Q q 0 0 0 rg BT 296.09 388.50 Td (tons ) Tj ET Q q 0 0 0 rg BT 315.26 388.50 Td (of ) Tj ET Q q 0 0 0 rg BT 326.09 388.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 360.81 388.50 Td (steel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.50 Td (In ) Tj ET Q q 0 0 0 rg BT 62.01 367.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 90.11 367.50 Td (years ) Tj ET Q q 0 0 0 rg BT 114.89 367.50 Td (we ) Tj ET Q q 0 0 0 rg BT 130.23 367.50 Td (have ) Tj ET Q q 0 0 0 rg BT 152.78 367.50 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 200.88 367.50 Td (a ) Tj ET Q q 0 0 0 rg BT 209.00 367.50 Td (number ) Tj ET Q q 0 0 0 rg BT 243.22 367.50 Td (of ) Tj ET Q q 0 0 0 rg BT 255.23 367.50 Td (productivity ) Tj ET Q q 0 0 0 rg BT 307.79 367.50 Td (improvements ) Tj ET Q q 0 0 0 rg BT 368.68 367.50 Td (and ) Tj ET Q q 0 0 0 rg BT 386.80 367.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 441.57 367.50 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 484.69 367.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 523.91 367.50 Td (to ) Tj ET Q q 0 0 0 rg BT 535.37 367.50 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.32 355.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 128.97 355.50 Td (and ) Tj ET Q q 0 0 0 rg BT 145.97 355.50 Td (improve ) Tj ET Q q 0 0 0 rg BT 181.85 355.50 Td (profitability ) Tj ET Q q 0 0 0 rg BT 232.17 355.50 Td (and ) Tj ET Q q 0 0 0 rg BT 249.16 355.50 Td (to ) Tj ET Q q 0 0 0 rg BT 259.50 355.50 Td (achieve ) Tj ET Q q 0 0 0 rg BT 292.58 355.50 Td (further ) Tj ET Q q 0 0 0 rg BT 322.35 355.50 Td (integration ) Tj ET Q q 0 0 0 rg BT 368.22 355.50 Td (and ) Tj ET Q q 0 0 0 rg BT 385.22 355.50 Td (syner) Tj ET Q q 0 0 0 rg BT 406.70 355.50 Td (gistic ) Tj ET Q q 0 0 0 rg BT 430.92 355.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 449.58 355.50 Td (ef) Tj ET Q q 0 0 0 rg BT 457.17 355.50 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 498.03 355.50 Td (in ) Tj ET Q q 0 0 0 rg BT 508.37 355.50 Td (our ) Tj ET Q q 0 0 0 rg BT 524.25 355.50 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.50 Td (platform. ) Tj ET Q q 0 0 0 rg BT 89.21 343.50 Td (Measures ) Tj ET Q q 0 0 0 rg BT 129.81 343.50 Td (initiated ) Tj ET Q q 0 0 0 rg BT 164.85 343.50 Td (since ) Tj ET Q q 0 0 0 rg BT 187.68 343.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.17 343.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 244.44 343.50 Td (of ) Tj ET Q q 0 0 0 rg BT 255.05 343.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 278.98 343.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 301.26 343.50 Td (tar) Tj ET Q q 0 0 0 rg BT 311.62 343.50 Td (get ) Tj ET Q q 0 0 0 rg BT 326.12 343.50 Td (a ) Tj ET Q q 0 0 0 rg BT 332.83 343.50 Td (combined ) Tj ET Q q 0 0 0 rg BT 374.54 343.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 404.58 343.50 Td (to ) Tj ET Q q 0 0 0 rg BT 414.64 343.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 443.57 343.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.61 343.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 536.41 343.50 Td (of ) Tj ET Q q 0 0 0 rg BT 547.02 343.50 Td ($95 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.50 Td (million. ) Tj ET Q q 0 0 0 rg BT 83.00 331.50 Td (W) Tj ET Q q 0 0 0 rg BT 91.64 331.50 Td (e ) Tj ET Q q 0 0 0 rg BT 97.81 331.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 135.07 331.50 Td ($78 ) Tj ET Q q 0 0 0 rg BT 151.81 331.50 Td (million ) Tj ET Q q 0 0 0 rg BT 182.43 331.50 Td (of ) Tj ET Q q 0 0 0 rg BT 192.50 331.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 225.89 331.50 Td (in ) Tj ET Q q 0 0 0 rg BT 235.40 331.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 258.79 331.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 280.52 331.50 Td (related ) Tj ET Q q 0 0 0 rg BT 309.45 331.50 Td (to ) Tj ET Q q 0 0 0 rg BT 318.97 331.50 Td (these ) Tj ET Q q 0 0 0 rg BT 341.25 331.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 364.64 331.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 386.37 331.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.54 331.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 424.27 331.50 Td (measures, ) Tj ET Q q 0 0 0 rg BT 465.71 331.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 506.87 331.50 Td (to ) Tj ET Q q 0 0 0 rg BT 516.38 331.50 Td ($28 ) Tj ET Q q 0 0 0 rg BT 533.12 331.50 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 319.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 94.99 319.50 Td (in ) Tj ET Q q 0 0 0 rg BT 105.26 319.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 129.42 319.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 154.24 319.50 Td (W) Tj ET Q q 0 0 0 rg BT 162.88 319.50 Td (e ) Tj ET Q q 0 0 0 rg BT 169.81 319.50 Td (expect ) Tj ET Q q 0 0 0 rg BT 198.41 319.50 Td (to ) Tj ET Q q 0 0 0 rg BT 208.69 319.50 Td (achieve ) Tj ET Q q 0 0 0 rg BT 241.72 319.50 Td (substantially ) Tj ET Q q 0 0 0 rg BT 294.77 319.50 Td (all ) Tj ET Q q 0 0 0 rg BT 307.27 319.50 Td (of ) Tj ET Q q 0 0 0 rg BT 318.10 319.50 Td (the ) Tj ET Q q 0 0 0 rg BT 332.81 319.50 Td ($95 ) Tj ET Q q 0 0 0 rg BT 350.31 319.50 Td (million ) Tj ET Q q 0 0 0 rg BT 381.70 319.50 Td (of ) Tj ET Q q 0 0 0 rg BT 392.53 319.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 426.69 319.50 Td (in ) Tj ET Q q 0 0 0 rg BT 436.97 319.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 461.12 319.50 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.50 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 298.50 Td (e ) Tj ET Q q 0 0 0 rg BT 64.52 298.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 99.28 298.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 151.82 298.50 Td (char) Tj ET Q q 0 0 0 rg BT 168.84 298.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 183.62 298.50 Td (and ) Tj ET Q q 0 0 0 rg BT 199.50 298.50 Td (other ) Tj ET Q q 0 0 0 rg BT 221.49 298.50 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 268.46 298.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 306.01 298.50 Td (during ) Tj ET Q q 0 0 0 rg BT 333.56 298.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 356.66 298.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 380.60 298.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 402.05 298.50 Td (and ) Tj ET Q q 0 0 0 rg BT 417.93 298.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 439.38 298.50 Td (in ) Tj ET Q q 0 0 0 rg BT 448.60 298.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 493.92 298.50 Td (with ) Tj ET Q q 0 0 0 rg BT 513.14 298.50 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.50 Td (improvement ) Tj ET Q q 0 0 0 rg BT 106.79 286.50 Td (and ) Tj ET Q q 0 0 0 rg BT 124.70 286.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 179.26 286.50 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 224.66 286.50 Td (See ) Tj ET Q q 0 0 0 rg BT 242.57 286.50 Td (Management's ) Tj ET Q q 0 0 0 rg BT 303.93 286.50 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 351.29 286.50 Td (and ) Tj ET Q q 0 0 0 rg BT 368.44 286.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 406.90 286.50 Td (of ) Tj ET Q q 0 0 0 rg BT 418.70 286.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 459.38 286.50 Td (Condition ) Tj ET Q q 0 0 0 rg BT 502.86 286.50 Td (and ) Tj ET Q q 0 0 0 rg BT 520.76 286.50 Td (Results ) Tj ET Q q 0 0 0 rg BT 553.68 286.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 96.38 274.50 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 274.50 Td (Part ) Tj ET Q q 0 0 0 rg BT 125.26 274.50 Td (II, ) Tj ET Q q 0 0 0 rg BT 136.92 274.50 Td (Item ) Tj ET Q q 0 0 0 rg BT 157.75 274.50 Td (7 ) Tj ET Q q 0 0 0 rg BT 165.25 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 176.08 274.50 Td (this ) Tj ET Q q 0 0 0 rg BT 193.03 274.50 Td (report ) Tj ET Q q 0 0 0 rg BT 219.40 274.50 Td (for ) Tj ET Q q 0 0 0 rg BT 233.56 274.50 Td (further ) Tj ET Q q 0 0 0 rg BT 263.27 274.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 307.44 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 318.27 274.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 371.87 274.50 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 416.30 274.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 450.46 274.50 Td (and ) Tj ET Q q 0 0 0 rg BT 467.40 274.50 Td (costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 71.54 253.50 Td (to ) Tj ET Q q 0 0 0 rg BT 80.85 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 94.60 253.50 Td (fourth ) Tj ET Q q 0 0 0 rg BT 120.58 253.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 150.43 253.50 Td (of ) Tj ET Q q 0 0 0 rg BT 160.29 253.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 183.48 253.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 207.52 253.50 Td (our ) Tj ET Q q 0 0 0 rg BT 222.39 253.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 254.46 253.50 Td (or) Tj ET Q q 0 0 0 rg BT 262.61 253.50 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 313.02 253.50 Td (and ) Tj ET Q q 0 0 0 rg BT 328.99 253.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 367.18 253.50 Td (structure ) Tj ET Q q 0 0 0 rg BT 403.70 253.50 Td (supported ) Tj ET Q q 0 0 0 rg BT 444.68 253.50 Td (three ) Tj ET Q q 0 0 0 rg BT 466.20 253.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 505.50 253.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.47 253.50 Td (reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.50 Td (segments: ) Tj ET Q q 0 0 0 rg BT 93.60 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 109.41 241.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 140.23 241.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 184.38 241.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 223.54 241.50 Td (\("MRB"\), ) Tj ET Q q 0 0 0 rg BT 266.69 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 281.72 241.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 305.32 241.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 328.92 241.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 368.08 241.50 Td (\("APB"\) ) Tj ET Q q 0 0 0 rg BT 405.96 241.50 Td (and ) Tj ET Q q 0 0 0 rg BT 424.00 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 439.82 241.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 463.41 241.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 526.44 241.50 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.50 Td (\("SMB"\). ) Tj ET Q q 0 0 0 rg BT 91.06 229.50 Td (In ) Tj ET Q q 0 0 0 rg BT 102.01 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 116.84 229.50 Td (fourth ) Tj ET Q q 0 0 0 rg BT 143.90 229.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 174.83 229.50 Td (of ) Tj ET Q q 0 0 0 rg BT 185.78 229.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 210.05 229.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 235.16 229.50 Td (we ) Tj ET Q q 0 0 0 rg BT 249.44 229.50 Td (combined ) Tj ET Q q 0 0 0 rg BT 291.49 229.50 Td (and ) Tj ET Q q 0 0 0 rg BT 308.54 229.50 Td (integrated ) Tj ET Q q 0 0 0 rg BT 351.14 229.50 Td (our ) Tj ET Q q 0 0 0 rg BT 367.09 229.50 Td (auto ) Tj ET Q q 0 0 0 rg BT 386.92 229.50 Td (parts ) Tj ET Q q 0 0 0 rg BT 408.97 229.50 Td (and ) Tj ET Q q 0 0 0 rg BT 426.03 229.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 454.75 229.50 Td (recycling ) Tj ET Q q 0 0 0 rg BT 494.57 229.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 539.41 229.50 Td (into ) Tj ET Q q 0 0 0 rg BT 557.58 229.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.50 Td (single ) Tj ET Q q 0 0 0 rg BT 77.00 217.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 117.87 217.50 Td (platform. ) Tj ET Q q 0 0 0 rg BT 157.69 217.50 Td (This ) Tj ET Q q 0 0 0 rg BT 178.58 217.50 Td (change ) Tj ET Q q 0 0 0 rg BT 210.00 217.50 Td (in ) Tj ET Q q 0 0 0 rg BT 220.89 217.50 Td (or) Tj ET Q q 0 0 0 rg BT 229.04 217.50 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 281.02 217.50 Td (structure ) Tj ET Q q 0 0 0 rg BT 319.12 217.50 Td (further ) Tj ET Q q 0 0 0 rg BT 349.43 217.50 Td (optimized ) Tj ET Q q 0 0 0 rg BT 392.53 217.50 Td (the ) Tj ET Q q 0 0 0 rg BT 407.86 217.50 Td (ef) Tj ET Q q 0 0 0 rg BT 415.45 217.50 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 456.87 217.50 Td (in ) Tj ET Q q 0 0 0 rg BT 467.76 217.50 Td (our ) Tj ET Q q 0 0 0 rg BT 484.20 217.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.07 217.50 Td (platform, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.50 Td (enabling ) Tj ET Q q 0 0 0 rg BT 86.15 205.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 127.86 205.50 Td (syner) Tj ET Q q 0 0 0 rg BT 149.34 205.50 Td (gies ) Tj ET Q q 0 0 0 rg BT 167.17 205.50 Td (to ) Tj ET Q q 0 0 0 rg BT 176.66 205.50 Td (be ) Tj ET Q q 0 0 0 rg BT 187.82 205.50 Td (captured ) Tj ET Q q 0 0 0 rg BT 223.96 205.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 269.56 205.50 Td (our ) Tj ET Q q 0 0 0 rg BT 284.61 205.50 Td (supply ) Tj ET Q q 0 0 0 rg BT 313.00 205.50 Td (chain ) Tj ET Q q 0 0 0 rg BT 336.37 205.50 Td (and ) Tj ET Q q 0 0 0 rg BT 352.53 205.50 Td (global ) Tj ET Q q 0 0 0 rg BT 379.24 205.50 Td 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112.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 93.17 100.50 Td (of ) Tj ET Q q 0 0 0 rg BT 103.00 100.50 Td (the ) Tj ET Q q 0 0 0 rg BT 116.71 100.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 149.87 100.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 187.47 100.50 Td (of ) Tj ET Q q 0 0 0 rg BT 197.29 100.50 Td (each ) Tj ET Q q 0 0 0 rg BT 217.11 100.50 Td (reportable ) Tj ET Q q 0 0 0 rg BT 259.14 100.50 Td (segment, ) Tj ET Q q 0 0 0 rg BT 296.46 100.50 Td (total ) Tj ET Q q 0 0 0 rg BT 315.74 100.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.57 100.50 Td (by ) Tj ET Q q 0 0 0 rg BT 352.07 100.50 Td (reportable ) Tj ET Q q 0 0 0 rg BT 394.10 100.50 Td (segment, ) Tj ET Q q 0 0 0 rg BT 431.42 100.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 470.68 100.50 Td (results ) Tj ET Q q 0 0 0 rg BT 498.29 100.50 Td (from ) Tj ET Q q 0 0 0 rg BT 519.23 100.50 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.50 Td (operations, ) Tj ET 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Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (3) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. 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465.97 676.25 Td (which ) Tj ET Q q 0 0 0 rg BT 492.81 676.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 524.63 676.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 676.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.84 664.25 Td (brand-name ) Tj ET Q q 0 0 0 rg BT 150.24 664.25 Td (Pick-n-Pull. ) Tj ET Q q 0 0 0 rg BT 200.36 664.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 225.79 664.25 Td (procures ) Tj ET Q q 0 0 0 rg BT 262.87 664.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 300.50 664.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 335.91 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.00 664.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 373.42 664.25 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 421.04 664.25 Td (used ) Tj ET Q q 0 0 0 rg BT 442.01 664.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 461.88 664.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 483.96 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 506.05 664.25 Td (these ) Tj ET Q q 0 0 0 rg BT 529.24 664.25 Td (vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (through ) Tj ET Q q 0 0 0 rg BT 83.73 652.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.80 652.25 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.80 652.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.42 652.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 157.13 652.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 176.97 652.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 199.03 652.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 224.98 652.25 Td (located ) Tj ET Q q 0 0 0 rg BT 256.47 652.25 Td (across ) Tj ET Q q 0 0 0 rg BT 284.09 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.93 652.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 319.33 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.20 652.25 Td (W) Tj ET Q q 0 0 0 rg BT 344.84 652.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 371.34 652.25 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 406.45 652.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 431.29 652.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 471.68 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 478.74 652.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 516.34 652.25 Td (vehicle, ) Tj ET Q q 0 0 0 rg BT 550.34 652.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 82.84 640.25 Td (catalytic ) Tj ET Q q 0 0 0 rg BT 119.56 640.25 Td (converters, ) Tj ET Q q 0 0 0 rg BT 166.56 640.25 Td (aluminum ) Tj ET Q q 0 0 0 rg BT 209.96 640.25 Td (wheels ) Tj ET Q q 0 0 0 rg BT 240.58 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.88 640.25 Td (batteries ) Tj ET Q q 0 0 0 rg BT 294.60 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.11 640.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 344.72 640.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 390.34 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.63 640.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 426.03 640.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 448.32 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.96 640.25 Td (placing ) Tj ET Q q 0 0 0 rg BT 491.24 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.31 640.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 538.04 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.67 640.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 72.07 628.25 Td (lot. ) Tj ET Q q 0 0 0 rg BT 86.32 628.25 Td (After ) Tj ET Q q 0 0 0 rg BT 108.95 628.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 131.02 628.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 173.10 628.25 Td (have ) Tj ET Q q 0 0 0 rg BT 193.50 628.25 Td (removed ) Tj ET Q q 0 0 0 rg BT 230.02 628.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 260.43 628.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 281.39 628.25 Td (from ) Tj ET Q q 0 0 0 rg BT 302.36 628.25 Td (a ) Tj ET Q q 0 0 0 rg BT 308.33 628.25 Td (vehicle, ) Tj ET Q q 0 0 0 rg BT 341.23 628.25 Td (we ) Tj ET Q q 0 0 0 rg BT 354.42 628.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 385.94 628.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 428.01 628.25 Td (major ) Tj ET Q q 0 0 0 rg BT 452.86 628.25 Td (component ) Tj ET Q q 0 0 0 rg BT 498.83 628.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 519.80 628.25 Td (containing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.61 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.34 616.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 145.95 616.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 185.89 616.25 Td (such ) Tj ET Q q 0 0 0 rg BT 207.51 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 219.14 616.25 Td (engines, ) Tj ET Q q 0 0 0 rg BT 255.47 616.25 Td (transmissions ) Tj ET Q q 0 0 0 rg BT 313.21 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.94 616.25 Td (alternators, ) Tj ET Q q 0 0 0 rg BT 378.94 616.25 Td (which ) Tj ET Q q 0 0 0 rg BT 406.67 616.25 Td (are ) Tj ET Q q 0 0 0 rg BT 422.16 616.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 462.67 616.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 482.63 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.70 616.25 Td (wholesalers. ) Tj ET Q q 0 0 0 rg BT 546.46 616.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 93.80 604.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 140.38 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 155.84 604.25 Td (crushed ) Tj ET Q q 0 0 0 rg BT 190.20 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.90 604.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 242.26 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.30 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 269.88 604.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 299.24 604.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 339.70 604.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 377.39 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 388.42 604.25 Td (be ) Tj ET Q q 0 0 0 rg BT 401.12 604.25 Td (shredded, ) Tj ET Q q 0 0 0 rg BT 442.97 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 454.56 604.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 474.49 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.52 604.25 Td (third ) Tj ET Q q 0 0 0 rg BT 507.67 604.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 537.58 604.25 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (geographically ) Tj ET Q q 0 0 0 rg BT 111.92 592.25 Td (more ) Tj ET Q q 0 0 0 rg BT 134.97 592.25 Td (economical. ) Tj ET Q q 0 0 0 rg BT 186.05 592.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 571.25 Td (o ) Tj ET Q q 0 0 0 rg BT 62.70 571.25 Td (prepare ) Tj ET Q q 0 0 0 rg BT 94.97 571.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 118.36 571.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 145.36 571.25 Td (we ) Tj ET Q q 0 0 0 rg BT 159.31 571.25 Td (crush, ) Tj ET Q q 0 0 0 rg BT 185.77 571.25 Td (sort ) Tj ET Q q 0 0 0 rg BT 203.06 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.79 571.25 Td (bale ) Tj ET Q q 0 0 0 rg BT 238.73 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.24 571.25 Td (material ) Tj ET Q q 0 0 0 rg BT 288.29 571.25 Td (by ) Tj ET Q q 0 0 0 rg BT 300.58 571.25 Td (product ) Tj ET Q q 0 0 0 rg BT 333.42 571.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 357.92 571.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.87 571.25 Td (easier ) Tj ET Q q 0 0 0 rg BT 397.48 571.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 434.77 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.50 571.25 Td (sale. ) Tj ET Q q 0 0 0 rg BT 471.33 571.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 496.40 571.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 537.02 571.25 Td (mixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.64 559.25 Td (lar) Tj ET Q q 0 0 0 rg BT 77.00 559.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 88.64 559.25 Td (pieces ) Tj ET Q q 0 0 0 rg BT 115.82 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.35 559.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 149.65 559.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 174.06 559.25 Td (into ) Tj ET Q q 0 0 0 rg BT 191.82 559.25 Td (smaller ) Tj ET Q q 0 0 0 rg BT 223.45 559.25 Td (pieces ) Tj ET Q q 0 0 0 rg BT 250.63 559.25 Td (by ) Tj ET Q q 0 0 0 rg BT 262.83 559.25 Td (crushing, ) Tj ET Q q 0 0 0 rg BT 301.97 559.25 Td (torching, ) Tj ET Q q 0 0 0 rg BT 339.99 559.25 Td (shearing, ) Tj ET Q q 0 0 0 rg BT 378.57 559.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 420.21 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.84 559.25 Td (sorting, ) Tj ET Q q 0 0 0 rg BT 469.32 559.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 506.51 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.49 559.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 539.79 559.25 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (pieces ) Tj ET Q q 0 0 0 rg BT 78.30 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.94 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.69 547.25 Td (size, ) Tj ET Q q 0 0 0 rg BT 119.05 547.25 Td (density ) Tj ET Q q 0 0 0 rg BT 151.25 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.00 547.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 194.53 547.25 Td (content ) Tj ET Q q 0 0 0 rg BT 227.28 547.25 Td (required ) Tj ET Q q 0 0 0 rg BT 263.90 547.25 Td (by ) Tj ET Q q 0 0 0 rg BT 277.22 547.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 321.08 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.17 547.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 354.91 547.25 Td (their ) Tj ET Q q 0 0 0 rg BT 376.55 547.25 Td (production ) Tj ET Q q 0 0 0 rg BT 423.19 547.25 Td (needs. ) Tj ET Q q 0 0 0 rg BT 451.53 547.25 Td (The ) Tj ET Q q 0 0 0 rg BT 470.39 547.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 532.02 547.25 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 87.06 535.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 124.12 535.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 168.95 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.02 535.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 213.07 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.25 535.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 278.30 535.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 318.69 535.25 Td (through ) Tj ET Q q 0 0 0 rg BT 353.53 535.25 Td (automated ) Tj ET Q q 0 0 0 rg BT 398.92 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.09 535.25 Td (manual ) Tj ET Q q 0 0 0 rg BT 450.26 535.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 492.31 535.25 Td (into ) Tj ET Q q 0 0 0 rg BT 511.61 535.25 Td (various ) Tj ET Q q 0 0 0 rg BT 544.78 535.25 Td (sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (classifications, ) Tj ET Q q 0 0 0 rg BT 111.85 523.25 Td (each ) Tj ET Q q 0 0 0 rg BT 132.87 523.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.90 523.25 Td (which ) Tj ET Q q 0 0 0 rg BT 171.04 523.25 Td (has ) Tj ET Q q 0 0 0 rg BT 187.07 523.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.21 523.25 Td (value ) Tj ET Q q 0 0 0 rg BT 218.57 523.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.71 523.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 260.62 523.25 Td (content ) Tj ET Q q 0 0 0 rg BT 292.76 523.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.79 523.25 Td (importance ) Tj ET Q q 0 0 0 rg BT 351.47 523.25 Td (to ) Tj ET Q q 0 0 0 rg BT 361.95 523.25 Td (dif) Tj ET Q q 0 0 0 rg BT 372.88 523.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 398.90 523.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 442.15 523.25 Td (for ) Tj ET Q q 0 0 0 rg BT 456.51 523.25 Td (their ) Tj ET Q q 0 0 0 rg BT 477.53 523.25 Td (end ) Tj ET Q q 0 0 0 rg BT 494.67 523.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 534.31 523.25 Td (One ) Tj ET Q q 0 0 0 rg BT 553.68 523.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 511.25 Td (most ) Tj ET Q q 0 0 0 rg BT 86.67 511.25 Td (ef) Tj ET Q q 0 0 0 rg BT 94.25 511.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 122.29 511.25 Td (ways ) Tj ET Q q 0 0 0 rg BT 145.35 511.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.63 511.25 Td (process ) Tj ET Q q 0 0 0 rg BT 188.12 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.05 511.25 Td (sort ) Tj ET Q q 0 0 0 rg BT 222.55 511.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 258.92 511.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 282.51 511.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 307.23 511.25 Td (is ) Tj ET Q q 0 0 0 rg BT 316.40 511.25 Td (through ) Tj ET Q q 0 0 0 rg BT 350.00 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.72 511.25 Td (use ) Tj ET Q q 0 0 0 rg BT 380.55 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.38 511.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 433.32 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.26 511.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 493.85 511.25 Td (systems. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.55 490.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 111.63 490.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 137.16 490.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 158.80 490.25 Td (water ) Tj ET Q q 0 0 0 rg BT 183.78 490.25 Td (port ) Tj ET Q q 0 0 0 rg BT 202.65 490.25 Td (locations, ) Tj ET Q q 0 0 0 rg BT 244.02 490.25 Td (six ) Tj ET Q q 0 0 0 rg BT 258.45 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.55 490.25 Td (which ) Tj ET Q q 0 0 0 rg BT 296.75 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 311.73 490.25 Td (equipped ) Tj ET Q q 0 0 0 rg BT 351.15 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 371.69 490.25 Td (lar) Tj ET Q q 0 0 0 rg BT 382.06 490.25 Td (ge-scale ) Tj ET Q q 0 0 0 rg BT 417.57 490.25 Td (shredders. ) Tj ET Q q 0 0 0 rg BT 461.16 490.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 479.48 490.25 Td (lar) Tj ET Q q 0 0 0 rg BT 489.84 490.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 508.72 490.25 Td (port ) Tj ET Q q 0 0 0 rg BT 527.59 490.25 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.53 478.25 Td (Everett, ) Tj ET Q q 0 0 0 rg BT 94.65 478.25 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 157.95 478.25 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 197.09 478.25 Td (Oregon; ) Tj ET Q q 0 0 0 rg BT 232.61 478.25 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 271.74 478.25 Td (California; ) Tj ET Q q 0 0 0 rg BT 317.81 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.80 478.25 Td (T) Tj ET Q q 0 0 0 rg BT 340.21 478.25 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 371.36 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 380.00 478.25 Td (ashington ) Tj ET Q q 0 0 0 rg BT 421.63 478.25 Td (each ) Tj ET Q q 0 0 0 rg BT 442.70 478.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 474.88 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.07 478.25 Td (mega-shredder ) Tj ET Q q 0 0 0 rg BT 544.23 478.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (7,000 ) Tj ET Q q 0 0 0 rg BT 74.91 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 85.10 466.25 Td (9,000 ) Tj ET Q q 0 0 0 rg BT 110.01 466.25 Td (horsepower) Tj ET Q q 0 0 0 rg BT 156.11 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 161.03 466.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 178.99 466.25 Td (port ) Tj ET Q q 0 0 0 rg BT 197.51 466.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 234.35 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.54 466.25 Td (Salinas, ) Tj ET Q q 0 0 0 rg BT 278.34 466.25 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 306.86 466.25 Td (Rico ) Tj ET Q q 0 0 0 rg BT 328.16 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.01 466.25 Td (Kapolei, ) Tj ET Q q 0 0 0 rg BT 381.58 466.25 Td (Hawaii ) Tj ET Q q 0 0 0 rg BT 412.87 466.25 Td (each ) Tj ET Q q 0 0 0 rg BT 433.59 466.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 465.43 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.28 466.25 Td (shredder ) Tj ET Q q 0 0 0 rg BT 509.12 466.25 Td (with ) Tj ET Q q 0 0 0 rg BT 529.31 466.25 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 554.22 466.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (6,000 ) Tj ET Q q 0 0 0 rg BT 75.04 454.25 Td (horsepower) Tj ET Q q 0 0 0 rg BT 121.14 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 126.17 454.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 144.26 454.25 Td (port ) Tj ET Q q 0 0 0 rg BT 162.91 454.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 193.77 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.09 454.25 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 254.11 454.25 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 282.76 454.25 Td (Island ) Tj ET Q q 0 0 0 rg BT 309.73 454.25 Td (does ) Tj ET Q q 0 0 0 rg BT 330.60 454.25 Td (not ) Tj ET Q q 0 0 0 rg BT 345.92 454.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 377.88 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.86 454.25 Td (shredder) Tj ET Q q 0 0 0 rg BT 418.73 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 423.77 454.25 Td (In ) Tj ET Q q 0 0 0 rg BT 434.64 454.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 458.83 454.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 483.87 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 498.07 454.25 Td (idled ) Tj ET Q q 0 0 0 rg BT 520.60 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.58 454.25 Td (shredder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.82 442.25 Td (Concord, ) Tj ET Q q 0 0 0 rg BT 100.80 442.25 Td (New ) Tj ET Q q 0 0 0 rg BT 122.72 442.25 Td (Hampshire, ) Tj ET Q q 0 0 0 rg BT 172.14 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.62 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.44 442.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 225.13 442.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 250.68 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.38 442.25 Td (idled ) Tj ET Q q 0 0 0 rg BT 288.41 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 295.89 442.25 Td (shredder ) Tj ET Q q 0 0 0 rg BT 333.36 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.18 442.25 Td (Johnston, ) Tj ET Q q 0 0 0 rg BT 385.28 442.25 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 414.43 442.25 Td (Island ) Tj ET Q q 0 0 0 rg BT 441.91 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.39 442.25 Td (another ) Tj ET Q q 0 0 0 rg BT 492.42 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.24 442.25 Td (Surrey) Tj ET Q q 0 0 0 rg BT 529.25 442.25 Td (, ) Tj ET Q q 0 0 0 rg BT 534.79 442.25 Td (British ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 92.03 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.39 430.25 Td (more ) Tj ET Q q 0 0 0 rg BT 125.52 430.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 156.43 430.25 Td (align ) Tj ET Q q 0 0 0 rg BT 179.00 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 194.92 430.25 Td (business ) Tj ET Q q 0 0 0 rg BT 231.39 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.75 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.55 430.25 Td (prevalent ) Tj ET Q q 0 0 0 rg BT 296.34 430.25 Td (market ) Tj ET Q q 0 0 0 rg BT 326.68 430.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 373.43 430.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 391.57 430.25 Td (shredders ) Tj ET Q q 0 0 0 rg BT 432.47 430.25 Td (are ) Tj ET Q q 0 0 0 rg BT 447.26 430.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 485.39 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.75 430.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 528.88 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 535.90 430.25 Td (denser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (product ) Tj ET Q q 0 0 0 rg BT 84.22 418.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 104.82 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.27 418.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 167.15 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 188.60 418.25 Td (advanced ) Tj ET Q q 0 0 0 rg BT 230.02 418.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 274.79 418.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 323.17 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 331.28 418.25 Td (more ) Tj ET Q q 0 0 0 rg BT 355.49 418.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 387.48 418.25 Td (form ) Tj ET Q q 0 0 0 rg BT 410.59 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.59 418.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 454.58 418.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 479.34 418.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 505.22 418.25 Td (which ) Tj ET Q q 0 0 0 rg BT 533.33 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 543.67 418.25 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 406.25 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 93.16 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 105.41 406.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 125.98 406.25 Td (mills ) Tj ET Q q 0 0 0 rg BT 148.24 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.27 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.73 406.25 Td (production ) Tj ET Q q 0 0 0 rg BT 218.31 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.89 406.25 Td (new ) Tj ET Q q 0 0 0 rg BT 247.80 406.25 Td (steel. ) Tj ET Q q 0 0 0 rg BT 270.71 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 288.51 406.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 330.20 406.25 Td (process ) Tj ET Q q 0 0 0 rg BT 362.44 406.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 395.22 406.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 440.80 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.49 406.25 Td (other ) Tj ET Q q 0 0 0 rg BT 480.28 406.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 503.63 406.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 528.10 406.25 Td (into ) Tj ET Q q 0 0 0 rg BT 545.90 406.25 Td (fist-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (size ) Tj ET Q q 0 0 0 rg BT 68.63 394.25 Td (pieces ) Tj ET Q q 0 0 0 rg BT 96.70 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.11 394.25 Td (shredded ) Tj ET Q q 0 0 0 rg BT 147.29 394.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 184.24 394.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 208.42 394.25 Td (metal. ) Tj ET Q q 0 0 0 rg BT 235.99 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 254.62 394.25 Td (shredded ) Tj ET Q q 0 0 0 rg BT 293.80 394.25 Td (material ) Tj ET Q q 0 0 0 rg BT 329.64 394.25 Td (is ) Tj ET Q q 0 0 0 rg BT 339.39 394.25 Td (then ) Tj ET Q q 0 0 0 rg BT 359.69 394.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 390.53 394.25 Td (by ) Tj ET Q q 0 0 0 rg BT 403.61 394.25 Td (conveyor ) Tj ET Q q 0 0 0 rg BT 443.90 394.25 Td (under ) Tj ET Q q 0 0 0 rg BT 469.75 394.25 Td (magnetized ) Tj ET Q q 0 0 0 rg BT 518.92 394.25 Td (drums ) Tj ET Q q 0 0 0 rg BT 547.01 394.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 77.66 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.56 382.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 123.56 382.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 147.33 382.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 172.23 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.34 382.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 224.78 382.25 Td (it ) Tj ET Q q 0 0 0 rg BT 233.01 382.25 Td (from ) Tj ET Q q 0 0 0 rg BT 255.13 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.03 382.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 316.03 382.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 339.81 382.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 364.70 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.82 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 405.04 382.25 Td (residue ) Tj ET Q q 0 0 0 rg BT 436.60 382.25 Td (found ) Tj ET Q q 0 0 0 rg BT 462.61 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 473.07 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.96 382.25 Td (shredded ) Tj ET Q q 0 0 0 rg BT 526.74 382.25 Td (material, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.70 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.19 370.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.33 370.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 148.04 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.18 370.25 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 216.77 370.25 Td (shredded ) Tj ET Q q 0 0 0 rg BT 255.58 370.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 286.61 370.25 Td (product. ) Tj ET Q q 0 0 0 rg BT 322.17 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 340.42 370.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 386.45 370.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 410.25 370.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 435.17 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.32 370.25 Td (residue ) Tj ET Q q 0 0 0 rg BT 483.90 370.25 Td (then ) Tj ET Q q 0 0 0 rg BT 503.83 370.25 Td (pass ) Tj ET Q q 0 0 0 rg BT 523.76 370.25 Td (through ) Tj ET Q q 0 0 0 rg BT 557.57 370.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (series ) Tj ET Q q 0 0 0 rg BT 76.72 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.01 358.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 132.95 358.25 Td (mechanical ) Tj ET Q q 0 0 0 rg BT 182.43 358.25 Td (sorting ) Tj ET Q q 0 0 0 rg BT 214.17 358.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 249.79 358.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 289.29 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.03 358.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 337.73 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.91 358.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 401.18 358.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 427.35 358.25 Td (from ) Tj ET Q q 0 0 0 rg BT 450.74 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.91 358.25 Td (residue. ) Tj ET Q q 0 0 0 rg BT 501.96 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 521.46 358.25 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 95.85 346.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 120.58 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 129.78 346.25 Td (then ) Tj ET Q q 0 0 0 rg BT 149.52 346.25 Td (further ) Tj ET Q q 0 0 0 rg BT 179.26 346.25 Td (sorted ) Tj ET Q q 0 0 0 rg BT 206.22 346.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.75 346.25 Td (product ) Tj ET Q q 0 0 0 rg BT 251.82 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.78 346.25 Td (size ) Tj ET Q q 0 0 0 rg BT 286.86 346.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 311.59 346.25 Td (before ) Tj ET Q q 0 0 0 rg BT 339.65 346.25 Td (being ) Tj ET Q q 0 0 0 rg BT 364.39 346.25 Td (sold. ) Tj ET Q q 0 0 0 rg BT 385.53 346.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 410.84 346.25 Td (invests ) Tj ET Q q 0 0 0 rg BT 441.15 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 451.45 346.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 497.30 346.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 522.03 346.25 Td (extraction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 334.25 Td (separation ) Tj ET Q q 0 0 0 rg BT 109.36 334.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 161.82 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 334.25 Td (order ) Tj ET Q q 0 0 0 rg BT 194.53 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.22 334.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 245.57 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.70 334.25 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 317.14 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.39 334.25 Td (valuable ) Tj ET Q q 0 0 0 rg BT 363.18 334.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 408.41 334.25 Td (metal. ) Tj ET Q q 0 0 0 rg BT 434.62 334.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 459.31 334.25 Td (also ) Tj ET Q q 0 0 0 rg BT 477.34 334.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 518.68 334.25 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.40 322.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 107.13 322.25 Td (from ) Tj ET Q q 0 0 0 rg BT 128.76 322.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 168.73 322.25 Td (vendors ) Tj ET Q q 0 0 0 rg BT 202.58 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.20 322.25 Td (other ) Tj ET Q q 0 0 0 rg BT 241.94 322.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 280.24 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.87 322.25 Td (prepares ) Tj ET Q q 0 0 0 rg BT 332.92 322.25 Td (this ) Tj ET Q q 0 0 0 rg BT 349.56 322.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 373.96 322.25 Td (for ) Tj ET Q q 0 0 0 rg BT 387.81 322.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 426.67 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.64 322.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 479.38 322.25 Td (by ) Tj ET Q q 0 0 0 rg BT 491.56 322.25 Td (ship, ) Tj ET Q q 0 0 0 rg BT 512.92 322.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 528.44 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 538.96 322.25 Td (truck.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 299.9169921875 m 85.7373046875 299.9169921875 l s q 0 0 0 rg BT 50.00 301.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 301.25 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 81.20 286.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 115.58 286.25 Td (products ) Tj ET Q q 0 0 0 rg BT 152.74 286.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 183.24 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.30 286.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 230.88 286.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 261.93 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.09 286.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 325.13 286.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 348.96 286.25 Td (metal. ) Tj ET Q q 0 0 0 rg BT 376.39 286.25 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 409.67 286.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 433.49 286.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 458.42 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 467.82 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 474.98 286.25 Td (key ) Tj ET Q q 0 0 0 rg BT 492.14 286.25 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 533.18 286.25 Td (used ) Tj ET Q q 0 0 0 rg BT 554.23 286.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 274.25 Td (production ) Tj ET Q q 0 0 0 rg BT 111.02 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.09 274.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 157.04 274.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 178.11 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.28 274.25 Td (is ) Tj ET Q q 0 0 0 rg BT 204.69 274.25 Td (lar) Tj ET Q q 0 0 0 rg BT 215.06 274.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 235.01 274.25 Td (categorized ) Tj ET Q q 0 0 0 rg BT 283.83 274.25 Td (into ) Tj ET Q q 0 0 0 rg BT 302.12 274.25 Td (heavy ) Tj ET Q q 0 0 0 rg BT 328.74 274.25 Td (melting ) Tj ET Q q 0 0 0 rg BT 362.03 274.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 383.09 274.25 Td (\(HMS\), ) Tj ET Q q 0 0 0 rg BT 425.54 274.25 Td (plate ) Tj ET Q q 0 0 0 rg BT 447.71 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.89 274.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 505.39 274.25 Td (\(bonus\) ) Tj ET Q q 0 0 0 rg BT 547.56 274.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (shredded ) Tj ET Q q 0 0 0 rg BT 87.40 262.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 109.80 262.25 Td (\(shred\), ) Tj ET Q q 0 0 0 rg BT 150.80 262.25 Td (although ) Tj ET Q q 0 0 0 rg BT 187.09 262.25 Td (there ) Tj ET Q q 0 0 0 rg BT 208.38 262.25 Td (are ) Tj ET Q q 0 0 0 rg BT 221.89 262.25 Td (various ) Tj ET Q q 0 0 0 rg BT 252.63 262.25 Td (grades ) Tj ET Q q 0 0 0 rg BT 280.03 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.66 262.25 Td (each ) Tj ET Q q 0 0 0 rg BT 309.28 262.25 Td (category ) Tj ET Q q 0 0 0 rg BT 345.00 262.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 387.96 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 399.26 262.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 422.77 262.25 Td (content ) Tj ET Q q 0 0 0 rg BT 453.51 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.25 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.77 262.25 Td (size ) Tj ET Q q 0 0 0 rg BT 499.61 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.35 262.25 Td (consistency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.90 250.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 106.02 250.25 Td (pieces. ) Tj ET Q q 0 0 0 rg BT 136.82 250.25 Td (These ) Tj ET Q q 0 0 0 rg BT 164.27 250.25 Td (attributes ) Tj ET Q q 0 0 0 rg BT 205.05 250.25 Td (af) Tj ET Q q 0 0 0 rg BT 212.64 250.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 231.20 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.98 250.25 Td (product) Tj ET Q q 0 0 0 rg BT 280.31 250.25 Td (s ) Tj ET Q q 0 0 0 rg BT 287.77 250.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 321.32 250.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 349.05 250.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 368.17 250.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 415.06 250.25 Td (products ) Tj ET Q q 0 0 0 rg BT 453.07 250.25 Td (include ) Tj ET Q q 0 0 0 rg BT 486.08 250.25 Td (aluminum, ) Tj ET Q q 0 0 0 rg BT 532.70 250.25 Td (copper) Tj ET Q q 0 0 0 rg BT 559.50 250.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (stainless ) Tj ET Q q 0 0 0 rg BT 86.28 238.25 Td (steel, ) Tj ET Q q 0 0 0 rg BT 109.50 238.25 Td (nickel, ) Tj ET Q q 0 0 0 rg BT 138.83 238.25 Td (brass, ) Tj ET Q q 0 0 0 rg BT 164.28 238.25 Td (titanium, ) Tj ET Q q 0 0 0 rg BT 202.51 238.25 Td (lead, ) Tj ET Q q 0 0 0 rg BT 224.06 238.25 Td (high ) Tj ET Q q 0 0 0 rg BT 244.24 238.25 Td (temperature ) Tj ET Q q 0 0 0 rg BT 294.38 238.25 Td (alloys ) Tj ET Q q 0 0 0 rg BT 320.67 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.50 238.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 358.23 238.25 Td (products ) Tj ET Q q 0 0 0 rg BT 395.07 238.25 Td (such ) Tj ET Q q 0 0 0 rg BT 415.79 238.25 Td (as ) Tj ET Q q 0 0 0 rg BT 426.52 238.25 Td (zorba ) Tj ET Q q 0 0 0 rg BT 451.12 238.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 494.06 238.25 Td (mixed ) Tj ET Q q 0 0 0 rg BT 521.45 238.25 Td (aluminum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 95.82 226.25 Td (material\) ) Tj ET Q q 0 0 0 rg BT 134.41 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.35 226.25 Td (zurik ) Tj ET Q q 0 0 0 rg BT 174.39 226.25 Td (\(predominantly ) Tj ET Q q 0 0 0 rg BT 238.54 226.25 Td (stainless ) Tj ET Q q 0 0 0 rg BT 274.93 226.25 Td (steel\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 72.08 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.94 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.24 205.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 137.76 205.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 171.87 205.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 196.74 205.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 216.60 205.25 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 263.65 205.25 Td (used ) Tj ET Q q 0 0 0 rg BT 284.06 205.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 303.36 205.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 324.88 205.25 Td (from ) Tj ET Q q 0 0 0 rg BT 346.40 205.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 383.47 205.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 418.31 205.25 Td (through ) Tj ET Q q 0 0 0 rg BT 451.50 205.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.03 205.25 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.03 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 475.11 205.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 523.28 205.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.58 205.25 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 76.39 193.25 Td (located ) Tj ET Q q 0 0 0 rg BT 108.32 193.25 Td (across ) Tj ET Q q 0 0 0 rg BT 136.37 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.65 193.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 172.49 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.76 193.25 Td (W) Tj ET Q q 0 0 0 rg BT 198.40 193.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 225.34 193.25 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 260.88 193.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 283.93 193.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 333.07 193.25 Td (store ) Tj ET Q q 0 0 0 rg BT 355.57 193.25 Td (of) Tj ET Q q 0 0 0 rg BT 363.72 193.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 381.77 193.25 Td (an ) Tj ET Q q 0 0 0 rg BT 394.26 193.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 435.09 193.25 Td (selection ) Tj ET Q q 0 0 0 rg BT 473.69 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.08 193.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 520.90 193.25 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 89.07 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.47 181.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 138.31 181.25 Td (cars, ) Tj ET Q q 0 0 0 rg BT 159.88 181.25 Td (vans ) Tj ET Q q 0 0 0 rg BT 181.17 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.58 181.25 Td (light ) Tj ET Q q 0 0 0 rg BT 219.88 181.25 Td (trucks\) ) Tj ET Q q 0 0 0 rg BT 250.61 181.25 Td (from ) Tj ET Q q 0 0 0 rg BT 273.02 181.25 Td (which ) Tj ET Q q 0 0 0 rg BT 300.42 181.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 343.93 181.25 Td (can ) Tj ET Q q 0 0 0 rg BT 360.77 181.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 393.73 181.25 Td (parts. ) Tj ET Q q 0 0 0 rg BT 418.41 181.25 Td (W) Tj ET Q q 0 0 0 rg BT 427.05 181.25 Td (e ) Tj ET Q q 0 0 0 rg BT 434.46 181.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 467.42 181.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 514.81 181.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 97.49 169.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 132.21 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.04 169.25 Td (centrally ) Tj ET Q q 0 0 0 rg BT 181.08 169.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 215.22 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.71 169.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 265.19 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.46 169.25 Td (geographically ) Tj ET Q q 0 0 0 rg BT 342.93 169.25 Td (diverse ) Tj ET Q q 0 0 0 rg BT 374.86 169.25 Td (network ) Tj ET Q q 0 0 0 rg BT 410.69 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.07 169.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 442.34 169.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 464.83 169.25 Td (stores, ) Tj ET Q q 0 0 0 rg BT 493.71 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.21 169.25 Td (we ) Tj ET Q q 0 0 0 rg BT 525.92 169.25 Td (regularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (rotate ) Tj ET Q q 0 0 0 rg BT 75.19 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.83 157.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 130.58 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.78 157.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 173.75 157.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 203.92 157.25 Td (access ) Tj ET Q q 0 0 0 rg BT 231.89 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.09 157.25 Td (parts. ) Tj ET Q q 0 0 0 rg BT 266.45 157.25 Td (In ) Tj ET Q q 0 0 0 rg BT 277.20 157.25 Td (general, ) Tj ET Q q 0 0 0 rg BT 311.55 157.25 Td (we ) Tj ET Q q 0 0 0 rg BT 325.63 157.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 356.93 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.57 157.25 Td (list ) Tj ET Q q 0 0 0 rg BT 386.22 157.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 412.52 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.27 157.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 442.91 157.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 464.77 157.25 Td (at ) Tj ET Q q 0 0 0 rg BT 474.41 157.25 Td (our ) Tj ET Q q 0 0 0 rg BT 490.17 157.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 538.67 157.25 Td (stores ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 145.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 117.20 145.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 142.47 145.25 Td (than ) Tj ET Q q 0 0 0 rg BT 162.18 145.25 Td (those ) Tj ET Q q 0 0 0 rg BT 185.79 145.25 Td (of) Tj ET Q q 0 0 0 rg BT 193.94 145.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 216.98 145.25 Td (at ) Tj ET Q q 0 0 0 rg BT 226.69 145.25 Td (full-service ) Tj ET Q q 0 0 0 rg BT 274.73 145.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 294.44 145.25 Td (dismantlers, ) Tj ET Q q 0 0 0 rg BT 345.55 145.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 368.59 145.25 Td (car ) Tj ET Q q 0 0 0 rg BT 383.30 145.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 405.23 145.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 431.06 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.00 145.25 Td (car ) Tj ET Q q 0 0 0 rg BT 462.71 145.25 Td (dealerships. ) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (4) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 92.783203125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.93 727.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 96.85 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 109.44 727.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 140.90 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.48 727.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 204.94 727.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 241.95 727.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 267.30 727.10 Td (products ) Tj ET Q q 0 0 0 rg BT 304.88 727.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 340.80 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.72 727.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 373.18 727.10 Td (mills, ) Tj ET Q q 0 0 0 rg BT 398.83 727.10 Td (foundries ) Tj ET Q q 0 0 0 rg BT 439.74 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.32 727.10 Td (smelters, ) Tj ET Q q 0 0 0 rg BT 496.29 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.87 727.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 549.79 727.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.42 715.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 103.63 715.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 120.72 715.10 Td (material ) Tj ET Q q 0 0 0 rg BT 155.59 715.10 Td (required ) Tj ET Q q 0 0 0 rg BT 191.01 715.10 Td (by ) Tj ET Q q 0 0 0 rg BT 203.11 715.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 226.34 715.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.22 715.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 270.53 715.10 Td (steel. ) Tj ET Q q 0 0 0 rg BT 293.00 715.10 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 323.58 715.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 371.77 715.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 391.09 715.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 412.63 715.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 438.07 715.10 Td (also ) Tj ET Q q 0 0 0 rg BT 456.28 715.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 479.48 715.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 502.13 715.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 544.78 715.10 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.97 703.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 102.72 703.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 149.92 703.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 183.23 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.77 703.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 221.52 703.10 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 269.25 703.10 Td (used ) Tj ET Q q 0 0 0 rg BT 290.34 703.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 310.32 703.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 332.52 703.10 Td (at ) Tj ET Q q 0 0 0 rg BT 342.50 703.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.70 703.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 399.66 703.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 424.91 703.10 Td (Retail ) Tj ET Q q 0 0 0 rg BT 451.55 703.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 494.86 703.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 527.60 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.58 703.10 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (without ) Tj ET Q q 0 0 0 rg BT 83.06 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.77 691.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 140.26 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.09 691.10 Td (store ) Tj ET Q q 0 0 0 rg BT 173.03 691.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 218.29 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.23 691.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 252.17 691.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.11 691.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 283.27 691.10 Td (price ) Tj ET Q q 0 0 0 rg BT 305.76 691.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.92 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.63 691.10 Td (part. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Presented ) Tj ET Q q 0 0 0 rg BT 90.97 670.10 Td (below ) Tj ET Q q 0 0 0 rg BT 117.50 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.34 670.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 156.22 670.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 193.85 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 205.95 670.10 Td (continent ) Tj ET Q q 0 0 0 rg BT 245.26 670.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 264.29 670.10 Td (separately) Tj ET Q q 0 0 0 rg BT 304.17 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.77 670.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 346.40 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 367.93 670.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 389.46 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.34 670.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 425.06 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.81 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.12 670.10 Td (last ) Tj ET Q q 0 0 0 rg BT 469.10 670.10 Td (three ) Tj ET Q q 0 0 0 rg BT 491.18 670.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 514.93 670.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.13 670.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 93.89 658.10 Td (\(dollars ) Tj ET Q q 0 0 0 rg BT 126.94 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.22 658.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 623.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 623.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 623.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 623.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 623.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 623.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 623.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 623.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 623.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 623.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 623.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 623.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 593.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 593.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 593.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 593.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 593.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 593.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 593.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 593.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 593.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 593.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 593.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 563.60 63.00 -15.00 re f 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0.9333333333333333 1 rg /GS0 gs 273.50 533.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 533.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 533.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 533.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 533.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 533.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 533.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 533.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 533.60 45.00 -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 206.5 623.6 m 269.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 623.6 m 318.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 623.6 m 391.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 623.6 m 440.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 623.6 m 513.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 623.6 m 562.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 623.6 m 269.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 623.6 m 318.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 623.6 m 391.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 623.6 m 440.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 623.6 m 513.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 623.6 m 562.5 623.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 533.6 m 269.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 533.6 m 391.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 533.6 m 513.5 533.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 518.6 m 269.5 518.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 518.6 m 391.5 518.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 518.6 m 513.5 518.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.50 628.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.05 638.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.15 628.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 628.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.05 638.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.15 628.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 628.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.05 638.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 628.28 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.27 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 613.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 613.27 Td (514,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 613.27 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 613.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 613.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 613.27 Td (769,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 613.27 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 613.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 613.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 613.27 Td (896,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 613.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 613.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.27 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 598.27 Td (461,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 598.27 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 598.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 598.27 Td (631,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 598.27 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 598.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 598.27 Td (1,056,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 598.27 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 598.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.27 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.88 587.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 583.27 Td (174,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 583.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 583.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 583.27 Td (234,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 583.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 583.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 583.27 Td (285,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 583.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 583.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 568.27 Td (Africa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 568.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 568.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 568.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 568.27 Td (61,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.30 568.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 568.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 568.27 Td (76,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 568.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 568.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 553.27 Td (South America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 553.27 Td (23,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.30 553.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 553.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 553.27 Td (18,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.30 553.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 553.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 553.27 Td (19,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 553.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 553.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.27 Td (Sales to SMB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.80 538.27 Td (\(90,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.95 538.27 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.30 538.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.80 538.32 Td (\(175,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.95 538.27 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 538.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 538.32 Td (\(188,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 538.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 538.27 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 538.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 523.27 Td (Total \(net of intercompany\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 523.27 Td (1,082,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 523.27 Td (1,540,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 523.27 Td (2,146,286) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 509.50 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 499.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 499.90 Td (Includes ) Tj ET Q q 0 0 0 rg BT 97.10 499.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 114.65 499.90 Td (to ) Tj ET Q q 0 0 0 rg BT 122.88 499.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 157.31 499.90 Td (in ) Tj ET Q q 0 0 0 rg BT 165.39 499.90 Td (T) Tj ET Q q 0 0 0 rg BT 170.00 499.90 Td (urkey) Tj ET Q q 0 0 0 rg BT 187.69 499.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.90 Td (In ) Tj ET Q q 0 0 0 rg BT 61.14 478.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 478.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.60 478.90 Td (, ) Tj ET Q q 0 0 0 rg BT 110.91 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 125.93 478.90 Td (five ) Tj ET Q q 0 0 0 rg BT 144.28 478.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 183.74 478.90 Td (from ) Tj ET Q q 0 0 0 rg BT 205.99 478.90 Td (which ) Tj ET Q q 0 0 0 rg BT 232.61 478.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 258.20 478.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 291.00 478.90 Td (its ) Tj ET Q q 0 0 0 rg BT 303.25 478.90 Td (lar) Tj ET Q q 0 0 0 rg BT 313.62 478.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 332.53 478.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 370.88 478.90 Td (from ) Tj ET Q q 0 0 0 rg BT 393.12 478.90 Td (external ) Tj ET Q q 0 0 0 rg BT 428.13 478.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 471.48 478.90 Td (were ) Tj ET Q q 0 0 0 rg BT 493.72 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 508.74 478.90 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 531.63 478.90 Td (T) Tj ET Q q 0 0 0 rg BT 537.39 478.90 Td (urkey) Tj ET Q q 0 0 0 rg BT 559.51 478.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.90 Td (China, ) Tj ET Q q 0 0 0 rg BT 78.63 466.90 Td (India ) Tj ET Q q 0 0 0 rg BT 101.42 466.90 Td (and ) Tj ET Q q 0 0 0 rg BT 118.10 466.90 Td (South ) Tj ET Q q 0 0 0 rg BT 143.69 466.90 Td (Korea, ) Tj ET Q q 0 0 0 rg BT 172.86 466.90 Td (which ) Tj ET Q q 0 0 0 rg BT 199.54 466.90 Td (collectively ) Tj ET Q q 0 0 0 rg BT 248.43 466.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 291.21 466.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.11 466.90 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.44 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 325.68 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 336.26 466.90 Td (total ) Tj ET Q q 0 0 0 rg BT 355.78 466.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 380.81 466.90 Td (external ) Tj ET Q q 0 0 0 rg BT 415.25 466.90 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 451.64 466.90 Td (In ) Tj ET Q q 0 0 0 rg BT 462.21 466.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.11 466.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.11 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 508.36 466.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.04 466.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.04 466.90 Td (, ) Tj ET Q q 0 0 0 rg BT 549.78 466.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.90 Td (five ) Tj ET Q q 0 0 0 rg BT 68.14 454.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 107.40 454.90 Td (from ) Tj ET Q q 0 0 0 rg BT 129.43 454.90 Td (which ) Tj ET Q q 0 0 0 rg BT 155.89 454.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 181.27 454.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 213.85 454.90 Td (its ) Tj ET Q q 0 0 0 rg BT 225.90 454.90 Td (lar) Tj ET Q q 0 0 0 rg BT 236.27 454.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 254.97 454.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 293.10 454.90 Td (from ) Tj ET Q q 0 0 0 rg BT 315.14 454.90 Td (external ) Tj ET Q q 0 0 0 rg BT 349.94 454.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 393.08 454.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 436.21 454.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.47 454.90 Td (82%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 454.90 Td ( ) Tj ET Q q 0 0 0 rg BT 471.39 454.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.43 454.90 Td (81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.76 454.90 Td (, ) Tj ET Q q 0 0 0 rg BT 511.86 454.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.52 454.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.90 Td (of ) Tj ET Q q 0 0 0 rg BT 61.40 442.90 Td (total ) Tj ET Q q 0 0 0 rg BT 81.57 442.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 107.42 442.90 Td (external ) Tj ET Q q 0 0 0 rg BT 142.69 442.90 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 179.69 442.90 Td (W) Tj ET Q q 0 0 0 rg BT 188.32 442.90 Td (e ) Tj ET Q q 0 0 0 rg BT 195.83 442.90 Td (attribute ) Tj ET Q q 0 0 0 rg BT 232.22 442.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 270.83 442.90 Td (from ) Tj ET Q q 0 0 0 rg BT 293.34 442.90 Td (external ) Tj ET Q q 0 0 0 rg BT 328.61 442.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 372.23 442.90 Td (to ) Tj ET Q q 0 0 0 rg BT 383.08 442.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 426.70 442.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 466.43 442.90 Td (based ) Tj ET Q q 0 0 0 rg BT 492.26 442.90 Td (on ) Tj ET Q q 0 0 0 rg BT 505.33 442.90 Td (the ) Tj ET Q q 0 0 0 rg BT 520.62 442.90 Td (country ) Tj ET Q q 0 0 0 rg BT 554.24 442.90 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.90 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 430.90 Td (the ) Tj ET Q q 0 0 0 rg BT 91.66 430.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 130.81 430.90 Td (takes ) Tj ET Q q 0 0 0 rg BT 153.86 430.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 189.12 430.90 Td (of ) Tj ET Q q 0 0 0 rg BT 199.95 430.90 Td (the ) Tj ET Q q 0 0 0 rg BT 214.67 430.90 Td (goods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.90 Td (AMR) Tj ET Q q 0 0 0 rg BT 75.56 409.90 Td (s ) Tj ET Q q 0 0 0 rg BT 81.44 409.90 Td (five ) Tj ET Q q 0 0 0 rg BT 98.97 409.90 Td (lar) Tj ET Q q 0 0 0 rg BT 109.34 409.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 127.43 409.90 Td (external ) Tj ET Q q 0 0 0 rg BT 161.62 409.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 191.92 409.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 215.00 409.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 239.20 409.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 281.73 409.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 324.25 409.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.90 409.90 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.23 409.90 Td ( ) Tj ET Q q 0 0 0 rg BT 358.21 409.90 Td (of ) Tj ET Q q 0 0 0 rg BT 368.53 409.90 Td (external ) Tj ET Q q 0 0 0 rg BT 402.71 409.90 Td (recycled ) Tj ET Q q 0 0 0 rg BT 438.56 409.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 468.86 409.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 493.06 409.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.58 409.90 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 409.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 397.90 Td (, ) Tj ET Q q 0 0 0 rg BT 74.99 397.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 116.90 397.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.16 397.90 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.49 397.90 Td ( ) Tj ET Q q 0 0 0 rg BT 147.98 397.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.90 397.90 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.23 397.90 Td ( ) Tj ET Q q 0 0 0 rg BT 185.72 397.90 Td (in ) Tj ET Q q 0 0 0 rg BT 195.99 397.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.13 397.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.13 397.90 Td ( ) Tj ET Q q 0 0 0 rg BT 242.62 397.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.54 397.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.54 397.90 Td (, ) Tj ET Q q 0 0 0 rg BT 284.53 397.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 332.19 397.90 Td (. ) Tj ET Q q 0 0 0 rg BT 336.63 397.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 361.90 397.90 Td (had ) Tj ET Q q 0 0 0 rg BT 378.82 397.90 Td (no ) Tj ET Q q 0 0 0 rg BT 391.31 397.90 Td (external ) Tj ET Q q 0 0 0 rg BT 426.00 397.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 469.03 397.90 Td (that ) Tj ET Q q 0 0 0 rg BT 486.51 397.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 529.53 397.90 Td (for ) Tj ET Q q 0 0 0 rg BT 543.68 397.90 Td (10% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.90 Td (or ) Tj ET Q q 0 0 0 rg BT 61.19 385.90 Td (more ) Tj ET Q q 0 0 0 rg BT 84.60 385.90 Td (of ) Tj ET Q q 0 0 0 rg BT 95.79 385.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 149.19 385.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 187.59 385.90 Td (in ) Tj ET Q q 0 0 0 rg BT 198.23 385.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.75 385.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 248.11 385.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 270.97 385.90 Td (and ) Tj ET Q q 0 0 0 rg BT 288.27 385.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.27 385.90 Td (. ) Tj ET Q q 0 0 0 rg BT 313.63 385.90 Td (Customer ) Tj ET Q q 0 0 0 rg BT 355.38 385.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 393.78 385.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 430.53 385.90 Td (of ) Tj ET Q q 0 0 0 rg BT 441.72 385.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 472.90 385.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 496.86 385.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 521.93 385.90 Td (vary ) Tj ET Q q 0 0 0 rg BT 542.56 385.90 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.90 Td (year ) Tj ET Q q 0 0 0 rg BT 69.23 373.90 Td (to ) Tj ET Q q 0 0 0 rg BT 79.04 373.90 Td (year ) Tj ET Q q 0 0 0 rg BT 98.27 373.90 Td (due ) Tj ET Q q 0 0 0 rg BT 114.73 373.90 Td (to ) Tj ET Q q 0 0 0 rg BT 124.54 373.90 Td (the ) Tj ET Q q 0 0 0 rg BT 138.78 373.90 Td (level ) Tj ET Q q 0 0 0 rg BT 160.24 373.90 Td (of ) Tj ET Q q 0 0 0 rg BT 170.59 373.90 Td (demand, ) Tj ET Q q 0 0 0 rg BT 206.77 373.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 253.78 373.90 Td (of ) Tj ET Q q 0 0 0 rg BT 264.14 373.90 Td (supply) Tj ET Q q 0 0 0 rg BT 290.16 373.90 Td (, ) Tj ET Q q 0 0 0 rg BT 294.69 373.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 335.58 373.90 Td (growth, ) Tj ET Q q 0 0 0 rg BT 368.44 373.90 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 424.33 373.90 Td (spending, ) Tj ET Q q 0 0 0 rg BT 464.96 373.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 496.97 373.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 533.97 373.90 Td (values, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 97.57 361.90 Td (of ) Tj ET Q q 0 0 0 rg BT 108.48 361.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 133.82 361.90 Td (and ) Tj ET Q q 0 0 0 rg BT 150.84 361.90 Td (other ) Tj ET Q q 0 0 0 rg BT 173.97 361.90 Td (factors. ) Tj ET Q q 0 0 0 rg BT 206.25 361.90 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 239.39 361.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 263.07 361.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 287.86 361.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 309.88 361.90 Td (are ) Tj ET Q q 0 0 0 rg BT 324.67 361.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 364.46 361.90 Td (denominated ) Tj ET Q q 0 0 0 rg BT 418.69 361.90 Td (in ) Tj ET Q q 0 0 0 rg BT 429.05 361.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 449.41 361.90 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 481.71 361.90 Td (and ) Tj ET Q q 0 0 0 rg BT 498.73 361.90 Td (nearly ) Tj ET Q q 0 0 0 rg BT 526.29 361.90 Td (all ) Tj ET Q q 0 0 0 rg BT 538.87 361.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 361.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.90 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 349.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 72.30 349.90 Td (shipments ) Tj ET Q q 0 0 0 rg BT 115.36 349.90 Td (of ) Tj ET Q q 0 0 0 rg BT 126.19 349.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 157.01 349.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 180.61 349.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 205.32 349.90 Td (to ) Tj ET Q q 0 0 0 rg BT 215.60 349.90 Td (foreign ) Tj ET Q q 0 0 0 rg BT 246.98 349.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 290.02 349.90 Td (are ) Tj ET Q q 0 0 0 rg BT 304.73 349.90 Td (supported ) Tj ET Q q 0 0 0 rg BT 346.67 349.90 Td (by ) Tj ET Q q 0 0 0 rg BT 359.17 349.90 Td (letters ) Tj ET Q q 0 0 0 rg BT 386.10 349.90 Td (of ) Tj ET Q q 0 0 0 rg BT 396.93 349.90 Td (credit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.90 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 328.90 Td (table ) Tj ET Q q 0 0 0 rg BT 90.54 328.90 Td (below ) Tj ET Q q 0 0 0 rg BT 117.75 328.90 Td (sets ) Tj ET Q q 0 0 0 rg BT 135.53 328.90 Td (forth, ) Tj ET Q q 0 0 0 rg BT 160.24 328.90 Td (on ) Tj ET Q q 0 0 0 rg BT 173.02 328.90 Td (a ) Tj ET Q q 0 0 0 rg BT 180.24 328.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 214.66 328.90 Td (and ) Tj ET Q q 0 0 0 rg BT 231.88 328.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 264.65 328.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 289.93 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 304.92 328.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 337.69 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 348.80 328.90 Td (recycled ) Tj ET Q q 0 0 0 rg BT 385.44 328.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 416.54 328.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 440.41 328.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 465.40 328.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 484.85 328.90 Td (by ) Tj ET Q q 0 0 0 rg BT 497.01 328.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 522.57 328.90 Td (to ) Tj ET Q q 0 0 0 rg BT 533.13 328.90 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 316.90 Td (domestic ) Tj ET Q q 0 0 0 rg BT 105.54 316.90 Td (customers, ) Tj ET Q q 0 0 0 rg BT 151.09 316.90 Td (including ) Tj ET Q q 0 0 0 rg BT 191.36 316.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 213.30 316.90 Td (to ) Tj ET Q q 0 0 0 rg BT 223.58 316.90 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 249.70 316.90 Td (during ) Tj ET Q q 0 0 0 rg BT 278.31 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.03 316.90 Td (last ) Tj ET Q q 0 0 0 rg BT 309.41 316.90 Td (three ) Tj ET Q q 0 0 0 rg BT 331.90 316.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 356.05 316.90 Td (years ) Tj ET Q q 0 0 0 rg BT 379.65 316.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 405.48 316.90 Td (August31:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.40 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 277.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 277.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 277.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 277.40 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 277.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 277.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 277.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 277.40 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 277.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 277.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 277.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.40 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 247.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 247.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 247.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 247.40 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 247.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 247.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 247.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 247.40 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 247.40 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 247.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 247.40 60.00 -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 170.5 292.4 m 230.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 292.4 m 364.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 292.4 m 498.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 292.4 m 230.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 277.4 m 230.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 292.4 m 234.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 292.4 m 294.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 277.4 m 294.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 292.4 m 364.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 277.4 m 364.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 292.4 m 368.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 292.4 m 428.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 277.4 m 428.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 292.4 m 498.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 277.4 m 498.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 292.4 m 502.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 292.4 m 562.5 292.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 277.4 m 230.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 277.4 m 294.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 277.4 m 364.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 277.4 m 428.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 277.4 m 498.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 277.4 m 562.5 277.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 247.39999999999998 m 230.5 247.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 247.39999999999998 m 294.5 247.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 247.39999999999998 m 364.5 247.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 247.39999999999998 m 428.5 247.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 247.39999999999998 m 498.5 247.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 247.39999999999998 m 562.5 247.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 232.39999999999998 m 230.5 232.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 232.39999999999998 m 294.5 232.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 232.39999999999998 m 364.5 232.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 232.39999999999998 m 428.5 232.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 232.39999999999998 m 498.5 232.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 232.39999999999998 m 562.5 232.39999999999998 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 297.08 Td (Ferrous Recycled Metal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 297.08 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 297.08 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 297.08 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 281.65 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.90 282.08 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 216.45 286.61 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.00 282.08 Td (V) Tj ET Q q 0 0 0 rg BT 250.30 282.08 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 276.41 286.61 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.90 282.08 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 350.45 286.61 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.00 282.08 Td (V) Tj ET Q q 0 0 0 rg BT 384.30 282.08 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 410.41 286.61 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.90 282.08 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 484.45 286.61 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 282.08 Td (V) Tj ET Q q 0 0 0 rg BT 518.30 282.08 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 544.41 286.61 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.97 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 267.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 267.07 Td (457,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 267.07 Td (2,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 267.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 267.07 Td (669,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 267.07 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 267.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 267.07 Td (1,089,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 267.07 Td (2,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.97 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 252.07 Td (251,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 252.07 Td (1,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 252.07 Td (428,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 252.07 Td (1,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 252.07 Td (539,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 252.07 Td (1,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 237.97 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 237.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 237.07 Td (709,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 237.07 Td (3,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 237.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 237.07 Td (1,098,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 237.07 Td (3,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 237.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 237.07 Td (1,628,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 237.07 Td (4,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 223.30 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 213.70 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 213.70 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 213.70 Td (stated ) Tj ET Q q 0 0 0 rg BT 121.76 213.70 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 213.70 Td (thousands ) Tj ET Q q 0 0 0 rg BT 163.98 213.70 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 213.70 Td (dollars.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 204.10 Td (V) Tj ET Q q 0 0 0 rg BT 72.75 204.10 Td (olume ) Tj ET Q q 0 0 0 rg BT 94.74 204.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 115.40 204.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.63 204.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 157.63 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.29 204.10 Td (long ) Tj ET Q q 0 0 0 rg BT 182.51 204.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 197.85 204.10 Td (\(one ) Tj ET Q q 0 0 0 rg BT 214.06 204.10 Td (long ) Tj ET Q q 0 0 0 rg BT 230.29 204.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 242.51 204.10 Td (= ) Tj ET Q q 0 0 0 rg BT 249.02 204.10 Td (2,240 ) Tj ET Q q 0 0 0 rg BT 269.02 204.10 Td (pounds\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 74.72 183.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 94.44 183.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 135.81 183.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 181.07 183.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 204.11 183.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 228.26 183.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.98 183.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 275.46 183.10 Td (steelmakers, ) Tj ET Q q 0 0 0 rg BT 327.10 183.10 Td (foundries, ) Tj ET Q q 0 0 0 rg BT 369.31 183.10 Td (aluminum ) Tj ET Q q 0 0 0 rg BT 411.80 183.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 434.29 183.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.67 183.10 Td (ingot ) Tj ET Q q 0 0 0 rg BT 473.17 183.10 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 534.80 183.10 Td (copper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (refineries ) Tj ET Q q 0 0 0 rg BT 90.26 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.20 171.10 Td (smelters, ) Tj ET Q q 0 0 0 rg BT 145.52 171.10 Td (brass ) Tj ET Q q 0 0 0 rg BT 168.58 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.52 171.10 Td (bronze ) Tj ET Q q 0 0 0 rg BT 215.23 171.10 Td (ingot ) Tj ET Q q 0 0 0 rg BT 238.29 171.10 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 300.48 171.10 Td (wholesalers, ) Tj ET Q q 0 0 0 rg BT 352.69 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.63 171.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 389.90 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.85 171.10 Td (cable ) Tj ET Q q 0 0 0 rg BT 430.44 171.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 472.37 171.10 Td (globally) Tj ET Q q 0 0 0 rg BT 504.50 171.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.95 171.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 534.23 171.10 Td (invests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.55 159.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 101.08 159.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 144.95 159.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 198.27 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.82 159.10 Td (order ) Tj ET Q q 0 0 0 rg BT 232.69 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.25 159.10 Td (extract ) Tj ET Q q 0 0 0 rg BT 273.22 159.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 301.55 159.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 347.64 159.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 374.30 159.10 Td (from ) Tj ET Q q 0 0 0 rg BT 396.52 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.51 159.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 453.72 159.10 Td (process ) Tj ET Q q 0 0 0 rg BT 486.49 159.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.70 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.25 159.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 549.78 159.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 93.59 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.42 147.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 150.24 147.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 178.85 147.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.13 147.10 Td (order ) Tj ET Q q 0 0 0 rg BT 212.72 147.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.00 147.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 264.93 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.65 147.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 304.36 147.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.29 147.10 Td (value ) Tj ET Q q 0 0 0 rg BT 345.45 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.28 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.00 147.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 414.05 147.10 Td (metals.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (5) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.64 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 89.16 742.10 Td (below ) Tj ET Q q 0 0 0 rg BT 115.69 742.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 132.77 742.10 Td (forth, ) Tj ET Q q 0 0 0 rg BT 156.80 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.89 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.42 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 209.15 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.68 742.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 257.76 742.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 282.35 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.66 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.74 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.16 742.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 375.11 742.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 420.52 742.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 443.71 742.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 468.01 742.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 486.77 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.40 742.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 523.27 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.14 742.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 730.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 105.54 730.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 148.59 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 177.20 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.91 730.10 Td (last ) Tj ET Q q 0 0 0 rg BT 208.30 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 230.79 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 254.94 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 278.54 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 304.37 730.10 Td (August31:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 690.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 690.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 690.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 660.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 660.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 660.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 660.60 60.00 -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 170.5 705.6 m 230.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 705.6 m 364.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 705.6 m 498.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 705.6 m 230.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 690.6 m 230.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 705.6 m 234.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 705.6 m 294.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 690.6 m 294.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 705.6 m 364.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 690.6 m 364.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 705.6 m 368.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 705.6 m 428.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 690.6 m 428.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 705.6 m 498.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 690.6 m 498.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 705.6 m 502.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.6 m 562.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 690.6 m 230.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 690.6 m 294.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 690.6 m 364.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 690.6 m 428.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 690.6 m 498.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.6 m 562.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 660.6 m 230.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 645.6 m 230.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 660.6 m 294.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 645.6 m 294.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 660.6 m 364.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 645.6 m 364.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 660.6 m 428.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 645.6 m 428.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 660.6 m 498.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 645.6 m 498.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 660.6 m 562.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 645.6 m 562.5 645.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 710.28 Td (Nonferrous Recycled Metal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 710.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 710.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 710.28 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 694.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.90 695.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 216.45 699.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.00 695.28 Td (V) Tj ET Q q 0 0 0 rg BT 250.30 695.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 276.41 699.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.90 695.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 350.45 699.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.00 695.28 Td (V) Tj ET Q q 0 0 0 rg BT 384.30 695.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 410.41 699.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.90 695.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 484.45 699.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 695.28 Td (V) Tj ET Q q 0 0 0 rg BT 518.30 695.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 544.41 699.81 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 680.27 Td (209,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 680.27 Td (324,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 680.27 Td (289,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 680.27 Td (361,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 680.27 Td (348,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 680.27 Td (401,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 665.27 Td (130,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 665.27 Td (186,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 665.27 Td (198,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 665.27 Td (223,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 665.27 Td (207,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 665.27 Td (213,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 650.27 Td (340,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 650.27 Td (510,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 650.27 Td (488,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 650.27 Td (585,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 650.27 Td (556,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 650.27 Td (614,518) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 636.50 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 626.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 626.90 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 626.90 Td (stated ) Tj ET Q q 0 0 0 rg BT 121.76 626.90 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 626.90 Td (thousands ) Tj ET Q q 0 0 0 rg BT 163.98 626.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 626.90 Td (dollars.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 617.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 617.30 Td (V) Tj ET Q q 0 0 0 rg BT 72.75 617.30 Td (olume ) Tj ET Q q 0 0 0 rg BT 94.74 617.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 115.40 617.30 Td (in ) Tj ET Q q 0 0 0 rg BT 123.63 617.30 Td (thousands ) Tj ET Q q 0 0 0 rg BT 157.63 617.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.29 617.30 Td (pounds ) Tj ET Q q 0 0 0 rg BT 191.40 617.30 Td (and ) Tj ET Q q 0 0 0 rg BT 204.95 617.30 Td (volume ) Tj ET Q q 0 0 0 rg BT 230.95 617.30 Td (information ) Tj ET Q q 0 0 0 rg BT 270.72 617.30 Td (excludes ) Tj ET Q q 0 0 0 rg BT 300.71 617.30 Td (PGM ) Tj ET Q q 0 0 0 rg BT 320.05 617.30 Td (metals ) Tj ET Q q 0 0 0 rg BT 342.93 617.30 Td (in ) Tj ET Q q 0 0 0 rg BT 351.15 617.30 Td (catalytic ) Tj ET Q q 0 0 0 rg BT 380.25 617.30 Td (converters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.30 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 80.98 596.30 Td (retail ) Tj ET Q q 0 0 0 rg BT 104.02 596.30 Td (auto ) Tj ET Q q 0 0 0 rg BT 123.74 596.30 Td (parts ) Tj ET Q q 0 0 0 rg BT 145.67 596.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 167.61 596.30 Td (account ) Tj ET Q q 0 0 0 rg BT 201.21 596.30 Td (for ) Tj ET Q q 0 0 0 rg BT 215.37 596.30 Td (less ) Tj ET Q q 0 0 0 rg BT 232.87 596.30 Td (than ) Tj ET Q q 0 0 0 rg BT 252.58 596.30 Td (10% ) Tj ET Q q 0 0 0 rg BT 273.41 596.30 Td (of ) Tj ET Q q 0 0 0 rg BT 284.24 596.30 Td (our ) Tj ET Q q 0 0 0 rg BT 300.07 596.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 353.12 596.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 391.15 596.30 Td (in ) Tj ET Q q 0 0 0 rg BT 401.43 596.30 Td (all ) Tj ET Q q 0 0 0 rg BT 413.93 596.30 Td (of ) Tj ET Q q 0 0 0 rg BT 424.76 596.30 Td (the ) Tj ET Q q 0 0 0 rg BT 439.47 596.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 471.41 596.30 Td (presented.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 573.9669921875 m 79.9951171875 573.9669921875 l s q 0 0 0 rg BT 50.00 575.30 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.30 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 90.94 560.30 Td (and ) Tj ET Q q 0 0 0 rg BT 108.00 560.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 139.49 560.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 165.99 560.30 Td (for ) Tj ET Q q 0 0 0 rg BT 180.26 560.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 211.20 560.30 Td (and ) Tj ET Q q 0 0 0 rg BT 228.26 560.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 274.19 560.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 297.91 560.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 322.74 560.30 Td (are ) Tj ET Q q 0 0 0 rg BT 337.56 560.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 377.38 560.30 Td (based ) Tj ET Q q 0 0 0 rg BT 402.77 560.30 Td (on ) Tj ET Q q 0 0 0 rg BT 415.39 560.30 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 458.54 560.30 Td (market ) Tj ET Q q 0 0 0 rg BT 488.93 560.30 Td (rates, ) Tj ET Q q 0 0 0 rg BT 512.92 560.30 Td (which ) Tj ET Q q 0 0 0 rg BT 539.98 560.30 Td (dif) Tj ET Q q 0 0 0 rg BT 550.90 560.30 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.30 Td (by ) Tj ET Q q 0 0 0 rg BT 62.13 548.30 Td (region, ) Tj ET Q q 0 0 0 rg BT 92.30 548.30 Td (and ) Tj ET Q q 0 0 0 rg BT 108.87 548.30 Td (are ) Tj ET Q q 0 0 0 rg BT 123.21 548.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 153.66 548.30 Td (to ) Tj ET Q q 0 0 0 rg BT 163.57 548.30 Td (market ) Tj ET Q q 0 0 0 rg BT 193.46 548.30 Td (cycles ) Tj ET Q q 0 0 0 rg BT 220.58 548.30 Td (that ) Tj ET Q q 0 0 0 rg BT 237.70 548.30 Td (are ) Tj ET Q q 0 0 0 rg BT 252.04 548.30 Td (influenced ) Tj ET Q q 0 0 0 rg BT 296.37 548.30 Td (by ) Tj ET Q q 0 0 0 rg BT 308.50 548.30 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 353.39 548.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 387.18 548.30 Td (from ) Tj ET Q q 0 0 0 rg BT 408.75 548.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 429.20 548.30 Td (and ) Tj ET Q q 0 0 0 rg BT 445.77 548.30 Td (other ) Tj ET Q q 0 0 0 rg BT 468.44 548.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 492.78 548.30 Td (producers ) Tj ET Q q 0 0 0 rg BT 534.34 548.30 Td (as ) Tj ET Q q 0 0 0 rg BT 544.80 548.30 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.30 Td (as ) Tj ET Q q 0 0 0 rg BT 60.50 536.30 Td (by ) Tj ET Q q 0 0 0 rg BT 72.66 536.30 Td (the ) Tj ET Q q 0 0 0 rg BT 87.04 536.30 Td (availability ) Tj ET Q q 0 0 0 rg BT 134.19 536.30 Td (of ) Tj ET Q q 0 0 0 rg BT 144.69 536.30 Td (materials ) Tj ET Q q 0 0 0 rg BT 183.51 536.30 Td (that ) Tj ET Q q 0 0 0 rg BT 200.67 536.30 Td (can ) Tj ET Q q 0 0 0 rg BT 216.71 536.30 Td (be ) Tj ET Q q 0 0 0 rg BT 228.31 536.30 Td (processed ) Tj ET Q q 0 0 0 rg BT 269.91 536.30 Td (into ) Tj ET Q q 0 0 0 rg BT 287.63 536.30 Td (saleable ) Tj ET Q q 0 0 0 rg BT 322.00 536.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 345.26 536.30 Td (metal, ) Tj ET Q q 0 0 0 rg BT 372.14 536.30 Td (among ) Tj ET Q q 0 0 0 rg BT 401.52 536.30 Td (other ) Tj ET Q q 0 0 0 rg BT 424.23 536.30 Td (factors. ) Tj ET Q q 0 0 0 rg BT 456.11 536.30 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 488.82 536.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 512.09 536.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 536.46 536.30 Td (export ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 72.58 524.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 111.82 524.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 152.17 524.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 185.86 524.30 Td (for ) Tj ET Q q 0 0 0 rg BT 200.66 524.30 Td (shipment ) Tj ET Q q 0 0 0 rg BT 240.47 524.30 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.17 524.30 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.17 524.30 Td ( ) Tj ET Q q 0 0 0 rg BT 282.32 524.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.24 524.30 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.24 524.30 Td ( ) Tj ET Q q 0 0 0 rg BT 306.39 524.30 Td (days ) Tj ET Q q 0 0 0 rg BT 327.86 524.30 Td (after ) Tj ET Q q 0 0 0 rg BT 349.32 524.30 Td (the ) Tj ET Q q 0 0 0 rg BT 364.68 524.30 Td (price ) Tj ET Q q 0 0 0 rg BT 387.81 524.30 Td (is ) Tj ET Q q 0 0 0 rg BT 397.63 524.30 Td (agreed ) Tj ET Q q 0 0 0 rg BT 427.42 524.30 Td (to ) Tj ET Q q 0 0 0 rg BT 438.34 524.30 Td (which, ) Tj ET Q q 0 0 0 rg BT 468.42 524.30 Td (in ) Tj ET Q q 0 0 0 rg BT 479.35 524.30 Td (most ) Tj ET Q q 0 0 0 rg BT 501.94 524.30 Td (cases, ) Tj ET Q q 0 0 0 rg BT 528.68 524.30 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.30 Td (freight. ) Tj ET Q q 0 0 0 rg BT 81.78 512.30 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 129.96 512.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 153.68 512.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 178.53 512.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 200.59 512.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 239.32 512.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 279.15 512.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 312.32 512.30 Td (for ) Tj ET Q q 0 0 0 rg BT 326.61 512.30 Td (shipment ) Tj ET Q q 0 0 0 rg BT 365.91 512.30 Td (within ) Tj ET Q q 0 0 0 rg BT 394.09 512.30 Td (30 ) Tj ET Q q 0 0 0 rg BT 406.72 512.30 Td (days ) Tj ET Q q 0 0 0 rg BT 427.68 512.30 Td (after ) Tj ET Q q 0 0 0 rg BT 448.63 512.30 Td (the ) Tj ET Q q 0 0 0 rg BT 463.47 512.30 Td (price ) Tj ET Q q 0 0 0 rg BT 486.09 512.30 Td (is ) Tj ET Q q 0 0 0 rg BT 495.39 512.30 Td (agreed ) Tj ET Q q 0 0 0 rg BT 524.66 512.30 Td (to, ) Tj ET Q q 0 0 0 rg BT 537.57 512.30 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.30 Td (also ) Tj ET Q q 0 0 0 rg BT 68.61 500.30 Td (typically ) Tj ET Q q 0 0 0 rg BT 106.10 500.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 141.92 500.30 Td (freight.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.30 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.42 479.30 Td (responds ) Tj ET Q q 0 0 0 rg BT 113.62 479.30 Td (to ) Tj ET Q q 0 0 0 rg BT 124.04 479.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 158.89 479.30 Td (in ) Tj ET Q q 0 0 0 rg BT 169.31 479.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 198.61 479.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 225.13 479.30 Td (by ) Tj ET Q q 0 0 0 rg BT 237.77 479.30 Td (seeking ) Tj ET Q q 0 0 0 rg BT 270.96 479.30 Td (to ) Tj ET Q q 0 0 0 rg BT 281.38 479.30 Td (adjust ) Tj ET Q q 0 0 0 rg BT 307.91 479.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 331.65 479.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 356.50 479.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 394.68 479.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 421.20 479.30 Td (at ) Tj ET Q q 0 0 0 rg BT 431.06 479.30 Td (its ) Tj ET Q q 0 0 0 rg BT 443.15 479.30 Td (recycling ) Tj ET Q q 0 0 0 rg BT 482.99 479.30 Td (facilities ) Tj ET Q q 0 0 0 rg BT 520.06 479.30 Td (in ) Tj ET Q q 0 0 0 rg BT 530.48 479.30 Td (order ) Tj ET Q q 0 0 0 rg BT 554.22 479.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.30 Td (manage ) Tj ET Q q 0 0 0 rg BT 83.73 467.30 Td (the ) Tj ET Q q 0 0 0 rg BT 98.59 467.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 128.44 467.30 Td (on ) Tj ET Q q 0 0 0 rg BT 141.08 467.30 Td (its ) Tj ET Q q 0 0 0 rg BT 153.17 467.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 193.57 467.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 227.95 467.30 Td (The ) Tj ET Q q 0 0 0 rg BT 246.14 467.30 Td (spread ) Tj ET Q q 0 0 0 rg BT 274.88 467.30 Td (between ) Tj ET Q q 0 0 0 rg BT 310.83 467.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 340.13 467.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 366.65 467.30 Td (and ) Tj ET Q q 0 0 0 rg BT 383.73 467.30 Td (the ) Tj ET Q q 0 0 0 rg BT 398.58 467.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 417.33 467.30 Td (of ) Tj ET Q q 0 0 0 rg BT 428.30 467.30 Td (purchased ) Tj ET Q q 0 0 0 rg BT 471.48 467.30 Td (material ) Tj ET Q q 0 0 0 rg BT 506.87 467.30 Td (is ) Tj ET Q q 0 0 0 rg BT 516.18 467.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 547.15 467.30 Td (to ) Tj ET Q q 0 0 0 rg BT 557.57 467.30 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.30 Td (number ) Tj ET Q q 0 0 0 rg BT 83.28 455.30 Td (of ) Tj ET Q q 0 0 0 rg BT 94.35 455.30 Td (factors, ) Tj ET Q q 0 0 0 rg BT 126.79 455.30 Td (including ) Tj ET Q q 0 0 0 rg BT 167.29 455.30 Td (dif) Tj ET Q q 0 0 0 rg BT 178.22 455.30 Td (ferences ) Tj ET Q q 0 0 0 rg BT 214.26 455.30 Td (in ) Tj ET Q q 0 0 0 rg BT 224.78 455.30 Td (the ) Tj ET Q q 0 0 0 rg BT 239.73 455.30 Td (market ) Tj ET Q q 0 0 0 rg BT 270.22 455.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 314.62 455.30 Td (between ) Tj ET Q q 0 0 0 rg BT 350.67 455.30 Td (the ) Tj ET Q q 0 0 0 rg BT 365.63 455.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 404.46 455.30 Td (regions ) Tj ET Q q 0 0 0 rg BT 436.64 455.30 Td (where ) Tj ET Q q 0 0 0 rg BT 463.80 455.30 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 515.96 455.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 539.79 455.30 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.30 Td (is ) Tj ET Q q 0 0 0 rg BT 59.28 443.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 96.32 443.30 Td (and ) Tj ET Q q 0 0 0 rg BT 113.37 443.30 Td (the ) Tj ET Q q 0 0 0 rg BT 128.19 443.30 Td (areas ) Tj ET Q q 0 0 0 rg BT 151.34 443.30 Td (in ) Tj ET Q q 0 0 0 rg BT 161.73 443.30 Td (the ) Tj ET Q q 0 0 0 rg BT 176.56 443.30 Td (world ) Tj ET Q q 0 0 0 rg BT 202.50 443.30 Td (where ) Tj ET Q q 0 0 0 rg BT 229.54 443.30 Td (the ) Tj ET Q q 0 0 0 rg BT 244.37 443.30 Td (processed ) Tj ET Q q 0 0 0 rg BT 286.41 443.30 Td (materials ) Tj ET Q q 0 0 0 rg BT 325.67 443.30 Td (are ) Tj ET Q q 0 0 0 rg BT 340.49 443.30 Td (sold, ) Tj ET Q q 0 0 0 rg BT 362.27 443.30 Td (market ) Tj ET Q q 0 0 0 rg BT 392.65 443.30 Td (volatility ) Tj ET Q q 0 0 0 rg BT 431.37 443.30 Td (from ) Tj ET Q q 0 0 0 rg BT 453.42 443.30 Td (the ) Tj ET Q q 0 0 0 rg BT 468.24 443.30 Td (time ) Tj ET Q q 0 0 0 rg BT 488.63 443.30 Td (the ) Tj ET Q q 0 0 0 rg BT 503.46 443.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 532.73 443.30 Td (price ) Tj ET Q q 0 0 0 rg BT 555.33 443.30 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.30 Td (agreed ) Tj ET Q q 0 0 0 rg BT 80.49 431.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 104.33 431.30 Td (with ) Tj ET Q q 0 0 0 rg BT 125.95 431.30 Td (the ) Tj ET Q q 0 0 0 rg BT 142.00 431.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 182.50 431.30 Td (until ) Tj ET Q q 0 0 0 rg BT 204.68 431.30 Td (the ) Tj ET Q q 0 0 0 rg BT 220.73 431.30 Td (time ) Tj ET Q q 0 0 0 rg BT 242.35 431.30 Td (the ) Tj ET Q q 0 0 0 rg BT 258.41 431.30 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 311.67 431.30 Td (material ) Tj ET Q q 0 0 0 rg BT 348.27 431.30 Td (is ) Tj ET Q q 0 0 0 rg BT 358.79 431.30 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 405.66 431.30 Td (and ) Tj ET Q q 0 0 0 rg BT 423.94 431.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 459.99 431.30 Td (in ) Tj ET Q q 0 0 0 rg BT 471.61 431.30 Td (the ) Tj ET Q q 0 0 0 rg BT 487.67 431.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 529.83 431.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 553.67 431.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.30 Td (transportation ) Tj ET Q q 0 0 0 rg BT 107.61 419.30 Td (to ) Tj ET Q q 0 0 0 rg BT 117.47 419.30 Td (the ) Tj ET Q q 0 0 0 rg BT 131.76 419.30 Td (customer) Tj ET Q q 0 0 0 rg BT 168.78 419.30 Td () Tj ET Q q 0 0 0 rg BT 171.56 419.30 Td (s ) Tj ET Q q 0 0 0 rg BT 177.52 419.30 Td (facility) Tj ET Q q 0 0 0 rg BT 205.20 419.30 Td (. ) Tj ET Q q 0 0 0 rg BT 209.62 419.30 Td (W) Tj ET Q q 0 0 0 rg BT 218.26 419.30 Td (e ) Tj ET Q q 0 0 0 rg BT 224.77 419.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 255.25 419.30 Td (AMR ) Tj ET Q q 0 0 0 rg BT 280.11 419.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 319.39 419.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 353.11 419.30 Td (from ) Tj ET Q q 0 0 0 rg BT 374.62 419.30 Td (sustained ) Tj ET Q q 0 0 0 rg BT 413.91 419.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 445.43 419.30 Td (of ) Tj ET Q q 0 0 0 rg BT 455.83 419.30 Td (rising ) Tj ET Q q 0 0 0 rg BT 480.68 419.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 516.61 419.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 539.79 419.30 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 78.24 407.30 Td (prices, ) Tj ET Q q 0 0 0 rg BT 106.20 407.30 Td (which ) Tj ET Q q 0 0 0 rg BT 132.22 407.30 Td (allow ) Tj ET Q q 0 0 0 rg BT 156.02 407.30 Td (it ) Tj ET Q q 0 0 0 rg BT 163.15 407.30 Td (to ) Tj ET Q q 0 0 0 rg BT 172.51 407.30 Td (better ) Tj ET Q q 0 0 0 rg BT 196.85 407.30 Td (maintain ) Tj ET Q q 0 0 0 rg BT 233.42 407.30 Td (or ) Tj ET Q q 0 0 0 rg BT 243.33 407.30 Td (expand ) Tj ET Q q 0 0 0 rg BT 273.79 407.30 Td (both ) Tj ET Q q 0 0 0 rg BT 293.15 407.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 332.49 407.30 Td (income ) Tj ET Q q 0 0 0 rg BT 363.50 407.30 Td (and ) Tj ET Q q 0 0 0 rg BT 379.52 407.30 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 430.53 407.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 453.21 407.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 477.00 407.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 496.91 407.30 Td (into ) Tj ET Q q 0 0 0 rg BT 514.05 407.30 Td (its ) Tj ET Q q 0 0 0 rg BT 525.07 407.30 Td (facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.30 Td (When ) Tj ET Q q 0 0 0 rg BT 76.38 395.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 112.74 395.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 136.34 395.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 161.05 395.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 190.21 395.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 216.59 395.30 Td (decline, ) Tj ET Q q 0 0 0 rg BT 249.91 395.30 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 280.89 395.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.15 395.30 Td (mar) Tj ET Q q 0 0 0 rg BT 336.52 395.30 Td (gins ) Tj ET Q q 0 0 0 rg BT 355.69 395.30 Td (typically ) Tj ET Q q 0 0 0 rg BT 393.18 395.30 Td (compress.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.30 Td (The ) Tj ET Q q 0 0 0 rg BT 68.17 374.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 90.23 374.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 116.73 374.30 Td (for ) Tj ET Q q 0 0 0 rg BT 131.01 374.30 Td (auto ) Tj ET Q q 0 0 0 rg BT 150.84 374.30 Td (parts ) Tj ET Q q 0 0 0 rg BT 172.90 374.30 Td (from ) Tj ET Q q 0 0 0 rg BT 194.96 374.30 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 232.57 374.30 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 267.96 374.30 Td (are ) Tj ET Q q 0 0 0 rg BT 282.78 374.30 Td (deeply ) Tj ET Q q 0 0 0 rg BT 312.06 374.30 Td (discounted ) Tj ET Q q 0 0 0 rg BT 358.01 374.30 Td (from ) Tj ET Q q 0 0 0 rg BT 380.07 374.30 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 423.23 374.30 Td (national ) Tj ET Q q 0 0 0 rg BT 458.06 374.30 Td (new ) Tj ET Q q 0 0 0 rg BT 477.34 374.30 Td (and ) Tj ET Q q 0 0 0 rg BT 494.40 374.30 Td (refurbished ) Tj ET Q q 0 0 0 rg BT 542.56 374.30 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.33 362.30 Td (of) Tj ET Q q 0 0 0 rg BT 84.48 362.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 107.46 362.30 Td (at ) Tj ET Q q 0 0 0 rg BT 117.13 362.30 Td (full-service ) Tj ET Q q 0 0 0 rg BT 165.11 362.30 Td (auto ) Tj ET Q q 0 0 0 rg BT 184.78 362.30 Td (dismantlers, ) Tj ET Q q 0 0 0 rg BT 235.83 362.30 Td (retail ) Tj ET Q q 0 0 0 rg BT 258.83 362.30 Td (car ) Tj ET Q q 0 0 0 rg BT 273.48 362.30 Td (parts ) Tj ET Q q 0 0 0 rg BT 295.37 362.30 Td (stores ) Tj ET Q q 0 0 0 rg BT 321.15 362.30 Td (and ) Tj ET Q q 0 0 0 rg BT 338.04 362.30 Td (car ) Tj ET Q q 0 0 0 rg BT 352.70 362.30 Td (dealerships. ) Tj ET Q q 0 0 0 rg BT 402.63 362.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 420.64 362.30 Td (stores ) Tj ET Q q 0 0 0 rg BT 446.42 362.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 479.41 362.30 Td (a ) Tj ET Q q 0 0 0 rg BT 486.30 362.30 Td (list ) Tj ET Q q 0 0 0 rg BT 500.98 362.30 Td (price, ) Tj ET Q q 0 0 0 rg BT 525.91 362.30 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.30 Td (at ) Tj ET Q q 0 0 0 rg BT 58.67 350.30 Td (each ) Tj ET Q q 0 0 0 rg BT 78.43 350.30 Td (location ) Tj ET Q q 0 0 0 rg BT 112.09 350.30 Td (and ) Tj ET Q q 0 0 0 rg BT 127.98 350.30 Td (online. ) Tj ET Q q 0 0 0 rg BT 156.93 350.30 Td ( ) Tj ET Q q 0 0 0 rg BT 158.38 350.30 Td (Prices ) Tj ET Q q 0 0 0 rg BT 184.27 350.30 Td (for ) Tj ET Q q 0 0 0 rg BT 197.38 350.30 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 242.15 350.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 260.27 350.30 Td (to ) Tj ET Q q 0 0 0 rg BT 269.50 350.30 Td (third ) Tj ET Q q 0 0 0 rg BT 289.84 350.30 Td (parties ) Tj ET Q q 0 0 0 rg BT 317.94 350.30 Td (and ) Tj ET Q q 0 0 0 rg BT 333.83 350.30 Td (for ) Tj ET Q q 0 0 0 rg BT 346.94 350.30 Td (major ) Tj ET Q q 0 0 0 rg BT 371.72 350.30 Td (component ) Tj ET Q q 0 0 0 rg BT 417.60 350.30 Td (parts, ) Tj ET Q q 0 0 0 rg BT 440.99 350.30 Td (such ) Tj ET Q q 0 0 0 rg BT 460.77 350.30 Td (as ) Tj ET Q q 0 0 0 rg BT 470.55 350.30 Td (engines, ) Tj ET Q q 0 0 0 rg BT 505.05 350.30 Td (transmissions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.30 Td (catalytic ) Tj ET Q q 0 0 0 rg BT 86.17 338.30 Td (converters ) Tj ET Q q 0 0 0 rg BT 130.12 338.30 Td (and ) Tj ET Q q 0 0 0 rg BT 146.87 338.30 Td (alternators ) Tj ET Q q 0 0 0 rg BT 191.37 338.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 210.35 338.30 Td (to ) Tj ET Q q 0 0 0 rg BT 220.43 338.30 Td (wholesalers, ) Tj ET Q q 0 0 0 rg BT 272.44 338.30 Td (are ) Tj ET Q q 0 0 0 rg BT 286.95 338.30 Td (based ) Tj ET Q q 0 0 0 rg BT 312.03 338.30 Td (on ) Tj ET Q q 0 0 0 rg BT 324.33 338.30 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 367.18 338.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 390.58 338.30 Td (market ) Tj ET Q q 0 0 0 rg BT 420.65 338.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 441.83 338.30 Td (which ) Tj ET Q q 0 0 0 rg BT 468.57 338.30 Td (dif) Tj ET Q q 0 0 0 rg BT 479.50 338.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 492.91 338.30 Td (by ) Tj ET Q q 0 0 0 rg BT 505.21 338.30 Td (region ) Tj ET Q q 0 0 0 rg BT 533.06 338.30 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 338.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 79.93 326.30 Td (to ) Tj ET Q q 0 0 0 rg BT 89.31 326.30 Td (market ) Tj ET Q q 0 0 0 rg BT 118.68 326.30 Td (cycles. ) Tj ET Q q 0 0 0 rg BT 147.77 326.30 Td (By ) Tj ET Q q 0 0 0 rg BT 161.04 326.30 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 216.53 326.30 Td (shipments ) Tj ET Q q 0 0 0 rg BT 258.69 326.30 Td (of ) Tj ET Q q 0 0 0 rg BT 268.62 326.30 Td (component ) Tj ET Q q 0 0 0 rg BT 314.66 326.30 Td (parts ) Tj ET Q q 0 0 0 rg BT 335.70 326.30 Td (and ) Tj ET Q q 0 0 0 rg BT 351.75 326.30 Td (autobodies, ) Tj ET Q q 0 0 0 rg BT 399.17 326.30 Td (we ) Tj ET Q q 0 0 0 rg BT 412.44 326.30 Td (are ) Tj ET Q q 0 0 0 rg BT 426.25 326.30 Td (able ) Tj ET Q q 0 0 0 rg BT 444.51 326.30 Td (to ) Tj ET Q q 0 0 0 rg BT 453.89 326.30 Td (optimize ) Tj ET Q q 0 0 0 rg BT 490.49 326.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.97 326.30 Td (by ) Tj ET Q q 0 0 0 rg BT 527.57 326.30 Td (focusing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.30 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 314.30 Td (lar) Tj ET Q q 0 0 0 rg BT 72.87 314.30 Td (ger ) Tj ET Q q 0 0 0 rg BT 88.13 314.30 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 130.62 314.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 173.67 314.30 Td (that ) Tj ET Q q 0 0 0 rg BT 191.16 314.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 208.10 314.30 Td (a ) Tj ET Q q 0 0 0 rg BT 215.04 314.30 Td (premium ) Tj ET Q q 0 0 0 rg BT 253.64 314.30 Td (for ) Tj ET Q q 0 0 0 rg BT 267.80 314.30 Td (volume ) Tj ET Q q 0 0 0 rg BT 300.30 314.30 Td (and ) Tj ET Q q 0 0 0 rg BT 317.24 314.30 Td (consistency ) Tj ET Q q 0 0 0 rg BT 366.39 314.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.22 314.30 Td (shipments. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 291.9669921875 m 82.7685546875 291.9669921875 l s q 0 0 0 rg BT 50.00 293.30 Td (Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.30 Td (Global ) Tj ET Q q 0 0 0 rg BT 80.67 278.30 Td (production ) Tj ET Q q 0 0 0 rg BT 127.44 278.30 Td (of ) Tj ET Q q 0 0 0 rg BT 139.22 278.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 174.89 278.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 196.66 278.30 Td (products ) Tj ET Q q 0 0 0 rg BT 234.55 278.30 Td (drives ) Tj ET Q q 0 0 0 rg BT 262.44 278.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 297.54 278.30 Td (for ) Tj ET Q q 0 0 0 rg BT 312.65 278.30 Td (materials ) Tj ET Q q 0 0 0 rg BT 352.75 278.30 Td (used ) Tj ET Q q 0 0 0 rg BT 374.53 278.30 Td (in ) Tj ET Q q 0 0 0 rg BT 385.76 278.30 Td (the ) Tj ET Q q 0 0 0 rg BT 401.43 278.30 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 456.53 278.30 Td (process, ) Tj ET Q q 0 0 0 rg BT 492.47 278.30 Td (including ) Tj ET Q q 0 0 0 rg BT 533.69 278.30 Td (ferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 86.78 266.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 110.80 266.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 135.94 266.30 Td (which ) Tj ET Q q 0 0 0 rg BT 163.30 266.30 Td (is ) Tj ET Q q 0 0 0 rg BT 172.89 266.30 Td (the ) Tj ET Q q 0 0 0 rg BT 188.03 266.30 Td (primary ) Tj ET Q q 0 0 0 rg BT 222.60 266.30 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 263.84 266.30 Td (used ) Tj ET Q q 0 0 0 rg BT 285.09 266.30 Td (in ) Tj ET Q q 0 0 0 rg BT 295.79 266.30 Td (EAFs ) Tj ET Q q 0 0 0 rg BT 321.50 266.30 Td (and ) Tj ET Q q 0 0 0 rg BT 338.86 266.30 Td (can ) Tj ET Q q 0 0 0 rg BT 355.65 266.30 Td (also ) Tj ET Q q 0 0 0 rg BT 374.68 266.30 Td (be ) Tj ET Q q 0 0 0 rg BT 387.04 266.30 Td (used ) Tj ET Q q 0 0 0 rg BT 408.29 266.30 Td (in ) Tj ET Q q 0 0 0 rg BT 418.99 266.30 Td (blast ) Tj ET Q q 0 0 0 rg BT 440.80 266.30 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 477.59 266.30 Td (to ) Tj ET Q q 0 0 0 rg BT 488.29 266.30 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 541.18 266.30 Td (steel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.30 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.06 254.30 Td (exports ) Tj ET Q q 0 0 0 rg BT 106.78 254.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 137.38 254.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 173.52 254.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 196.89 254.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 221.38 254.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 260.87 254.30 Td (to ) Tj ET Q q 0 0 0 rg BT 270.93 254.30 Td (countries ) Tj ET Q q 0 0 0 rg BT 309.86 254.30 Td (in ) Tj ET Q q 0 0 0 rg BT 319.41 254.30 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 342.52 254.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.02 254.30 Td (Mediterranean ) Tj ET Q q 0 0 0 rg BT 417.60 254.30 Td (region ) Tj ET Q q 0 0 0 rg BT 445.42 254.30 Td (and ) Tj ET Q q 0 0 0 rg BT 462.14 254.30 Td (North, ) Tj ET Q q 0 0 0 rg BT 490.24 254.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 521.96 254.30 Td (and ) Tj ET Q q 0 0 0 rg BT 538.67 254.30 Td (South ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.30 Td (America. ) Tj ET Q q 0 0 0 rg BT 90.48 242.30 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 124.58 242.30 Td (exports ) Tj ET Q q 0 0 0 rg BT 157.58 242.30 Td (made ) Tj ET Q q 0 0 0 rg BT 182.79 242.30 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.34 242.30 Td (63%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.67 242.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.73 242.30 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.06 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 242.61 242.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.61 242.30 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.94 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 282.49 242.30 Td (of ) Tj ET Q q 0 0 0 rg BT 293.59 242.30 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 325.62 242.30 Td (total ) Tj ET Q q 0 0 0 rg BT 346.95 242.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 378.82 242.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 401.82 242.30 Td (volume ) Tj ET Q q 0 0 0 rg BT 435.37 242.30 Td (in ) Tj ET Q q 0 0 0 rg BT 446.70 242.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.91 242.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 497.97 242.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 521.52 242.30 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 242.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 242.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 230.30 Td (. ) Tj ET Q q 0 0 0 rg BT 102.63 230.30 Td (In ) Tj ET Q q 0 0 0 rg BT 113.43 230.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 137.56 230.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 162.53 230.30 Td (global ) Tj ET Q q 0 0 0 rg BT 190.00 230.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 210.79 230.30 Td (production ) Tj ET Q q 0 0 0 rg BT 256.59 230.30 Td (declined ) Tj ET Q q 0 0 0 rg BT 292.93 230.30 Td (due ) Tj ET Q q 0 0 0 rg BT 309.84 230.30 Td (to ) Tj ET Q q 0 0 0 rg BT 320.09 230.30 Td (slowing ) Tj ET Q q 0 0 0 rg BT 354.23 230.30 Td (global ) Tj ET Q q 0 0 0 rg BT 381.69 230.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 412.50 230.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 433.84 230.30 Td (and ) Tj ET Q q 0 0 0 rg BT 450.75 230.30 Td (a ) Tj ET Q q 0 0 0 rg BT 457.66 230.30 Td (weaker ) Tj ET Q q 0 0 0 rg BT 489.00 230.30 Td (price ) Tj ET Q q 0 0 0 rg BT 511.46 230.30 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.30 Td (for ) Tj ET Q q 0 0 0 rg BT 63.45 218.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 97.45 218.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 117.56 218.30 Td (as ) Tj ET Q q 0 0 0 rg BT 127.68 218.30 Td (a ) Tj ET Q q 0 0 0 rg BT 133.91 218.30 Td (result ) Tj ET Q q 0 0 0 rg BT 157.91 218.30 Td (of ) Tj ET Q q 0 0 0 rg BT 168.03 218.30 Td (overcapacity ) Tj ET Q q 0 0 0 rg BT 220.89 218.30 Td (in ) Tj ET Q q 0 0 0 rg BT 230.46 218.30 Td (global ) Tj ET Q q 0 0 0 rg BT 257.24 218.30 Td (steel-making. ) Tj ET Q q 0 0 0 rg BT 313.05 218.30 Td (W) Tj ET Q q 0 0 0 rg BT 321.69 218.30 Td (e ) Tj ET Q q 0 0 0 rg BT 327.91 218.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 358.57 218.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 399.79 218.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 433.24 218.30 Td (for ) Tj ET Q q 0 0 0 rg BT 446.68 218.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 482.33 218.30 Td (metals ) Tj ET Q q 0 0 0 rg BT 510.22 218.30 Td (will ) Tj ET Q q 0 0 0 rg BT 527.57 218.30 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.30 Td (to ) Tj ET Q q 0 0 0 rg BT 60.51 206.30 Td (be ) Tj ET Q q 0 0 0 rg BT 72.69 206.30 Td (driven ) Tj ET Q q 0 0 0 rg BT 100.97 206.30 Td (by ) Tj ET Q q 0 0 0 rg BT 113.70 206.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 143.64 206.30 Td (including ) Tj ET Q q 0 0 0 rg BT 184.15 206.30 Td (global ) Tj ET Q q 0 0 0 rg BT 211.88 206.30 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 268.48 206.30 Td (spending, ) Tj ET Q q 0 0 0 rg BT 309.82 206.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 333.10 206.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 355.27 206.30 Td (investment, ) Tj ET Q q 0 0 0 rg BT 404.39 206.30 Td (consumer ) Tj ET Q q 0 0 0 rg BT 446.00 206.30 Td (spending, ) Tj ET Q q 0 0 0 rg BT 487.34 206.30 Td (commodity ) Tj ET Q q 0 0 0 rg BT 535.63 206.30 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.30 Td (availability ) Tj ET Q q 0 0 0 rg BT 98.31 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 109.97 194.30 Td (credit, ) Tj ET Q q 0 0 0 rg BT 138.56 194.30 Td (government ) Tj ET Q q 0 0 0 rg BT 189.65 194.30 Td (stimulus ) Tj ET Q q 0 0 0 rg BT 226.88 194.30 Td (programs, ) Tj ET Q q 0 0 0 rg BT 270.47 194.30 Td (and ) Tj ET Q q 0 0 0 rg BT 288.24 194.30 Td (by ) Tj ET Q q 0 0 0 rg BT 301.57 194.30 Td (an ) Tj ET Q q 0 0 0 rg BT 314.33 194.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 355.42 194.30 Td (focus ) Tj ET Q q 0 0 0 rg BT 380.40 194.30 Td (on ) Tj ET Q q 0 0 0 rg BT 393.73 194.30 Td (environmental ) Tj ET Q q 0 0 0 rg BT 454.82 194.30 Td (policies ) Tj ET Q q 0 0 0 rg BT 489.25 194.30 Td (promoting ) Tj ET Q q 0 0 0 rg BT 534.24 194.30 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.30 Td (resource ) Tj ET Q q 0 0 0 rg BT 86.37 182.30 Td (conservation ) Tj ET Q q 0 0 0 rg BT 139.96 182.30 Td (and ) Tj ET Q q 0 0 0 rg BT 156.90 182.30 Td (the ) Tj ET Q q 0 0 0 rg BT 171.62 182.30 Td (use ) Tj ET Q q 0 0 0 rg BT 187.45 182.30 Td (of ) Tj ET Q q 0 0 0 rg BT 198.28 182.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 234.64 182.30 Td (metals ) Tj ET Q q 0 0 0 rg BT 263.24 182.30 Td (in ) Tj ET Q q 0 0 0 rg BT 273.52 182.30 Td (the ) Tj ET Q q 0 0 0 rg BT 288.24 182.30 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 342.39 182.30 Td (process ) Tj ET Q q 0 0 0 rg BT 374.88 182.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 416.80 182.30 Td (to ) Tj ET Q q 0 0 0 rg BT 427.08 182.30 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 475.67 182.30 Td (such ) Tj ET Q q 0 0 0 rg BT 496.50 182.30 Td (as ) Tj ET Q q 0 0 0 rg BT 507.33 182.30 Td (iron ) Tj ET Q q 0 0 0 rg BT 525.94 182.30 Td (ore.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.30 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 99.40 161.30 Td (exports ) Tj ET Q q 0 0 0 rg BT 132.69 161.30 Td (made ) Tj ET Q q 0 0 0 rg BT 158.19 161.30 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.05 161.30 Td (64%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.38 161.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.73 161.30 Td (62%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.06 161.30 Td ( ) Tj ET Q q 0 0 0 rg BT 218.91 161.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.21 161.30 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.54 161.30 Td ( ) Tj ET Q q 0 0 0 rg BT 259.39 161.30 Td (of ) Tj ET Q q 0 0 0 rg BT 270.72 161.30 Td (AMR) Tj ET Q q 0 0 0 rg BT 296.28 161.30 Td (s ) Tj ET Q q 0 0 0 rg BT 304.03 161.30 Td (total ) Tj ET Q q 0 0 0 rg BT 325.65 161.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 372.83 161.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 396.12 161.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 433.86 161.30 Td (in ) Tj ET Q q 0 0 0 rg BT 445.49 161.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.00 161.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 497.35 161.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 521.20 161.30 Td (and ) Tj ET Q q 0 0 0 rg BT 539.50 161.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 161.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 149.30 Td (. ) Tj ET Q q 0 0 0 rg BT 101.98 149.30 Td (China ) Tj ET Q q 0 0 0 rg BT 127.70 149.30 Td (and ) Tj ET Q q 0 0 0 rg BT 143.96 149.30 Td (the ) Tj ET Q q 0 0 0 rg BT 158.00 149.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 177.60 149.30 Td (have ) Tj ET Q q 0 0 0 rg BT 198.31 149.30 Td (been ) Tj ET Q q 0 0 0 rg BT 219.01 149.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.05 149.30 Td (lar) Tj ET Q q 0 0 0 rg BT 243.41 149.30 Td (gest ) Tj ET Q q 0 0 0 rg BT 261.35 149.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 282.61 149.30 Td (destinations ) Tj ET Q q 0 0 0 rg BT 332.20 149.30 Td (in ) Tj ET Q q 0 0 0 rg BT 341.81 149.30 Td (the ) Tj ET Q q 0 0 0 rg BT 355.85 149.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 400.99 149.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 436.97 149.30 Td (unlike ) Tj ET Q q 0 0 0 rg BT 463.79 149.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.83 149.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 507.97 149.30 Td (market ) Tj ET Q q 0 0 0 rg BT 537.56 149.30 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.30 Td (is ) Tj ET Q q 0 0 0 rg BT 58.95 137.30 Td (highly ) Tj ET Q q 0 0 0 rg BT 86.79 137.30 Td (diversified ) Tj ET Q q 0 0 0 rg BT 131.84 137.30 Td (with ) Tj ET Q q 0 0 0 rg BT 151.90 137.30 Td (no ) Tj ET Q q 0 0 0 rg BT 164.18 137.30 Td (single ) Tj ET Q q 0 0 0 rg BT 190.35 137.30 Td (country ) Tj ET Q q 0 0 0 rg BT 223.18 137.30 Td (other ) Tj ET Q q 0 0 0 rg BT 246.01 137.30 Td (than ) Tj ET Q q 0 0 0 rg BT 265.51 137.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.01 137.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 300.08 137.30 Td (being ) Tj ET Q q 0 0 0 rg BT 324.58 137.30 Td (the ) Tj ET Q q 0 0 0 rg BT 339.07 137.30 Td (dominant ) Tj ET Q q 0 0 0 rg BT 379.13 137.30 Td (destination ) Tj ET Q q 0 0 0 rg BT 425.30 137.30 Td (for ) Tj ET Q q 0 0 0 rg BT 439.24 137.30 Td (our ) Tj ET Q q 0 0 0 rg BT 454.85 137.30 Td (products ) Tj ET Q q 0 0 0 rg BT 491.57 137.30 Td (from ) Tj ET Q q 0 0 0 rg BT 513.29 137.30 Td (year ) Tj ET Q q 0 0 0 rg BT 532.78 137.30 Td (to ) Tj ET Q q 0 0 0 rg BT 542.84 137.30 Td (year) Tj ET Q q 0 0 0 rg BT 559.50 137.30 Td (.) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 98.896484375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.08 727.10 Td (delivers ) Tj ET Q q 0 0 0 rg BT 109.04 727.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 145.20 727.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 175.83 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.57 727.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 238.19 727.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 261.59 727.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 286.10 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.18 727.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 327.36 727.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 370.21 727.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.51 727.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 401.48 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.22 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.30 727.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 466.70 727.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 509.55 727.10 Td (by ) Tj ET Q q 0 0 0 rg BT 521.85 727.10 Td (bar) Tj ET Q q 0 0 0 rg BT 534.44 727.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 548.68 727.10 Td (rail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.63 715.10 Td (road ) Tj ET Q q 0 0 0 rg BT 92.60 715.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 153.33 715.10 Td (networks. ) Tj ET Q q 0 0 0 rg BT 197.69 715.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 221.23 715.10 Td (ef) Tj ET Q q 0 0 0 rg BT 228.81 715.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 272.32 715.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.72 715.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 330.45 715.10 Td (by ) Tj ET Q q 0 0 0 rg BT 345.64 715.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.60 715.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 412.68 715.10 Td (water ) Tj ET Q q 0 0 0 rg BT 440.08 715.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 478.59 715.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 518.22 715.10 Td (at ) Tj ET Q q 0 0 0 rg BT 530.63 715.10 Td (Everett, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 114.04 703.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 153.91 703.10 Td (Oregon; ) Tj ET Q q 0 0 0 rg BT 190.17 703.10 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 230.04 703.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 276.60 703.10 Td (T) Tj ET Q q 0 0 0 rg BT 282.01 703.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 313.84 703.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.48 703.10 Td (ashington; ) Tj ET Q q 0 0 0 rg BT 367.63 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.56 703.10 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 436.54 703.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 466.14 703.10 Td (Island, ) Tj ET Q q 0 0 0 rg BT 496.56 703.10 Td (all ) Tj ET Q q 0 0 0 rg BT 510.05 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.87 703.10 Td (which ) Tj ET Q q 0 0 0 rg BT 549.80 703.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 81.75 691.10 Td (except ) Tj ET Q q 0 0 0 rg BT 110.43 691.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.69 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.49 691.10 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 189.57 691.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 218.27 691.10 Td (Island ) Tj ET Q q 0 0 0 rg BT 245.30 691.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 276.21 691.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.23 691.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.50 691.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 349.51 691.10 Td (under ) Tj ET Q q 0 0 0 rg BT 374.87 691.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.90 691.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 423.92 691.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 448.81 691.10 Td (W) Tj ET Q q 0 0 0 rg BT 457.45 691.10 Td (e ) Tj ET Q q 0 0 0 rg BT 464.48 691.10 Td (also ) Tj ET Q q 0 0 0 rg BT 483.17 691.10 Td (have ) Tj ET Q q 0 0 0 rg BT 504.64 691.10 Td (access ) Tj ET Q q 0 0 0 rg BT 532.77 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.14 691.10 Td (deep ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (water ) Tj ET Q q 0 0 0 rg BT 74.23 679.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 109.57 679.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 146.01 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 155.25 679.10 Td (Kapolei, ) Tj ET Q q 0 0 0 rg BT 191.42 679.10 Td (Hawaii ) Tj ET Q q 0 0 0 rg BT 222.32 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.78 679.10 Td (Salinas, ) Tj ET Q q 0 0 0 rg BT 272.18 679.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 300.31 679.10 Td (Rico ) Tj ET Q q 0 0 0 rg BT 321.22 679.10 Td (through ) Tj ET Q q 0 0 0 rg BT 354.34 679.10 Td (public ) Tj ET Q q 0 0 0 rg BT 381.36 679.10 Td (docks. ) Tj ET Q q 0 0 0 rg BT 409.21 679.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.78 679.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 451.56 679.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 472.46 679.10 Td (water ) Tj ET Q q 0 0 0 rg BT 496.69 679.10 Td (terminals ) Tj ET Q q 0 0 0 rg BT 535.92 679.10 Td (enable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (us ) Tj ET Q q 0 0 0 rg BT 60.90 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 70.68 667.10 Td (load ) Tj ET Q q 0 0 0 rg BT 89.91 667.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 120.23 667.10 Td (material ) Tj ET Q q 0 0 0 rg BT 155.00 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.79 667.10 Td (lar) Tj ET Q q 0 0 0 rg BT 175.15 667.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 186.60 667.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 216.93 667.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 249.47 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.81 667.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 292.37 667.10 Td (up ) Tj ET Q q 0 0 0 rg BT 304.38 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.17 667.10 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 343.67 667.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 362.35 667.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.02 667.10 Td (trans-oceanic ) Tj ET Q q 0 0 0 rg BT 431.32 667.10 Td (shipments. ) Tj ET Q q 0 0 0 rg BT 475.94 667.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 525.85 667.10 Td (, ) Tj ET Q q 0 0 0 rg BT 530.35 667.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.51 655.10 Td (own ) Tj ET Q q 0 0 0 rg BT 84.57 655.10 Td (most ) Tj ET Q q 0 0 0 rg BT 106.87 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.04 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.11 655.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 169.27 655.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 206.55 655.10 Td (at ) Tj ET Q q 0 0 0 rg BT 216.61 655.10 Td (which ) Tj ET Q q 0 0 0 rg BT 243.26 655.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 268.89 655.10 Td (operates, ) Tj ET Q q 0 0 0 rg BT 306.93 655.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 332.55 655.10 Td (is ) Tj ET Q q 0 0 0 rg BT 342.07 655.10 Td (not ) Tj ET Q q 0 0 0 rg BT 357.69 655.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 396.64 655.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 427.81 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.44 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.50 655.10 Td (same ) Tj ET Q q 0 0 0 rg BT 476.89 655.10 Td (berthing ) Tj ET Q q 0 0 0 rg BT 513.06 655.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 541.46 655.10 Td (often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 100.63 643.10 Td (by ) Tj ET Q q 0 0 0 rg BT 112.96 643.10 Td (users ) Tj ET Q q 0 0 0 rg BT 135.84 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.50 643.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 164.08 643.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 194.73 643.10 Td (terminals. ) Tj ET Q q 0 0 0 rg BT 236.60 643.10 Td (W) Tj ET Q q 0 0 0 rg BT 245.24 643.10 Td (e ) Tj ET Q q 0 0 0 rg BT 252.01 643.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 283.21 643.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.02 643.10 Td (AMR) Tj ET Q q 0 0 0 rg BT 325.58 643.10 Td (s ) Tj ET Q q 0 0 0 rg BT 331.80 643.10 Td (loading ) Tj ET Q q 0 0 0 rg BT 364.12 643.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 386.45 643.10 Td (are ) Tj ET Q q 0 0 0 rg BT 400.98 643.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 426.08 643.10 Td (than ) Tj ET Q q 0 0 0 rg BT 445.63 643.10 Td (at ) Tj ET Q q 0 0 0 rg BT 455.17 643.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 490.82 643.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 527.58 643.10 Td (operated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.07 631.10 Td (third ) Tj ET Q q 0 0 0 rg BT 85.02 631.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 117.25 631.10 Td (From ) Tj ET Q q 0 0 0 rg BT 141.98 631.10 Td (time ) Tj ET Q q 0 0 0 rg BT 162.82 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.67 631.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 196.33 631.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 222.19 631.10 Td (may ) Tj ET Q q 0 0 0 rg BT 242.47 631.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 265.52 631.10 Td (into ) Tj ET Q q 0 0 0 rg BT 284.15 631.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 323.31 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.71 631.10 Td (af) Tj ET Q q 0 0 0 rg BT 342.30 631.10 Td (freightment, ) Tj ET Q q 0 0 0 rg BT 394.51 631.10 Td (which ) Tj ET Q q 0 0 0 rg BT 422.02 631.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 463.95 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.24 631.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 527.29 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.69 631.10 Td (ocean ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (going ) Tj ET Q q 0 0 0 rg BT 75.28 619.10 Td (vessels, ) Tj ET Q q 0 0 0 rg BT 108.61 619.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.89 619.10 Td (order ) Tj ET Q q 0 0 0 rg BT 142.49 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.76 619.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 186.36 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.07 619.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 222.47 619.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 266.06 619.10 Td (with ) Tj ET Q q 0 0 0 rg BT 286.34 619.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 305.51 619.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 352.99 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.93 619.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 399.09 619.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.88 598.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 113.52 598.10 Td (products ) Tj ET Q q 0 0 0 rg BT 150.28 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.81 598.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 198.25 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.35 598.10 Td (containers, ) Tj ET Q q 0 0 0 rg BT 254.27 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 281.03 598.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 301.13 598.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 313.46 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.56 598.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 335.88 598.10 Td (tons, ) Tj ET Q q 0 0 0 rg BT 357.38 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 379.14 598.10 Td (container ) Tj ET Q q 0 0 0 rg BT 418.67 598.10 Td (ports ) Tj ET Q q 0 0 0 rg BT 440.99 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.75 598.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 473.40 598.10 Td (ramps ) Tj ET Q q 0 0 0 rg BT 500.17 598.10 Td (located ) Tj ET Q q 0 0 0 rg BT 531.36 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.46 598.10 Td (close ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 91.68 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.69 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.25 586.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 156.69 586.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 195.85 586.10 Td (Containerized ) Tj ET Q q 0 0 0 rg BT 254.17 586.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 296.97 586.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.41 586.10 Td (exported ) Tj ET Q q 0 0 0 rg BT 348.63 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.86 586.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 390.86 586.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 421.42 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.43 586.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 474.21 586.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 509.22 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.89 586.10 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 93.06 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 107.76 574.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 145.25 574.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 178.86 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 191.36 574.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 207.19 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.02 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.52 574.10 Td (truck. ) Tj ET Q q 0 0 0 rg BT 256.06 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.91 553.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 96.81 553.10 Td (used ) Tj ET Q q 0 0 0 rg BT 118.27 553.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 138.61 553.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 161.17 553.10 Td (from ) Tj ET Q q 0 0 0 rg BT 183.74 553.10 Td (its ) Tj ET Q q 0 0 0 rg BT 196.31 553.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 245.52 553.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 269.18 553.10 Td (stores. ) Tj ET Q q 0 0 0 rg BT 298.14 553.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 322.36 553.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 366.04 553.10 Td (have ) Tj ET Q q 0 0 0 rg BT 388.04 553.10 Td (pulled ) Tj ET Q q 0 0 0 rg BT 416.16 553.10 Td (desirable ) Tj ET Q q 0 0 0 rg BT 455.38 553.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 477.94 553.10 Td (from ) Tj ET Q q 0 0 0 rg BT 500.50 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.84 553.10 Td (vehicle, ) Tj ET Q q 0 0 0 rg BT 550.34 553.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 81.80 541.10 Td (other ) Tj ET Q q 0 0 0 rg BT 104.15 541.10 Td (valuable ) Tj ET Q q 0 0 0 rg BT 139.84 541.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 169.97 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.22 541.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 231.35 541.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 252.60 541.10 Td (which ) Tj ET Q q 0 0 0 rg BT 278.84 541.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.86 541.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.21 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.46 541.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 394.38 541.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 433.41 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.99 541.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 484.79 541.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 527.15 541.10 Td (by ) Tj ET Q q 0 0 0 rg BT 538.96 541.10 Td (truck. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.12 529.10 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 105.68 529.10 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 151.58 529.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.37 529.10 Td (crushed ) Tj ET Q q 0 0 0 rg BT 200.04 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.06 529.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 250.74 529.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.32 529.10 Td (truck ) Tj ET Q q 0 0 0 rg BT 286.44 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.79 529.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.70 529.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 341.38 529.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 381.15 529.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 418.16 529.10 Td (where ) Tj ET Q q 0 0 0 rg BT 445.16 529.10 Td (geographically ) Tj ET Q q 0 0 0 rg BT 507.16 529.10 Td (feasible, ) Tj ET Q q 0 0 0 rg BT 543.33 529.10 Td (or ) Tj ET Q q 0 0 0 rg BT 554.23 529.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 95.26 517.10 Td (recyclers, ) Tj ET Q q 0 0 0 rg BT 136.35 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.51 517.10 Td (shredding.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 494.7669921875 m 171.7333984375 494.7669921875 l s q 0 0 0 rg BT 50.00 496.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 68.52 496.10 Td (ces of Unpr) Tj ET Q q 0 0 0 rg BT 114.81 496.10 Td (ocessed Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.18 481.10 Td (most ) Tj ET Q q 0 0 0 rg BT 90.26 481.10 Td (common ) Tj ET Q q 0 0 0 rg BT 127.89 481.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 153.86 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.82 481.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 207.99 481.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 260.06 481.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 284.90 481.10 Td (are ) Tj ET Q q 0 0 0 rg BT 299.74 481.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 335.70 481.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 380.54 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.61 481.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 444.96 481.10 Td (such ) Tj ET Q q 0 0 0 rg BT 465.92 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 476.89 481.10 Td (automobiles, ) Tj ET Q q 0 0 0 rg BT 530.90 481.10 Td (railroad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (cars, ) Tj ET Q q 0 0 0 rg BT 71.87 469.10 Td (railroad ) Tj ET Q q 0 0 0 rg BT 106.24 469.10 Td (tracks, ) Tj ET Q q 0 0 0 rg BT 135.89 469.10 Td (home ) Tj ET Q q 0 0 0 rg BT 161.38 469.10 Td (appliances ) Tj ET Q q 0 0 0 rg BT 206.86 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.57 469.10 Td (other ) Tj ET Q q 0 0 0 rg BT 248.39 469.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 290.54 469.10 Td (goods, ) Tj ET Q q 0 0 0 rg BT 320.21 469.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 346.25 469.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 371.74 469.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.45 469.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 456.03 469.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.96 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.67 469.10 Td (demolition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.68 457.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.58 457.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 136.28 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.18 457.10 Td (other ) Tj ET Q q 0 0 0 rg BT 176.20 457.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 235.03 457.10 Td (Unprocessed ) Tj ET Q q 0 0 0 rg BT 289.15 457.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 313.83 457.10 Td (is ) Tj ET Q q 0 0 0 rg BT 322.96 457.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 359.85 457.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.76 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.67 457.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 420.01 457.10 Td (base ) Tj ET Q q 0 0 0 rg BT 440.25 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.04 457.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 489.62 457.10 Td (who ) Tj ET Q q 0 0 0 rg BT 509.31 457.10 Td (unload ) Tj ET Q q 0 0 0 rg BT 538.99 457.10 Td (at ) Tj ET Q q 0 0 0 rg BT 548.68 457.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 90.04 445.10 Td (from ) Tj ET Q q 0 0 0 rg BT 112.58 445.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 134.02 445.10 Td (boxes ) Tj ET Q q 0 0 0 rg BT 160.46 445.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.78 445.10 Td (suppliers) Tj ET Q q 0 0 0 rg BT 209.48 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.58 445.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 253.46 445.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 274.35 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.89 445.10 Td (through ) Tj ET Q q 0 0 0 rg BT 326.11 445.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 370.87 445.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 413.40 445.10 Td (from ) Tj ET Q q 0 0 0 rg BT 435.95 445.10 Td (other ) Tj ET Q q 0 0 0 rg BT 459.60 445.10 Td (lar) Tj ET Q q 0 0 0 rg BT 469.97 445.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 482.51 445.10 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 524.23 445.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (railroads, ) Tj ET Q q 0 0 0 rg BT 90.14 433.10 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 152.49 433.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 200.14 433.10 Td (salvage ) Tj ET Q q 0 0 0 rg BT 232.78 433.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 272.37 433.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 297.24 433.10 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 330.71 433.10 Td (various ) Tj ET Q q 0 0 0 rg BT 362.81 433.10 Td (government ) Tj ET Q q 0 0 0 rg BT 413.23 433.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 444.77 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.87 433.10 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 511.28 433.10 Td (W) Tj ET Q q 0 0 0 rg BT 519.91 433.10 Td (e ) Tj ET Q q 0 0 0 rg BT 527.01 433.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 70.50 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.01 421.10 Td (locate ) Tj ET Q q 0 0 0 rg BT 107.62 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.68 421.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 146.96 421.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 166.91 421.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 189.08 421.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 215.14 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.66 421.10 Td (major ) Tj ET Q q 0 0 0 rg BT 251.71 421.10 Td (population ) Tj ET Q q 0 0 0 rg BT 297.22 421.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 328.27 421.10 Td (with ) Tj ET Q q 0 0 0 rg BT 348.78 421.10 Td (convenient ) Tj ET Q q 0 0 0 rg BT 395.39 421.10 Td (road ) Tj ET Q q 0 0 0 rg BT 415.89 421.10 Td (access. ) Tj ET Q q 0 0 0 rg BT 446.66 421.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 464.94 421.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 484.89 421.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 507.07 421.10 Td (store ) Tj ET Q q 0 0 0 rg BT 529.24 421.10 Td (network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (spans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.62 409.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.62 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.03 409.10 Td (states ) Tj ET Q q 0 0 0 rg BT 111.65 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.83 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.45 409.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 156.63 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.47 409.10 Td (two ) Tj ET Q q 0 0 0 rg BT 190.87 409.10 Td (provinces ) Tj ET Q q 0 0 0 rg BT 232.15 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.16 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 250.80 409.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 277.08 409.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 311.96 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.15 409.10 Td (a ) Tj ET Q q 0 0 0 rg BT 338.99 409.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 375.27 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.00 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.62 409.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 426.35 409.10 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 479.84 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.02 409.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 521.86 409.10 Td (where ) Tj ET Q q 0 0 0 rg BT 548.69 409.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 397.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 73.10 397.10 Td (shredders ) Tj ET Q q 0 0 0 rg BT 114.71 397.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.22 397.10 Td (located. ) Tj ET Q q 0 0 0 rg BT 164.65 397.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 202.38 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.00 397.10 Td (network ) Tj ET Q q 0 0 0 rg BT 255.07 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.69 397.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 287.20 397.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 309.94 397.10 Td (stores, ) Tj ET Q q 0 0 0 rg BT 339.06 397.10 Td (we ) Tj ET Q q 0 0 0 rg BT 354.02 397.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 375.08 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.15 397.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 414.44 397.10 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 452.72 397.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 488.78 397.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.52 397.10 Td (five ) Tj ET Q q 0 0 0 rg BT 530.36 397.10 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (sources: ) Tj ET Q q 0 0 0 rg BT 84.42 385.10 Td (private ) Tj ET Q q 0 0 0 rg BT 113.84 385.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 144.65 385.10 Td (tow ) Tj ET Q q 0 0 0 rg BT 161.30 385.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 208.22 385.10 Td (charities, ) Tj ET Q q 0 0 0 rg BT 246.24 385.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 265.11 385.10 Td (auctions ) Tj ET Q q 0 0 0 rg BT 300.09 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.18 385.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 357.82 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.91 385.10 Td (other ) Tj ET Q q 0 0 0 rg BT 396.11 385.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 436.00 385.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 460.43 385.10 Td (has ) Tj ET Q q 0 0 0 rg BT 475.41 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.51 385.10 Td (program ) Tj ET Q q 0 0 0 rg BT 517.04 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.47 385.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 85.61 373.10 Td (from ) Tj ET Q q 0 0 0 rg BT 107.89 373.10 Td (private ) Tj ET Q q 0 0 0 rg BT 138.50 373.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 168.00 373.10 Td (called ) Tj ET Q q 0 0 0 rg BT 194.72 373.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 222.01 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.51 373.10 Td (Junk ) Tj ET Q q 0 0 0 rg BT 258.25 373.10 Td (Cars ) Tj ET Q q 0 0 0 rg BT 283.86 373.10 Td (which ) Tj ET Q q 0 0 0 rg BT 311.15 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 320.66 373.10 Td (advertised ) Tj ET Q q 0 0 0 rg BT 364.60 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.23 373.10 Td (local ) Tj ET Q q 0 0 0 rg BT 397.51 373.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 434.51 373.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 465.68 373.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 495.18 373.10 Td (either ) Tj ET Q q 0 0 0 rg BT 520.79 373.10 Td (call ) Tj ET Q q 0 0 0 rg BT 538.07 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.35 373.10 Td (toll-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (free ) Tj ET Q q 0 0 0 rg BT 67.75 361.10 Td (number ) Tj ET Q q 0 0 0 rg BT 100.52 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.17 361.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 148.25 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.91 361.10 Td (quote ) Tj ET Q q 0 0 0 rg BT 179.34 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.22 361.10 Td (their ) Tj ET Q q 0 0 0 rg BT 213.76 361.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 244.85 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.40 361.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 282.61 361.10 Td (an ) Tj ET Q q 0 0 0 rg BT 294.26 361.10 Td (instant ) Tj ET Q q 0 0 0 rg BT 323.14 361.10 Td (online ) Tj ET Q q 0 0 0 rg BT 350.36 361.10 Td (quote. ) Tj ET Q q 0 0 0 rg BT 377.13 361.10 Td (The ) Tj ET Q q 0 0 0 rg BT 394.89 361.10 Td (private ) Tj ET Q q 0 0 0 rg BT 424.87 361.10 Td (party ) Tj ET Q q 0 0 0 rg BT 447.64 361.10 Td (can ) Tj ET Q q 0 0 0 rg BT 463.73 361.10 Td (either ) Tj ET Q q 0 0 0 rg BT 488.71 361.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 518.69 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 361.10 Td (vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.24 349.10 Td (one ) Tj ET Q q 0 0 0 rg BT 77.14 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.93 349.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.73 349.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 126.73 349.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 165.30 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.09 349.10 Td (arrange ) Tj ET Q q 0 0 0 rg BT 208.53 349.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.65 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.33 349.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 268.66 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.90 349.10 Td (be ) Tj ET Q q 0 0 0 rg BT 290.81 349.10 Td (picked ) Tj ET Q q 0 0 0 rg BT 319.92 349.10 Td (up. ) Tj ET Q q 0 0 0 rg BT 334.34 349.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 359.59 349.10 Td (also ) Tj ET Q q 0 0 0 rg BT 378.16 349.10 Td (employs ) Tj ET Q q 0 0 0 rg BT 414.51 349.10 Td (car ) Tj ET Q q 0 0 0 rg BT 429.18 349.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 458.30 349.10 Td (who ) Tj ET Q q 0 0 0 rg BT 477.98 349.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 503.21 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.45 349.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 547.57 349.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 65.28 337.10 Td (on ) Tj ET Q q 0 0 0 rg BT 77.78 337.10 Td (vehicles. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.12 316.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 106.57 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.68 316.10 Td (AMR) Tj ET Q q 0 0 0 rg BT 143.24 316.10 Td (s ) Tj ET Q q 0 0 0 rg BT 150.71 316.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 175.38 316.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 201.16 316.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 244.16 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.17 316.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 308.51 316.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 346.51 316.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 378.94 316.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 431.94 316.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 457.72 316.10 Td (via ) Tj ET Q q 0 0 0 rg BT 473.51 316.10 Td (major ) Tj ET Q q 0 0 0 rg BT 500.41 316.10 Td (railroad ) Tj ET Q q 0 0 0 rg BT 535.07 316.10 Td (routes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (waterways ) Tj ET Q q 0 0 0 rg BT 94.58 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.73 304.10 Td (highways. ) Tj ET Q q 0 0 0 rg BT 147.38 304.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 176.42 304.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 215.44 304.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 251.69 304.10 Td (situated ) Tj ET Q q 0 0 0 rg BT 284.61 304.10 Td (near ) Tj ET Q q 0 0 0 rg BT 303.64 304.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 327.67 304.10 Td (sellers ) Tj ET Q q 0 0 0 rg BT 355.04 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.30 304.10 Td (major ) Tj ET Q q 0 0 0 rg BT 396.44 304.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 453.81 304.10 Td (routes ) Tj ET Q q 0 0 0 rg BT 480.06 304.10 Td (have ) Tj ET Q q 0 0 0 rg BT 500.76 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.80 304.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 92.98 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.77 292.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 137.87 292.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 166.97 292.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.43 292.10 Td (because ) Tj ET Q q 0 0 0 rg BT 223.52 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.31 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.98 292.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 293.64 292.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 312.20 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.98 292.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 352.09 292.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 384.53 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.76 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.43 292.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 427.99 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.77 292.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 465.76 292.10 Td (The ) Tj ET Q q 0 0 0 rg BT 483.76 292.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 522.31 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.55 292.10 Td (AMR) Tj ET Q q 0 0 0 rg BT 558.12 292.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 280.10 Td (est ) Tj ET Q q 0 0 0 rg BT 73.00 280.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 99.04 280.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 136.73 280.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 170.53 280.10 Td (access ) Tj ET Q q 0 0 0 rg BT 199.33 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.37 280.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 243.61 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.20 280.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 307.89 280.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 333.36 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.40 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.87 280.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 399.23 280.10 Td (California ) Tj ET Q q 0 0 0 rg BT 443.03 280.10 Td (region, ) Tj ET Q q 0 0 0 rg BT 474.33 280.10 Td (northward ) Tj ET Q q 0 0 0 rg BT 518.69 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.49 280.10 Td (W) Tj ET Q q 0 0 0 rg BT 538.13 280.10 Td (estern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 83.37 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.44 268.10 Td (Alaska, ) Tj ET Q q 0 0 0 rg BT 134.09 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.91 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.07 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.67 268.10 Td (East, ) Tj ET Q q 0 0 0 rg BT 201.77 268.10 Td (including ) Tj ET Q q 0 0 0 rg BT 242.92 268.10 Td (Idaho, ) Tj ET Q q 0 0 0 rg BT 271.57 268.10 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 313.00 268.10 Td (Utah, ) Tj ET Q q 0 0 0 rg BT 338.32 268.10 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 378.92 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.74 268.10 Td (Nevada. ) Tj ET Q q 0 0 0 rg BT 432.91 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 451.84 268.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 491.32 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.04 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 268.10 Td (East ) Tj ET Q q 0 0 0 rg BT 539.23 268.10 Td (Coast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 87.84 256.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 121.80 256.10 Td (access ) Tj ET Q q 0 0 0 rg BT 150.74 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.93 256.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 195.33 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.08 256.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 259.91 256.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 285.54 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.73 256.10 Td (New ) Tj ET Q q 0 0 0 rg BT 318.51 256.10 Td (Y) Tj ET Q q 0 0 0 rg BT 324.73 256.10 Td (ork, ) Tj ET Q q 0 0 0 rg BT 343.97 256.10 Td (Connecticut, ) Tj ET Q q 0 0 0 rg BT 398.20 256.10 Td (Maine, ) Tj ET Q q 0 0 0 rg BT 429.66 256.10 Td (Massachusetts, ) Tj ET Q q 0 0 0 rg BT 493.34 256.10 Td (New ) Tj ET Q q 0 0 0 rg BT 515.63 256.10 Td (Hampshire, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 79.23 244.10 Td (Island, ) Tj ET Q q 0 0 0 rg BT 109.07 244.10 Td (V) Tj ET Q q 0 0 0 rg BT 115.18 244.10 Td (ermont, ) Tj ET Q q 0 0 0 rg BT 149.13 244.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 182.24 244.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 215.35 244.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 235.41 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 257.98 244.10 Td (time ) Tj ET Q q 0 0 0 rg BT 278.87 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.77 244.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 313.17 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.51 244.10 Td (Midwest. ) Tj ET Q q 0 0 0 rg BT 369.14 244.10 Td (In ) Tj ET Q q 0 0 0 rg BT 380.59 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.93 244.10 Td (Southeastern ) Tj ET Q q 0 0 0 rg BT 450.71 244.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 474.12 244.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 535.00 244.10 Td (half ) Tj ET Q q 0 0 0 rg BT 553.67 244.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (AMR) Tj ET Q q 0 0 0 rg BT 75.56 232.10 Td (s ) Tj ET Q q 0 0 0 rg BT 81.63 232.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 112.13 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.74 232.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 174.24 232.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 225.84 232.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 250.23 232.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 282.41 232.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.25 232.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 333.97 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 355.58 232.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 395.53 232.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 442.97 232.10 Td (including ) Tj ET Q q 0 0 0 rg BT 482.92 232.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 502.32 232.10 Td (manufacturers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.98 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.40 220.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 127.15 220.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 159.35 220.10 Td (being ) Tj ET Q q 0 0 0 rg BT 183.77 220.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 226.51 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.16 220.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 279.79 220.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 310.31 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.96 220.10 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 375.95 220.10 Td (These ) Tj ET Q q 0 0 0 rg BT 402.03 220.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 442.01 220.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 486.97 220.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.24 220.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 544.23 220.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 78.60 208.10 Td (that ) Tj ET Q q 0 0 0 rg BT 96.10 208.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.81 208.10 Td (by-products ) Tj ET Q q 0 0 0 rg BT 161.07 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.90 208.10 Td (their ) Tj ET Q q 0 0 0 rg BT 192.73 208.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 253.54 208.10 Td (processes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.63 187.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 98.37 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.78 187.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 133.96 187.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 159.25 187.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.77 187.10 Td (these ) Tj ET Q q 0 0 0 rg BT 205.39 187.10 Td (various ) Tj ET Q q 0 0 0 rg BT 237.91 187.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 270.98 187.10 Td (can ) Tj ET Q q 0 0 0 rg BT 287.93 187.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 325.99 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.85 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.15 187.10 Td (level ) Tj ET Q q 0 0 0 rg BT 384.66 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.07 187.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 438.02 187.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 471.09 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.94 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.24 187.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 518.10 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.62 187.10 Td (can ) Tj ET Q q 0 0 0 rg BT 552.57 187.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 87.16 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.10 175.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 140.37 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.31 175.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 173.57 175.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 197.95 175.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 226.49 175.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 274.74 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.69 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.07 175.10 Td (short ) Tj ET Q q 0 0 0 rg BT 321.23 175.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 344.06 175.10 Td (The ) Tj ET Q q 0 0 0 rg BT 361.78 175.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 390.61 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.11 175.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 424.37 175.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 448.75 175.10 Td (can ) Tj ET Q q 0 0 0 rg BT 464.79 175.10 Td (also ) Tj ET Q q 0 0 0 rg BT 483.06 175.10 Td (fluctuate, ) Tj ET Q q 0 0 0 rg BT 522.70 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.65 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.25 175.10 Td (lesser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (degree, ) Tj ET Q q 0 0 0 rg BT 81.20 163.10 Td (due ) Tj ET Q q 0 0 0 rg BT 97.68 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.51 163.10 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 143.44 163.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 175.20 163.10 Td (such ) Tj ET Q q 0 0 0 rg BT 195.58 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.96 163.10 Td (severe ) Tj ET Q q 0 0 0 rg BT 233.54 163.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 267.24 163.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 310.95 163.10 Td (during ) Tj ET Q q 0 0 0 rg BT 339.11 163.10 Td (winter ) Tj ET Q q 0 0 0 rg BT 366.71 163.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 400.71 163.10 Td (which ) Tj ET Q q 0 0 0 rg BT 427.19 163.10 Td (can ) Tj ET Q q 0 0 0 rg BT 443.12 163.10 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 471.28 163.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 494.43 163.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 518.69 163.10 Td (collections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.30 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.71 151.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 113.72 151.10 Td (Severe ) Tj ET Q q 0 0 0 rg BT 143.01 151.10 Td (winter ) Tj ET Q q 0 0 0 rg BT 170.64 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.16 151.10 Td (summer ) Tj ET Q q 0 0 0 rg BT 221.46 151.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 255.18 151.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 298.93 151.10 Td (can ) Tj ET Q q 0 0 0 rg BT 314.89 151.10 Td (also ) Tj ET Q q 0 0 0 rg BT 333.08 151.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 373.47 151.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 402.77 151.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 425.39 151.10 Td (admissions ) Tj ET Q q 0 0 0 rg BT 471.92 151.10 Td (at ) Tj ET Q q 0 0 0 rg BT 481.22 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 496.63 151.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 544.80 151.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 71.94 139.10 Td (stores.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 116.76699218750002 m 82.763671875 116.76699218750002 l s q 0 0 0 rg BT 50.00 118.10 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.74 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.70 103.10 Td (September ) Tj ET Q q 0 0 0 rg BT 120.10 103.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.22 103.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.22 103.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.77 103.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 185.19 103.10 Td (had ) Tj ET Q q 0 0 0 rg BT 202.25 103.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.32 103.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 243.61 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.57 103.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 282.19 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.59 103.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.11 103.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 326.74 103.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.63 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.26 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.22 103.10 Td (export ) Tj ET Q q 0 0 0 rg BT 397.40 103.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 428.35 103.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 453.19 103.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 495.24 103.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 103.10 Td ($48 ) Tj ET Q q 0 0 0 rg BT 523.28 103.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.17 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.80 103.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.73 91.10 Td (same ) Tj ET Q q 0 0 0 rg BT 87.79 91.10 Td (time ) Tj ET Q q 0 0 0 rg BT 108.07 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.36 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.09 91.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 155.04 91.10 Td (year ) Tj ET Q q 0 0 0 rg BT 174.76 91.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 214.49 91.10 Td (due ) Tj ET Q q 0 0 0 rg BT 231.44 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.73 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.46 91.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 285.08 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.93 91.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 319.82 91.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 369.72 91.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.74 91.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.58 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.42 91.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.70 91.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.70 91.10 Td (, ) Tj ET Q q 0 0 0 rg BT 481.15 91.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 506.45 91.10 Td (had ) Tj ET Q q 0 0 0 rg BT 523.40 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.35 91.10 Td (backlog ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.05 79.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 88.77 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.27 79.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.88 79.10 Td ($31 ) Tj ET Q q 0 0 0 rg BT 133.60 79.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.22 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.27 79.10 Td (export ) Tj ET Q q 0 0 0 rg BT 204.54 79.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 250.59 79.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 275.52 79.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 317.67 79.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.17 79.10 Td ($33 ) Tj ET Q q 0 0 0 rg BT 345.90 79.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.79 79.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.51 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.01 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.95 79.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 425.12 79.10 Td (year ) Tj ET Q q 0 0 0 rg BT 445.05 79.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 484.98 79.10 Td (due ) Tj ET Q q 0 0 0 rg BT 502.14 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.65 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.59 79.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.42 67.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 89.72 67.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 116.23 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.31 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.17 67.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 176.92 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.89 67.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 212.27 67.10 Td (W) Tj ET Q q 0 0 0 rg BT 220.91 67.10 Td (e ) Tj ET Q q 0 0 0 rg BT 227.99 67.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 256.72 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.13 67.10 Td (fill ) Tj ET Q q 0 0 0 rg BT 281.44 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.29 67.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 329.47 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.44 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.30 67.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 389.59 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.56 67.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 428.19 67.10 Td (for ) Tj ET Q q 0 0 0 rg BT 442.48 67.10 Td (export ) Tj ET Q q 0 0 0 rg BT 470.67 67.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 501.63 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.71 67.10 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.71 55.10 Td (during ) Tj ET Q q 0 0 0 rg BT 103.32 55.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 127.48 55.10 Td (2017.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (7) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 99.443359375 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.66 727.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 116.30 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.96 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.05 727.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 162.71 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.03 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.48 727.10 Td (W) Tj ET Q q 0 0 0 rg BT 199.11 727.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 225.87 727.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 258.73 727.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.27 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.36 727.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 326.78 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.98 727.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 361.96 727.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 387.05 727.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.71 727.10 Td (lar) Tj ET Q q 0 0 0 rg BT 418.07 727.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 432.89 727.10 Td (well-financed ) Tj ET Q q 0 0 0 rg BT 490.74 727.10 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 529.70 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.91 727.10 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 77.78 715.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 99.17 715.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 122.24 715.10 Td (that ) Tj ET Q q 0 0 0 rg BT 140.30 715.10 Td (own ) Tj ET Q q 0 0 0 rg BT 160.59 715.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 184.76 715.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 209.48 715.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 229.49 715.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 281.43 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.27 715.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 319.76 715.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 346.43 715.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.27 715.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 399.77 715.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 425.05 715.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 462.54 715.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.05 715.10 Td (dealers. ) Tj ET Q q 0 0 0 rg BT 513.25 715.10 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 544.80 715.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 76.60 703.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 113.74 703.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.67 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.16 703.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 182.96 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.56 703.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 240.58 703.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 276.62 703.10 Td (with ) Tj ET Q q 0 0 0 rg BT 297.66 703.10 Td (other ) Tj ET Q q 0 0 0 rg BT 321.48 703.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 341.97 703.10 Td (dismantlers, ) Tj ET Q q 0 0 0 rg BT 393.84 703.10 Td (used ) Tj ET Q q 0 0 0 rg BT 415.44 703.10 Td (car ) Tj ET Q q 0 0 0 rg BT 430.91 703.10 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 465.00 703.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 485.48 703.10 Td (auctions ) Tj ET Q q 0 0 0 rg BT 522.08 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.79 703.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (recyclers. ) Tj ET Q q 0 0 0 rg BT 90.90 691.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.55 691.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 135.79 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.32 691.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 199.84 691.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 229.36 691.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 271.67 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.20 691.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 324.06 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.70 691.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 358.12 691.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 382.64 691.10 Td (are ) Tj ET Q q 0 0 0 rg BT 397.17 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.70 691.10 Td (price ) Tj ET Q q 0 0 0 rg BT 434.00 691.10 Td (of) Tj ET Q q 0 0 0 rg BT 442.15 691.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 465.00 691.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.32 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.85 691.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 533.04 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 691.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 91.84 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.57 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.19 679.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 158.45 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.63 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.25 679.10 Td (source ) Tj ET Q q 0 0 0 rg BT 211.74 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.47 679.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 245.97 679.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 270.58 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.42 679.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 332.57 679.10 Td (vehicles. ) Tj ET Q q 0 0 0 rg BT 369.70 679.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 394.89 679.10 Td (also ) Tj ET Q q 0 0 0 rg BT 413.39 679.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 453.56 679.10 Td (with ) Tj ET Q q 0 0 0 rg BT 473.73 679.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 506.12 679.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.52 679.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 540.92 679.10 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.71 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.21 667.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 114.70 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.53 667.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 164.13 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.07 667.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 212.45 667.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 233.27 667.10 Td (mills.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.79 646.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 87.66 646.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 113.72 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 125.61 646.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 178.61 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.39 646.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 214.62 646.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 255.94 646.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 286.73 646.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 308.06 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.96 646.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 350.18 646.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 373.73 646.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 400.06 646.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 448.61 646.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 472.17 646.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 516.82 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.06 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.73 646.10 Td (U.S., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.05 634.10 Td (led ) Tj ET Q q 0 0 0 rg BT 91.88 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.27 634.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 136.53 634.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 165.82 634.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 190.65 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.60 634.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 225.31 634.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 252.64 634.10 Td (including ) Tj ET Q q 0 0 0 rg BT 293.02 634.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 338.39 634.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 376.27 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.32 634.10 Td (mar) Tj ET Q q 0 0 0 rg BT 408.69 634.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 424.08 634.10 Td (compression. ) Tj ET Q q 0 0 0 rg BT 479.74 634.10 Td (During ) Tj ET Q q 0 0 0 rg BT 510.68 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.51 634.10 Td (last ) Tj ET Q q 0 0 0 rg BT 542.01 634.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 75.12 622.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 102.19 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.88 622.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 160.78 622.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 210.90 622.10 Td (market ) Tj ET Q q 0 0 0 rg BT 242.13 622.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 287.26 622.10 Td (led ) Tj ET Q q 0 0 0 rg BT 302.95 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.19 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 327.10 622.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 363.35 622.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 387.36 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 622.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 444.28 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.53 622.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 492.31 622.10 Td (through ) Tj ET Q q 0 0 0 rg BT 526.89 622.10 Td (idling ) Tj ET Q q 0 0 0 rg BT 553.69 622.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 93.71 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.65 610.10 Td (curtailment ) Tj ET Q q 0 0 0 rg BT 156.69 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.52 610.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 212.18 610.10 Td (including ) Tj ET Q q 0 0 0 rg BT 251.46 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.96 610.10 Td (lar) Tj ET Q q 0 0 0 rg BT 273.32 610.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 284.26 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.20 610.10 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 365.56 610.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 412.32 610.10 Td (while ) Tj ET Q q 0 0 0 rg BT 436.04 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.98 610.10 Td (number ) Tj ET Q q 0 0 0 rg BT 474.03 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.86 610.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 514.79 610.10 Td (competitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.87 598.10 Td (exited ) Tj ET Q q 0 0 0 rg BT 140.81 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.52 598.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 179.12 598.10 Td (market ) Tj ET Q q 0 0 0 rg BT 209.38 598.10 Td (due ) Tj ET Q q 0 0 0 rg BT 226.32 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.60 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.32 598.10 Td (protracted ) Tj ET Q q 0 0 0 rg BT 294.35 598.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 327.94 598.10 Td (downturn. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 76.79 577.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 118.57 577.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 155.35 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.02 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.25 577.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 206.80 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.14 577.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 262.58 577.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 300.45 577.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 326.67 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.46 577.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 374.69 577.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 397.02 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.47 577.10 Td (other ) Tj ET Q q 0 0 0 rg BT 440.03 577.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 466.25 577.10 Td (product ) Tj ET Q q 0 0 0 rg BT 500.81 577.10 Td (producers. ) Tj ET Q q 0 0 0 rg BT 546.46 577.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (predominant ) Tj ET Q q 0 0 0 rg BT 102.48 565.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 151.63 565.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 180.78 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.72 565.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 226.88 565.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 262.68 565.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 286.83 565.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.21 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.36 565.10 Td (price ) Tj ET Q q 0 0 0 rg BT 344.29 565.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 387.34 565.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 423.73 565.10 Td (cost\), ) Tj ET Q q 0 0 0 rg BT 447.61 565.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 488.43 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.70 565.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 531.46 565.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (quality) Tj ET Q q 0 0 0 rg BT 77.12 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.68 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.95 553.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 127.98 553.10 Td (value ) Tj ET Q q 0 0 0 rg BT 151.69 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.07 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 553.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 196.17 553.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 221.55 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.04 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.31 553.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 299.35 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.84 553.10 Td (price ) Tj ET Q q 0 0 0 rg BT 337.88 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.26 553.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 371.41 553.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 395.67 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.16 553.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 435.31 553.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 459.58 553.10 Td (substitutes ) Tj ET Q q 0 0 0 rg BT 503.86 553.10 Td (including ) Tj ET Q q 0 0 0 rg BT 543.68 553.10 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (billets. ) Tj ET Q q 0 0 0 rg BT 79.09 541.10 Td (During ) Tj ET Q q 0 0 0 rg BT 109.58 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.94 541.10 Td (last ) Tj ET Q q 0 0 0 rg BT 139.98 541.10 Td (three ) Tj ET Q q 0 0 0 rg BT 162.12 541.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 185.92 541.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 211.67 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.04 541.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.94 541.10 Td (production ) Tj ET Q q 0 0 0 rg BT 311.42 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.01 541.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 375.15 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.63 541.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 403.89 541.10 Td (ore, ) Tj ET Q q 0 0 0 rg BT 421.31 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.90 541.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 445.04 541.10 Td (material ) Tj ET Q q 0 0 0 rg BT 479.95 541.10 Td (used ) Tj ET Q q 0 0 0 rg BT 500.43 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.36 541.10 Td (steel-making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.71 529.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 82.53 529.10 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 119.34 529.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.71 529.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 183.52 529.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.23 529.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 226.05 529.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 280.64 529.10 Td (production ) Tj ET Q q 0 0 0 rg BT 326.90 529.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.83 529.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 364.99 529.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 405.13 529.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 436.39 529.10 Td (scrap, ) Tj ET Q q 0 0 0 rg BT 462.92 529.10 Td (led ) Tj ET Q q 0 0 0 rg BT 478.07 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.78 529.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.60 529.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.19 529.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 549.23 529.10 Td (ore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.98 517.10 Td (have ) Tj ET Q q 0 0 0 rg BT 87.84 517.10 Td (been ) Tj ET Q q 0 0 0 rg BT 108.71 517.10 Td (at ) Tj ET Q q 0 0 0 rg BT 117.91 517.10 Td (low ) Tj ET Q q 0 0 0 rg BT 134.90 517.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 160.21 517.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 192.18 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.94 517.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 241.14 517.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 268.81 517.10 Td (This ) Tj ET Q q 0 0 0 rg BT 288.57 517.10 Td (has ) Tj ET Q q 0 0 0 rg BT 303.89 517.10 Td (been ) Tj ET Q q 0 0 0 rg BT 324.75 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.18 517.10 Td (may ) Tj ET Q q 0 0 0 rg BT 360.38 517.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 396.80 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.56 517.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 420.49 517.10 Td (among ) Tj ET Q q 0 0 0 rg BT 449.69 517.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.22 517.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 506.70 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.13 517.10 Td (contributing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 76.25 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.96 505.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 118.76 505.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 153.34 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.72 505.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 196.42 505.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 223.23 505.10 Td (for ) Tj ET Q q 0 0 0 rg BT 237.82 505.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 269.07 505.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 293.10 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.81 505.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.07 505.10 Td (export ) Tj ET Q q 0 0 0 rg BT 348.55 505.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 385.43 505.10 Td (While ) Tj ET Q q 0 0 0 rg BT 412.79 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.94 505.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 458.09 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.35 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.50 505.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 532.42 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.68 505.10 Td (low-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 78.57 493.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 98.26 493.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 114.61 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 135.41 493.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 173.42 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.78 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.58 493.10 Td (near) Tj ET Q q 0 0 0 rg BT 217.59 493.10 Td (-term, ) Tj ET Q q 0 0 0 rg BT 245.32 493.10 Td (we ) Tj ET Q q 0 0 0 rg BT 260.56 493.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 293.02 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.82 493.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 354.61 493.10 Td (production ) Tj ET Q q 0 0 0 rg BT 401.52 493.10 Td (ef) Tj ET Q q 0 0 0 rg BT 409.10 493.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 451.00 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.02 493.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 530.36 493.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 94.13 481.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.94 481.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 136.86 481.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 191.54 481.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 234.00 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.81 481.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 266.73 481.10 Td (furnace ) Tj ET Q q 0 0 0 rg BT 299.74 481.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 354.42 481.10 Td (will ) Tj ET Q q 0 0 0 rg BT 373.01 481.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 416.58 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.39 481.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 473.19 481.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 515.66 481.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 550.35 481.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.20 469.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 117.94 469.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 141.91 469.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 168.87 469.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 194.53 469.10 Td (also ) Tj ET Q q 0 0 0 rg BT 213.51 469.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 254.16 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.69 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.79 469.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 302.21 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.42 469.10 Td (used ) Tj ET Q q 0 0 0 rg BT 334.63 469.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 354.72 469.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 377.04 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.69 469.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 411.11 469.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 454.54 469.10 Td (with ) Tj ET Q q 0 0 0 rg BT 475.19 469.10 Td (other ) Tj ET Q q 0 0 0 rg BT 498.62 469.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 547.58 469.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (full-service ) Tj ET Q q 0 0 0 rg BT 98.65 457.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 118.99 457.10 Td (dismantlers. ) Tj ET Q q 0 0 0 rg BT 170.48 457.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.15 457.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 209.49 457.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 232.04 457.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 267.94 457.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.73 457.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 334.14 457.10 Td (by ) Tj ET Q q 0 0 0 rg BT 347.25 457.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 379.25 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.81 457.10 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 445.46 457.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 496.35 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.91 457.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 557.57 457.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 445.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 72.04 445.10 Td (number ) Tj ET Q q 0 0 0 rg BT 104.83 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.40 445.10 Td (aftermarket ) Tj ET Q q 0 0 0 rg BT 163.72 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.40 445.10 Td (used ) Tj ET Q q 0 0 0 rg BT 200.97 445.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 220.43 445.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 242.11 445.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 280.46 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.03 445.10 Td (all ) Tj ET Q q 0 0 0 rg BT 303.26 445.10 Td (sizes, ) Tj ET Q q 0 0 0 rg BT 327.44 445.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 360.23 445.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.91 445.10 Td (lar) Tj ET Q q 0 0 0 rg BT 392.27 445.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 406.45 445.10 Td (multinational ) Tj ET Q q 0 0 0 rg BT 462.02 445.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 514.24 445.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.92 445.10 Td (serve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (both ) Tj ET Q q 0 0 0 rg BT 70.07 433.10 Td (original ) Tj ET Q q 0 0 0 rg BT 103.47 433.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 147.98 433.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 207.47 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.21 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.72 433.10 Td (aftermarket ) Tj ET Q q 0 0 0 rg BT 287.10 433.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.39 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 306.13 433.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 351.19 433.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 373.49 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.56 433.10 Td (small, ) Tj ET Q q 0 0 0 rg BT 410.02 433.10 Td (local ) Tj ET Q q 0 0 0 rg BT 431.75 433.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 462.93 433.10 Td (which ) Tj ET Q q 0 0 0 rg BT 489.67 433.10 Td (have ) Tj ET Q q 0 0 0 rg BT 510.84 433.10 Td (more ) Tj ET Q q 0 0 0 rg BT 533.68 433.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (supply) Tj ET Q q 0 0 0 rg BT 76.02 421.10 Td (. ) Tj ET Q q 0 0 0 rg BT 79.84 421.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.82 421.10 Td (main ) Tj ET Q q 0 0 0 rg BT 118.24 421.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 166.88 421.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 195.51 421.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 236.93 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.57 421.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 272.54 421.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 289.51 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.27 421.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 317.92 421.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 338.78 421.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.42 421.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 376.33 421.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 422.74 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.50 421.10 Td (product, ) Tj ET Q q 0 0 0 rg BT 466.97 421.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 496.17 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.04 421.10 Td (convenience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 409.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 98.59 409.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 124.42 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.70 409.10 Td (customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 388.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.07 388.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 95.49 388.10 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 125.96 388.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 153.50 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.27 388.10 Td (process ) Tj ET Q q 0 0 0 rg BT 195.25 388.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 240.02 388.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 275.90 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.22 388.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 309.31 388.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 333.51 388.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 372.44 388.10 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 433.84 388.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 480.54 388.10 Td (number ) Tj ET Q q 0 0 0 rg BT 513.08 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.40 388.10 Td (locations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (access ) Tj ET Q q 0 0 0 rg BT 77.70 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.63 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.23 376.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 124.16 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.65 376.10 Td (dif) Tj ET Q q 0 0 0 rg BT 145.57 376.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 171.05 376.10 Td (modes ) Tj ET Q q 0 0 0 rg BT 199.32 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.81 376.10 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 270.01 376.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 316.59 376.10 Td (dispersion ) Tj ET Q q 0 0 0 rg BT 359.86 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.46 376.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 423.60 376.10 Td (syner) Tj ET Q q 0 0 0 rg BT 445.08 376.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 463.35 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.84 376.10 Td (its ) Tj ET Q q 0 0 0 rg BT 485.44 376.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 527.58 376.10 Td (platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.05 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 95.00 364.10 Td (business ) Tj ET Q q 0 0 0 rg BT 131.39 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.67 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.38 364.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 194.43 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.71 364.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 241.08 364.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 292.46 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.74 364.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 335.79 364.10 Td (market ) Tj ET Q q 0 0 0 rg BT 366.05 364.10 Td (conditions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Steel ) Tj ET Q q 0 0 0 rg BT 72.50 343.10 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 138.35 343.10 Td (Business) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 326.7669921875 m 85 326.7669921875 l s q 0 0 0 rg BT 50.00 328.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.00 313.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 108.20 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.52 313.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 134.73 313.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 174.39 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.05 313.10 Td (McMinnville, ) Tj ET Q q 0 0 0 rg BT 241.20 313.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 273.07 313.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.95 313.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 327.93 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.25 313.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 355.57 313.10 Td (range ) Tj ET Q q 0 0 0 rg BT 379.66 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.87 313.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 423.97 313.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 444.17 313.10 Td (products ) Tj ET Q q 0 0 0 rg BT 480.49 313.10 Td (using ) Tj ET Q q 0 0 0 rg BT 504.04 313.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 539.79 313.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.13 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 92.37 301.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 111.05 301.10 Td (materials. ) Tj ET Q q 0 0 0 rg BT 153.08 301.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 179.56 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.92 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.83 301.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 225.63 301.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 261.54 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.89 301.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 300.80 301.10 Td (s ) Tj ET Q q 0 0 0 rg BT 308.38 301.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 333.17 301.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 359.08 301.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 417.47 301.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.60 301.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 470.42 301.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 513.54 301.10 Td (at ) Tj ET Q q 0 0 0 rg BT 524.45 301.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 547.02 301.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 102.48 289.10 Td (market ) Tj ET Q q 0 0 0 rg BT 132.74 289.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 159.12 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.28 289.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 216.34 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 238.28 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.81 289.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.45 289.10 Td (est ) Tj ET Q q 0 0 0 rg BT 275.06 289.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 300.34 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.17 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.88 289.10 Td (U.S.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 266.7669921875 m 109.9951171875 266.7669921875 l s q 0 0 0 rg BT 50.00 268.10 Td (Manufacturing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 253.10 Td (s ) Tj ET Q q 0 0 0 rg BT 80.21 253.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 100.40 253.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 121.71 253.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 157.45 253.10 Td (an ) Tj ET Q q 0 0 0 rg BT 169.31 253.10 Td (EAF) Tj ET Q q 0 0 0 rg BT 187.40 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.31 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.17 253.10 Td (ladle ) Tj ET Q q 0 0 0 rg BT 221.02 253.10 Td (refining ) Tj ET Q q 0 0 0 rg BT 255.09 253.10 Td (furnace ) Tj ET Q q 0 0 0 rg BT 287.49 253.10 Td (with ) Tj ET Q q 0 0 0 rg BT 307.68 253.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 347.85 253.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 368.59 253.10 Td (chemistry ) Tj ET Q q 0 0 0 rg BT 410.44 253.10 Td (refining ) Tj ET Q q 0 0 0 rg BT 444.52 253.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 494.97 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.83 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.68 253.10 Td (five-strand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 96.53 241.10 Td (billet ) Tj ET Q q 0 0 0 rg BT 119.72 241.10 Td (caster) Tj ET Q q 0 0 0 rg BT 142.63 241.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.78 241.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 192.08 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.93 241.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 225.69 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.11 241.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 270.95 241.10 Td (special ) Tj ET Q q 0 0 0 rg BT 301.36 241.10 Td (alloy ) Tj ET Q q 0 0 0 rg BT 323.99 241.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 352.73 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.70 241.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 384.67 241.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.09 241.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 438.82 241.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 478.67 241.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.31 241.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.50 241.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 537.14 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 241.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 229.10 Td (est ) Tj ET Q q 0 0 0 rg BT 72.38 229.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 97.79 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.75 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.60 229.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 143.83 229.10 Td (The ) Tj ET Q q 0 0 0 rg BT 162.01 229.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 182.42 229.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 203.94 229.10 Td (produced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.78 229.10 Td (499 ) Tj ET Q q 0 0 0 rg BT 261.42 229.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.52 229.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.66 229.10 Td (600 ) Tj ET Q q 0 0 0 rg BT 320.29 229.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.40 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.03 229.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.10 229.10 Td (580 ) Tj ET Q q 0 0 0 rg BT 393.74 229.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.85 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.48 229.10 Td (short ) Tj ET Q q 0 0 0 rg BT 455.11 229.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 474.42 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.38 229.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 506.34 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.75 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.60 229.10 Td (form ) Tj ET Q q 0 0 0 rg BT 553.67 229.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (billets ) Tj ET Q q 0 0 0 rg BT 77.71 217.10 Td (during ) Tj ET Q q 0 0 0 rg BT 107.09 217.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.01 217.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 157.78 217.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 181.05 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.75 217.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.75 217.10 Td (, ) Tj ET Q q 0 0 0 rg BT 224.52 217.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 272.18 217.10 Td (. ) Tj ET Q q 0 0 0 rg BT 277.95 217.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 302.34 217.10 Td (reinvests ) Tj ET Q q 0 0 0 rg BT 341.16 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.20 217.10 Td (its ) Tj ET Q q 0 0 0 rg BT 364.92 217.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 385.96 217.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 408.12 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.17 217.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 455.76 217.10 Td (ef) Tj ET Q q 0 0 0 rg BT 463.35 217.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 504.93 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.97 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 217.10 Td (melting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 87.16 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.11 184.10 Td (end ) Tj ET Q q 0 0 0 rg BT 119.27 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.33 184.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 154.71 184.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 179.94 184.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 203.78 184.10 Td (also ) Tj ET Q q 0 0 0 rg BT 222.62 184.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 259.77 184.10 Td (two ) Tj ET Q q 0 0 0 rg BT 277.50 184.10 Td (computerized ) Tj ET Q q 0 0 0 rg BT 334.64 184.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 364.03 184.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 386.76 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.48 184.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 438.86 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.25 184.10 Td (synchronized ) Tj ET Q q 0 0 0 rg BT 509.29 184.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 553.67 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 172.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 94.28 172.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 116.98 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.12 172.10 Td (related ) Tj ET Q q 0 0 0 rg BT 164.02 172.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 211.43 172.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 253.01 172.10 Td (an ) Tj ET Q q 0 0 0 rg BT 265.15 172.10 Td (ef) Tj ET Q q 0 0 0 rg BT 272.73 172.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 302.63 172.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 331.99 172.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 366.90 172.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 393.49 172.10 Td (production ) Tj ET Q q 0 0 0 rg BT 439.51 172.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 475.52 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.55 172.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 547.01 172.10 Td (800 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 87.93 160.10 Td (tons. ) Tj ET Q q 0 0 0 rg BT 108.93 160.10 Td (Billets ) Tj ET Q q 0 0 0 rg BT 136.86 160.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 175.89 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.50 160.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 209.40 160.10 Td (s ) Tj ET Q q 0 0 0 rg BT 215.11 160.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 234.71 160.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 255.42 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 269.46 160.10 Td (reheated ) Tj ET Q q 0 0 0 rg BT 305.14 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.74 160.10 Td (two ) Tj ET Q q 0 0 0 rg BT 331.57 160.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 361.15 160.10 Td (gas-fueled ) Tj ET Q q 0 0 0 rg BT 404.62 160.10 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 440.31 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.58 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 470.61 160.10 Td (then ) Tj ET Q q 0 0 0 rg BT 489.65 160.10 Td (hot-rolled ) Tj ET Q q 0 0 0 rg BT 530.91 160.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (one ) Tj ET Q q 0 0 0 rg BT 67.27 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.42 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.47 148.10 Td (two ) Tj ET Q q 0 0 0 rg BT 111.29 148.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 140.79 148.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 163.62 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.22 148.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 209.26 148.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 244.30 148.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 284.07 148.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 308.02 148.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 349.17 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.78 148.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 394.27 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.31 148.10 Td (market ) Tj ET Q q 0 0 0 rg BT 439.90 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.39 148.10 Td (new ) Tj ET Q q 0 0 0 rg BT 473.88 148.10 Td (products ) Tj ET Q q 0 0 0 rg BT 511.14 148.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 530.91 148.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 98.06 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.34 136.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 163.89 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.17 136.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 207.77 136.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 250.26 136.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 305.53 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.81 136.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 347.19 136.10 Td (its ) Tj ET Q q 0 0 0 rg BT 359.14 136.10 Td (product ) Tj ET Q q 0 0 0 rg BT 392.18 136.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 413.57 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.51 136.10 Td (sales. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.50 115.10 Td (August ) Tj ET Q q 0 0 0 rg BT 92.18 115.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 117.47 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.48 115.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.15 115.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 219.71 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.27 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.50 115.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 260.00 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.57 115.10 Td (be ) Tj ET Q q 0 0 0 rg BT 282.80 115.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 337.79 115.10 Td (during ) Tj ET Q q 0 0 0 rg BT 366.69 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.69 115.10 Td (first ) Tj ET Q q 0 0 0 rg BT 400.59 115.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 431.69 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.81 115.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 467.26 115.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 492.54 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.11 115.10 Td (shut ) Tj ET Q q 0 0 0 rg BT 522.57 115.10 Td (down ) Tj ET Q q 0 0 0 rg BT 547.58 115.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (decommission ) Tj ET Q q 0 0 0 rg BT 110.76 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.97 103.10 Td (older ) Tj ET Q q 0 0 0 rg BT 149.51 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.93 103.10 Td (less ) Tj ET Q q 0 0 0 rg BT 184.92 103.10 Td (technologically ) Tj ET Q q 0 0 0 rg BT 249.56 103.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 290.30 103.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 319.96 103.10 Td (mill, ) Tj ET Q q 0 0 0 rg BT 341.56 103.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.99 103.10 Td (was ) Tj ET Q q 0 0 0 rg BT 387.53 103.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 419.94 103.10 Td (into ) Tj ET Q q 0 0 0 rg BT 438.49 103.10 Td (service ) Tj ET Q q 0 0 0 rg BT 469.80 103.10 Td (over ) Tj ET Q q 0 0 0 rg BT 490.55 103.10 Td (40 ) Tj ET Q q 0 0 0 rg BT 503.54 103.10 Td (years ) Tj ET Q q 0 0 0 rg BT 527.63 103.10 Td (ago, ) Tj ET Q q 0 0 0 rg BT 547.56 103.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.91 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.15 91.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 114.05 91.10 Td (years ) Tj ET Q q 0 0 0 rg BT 137.61 91.10 Td (has ) Tj ET Q q 0 0 0 rg BT 153.41 91.10 Td (been ) Tj ET Q q 0 0 0 rg BT 174.76 91.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 217.77 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.68 91.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 256.58 91.10 Td (proportion ) Tj ET Q q 0 0 0 rg BT 301.26 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.06 91.10 Td (SMB's ) Tj ET Q q 0 0 0 rg BT 341.35 91.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 376.03 91.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 396.83 91.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 436.05 91.10 Td (This ) Tj ET Q q 0 0 0 rg BT 456.30 91.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 475.99 91.10 Td (is ) Tj ET Q q 0 0 0 rg BT 485.12 91.10 Td (being ) Tj ET Q q 0 0 0 rg BT 509.81 91.10 Td (implemented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.62 79.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 108.67 79.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.29 79.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.57 79.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 194.73 79.10 Td (initiative ) Tj ET Q q 0 0 0 rg BT 232.11 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.73 79.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 276.33 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.38 79.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 329.99 79.10 Td (ef) Tj ET Q q 0 0 0 rg BT 337.57 79.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 371.62 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.79 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.84 79.10 Td (newer ) Tj ET Q q 0 0 0 rg BT 422.11 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.39 79.10 Td (more ) Tj ET Q q 0 0 0 rg BT 460.78 79.10 Td (technologically ) Tj ET Q q 0 0 0 rg BT 524.26 79.10 Td (advanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 79.36 67.10 Td (mill, ) Tj ET Q q 0 0 0 rg BT 100.66 67.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 136.68 67.10 Td (product ) Tj ET Q q 0 0 0 rg BT 169.92 67.10 Td (quality) Tj ET Q q 0 0 0 rg BT 197.05 67.10 Td (, ) Tj ET Q q 0 0 0 rg BT 202.24 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.37 67.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 250.94 67.10 Td (its ) Tj ET Q q 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Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (8) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 85.7373046875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 742.10 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.08 727.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 111.13 727.10 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 167.51 727.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 193.36 727.10 Td (\(billets\) ) Tj ET Q q 0 0 0 rg BT 226.42 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.81 727.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 276.98 727.10 Td (goods, ) Tj ET Q q 0 0 0 rg BT 305.32 727.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 347.83 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.12 727.10 Td (rebar) Tj ET Q q 0 0 0 rg BT 378.25 727.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.71 727.10 Td (coiled ) Tj ET Q q 0 0 0 rg BT 409.09 727.10 Td (rebar) Tj ET Q q 0 0 0 rg BT 429.23 727.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.68 727.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 453.40 727.10 Td (rod, ) Tj ET Q q 0 0 0 rg BT 471.19 727.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 510.34 727.10 Td (bar ) Tj ET Q q 0 0 0 rg BT 525.06 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 727.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 88.45 715.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 128.30 715.10 Td (Semi-finished ) Tj ET Q q 0 0 0 rg BT 187.31 715.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 214.12 715.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.23 715.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 290.46 715.10 Td (used ) Tj ET Q q 0 0 0 rg BT 311.70 715.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.27 715.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 350.18 715.10 Td (s ) Tj ET Q q 0 0 0 rg BT 356.98 715.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 392.10 715.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 431.95 715.10 Td (but ) Tj ET Q q 0 0 0 rg BT 447.64 715.10 Td (also ) Tj ET Q q 0 0 0 rg BT 466.66 715.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.45 715.10 Td (been ) Tj ET Q q 0 0 0 rg BT 510.23 715.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 550.35 715.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 68.07 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.37 703.10 Td (other ) Tj ET Q q 0 0 0 rg BT 101.44 703.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 122.28 703.10 Td (mills. ) Tj ET Q q 0 0 0 rg BT 147.31 703.10 Td (Rebar ) Tj ET Q q 0 0 0 rg BT 173.71 703.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.90 703.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 222.62 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.92 703.10 Td (either ) Tj ET Q q 0 0 0 rg BT 258.21 703.10 Td (straight ) Tj ET Q q 0 0 0 rg BT 290.72 703.10 Td (length ) Tj ET Q q 0 0 0 rg BT 318.24 703.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 339.09 703.10 Td (bars ) Tj ET Q q 0 0 0 rg BT 358.27 703.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.12 703.10 Td (coils ) Tj ET Q q 0 0 0 rg BT 390.53 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.49 703.10 Td (used ) Tj ET Q q 0 0 0 rg BT 428.34 703.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.64 703.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 473.91 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.65 703.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 523.39 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.24 703.10 Td (poured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (concrete. ) Tj ET Q q 0 0 0 rg BT 88.60 691.10 Td (Coiled ) Tj ET Q q 0 0 0 rg BT 117.50 691.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 140.27 691.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.18 691.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 188.05 691.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.29 691.10 Td (some ) Tj ET Q q 0 0 0 rg BT 223.63 691.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 283.06 691.10 Td (because ) Tj ET Q q 0 0 0 rg BT 316.94 691.10 Td (it ) Tj ET Q q 0 0 0 rg BT 324.74 691.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 357.51 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.96 691.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 396.97 691.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 438.07 691.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.30 691.10 Td (cutting ) Tj ET Q q 0 0 0 rg BT 480.31 691.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 523.10 691.10 Td (lengths ) Tj ET Q q 0 0 0 rg BT 554.22 691.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 71.39 679.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 110.00 679.10 Td (specifications ) Tj ET Q q 0 0 0 rg BT 166.94 679.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 185.84 679.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 226.38 679.10 Td (improves ) Tj ET Q q 0 0 0 rg BT 265.55 679.10 Td (yield. ) Tj ET Q q 0 0 0 rg BT 289.86 679.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.90 679.10 Td (ire ) Tj ET Q q 0 0 0 rg BT 311.40 679.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 326.69 679.10 Td (is ) Tj ET Q q 0 0 0 rg BT 335.32 679.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 355.60 679.10 Td (rod, ) Tj ET Q q 0 0 0 rg BT 373.39 679.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 412.55 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.28 679.10 Td (coiled ) Tj ET Q q 0 0 0 rg BT 448.67 679.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 472.57 679.10 Td (used ) Tj ET Q q 0 0 0 rg BT 492.85 679.10 Td (by ) Tj ET Q q 0 0 0 rg BT 504.81 679.10 Td (manufacturers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.98 667.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 94.40 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.04 667.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 131.01 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.55 667.10 Td (products ) Tj ET Q q 0 0 0 rg BT 178.19 667.10 Td (such ) Tj ET Q q 0 0 0 rg BT 198.73 667.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.26 667.10 Td (chain ) Tj ET Q q 0 0 0 rg BT 233.13 667.10 Td (link ) Tj ET Q q 0 0 0 rg BT 250.89 667.10 Td (fencing, ) Tj ET Q q 0 0 0 rg BT 285.58 667.10 Td (nails, ) Tj ET Q q 0 0 0 rg BT 309.17 667.10 Td (wire, ) Tj ET Q q 0 0 0 rg BT 331.65 667.10 Td (stucco ) Tj ET Q q 0 0 0 rg BT 359.40 667.10 Td (netting, ) Tj ET Q q 0 0 0 rg BT 391.88 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.52 667.10 Td (pre-stressed ) Tj ET Q q 0 0 0 rg BT 458.49 667.10 Td (concrete ) Tj ET Q q 0 0 0 rg BT 494.56 667.10 Td (strand. ) Tj ET Q q 0 0 0 rg BT 523.70 667.10 Td (Merchant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (bar ) Tj ET Q q 0 0 0 rg BT 65.25 655.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 99.40 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.22 655.10 Td (round, ) Tj ET Q q 0 0 0 rg BT 138.53 655.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 154.34 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.26 655.10 Td (square ) Tj ET Q q 0 0 0 rg BT 199.84 655.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 220.65 655.10 Td (bars ) Tj ET Q q 0 0 0 rg BT 239.79 655.10 Td (used ) Tj ET Q q 0 0 0 rg BT 260.61 655.10 Td (by ) Tj ET Q q 0 0 0 rg BT 273.09 655.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 332.76 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.02 655.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 377.71 655.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.64 655.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 406.56 655.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 436.80 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.62 655.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 487.04 655.10 Td (including ) Tj ET Q q 0 0 0 rg BT 527.29 655.10 Td (gratings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 71.55 643.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 94.20 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.86 643.10 Td (roof ) Tj ET Q q 0 0 0 rg BT 131.74 643.10 Td (joists, ) Tj ET Q q 0 0 0 rg BT 158.58 643.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 185.68 643.10 Td (walkways, ) Tj ET Q q 0 0 0 rg BT 231.39 643.10 Td (ornamental ) Tj ET Q q 0 0 0 rg BT 279.59 643.10 Td (furniture, ) Tj ET Q q 0 0 0 rg BT 320.30 643.10 Td (stair ) Tj ET Q q 0 0 0 rg BT 340.73 643.10 Td (railings, ) Tj ET Q q 0 0 0 rg BT 376.45 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.11 643.10 Td (farm ) Tj ET Q q 0 0 0 rg BT 416.20 643.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 464.14 643.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 488.48 643.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.37 643.10 Td (also ) Tj ET Q q 0 0 0 rg BT 517.70 643.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 554.23 643.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 84.23 631.10 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 135.14 631.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 157.70 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.50 631.10 Td (support ) Tj ET Q q 0 0 0 rg BT 199.52 631.10 Td (nuclear ) Tj ET Q q 0 0 0 rg BT 230.97 631.10 Td (power ) Tj ET Q q 0 0 0 rg BT 257.99 631.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 280.00 631.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 331.46 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.92 631.10 Td (has ) Tj ET Q q 0 0 0 rg BT 363.28 631.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.74 631.10 Td (license ) Tj ET Q q 0 0 0 rg BT 399.53 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.33 631.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 443.56 631.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 472.79 631.10 Td (patented ) Tj ET Q q 0 0 0 rg BT 508.68 631.10 Td (high-strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 88.04 619.10 Td (steels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 598.10 Td (table ) Tj ET Q q 0 0 0 rg BT 90.68 598.10 Td (below ) Tj ET Q q 0 0 0 rg BT 117.97 598.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 135.82 598.10 Td (forth, ) Tj ET Q q 0 0 0 rg BT 160.61 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.46 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.75 598.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 215.25 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.54 598.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 265.38 598.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 290.73 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.80 598.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 328.09 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.27 598.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 374.34 598.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 395.51 598.10 Td (products ) Tj ET Q q 0 0 0 rg BT 432.80 598.10 Td (during ) Tj ET Q q 0 0 0 rg BT 461.76 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.83 598.10 Td (last ) Tj ET Q q 0 0 0 rg BT 493.56 598.10 Td (three ) Tj ET Q q 0 0 0 rg BT 516.40 598.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 540.91 598.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.83 586.10 Td (August31:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 546.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 546.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 546.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 546.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 546.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 546.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 546.60 60.00 -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 182.5 561.6 m 242.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 561.6 m 246.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 561.6 m 370.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 561.6 m 498.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 546.6 m 242.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 561.6 m 306.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 546.6 m 306.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 561.6 m 370.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 546.6 m 370.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 561.6 m 374.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 561.6 m 434.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 546.6 m 434.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 561.6 m 498.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 546.6 m 498.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 561.6 m 502.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 561.6 m 562.5 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 546.6 m 562.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 546.6 m 242.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 546.6 m 306.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 546.6 m 370.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 546.6 m 498.5 546.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 565.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.00 566.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 566.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 566.28 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 550.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.90 551.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 228.45 555.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 551.28 Td (V) Tj ET Q q 0 0 0 rg BT 262.30 551.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 288.41 555.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.90 551.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 356.45 555.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 551.28 Td (V) Tj ET Q q 0 0 0 rg BT 390.30 551.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 416.41 555.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.90 551.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 484.45 555.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 551.28 Td (V) Tj ET Q q 0 0 0 rg BT 518.30 551.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 544.41 555.81 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.17 Td (Finished steel products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 536.27 Td (269,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 536.27 Td (488,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 536.27 Td (363,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 536.27 Td (539,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 536.27 Td (377,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 536.27 Td (533,147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 522.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 512.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 512.90 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 512.90 Td (stated ) Tj ET Q q 0 0 0 rg BT 121.76 512.90 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 512.90 Td (thousands ) Tj ET Q q 0 0 0 rg BT 163.98 512.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 512.90 Td (dollars.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 503.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 503.30 Td (V) Tj ET Q q 0 0 0 rg BT 72.75 503.30 Td (olume ) Tj ET Q q 0 0 0 rg BT 94.74 503.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 115.40 503.30 Td (in ) Tj ET Q q 0 0 0 rg BT 123.63 503.30 Td (short ) Tj ET Q q 0 0 0 rg BT 141.63 503.30 Td (tons ) Tj ET Q q 0 0 0 rg BT 156.96 503.30 Td (\(one ) Tj ET Q q 0 0 0 rg BT 173.18 503.30 Td (short ) Tj ET Q q 0 0 0 rg BT 191.18 503.30 Td (ton ) Tj ET Q q 0 0 0 rg BT 203.40 503.30 Td (= ) Tj ET Q q 0 0 0 rg BT 209.91 503.30 Td (2,000 ) Tj ET Q q 0 0 0 rg BT 229.91 503.30 Td (pounds\).) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 480.9669921875 m 92.783203125 480.9669921875 l s q 0 0 0 rg BT 50.00 482.30 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.30 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 467.30 Td (s ) Tj ET Q q 0 0 0 rg BT 80.67 467.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 124.08 467.30 Td (are ) Tj ET Q q 0 0 0 rg BT 139.16 467.30 Td (principally ) Tj ET Q q 0 0 0 rg BT 185.36 467.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 206.56 467.30 Td (service ) Tj ET Q q 0 0 0 rg BT 237.74 467.30 Td (centers, ) Tj ET Q q 0 0 0 rg BT 271.43 467.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 323.74 467.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 359.39 467.30 Td (subcontractors, ) Tj ET Q q 0 0 0 rg BT 423.08 467.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 444.27 467.30 Td (fabricators, ) Tj ET Q q 0 0 0 rg BT 492.40 467.30 Td (wire ) Tj ET Q q 0 0 0 rg BT 513.04 467.30 Td (drawers ) Tj ET Q q 0 0 0 rg BT 547.56 467.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.30 Td (major ) Tj ET Q q 0 0 0 rg BT 75.60 455.30 Td (farm ) Tj ET Q q 0 0 0 rg BT 96.76 455.30 Td (and ) Tj ET Q q 0 0 0 rg BT 113.47 455.30 Td (wood ) Tj ET Q q 0 0 0 rg BT 137.97 455.30 Td (products ) Tj ET Q q 0 0 0 rg BT 174.69 455.30 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 215.57 455.30 Td (During ) Tj ET Q q 0 0 0 rg BT 246.18 455.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.11 455.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.11 455.30 Td (, ) Tj ET Q q 0 0 0 rg BT 294.89 455.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 318.29 455.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 337.23 455.30 Td (its ) Tj ET Q q 0 0 0 rg BT 348.96 455.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 383.45 455.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 404.05 455.30 Td (products ) Tj ET Q q 0 0 0 rg BT 440.77 455.30 Td (to ) Tj ET Q q 0 0 0 rg BT 450.82 455.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 493.65 455.30 Td (located ) Tj ET Q q 0 0 0 rg BT 524.80 455.30 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.30 Td (in ) Tj ET Q q 0 0 0 rg BT 60.09 443.30 Td (the ) Tj ET Q q 0 0 0 rg BT 74.46 443.30 Td (W) Tj ET Q q 0 0 0 rg BT 83.09 443.30 Td (estern ) Tj ET Q q 0 0 0 rg BT 109.29 443.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 129.38 443.30 Td (and ) Tj ET Q q 0 0 0 rg BT 145.97 443.30 Td (W) Tj ET Q q 0 0 0 rg BT 154.61 443.30 Td (estern ) Tj ET Q q 0 0 0 rg BT 180.80 443.30 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 215.60 443.30 Td (Customers ) Tj ET Q q 0 0 0 rg BT 260.69 443.30 Td (in ) Tj ET Q q 0 0 0 rg BT 270.78 443.30 Td (California ) Tj ET Q q 0 0 0 rg BT 313.64 443.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 356.49 443.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.46 443.30 Td (48%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.79 443.30 Td (, ) Tj ET Q q 0 0 0 rg BT 393.61 443.30 Td (46% ) Tj ET Q q 0 0 0 rg BT 414.25 443.30 Td (and ) Tj ET Q q 0 0 0 rg BT 431.00 443.30 Td (43% ) Tj ET Q q 0 0 0 rg BT 451.65 443.30 Td (of ) Tj ET Q q 0 0 0 rg BT 462.29 443.30 Td (SMB) Tj ET Q q 0 0 0 rg BT 486.19 443.30 Td (s ) Tj ET Q q 0 0 0 rg BT 492.40 443.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.25 443.30 Td (in ) Tj ET Q q 0 0 0 rg BT 540.34 443.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 75.39 431.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 98.28 431.30 Td (and ) Tj ET Q q 0 0 0 rg BT 115.61 431.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.61 431.30 Td (. ) Tj ET Q q 0 0 0 rg BT 141.01 431.30 Td (SMB) Tj ET Q q 0 0 0 rg BT 164.91 431.30 Td (s ) Tj ET Q q 0 0 0 rg BT 171.69 431.30 Td (ten ) Tj ET Q q 0 0 0 rg BT 186.80 431.30 Td (lar) Tj ET Q q 0 0 0 rg BT 197.17 431.30 Td (gest ) Tj ET Q q 0 0 0 rg BT 216.17 431.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 259.61 431.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 303.03 431.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.58 431.30 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.91 431.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.31 431.30 Td (42%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.64 431.30 Td ( ) Tj ET Q q 0 0 0 rg BT 362.53 431.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.86 431.30 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.19 431.30 Td ( ) Tj ET Q q 0 0 0 rg BT 401.08 431.30 Td (of ) Tj ET Q q 0 0 0 rg BT 412.30 431.30 Td (its ) Tj ET Q q 0 0 0 rg BT 424.64 431.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 463.07 431.30 Td (during ) Tj ET Q q 0 0 0 rg BT 492.07 431.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.62 431.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 542.01 431.30 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 419.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 419.30 Td (, ) Tj ET Q q 0 0 0 rg BT 91.94 419.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 139.60 419.30 Td (. ) Tj ET Q q 0 0 0 rg BT 144.60 419.30 Td (No ) Tj ET Q q 0 0 0 rg BT 159.32 419.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 182.94 419.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 222.10 419.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 265.13 419.30 Td (for ) Tj ET Q q 0 0 0 rg BT 279.29 419.30 Td (10% ) Tj ET Q q 0 0 0 rg BT 300.12 419.30 Td (or ) Tj ET Q q 0 0 0 rg BT 310.95 419.30 Td (more ) Tj ET Q q 0 0 0 rg BT 334.00 419.30 Td (of ) Tj ET Q q 0 0 0 rg BT 344.83 419.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 397.87 419.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 435.91 419.30 Td (in ) Tj ET Q q 0 0 0 rg BT 446.19 419.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.34 419.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 495.34 419.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 517.84 419.30 Td (and ) Tj ET Q q 0 0 0 rg BT 534.78 419.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.78 419.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.30 Td (The ) Tj ET Q q 0 0 0 rg BT 69.07 398.30 Td (table ) Tj ET Q q 0 0 0 rg BT 92.03 398.30 Td (below ) Tj ET Q q 0 0 0 rg BT 119.99 398.30 Td (sets ) Tj ET Q q 0 0 0 rg BT 138.52 398.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 161.48 398.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 186.13 398.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 225.19 398.30 Td (from ) Tj ET Q q 0 0 0 rg BT 248.15 398.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 271.11 398.30 Td (to ) Tj ET Q q 0 0 0 rg BT 282.42 398.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 322.04 398.30 Td (and ) Tj ET Q q 0 0 0 rg BT 340.01 398.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 372.41 398.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 416.48 398.30 Td (for ) Tj ET Q q 0 0 0 rg BT 431.67 398.30 Td (the ) Tj ET Q q 0 0 0 rg BT 447.41 398.30 Td (last ) Tj ET Q q 0 0 0 rg BT 464.82 398.30 Td (three ) Tj ET Q q 0 0 0 rg BT 488.33 398.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 513.51 398.30 Td (years ) Tj ET Q q 0 0 0 rg BT 538.13 398.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.30 Td (August31 ) Tj ET Q q 0 0 0 rg BT 93.89 386.30 Td (\(in ) Tj ET Q q 0 0 0 rg BT 107.50 386.30 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.80 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 362.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 362.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 362.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 362.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 362.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.80 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 334.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 334.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 334.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 334.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 334.80 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 362.8 m 434.5 362.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 362.8 m 498.5 362.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 362.8 m 562.5 362.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 362.8 m 434.5 362.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 362.8 m 498.5 362.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 362.8 m 562.5 362.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 334.8 m 434.5 334.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 334.8 m 498.5 334.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 334.8 m 562.5 334.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 320.8 m 434.5 320.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 320.8 m 498.5 320.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 320.8 m 562.5 320.8 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 366.53 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 366.53 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 366.53 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.37 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 353.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 353.37 Td (253,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 353.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 353.37 Td (349,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 353.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 353.37 Td (354,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.37 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 84.11 343.90 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 339.37 Td (16,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 339.37 Td (25,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.37 Td (34,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 325.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 325.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 325.37 Td (269,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 325.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 325.37 Td (375,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 325.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 325.37 Td (388,640) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 311.70 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 302.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 97.12 302.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 123.55 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.22 302.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 149.77 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.99 302.10 Td (Canada.) 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Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 195.76699218750002 m 139.150390625 195.76699218750002 l s q 0 0 0 rg BT 50.00 197.10 Td (Supply of Scrap Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 182.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.17 182.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 96.14 182.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 119.35 182.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 154.76 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.07 182.10 Td (only ) Tj ET Q q 0 0 0 rg BT 188.94 182.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 228.82 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.69 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.85 182.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.49 182.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 287.46 182.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 307.33 182.10 Td (that ) Tj ET Q q 0 0 0 rg BT 324.42 182.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 355.40 182.10 Td (its ) Tj ET Q q 0 0 0 rg BT 366.94 182.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 390.14 182.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 414.44 182.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 468.74 182.10 Td (from ) Tj ET Q q 0 0 0 rg BT 490.27 182.10 Td (an ) Tj ET Q q 0 0 0 rg BT 501.80 182.10 Td (af) Tj ET Q q 0 0 0 rg BT 509.39 182.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 539.80 182.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (recycler) Tj ET Q q 0 0 0 rg BT 81.64 170.10 Td (. ) Tj ET Q q 0 0 0 rg BT 85.92 170.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 110.98 170.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 147.70 170.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.41 170.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 172.25 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.86 170.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 219.00 170.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 243.49 170.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 271.87 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.93 170.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 307.83 170.10 Td (which ) Tj ET Q q 0 0 0 rg BT 334.55 170.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 362.94 170.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 386.34 170.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.40 170.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 429.21 170.10 Td (optimum ) Tj ET Q q 0 0 0 rg BT 467.60 170.10 Td (ef) Tj ET Q q 0 0 0 rg BT 475.19 170.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 509.67 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.73 170.10 Td (its ) Tj ET Q q 0 0 0 rg BT 531.45 170.10 Td (melting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (operations. ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (9) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 108.22265625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 69.07 742.10 Td (gy Supply) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.88 727.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 99.40 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.60 727.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 151.56 727.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 184.31 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.40 727.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 238.13 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.66 727.10 Td (run ) Tj ET Q q 0 0 0 rg BT 264.75 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 276.95 727.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 323.86 727.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 363.83 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 376.03 727.10 Td (EAF) Tj ET Q q 0 0 0 rg BT 394.13 727.10 Td (. ) Tj ET Q q 0 0 0 rg BT 399.38 727.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 423.26 727.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 465.44 727.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 508.17 727.10 Td (under ) Tj ET Q q 0 0 0 rg BT 533.70 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.89 727.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.00 715.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 103.88 715.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.34 715.10 Td (McMinnville ) Tj ET Q q 0 0 0 rg BT 177.67 715.10 Td (W) Tj ET Q q 0 0 0 rg BT 186.30 715.10 Td (ater& ) Tj ET Q q 0 0 0 rg BT 213.25 715.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 236.59 715.10 Td (\(MW&L\), ) Tj ET Q q 0 0 0 rg BT 288.52 715.10 Td (which ) Tj ET Q q 0 0 0 rg BT 314.63 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.09 715.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 341.88 715.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 365.21 715.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.89 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.78 715.10 Td (Bonneville ) Tj ET Q q 0 0 0 rg BT 436.34 715.10 Td (Power ) Tj ET Q q 0 0 0 rg BT 463.20 715.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 525.43 715.10 Td (\(BP) Tj ET Q q 0 0 0 rg BT 544.51 715.10 Td (A\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 703.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 703.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 97.50 703.10 Td (into ) Tj ET Q q 0 0 0 rg BT 115.56 703.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.39 703.10 Td (current ) Tj ET Q q 0 0 0 rg BT 162.20 703.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 196.90 703.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.18 703.10 Td (MW&L) Tj ET Q q 0 0 0 rg BT 249.03 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.53 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.81 703.10 Td (October ) Tj ET Q q 0 0 0 rg BT 296.51 703.10 Td (201) Tj ET Q q 0 0 0 rg BT 311.14 703.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 318.64 703.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.14 703.10 Td (will ) Tj ET Q q 0 0 0 rg BT 354.19 703.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 381.68 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.96 703.10 Td (September ) Tj ET Q q 0 0 0 rg BT 437.22 703.10 Td (2028.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 74.06 682.10 Td (also ) Tj ET Q q 0 0 0 rg BT 93.11 682.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 118.82 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.19 682.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 171.34 682.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.28 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.54 682.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 246.25 682.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 262.52 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.23 682.10 Td (run ) Tj ET Q q 0 0 0 rg BT 289.50 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.89 682.10 Td (reheat ) Tj ET Q q 0 0 0 rg BT 329.25 682.10 Td (furnaces, ) Tj ET Q q 0 0 0 rg BT 368.56 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.93 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.08 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 432.35 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.06 682.10 Td (reheat ) Tj ET Q q 0 0 0 rg BT 470.43 682.10 Td (billets ) Tj ET Q q 0 0 0 rg BT 497.81 682.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 520.18 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.90 682.10 Td (running ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (them ) Tj ET Q q 0 0 0 rg BT 71.92 670.10 Td (through ) Tj ET Q q 0 0 0 rg BT 104.95 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.09 670.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 147.68 670.10 Td (mills. ) Tj ET Q q 0 0 0 rg BT 172.11 670.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 195.16 670.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 220.41 670.10 Td (this ) Tj ET Q q 0 0 0 rg BT 236.78 670.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 270.36 670.10 Td (through ) Tj ET Q q 0 0 0 rg BT 303.39 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.75 670.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.44 670.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 354.69 670.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 398.26 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.96 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.32 670.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 450.14 670.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 485.94 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.86 670.10 Td (obligates ) Tj ET Q q 0 0 0 rg BT 540.88 670.10 Td (SMB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.68 658.10 Td (each ) Tj ET Q q 0 0 0 rg BT 80.47 658.10 Td (month-end ) Tj ET Q q 0 0 0 rg BT 126.26 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.50 658.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 174.51 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.42 658.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 213.88 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.67 658.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 240.47 658.10 Td (based ) Tj ET Q q 0 0 0 rg BT 265.71 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 278.18 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 290.09 658.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 329.76 658.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 355.00 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.12 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.81 658.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 436.26 658.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 483.17 658.10 Td (month ) Tj ET Q q 0 0 0 rg BT 511.19 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 523.66 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.56 658.10 Td (take-or) Tj ET Q q 0 0 0 rg BT 558.68 658.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.94 646.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.44 646.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 116.92 646.10 Td (using ) Tj ET Q q 0 0 0 rg BT 141.09 646.10 Td (published ) Tj ET Q q 0 0 0 rg BT 182.48 646.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 212.74 646.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 228.57 646.10 Td (indices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 625.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 81.20 625.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 103.70 625.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.28 625.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.61 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.11 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.94 625.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 202.84 625.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.23 625.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 227.84 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.67 625.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 265.06 625.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 284.23 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.51 625.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.67 625.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.67 625.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.67 625.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.61 625.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.94 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.44 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.71 625.10 Td (each ) Tj ET Q q 0 0 0 rg BT 407.53 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.36 625.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.51 625.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.51 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.01 625.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.95 625.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.95 625.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 602.7669921875 m 82.763671875 602.7669921875 l s q 0 0 0 rg BT 50.00 604.10 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.60 589.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 113.29 589.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 136.33 589.10 Td (products ) Tj ET Q q 0 0 0 rg BT 173.25 589.10 Td (within ) Tj ET Q q 0 0 0 rg BT 201.29 589.10 Td (days ) Tj ET Q q 0 0 0 rg BT 222.10 589.10 Td (after ) Tj ET Q q 0 0 0 rg BT 242.90 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.60 589.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 287.28 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.10 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.02 589.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 343.04 589.10 Td (order) Tj ET Q q 0 0 0 rg BT 363.58 589.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.02 589.10 Td (As ) Tj ET Q q 0 0 0 rg BT 381.61 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.42 589.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.67 589.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.67 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.15 589.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.07 589.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.07 589.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.05 589.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 540.66 589.10 Td (had ) Tj ET Q q 0 0 0 rg BT 557.58 589.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 84.16 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.99 577.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 122.48 577.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.31 577.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 145.81 577.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.70 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.20 577.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.14 577.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 211.64 577.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.53 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.53 577.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 293.19 577.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 554.7669921875 m 99.443359375 554.7669921875 l s q 0 0 0 rg BT 50.00 556.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 541.10 Td (s ) Tj ET Q q 0 0 0 rg BT 80.08 541.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 114.03 541.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 152.42 541.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 201.92 541.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.87 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.38 541.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 248.22 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.84 541.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 293.34 541.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 313.96 541.10 Td (products ) Tj ET Q q 0 0 0 rg BT 350.69 541.10 Td (include ) Tj ET Q q 0 0 0 rg BT 382.41 541.10 Td (Nucor ) Tj ET Q q 0 0 0 rg BT 409.69 541.10 Td (Corporation) Tj ET Q q 0 0 0 rg BT 460.80 541.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.98 541.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 527.58 541.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.51 529.10 Td (Arizona, ) Tj ET Q q 0 0 0 rg BT 96.43 529.10 Td (Utah ) Tj ET Q q 0 0 0 rg BT 118.08 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.58 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.22 529.10 Td (ashington; ) Tj ET Q q 0 0 0 rg BT 187.10 529.10 Td (Gerdau ) Tj ET Q q 0 0 0 rg BT 218.75 529.10 Td (Long ) Tj ET Q q 0 0 0 rg BT 242.07 529.10 Td (Steel ) Tj ET Q q 0 0 0 rg BT 264.28 529.10 Td (North ) Tj ET Q q 0 0 0 rg BT 289.34 529.10 Td (America) Tj ET Q q 0 0 0 rg BT 326.54 529.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.65 529.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 363.19 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.18 529.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 418.72 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.38 529.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 487.02 529.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 516.45 529.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 529.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 110.92 517.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 141.84 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.65 517.10 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 188.97 517.10 Td (In ) Tj ET Q q 0 0 0 rg BT 199.90 517.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 235.28 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.67 517.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 284.38 517.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 337.25 517.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 360.98 517.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 401.35 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.74 517.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 453.22 517.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 474.15 517.10 Td (producers, ) Tj ET Q q 0 0 0 rg BT 518.69 517.10 Td (principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (located ) Tj ET Q q 0 0 0 rg BT 81.17 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.74 505.10 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 113.87 505.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 148.65 505.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 181.50 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.24 505.10 Td (Central ) Tj ET Q q 0 0 0 rg BT 229.97 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.71 505.10 Td (South ) Tj ET Q q 0 0 0 rg BT 271.84 505.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 311.06 505.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 350.57 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.65 505.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 390.72 505.10 Td (length ) Tj ET Q q 0 0 0 rg BT 418.01 505.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 440.85 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.58 505.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 487.08 505.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 507.15 505.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 522.78 505.10 Td (grades. ) Tj ET Q q 0 0 0 rg BT 553.68 505.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 77.41 493.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 103.99 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.41 493.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 134.94 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.25 493.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 190.33 493.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 227.20 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.51 493.10 Td (imported ) Tj ET Q q 0 0 0 rg BT 277.59 493.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 298.90 493.10 Td (products ) Tj ET Q q 0 0 0 rg BT 336.32 493.10 Td (has ) Tj ET Q q 0 0 0 rg BT 352.63 493.10 Td (been ) Tj ET Q q 0 0 0 rg BT 374.49 493.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 413.58 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.34 493.10 Td (SMB's ) Tj ET Q q 0 0 0 rg BT 454.13 493.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 488.77 493.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 527.86 493.10 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 78.26 481.10 Td (by ) Tj ET Q q 0 0 0 rg BT 90.98 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.91 481.10 Td (global ) Tj ET Q q 0 0 0 rg BT 133.62 481.10 Td (overcapacity ) Tj ET Q q 0 0 0 rg BT 187.42 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.91 481.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 252.28 481.10 Td (production ) Tj ET Q q 0 0 0 rg BT 298.32 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.48 481.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.19 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.13 481.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 375.82 481.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 410.76 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.80 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.74 481.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 457.24 481.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 483.28 481.10 Td (which ) Tj ET Q q 0 0 0 rg BT 510.43 481.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 549.79 481.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (competitiveness ) Tj ET Q q 0 0 0 rg BT 116.45 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.81 469.10 Td (imports. ) Tj ET Q q 0 0 0 rg BT 161.75 469.10 Td (The ) Tj ET Q q 0 0 0 rg BT 179.32 469.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 216.88 469.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 266.12 469.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 295.35 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.15 469.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 329.05 469.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.97 469.10 Td (market ) Tj ET Q q 0 0 0 rg BT 364.76 469.10 Td (are ) Tj ET Q q 0 0 0 rg BT 378.99 469.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 403.50 469.10 Td (quality) Tj ET Q q 0 0 0 rg BT 430.63 469.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.15 469.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 467.99 469.10 Td (product ) Tj ET Q q 0 0 0 rg BT 500.57 469.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 547.58 469.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 457.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 97.20 457.10 Td (value ) Tj ET Q q 0 0 0 rg BT 121.35 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.18 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.90 457.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 167.18 457.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 189.96 457.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Lar) Tj ET Q q 0 0 0 rg BT 63.70 436.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 74.99 436.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 110.74 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.93 436.10 Td (low-priced ) Tj ET Q q 0 0 0 rg BT 166.10 436.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 198.52 436.10 Td (have ) Tj ET Q q 0 0 0 rg BT 219.26 436.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 262.77 436.10 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 303.78 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.07 436.10 Td (have ) Tj ET Q q 0 0 0 rg BT 340.81 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.89 436.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 391.74 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.37 436.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 437.67 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.30 436.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 490.81 436.10 Td (impact, ) Tj ET Q q 0 0 0 rg BT 522.39 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 436.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.50 424.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 83.79 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.73 424.10 Td (compete. ) Tj ET Q q 0 0 0 rg BT 132.27 424.10 Td (For ) Tj ET Q q 0 0 0 rg BT 148.33 424.10 Td (more ) Tj ET Q q 0 0 0 rg BT 171.04 424.10 Td (than ) Tj ET Q q 0 0 0 rg BT 190.43 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.03 424.10 Td (decade, ) Tj ET Q q 0 0 0 rg BT 229.45 424.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 255.24 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 265.74 424.10 Td (part ) Tj ET Q q 0 0 0 rg BT 283.46 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.95 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.56 424.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 320.51 424.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 355.45 424.10 Td (coalition, ) Tj ET Q q 0 0 0 rg BT 395.11 424.10 Td (has ) Tj ET Q q 0 0 0 rg BT 410.61 424.10 Td (petitioned ) Tj ET Q q 0 0 0 rg BT 452.76 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.15 424.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 487.10 424.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 539.25 424.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.16 412.10 Td (international ) Tj ET Q q 0 0 0 rg BT 119.53 412.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 142.35 412.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 163.52 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.01 412.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 201.94 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.55 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.60 412.10 Td (form ) Tj ET Q q 0 0 0 rg BT 249.87 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.04 412.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 314.42 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.69 412.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 392.28 412.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 419.00 412.10 Td (against ) Tj ET Q q 0 0 0 rg BT 450.16 412.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 470.77 412.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 486.93 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.20 412.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 527.57 412.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.56 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 78.13 400.10 Td (number ) Tj ET Q q 0 0 0 rg BT 110.80 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.26 400.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 152.26 400.10 Td (countries.Many ) Tj ET Q q 0 0 0 rg BT 219.38 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.83 400.10 Td (those ) Tj ET Q q 0 0 0 rg BT 253.07 400.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 276.29 400.10 Td (have ) Tj ET Q q 0 0 0 rg BT 297.29 400.10 Td (been ) Tj ET Q q 0 0 0 rg BT 318.30 400.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 361.52 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.09 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.54 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.00 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.34 400.10 Td (start ) Tj ET Q q 0 0 0 rg BT 432.69 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.14 400.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 466.93 400.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 491.55 400.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 544.23 400.10 Td (duty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 77.53 388.10 Td (were ) Tj ET Q q 0 0 0 rg BT 99.50 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.81 388.10 Td (ef) Tj ET Q q 0 0 0 rg BT 117.40 388.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 134.92 388.10 Td (related ) Tj ET Q q 0 0 0 rg BT 164.66 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.98 388.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 208.07 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.94 388.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 242.02 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 263.99 388.10 Td (Belarus, ) Tj ET Q q 0 0 0 rg BT 299.58 388.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 328.50 388.10 Td (Indonesia, ) Tj ET Q q 0 0 0 rg BT 372.42 388.10 Td (Latvia, ) Tj ET Q q 0 0 0 rg BT 403.00 388.10 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 438.58 388.10 Td (Moldova, ) Tj ET Q q 0 0 0 rg BT 479.73 388.10 Td (Poland ) Tj ET Q q 0 0 0 rg BT 510.05 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.02 388.10 Td (Ukraine; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.93 376.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 117.17 376.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 137.44 376.10 Td (order ) Tj ET Q q 0 0 0 rg BT 161.03 376.10 Td (was ) Tj ET Q q 0 0 0 rg BT 179.06 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.33 376.10 Td (ef) Tj ET Q q 0 0 0 rg BT 196.92 376.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 214.39 376.10 Td (related ) Tj ET Q q 0 0 0 rg BT 244.08 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.35 376.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 287.39 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.21 376.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 321.24 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 342.98 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 348.74 376.10 Td (urkey; ) Tj ET Q q 0 0 0 rg BT 376.77 376.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 429.81 376.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 450.08 376.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 477.56 376.10 Td (were ) Tj ET Q q 0 0 0 rg BT 499.47 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.74 376.10 Td (ef) Tj ET Q q 0 0 0 rg BT 517.33 376.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 534.80 376.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.89 364.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 92.56 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.00 364.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 122.89 364.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 138.33 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.88 364.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 188.93 364.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 217.43 364.10 Td (Indonesia, ) Tj ET Q q 0 0 0 rg BT 260.92 364.10 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 296.08 364.10 Td (Moldova ) Tj ET Q q 0 0 0 rg BT 334.30 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.70 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.46 364.10 Td (rinidad ) Tj ET Q q 0 0 0 rg BT 386.90 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.29 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 408.70 364.10 Td (obago; ) Tj ET Q q 0 0 0 rg BT 438.03 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.59 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 461.14 364.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 521.01 364.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 540.90 364.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (was ) Tj ET Q q 0 0 0 rg BT 68.52 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.26 352.10 Td (ef) Tj ET Q q 0 0 0 rg BT 86.85 352.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.80 352.10 Td (related ) Tj ET Q q 0 0 0 rg BT 134.97 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.72 352.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 179.24 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.53 352.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 211.27 352.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 227.57 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.97 352.10 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 279.66 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 298.17 352.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 325.02 352.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 361.88 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.17 352.10 Td (part ) Tj ET Q q 0 0 0 rg BT 391.69 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.98 352.10 Td (these ) Tj ET Q q 0 0 0 rg BT 426.49 352.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 454.45 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.62 352.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 520.35 352.10 Td (reassessed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.00 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.11 340.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 156.21 340.10 Td (review ) Tj ET Q q 0 0 0 rg BT 185.30 340.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 219.69 340.10 Td (In ) Tj ET Q q 0 0 0 rg BT 229.91 340.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 267.07 340.10 Td (every ) Tj ET Q q 0 0 0 rg BT 291.17 340.10 Td (five ) Tj ET Q q 0 0 0 rg BT 308.61 340.10 Td (years ) Tj ET Q q 0 0 0 rg BT 331.60 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.70 340.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 365.38 340.10 Td (government ) Tj ET Q q 0 0 0 rg BT 415.03 340.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 452.47 340.10 Td (sunset ) Tj ET Q q 0 0 0 rg BT 479.36 340.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 512.35 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.02 340.10 Td (determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 85.01 328.10 Td (revocation ) Tj ET Q q 0 0 0 rg BT 130.01 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.15 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.17 328.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 183.96 328.10 Td (would ) Tj ET Q q 0 0 0 rg BT 211.76 328.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 237.34 328.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 256.80 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.38 328.10 Td (resumption ) Tj ET Q q 0 0 0 rg BT 315.18 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.31 328.10 Td (dumping ) Tj ET Q q 0 0 0 rg BT 364.67 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.91 328.10 Td (subsidization ) Tj ET Q q 0 0 0 rg BT 437.49 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.73 328.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 499.18 328.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 529.19 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.21 328.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 89.22 316.10 Td (industry) Tj ET Q q 0 0 0 rg BT 121.35 316.10 Td (.) Tj ET Q q 0 0 0 rg BT 125.79 316.10 Td (Af) Tj ET Q q 0 0 0 rg BT 136.16 316.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 175.93 316.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 216.26 316.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 241.59 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.92 316.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 285.02 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.91 316.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 333.46 316.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.23 316.10 Td (an ) Tj ET Q q 0 0 0 rg BT 360.78 316.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 403.88 316.10 Td (five ) Tj ET Q q 0 0 0 rg BT 422.54 316.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 449.03 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 467.69 316.10 Td (next ) Tj ET Q q 0 0 0 rg BT 488.02 316.10 Td (sunset ) Tj ET Q q 0 0 0 rg BT 516.13 316.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 550.34 316.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 73.06 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 95.02 304.10 Td (Belarus, ) Tj ET Q q 0 0 0 rg BT 130.59 304.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 159.50 304.10 Td (Indonesia, ) Tj ET Q q 0 0 0 rg BT 203.40 304.10 Td (Latvia, ) Tj ET Q q 0 0 0 rg BT 233.96 304.10 Td (Moldova, ) Tj ET Q q 0 0 0 rg BT 275.09 304.10 Td (Poland ) Tj ET Q q 0 0 0 rg BT 305.39 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.35 304.10 Td (Ukraine ) Tj ET Q q 0 0 0 rg BT 357.08 304.10 Td (will ) Tj ET Q q 0 0 0 rg BT 375.16 304.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.12 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.42 304.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 422.44 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.40 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.58 304.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 486.65 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.43 304.10 Td (T) Tj ET Q q 0 0 0 rg BT 509.19 304.10 Td (urkey ) Tj ET Q q 0 0 0 rg BT 534.48 304.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.56 304.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.98 292.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 84.68 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.72 292.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.47 292.10 Td (next ) Tj ET Q q 0 0 0 rg BT 123.89 292.10 Td (sunset ) Tj ET Q q 0 0 0 rg BT 151.09 292.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 184.39 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.25 292.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 218.22 292.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 233.75 292.10 Td (from ) Tj ET Q q 0 0 0 rg BT 255.39 292.10 Td (all ) Tj ET Q q 0 0 0 rg BT 267.59 292.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 306.44 292.10 Td (other ) Tj ET Q q 0 0 0 rg BT 329.19 292.10 Td (than ) Tj ET Q q 0 0 0 rg BT 348.61 292.10 Td (China ) Tj ET Q q 0 0 0 rg BT 374.70 292.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.46 292.10 Td (be ) Tj ET Q q 0 0 0 rg BT 404.10 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.08 292.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 438.78 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 458.76 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.17 292.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 507.59 292.10 Td (sunset ) Tj ET Q q 0 0 0 rg BT 534.79 292.10 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 92.49 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.65 280.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 131.65 280.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.09 260.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 105.50 260.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 130.76 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.73 260.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 184.59 260.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 220.13 260.10 Td (prevailed ) Tj ET Q q 0 0 0 rg BT 260.09 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.63 260.10 Td (an ) Tj ET Q q 0 0 0 rg BT 282.82 260.10 Td (anti-circumvention ) Tj ET Q q 0 0 0 rg BT 361.67 260.10 Td (case ) Tj ET Q q 0 0 0 rg BT 381.63 260.10 Td (related ) Tj ET Q q 0 0 0 rg BT 411.59 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.13 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.10 260.10 Td (Mexican ) Tj ET Q q 0 0 0 rg BT 474.84 260.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 495.37 260.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 511.46 260.10 Td (antidumping ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 70.54 248.10 Td (order) Tj ET Q q 0 0 0 rg BT 91.09 248.10 Td (. ) Tj ET Q q 0 0 0 rg BT 96.35 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.91 248.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.21 248.10 Td (result ) Tj ET Q q 0 0 0 rg BT 142.19 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.28 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.26 248.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 226.56 248.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.99 248.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.74 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.72 248.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 294.25 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.34 248.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.09 248.10 Td (order ) Tj ET Q q 0 0 0 rg BT 346.95 248.10 Td (will ) Tj ET Q q 0 0 0 rg BT 365.27 248.10 Td (encompass ) Tj ET Q q 0 0 0 rg BT 411.91 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.10 248.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 452.40 248.10 Td (range ) Tj ET Q q 0 0 0 rg BT 477.37 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.46 248.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 508.99 248.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 525.08 248.10 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 95.19 236.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 132.60 236.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 152.79 236.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 168.55 236.10 Td (imports. ) Tj ET Q q 0 0 0 rg BT 204.03 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.91 236.10 Td (At ) Tj ET Q q 0 0 0 rg BT 218.34 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.98 236.10 Td (same ) Tj ET Q q 0 0 0 rg BT 255.95 236.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 278.64 236.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 331.62 236.10 Td (mar) Tj ET Q q 0 0 0 rg BT 346.99 236.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 366.08 236.10 Td (on ) Tj ET Q q 0 0 0 rg BT 378.50 236.10 Td (several ) Tj ET Q q 0 0 0 rg BT 409.24 236.10 Td (lar) Tj ET Q q 0 0 0 rg BT 419.61 236.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 431.47 236.10 Td (Mexican ) Tj ET Q q 0 0 0 rg BT 468.88 236.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 489.07 236.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 504.82 236.10 Td (manufacturers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 224.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 106.07 224.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 158.56 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.84 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.56 224.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 243.27 224.10 Td (review ) Tj ET Q q 0 0 0 rg BT 272.97 224.10 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.21 204.10 Td (August ) Tj ET Q q 0 0 0 rg BT 93.79 204.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 119.98 204.10 Td (following ) Tj ET Q q 0 0 0 rg BT 162.56 204.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.68 204.10 Td (petition ) Tj ET Q q 0 0 0 rg BT 204.93 204.10 Td (from ) Tj ET Q q 0 0 0 rg BT 228.06 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.96 204.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 285.42 204.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 325.21 204.10 Td (industry) Tj ET Q q 0 0 0 rg BT 357.34 204.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.53 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.44 204.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 413.11 204.10 Td (Border ) Tj ET Q q 0 0 0 rg BT 444.57 204.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 481.33 204.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 516.11 204.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 552.57 204.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 102.06 192.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 121.34 192.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 174.50 192.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.34 192.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 206.38 192.10 Td (from ) Tj ET Q q 0 0 0 rg BT 227.32 192.10 Td (Belarus, ) Tj ET Q q 0 0 0 rg BT 261.87 192.10 Td (Chinese ) Tj ET Q q 0 0 0 rg BT 295.48 192.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.89 192.10 Td (aipei, ) Tj ET Q q 0 0 0 rg BT 324.33 192.10 Td (Hong ) Tj ET Q q 0 0 0 rg BT 348.06 192.10 Td (Kong, ) Tj ET Q q 0 0 0 rg BT 374.28 192.10 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 401.05 192.10 Td (Portugal ) Tj ET Q q 0 0 0 rg BT 436.44 192.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.39 192.10 Td (Spain. ) Tj ET Q q 0 0 0 rg BT 479.17 192.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.56 192.10 Td (That ) Tj ET Q q 0 0 0 rg BT 500.39 192.10 Td (case ) Tj ET Q q 0 0 0 rg BT 519.10 192.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.28 192.10 Td (pending, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (but ) Tj ET Q q 0 0 0 rg BT 65.20 180.10 Td (if ) Tj ET Q q 0 0 0 rg BT 73.73 180.10 Td (successful, ) Tj ET Q q 0 0 0 rg BT 119.75 180.10 Td (will ) Tj ET Q q 0 0 0 rg BT 137.73 180.10 Td (result ) Tj ET Q q 0 0 0 rg BT 162.37 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.57 180.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 225.54 180.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 245.74 180.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 273.15 180.10 Td (against ) Tj ET Q q 0 0 0 rg BT 303.90 180.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 326.86 180.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.72 180.10 Td (those ) Tj ET Q q 0 0 0 rg BT 372.25 180.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 411.33 180.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 440.69 180.10 Td (with ) Tj ET Q q 0 0 0 rg BT 460.89 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.53 180.10 Td (current ) Tj ET Q q 0 0 0 rg BT 506.26 180.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 533.68 180.10 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 73.56 168.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.01 168.10 Td (China, ) Tj ET Q q 0 0 0 rg BT 125.42 168.10 Td (Korea ) Tj ET Q q 0 0 0 rg BT 152.87 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.11 168.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.86 168.10 Td (urkey) Tj ET Q q 0 0 0 rg BT 197.98 168.10 Td (, ) Tj ET Q q 0 0 0 rg BT 203.50 168.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.73 168.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 257.28 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.08 168.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 308.30 168.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 327.97 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.77 168.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.23 168.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 387.01 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.81 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.04 168.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 446.06 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.41 168.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 490.98 168.10 Td (into ) Tj ET Q q 0 0 0 rg BT 509.56 168.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 542.56 168.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (these ) Tj ET Q q 0 0 0 rg BT 73.05 156.10 Td (countries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.39 135.10 Td (September ) Tj ET Q q 0 0 0 rg BT 105.22 135.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 129.79 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 135.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 182.24 135.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 217.08 135.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 237.47 135.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.97 135.10 Td (new ) Tj ET Q q 0 0 0 rg BT 262.70 135.10 Td (petition ) Tj ET Q q 0 0 0 rg BT 295.31 135.10 Td (tar) Tj ET Q q 0 0 0 rg BT 305.68 135.10 Td (geting ) Tj ET Q q 0 0 0 rg BT 332.74 135.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 355.34 135.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.84 135.10 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 404.03 135.10 Td (T) Tj ET Q q 0 0 0 rg BT 409.44 135.10 Td (aiwan ) Tj ET Q q 0 0 0 rg BT 435.38 135.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.73 135.10 Td (T) Tj ET Q q 0 0 0 rg BT 457.49 135.10 Td (urkey) Tj ET Q q 0 0 0 rg BT 479.61 135.10 Td (. ) Tj ET Q q 0 0 0 rg BT 484.02 135.10 Td (The ) Tj ET Q q 0 0 0 rg BT 501.63 135.10 Td (petition ) Tj ET Q q 0 0 0 rg BT 534.25 135.10 Td (alleges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (dumping ) Tj ET Q q 0 0 0 rg BT 87.81 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.40 123.10 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 136.19 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.72 123.10 Td (T) Tj ET Q q 0 0 0 rg BT 158.13 123.10 Td (aiwanese ) Tj ET Q q 0 0 0 rg BT 197.03 123.10 Td (rebar) Tj ET Q q 0 0 0 rg BT 217.17 123.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.92 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.61 123.10 Td (dumping ) Tj ET Q q 0 0 0 rg BT 276.43 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.12 123.10 Td (unfair ) Tj ET Q q 0 0 0 rg BT 319.25 123.10 Td (subsidization ) Tj ET Q q 0 0 0 rg BT 374.28 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.70 123.10 Td (T) Tj ET Q q 0 0 0 rg BT 390.46 123.10 Td (urkish ) Tj ET Q q 0 0 0 rg BT 417.71 123.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 440.50 123.10 Td (imports, ) Tj ET Q q 0 0 0 rg BT 475.82 123.10 Td (which ) Tj ET Q q 0 0 0 rg BT 502.51 123.10 Td (would ) Tj ET Q q 0 0 0 rg BT 529.76 123.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 554.24 123.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.21 111.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 107.41 111.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.96 111.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 152.06 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.61 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.60 111.10 Td (current ) Tj ET Q q 0 0 0 rg BT 205.69 111.10 Td (order ) Tj ET Q q 0 0 0 rg BT 228.56 111.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 268.66 111.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 296.68 111.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.00 111.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 333.56 111.10 Td (International ) Tj ET Q q 0 0 0 rg BT 386.29 111.10 Td (T) Tj ET Q q 0 0 0 rg BT 392.05 111.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 411.03 111.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 463.37 111.10 Td (will ) Tj ET Q q 0 0 0 rg BT 480.70 111.10 Td (make ) Tj ET Q q 0 0 0 rg BT 504.12 111.10 Td (its ) Tj ET Q q 0 0 0 rg BT 515.34 111.10 Td (preliminary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 76.39 99.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 134.42 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.70 99.10 Td (November ) Tj ET Q q 0 0 0 rg BT 189.41 99.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 208.85 99.10 Td (if ) Tj ET Q q 0 0 0 rg BT 217.46 99.10 Td (that ) Tj ET Q q 0 0 0 rg BT 234.95 99.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.12 99.10 Td (af) Tj ET Q q 0 0 0 rg BT 251.71 99.10 Td (firmative, ) Tj ET Q q 0 0 0 rg BT 293.36 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.08 99.10 Td (case ) Tj ET Q q 0 0 0 rg BT 327.78 99.10 Td (will ) Tj ET Q q 0 0 0 rg BT 345.84 99.10 Td (proceed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.05 78.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 111.99 78.10 Td (ef) Tj ET Q q 0 0 0 rg BT 119.58 78.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 167.50 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.34 78.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 214.50 78.10 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 268.56 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.50 78.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 347.76 78.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 369.05 78.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 397.54 78.10 Td (related ) Tj ET Q q 0 0 0 rg BT 428.24 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.53 78.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 473.59 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.42 78.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 506.69 78.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 523.53 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 78.10 Td (rebar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (products ) Tj ET Q q 0 0 0 rg BT 86.84 66.10 Td (is ) Tj ET Q q 0 0 0 rg BT 95.92 66.10 Td (lar) Tj ET Q q 0 0 0 rg BT 106.28 66.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 125.91 66.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 165.51 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.36 66.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.43 66.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 230.49 66.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.89 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.51 66.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 277.70 66.10 Td (Government's ) Tj ET Q q 0 0 0 rg BT 335.78 66.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 363.74 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.92 66.10 Td (ef) Tj ET Q q 0 0 0 rg BT 381.51 66.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 417.24 66.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 450.74 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.59 66.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 501.65 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.84 66.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 553.68 66.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.28 54.10 Td (international ) Tj ET Q q 0 0 0 rg BT 123.32 54.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 145.81 54.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 166.64 54.10 Td (af) Tj ET Q q 0 0 0 rg BT 174.22 54.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 204.49 54.10 Td (SMB's ) Tj ET Q q 0 0 0 rg BT 233.80 54.10 Td (business. ) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (10) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 90.82 742.25 Td (Focus) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Use of our Operating Platform to Meet Both Domestic and Global Demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 66.84 706.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 91.27 706.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 130.69 706.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 166.77 706.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 201.75 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.83 706.25 Td (wide-ranging ) Tj ET Q q 0 0 0 rg BT 262.80 706.25 Td (network ) Tj ET Q q 0 0 0 rg BT 297.22 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.20 706.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 344.95 706.25 Td (that ) Tj ET Q q 0 0 0 rg BT 361.60 706.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 389.36 706.25 Td (us ) Tj ET Q q 0 0 0 rg BT 399.90 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.33 706.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 441.52 706.25 Td (access ) Tj ET Q q 0 0 0 rg BT 468.71 706.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 510.91 706.25 Td (domestically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.01 694.25 Td (around ) Tj ET Q q 0 0 0 rg BT 97.35 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.13 694.25 Td (world ) Tj ET Q q 0 0 0 rg BT 138.03 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.38 694.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 170.38 694.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 204.61 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 218.84 694.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 255.27 694.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 280.05 694.25 Td (wherever ) Tj ET Q q 0 0 0 rg BT 319.82 694.25 Td (it ) Tj ET Q q 0 0 0 rg BT 327.95 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 337.19 694.25 Td (greatest. ) Tj ET Q q 0 0 0 rg BT 373.35 694.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 391.47 694.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 416.81 694.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 438.26 694.25 Td (water ) Tj ET Q q 0 0 0 rg BT 463.03 694.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 498.92 694.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 535.92 694.25 Td (enable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (us ) Tj ET Q q 0 0 0 rg BT 61.99 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 72.87 682.25 Td (bulk ) Tj ET Q q 0 0 0 rg BT 93.75 682.25 Td (load ) Tj ET Q q 0 0 0 rg BT 114.07 682.25 Td (lar) Tj ET Q q 0 0 0 rg BT 124.44 682.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 136.98 682.25 Td (vessels ) Tj ET Q q 0 0 0 rg BT 168.41 682.25 Td (capable ) Tj ET Q q 0 0 0 rg BT 202.05 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.48 682.25 Td (trans-oceanic ) Tj ET Q q 0 0 0 rg BT 269.88 682.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 316.04 682.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 349.13 682.25 Td (allowing ) Tj ET Q q 0 0 0 rg BT 387.22 682.25 Td (us ) Tj ET Q q 0 0 0 rg BT 399.22 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.10 682.25 Td (ef) Tj ET Q q 0 0 0 rg BT 417.69 682.25 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 454.11 682.25 Td (ship ) Tj ET Q q 0 0 0 rg BT 473.88 682.25 Td (products ) Tj ET Q q 0 0 0 rg BT 511.42 682.25 Td (globally) Tj ET Q q 0 0 0 rg BT 543.55 682.25 Td (. ) Tj ET Q q 0 0 0 rg BT 548.92 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.56 682.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 82.69 670.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 100.95 670.25 Td (ef) Tj ET Q q 0 0 0 rg BT 108.54 670.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 149.00 670.25 Td (because ) Tj ET Q q 0 0 0 rg BT 182.80 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 196.61 670.25 Td (own ) Tj ET Q q 0 0 0 rg BT 215.99 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.36 670.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 266.39 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.88 670.25 Td (these ) Tj ET Q q 0 0 0 rg BT 299.58 670.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 335.05 670.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 374.13 670.25 Td (which ) Tj ET Q q 0 0 0 rg BT 400.72 670.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 433.41 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.78 670.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 490.49 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.97 670.25 Td (berthing ) Tj ET Q q 0 0 0 rg BT 536.45 670.25 Td (delays ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (often ) Tj ET Q q 0 0 0 rg BT 73.51 658.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 124.78 658.25 Td (by ) Tj ET Q q 0 0 0 rg BT 137.74 658.25 Td (users ) Tj ET Q q 0 0 0 rg BT 161.25 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.55 658.25 Td (unaf) Tj ET Q q 0 0 0 rg BT 190.14 658.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 221.42 658.25 Td (terminals, ) Tj ET Q q 0 0 0 rg BT 264.10 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.50 658.25 Td (because ) Tj ET Q q 0 0 0 rg BT 316.11 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 330.73 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 345.90 658.25 Td (able ) Tj ET Q q 0 0 0 rg BT 365.52 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.26 658.25 Td (ship ) Tj ET Q q 0 0 0 rg BT 395.90 658.25 Td (bulk ) Tj ET Q q 0 0 0 rg BT 416.64 658.25 Td (car) Tj ET Q q 0 0 0 rg BT 428.67 658.25 Td (goes ) Tj ET Q q 0 0 0 rg BT 449.96 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.25 658.25 Td (up ) Tj ET Q q 0 0 0 rg BT 474.22 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.96 658.25 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 515.42 658.25 Td (tons, ) Tj ET Q q 0 0 0 rg BT 537.56 658.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.46 646.25 Td (have ) Tj ET Q q 0 0 0 rg BT 110.60 646.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 135.63 646.25 Td (freight ) Tj ET Q q 0 0 0 rg BT 164.54 646.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 186.80 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 199.06 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 205.76 646.25 Td (per) Tj ET Q q 0 0 0 rg BT 218.33 646.25 Td (-ton ) Tj ET Q q 0 0 0 rg BT 236.70 646.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 258.96 646.25 Td (than ) Tj ET Q q 0 0 0 rg BT 278.43 646.25 Td (containerized ) Tj ET Q q 0 0 0 rg BT 334.55 646.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 377.37 646.25 Td (that ) Tj ET Q q 0 0 0 rg BT 394.62 646.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 414.66 646.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 426.92 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.96 646.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 449.22 646.25 Td (tons. ) Tj ET Q q 0 0 0 rg BT 470.48 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 479.12 646.25 Td (e ) Tj ET Q q 0 0 0 rg BT 485.82 646.25 Td (also ) Tj ET Q q 0 0 0 rg BT 504.19 646.25 Td (use ) Tj ET Q q 0 0 0 rg BT 519.78 646.25 Td (an ) Tj ET Q q 0 0 0 rg BT 531.48 646.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.11 634.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 110.54 634.25 Td (logistics ) Tj ET Q q 0 0 0 rg BT 145.54 634.25 Td (network ) Tj ET Q q 0 0 0 rg BT 179.98 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.42 634.25 Td (transport ) Tj ET Q q 0 0 0 rg BT 226.64 634.25 Td (both ) Tj ET Q q 0 0 0 rg BT 246.08 634.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 276.07 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.18 634.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 337.16 634.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 364.93 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 376.60 634.25 Td (truck, ) Tj ET Q q 0 0 0 rg BT 401.32 634.25 Td (rail ) Tj ET Q q 0 0 0 rg BT 416.31 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.41 634.25 Td (bar) Tj ET Q q 0 0 0 rg BT 445.00 634.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 456.11 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.55 634.25 Td (ef) Tj ET Q q 0 0 0 rg BT 473.14 634.25 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 508.13 634.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 529.23 634.25 Td (regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.60 622.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 122.76 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.04 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.87 622.25 Td (North ) Tj ET Q q 0 0 0 rg BT 174.15 622.25 Td (American ) Tj ET Q q 0 0 0 rg BT 216.07 622.25 Td (market.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (Continuous ) Tj ET Q q 0 0 0 rg BT 100.86 601.25 Td (Improvement ) Tj ET Q q 0 0 0 rg BT 158.36 601.25 Td (Initiatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 586.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.46 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 80.06 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 86.88 586.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 136.48 586.25 Td (producer ) Tj ET Q q 0 0 0 rg BT 174.40 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.12 586.25 Td (both ) Tj ET Q q 0 0 0 rg BT 205.28 586.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 241.53 586.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 266.13 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.95 586.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 317.56 586.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 338.27 586.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 377.59 586.25 Td (In ) Tj ET Q q 0 0 0 rg BT 388.31 586.25 Td (order ) Tj ET Q q 0 0 0 rg BT 411.80 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.96 586.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 463.78 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.38 586.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 518.53 586.25 Td (income ) Tj ET Q q 0 0 0 rg BT 550.35 586.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (both ) Tj ET Q q 0 0 0 rg BT 70.36 574.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 117.10 574.25 Td (we ) Tj ET Q q 0 0 0 rg BT 131.35 574.25 Td (have ) Tj ET Q q 0 0 0 rg BT 152.81 574.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 200.39 574.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 234.07 574.25 Td (on, ) Tj ET Q q 0 0 0 rg BT 249.16 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.18 574.25 Td (will ) Tj ET Q q 0 0 0 rg BT 284.32 574.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 321.34 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 331.71 574.25 Td (emphasize, ) Tj ET Q q 0 0 0 rg BT 378.99 574.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 425.47 574.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 481.37 574.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 524.23 574.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 101.45 562.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 143.45 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.45 562.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 207.45 562.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 257.79 562.25 Td (which ) Tj ET Q q 0 0 0 rg BT 284.79 562.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 305.13 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 315.47 562.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 357.46 562.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 388.35 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.35 562.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 451.24 562.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 474.90 562.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 499.68 562.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 537.22 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.22 562.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 84.73 550.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 135.02 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.20 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.94 550.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 178.67 550.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 238.39 550.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 283.85 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 300.80 550.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 338.86 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.59 550.25 Td (these ) Tj ET Q q 0 0 0 rg BT 370.55 550.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 409.72 550.25 Td (is ) Tj ET Q q 0 0 0 rg BT 417.80 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.98 550.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 459.49 550.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 481.44 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.62 550.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 523.69 550.25 Td (processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.53 538.25 Td (could ) Tj ET Q q 0 0 0 rg BT 92.29 538.25 Td (be ) Tj ET Q q 0 0 0 rg BT 104.27 538.25 Td (made ) Tj ET Q q 0 0 0 rg BT 128.46 538.25 Td (more ) Tj ET Q q 0 0 0 rg BT 151.55 538.25 Td (ef) Tj ET Q q 0 0 0 rg BT 159.14 538.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 187.22 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 198.09 538.25 Td (where ) Tj ET Q q 0 0 0 rg BT 225.05 538.25 Td (current ) Tj ET Q q 0 0 0 rg BT 255.91 538.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 308.97 538.25 Td (could ) Tj ET Q q 0 0 0 rg BT 333.73 538.25 Td (be ) Tj ET Q q 0 0 0 rg BT 345.70 538.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 386.57 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.54 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.86 538.25 Td (recommend ) Tj ET Q q 0 0 0 rg BT 463.60 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.58 538.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 525.89 538.25 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 526.25 Td (could ) Tj ET Q q 0 0 0 rg BT 92.21 526.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 127.47 526.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 165.50 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.33 526.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 205.48 526.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 227.98 526.25 Td (by ) Tj ET Q q 0 0 0 rg BT 240.48 526.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 284.07 526.25 Td (output, ) Tj ET Q q 0 0 0 rg BT 314.63 526.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 352.10 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.04 526.25 Td (productivity) Tj ET Q q 0 0 0 rg BT 417.28 526.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.91 505.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 87.92 505.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 114.10 505.25 Td (we ) Tj ET Q q 0 0 0 rg BT 128.34 505.25 Td (undertook ) Tj ET Q q 0 0 0 rg BT 171.47 505.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.50 505.25 Td (number ) Tj ET Q q 0 0 0 rg BT 211.63 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.54 505.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 274.00 505.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 333.80 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.82 505.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 404.50 505.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 446.52 505.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 484.65 505.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.01 505.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 524.24 505.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.41 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.17 493.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 140.81 493.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 187.93 493.25 Td (, ) Tj ET Q q 0 0 0 rg BT 192.75 493.25 Td (including ) Tj ET Q q 0 0 0 rg BT 232.83 493.25 Td (further ) Tj ET Q q 0 0 0 rg BT 262.36 493.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 307.99 493.25 Td (among ) Tj ET Q q 0 0 0 rg BT 337.53 493.25 Td (our ) Tj ET Q q 0 0 0 rg BT 353.17 493.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 393.25 493.25 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 436.39 493.25 Td (In ) Tj ET Q q 0 0 0 rg BT 447.04 493.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 471.01 493.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 495.83 493.25 Td (we ) Tj ET Q q 0 0 0 rg BT 509.80 493.25 Td (implemented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 100.75 481.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 155.94 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.25 481.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 225.21 481.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 266.52 481.25 Td (which ) Tj ET Q q 0 0 0 rg BT 292.83 481.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 330.23 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.54 481.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 376.18 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 385.83 481.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 414.35 481.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 444.54 481.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 484.17 481.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.04 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.24 481.25 Td ($40 ) Tj ET Q q 0 0 0 rg BT 533.11 481.25 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.37 469.25 Td (were ) Tj ET Q q 0 0 0 rg BT 89.73 469.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 134.31 469.25 Td (by ) Tj ET Q q 0 0 0 rg BT 147.24 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 469.25 Td (end ) Tj ET Q q 0 0 0 rg BT 179.76 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.02 469.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 215.61 469.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 240.83 469.25 Td (The ) Tj ET Q q 0 0 0 rg BT 259.30 469.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 293.89 469.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 337.92 469.25 Td (with ) Tj ET Q q 0 0 0 rg BT 358.63 469.25 Td (these ) Tj ET Q q 0 0 0 rg BT 382.10 469.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 424.47 469.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 462.38 469.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.52 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 513.78 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 521.15 469.25 Td (result ) Tj ET Q q 0 0 0 rg BT 546.30 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 557.56 469.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 103.72 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.78 457.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 160.60 457.25 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 208.48 457.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 274.97 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.03 457.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 335.74 457.25 Td (ef) Tj ET Q q 0 0 0 rg BT 343.33 457.25 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 387.87 457.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 423.24 457.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 446.95 457.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 470.68 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.85 457.25 Td (other ) Tj ET Q q 0 0 0 rg BT 513.12 457.25 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.20 424.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.72 424.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 111.08 424.25 Td (we ) Tj ET Q q 0 0 0 rg BT 125.61 424.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 161.24 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.54 424.25 Td (implemented ) Tj ET Q q 0 0 0 rg BT 233.62 424.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 287.58 424.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 329.88 424.25 Td (including ) Tj ET Q q 0 0 0 rg BT 370.52 424.25 Td (idling ) Tj ET Q q 0 0 0 rg BT 396.72 424.25 Td (underutilized ) Tj ET Q q 0 0 0 rg BT 452.34 424.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 481.31 424.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 521.38 424.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.57 424.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 80.41 412.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 104.70 412.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 123.43 412.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 144.39 412.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 169.24 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.54 412.25 Td (more ) Tj ET Q q 0 0 0 rg BT 200.61 412.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 230.45 412.25 Td (align ) Tj ET Q q 0 0 0 rg BT 251.97 412.25 Td (our ) Tj ET Q q 0 0 0 rg BT 266.82 412.25 Td (business ) Tj ET Q q 0 0 0 rg BT 302.23 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.53 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.26 412.25 Td (prevalent ) Tj ET Q q 0 0 0 rg BT 363.99 412.25 Td (market ) Tj ET Q q 0 0 0 rg BT 393.27 412.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 438.84 412.25 Td (W) Tj ET Q q 0 0 0 rg BT 447.48 412.25 Td (e ) Tj ET Q q 0 0 0 rg BT 453.44 412.25 Td (also ) Tj ET Q q 0 0 0 rg BT 471.07 412.25 Td (implemented ) Tj ET Q q 0 0 0 rg BT 524.80 412.25 Td (measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 85.10 400.25 Td (on ) Tj ET Q q 0 0 0 rg BT 99.10 400.25 Td (further ) Tj ET Q q 0 0 0 rg BT 130.30 400.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 169.29 400.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.61 400.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 217.27 400.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 259.03 400.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 299.13 400.25 Td (at ) Tj ET Q q 0 0 0 rg BT 310.34 400.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 354.33 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.88 400.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 398.66 400.25 Td (through ) Tj ET Q q 0 0 0 rg BT 433.77 400.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 478.86 400.25 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 527.02 400.25 Td (reducing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 388.25 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 110.29 388.25 Td (layers, ) Tj ET Q q 0 0 0 rg BT 139.93 388.25 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 197.08 388.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 226.45 388.25 Td (services ) Tj ET Q q 0 0 0 rg BT 261.93 388.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 302.41 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.12 388.25 Td (other ) Tj ET Q q 0 0 0 rg BT 343.94 388.25 Td (non-headcount ) Tj ET Q q 0 0 0 rg BT 406.63 388.25 Td (measures. ) Tj ET Q q 0 0 0 rg BT 448.88 388.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 494.93 388.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 514.30 388.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 547.57 388.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 104.40 376.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 163.24 376.25 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 210.70 376.25 Td (including ) Tj ET Q q 0 0 0 rg BT 253.99 376.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 299.50 376.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 346.68 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.97 376.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 406.87 376.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 442.39 376.25 Td (from ) Tj ET Q q 0 0 0 rg BT 467.35 376.25 Td (procurement ) Tj ET Q q 0 0 0 rg BT 523.40 376.25 Td (activities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 102.98 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.30 364.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 174.49 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.92 364.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 237.69 364.25 Td (services ) Tj ET Q q 0 0 0 rg BT 272.88 364.25 Td (functions, ) Tj ET Q q 0 0 0 rg BT 315.59 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.01 364.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 383.77 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.54 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 410.86 364.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 451.61 364.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 487.91 364.25 Td (through ) Tj ET Q q 0 0 0 rg BT 522.01 364.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.72 352.25 Td (closures, ) Tj ET Q q 0 0 0 rg BT 118.38 352.25 Td (were ) Tj ET Q q 0 0 0 rg BT 140.21 352.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 180.93 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.76 352.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 232.93 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.11 352.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 267.16 352.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 289.56 352.25 Td (as ) Tj ET Q q 0 0 0 rg BT 300.28 352.25 Td (an ) Tj ET Q q 0 0 0 rg BT 312.12 352.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 355.06 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.79 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.41 352.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 404.46 352.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 426.86 352.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 480.35 352.25 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 524.51 352.25 Td (T) Tj ET Q q 0 0 0 rg BT 529.92 352.25 Td (ogether) Tj ET Q q 0 0 0 rg BT 559.50 352.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.96 340.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 99.02 340.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 122.43 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.28 340.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 163.69 340.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 206.54 340.25 Td (tar) Tj ET Q q 0 0 0 rg BT 216.91 340.25 Td (get ) Tj ET Q q 0 0 0 rg BT 232.54 340.25 Td (an ) Tj ET Q q 0 0 0 rg BT 245.39 340.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 302.12 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.31 340.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 343.37 340.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 375.10 340.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 416.27 340.25 Td (results ) Tj ET Q q 0 0 0 rg BT 445.79 340.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.53 340.25 Td ($95 ) Tj ET Q q 0 0 0 rg BT 475.94 340.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.83 340.25 Td (, ) Tj ET Q q 0 0 0 rg BT 510.74 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.49 340.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.33 340.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 87.53 328.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.29 328.25 Td ($78 ) Tj ET Q q 0 0 0 rg BT 164.29 328.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.18 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.18 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.51 328.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 239.16 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.94 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 264.26 328.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 287.92 328.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 309.92 328.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 340.52 328.25 Td (with ) Tj ET Q q 0 0 0 rg BT 360.30 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.52 328.25 Td (full ) Tj ET Q q 0 0 0 rg BT 390.40 328.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.06 328.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 452.71 328.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 490.24 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.02 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 511.45 328.25 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 89.04 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.33 316.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 125.49 316.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 151.50 316.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.45 316.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 192.39 316.25 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.39 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.90 316.25 Td (- ) Tj ET Q q 0 0 0 rg BT 207.74 316.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 264.57 316.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 311.96 316.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.90 316.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 352.85 316.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.85 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 366.36 316.25 Td (- ) Tj ET Q q 0 0 0 rg BT 373.20 316.25 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 431.14 316.25 Td (Char) Tj ET Q q 0 0 0 rg BT 450.40 316.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 467.24 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.18 316.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 511.46 316.25 Td (Exit-Related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (Activities ) Tj ET Q q 0 0 0 rg BT 91.38 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.66 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.38 304.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 142.21 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.49 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.20 304.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 222.48 304.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 262.19 304.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 308.57 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.85 304.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 337.46 304.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 349.12 304.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 377.44 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.27 304.25 Td (this ) Tj ET Q q 0 0 0 rg BT 405.22 304.25 Td (report ) Tj ET Q q 0 0 0 rg BT 431.60 304.25 Td (for ) Tj ET Q q 0 0 0 rg BT 445.76 304.25 Td (further ) Tj ET Q q 0 0 0 rg BT 475.46 304.25 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (During ) Tj ET Q q 0 0 0 rg BT 81.23 283.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.78 283.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 131.18 283.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 154.08 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.42 283.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.42 283.25 Td (, ) Tj ET Q q 0 0 0 rg BT 196.82 283.25 Td (we ) Tj ET Q q 0 0 0 rg BT 211.38 283.25 Td (spent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.39 283.25 Td ($35 ) Tj ET Q q 0 0 0 rg BT 253.29 283.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.18 283.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.58 283.25 Td ($32 ) Tj ET Q q 0 0 0 rg BT 305.48 283.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.37 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.27 283.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.61 283.25 Td ($39 ) Tj ET Q q 0 0 0 rg BT 372.51 283.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.40 283.25 Td (, ) Tj ET Q q 0 0 0 rg BT 406.80 283.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 454.46 283.25 Td (, ) Tj ET Q q 0 0 0 rg BT 459.86 283.25 Td (on ) Tj ET Q q 0 0 0 rg BT 472.76 283.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.31 283.25 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (These ) Tj ET Q q 0 0 0 rg BT 77.63 271.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.03 271.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 162.87 271.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.83 271.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 233.11 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.19 271.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 296.15 271.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 347.67 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.20 271.25 Td (modern ) Tj ET Q q 0 0 0 rg BT 393.50 271.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 439.46 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.98 271.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 488.06 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.02 271.25 Td (ef) Tj ET Q q 0 0 0 rg BT 511.61 271.25 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 547.56 271.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 97.77 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.33 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 123.90 259.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 168.35 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.37 259.25 Td (order ) Tj ET Q q 0 0 0 rg BT 201.70 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.71 259.25 Td (further ) Tj ET Q q 0 0 0 rg BT 241.15 259.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 282.81 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 298.38 259.25 Td (economies ) Tj ET Q q 0 0 0 rg BT 343.38 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.94 259.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 376.16 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.83 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.84 259.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 435.07 259.25 Td (with ) Tj ET Q q 0 0 0 rg BT 455.09 259.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 515.08 259.25 Td (regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.58 247.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 96.27 247.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 149.39 247.25 Td (in ) Tj ET Q q 0 0 0 rg BT 159.21 247.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.89 247.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.89 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.93 247.25 Td (included ) Tj ET Q q 0 0 0 rg BT 241.39 247.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.42 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.24 247.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 307.48 247.25 Td (our ) Tj ET Q q 0 0 0 rg BT 322.84 247.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 367.08 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.55 247.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 439.45 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.92 247.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 486.83 247.25 Td (on ) Tj ET Q q 0 0 0 rg BT 498.86 247.25 Td (our ) Tj ET Q q 0 0 0 rg BT 514.23 247.25 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.59 235.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 119.15 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.40 235.25 Td (safety-related ) Tj ET Q q 0 0 0 rg BT 191.62 235.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 219.12 235.25 Td (W) Tj ET Q q 0 0 0 rg BT 227.76 235.25 Td (e ) Tj ET Q q 0 0 0 rg BT 234.01 235.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 271.91 235.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 290.94 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.52 235.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 326.22 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.80 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.83 235.25 Td (range ) Tj ET Q q 0 0 0 rg BT 373.84 235.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.98 235.25 Td ($45 ) Tj ET Q q 0 0 0 rg BT 400.79 235.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.68 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.49 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.08 235.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 469.53 235.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 522.44 235.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.24 235.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 84.16 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.43 223.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.59 223.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.59 223.25 Td (, ) Tj ET Q q 0 0 0 rg BT 143.59 223.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 183.85 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.68 223.25 Td (any ) Tj ET Q q 0 0 0 rg BT 211.62 223.25 Td (acquisitions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Integrated Operations Maximize Opportunities for Synergies, Cost Ef) Tj ET Q q 0 0 0 rg BT 335.96 202.25 Td (ficiencies and V) Tj ET Q q 0 0 0 rg BT 400.95 202.25 Td (olumes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.79 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.46 187.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.35 187.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 133.12 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.91 187.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 168.02 187.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 192.97 187.25 Td (we ) Tj ET Q q 0 0 0 rg BT 207.09 187.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 248.98 187.25 Td (our ) Tj ET Q q 0 0 0 rg BT 264.76 187.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 284.43 187.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 306.33 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.22 187.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 351.78 187.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 391.44 187.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 436.11 187.25 Td (into ) Tj ET Q q 0 0 0 rg BT 454.12 187.25 Td (a ) Tj ET Q q 0 0 0 rg BT 461.02 187.25 Td (single ) Tj ET Q q 0 0 0 rg BT 487.36 187.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 527.58 187.25 Td (platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.62 175.25 Td (further ) Tj ET Q q 0 0 0 rg BT 90.67 175.25 Td (optimize ) Tj ET Q q 0 0 0 rg BT 128.51 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.57 175.25 Td (ef) Tj ET Q q 0 0 0 rg BT 151.16 175.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 192.31 175.25 Td (within ) Tj ET Q q 0 0 0 rg BT 220.71 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.77 175.25 Td (platform, ) Tj ET Q q 0 0 0 rg BT 275.55 175.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 304.49 175.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 347.32 175.25 Td (syner) Tj ET Q q 0 0 0 rg BT 368.80 175.25 Td (gies ) Tj ET Q q 0 0 0 rg BT 387.76 175.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.38 175.25 Td (be ) Tj ET Q q 0 0 0 rg BT 410.66 175.25 Td (captured ) Tj ET Q q 0 0 0 rg BT 447.93 175.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 494.66 175.25 Td (our ) Tj ET Q q 0 0 0 rg BT 510.83 175.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 540.35 175.25 Td (chain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 163.25 Td (global ) Tj ET Q q 0 0 0 rg BT 93.74 163.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 115.34 163.25 Td (channel, ) Tj ET Q q 0 0 0 rg BT 151.08 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.68 163.25 Td (more ) Tj ET Q q 0 0 0 rg BT 190.38 163.25 Td (ef) Tj ET Q q 0 0 0 rg BT 197.97 163.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 235.10 163.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 271.12 163.25 Td (our ) Tj ET Q q 0 0 0 rg BT 286.60 163.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 314.86 163.25 Td (services ) Tj ET Q q 0 0 0 rg BT 349.22 163.25 Td (functions. ) Tj ET Q q 0 0 0 rg BT 390.94 163.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 427.53 163.25 Td (our ) Tj ET Q q 0 0 0 rg BT 443.01 163.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 485.15 163.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.07 163.25 Td (platform, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.48 151.25 Td (also ) Tj ET Q q 0 0 0 rg BT 83.41 151.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 104.00 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.60 151.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 151.28 151.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 199.09 151.25 Td (ef) Tj ET Q q 0 0 0 rg BT 206.67 151.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 247.81 151.25 Td (through ) Tj ET Q q 0 0 0 rg BT 281.74 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.77 151.25 Td (use ) Tj ET Q q 0 0 0 rg BT 312.92 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.08 151.25 Td (regionally-based ) Tj ET Q q 0 0 0 rg BT 393.54 151.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 423.03 151.25 Td (networks ) Tj ET Q q 0 0 0 rg BT 462.51 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.77 151.25 Td (national ) Tj ET Q q 0 0 0 rg BT 514.80 151.25 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.27 139.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 121.38 139.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 167.77 139.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.50 139.25 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.01 139.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 226.95 139.25 Td (support ) Tj ET Q q 0 0 0 rg BT 259.46 139.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 313.08 139.25 Td (within ) Tj ET Q q 0 0 0 rg BT 341.15 139.25 Td (our ) Tj ET Q q 0 0 0 rg BT 356.99 139.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 391.16 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.11 139.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 445.61 139.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 474.80 139.25 Td (channels ) Tj ET Q q 0 0 0 rg BT 512.29 139.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.58 139.25 Td (maximize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (available ) Tj ET Q q 0 0 0 rg BT 87.37 127.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 125.04 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.76 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.38 127.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 203.86 127.25 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 244.58 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.30 127.25 Td (management ) Tj ET Q q 0 0 0 rg BT 312.67 127.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 351.72 127.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 384.67 127.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 413.72 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.22 127.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 451.27 127.25 Td (value ) Tj ET Q q 0 0 0 rg BT 474.21 127.25 Td (chain, ) Tj ET Q q 0 0 0 rg BT 499.64 127.25 Td (which ) Tj ET Q q 0 0 0 rg BT 525.37 127.25 Td (enhances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.11 115.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 94.45 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.01 115.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 131.69 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.25 115.25 Td (market ) Tj ET Q q 0 0 0 rg BT 172.80 115.25 Td (changes. ) Tj ET Q q 0 0 0 rg BT 210.29 115.25 Td (In ) Tj ET Q q 0 0 0 rg BT 221.40 115.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 259.46 115.25 Td (we ) Tj ET Q q 0 0 0 rg BT 273.91 115.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.57 115.25 Td (implemented ) Tj ET Q q 0 0 0 rg BT 350.56 115.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 398.32 115.25 Td (ef) Tj ET Q q 0 0 0 rg BT 405.91 115.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 447.01 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.23 115.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 483.12 115.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 515.91 115.25 Td (through ) Tj ET Q q 0 0 0 rg BT 549.80 115.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 90.70 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.97 103.25 Td (management ) Tj ET Q q 0 0 0 rg BT 156.00 103.25 Td (layers ) Tj ET Q q 0 0 0 rg BT 182.81 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.19 103.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 253.67 103.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 282.71 103.25 Td (services ) Tj ET Q q 0 0 0 rg BT 317.85 103.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 358.01 103.25 Td (including ) Tj ET Q q 0 0 0 rg BT 398.72 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.44 103.25 Td (finance, ) Tj ET Q q 0 0 0 rg BT 444.30 103.25 Td (information ) Tj ET Q q 0 0 0 rg BT 494.45 103.25 Td (technology) Tj ET Q q 0 0 0 rg BT 538.23 103.25 Td (, ) Tj ET Q q 0 0 0 rg BT 543.67 103.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.60 91.25 Td (procurement, ) Tj ET Q q 0 0 0 rg BT 129.13 91.25 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 191.89 91.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 218.27 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.21 91.25 Td (human ) Tj ET Q q 0 0 0 rg BT 264.92 91.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 305.18 91.25 Td (functions. ) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.50 30.40 Td (1) Tj ET Q q 0 0 0 rg BT 204.95 30.40 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 209.95 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.28 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 74.27 742.25 Td (onmental Matters) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Impact of Legislation and Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 99.72 709.25 Td (with ) Tj ET Q q 0 0 0 rg BT 118.90 709.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 178.06 709.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 197.79 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.63 709.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 259.46 709.25 Td (is ) Tj ET Q q 0 0 0 rg BT 267.53 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.37 709.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 316.98 709.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 341.70 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.88 709.25 Td (our ) Tj ET Q q 0 0 0 rg BT 365.61 709.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 411.16 709.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 428.12 709.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 471.74 709.25 Td (are ) Tj ET Q q 0 0 0 rg BT 485.35 709.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 515.07 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 709.25 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (local, ) Tj ET Q q 0 0 0 rg BT 74.15 697.25 Td (state ) Tj ET Q q 0 0 0 rg BT 94.70 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.35 697.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 141.33 697.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 201.31 697.25 Td (protection, ) Tj ET Q q 0 0 0 rg BT 246.57 697.25 Td (health, ) Tj ET Q q 0 0 0 rg BT 275.72 697.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 301.82 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.47 697.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 376.24 697.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 396.78 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.44 697.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 460.10 697.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 492.86 697.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 505.35 697.25 Td (among ) Tj ET Q q 0 0 0 rg BT 534.79 697.25 Td (others:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 676.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 676.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 160.33 676.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 222.26 676.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 265.31 676.25 Td (Agency ) Tj ET Q q 0 0 0 rg BT 298.91 676.25 Td (\(EP) Tj ET Q q 0 0 0 rg BT 317.43 676.25 Td (A\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 661.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 661.25 Td (Remediation ) Tj ET Q q 0 0 0 rg BT 181.05 661.25 Td (under ) Tj ET Q q 0 0 0 rg BT 211.77 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.94 661.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 302.65 661.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 370.03 661.25 Td (Response, ) Tj ET Q q 0 0 0 rg BT 418.81 661.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 484.54 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.93 661.25 Td (Liability ) Tj ET Q q 0 0 0 rg BT 547.56 661.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 649.25 Td (\(CERCLA\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 634.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 634.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 168.74 634.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 180.68 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.51 634.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 230.66 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.60 634.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 289.55 634.25 Td (into ) Tj ET Q q 0 0 0 rg BT 307.61 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.32 634.25 Td (air;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 619.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 619.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 619.25 Td (prevention ) Tj ET Q q 0 0 0 rg BT 185.31 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.25 619.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 252.51 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.34 619.25 Td (soil ) Tj ET Q q 0 0 0 rg BT 280.29 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.22 619.25 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 350.26 619.25 Td (contamination;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 604.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 604.25 Td (management ) Tj ET Q q 0 0 0 rg BT 193.64 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.57 604.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 250.83 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.66 604.25 Td (wastewater ) Tj ET Q q 0 0 0 rg BT 309.14 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.08 604.25 Td (storm ) Tj ET Q q 0 0 0 rg BT 351.36 604.25 Td (water;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 589.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 151.72 589.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 183.65 589.25 Td (change;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 574.25 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 182.81 574.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 220.30 574.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 248.35 574.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 283.63 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.46 574.25 Td (solid ) Tj ET Q q 0 0 0 rg BT 316.40 574.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 341.67 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.61 574.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 401.65 574.25 Td (waste; ) Tj ET Q q 0 0 0 rg BT 429.70 574.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 559.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 559.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 183.09 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.92 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.75 559.25 Td (employees) Tj ET Q q 0 0 0 rg BT 255.10 559.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.60 559.25 Td (health ) Tj ET Q q 0 0 0 rg BT 284.53 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.47 559.25 Td (safety) Tj ET Q q 0 0 0 rg BT 324.70 559.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.52 538.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 136.91 538.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 157.88 538.25 Td (regulate, ) Tj ET Q q 0 0 0 rg BT 195.22 538.25 Td (among ) Tj ET Q q 0 0 0 rg BT 225.08 538.25 Td (other ) Tj ET Q q 0 0 0 rg BT 248.27 538.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 277.85 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.71 538.25 Td (release ) Tj ET Q q 0 0 0 rg BT 323.10 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.18 538.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 368.88 538.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 380.95 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.92 538.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 435.10 538.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 474.39 538.25 Td (into ) Tj ET Q q 0 0 0 rg BT 492.59 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.44 538.25 Td (air) Tj ET Q q 0 0 0 rg BT 517.59 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 522.73 538.25 Td (water ) Tj ET Q q 0 0 0 rg BT 547.57 538.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (ground; ) Tj ET Q q 0 0 0 rg BT 83.29 526.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 121.57 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.53 526.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 174.25 526.25 Td (materials; ) Tj ET Q q 0 0 0 rg BT 215.86 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.48 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.88 526.25 Td (identification, ) Tj ET Q q 0 0 0 rg BT 304.88 526.25 Td (storage, ) Tj ET Q q 0 0 0 rg BT 338.43 526.25 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 380.87 526.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 418.05 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.67 526.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 469.63 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.14 526.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 522.86 526.25 Td (materials. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 112.41 514.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 157.06 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.48 514.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 221.89 514.25 Td (have ) Tj ET Q q 0 0 0 rg BT 243.75 514.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 280.05 514.25 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 311.36 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.12 514.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 349.53 514.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 376.11 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.54 514.25 Td (it ) Tj ET Q q 0 0 0 rg BT 402.08 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 411.73 514.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 437.49 514.25 Td (that ) Tj ET Q q 0 0 0 rg BT 455.46 514.25 Td (we ) Tj ET Q q 0 0 0 rg BT 470.11 514.25 Td (will ) Tj ET Q q 0 0 0 rg BT 488.65 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 501.07 514.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 532.38 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.14 514.25 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (more ) Tj ET Q q 0 0 0 rg BT 73.05 502.25 Td (stringent ) Tj ET Q q 0 0 0 rg BT 110.54 502.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 170.80 502.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 211.07 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.35 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.06 502.25 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (Concern ) Tj ET Q q 0 0 0 rg BT 85.97 481.25 Td (over ) Tj ET Q q 0 0 0 rg BT 105.83 481.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 137.36 481.25 Td (change, ) Tj ET Q q 0 0 0 rg BT 170.27 481.25 Td (including ) Tj ET Q q 0 0 0 rg BT 210.14 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.45 481.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 253.75 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.18 481.25 Td (global ) Tj ET Q q 0 0 0 rg BT 291.27 481.25 Td (warming, ) Tj ET Q q 0 0 0 rg BT 331.41 481.25 Td (has ) Tj ET Q q 0 0 0 rg BT 346.84 481.25 Td (led ) Tj ET Q q 0 0 0 rg BT 361.15 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.02 481.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 415.33 481.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 435.21 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.74 481.25 Td (international ) Tj ET Q q 0 0 0 rg BT 504.37 481.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 547.56 481.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (legislative ) Tj ET Q q 0 0 0 rg BT 92.40 469.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 133.14 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.22 469.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 162.41 469.25 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 209.25 469.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.88 469.25 Td (\(GHG\) ) Tj ET Q q 0 0 0 rg BT 262.38 469.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 305.63 469.25 Td (In ) Tj ET Q q 0 0 0 rg BT 315.26 469.25 Td (2007, ) Tj ET Q q 0 0 0 rg BT 339.06 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.57 469.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 371.66 469.25 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 408.51 469.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 432.58 469.25 Td (ruled ) Tj ET Q q 0 0 0 rg BT 454.43 469.25 Td (that ) Tj ET Q q 0 0 0 rg BT 470.73 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.24 469.25 Td (EP) Tj ET Q q 0 0 0 rg BT 495.00 469.25 Td (A) Tj ET Q q 0 0 0 rg BT 501.67 469.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.97 469.25 Td (was ) Tj ET Q q 0 0 0 rg BT 519.82 469.25 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.23 457.25 Td (regulate ) Tj ET Q q 0 0 0 rg BT 94.89 457.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 124.55 457.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 157.00 457.25 Td (under ) Tj ET Q q 0 0 0 rg BT 182.23 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.90 457.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 217.14 457.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 242.38 457.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 257.62 457.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 276.47 457.25 Td (As ) Tj ET Q q 0 0 0 rg BT 290.04 457.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.93 457.25 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 352.97 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.64 457.25 Td (EP) Tj ET Q q 0 0 0 rg BT 378.39 457.25 Td (A) Tj ET Q q 0 0 0 rg BT 385.06 457.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.52 457.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 422.74 457.25 Td (a ) Tj ET Q q 0 0 0 rg BT 429.64 457.25 Td (series ) Tj ET Q q 0 0 0 rg BT 454.86 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.65 457.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 509.19 457.25 Td (ef) Tj ET Q q 0 0 0 rg BT 516.78 457.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 537.57 457.25 Td (aimed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (at ) Tj ET Q q 0 0 0 rg BT 61.33 445.25 Td (addressing ) Tj ET Q q 0 0 0 rg BT 108.22 445.25 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 157.88 445.25 Td (gases ) Tj ET Q q 0 0 0 rg BT 183.66 445.25 Td (as ) Tj ET Q q 0 0 0 rg BT 196.10 445.25 Td (pollutants, ) Tj ET Q q 0 0 0 rg BT 242.17 445.25 Td (including ) Tj ET Q q 0 0 0 rg BT 284.06 445.25 Td (finding ) Tj ET Q q 0 0 0 rg BT 317.06 445.25 Td (that ) Tj ET Q q 0 0 0 rg BT 336.17 445.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 361.96 445.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 405.52 445.25 Td (endanger ) Tj ET Q q 0 0 0 rg BT 446.29 445.25 Td (public ) Tj ET Q q 0 0 0 rg BT 475.40 445.25 Td (health, ) Tj ET Q q 0 0 0 rg BT 506.45 445.25 Td (implementing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 94.74 433.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 118.38 433.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 155.91 433.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 194.54 433.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 251.21 433.25 Td (setting ) Tj ET Q q 0 0 0 rg BT 279.85 433.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 309.03 433.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 346.56 433.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 386.31 433.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.94 433.25 Td (light-duty ) Tj ET Q q 0 0 0 rg BT 441.36 433.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 476.10 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.51 433.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 519.48 433.25 Td (other ) Tj ET Q q 0 0 0 rg BT 542.00 433.25 Td (steps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.77 421.25 Td (address ) Tj ET Q q 0 0 0 rg BT 91.76 421.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 115.42 421.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 159.37 421.25 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 206.35 421.25 Td (has ) Tj ET Q q 0 0 0 rg BT 221.68 421.25 Td (also ) Tj ET Q q 0 0 0 rg BT 239.78 421.25 Td (been ) Tj ET Q q 0 0 0 rg BT 260.66 421.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 299.31 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.09 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.30 421.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 343.08 421.25 Td (Congress ) Tj ET Q q 0 0 0 rg BT 382.30 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.07 421.25 Td (address ) Tj ET Q q 0 0 0 rg BT 424.06 421.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 447.72 421.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 489.16 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.60 421.25 Td (global ) Tj ET Q q 0 0 0 rg BT 532.59 421.25 Td (climate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (change, ) Tj ET Q q 0 0 0 rg BT 83.10 409.25 Td (including ) Tj ET Q q 0 0 0 rg BT 123.16 409.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 143.77 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.49 409.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 187.20 409.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 229.76 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.49 409.25 Td (some ) Tj ET Q q 0 0 0 rg BT 269.88 409.25 Td (form ) Tj ET Q q 0 0 0 rg BT 291.61 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.23 409.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 332.27 409.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 363.98 409.25 Td (change ) Tj ET Q q 0 0 0 rg BT 394.59 409.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 438.54 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 449.15 409.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 491.43 409.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 521.47 409.25 Td (regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.02 397.25 Td (possible. ) Tj ET Q q 0 0 0 rg BT 96.65 397.25 Td (In ) Tj ET Q q 0 0 0 rg BT 107.33 397.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 144.95 397.25 Td (we ) Tj ET Q q 0 0 0 rg BT 158.96 397.25 Td (are ) Tj ET Q q 0 0 0 rg BT 173.52 397.25 Td (required ) Tj ET Q q 0 0 0 rg BT 209.19 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.31 397.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 256.10 397.25 Td (report ) Tj ET Q q 0 0 0 rg BT 282.32 397.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 306.34 397.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 348.14 397.25 Td (from ) Tj ET Q q 0 0 0 rg BT 369.93 397.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.61 397.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 406.28 397.25 Td (mill ) Tj ET Q q 0 0 0 rg BT 424.75 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.87 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.44 397.25 Td (State ) Tj ET Q q 0 0 0 rg BT 471.79 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.47 397.25 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 514.81 397.25 Td (Department ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 385.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 121.97 385.25 Td (Quality ) Tj ET Q q 0 0 0 rg BT 154.07 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.62 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.94 385.25 Td (EP) Tj ET Q q 0 0 0 rg BT 195.70 385.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 207.06 385.25 Td (A) Tj ET Q q 0 0 0 rg BT 213.73 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.84 385.25 Td (number ) Tj ET Q q 0 0 0 rg BT 248.49 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.93 385.25 Td (other ) Tj ET Q q 0 0 0 rg BT 281.58 385.25 Td (states, ) Tj ET Q q 0 0 0 rg BT 308.40 385.25 Td (including ) Tj ET Q q 0 0 0 rg BT 348.29 385.25 Td (states ) Tj ET Q q 0 0 0 rg BT 372.61 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.49 385.25 Td (which ) Tj ET Q q 0 0 0 rg BT 409.04 385.25 Td (we ) Tj ET Q q 0 0 0 rg BT 422.81 385.25 Td (have ) Tj ET Q q 0 0 0 rg BT 443.79 385.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 487.55 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.10 385.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 543.13 385.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (considered, ) Tj ET Q q 0 0 0 rg BT 99.55 373.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.48 373.25 Td (considering ) Tj ET Q q 0 0 0 rg BT 165.87 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.93 373.25 Td (have ) Tj ET Q q 0 0 0 rg BT 200.54 373.25 Td (already ) Tj ET Q q 0 0 0 rg BT 233.69 373.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 267.95 373.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 313.34 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.85 373.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 360.24 373.25 Td (information ) Tj ET Q q 0 0 0 rg BT 411.18 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 423.24 373.25 Td (address ) Tj ET Q q 0 0 0 rg BT 456.96 373.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 490.12 373.25 Td (change ) Tj ET Q q 0 0 0 rg BT 522.17 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 540.34 373.25 Td (GHG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 94.45 361.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.28 361.25 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 90.20 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 105.95 340.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 145.01 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 154.10 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.30 340.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 201.71 340.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 250.22 340.25 Td (with ) Tj ET Q q 0 0 0 rg BT 270.41 340.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 313.92 340.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 374.10 340.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 423.45 340.25 Td (we ) Tj ET Q q 0 0 0 rg BT 437.53 340.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 461.32 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 471.52 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.15 340.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 507.18 340.25 Td (been ) Tj ET Q q 0 0 0 rg BT 528.48 340.25 Td (found ) Tj ET Q q 0 0 0 rg BT 554.23 340.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.00 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 75.35 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 84.69 328.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 132.35 328.25 Td (with ) Tj ET Q q 0 0 0 rg BT 151.69 328.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 180.46 328.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 239.79 328.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 259.68 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.69 328.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 321.69 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.69 328.25 Td (have ) Tj ET Q q 0 0 0 rg BT 358.14 328.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 393.02 328.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 434.30 328.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 489.46 328.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 510.47 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.47 328.25 Td (penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.94 316.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.57 316.25 Td (such ) Tj ET Q q 0 0 0 rg BT 135.75 316.25 Td (violations. ) Tj ET Q q 0 0 0 rg BT 180.54 316.25 Td (In ) Tj ET Q q 0 0 0 rg BT 191.72 316.25 Td (December ) Tj ET Q q 0 0 0 rg BT 235.65 316.25 Td (2000, ) Tj ET Q q 0 0 0 rg BT 261.00 316.25 Td (we ) Tj ET Q q 0 0 0 rg BT 275.50 316.25 Td (were ) Tj ET Q q 0 0 0 rg BT 297.78 316.25 Td (notified ) Tj ET Q q 0 0 0 rg BT 331.73 316.25 Td (by ) Tj ET Q q 0 0 0 rg BT 344.58 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.65 316.25 Td (EP) Tj ET Q q 0 0 0 rg BT 370.40 316.25 Td (A) Tj ET Q q 0 0 0 rg BT 377.07 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.92 316.25 Td (that ) Tj ET Q q 0 0 0 rg BT 397.76 316.25 Td (we ) Tj ET Q q 0 0 0 rg BT 412.27 316.25 Td (are ) Tj ET Q q 0 0 0 rg BT 427.32 316.25 Td (one ) Tj ET Q q 0 0 0 rg BT 444.61 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.79 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.85 316.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.47 316.25 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 78.85 304.25 Td (that ) Tj ET Q q 0 0 0 rg BT 96.04 304.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 119.35 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 129.87 304.25 Td (operates, ) Tj ET Q q 0 0 0 rg BT 167.88 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 178.40 304.25 Td (formerly ) Tj ET Q q 0 0 0 rg BT 215.58 304.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 244.44 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 254.96 304.25 Td (operated, ) Tj ET Q q 0 0 0 rg BT 294.08 304.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 314.05 304.25 Td (which ) Tj ET Q q 0 0 0 rg BT 340.68 304.25 Td (are ) Tj ET Q q 0 0 0 rg BT 355.08 304.25 Td (part ) Tj ET Q q 0 0 0 rg BT 372.82 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.35 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.87 304.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 429.38 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.35 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.76 304.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 489.84 304.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 520.35 304.25 Td (Superfund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (site ) Tj ET Q q 0 0 0 rg BT 65.49 292.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 83.18 292.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 126.45 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.83 292.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 155.77 292.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 186.81 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.18 292.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 213.89 292.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 221.32 292.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 241.25 292.25 Td (1A) Tj ET Q q 0 0 0 rg BT 252.92 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 254.51 292.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.55 292.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 291.59 292.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.59 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 298.19 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.79 292.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 363.06 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.09 292.25 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 437.91 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.28 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.10 292.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 486.03 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.41 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.22 292.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.96 280.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 138.60 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.13 280.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 169.99 280.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 182.91 280.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 212.48 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.57 280.25 Td (this ) Tj ET Q q 0 0 0 rg BT 242.77 280.25 Td (report\). ) Tj ET Q q 0 0 0 rg BT 276.23 280.25 Td (In ) Tj ET Q q 0 0 0 rg BT 288.31 280.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.72 280.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.72 280.25 Td (, ) Tj ET Q q 0 0 0 rg BT 339.97 280.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.38 280.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 425.22 280.25 Td (related ) Tj ET Q q 0 0 0 rg BT 456.18 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.71 280.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 504.24 280.25 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 97.71 268.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.76 268.25 Td ($14 ) Tj ET Q q 0 0 0 rg BT 135.38 268.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.27 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.39 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.45 268.25 Td (we ) Tj ET Q q 0 0 0 rg BT 197.73 268.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 225.45 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.85 268.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 259.80 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.20 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.04 268.25 Td (range ) Tj ET Q q 0 0 0 rg BT 306.87 268.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.82 268.25 Td ($19 ) Tj ET Q q 0 0 0 rg BT 333.44 268.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.33 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 363.95 268.25 Td (on ) Tj ET Q q 0 0 0 rg BT 375.57 268.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 403.84 268.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 456.56 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 469.84 268.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 504.24 268.25 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.59 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.87 256.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.02 256.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.02 256.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (Indirect Consequences of Future Legislation and Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.57 220.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 131.37 220.25 Td (regardingclimate ) Tj ET Q q 0 0 0 rg BT 202.88 220.25 Td (change ) Tj ET Q q 0 0 0 rg BT 232.46 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.16 220.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 271.08 220.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 311.79 220.25 Td (could ) Tj ET Q q 0 0 0 rg BT 335.27 220.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 365.42 220.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 408.90 220.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 430.16 220.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.42 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.01 220.25 Td (business ) Tj ET Q q 0 0 0 rg BT 491.17 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.87 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.46 220.25 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 208.25 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 107.83 208.25 Td (including ) Tj ET Q q 0 0 0 rg BT 148.00 208.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 188.14 208.25 Td (ener) Tj ET Q q 0 0 0 rg BT 205.17 208.25 Td (gy) Tj ET Q q 0 0 0 rg BT 214.52 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.41 208.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 248.45 208.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 295.55 208.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 355.71 208.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 402.54 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.37 208.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 458.42 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 208.25 Td (other ) Tj ET Q q 0 0 0 rg BT 498.19 208.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 520.58 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.75 208.25 Td (order ) Tj ET Q q 0 0 0 rg BT 554.24 208.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 82.20 196.25 Td (with ) Tj ET Q q 0 0 0 rg BT 102.18 196.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 148.82 196.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 195.45 196.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 227.08 196.25 Td (change ) Tj ET Q q 0 0 0 rg BT 257.60 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.25 196.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 298.12 196.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 342.11 196.25 Td (The ) Tj ET Q q 0 0 0 rg BT 359.86 196.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 397.06 196.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.26 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.79 196.25 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 478.92 196.25 Td (of) Tj ET Q q 0 0 0 rg BT 487.07 196.25 Td (fsets ) Tj ET Q q 0 0 0 rg BT 507.61 196.25 Td (or ) Tj ET Q q 0 0 0 rg BT 518.14 196.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 547.00 196.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.40 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 83.03 184.25 Td (part ) Tj ET Q q 0 0 0 rg BT 101.76 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.28 184.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 134.78 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.40 184.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 180.01 184.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 220.97 184.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.48 184.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 263.44 184.25 Td (future ) Tj ET Q q 0 0 0 rg BT 290.51 184.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 334.79 184.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 375.18 184.25 Td (are ) Tj ET Q q 0 0 0 rg BT 390.57 184.25 Td (still ) Tj ET Q q 0 0 0 rg BT 408.76 184.25 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 450.95 184.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 471.35 184.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 506.20 184.25 Td (futureclimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (change ) Tj ET Q q 0 0 0 rg BT 81.92 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.97 172.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 125.24 172.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 173.28 172.25 Td (could ) Tj ET Q q 0 0 0 rg BT 199.10 172.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 244.36 172.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 275.17 172.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.11 172.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 321.27 172.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 342.64 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 361.24 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.18 172.25 Td (our ) Tj ET Q q 0 0 0 rg BT 390.11 172.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 434.27 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.31 172.25 Td (suppliers\) ) Tj ET Q q 0 0 0 rg BT 495.36 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.74 172.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 544.22 172.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.31 160.25 Td (situated ) Tj ET Q q 0 0 0 rg BT 128.96 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.29 160.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 162.37 160.25 Td (not ) Tj ET Q q 0 0 0 rg BT 177.70 160.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 208.57 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.90 160.25 Td (such ) Tj ET Q q 0 0 0 rg BT 239.78 160.25 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 287.60 160.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 342.64 160.25 Td (even ) Tj ET Q q 0 0 0 rg BT 364.06 160.25 Td (without ) Tj ET Q q 0 0 0 rg BT 397.17 160.25 Td (such ) Tj ET Q q 0 0 0 rg BT 418.04 160.25 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 463.63 160.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.94 160.25 Td (awareness ) Tj ET Q q 0 0 0 rg BT 547.57 160.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (any ) Tj ET Q q 0 0 0 rg BT 68.82 148.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 103.73 148.25 Td (publicity ) Tj ET Q q 0 0 0 rg BT 143.66 148.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.82 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.42 148.25 Td (global ) Tj ET Q q 0 0 0 rg BT 201.79 148.25 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 255.03 148.25 Td (about ) Tj ET Q q 0 0 0 rg BT 281.62 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.22 148.25 Td (GHGs ) Tj ET Q q 0 0 0 rg BT 328.15 148.25 Td (emitted ) Tj ET Q q 0 0 0 rg BT 362.52 148.25 Td (by ) Tj ET Q q 0 0 0 rg BT 376.90 148.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 424.04 148.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.20 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.80 148.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 483.28 148.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 524.86 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.68 148.25 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 110.81 136.25 Td (industries ) Tj ET Q q 0 0 0 rg BT 152.20 136.25 Td (could ) Tj ET Q q 0 0 0 rg BT 176.91 136.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 199.96 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 215.79 136.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 258.83 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.77 136.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 304.92 136.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 344.07 136.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 378.23 136.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.39 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.22 136.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 74.94 115.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 119.87 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.58 115.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 181.40 115.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.34 115.25 Td (also ) Tj ET Q q 0 0 0 rg BT 210.72 115.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 249.53 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.58 115.25 Td (have ) Tj ET Q q 0 0 0 rg BT 282.73 115.25 Td (an ) Tj ET Q q 0 0 0 rg BT 295.44 115.25 Td (ef) Tj ET Q q 0 0 0 rg BT 303.03 115.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 321.29 115.25 Td (on ) Tj ET Q q 0 0 0 rg BT 334.56 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.05 115.25 Td (price ) Tj ET Q q 0 0 0 rg BT 373.31 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.91 115.25 Td (electricity) Tj ET Q q 0 0 0 rg BT 424.24 115.25 Td (, ) Tj ET Q q 0 0 0 rg BT 430.01 115.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 473.26 115.25 Td (when ) Tj ET Q q 0 0 0 rg BT 498.20 115.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 540.33 115.25 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (carbon-based ) Tj ET Q q 0 0 0 rg BT 106.23 103.25 Td (fuels. ) Tj ET Q q 0 0 0 rg BT 131.08 103.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 156.22 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.36 103.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 214.25 103.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 243.84 103.25 Td (for ) Tj ET Q q 0 0 0 rg BT 258.42 103.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 282.47 103.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 318.71 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.07 103.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 371.20 103.25 Td (element ) Tj ET Q q 0 0 0 rg BT 405.77 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.02 103.25 Td (hydro-generated ) Tj ET Q q 0 0 0 rg BT 485.46 103.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 534.21 103.25 Td (SMB) Tj ET Q q 0 0 0 rg BT 558.11 103.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 91.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 79.02 91.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 101.02 91.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.22 91.25 Td (less ) Tj ET Q q 0 0 0 rg BT 132.21 91.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 156.98 91.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.75 91.25 Td (be ) Tj ET Q q 0 0 0 rg BT 178.19 91.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 216.83 91.25 Td (than ) Tj ET Q q 0 0 0 rg BT 236.04 91.25 Td (those ) Tj ET Q q 0 0 0 rg BT 259.15 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.47 91.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 318.68 91.25 Td (using ) Tj ET Q q 0 0 0 rg BT 342.34 91.25 Td (electricity ) Tj ET Q q 0 0 0 rg BT 384.31 91.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 425.17 91.25 Td (by ) Tj ET Q q 0 0 0 rg BT 437.16 91.25 Td (carbon-based ) Tj ET Q q 0 0 0 rg BT 492.46 91.25 Td (fuels. ) Tj ET Q q 0 0 0 rg BT 516.40 91.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.72 91.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 84.30 79.25 Td (for ) Tj ET Q q 0 0 0 rg BT 98.60 79.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 122.35 79.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 147.20 79.25 Td (may ) Tj ET Q q 0 0 0 rg BT 167.06 79.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.46 79.25 Td (as ) Tj ET Q q 0 0 0 rg BT 213.44 79.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.52 79.25 Td (result ) Tj ET Q q 0 0 0 rg BT 245.38 79.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.35 79.25 Td (mills ) Tj ET Q q 0 0 0 rg BT 279.00 79.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.42 79.25 Td (blast ) Tj ET Q q 0 0 0 rg BT 320.95 79.25 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 357.47 79.25 Td (seeking ) Tj ET Q q 0 0 0 rg BT 390.66 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.08 79.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 443.15 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.01 79.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 481.76 79.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 506.61 79.25 Td (component ) Tj ET Q q 0 0 0 rg BT 553.69 79.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 67.49 67.25 Td (material ) Tj ET Q q 0 0 0 rg BT 102.75 67.25 Td (infeed, ) Tj ET Q q 0 0 0 rg BT 132.73 67.25 Td (as ) Tj ET Q q 0 0 0 rg BT 143.56 67.25 Td (melting ) Tj ET Q q 0 0 0 rg BT 176.62 67.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 200.21 67.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 224.93 67.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 261.31 67.25 Td (less ) Tj ET Q q 0 0 0 rg BT 278.81 67.25 Td (ener) Tj ET Q q 0 0 0 rg BT 295.84 67.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 308.34 67.25 Td (than ) Tj ET Q q 0 0 0 rg BT 328.06 67.25 Td (is ) Tj ET Q q 0 0 0 rg BT 337.23 67.25 Td (required ) Tj ET Q q 0 0 0 rg BT 373.04 67.25 Td (for ) Tj ET Q q 0 0 0 rg BT 387.20 67.25 Td (melting ) Tj ET Q q 0 0 0 rg BT 420.25 67.25 Td (iron ) Tj ET Q q 0 0 0 rg BT 438.86 67.25 Td (ore.) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (12) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.17 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.33 742.10 Td (use ) Tj ET Q q 0 0 0 rg BT 103.61 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.89 742.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 149.70 742.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 167.75 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.14 742.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 204.41 742.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 234.69 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.97 742.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 263.02 742.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 277.74 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.47 742.10 Td (make ) Tj ET Q q 0 0 0 rg BT 311.07 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 329.68 742.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 349.95 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 378.01 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.73 742.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 419.68 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.41 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.57 742.10 Td (consumption ) Tj ET Q q 0 0 0 rg BT 497.19 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.47 742.10 Td (ener) Tj ET Q q 0 0 0 rg BT 524.49 742.10 Td (gy) Tj ET Q q 0 0 0 rg BT 533.84 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.29 742.10 Td (vir) Tj ET Q q 0 0 0 rg BT 549.22 742.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 88.94 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.67 730.10 Td (water ) Tj ET Q q 0 0 0 rg BT 130.16 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.89 730.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 179.72 730.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 210.34 730.10 Td (wastes, ) Tj ET Q q 0 0 0 rg BT 241.79 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 255.74 730.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 286.90 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.52 730.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 338.67 730.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 363.17 730.10 Td (products ) Tj ET Q q 0 0 0 rg BT 399.90 730.10 Td (position ) Tj ET Q q 0 0 0 rg BT 434.42 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 445.60 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.66 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 467.39 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 490.23 730.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 539.72 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.04 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 89.86 718.10 Td (business ) Tj ET Q q 0 0 0 rg BT 125.91 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.51 718.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 192.43 718.10 Td (wishing ) Tj ET Q q 0 0 0 rg BT 226.26 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.20 718.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 265.00 718.10 Td (their ) Tj ET Q q 0 0 0 rg BT 285.49 718.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 314.85 718.10 Td (footprint ) Tj ET Q q 0 0 0 rg BT 352.01 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.61 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 397.98 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.14 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.51 718.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 479.72 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 490.21 718.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 527.64 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 543.13 718.10 Td (EAF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 90.25 706.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 142.74 706.10 Td (less ) Tj ET Q q 0 0 0 rg BT 160.24 706.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 184.41 706.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 226.36 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 246.07 706.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 289.67 706.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 311.06 706.10 Td (furnaces.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (Physical Impacts of Climate Change on Our Costs and Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (There ) Tj ET Q q 0 0 0 rg BT 74.98 670.10 Td (has ) Tj ET Q q 0 0 0 rg BT 89.98 670.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.52 670.10 Td (public ) Tj ET Q q 0 0 0 rg BT 137.18 670.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 180.51 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.17 670.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 228.27 670.10 Td (change ) Tj ET Q q 0 0 0 rg BT 258.25 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.13 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.23 670.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 330.99 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 350.43 670.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 374.88 670.10 Td (sea ) Tj ET Q q 0 0 0 rg BT 389.31 670.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 414.30 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.30 670.10 Td (well ) Tj ET Q q 0 0 0 rg BT 443.18 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.17 670.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 487.04 670.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 520.35 670.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.60 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.19 658.10 Td (more ) Tj ET Q q 0 0 0 rg BT 104.01 658.10 Td (intense ) Tj ET Q q 0 0 0 rg BT 134.60 658.10 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 181.01 658.10 Td (thunderstorms, ) Tj ET Q q 0 0 0 rg BT 243.00 658.10 Td (tornadoes ) Tj ET Q q 0 0 0 rg BT 284.14 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.85 658.10 Td (snow ) Tj ET Q q 0 0 0 rg BT 324.23 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.82 658.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 348.75 658.10 Td (storms. ) Tj ET Q q 0 0 0 rg BT 380.18 658.10 Td (Extreme ) Tj ET Q q 0 0 0 rg BT 416.32 658.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 450.24 658.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 494.17 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 513.65 658.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 548.67 658.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.24 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.82 646.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 107.27 646.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 140.60 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.62 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.20 646.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 205.37 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.05 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 238.73 646.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 272.07 646.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 309.30 646.10 Td (from ) Tj ET Q q 0 0 0 rg BT 330.98 646.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 365.43 646.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 399.32 646.10 Td (may ) Tj ET Q q 0 0 0 rg BT 418.78 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 433.80 646.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.48 646.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 466.61 646.10 Td (insured. ) Tj ET Q q 0 0 0 rg BT 500.29 646.10 Td (As ) Tj ET Q q 0 0 0 rg BT 513.65 646.10 Td (many ) Tj ET Q q 0 0 0 rg BT 538.11 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 646.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 89.48 634.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 126.19 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.68 634.10 Td (located ) Tj ET Q q 0 0 0 rg BT 171.83 634.10 Td (near ) Tj ET Q q 0 0 0 rg BT 191.32 634.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 212.48 634.10 Td (water ) Tj ET Q q 0 0 0 rg BT 236.96 634.10 Td (ports, ) Tj ET Q q 0 0 0 rg BT 261.74 634.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 314.01 634.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 339.07 634.10 Td (sea ) Tj ET Q q 0 0 0 rg BT 354.12 634.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 379.73 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 399.22 634.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 429.28 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.89 634.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 472.72 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.78 634.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 513.93 634.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 537.30 634.10 Td (metal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (process ) Tj ET Q q 0 0 0 rg BT 83.30 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.83 622.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 123.24 622.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 148.77 622.10 Td (through ) Tj ET Q q 0 0 0 rg BT 183.19 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.83 622.10 Td (mega-shredders ) Tj ET Q q 0 0 0 rg BT 266.45 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.20 622.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 304.19 622.10 Td (product ) Tj ET Q q 0 0 0 rg BT 338.05 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.14 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.78 622.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 412.14 622.10 Td (Periods ) Tj ET Q q 0 0 0 rg BT 445.45 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.10 622.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 496.50 622.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 530.35 622.10 Td (weather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 93.82 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 113.19 610.10 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 141.46 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.83 610.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 184.65 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.13 610.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 218.38 610.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 242.75 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.21 610.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 277.14 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.73 610.10 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 319.51 610.10 Td (In ) Tj ET Q q 0 0 0 rg BT 329.99 610.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 367.42 610.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 406.79 610.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 438.38 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.87 610.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 488.77 610.10 Td (temperature ) Tj ET Q q 0 0 0 rg BT 538.68 610.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.81 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.06 598.10 Td (summer ) Tj ET Q q 0 0 0 rg BT 111.32 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.13 598.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 145.70 598.10 Td (where ) Tj ET Q q 0 0 0 rg BT 173.16 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.53 598.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 213.11 598.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 233.36 598.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 255.83 598.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.52 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.76 598.10 Td (located ) Tj ET Q q 0 0 0 rg BT 347.67 598.10 Td (could ) Tj ET Q q 0 0 0 rg BT 372.92 598.10 Td (result ) Tj ET Q q 0 0 0 rg BT 398.17 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.98 598.10 Td (less ) Tj ET Q q 0 0 0 rg BT 427.02 598.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 466.71 598.10 Td (traf) Tj ET Q q 0 0 0 rg BT 480.41 598.10 Td (fic, ) Tj ET Q q 0 0 0 rg BT 496.49 598.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 516.19 598.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 554.22 598.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 84.15 586.10 Td (admissions ) Tj ET Q q 0 0 0 rg BT 131.09 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.03 586.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 169.97 586.10 Td (sales.) 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) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.90 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.02 290.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 146.45 290.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 191.56 290.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 233.33 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.01 290.10 Td (this ) Tj ET Q q 0 0 0 rg BT 260.72 290.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 293.06 290.10 Td (Report. ) Tj ET Q q 0 0 0 rg BT 325.67 290.10 Td (See ) Tj ET Q q 0 0 0 rg BT 343.01 290.10 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 421.45 290.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 472.67 290.10 Td (that ) Tj ET Q q 0 0 0 rg BT 490.56 290.10 Td (precedes ) Tj ET Q q 0 0 0 rg BT 528.44 290.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 547.45 290.10 Td (I ) Tj ET Q q 0 0 0 rg BT 553.68 290.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.71 278.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 94.84 278.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 139.88 278.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 161.02 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.72 278.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 231.07 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 248.32 278.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.24 278.10 Td (are ) Tj ET Q q 0 0 0 rg BT 276.71 278.10 Td (unaware ) Tj ET Q q 0 0 0 rg BT 312.83 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.42 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.01 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.26 278.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.18 278.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 403.53 278.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 427.45 278.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 473.02 278.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.49 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.53 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.01 278.10 Td (future ) Tj ET Q q 0 0 0 rg BT 543.14 278.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 266.10 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 266.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 125.23 266.10 Td (ef) Tj ET Q q 0 0 0 rg BT 132.82 266.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 150.31 266.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.81 266.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.64 266.10 Td (results ) Tj ET Q q 0 0 0 rg BT 207.25 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.08 266.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 264.73 266.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.21 266.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 342.49 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.42 266.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 379.69 266.10 Td (flows.) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (13) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.70 742.25 Td ( Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 89.18 724.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 111.15 724.25 Td (related ) Tj ET Q q 0 0 0 rg BT 141.43 724.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.17 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.91 724.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 227.88 724.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 262.62 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.91 724.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 310.99 724.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 343.52 724.25 Td (may ) Tj ET Q q 0 0 0 rg BT 362.69 724.25 Td (be ) Tj ET Q q 0 0 0 rg BT 374.09 724.25 Td (material ) Tj ET Q q 0 0 0 rg BT 410.50 724.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.24 724.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.66 724.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.84 724.25 Td (position ) Tj ET Q q 0 0 0 rg BT 510.59 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.12 724.25 Td (liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.05 709.25 Td (December ) Tj ET Q q 0 0 0 rg BT 104.86 709.25 Td (2000, ) Tj ET Q q 0 0 0 rg BT 130.08 709.25 Td (we ) Tj ET Q q 0 0 0 rg BT 144.46 709.25 Td (were ) Tj ET Q q 0 0 0 rg BT 166.61 709.25 Td (notified ) Tj ET Q q 0 0 0 rg BT 200.44 709.25 Td (by ) Tj ET Q q 0 0 0 rg BT 213.16 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.10 709.25 Td (EP) Tj ET Q q 0 0 0 rg BT 238.85 709.25 Td (A) Tj ET Q q 0 0 0 rg BT 245.52 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.24 709.25 Td (under ) Tj ET Q q 0 0 0 rg BT 273.74 709.25 Td (CERCLA) Tj ET Q q 0 0 0 rg BT 312.63 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.35 709.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.07 709.25 Td (we ) Tj ET Q q 0 0 0 rg BT 347.45 709.25 Td (are ) Tj ET Q q 0 0 0 rg BT 362.38 709.25 Td (one ) Tj ET Q q 0 0 0 rg BT 379.54 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.60 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.53 709.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 451.03 709.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 499.29 709.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 528.67 709.25 Td (\(PRP\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.19 697.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 90.50 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 101.02 697.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 136.53 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.06 697.25 Td (formerly ) Tj ET Q q 0 0 0 rg BT 184.24 697.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 213.09 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 223.62 697.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 260.24 697.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 280.21 697.25 Td (which ) Tj ET Q q 0 0 0 rg BT 306.84 697.25 Td (are ) Tj ET Q q 0 0 0 rg BT 321.25 697.25 Td (part ) Tj ET Q q 0 0 0 rg BT 338.99 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.51 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.04 697.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 395.54 697.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.52 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.93 697.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 456.01 697.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 486.52 697.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 530.38 697.25 Td (site ) Tj ET Q q 0 0 0 rg BT 546.46 697.25 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (Site\). ) Tj ET Q q 0 0 0 rg BT 82.97 685.25 Td (The ) Tj ET Q q 0 0 0 rg BT 101.43 685.25 Td (precise ) Tj ET Q q 0 0 0 rg BT 132.67 685.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 160.57 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.93 685.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 205.28 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.52 685.25 Td (any ) Tj ET Q q 0 0 0 rg BT 233.88 685.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 267.89 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.14 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.27 685.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 315.25 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.38 685.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 359.96 685.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.65 685.25 Td (be ) Tj ET Q q 0 0 0 rg BT 383.01 685.25 Td (involved, ) Tj ET Q q 0 0 0 rg BT 423.42 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 438.55 685.25 Td (process ) Tj ET Q q 0 0 0 rg BT 471.46 685.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.16 685.25 Td (be ) Tj ET Q q 0 0 0 rg BT 494.51 685.25 Td (followed ) Tj ET Q q 0 0 0 rg BT 532.98 685.25 Td (for ) Tj ET Q q 0 0 0 rg BT 547.56 685.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 83.72 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.78 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.62 673.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 157.67 673.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.63 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.47 673.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 206.09 673.25 Td (for ) Tj ET Q q 0 0 0 rg BT 220.37 673.25 Td (any ) Tj ET Q q 0 0 0 rg BT 237.44 673.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 271.15 673.25 Td (among ) Tj ET Q q 0 0 0 rg BT 300.99 673.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 349.16 673.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 378.44 673.25 Td (have ) Tj ET Q q 0 0 0 rg BT 399.94 673.25 Td (not ) Tj ET Q q 0 0 0 rg BT 415.34 673.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 430.18 673.25 Td (been ) Tj ET Q q 0 0 0 rg BT 451.69 673.25 Td (determined, ) Tj ET Q q 0 0 0 rg BT 501.79 673.25 Td (but ) Tj ET Q q 0 0 0 rg BT 517.19 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 673.25 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.03 661.25 Td (identifying ) Tj ET Q q 0 0 0 rg BT 105.61 661.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 147.29 661.25 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 170.67 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.81 661.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 228.50 661.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 269.63 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.65 661.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 301.35 661.25 Td (is ) Tj ET Q q 0 0 0 rg BT 309.72 661.25 Td (underway) Tj ET Q q 0 0 0 rg BT 348.50 661.25 Td (. ) Tj ET Q q 0 0 0 rg BT 352.32 661.25 Td (A) Tj ET Q q 0 0 0 rg BT 358.99 661.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.69 661.25 Td (group ) Tj ET Q q 0 0 0 rg BT 385.71 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.74 661.25 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 419.12 661.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 452.45 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.93 661.25 Td (as ) Tj ET Q q 0 0 0 rg BT 471.95 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.87 661.25 Td (Lower ) Tj ET Q q 0 0 0 rg BT 517.98 661.25 Td (W) Tj ET Q q 0 0 0 rg BT 527.02 661.25 Td (illamette ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 84.85 649.25 Td (\(L) Tj ET Q q 0 0 0 rg BT 97.99 649.25 Td (WG\) ) Tj ET Q q 0 0 0 rg BT 127.27 649.25 Td (is ) Tj ET Q q 0 0 0 rg BT 138.80 649.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 188.10 649.25 Td (a 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637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.83 637.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 354.99 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.72 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.33 637.25 Td (contamination. ) Tj ET Q q 0 0 0 rg BT 442.44 637.25 Td (On ) Tj ET Q q 0 0 0 rg BT 457.06 637.25 Td (March ) Tj ET Q q 0 0 0 rg BT 485.56 637.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 500.46 637.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 525.36 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.97 637.25 Td (L) Tj ET Q q 0 0 0 rg BT 545.34 637.25 Td (WG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 92.26 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.86 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.89 625.25 Td (EP) Tj ET Q q 0 0 0 rg BT 128.64 625.25 Td (A) Tj ET Q q 0 0 0 rg BT 135.31 625.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.13 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.39 625.25 Td (made ) Tj ET Q q 0 0 0 rg BT 179.86 625.25 Td (available ) Tj ET Q q 0 0 0 rg BT 218.76 625.25 Td (on ) Tj ET Q q 0 0 0 rg BT 231.58 625.25 Td (its ) Tj ET Q q 0 0 0 rg BT 243.85 625.25 Td (website ) Tj ET Q q 0 0 0 rg BT 277.21 625.25 Td (a ) Tj ET Q q 0 0 0 rg BT 284.47 625.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 306.16 625.25 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 348.97 625.25 Td (study ) Tj ET Q q 0 0 0 rg BT 373.46 625.25 Td (\(FS\) ) Tj ET Q q 0 0 0 rg BT 402.93 625.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.41 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.45 625.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 450.82 625.25 Td (based ) Tj ET Q q 0 0 0 rg BT 476.41 625.25 Td (on ) Tj ET Q q 0 0 0 rg BT 489.22 625.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 625.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (years ) Tj ET Q q 0 0 0 rg BT 74.44 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.12 613.25 Td (work ) Tj ET Q q 0 0 0 rg BT 110.01 613.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.80 613.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 151.14 613.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.03 613.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.38 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.50 613.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 217.85 613.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 258.96 613.25 Td (by ) Tj ET Q q 0 0 0 rg BT 272.30 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.86 613.25 Td (L) Tj ET Q q 0 0 0 rg BT 293.23 613.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 313.23 613.25 Td (as ) Tj ET Q q 0 0 0 rg BT 324.91 613.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 379.91 613.25 Td (related. ) Tj ET Q q 0 0 0 rg BT 412.72 613.25 Td (The ) Tj ET Q q 0 0 0 rg BT 431.61 613.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 453.83 613.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 468.30 613.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 511.09 613.25 Td (by ) Tj ET Q q 0 0 0 rg BT 524.43 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.99 613.25 Td (L) Tj ET Q q 0 0 0 rg BT 545.36 613.25 Td (WG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 90.41 601.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 104.71 601.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 139.57 601.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 176.64 601.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 224.82 601.25 Td (which ) Tj ET Q q 0 0 0 rg BT 251.34 601.25 Td (ranged ) Tj ET Q q 0 0 0 rg BT 280.64 601.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.50 601.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 330.91 601.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 349.10 601.25 Td (from ) Tj ET Q q 0 0 0 rg BT 370.63 601.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 430.47 601.25 Td ($170 ) Tj ET Q q 0 0 0 rg BT 452.56 601.25 Td (million ) Tj ET Q q 0 0 0 rg BT 483.54 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.40 601.25 Td ($250 ) Tj ET Q q 0 0 0 rg BT 515.49 601.25 Td (million ) Tj ET Q q 0 0 0 rg BT 546.47 601.25 Td (\(net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (present ) Tj ET Q q 0 0 0 rg BT 81.01 589.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 108.13 589.25 Td (for ) Tj ET Q q 0 0 0 rg BT 121.93 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.28 589.25 Td (least ) Tj ET Q q 0 0 0 rg BT 156.74 589.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 182.76 589.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 227.10 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.01 589.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 296.90 589.25 Td ($1.08 ) Tj ET Q q 0 0 0 rg BT 321.54 589.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 349.79 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.70 589.25 Td ($1.76 ) Tj ET Q q 0 0 0 rg BT 384.34 589.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 412.58 589.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 430.27 589.25 Td (present ) Tj ET Q q 0 0 0 rg BT 461.28 589.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 488.40 589.25 Td (for ) Tj ET Q q 0 0 0 rg BT 502.19 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.55 589.25 Td (most ) Tj ET Q q 0 0 0 rg BT 538.13 589.25 Td (costly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.33 577.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 108.54 577.25 Td (a ) Tj ET Q q 0 0 0 rg BT 115.88 577.25 Td (range ) Tj ET Q q 0 0 0 rg BT 140.98 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.20 577.25 Td (two ) Tj ET Q q 0 0 0 rg BT 170.09 577.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.76 577.25 Td (28 ) Tj ET Q q 0 0 0 rg BT 193.66 577.25 Td (years ) Tj ET Q q 0 0 0 rg BT 217.65 577.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.32 577.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 273.98 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.09 577.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 326.97 577.25 Td (work, ) Tj ET Q q 0 0 0 rg BT 352.91 577.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 397.46 577.25 Td (on ) Tj ET Q q 0 0 0 rg BT 410.35 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.46 577.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 460.56 577.25 Td (alternative. ) Tj ET Q q 0 0 0 rg BT 508.15 577.25 Td (However) Tj ET Q q 0 0 0 rg BT 544.40 577.25 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 577.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (EP) Tj ET Q q 0 0 0 rg BT 60.75 565.25 Td (A) Tj ET Q q 0 0 0 rg BT 67.42 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.15 565.25 Td (lar) Tj ET Q q 0 0 0 rg BT 80.52 565.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 100.47 565.25 Td (rejected ) Tj ET Q q 0 0 0 rg BT 134.84 565.25 Td (this ) Tj ET Q q 0 0 0 rg BT 152.02 565.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 173.63 565.25 Td (FS, ) Tj ET Q q 0 0 0 rg BT 189.98 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.15 565.25 Td (took ) Tj ET Q q 0 0 0 rg BT 227.66 565.25 Td (over ) Tj ET Q q 0 0 0 rg BT 248.16 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.11 565.25 Td (drafting ) Tj ET Q q 0 0 0 rg BT 297.49 565.25 Td (process. ) Tj ET Q q 0 0 0 rg BT 332.52 565.25 Td (The ) Tj ET Q q 0 0 0 rg BT 350.79 565.25 Td (EP) Tj ET Q q 0 0 0 rg BT 361.54 565.25 Td (A) Tj ET Q q 0 0 0 rg BT 368.21 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.95 565.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 409.22 565.25 Td (their ) Tj ET Q q 0 0 0 rg BT 430.28 565.25 Td (revised ) Tj ET Q q 0 0 0 rg BT 461.89 565.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 483.50 565.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 497.35 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.86 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.81 565.25 Td (L) Tj ET Q q 0 0 0 rg BT 528.17 565.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 547.56 565.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.60 553.25 Td (key ) Tj ET Q q 0 0 0 rg BT 89.09 553.25 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 141.13 553.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.96 553.25 Td (sections, ) Tj ET Q q 0 0 0 rg BT 187.73 553.25 Td (with ) Tj ET Q q 0 0 0 rg BT 207.56 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.83 553.25 Td (final ) Tj ET Q q 0 0 0 rg BT 242.21 553.25 Td (section ) Tj ET Q q 0 0 0 rg BT 272.59 553.25 Td (being ) Tj ET Q q 0 0 0 rg BT 296.86 553.25 Td (made ) Tj ET Q q 0 0 0 rg BT 320.57 553.25 Td (available ) Tj ET Q q 0 0 0 rg BT 358.71 553.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.09 553.25 Td (August ) Tj ET Q q 0 0 0 rg BT 399.03 553.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 423.44 553.25 Td (The ) Tj ET Q q 0 0 0 rg BT 441.04 553.25 Td (revised ) Tj ET Q q 0 0 0 rg BT 471.97 553.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 492.90 553.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 506.08 553.25 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.45 553.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 84.69 541.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 121.57 541.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 169.57 541.25 Td (which ) Tj ET Q q 0 0 0 rg BT 195.91 541.25 Td (ranged ) Tj ET Q q 0 0 0 rg BT 225.03 541.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.71 541.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 274.94 541.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 292.95 541.25 Td (from ) Tj ET Q q 0 0 0 rg BT 314.30 541.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.96 541.25 Td ($550 ) Tj ET Q q 0 0 0 rg BT 395.87 541.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.76 541.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.67 541.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.35 541.25 Td ($1.19 ) Tj ET Q q 0 0 0 rg BT 460.76 541.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.88 541.25 Td ( ) Tj ET Q q 0 0 0 rg BT 488.78 541.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 506.24 541.25 Td (present ) Tj ET Q q 0 0 0 rg BT 537.02 541.25 Td (value\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.85 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.26 529.25 Td (least ) Tj ET Q q 0 0 0 rg BT 98.77 529.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 124.85 529.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 169.24 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.20 529.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 529.25 Td ($1.71 ) Tj ET Q q 0 0 0 rg BT 263.84 529.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.96 529.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.15 529.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.11 529.25 Td ($3.67 ) Tj ET Q q 0 0 0 rg BT 326.80 529.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.92 529.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.11 529.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 372.84 529.25 Td (present ) Tj ET Q q 0 0 0 rg BT 403.91 529.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 431.09 529.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.94 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.34 529.25 Td (most ) Tj ET Q q 0 0 0 rg BT 480.98 529.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 507.06 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.69 529.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 517.25 Td (range ) Tj ET Q q 0 0 0 rg BT 81.65 517.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.48 517.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.14 517.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.64 517.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.91 517.25 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.91 517.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.41 517.25 Td (years ) Tj ET Q q 0 0 0 rg BT 158.01 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.29 517.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 213.56 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.28 517.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 265.76 517.25 Td (work, ) Tj ET Q q 0 0 0 rg BT 291.31 517.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 335.46 517.25 Td (on ) Tj ET Q q 0 0 0 rg BT 347.96 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.68 517.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 397.38 517.25 Td (alternative. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.61 496.25 Td (November ) Tj ET Q q 0 0 0 rg BT 105.10 496.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 129.88 496.25 Td (EP) Tj ET Q q 0 0 0 rg BT 140.63 496.25 Td (A) Tj ET Q q 0 0 0 rg BT 147.30 496.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.59 496.25 Td (Region ) Tj ET Q q 0 0 0 rg BT 180.75 496.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 193.04 496.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 233.63 496.25 Td (its ) Tj ET Q q 0 0 0 rg BT 245.36 496.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 284.28 496.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 328.76 496.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 361.03 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.09 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.59 496.25 Td (National ) Tj ET Q q 0 0 0 rg BT 422.30 496.25 Td (Remedy ) Tj ET Q q 0 0 0 rg BT 457.91 496.25 Td (Review ) Tj ET Q q 0 0 0 rg BT 490.74 496.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 517.46 496.25 Td (\("NRRB"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.47 484.25 Td (peer ) Tj ET Q q 0 0 0 rg BT 75.71 484.25 Td (review ) Tj ET Q q 0 0 0 rg BT 104.95 484.25 Td (group ) Tj ET Q q 0 0 0 rg BT 130.32 484.25 Td (that ) Tj ET Q q 0 0 0 rg BT 147.35 484.25 Td (has ) Tj ET Q q 0 0 0 rg BT 162.71 484.25 Td (been ) Tj ET Q q 0 0 0 rg BT 183.62 484.25 Td (established ) Tj ET Q q 0 0 0 rg BT 230.09 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.90 484.25 Td (review ) Tj ET Q q 0 0 0 rg BT 269.14 484.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 307.83 484.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 351.53 484.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 384.66 484.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 423.91 484.25 Td (for ) Tj ET Q q 0 0 0 rg BT 437.60 484.25 Td (consistency ) Tj ET Q q 0 0 0 rg BT 486.29 484.25 Td (with ) Tj ET Q q 0 0 0 rg BT 506.10 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.35 484.25 Td (Superfund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (statute, ) Tj ET Q q 0 0 0 rg BT 81.26 472.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 130.85 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.94 472.25 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 189.19 472.25 Td (EP) Tj ET Q q 0 0 0 rg BT 199.94 472.25 Td (A) Tj ET Q q 0 0 0 rg BT 206.61 472.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.27 472.25 Td (Region ) Tj ET Q q 0 0 0 rg BT 240.81 472.25 Td (10) Tj ET Q q 0 0 0 rg BT 253.59 472.25 Td (s ) Tj ET Q q 0 0 0 rg BT 260.13 472.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 299.43 472.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 344.28 472.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 385.25 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.68 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.55 472.25 Td (NRRB ) Tj ET Q q 0 0 0 rg BT 440.44 472.25 Td (was ) Tj ET Q q 0 0 0 rg BT 458.65 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 465.74 472.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 504.50 472.25 Td (version ) Tj ET Q q 0 0 0 rg BT 536.59 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.58 472.25 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.77 460.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 124.47 460.25 Td (\(Alternative ) Tj ET Q q 0 0 0 rg BT 175.40 460.25 Td (E\) ) Tj ET Q q 0 0 0 rg BT 187.45 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.84 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 460.25 Td (revised ) Tj ET Q q 0 0 0 rg BT 244.16 460.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 265.64 460.25 Td (FS, ) Tj ET Q q 0 0 0 rg BT 281.88 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.93 460.25 Td (EP) Tj ET Q q 0 0 0 rg BT 309.68 460.25 Td (A) Tj ET Q q 0 0 0 rg BT 316.35 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.96 460.25 Td (Region ) Tj ET Q q 0 0 0 rg BT 350.46 460.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 363.08 460.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 404.01 460.25 Td (that ) Tj ET Q q 0 0 0 rg BT 421.62 460.25 Td (its ) Tj ET Q q 0 0 0 rg BT 433.68 460.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 472.92 460.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 517.73 460.25 Td (would ) Tj ET Q q 0 0 0 rg BT 545.35 460.25 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.77 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 75.27 448.25 Td (years ) Tj ET Q q 0 0 0 rg BT 98.87 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.15 448.25 Td (implement, ) Tj ET Q q 0 0 0 rg BT 156.91 448.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.19 448.25 Td (an ) Tj ET Q q 0 0 0 rg BT 189.13 448.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 229.95 448.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 248.56 448.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.39 448.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 279.39 448.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.00 448.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 326.05 448.25 Td (present ) Tj ET Q q 0 0 0 rg BT 357.43 448.25 Td (value\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.96 427.25 Td (June ) Tj ET Q q 0 0 0 rg BT 81.92 427.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 107.05 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.89 427.25 Td (EP) Tj ET Q q 0 0 0 rg BT 132.64 427.25 Td (A) Tj ET Q q 0 0 0 rg BT 139.31 427.25 Td ( ) Tj ET Q q 0 0 0 rg BT 141.94 427.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 169.57 427.25 Td (its ) Tj ET Q q 0 0 0 rg BT 181.65 427.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 221.50 427.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 241.90 427.25 Td (for ) Tj ET Q q 0 0 0 rg BT 256.19 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 427.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 304.76 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.72 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.56 427.25 Td (in-river ) Tj ET Q q 0 0 0 rg BT 363.18 427.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 394.69 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.65 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.50 427.25 Td (Site. ) Tj ET Q q 0 0 0 rg BT 441.18 427.25 Td (In ) Tj ET Q q 0 0 0 rg BT 452.14 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.98 427.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 506.83 427.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 529.74 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.59 427.25 Td (EP) Tj ET Q q 0 0 0 rg BT 555.34 427.25 Td (A) Tj ET Q q 0 0 0 rg BT 562.01 427.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 90.59 415.25 Td (its ) Tj ET Q q 0 0 0 rg BT 102.31 415.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 141.22 415.25 Td (alternative, ) Tj ET Q q 0 0 0 rg BT 188.19 415.25 Td (which ) Tj ET Q q 0 0 0 rg BT 214.90 415.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 250.50 415.25 Td (a ) Tj ET Q q 0 0 0 rg BT 257.21 415.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 309.48 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.08 415.25 Td (dredging, ) Tj ET Q q 0 0 0 rg BT 360.40 415.25 Td (capping, ) Tj ET Q q 0 0 0 rg BT 396.83 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.54 415.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 453.57 415.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 483.60 415.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 520.85 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.56 415.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 403.25 Td (EP) Tj ET Q q 0 0 0 rg BT 75.52 403.25 Td (A) Tj ET Q q 0 0 0 rg BT 82.19 403.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.73 403.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 124.49 403.25 Td (will ) Tj ET Q q 0 0 0 rg BT 142.60 403.25 Td (take ) Tj ET Q q 0 0 0 rg BT 161.80 403.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 222.11 403.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 247.42 403.25 Td (years ) Tj ET Q q 0 0 0 rg BT 271.07 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.40 403.25 Td (construct ) Tj ET Q q 0 0 0 rg BT 320.60 403.25 Td (with ) Tj ET Q q 0 0 0 rg BT 340.93 403.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 383.46 403.25 Td (time ) Tj ET Q q 0 0 0 rg BT 403.79 403.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.99 403.25 Td (monitored ) Tj ET Q q 0 0 0 rg BT 461.65 403.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 491.96 403.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 529.48 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.81 403.25 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 391.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.86 391.25 Td (an ) Tj ET Q q 0 0 0 rg BT 96.45 391.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.92 391.25 Td ($746 ) Tj ET Q q 0 0 0 rg BT 159.08 391.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.97 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.13 391.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 207.83 391.25 Td (present ) Tj ET Q q 0 0 0 rg BT 238.86 391.25 Td (value\).) Tj ET Q q 0 0 0 rg BT 268.66 391.25 Td (This ) Tj ET Q q 0 0 0 rg BT 288.60 391.25 Td (is ) Tj ET Q q 0 0 0 rg BT 297.42 391.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 357.34 391.25 Td (half ) Tj ET Q q 0 0 0 rg BT 375.04 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.52 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.89 391.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.37 391.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 460.02 391.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.14 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 488.29 391.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 505.99 391.25 Td (present ) Tj ET Q q 0 0 0 rg BT 537.02 391.25 Td (value\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.48 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 79.18 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.77 379.25 Td (very ) Tj ET Q q 0 0 0 rg BT 113.91 379.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 144.06 379.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 183.07 379.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 227.63 379.25 Td (that ) Tj ET Q q 0 0 0 rg BT 245.00 379.25 Td (EP) Tj ET Q q 0 0 0 rg BT 255.75 379.25 Td (A) Tj ET Q q 0 0 0 rg BT 262.42 379.25 Td ( ) Tj ET Q q 0 0 0 rg BT 264.80 379.25 Td (Region ) Tj ET Q q 0 0 0 rg BT 296.05 379.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 308.43 379.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 349.11 379.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.26 379.25 Td (November ) Tj ET Q q 0 0 0 rg BT 403.84 379.25 Td (2015.) Tj ET Q q 0 0 0 rg BT 428.66 379.25 Td (The ) Tj ET Q q 0 0 0 rg BT 446.58 379.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 486.18 379.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 506.33 379.25 Td (also ) Tj ET Q q 0 0 0 rg BT 524.81 379.25 Td (describes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.39 367.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 122.32 367.25 Td (that ) Tj ET Q q 0 0 0 rg BT 140.16 367.25 Td (were ) Tj ET Q q 0 0 0 rg BT 162.43 367.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 208.58 367.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.86 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.92 367.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 272.08 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.13 367.25 Td (EP) Tj ET Q q 0 0 0 rg BT 297.89 367.25 Td (A) Tj ET Q q 0 0 0 rg BT 304.56 367.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.40 367.25 Td (used ) Tj ET Q q 0 0 0 rg BT 328.57 367.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.19 367.25 Td (compare ) Tj ET Q q 0 0 0 rg BT 376.46 367.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.51 367.25 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 442.94 367.25 Td (including ) Tj ET Q q 0 0 0 rg BT 483.56 367.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.72 367.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 547.56 367.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 102.25 355.25 Td (timelines. ) Tj ET Q q 0 0 0 rg BT 144.22 355.25 Td (In ) Tj ET Q q 0 0 0 rg BT 155.36 355.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 205.38 355.25 Td (with ) Tj ET Q q 0 0 0 rg BT 225.97 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.00 355.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 281.03 355.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 304.12 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.15 355.25 Td (EP) Tj ET Q q 0 0 0 rg BT 329.90 355.25 Td (A) Tj ET Q q 0 0 0 rg BT 336.57 355.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.38 355.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 367.20 355.25 Td (its ) Tj ET Q q 0 0 0 rg BT 379.46 355.25 Td (final ) Tj ET Q q 0 0 0 rg BT 400.59 355.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 414.53 355.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.12 355.25 Td (June ) Tj ET Q q 0 0 0 rg BT 446.26 355.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 471.37 355.25 Td (The ) Tj ET Q q 0 0 0 rg BT 489.73 355.25 Td (final ) Tj ET Q q 0 0 0 rg BT 510.86 355.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 524.80 355.25 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 343.25 Td ( ) Tj ET Q q 0 0 0 rg BT 71.83 343.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 106.44 343.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 143.25 343.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 191.18 343.25 Td (\(some ) Tj ET Q q 0 0 0 rg BT 217.45 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.61 343.25 Td (which ) Tj ET Q q 0 0 0 rg BT 253.88 343.25 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 343.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 343.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.98 343.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 336.60 343.25 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 387.02 343.25 Td (for ) Tj ET Q q 0 0 0 rg BT 400.51 343.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.78 343.25 Td (total ) Tj ET Q q 0 0 0 rg BT 426.39 343.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.56 343.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.56 343.25 Td ( ) Tj ET Q q 0 0 0 rg BT 448.39 343.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 483.00 343.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 527.03 343.25 Td (remedial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (scenarios\) ) Tj ET Q q 0 0 0 rg BT 92.61 331.25 Td (which ) Tj ET Q q 0 0 0 rg BT 119.12 331.25 Td (ranged ) Tj ET Q q 0 0 0 rg BT 148.40 331.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.25 331.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 198.64 331.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 216.82 331.25 Td (from ) Tj ET Q q 0 0 0 rg BT 238.33 331.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.16 331.25 Td ($316 ) Tj ET Q q 0 0 0 rg BT 320.23 331.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.12 331.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.20 331.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.05 331.25 Td ($677 ) Tj ET Q q 0 0 0 rg BT 383.12 331.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.01 331.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.08 331.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 431.70 331.25 Td (present ) Tj ET Q q 0 0 0 rg BT 462.65 331.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 489.71 331.25 Td (for ) Tj ET Q q 0 0 0 rg BT 503.44 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.73 331.25 Td (least ) Tj ET Q q 0 0 0 rg BT 538.12 331.25 Td (costly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 94.71 319.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.00 319.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.28 319.25 Td ($1.21 ) Tj ET Q q 0 0 0 rg BT 190.29 319.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.40 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.92 319.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.21 319.25 Td ($2.67 ) Tj ET Q q 0 0 0 rg BT 254.22 319.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.33 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.85 319.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 300.91 319.25 Td (present ) Tj ET Q q 0 0 0 rg BT 332.30 319.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 359.80 319.25 Td (for ) Tj ET Q q 0 0 0 rg BT 373.97 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.70 319.25 Td (most ) Tj ET Q q 0 0 0 rg BT 410.67 319.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 437.07 319.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 481.78 319.25 Td (that ) Tj ET Q q 0 0 0 rg BT 499.29 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.02 319.25 Td (EP) Tj ET Q q 0 0 0 rg BT 524.77 319.25 Td (A) Tj ET Q q 0 0 0 rg BT 531.44 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 533.95 319.25 Td (did ) Tj ET Q q 0 0 0 rg BT 549.24 319.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (screen ) Tj ET Q q 0 0 0 rg BT 78.02 307.25 Td (out ) Tj ET Q q 0 0 0 rg BT 93.28 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.20 307.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 149.89 307.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.81 307.25 Td (range ) Tj ET Q q 0 0 0 rg BT 181.50 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.31 307.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.80 307.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.46 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.94 307.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.20 307.25 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.20 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.68 307.25 Td (years ) Tj ET Q q 0 0 0 rg BT 260.26 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.52 307.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 315.77 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.47 307.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 367.93 307.25 Td (work, ) Tj ET Q q 0 0 0 rg BT 393.47 307.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 437.60 307.25 Td (on ) Tj ET Q q 0 0 0 rg BT 450.09 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.79 307.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 499.47 307.25 Td (alternative. ) Tj ET Q q 0 0 0 rg BT 546.47 307.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (final ) Tj ET Q q 0 0 0 rg BT 71.39 295.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 85.58 295.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 121.97 295.25 Td (one ) Tj ET Q q 0 0 0 rg BT 139.48 295.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 184.74 295.25 Td (\(Alternative ) Tj ET Q q 0 0 0 rg BT 236.12 295.25 Td (H\) ) Tj ET Q q 0 0 0 rg BT 249.74 295.25 Td (which ) Tj ET Q q 0 0 0 rg BT 277.24 295.25 Td (would ) Tj ET Q q 0 0 0 rg BT 305.31 295.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 338.37 295.25 Td (capping/dredging ) Tj ET Q q 0 0 0 rg BT 411.42 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.70 295.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 452.53 295.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 471.15 295.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.00 295.25 Td (an ) Tj ET Q q 0 0 0 rg BT 504.50 295.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 545.89 295.25 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (range ) Tj ET Q q 0 0 0 rg BT 74.35 283.25 Td (from ) Tj ET Q q 0 0 0 rg BT 95.93 283.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.83 283.25 Td ($6.61 ) Tj ET Q q 0 0 0 rg BT 180.47 283.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.58 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.72 283.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.64 283.25 Td ($14.29 ) Tj ET Q q 0 0 0 rg BT 248.28 283.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.54 283.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.12 283.25 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.12 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.26 283.25 Td (years ) Tj ET Q q 0 0 0 rg BT 328.50 283.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.42 283.25 Td (implement. ) Tj ET Q q 0 0 0 rg BT 385.67 283.25 Td (The ) Tj ET Q q 0 0 0 rg BT 403.36 283.25 Td (EP) Tj ET Q q 0 0 0 rg BT 414.11 283.25 Td (A) Tj ET Q q 0 0 0 rg BT 420.78 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.92 283.25 Td (screened ) Tj ET Q q 0 0 0 rg BT 460.04 283.25 Td (out ) Tj ET Q q 0 0 0 rg BT 474.96 283.25 Td (this ) Tj ET Q q 0 0 0 rg BT 491.08 283.25 Td (Alternative ) Tj ET Q q 0 0 0 rg BT 538.20 283.25 Td (H ) Tj ET Q q 0 0 0 rg BT 547.56 283.25 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.32 271.25 Td (implementability ) Tj ET Q q 0 0 0 rg BT 131.18 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.15 271.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 166.80 271.25 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 229.60 271.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 252.13 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.00 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.75 271.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 299.17 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.15 271.25 Td (final ) Tj ET Q q 0 0 0 rg BT 337.01 271.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 350.67 271.25 Td (also ) Tj ET Q q 0 0 0 rg BT 369.32 271.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 405.19 271.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.16 271.25 Td (No ) Tj ET Q q 0 0 0 rg BT 426.36 271.25 Td (Action ) Tj ET Q q 0 0 0 rg BT 456.12 271.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 500.86 271.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 546.71 271.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.58 271.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (baseline ) Tj ET Q q 0 0 0 rg BT 85.12 259.25 Td (for ) Tj ET Q q 0 0 0 rg BT 99.14 259.25 Td (comparison ) Tj ET Q q 0 0 0 rg BT 148.15 259.25 Td (with ) Tj ET Q q 0 0 0 rg BT 168.29 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.87 259.25 Td (other ) Tj ET Q q 0 0 0 rg BT 205.77 259.25 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 256.55 259.25 Td (The ) Tj ET Q q 0 0 0 rg BT 274.45 259.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 287.94 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.73 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.31 259.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 358.89 259.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 379.02 259.25 Td (do ) Tj ET Q q 0 0 0 rg BT 391.38 259.25 Td (not ) Tj ET Q q 0 0 0 rg BT 406.52 259.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 448.86 259.25 Td (or ) Tj ET Q q 0 0 0 rg BT 459.55 259.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 492.99 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.57 259.25 Td (responsibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 247.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 114.42 247.25 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 87.38 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.83 226.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 154.00 226.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 174.73 226.25 Td (is ) Tj ET Q q 0 0 0 rg BT 184.35 226.25 Td (part ) Tj ET Q q 0 0 0 rg BT 202.85 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.13 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.30 226.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 275.02 226.25 Td (process ) Tj ET Q q 0 0 0 rg BT 307.96 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 322.57 226.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 367.17 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.56 226.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 435.27 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.55 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.72 226.25 Td (Site.) Tj ET Q q 0 0 0 rg BT 482.10 226.25 Td (There ) Tj ET Q q 0 0 0 rg BT 508.36 226.25 Td (was ) Tj ET Q q 0 0 0 rg BT 526.86 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.25 226.25 Td (90-day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (public ) Tj ET Q q 0 0 0 rg BT 78.31 214.25 Td (comment ) Tj ET Q q 0 0 0 rg BT 118.85 214.25 Td (period ) Tj ET Q q 0 0 0 rg BT 147.71 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 161.03 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.57 214.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 217.11 214.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 238.21 214.25 Td (that ) Tj ET Q q 0 0 0 rg BT 256.52 214.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 285.39 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 298.71 214.25 Td (September ) Tj ET Q q 0 0 0 rg BT 344.79 214.25 Td (6, ) Tj ET Q q 0 0 0 rg BT 355.61 214.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 380.69 214.25 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 444.56 214.25 Td (5,300 ) Tj ET Q q 0 0 0 rg BT 470.38 214.25 Td (commenters ) Tj ET Q q 0 0 0 rg BT 522.57 214.25 Td (submitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (comments. ) Tj ET Q q 0 0 0 rg BT 95.22 202.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 137.96 202.25 Td (its ) Tj ET Q q 0 0 0 rg BT 149.03 202.25 Td (review ) Tj ET Q q 0 0 0 rg BT 177.85 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.91 202.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.40 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.35 202.25 Td (these ) Tj ET Q q 0 0 0 rg BT 281.51 202.25 Td (comments, ) Tj ET Q q 0 0 0 rg BT 326.74 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.57 202.25 Td (EP) Tj ET Q q 0 0 0 rg BT 351.32 202.25 Td (A) Tj ET Q q 0 0 0 rg BT 357.99 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.61 202.25 Td (will ) Tj ET Q q 0 0 0 rg BT 376.79 202.25 Td (prepare ) Tj ET Q q 0 0 0 rg BT 408.38 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.44 202.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 453.27 202.25 Td (responding ) Tj ET Q q 0 0 0 rg BT 499.33 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.73 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.56 202.25 Td (submitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (comments ) Tj ET Q q 0 0 0 rg BT 93.18 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.69 190.25 Td (select ) Tj ET Q q 0 0 0 rg BT 134.52 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.04 190.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 173.09 190.25 Td (for ) Tj ET Q q 0 0 0 rg BT 186.83 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.12 190.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 218.75 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.60 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 235.11 190.25 Td (Record ) Tj ET Q q 0 0 0 rg BT 266.06 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.46 190.25 Td (Decision ) Tj ET Q q 0 0 0 rg BT 314.08 190.25 Td (\(ROD\).) Tj ET Q q 0 0 0 rg BT 355.55 190.25 Td (The ) Tj ET Q q 0 0 0 rg BT 373.17 190.25 Td (EP) Tj ET Q q 0 0 0 rg BT 383.92 190.25 Td (A) Tj ET Q q 0 0 0 rg BT 390.59 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 392.66 190.25 Td (has ) Tj ET Q q 0 0 0 rg BT 408.07 190.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 446.79 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 463.86 190.25 Td (it ) Tj ET Q q 0 0 0 rg BT 471.49 190.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 494.67 190.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.52 190.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 526.59 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.88 190.25 Td (ROD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (by ) Tj ET Q q 0 0 0 rg BT 63.33 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 178.25 Td (end ) Tj ET Q q 0 0 0 rg BT 96.65 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.31 178.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 131.64 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 143.30 178.25 Td (in ) Tj ET Q q 0 0 0 rg BT 154.40 178.25 Td (early ) Tj ET Q q 0 0 0 rg BT 177.72 178.25 Td (January ) Tj ET Q q 0 0 0 rg BT 212.15 178.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 237.98 178.25 Td (In ) Tj ET Q q 0 0 0 rg BT 249.64 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.19 178.25 Td (ROD, ) Tj ET Q q 0 0 0 rg BT 292.13 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.68 178.25 Td (EP) Tj ET Q q 0 0 0 rg BT 318.43 178.25 Td (A) Tj ET Q q 0 0 0 rg BT 325.10 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.43 178.25 Td (may ) Tj ET Q q 0 0 0 rg BT 348.97 178.25 Td (modify ) Tj ET Q q 0 0 0 rg BT 381.19 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.74 178.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 436.70 178.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 482.23 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 493.89 178.25 Td (select ) Tj ET Q q 0 0 0 rg BT 519.99 178.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.75 178.25 Td (dif) Tj ET Q q 0 0 0 rg BT 538.68 178.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 95.16 166.25 Td (than ) Tj ET Q q 0 0 0 rg BT 115.34 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 133.30 166.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 174.58 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.32 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.50 166.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 240.69 166.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 261.43 166.25 Td (based ) Tj ET Q q 0 0 0 rg BT 287.16 166.25 Td (on ) Tj ET Q q 0 0 0 rg BT 300.13 166.25 Td (new ) Tj ET Q q 0 0 0 rg BT 319.75 166.25 Td (information ) Tj ET Q q 0 0 0 rg BT 369.93 166.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.22 166.25 Td (public ) Tj ET Q q 0 0 0 rg BT 409.18 166.25 Td (comments. ) Tj ET Q q 0 0 0 rg BT 455.75 166.25 Td (It ) Tj ET Q q 0 0 0 rg BT 464.82 166.25 Td (is ) Tj ET Q q 0 0 0 rg BT 474.45 166.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 514.62 166.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 549.79 166.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 89.09 154.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 133.74 154.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 174.51 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 186.97 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.64 154.25 Td (EP) Tj ET Q q 0 0 0 rg BT 212.39 154.25 Td (A) Tj ET Q q 0 0 0 rg BT 219.06 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.51 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.75 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.42 154.25 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 286.09 154.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 306.32 154.25 Td (will ) Tj ET Q q 0 0 0 rg BT 324.33 154.25 Td (be ) Tj ET Q q 0 0 0 rg BT 336.23 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.90 154.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 385.55 154.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 417.99 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.22 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.89 154.25 Td (ROD ) Tj ET Q q 0 0 0 rg BT 466.46 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 477.24 154.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 511.90 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.57 154.25 Td (EP) Tj ET Q q 0 0 0 rg BT 537.33 154.25 Td (A) Tj ET Q q 0 0 0 rg BT 544.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.45 154.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.90 142.25 Td (able ) Tj ET Q q 0 0 0 rg BT 81.01 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.25 142.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 128.70 142.25 Td (its ) Tj ET Q q 0 0 0 rg BT 140.60 142.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 179.72 142.25 Td (schedule ) Tj ET Q q 0 0 0 rg BT 217.17 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.28 142.25 Td (issuing ) Tj ET Q q 0 0 0 rg BT 262.08 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.76 142.25 Td (ROD. ) Tj ET Q q 0 0 0 rg BT 302.83 142.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 325.83 142.25 Td (when ) Tj ET Q q 0 0 0 rg BT 349.95 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.63 142.25 Td (ROD ) Tj ET Q q 0 0 0 rg BT 388.20 142.25 Td (is ) Tj ET Q q 0 0 0 rg BT 397.33 142.25 Td (issued, ) Tj ET Q q 0 0 0 rg BT 427.29 142.25 Td (it ) Tj ET Q q 0 0 0 rg BT 435.30 142.25 Td (is ) Tj ET Q q 0 0 0 rg BT 444.43 142.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 469.66 142.25 Td (that ) Tj ET Q q 0 0 0 rg BT 487.12 142.25 Td (there ) Tj ET Q q 0 0 0 rg BT 509.56 142.25 Td (will ) Tj ET Q q 0 0 0 rg BT 527.58 142.25 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 130.25 Td (be ) Tj ET Q q 0 0 0 rg BT 72.22 130.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 116.93 130.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 164.41 130.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 205.22 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.94 130.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.44 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.27 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.99 130.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 302.69 130.25 Td (remedy) Tj ET Q q 0 0 0 rg BT 332.03 130.25 Td (.) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (14) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.85 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.05 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.79 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.64 742.10 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 195.94 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 216.12 742.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 255.74 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.49 742.10 Td (number ) Tj ET Q q 0 0 0 rg BT 293.34 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.98 742.10 Td (serious ) Tj ET Q q 0 0 0 rg BT 332.61 742.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 369.46 742.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 409.08 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.60 742.10 Td (EP) Tj ET Q q 0 0 0 rg BT 433.35 742.10 Td (A's ) Tj ET Q q 0 0 0 rg BT 447.58 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 463.88 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.63 742.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 515.91 742.10 Td (alternatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 102.65 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.42 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.96 730.10 Td (EP) Tj ET Q q 0 0 0 rg BT 148.71 730.10 Td (A's ) Tj ET Q q 0 0 0 rg BT 165.95 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 186.38 730.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 230.42 730.10 Td (scheduling ) Tj ET Q q 0 0 0 rg BT 278.07 730.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 331.84 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.60 730.10 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 402.14 730.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 444.78 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.32 730.10 Td (feasibility) Tj ET Q q 0 0 0 rg BT 500.67 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 507.49 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 515.08 730.10 Td (fectiveness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (community ) Tj ET Q q 0 0 0 rg BT 97.75 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 127.17 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.81 718.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 191.00 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.53 718.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 251.49 718.10 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 306.58 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 324.33 718.10 Td (EP) Tj ET Q q 0 0 0 rg BT 335.08 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 341.19 718.10 Td () Tj ET Q q 0 0 0 rg BT 343.97 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 350.06 718.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 363.39 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.03 718.10 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 419.45 718.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 439.43 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 453.84 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 478.81 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.01 718.10 Td (data ) Tj ET Q q 0 0 0 rg BT 509.86 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 527.06 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 541.47 718.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.92 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.07 706.10 Td (decade ) Tj ET Q q 0 0 0 rg BT 107.52 706.10 Td (old ) Tj ET Q q 0 0 0 rg BT 123.01 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.15 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 160.07 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 175.56 706.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 219.34 706.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 258.69 706.10 Td (site ) Tj ET Q q 0 0 0 rg BT 275.28 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.32 706.10 Td (background ) Tj ET Q q 0 0 0 rg BT 336.23 706.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 383.10 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 394.14 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 406.29 706.10 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 446.22 706.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 469.20 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.12 706.10 Td (EP) Tj ET Q q 0 0 0 rg BT 494.87 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 501.54 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.25 706.10 Td (acknowledged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.88 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.98 694.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 135.32 694.10 Td (used ) Tj ET Q q 0 0 0 rg BT 156.53 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.20 694.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 203.40 694.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 226.29 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.83 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.94 694.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 293.80 694.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 342.78 694.10 Td (were ) Tj ET Q q 0 0 0 rg BT 365.09 694.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 409.07 694.10 Td (based ) Tj ET Q q 0 0 0 rg BT 434.73 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.61 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.71 694.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 497.27 694.10 Td (data ) Tj ET Q q 0 0 0 rg BT 516.81 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.13 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 694.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (finalized ) Tj ET Q q 0 0 0 rg BT 87.19 682.10 Td (during ) Tj ET Q q 0 0 0 rg BT 115.50 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.93 682.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 167.11 682.10 Td (design, ) Tj ET Q q 0 0 0 rg BT 197.93 682.10 Td (after ) Tj ET Q q 0 0 0 rg BT 218.45 682.10 Td (design ) Tj ET Q q 0 0 0 rg BT 246.77 682.10 Td (level ) Tj ET Q q 0 0 0 rg BT 268.41 682.10 Td (data ) Tj ET Q q 0 0 0 rg BT 287.27 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.26 682.10 Td (refine ) Tj ET Q q 0 0 0 rg BT 322.78 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.20 682.10 Td (baseline ) Tj ET Q q 0 0 0 rg BT 372.17 682.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 416.04 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.46 682.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 469.60 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.81 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 482.34 682.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 519.82 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.25 682.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 547.58 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 90.40 670.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 111.35 670.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 145.07 670.10 Td (only ) Tj ET Q q 0 0 0 rg BT 166.03 670.10 Td (site-wide ) Tj ET Q q 0 0 0 rg BT 205.86 670.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 225.14 670.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 265.53 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.14 670.10 Td (do ) Tj ET Q q 0 0 0 rg BT 296.32 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 312.27 670.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 345.99 670.10 Td (suf) Tj ET Q q 0 0 0 rg BT 358.03 670.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 386.75 670.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 412.14 670.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 453.63 670.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 476.80 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 491.64 670.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 525.91 670.10 Td (sediment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.84 658.10 Td (areas. ) Tj ET Q q 0 0 0 rg BT 129.02 658.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 178.36 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.61 658.10 Td (it ) Tj ET Q q 0 0 0 rg BT 191.91 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.33 658.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 247.95 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.70 658.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 308.44 658.10 Td (pre-remedial ) Tj ET Q q 0 0 0 rg BT 362.27 658.10 Td (design ) Tj ET Q q 0 0 0 rg BT 391.13 658.10 Td (investigative ) Tj ET Q q 0 0 0 rg BT 444.98 658.10 Td (work ) Tj ET Q q 0 0 0 rg BT 468.28 658.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.58 658.10 Td (need ) Tj ET Q q 0 0 0 rg BT 508.21 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.74 658.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 543.70 658.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 646.10 Td (ROD ) Tj ET Q q 0 0 0 rg BT 88.83 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 98.24 646.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 125.99 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.52 646.10 Td (order ) Tj ET Q q 0 0 0 rg BT 160.37 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.89 646.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 204.19 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.37 646.10 Td (re-baseline ) Tj ET Q q 0 0 0 rg BT 257.98 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.39 646.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.14 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.33 646.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 355.05 646.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 396.11 646.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 433.84 646.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 464.92 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.32 646.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 513.17 646.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 536.45 646.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 634.10 Td (Site.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.47 613.10 Td (next ) Tj ET Q q 0 0 0 rg BT 86.61 613.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 111.30 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.00 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.13 613.10 Td (process ) Tj ET Q q 0 0 0 rg BT 167.05 613.10 Td (following ) Tj ET Q q 0 0 0 rg BT 207.85 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.99 613.10 Td (ROD ) Tj ET Q q 0 0 0 rg BT 245.03 613.10 Td (is ) Tj ET Q q 0 0 0 rg BT 253.62 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.76 613.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 304.66 613.10 Td (design. ) Tj ET Q q 0 0 0 rg BT 335.05 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 352.52 613.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 389.42 613.10 Td (design ) Tj ET Q q 0 0 0 rg BT 417.45 613.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 442.14 613.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.73 613.10 Td (an ) Tj ET Q q 0 0 0 rg BT 462.09 613.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 511.21 613.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 535.90 613.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (which ) Tj ET Q q 0 0 0 rg BT 78.68 601.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 122.90 601.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 163.23 601.10 Td (information ) Tj ET Q q 0 0 0 rg BT 214.68 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.35 601.10 Td (data ) Tj ET Q q 0 0 0 rg BT 254.25 601.10 Td (will ) Tj ET Q q 0 0 0 rg BT 274.04 601.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.72 601.10 Td (collected, ) Tj ET Q q 0 0 0 rg BT 330.54 601.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 373.10 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.78 601.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 446.55 601.10 Td (into ) Tj ET Q q 0 0 0 rg BT 466.34 601.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 506.67 601.10 Td (drawings ) Tj ET Q q 0 0 0 rg BT 547.56 601.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (specifications ) Tj ET Q q 0 0 0 rg BT 108.09 589.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 152.30 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.07 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.40 589.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 229.95 589.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 268.04 589.10 Td (action. ) Tj ET Q q 0 0 0 rg BT 297.86 589.10 Td (The ) Tj ET Q q 0 0 0 rg BT 316.52 589.10 Td (EP) Tj ET Q q 0 0 0 rg BT 327.27 589.10 Td (A) Tj ET Q q 0 0 0 rg BT 333.94 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.05 589.10 Td (will ) Tj ET Q q 0 0 0 rg BT 355.72 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.27 589.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 401.93 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.48 589.10 Td (new ) Tj ET Q q 0 0 0 rg BT 429.25 589.10 Td (coalition ) Tj ET Q q 0 0 0 rg BT 467.36 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.80 589.10 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 503.59 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.48 589.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 549.80 589.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 88.33 577.10 Td (design ) Tj ET Q q 0 0 0 rg BT 117.78 577.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 159.73 577.10 Td (Remediation ) Tj ET Q q 0 0 0 rg BT 214.17 577.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 253.62 577.10 Td (are ) Tj ET Q q 0 0 0 rg BT 269.17 577.10 Td (not ) Tj ET Q q 0 0 0 rg BT 285.30 577.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 324.18 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.31 577.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 381.96 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.97 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.76 577.10 Td (number ) Tj ET Q q 0 0 0 rg BT 438.65 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.33 577.10 Td (years ) Tj ET Q q 0 0 0 rg BT 474.77 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.56 577.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 550.35 577.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 108.67 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.22 565.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 160.45 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.79 565.10 Td (EP) Tj ET Q q 0 0 0 rg BT 186.54 565.10 Td (A) Tj ET Q q 0 0 0 rg BT 192.65 565.10 Td () Tj ET Q q 0 0 0 rg BT 195.43 565.10 Td (s ) Tj ET Q q 0 0 0 rg BT 202.44 565.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 237.76 565.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 270.87 565.10 Td (will ) Tj ET Q q 0 0 0 rg BT 289.54 565.10 Td (be ) Tj ET Q q 0 0 0 rg BT 302.10 565.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 350.20 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.10 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.66 565.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 404.53 565.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 447.08 565.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 482.46 565.10 Td (While ) Tj ET Q q 0 0 0 rg BT 510.01 565.10 Td (an ) Tj ET Q q 0 0 0 rg BT 522.57 565.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (process ) Tj ET Q q 0 0 0 rg BT 83.35 553.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.38 553.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 132.84 553.10 Td (underway) Tj ET Q q 0 0 0 rg BT 171.62 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.48 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.06 553.10 Td (EP) Tj ET Q q 0 0 0 rg BT 203.81 553.10 Td (A's ) Tj ET Q q 0 0 0 rg BT 220.09 553.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 234.57 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.37 553.10 Td (its ) Tj ET Q q 0 0 0 rg BT 265.18 553.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 305.19 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.33 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.91 553.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 371.93 553.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 417.49 553.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 456.95 553.10 Td (have ) Tj ET Q q 0 0 0 rg BT 479.18 553.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 506.42 553.10 Td (questions ) Tj ET Q q 0 0 0 rg BT 547.56 553.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 97.48 541.10 Td (as ) Tj ET Q q 0 0 0 rg BT 108.31 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.59 541.10 Td (how ) Tj ET Q q 0 0 0 rg BT 138.31 541.10 Td (that ) Tj ET Q q 0 0 0 rg BT 155.81 541.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 197.73 541.10 Td (process ) Tj ET Q q 0 0 0 rg BT 230.22 541.10 Td (will ) Tj ET Q q 0 0 0 rg BT 248.28 541.10 Td (proceed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 85.35 520.10 Td (there ) Tj ET Q q 0 0 0 rg BT 107.37 520.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.74 520.10 Td (not ) Tj ET Q q 0 0 0 rg BT 137.55 520.10 Td (been ) Tj ET Q q 0 0 0 rg BT 158.46 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.94 520.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 222.51 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.87 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 520.10 Td (total ) Tj ET Q q 0 0 0 rg BT 266.93 520.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 285.08 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.44 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.69 520.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 369.78 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 520.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 433.83 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 450.86 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 468.45 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.92 520.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 517.77 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 520.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 508.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 90.64 508.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 126.79 508.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 164.05 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.65 508.10 Td (how ) Tj ET Q q 0 0 0 rg BT 194.15 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.64 508.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.92 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.52 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 508.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 291.07 508.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 348.90 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.61 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 382.32 508.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 414.58 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.30 508.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 461.34 508.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 497.48 508.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 534.74 508.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 508.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 88.72 496.10 Td (among ) Tj ET Q q 0 0 0 rg BT 118.56 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.40 496.10 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 160.21 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.06 496.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.57 496.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 251.96 496.10 Td (it ) Tj ET Q q 0 0 0 rg BT 260.15 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 269.44 496.10 Td (not ) Tj ET Q q 0 0 0 rg BT 284.85 496.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 320.25 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.66 496.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 376.60 496.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 412.55 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.39 496.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 460.01 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.97 496.10 Td (range ) Tj ET Q q 0 0 0 rg BT 495.81 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.76 496.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.39 496.10 Td (which ) Tj ET Q q 0 0 0 rg BT 556.46 496.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.26 484.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 84.63 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.00 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.92 484.10 Td (which ) Tj ET Q q 0 0 0 rg BT 132.95 484.10 Td (it ) Tj ET Q q 0 0 0 rg BT 141.10 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.36 484.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 196.27 484.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 231.64 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.22 484.10 Td (it ) Tj ET Q q 0 0 0 rg BT 257.37 484.10 Td (will ) Tj ET Q q 0 0 0 rg BT 275.52 484.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 298.66 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.03 484.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 355.49 484.10 Td (with ) Tj ET Q q 0 0 0 rg BT 375.86 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 484.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 411.32 484.10 Td (although ) Tj ET Q q 0 0 0 rg BT 448.91 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 469.83 484.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 492.42 484.10 Td (could ) Tj ET Q q 0 0 0 rg BT 517.23 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.26 484.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 472.10 Td (Company) Tj ET Q q 0 0 0 rg BT 116.66 472.10 Td (s ) Tj ET Q q 0 0 0 rg BT 123.05 472.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.53 472.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 197.76 472.10 Td (results ) Tj ET Q q 0 0 0 rg BT 226.37 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.20 472.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 283.85 472.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.12 472.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 328.84 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.78 472.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 379.02 472.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 96.13 451.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.15 451.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 153.39 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.42 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.88 451.10 Td (future ) Tj ET Q q 0 0 0 rg BT 204.01 451.10 Td (related ) Tj ET Q q 0 0 0 rg BT 233.46 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.48 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.95 451.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 275.75 451.10 Td (could ) Tj ET Q q 0 0 0 rg BT 300.22 451.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 329.11 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.57 451.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 375.82 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.39 451.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.97 451.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 445.88 451.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 481.44 451.10 Td (that ) Tj ET Q q 0 0 0 rg BT 498.68 451.10 Td (could ) Tj ET Q q 0 0 0 rg BT 523.14 451.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.85 439.10 Td (used ) Tj ET Q q 0 0 0 rg BT 82.58 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.65 439.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 142.94 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.13 439.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 182.18 439.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 238.18 439.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 290.86 439.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 332.16 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.00 439.10 Td (share ) Tj ET Q q 0 0 0 rg BT 372.51 439.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 424.08 439.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 443.71 439.10 Td (material ) Tj ET Q q 0 0 0 rg BT 478.88 439.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 518.50 439.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 554.22 439.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.45 427.10 Td (future ) Tj ET Q q 0 0 0 rg BT 90.56 427.10 Td (related ) Tj ET Q q 0 0 0 rg BT 120.00 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.01 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.46 427.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 162.25 427.10 Td (could ) Tj ET Q q 0 0 0 rg BT 186.70 427.10 Td (result ) Tj ET Q q 0 0 0 rg BT 211.15 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.16 427.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.73 427.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 265.06 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.07 427.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 312.29 427.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 360.62 427.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.63 427.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 410.06 427.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 452.28 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.29 427.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.86 427.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 497.31 427.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 547.58 427.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 115.57 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.48 415.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 192.26 415.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.96 415.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 227.31 415.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.31 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.22 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.14 415.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 305.72 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.08 415.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 385.21 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.90 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.03 415.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 440.28 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.97 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.10 415.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 524.79 415.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 96.38 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 403.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 125.27 403.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 136.93 403.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 165.25 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.08 403.10 Td (this ) Tj ET Q q 0 0 0 rg BT 193.03 403.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 382.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.23 382.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 98.41 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.39 382.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 152.60 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 171.35 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.32 382.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 221.05 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.25 382.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 276.88 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.30 382.10 Td (general ) Tj ET Q q 0 0 0 rg BT 321.05 382.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 363.12 382.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 411.04 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 438.69 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 464.11 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 486.19 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.82 382.10 Td (material ) Tj ET Q q 0 0 0 rg BT 530.91 382.10 Td (adverse ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 370.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.13 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.09 370.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.04 370.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 179.27 370.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 218.99 370.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 260.39 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.45 370.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.84 370.10 Td (flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (Demand ) Tj ET Q q 0 0 0 rg BT 86.65 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.08 355.10 Td (most ) Tj ET Q q 0 0 0 rg BT 123.30 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.40 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 150.50 355.10 Td (products ) Tj ET Q q 0 0 0 rg BT 187.70 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.14 355.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 231.00 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.55 355.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 269.31 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.52 355.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 324.28 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.83 355.10 Td (general ) Tj ET Q q 0 0 0 rg BT 367.02 355.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 408.66 355.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 455.40 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 473.72 355.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 502.60 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.81 355.10 Td (magnitude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.06 343.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 103.81 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.34 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.32 343.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 170.96 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.50 343.10 Td (which ) Tj ET Q q 0 0 0 rg BT 208.69 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.78 343.10 Td (products ) Tj ET Q q 0 0 0 rg BT 261.98 343.10 Td (are ) Tj ET Q q 0 0 0 rg BT 276.94 343.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 300.53 343.10 Td (including ) Tj ET Q q 0 0 0 rg BT 341.06 343.10 Td (global ) Tj ET Q q 0 0 0 rg BT 368.81 343.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 389.90 343.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 450.97 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.16 343.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 512.57 343.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.01 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.47 331.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 96.99 331.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.43 331.10 Td (dif) Tj ET Q q 0 0 0 rg BT 122.36 331.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 145.70 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.71 331.10 Td (predict. ) Tj ET Q q 0 0 0 rg BT 188.05 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 205.83 331.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 239.16 331.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 266.38 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.95 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.51 331.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 336.41 331.10 Td (tends ) Tj ET Q q 0 0 0 rg BT 359.75 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.77 331.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 397.53 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.21 331.10 Td (be ) Tj ET Q q 0 0 0 rg BT 425.88 331.10 Td (amplified ) Tj ET Q q 0 0 0 rg BT 466.44 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 478.68 331.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 513.12 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.13 331.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 95.77 319.10 Td (both ) Tj ET Q q 0 0 0 rg BT 115.16 319.10 Td (domestically ) Tj ET Q q 0 0 0 rg BT 167.87 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.92 319.10 Td (internationally) Tj ET Q q 0 0 0 rg BT 241.58 319.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.69 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.74 319.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 292.22 319.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 328.81 319.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 368.17 319.10 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 419.49 319.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 461.64 319.10 Td (downturns ) Tj ET Q q 0 0 0 rg BT 505.47 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.41 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.46 319.10 Td (prolonged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.89 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.56 307.10 Td (slow ) Tj ET Q q 0 0 0 rg BT 109.79 307.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 140.46 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.58 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.14 307.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 185.26 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.04 307.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 233.26 307.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 267.25 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.92 307.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.70 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.37 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.93 307.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 361.15 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.27 307.10 Td (which ) Tj ET Q q 0 0 0 rg BT 398.05 307.10 Td (we ) Tj ET Q q 0 0 0 rg BT 412.05 307.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 443.82 307.10 Td (could ) Tj ET Q q 0 0 0 rg BT 468.37 307.10 Td (have ) Tj ET Q q 0 0 0 rg BT 489.59 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.37 307.10 Td (material ) Tj ET Q q 0 0 0 rg BT 531.47 307.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 295.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.75 295.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.93 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.44 295.10 Td (results ) Tj ET Q q 0 0 0 rg BT 130.73 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.24 295.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 187.57 295.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.73 295.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 264.68 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 295.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 301.25 295.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 327.99 295.10 Td (While ) Tj ET Q q 0 0 0 rg BT 354.61 295.10 Td (we ) Tj ET Q q 0 0 0 rg BT 368.45 295.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 399.50 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 416.67 295.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 446.62 295.10 Td (such ) Tj ET Q q 0 0 0 rg BT 467.13 295.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.64 295.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 533.68 295.10 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.23 283.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 105.12 283.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 149.34 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.23 283.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 198.34 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.45 283.10 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 278.45 283.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 324.33 283.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 340.78 283.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 378.88 283.10 Td (will ) Tj ET Q q 0 0 0 rg BT 395.89 283.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 431.78 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.01 283.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 463.01 283.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 503.90 283.10 Td (global ) Tj ET Q q 0 0 0 rg BT 530.35 283.10 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.80 271.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 101.81 271.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 129.66 271.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.46 271.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.81 271.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 189.61 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.53 271.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 231.44 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.79 271.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 283.26 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.73 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.09 271.10 Td (current ) Tj ET Q q 0 0 0 rg BT 341.55 271.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 391.34 271.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 433.36 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.94 271.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 486.86 271.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 531.67 271.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 271.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 101.38 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.66 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.60 259.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 149.97 259.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 184.12 259.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 237.16 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.32 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.15 259.10 Td (products ) Tj ET Q q 0 0 0 rg BT 304.09 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.03 259.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 369.62 259.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 398.79 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.62 259.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 427.11 259.10 Td (materials. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Instability ) Tj ET Q q 0 0 0 rg BT 94.17 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.01 238.10 Td (international ) Tj ET Q q 0 0 0 rg BT 161.42 238.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 196.70 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 216.42 238.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 257.23 238.10 Td (af) Tj ET Q q 0 0 0 rg BT 265.38 238.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 282.87 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.82 238.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 339.83 238.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.56 238.10 Td (position ) Tj ET Q q 0 0 0 rg BT 414.85 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.91 238.10 Td (results ) Tj ET Q q 0 0 0 rg BT 462.64 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.47 238.10 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 223.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.94 223.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 102.67 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.97 223.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 155.61 223.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 187.36 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.55 223.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.74 223.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 253.14 223.10 Td (from ) Tj ET Q q 0 0 0 rg BT 275.45 223.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 297.75 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.39 223.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 351.80 223.10 Td (located ) Tj ET Q q 0 0 0 rg BT 383.54 223.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 415.29 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.37 223.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 451.02 223.10 Td (including ) Tj ET Q q 0 0 0 rg BT 491.65 223.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 531.17 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.18 223.10 Td (Asia, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.99 211.10 Td (Mediterranean ) Tj ET Q q 0 0 0 rg BT 124.07 211.10 Td (region ) Tj ET Q q 0 0 0 rg BT 151.40 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.61 211.10 Td (North, ) Tj ET Q q 0 0 0 rg BT 195.22 211.10 Td (Central ) Tj ET Q q 0 0 0 rg BT 226.43 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.65 211.10 Td (South ) Tj ET Q q 0 0 0 rg BT 267.37 211.10 Td (America. ) Tj ET Q q 0 0 0 rg BT 306.07 211.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 323.40 211.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 350.73 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.29 211.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 375.95 211.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.06 211.10 Td (products ) Tj ET Q q 0 0 0 rg BT 427.27 211.10 Td (profitably ) Tj ET Q q 0 0 0 rg BT 468.48 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.04 211.10 Td (international ) Tj ET Q q 0 0 0 rg BT 530.35 211.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.06 199.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 89.78 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.94 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.77 199.10 Td (number ) Tj ET Q q 0 0 0 rg BT 139.71 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.43 199.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 171.71 199.10 Td (including ) Tj ET Q q 0 0 0 rg BT 211.88 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.48 199.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 259.41 199.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 292.90 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.62 199.10 Td (political, ) Tj ET Q q 0 0 0 rg BT 341.28 199.10 Td (military) Tj ET Q q 0 0 0 rg BT 372.29 199.10 Td (, ) Tj ET Q q 0 0 0 rg BT 377.18 199.10 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 411.23 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.95 199.10 Td (major ) Tj ET Q q 0 0 0 rg BT 447.66 199.10 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 488.93 199.10 Td (events; ) Tj ET Q q 0 0 0 rg BT 519.64 199.10 Td (local ) Tj ET Q q 0 0 0 rg BT 541.46 199.10 Td (labor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.34 187.10 Td (social ) Tj ET Q q 0 0 0 rg BT 93.57 187.10 Td (issues; ) Tj ET Q q 0 0 0 rg BT 123.15 187.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 145.48 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.83 187.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 206.83 187.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 261.93 187.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.17 187.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 318.85 187.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 355.64 187.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.54 187.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 400.33 187.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 454.88 187.10 Td (including ) Tj ET Q q 0 0 0 rg BT 495.56 187.10 Td (quotas, ) Tj ET Q q 0 0 0 rg BT 527.08 187.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 543.55 187.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 553.68 187.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.43 175.10 Td (protectionist ) Tj ET Q q 0 0 0 rg BT 126.29 175.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 149.16 175.10 Td (barriers, ) Tj ET Q q 0 0 0 rg BT 185.07 175.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 218.49 175.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 233.58 175.10 Td (law ) Tj ET Q q 0 0 0 rg BT 250.90 175.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 288.49 175.10 Td (nationalization ) Tj ET Q q 0 0 0 rg BT 350.79 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.00 175.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 399.85 175.10 Td (restrictions; ) Tj ET Q q 0 0 0 rg BT 449.94 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.26 175.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 514.58 175.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.79 175.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 554.22 175.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 93.01 163.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 122.68 163.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.13 163.10 Td (customs ) Tj ET Q q 0 0 0 rg BT 170.37 163.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 218.91 163.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.70 163.10 Td (government ) Tj ET Q q 0 0 0 rg BT 279.92 163.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 319.12 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 337.12 163.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 383.43 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.22 163.10 Td (such ) Tj ET Q q 0 0 0 rg BT 415.00 163.10 Td (events ) Tj ET Q q 0 0 0 rg BT 443.01 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.90 163.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 504.02 163.10 Td (may ) Tj ET Q q 0 0 0 rg BT 523.69 163.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 151.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.90 151.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 129.79 151.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.28 151.10 Td (position ) Tj ET Q q 0 0 0 rg BT 202.00 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.94 151.10 Td (results ) Tj ET Q q 0 0 0 rg BT 247.55 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.38 151.10 Td (operations.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (15) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Changes in the availability or price of raw materials and end-of-life vehicles could reduce our sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.25 727.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 113.18 727.25 Td (require ) Tj ET Q q 0 0 0 rg BT 144.19 727.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 174.10 727.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 213.45 727.25 Td (that ) Tj ET Q q 0 0 0 rg BT 231.15 727.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.06 727.25 Td (sourced ) Tj ET Q q 0 0 0 rg BT 279.86 727.25 Td (from ) Tj ET Q q 0 0 0 rg BT 302.00 727.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 347.46 727.25 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 388.17 727.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 428.65 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.57 727.25 Td (syner) Tj ET Q q 0 0 0 rg BT 465.05 727.25 Td (gies ) Tj ET Q q 0 0 0 rg BT 483.86 727.25 Td (from ) Tj ET Q q 0 0 0 rg BT 506.00 727.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.03 727.25 Td (integrated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.51 715.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 119.57 715.25 Td (us ) Tj ET Q q 0 0 0 rg BT 131.32 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 141.94 715.25 Td (be ) Tj ET Q q 0 0 0 rg BT 154.23 715.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.41 715.25 Td (own ) Tj ET Q q 0 0 0 rg BT 190.49 715.25 Td (source ) Tj ET Q q 0 0 0 rg BT 219.44 715.25 Td (for ) Tj ET Q q 0 0 0 rg BT 233.95 715.25 Td (some ) Tj ET Q q 0 0 0 rg BT 257.91 715.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 275.75 715.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 317.75 715.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 366.69 715.25 Td (with ) Tj ET Q q 0 0 0 rg BT 387.32 715.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 418.48 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.11 715.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 453.06 715.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 478.12 715.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.63 715.25 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 519.11 715.25 Td (we ) Tj ET Q q 0 0 0 rg BT 533.62 715.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 552.01 715.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.35 703.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 112.26 703.25 Td (for ) Tj ET Q q 0 0 0 rg BT 126.72 703.25 Td (most ) Tj ET Q q 0 0 0 rg BT 148.97 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.11 703.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.24 703.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 194.03 703.25 Td (material ) Tj ET Q q 0 0 0 rg BT 229.59 703.25 Td (needs. ) Tj ET Q q 0 0 0 rg BT 257.67 703.25 Td (Industry ) Tj ET Q q 0 0 0 rg BT 293.80 703.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 323.27 703.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 367.74 703.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 407.74 703.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 440.54 703.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 464.74 703.25 Td (including ) Tj ET Q q 0 0 0 rg BT 505.31 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.33 703.25 Td (possibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.81 691.25 Td (shortages ) Tj ET Q q 0 0 0 rg BT 101.05 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.86 691.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 129.33 691.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 170.96 691.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 210.08 691.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.34 691.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 237.81 691.25 Td (material ) Tj ET Q q 0 0 0 rg BT 273.04 691.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.52 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.44 691.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 346.56 691.25 Td (control ) Tj ET Q q 0 0 0 rg BT 377.37 691.25 Td (over ) Tj ET Q q 0 0 0 rg BT 397.61 691.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 432.85 691.25 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 476.53 691.25 Td (W) Tj ET Q q 0 0 0 rg BT 485.17 691.25 Td (e ) Tj ET Q q 0 0 0 rg BT 492.08 691.25 Td (procure ) Tj ET Q q 0 0 0 rg BT 525.10 691.25 Td (our ) Tj ET Q q 0 0 0 rg BT 540.91 691.25 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 90.78 679.25 Td (from ) Tj ET Q q 0 0 0 rg BT 112.68 679.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 154.58 679.25 Td (sources. ) Tj ET Q q 0 0 0 rg BT 189.35 679.25 Td (These ) Tj ET Q q 0 0 0 rg BT 215.68 679.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 254.25 679.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 293.91 679.25 Td (are ) Tj ET Q q 0 0 0 rg BT 308.58 679.25 Td (not ) Tj ET Q q 0 0 0 rg BT 323.81 679.25 Td (bound ) Tj ET Q q 0 0 0 rg BT 351.27 679.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.73 679.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 405.62 679.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 444.18 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.07 679.25 Td (have ) Tj ET Q q 0 0 0 rg BT 482.41 679.25 Td (no ) Tj ET Q q 0 0 0 rg BT 494.87 679.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 537.88 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.11 679.25 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.53 667.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 98.17 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.38 667.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 122.21 667.25 Td (In ) Tj ET Q q 0 0 0 rg BT 132.97 667.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 164.84 667.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.60 667.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 215.24 667.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.01 667.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 251.21 667.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 274.74 667.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 299.38 667.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 328.19 667.25 Td (such ) Tj ET Q q 0 0 0 rg BT 348.95 667.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.71 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.36 667.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 414.00 667.25 Td (price ) Tj ET Q q 0 0 0 rg BT 436.42 667.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 489.39 667.25 Td (we ) Tj ET Q q 0 0 0 rg BT 503.49 667.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 554.22 667.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.03 655.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 96.41 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.22 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.81 655.25 Td (first ) Tj ET Q q 0 0 0 rg BT 146.30 655.25 Td (half ) Tj ET Q q 0 0 0 rg BT 164.22 655.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.92 655.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 198.96 655.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 223.83 655.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 262.31 655.25 Td (may ) Tj ET Q q 0 0 0 rg BT 281.91 655.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 303.15 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.31 655.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 333.46 655.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 356.94 655.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 381.52 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.68 655.25 Td (wait ) Tj ET Q q 0 0 0 rg BT 411.27 655.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.31 655.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 453.23 655.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 479.48 655.25 Td (or ) Tj ET Q q 0 0 0 rg BT 490.19 655.25 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 543.11 655.25 Td (slow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (their ) Tj ET Q q 0 0 0 rg BT 70.85 643.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 95.59 643.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 137.55 643.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 176.18 643.25 Td (tightening ) Tj ET Q q 0 0 0 rg BT 219.26 643.25 Td (supply) Tj ET Q q 0 0 0 rg BT 245.28 643.25 Td (. ) Tj ET Q q 0 0 0 rg BT 250.31 643.25 Td (If ) Tj ET Q q 0 0 0 rg BT 259.50 643.25 Td (a ) Tj ET Q q 0 0 0 rg BT 266.46 643.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 311.76 643.25 Td (number ) Tj ET Q q 0 0 0 rg BT 344.84 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.70 643.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 394.33 643.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 418.51 643.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 447.70 643.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 471.33 643.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 496.07 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.38 643.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 520.29 643.25 Td (we ) Tj ET Q q 0 0 0 rg BT 534.48 643.25 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 643.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 78.16 631.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.43 631.25 Td (recycle ) Tj ET Q q 0 0 0 rg BT 117.80 631.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 141.51 631.25 Td (at ) Tj ET Q q 0 0 0 rg BT 150.23 631.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 180.60 631.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 207.93 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.87 631.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.70 631.25 Td (results ) Tj ET Q q 0 0 0 rg BT 266.31 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.14 631.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.29 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.23 631.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.71 631.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 410.99 631.25 Td (could ) Tj ET Q q 0 0 0 rg BT 434.71 631.25 Td (be ) Tj ET Q q 0 0 0 rg BT 445.65 631.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 487.68 631.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 527.50 631.25 Td (af) Tj ET Q q 0 0 0 rg BT 535.09 631.25 Td (fected. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.15 619.25 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 102.75 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.56 619.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 153.81 619.25 Td (production ) Tj ET Q q 0 0 0 rg BT 199.62 619.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.88 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.58 619.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 244.85 619.25 Td (may ) Tj ET Q q 0 0 0 rg BT 264.54 619.25 Td (also ) Tj ET Q q 0 0 0 rg BT 283.13 619.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 312.26 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.96 619.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 356.11 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.92 619.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 407.18 619.25 Td (grades ) Tj ET Q q 0 0 0 rg BT 435.76 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.57 619.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 471.27 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.53 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.23 619.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 524.81 619.25 Td (recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (industry) Tj ET Q q 0 0 0 rg BT 82.13 607.25 Td (, ) Tj ET Q q 0 0 0 rg BT 88.26 607.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 126.89 607.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.30 607.25 Td (less ) Tj ET Q q 0 0 0 rg BT 156.93 607.25 Td (recyclable ) Tj ET Q q 0 0 0 rg BT 201.64 607.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 227.48 607.25 Td (available ) Tj ET Q q 0 0 0 rg BT 267.21 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.62 607.25 Td (process ) Tj ET Q q 0 0 0 rg BT 312.24 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.31 607.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 364.20 607.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 406.14 607.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 457.54 607.25 Td (for ) Tj ET Q q 0 0 0 rg BT 472.83 607.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 512.57 607.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 537.30 607.25 Td (metal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.31 595.25 Td (as ) Tj ET Q q 0 0 0 rg BT 101.17 595.25 Td (a ) Tj ET Q q 0 0 0 rg BT 108.15 595.25 Td (result ) Tj ET Q q 0 0 0 rg BT 132.90 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.77 595.25 Td (overcapacity ) Tj ET Q q 0 0 0 rg BT 197.38 595.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.70 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.45 595.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 246.08 595.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 285.82 595.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 321.13 595.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.45 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.20 595.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 366.52 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.49 595.25 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 418.51 595.25 Td (may ) Tj ET Q q 0 0 0 rg BT 438.27 595.25 Td (also ) Tj ET Q q 0 0 0 rg BT 456.91 595.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 486.09 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.84 595.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 530.05 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.92 595.25 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 75.24 583.25 Td (available ) Tj ET Q q 0 0 0 rg BT 114.35 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.16 583.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 139.58 583.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 170.93 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.73 583.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 209.75 583.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.22 583.25 Td (steady ) Tj ET Q q 0 0 0 rg BT 245.79 583.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 275.49 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.84 583.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 310.97 583.25 Td (material ) Tj ET Q q 0 0 0 rg BT 346.75 583.25 Td (could ) Tj ET Q q 0 0 0 rg BT 372.00 583.25 Td (both ) Tj ET Q q 0 0 0 rg BT 392.80 583.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 434.14 583.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 464.38 583.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.74 583.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 509.32 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.12 583.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 542.58 583.25 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 107.80 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.59 571.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 155.60 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.29 571.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.41 571.25 Td (mar) Tj ET Q q 0 0 0 rg BT 228.77 571.25 Td (gins. ) Tj ET Q q 0 0 0 rg BT 251.30 571.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 282.99 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.12 571.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 322.48 571.25 Td (an ) Tj ET Q q 0 0 0 rg BT 335.27 571.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 374.16 571.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 404.19 571.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.88 571.25 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 461.99 571.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 498.12 571.25 Td (could ) Tj ET Q q 0 0 0 rg BT 523.69 571.25 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.50 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 95.11 559.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 122.95 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.01 559.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 160.27 559.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 203.10 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.83 559.25 Td (char) Tj ET Q q 0 0 0 rg BT 236.85 559.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 248.58 559.25 Td (admission ) Tj ET Q q 0 0 0 rg BT 291.42 559.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 309.80 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.52 559.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 355.45 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.07 559.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 392.79 559.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 417.01 559.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 447.62 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.68 559.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 484.96 559.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 502.24 559.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 543.67 559.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.49 547.25 Td (alloys ) Tj ET Q q 0 0 0 rg BT 86.54 547.25 Td (used ) Tj ET Q q 0 0 0 rg BT 107.04 547.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.98 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.36 547.25 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 185.17 547.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 219.82 547.25 Td (could ) Tj ET Q q 0 0 0 rg BT 244.20 547.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 284.68 547.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.06 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 329.55 547.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 357.27 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.21 547.25 Td (make ) Tj ET Q q 0 0 0 rg BT 391.03 547.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 411.51 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.46 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.83 547.25 Td (specifications ) Tj ET Q q 0 0 0 rg BT 492.98 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.47 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.96 547.25 Td (customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Significant decreases in scrap metal prices may adversely impact our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.51 511.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 95.58 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.98 511.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 156.15 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.44 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.61 511.25 Td (cycles ) Tj ET Q q 0 0 0 rg BT 207.56 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.30 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.47 511.25 Td (industries ) Tj ET Q q 0 0 0 rg BT 272.32 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.06 511.25 Td (which ) Tj ET Q q 0 0 0 rg BT 308.46 511.25 Td (we ) Tj ET Q q 0 0 0 rg BT 322.07 511.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 353.46 511.25 Td (are ) Tj ET Q q 0 0 0 rg BT 367.62 511.25 Td (dif) Tj ET Q q 0 0 0 rg BT 378.55 511.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 401.62 511.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.35 511.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 441.08 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.47 511.25 Td (are ) Tj ET Q q 0 0 0 rg BT 471.64 511.25 Td (influenced ) Tj ET Q q 0 0 0 rg BT 515.80 511.25 Td (by ) Tj ET Q q 0 0 0 rg BT 527.76 511.25 Td (dif) Tj ET Q q 0 0 0 rg BT 538.69 511.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.46 499.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 133.71 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.08 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.89 499.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 194.58 499.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 226.43 499.25 Td (where ) Tj ET Q q 0 0 0 rg BT 252.45 499.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.70 499.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 302.27 499.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 333.29 499.25 Td (our ) Tj ET Q q 0 0 0 rg BT 348.20 499.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 364.78 499.25 Td (materials, ) Tj ET Q q 0 0 0 rg BT 405.52 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.55 499.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 452.01 499.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 487.76 499.25 Td (where ) Tj ET Q q 0 0 0 rg BT 513.77 499.25 Td (we ) Tj ET Q q 0 0 0 rg BT 527.02 499.25 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 66.93 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.18 487.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 119.10 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.47 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 146.84 487.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 186.82 487.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 225.95 487.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.87 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 267.57 487.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 291.70 487.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 316.95 487.25 Td (including ) Tj ET Q q 0 0 0 rg BT 357.77 487.25 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 403.56 487.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 439.36 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.84 487.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 486.54 487.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.46 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 528.16 487.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 74.07 475.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 99.26 475.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.44 475.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 147.41 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.82 475.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 197.24 475.25 Td (our ) Tj ET Q q 0 0 0 rg BT 213.54 475.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 247.34 475.25 Td (In ) Tj ET Q q 0 0 0 rg BT 258.65 475.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 286.04 475.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 312.62 475.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 361.68 475.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 386.31 475.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 409.29 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.70 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 475.25 Td (first ) Tj ET Q q 0 0 0 rg BT 460.98 475.25 Td (half ) Tj ET Q q 0 0 0 rg BT 479.50 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.80 475.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 515.43 475.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 540.91 475.25 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.33 463.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 100.32 463.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 150.74 463.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.29 463.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 201.62 463.25 Td (downward ) Tj ET Q q 0 0 0 rg BT 245.95 463.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 268.62 463.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 297.94 463.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 337.27 463.25 Td (by ) Tj ET Q q 0 0 0 rg BT 349.38 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.72 463.25 Td (weak ) Tj ET Q q 0 0 0 rg BT 386.93 463.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 452.91 463.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 496.69 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.24 463.25 Td (global ) Tj ET Q q 0 0 0 rg BT 540.36 463.25 Td (steel-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (making ) Tj ET Q q 0 0 0 rg BT 82.54 451.25 Td (overcapacity) Tj ET Q q 0 0 0 rg BT 132.97 451.25 Td (, ) Tj ET Q q 0 0 0 rg BT 138.02 451.25 Td (which ) Tj ET Q q 0 0 0 rg BT 165.01 451.25 Td (was ) Tj ET Q q 0 0 0 rg BT 183.11 451.25 Td (further ) Tj ET Q q 0 0 0 rg BT 212.87 451.25 Td (exacerbated ) Tj ET Q q 0 0 0 rg BT 263.15 451.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.70 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.47 451.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 320.23 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.11 451.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 356.43 451.25 Td (iron ) Tj ET Q q 0 0 0 rg BT 375.08 451.25 Td (ore ) Tj ET Q q 0 0 0 rg BT 390.40 451.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 419.33 451.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.31 451.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 443.85 451.25 Td (material ) Tj ET Q q 0 0 0 rg BT 479.16 451.25 Td (used ) Tj ET Q q 0 0 0 rg BT 500.04 451.25 Td (in ) Tj ET Q q 0 0 0 rg BT 510.37 451.25 Td (steel-making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.76 439.25 Td (blast ) Tj ET Q q 0 0 0 rg BT 82.64 439.25 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 119.49 439.25 Td (which ) Tj ET Q q 0 0 0 rg BT 146.91 439.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 183.77 439.25 Td (with ) Tj ET Q q 0 0 0 rg BT 204.54 439.25 Td (EAF ) Tj ET Q q 0 0 0 rg BT 226.41 439.25 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 281.05 439.25 Td (production ) Tj ET Q q 0 0 0 rg BT 327.36 439.25 Td (that ) Tj ET Q q 0 0 0 rg BT 345.34 439.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 365.55 439.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 396.86 439.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 420.94 439.25 Td (as ) Tj ET Q q 0 0 0 rg BT 432.26 439.25 Td (its ) Tj ET Q q 0 0 0 rg BT 444.69 439.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 479.33 439.25 Td (feedstock. ) Tj ET Q q 0 0 0 rg BT 522.92 439.25 Td (While ) Tj ET Q q 0 0 0 rg BT 550.34 439.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 82.63 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.04 427.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 127.34 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.75 427.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 177.04 427.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 213.54 427.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 237.27 427.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 262.12 427.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 291.42 427.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 317.93 427.25 Td (through ) Tj ET Q q 0 0 0 rg BT 351.68 427.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 402.09 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.50 427.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.47 427.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 453.32 427.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 491.49 427.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 520.50 427.25 Td (our ) Tj ET Q q 0 0 0 rg BT 536.47 427.25 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.44 415.25 Td (do ) Tj ET Q q 0 0 0 rg BT 73.10 415.25 Td (so ) Tj ET Q q 0 0 0 rg BT 84.65 415.25 Td (is ) Tj ET Q q 0 0 0 rg BT 93.98 415.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 124.98 415.25 Td (by ) Tj ET Q q 0 0 0 rg BT 137.64 415.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 187.50 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.60 415.25 Td (other ) Tj ET Q q 0 0 0 rg BT 227.81 415.25 Td (market ) Tj ET Q q 0 0 0 rg BT 258.24 415.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 290.02 415.25 Td (As ) Tj ET Q q 0 0 0 rg BT 303.79 415.25 Td (a ) Tj ET Q q 0 0 0 rg BT 310.89 415.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 338.27 415.25 Td (we ) Tj ET Q q 0 0 0 rg BT 352.59 415.25 Td (may ) Tj ET Q q 0 0 0 rg BT 372.47 415.25 Td (not ) Tj ET Q q 0 0 0 rg BT 387.91 415.25 Td (be ) Tj ET Q q 0 0 0 rg BT 400.01 415.25 Td (able ) Tj ET Q q 0 0 0 rg BT 419.32 415.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.76 415.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 459.07 415.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.06 415.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 499.94 415.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 538.13 415.25 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.19 403.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 81.49 403.25 Td (of) Tj ET Q q 0 0 0 rg BT 89.64 403.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 106.49 403.25 Td (a ) Tj ET Q q 0 0 0 rg BT 113.34 403.25 Td (sharp ) Tj ET Q q 0 0 0 rg BT 137.41 403.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 177.58 403.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.77 403.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 224.04 403.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 247.55 403.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 272.18 403.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 294.03 403.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 322.82 403.25 Td (which ) Tj ET Q q 0 0 0 rg BT 349.67 403.25 Td (may ) Tj ET Q q 0 0 0 rg BT 369.29 403.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 410.02 403.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 439.64 403.25 Td (our ) Tj ET Q q 0 0 0 rg BT 455.38 403.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 495.56 403.25 Td (income ) Tj ET Q q 0 0 0 rg BT 527.40 403.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.25 403.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 76.98 391.25 Td (For ) Tj ET Q q 0 0 0 rg BT 93.13 391.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 131.76 391.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.80 391.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 165.71 391.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 187.97 391.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.67 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.14 391.25 Td (first ) Tj ET Q q 0 0 0 rg BT 237.51 391.25 Td (half ) Tj ET Q q 0 0 0 rg BT 255.31 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.90 391.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 289.81 391.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 314.57 391.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 339.60 391.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 373.51 391.25 Td (for ) Tj ET Q q 0 0 0 rg BT 387.43 391.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 423.55 391.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 446.91 391.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 471.38 391.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 503.62 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.65 391.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 547.57 391.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 100.78 379.25 Td (for ) Tj ET Q q 0 0 0 rg BT 115.45 379.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 145.14 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.48 379.25 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 208.92 379.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 233.03 379.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 258.26 379.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.05 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.28 379.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 323.39 379.25 Td (market ) Tj ET Q q 0 0 0 rg BT 354.17 379.25 Td (compressed ) Tj ET Q q 0 0 0 rg BT 404.39 379.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 445.17 379.25 Td (mar) Tj ET Q q 0 0 0 rg BT 460.53 379.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 480.21 379.25 Td (due ) Tj ET Q q 0 0 0 rg BT 497.67 379.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.46 379.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 538.13 379.25 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.25 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 95.67 367.25 Td (at ) Tj ET Q q 0 0 0 rg BT 105.80 367.25 Td (a ) Tj ET Q q 0 0 0 rg BT 113.16 367.25 Td (faster ) Tj ET Q q 0 0 0 rg BT 138.28 367.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 156.18 367.25 Td (than ) Tj ET Q q 0 0 0 rg BT 176.32 367.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 214.77 367.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 241.56 367.25 Td (for ) Tj ET Q q 0 0 0 rg BT 256.14 367.25 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 308.49 367.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 332.50 367.25 Td (metal. ) Tj ET Q q 0 0 0 rg BT 360.13 367.25 Td (In ) Tj ET Q q 0 0 0 rg BT 371.38 367.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 409.57 367.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.92 367.25 Td (rapid ) Tj ET Q q 0 0 0 rg BT 440.38 367.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 477.72 367.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.41 367.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 517.99 367.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 544.79 367.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.25 Td (compress ) Tj ET Q q 0 0 0 rg BT 89.34 355.25 Td (our ) Tj ET Q q 0 0 0 rg BT 104.24 355.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 143.58 355.25 Td (mar) Tj ET Q q 0 0 0 rg BT 158.94 355.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 177.18 355.25 Td (due ) Tj ET Q q 0 0 0 rg BT 193.19 355.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.54 355.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.33 355.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 245.11 355.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.02 355.25 Td (average ) Tj ET Q q 0 0 0 rg BT 287.67 355.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 327.57 355.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 345.25 355.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 393.19 355.25 Td (which ) Tj ET Q q 0 0 0 rg BT 419.20 355.25 Td (causes ) Tj ET Q q 0 0 0 rg BT 446.87 355.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 464.55 355.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.45 355.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 499.91 355.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 518.16 355.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 343.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 130.27 343.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 176.65 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.48 343.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 233.86 343.25 Td (to ) Tj ET Q q 0 0 0 rg BT 244.14 343.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 281.05 343.25 Td (at ) Tj ET Q q 0 0 0 rg BT 290.77 343.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.71 343.25 Td (slower ) Tj ET Q q 0 0 0 rg BT 326.87 343.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 344.35 343.25 Td (than ) Tj ET Q q 0 0 0 rg BT 364.07 343.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 388.78 343.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 426.82 343.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 453.19 343.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.13 343.25 Td (net ) Tj ET Q q 0 0 0 rg BT 484.85 343.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 514.01 343.25 Td (prices. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Imbalances in supply and demand conditions in the global steel industry may reduce demand for our products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 92.24 307.25 Td (expansions ) Tj ET Q q 0 0 0 rg BT 138.37 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.50 307.25 Td (contractions ) Tj ET Q q 0 0 0 rg BT 205.06 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.54 307.25 Td (global ) Tj ET Q q 0 0 0 rg BT 241.22 307.25 Td (economies ) Tj ET Q q 0 0 0 rg BT 285.68 307.25 Td (can ) Tj ET Q q 0 0 0 rg BT 301.25 307.25 Td (result ) Tj ET Q q 0 0 0 rg BT 325.16 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.63 307.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 363.00 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.13 307.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 412.48 307.25 Td (imbalances ) Tj ET Q q 0 0 0 rg BT 459.15 307.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.62 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.53 307.25 Td (global ) Tj ET Q q 0 0 0 rg BT 509.22 307.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 529.24 307.25 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.94 295.25 Td (can ) Tj ET Q q 0 0 0 rg BT 82.77 295.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 134.71 295.25 Td (af) Tj ET Q q 0 0 0 rg BT 142.30 295.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 159.23 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.40 295.25 Td (price ) Tj ET Q q 0 0 0 rg BT 195.34 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.62 295.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 259.23 295.25 Td (used ) Tj ET Q q 0 0 0 rg BT 279.51 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.89 295.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 314.51 295.25 Td (by ) Tj ET Q q 0 0 0 rg BT 326.46 295.25 Td (our ) Tj ET Q q 0 0 0 rg BT 341.74 295.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 380.08 295.25 Td (as ) Tj ET Q q 0 0 0 rg BT 390.36 295.25 Td (well ) Tj ET Q q 0 0 0 rg BT 409.53 295.25 Td (as ) Tj ET Q q 0 0 0 rg BT 419.81 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.98 295.25 Td (price ) Tj ET Q q 0 0 0 rg BT 455.91 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.19 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.58 295.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 516.18 295.25 Td (for ) Tj ET Q q 0 0 0 rg BT 529.79 295.25 Td (finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.07 283.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 108.75 283.25 Td (In ) Tj ET Q q 0 0 0 rg BT 118.82 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 125.00 283.25 Td (number ) Tj ET Q q 0 0 0 rg BT 157.29 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.36 283.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 197.98 283.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 238.88 283.25 Td (such ) Tj ET Q q 0 0 0 rg BT 258.95 283.25 Td (as ) Tj ET Q q 0 0 0 rg BT 269.02 283.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 297.15 283.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 317.22 283.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 358.39 283.25 Td (are ) Tj ET Q q 0 0 0 rg BT 372.34 283.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 411.28 283.25 Td (government-owned ) Tj ET Q q 0 0 0 rg BT 490.78 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.96 283.25 Td (may ) Tj ET Q q 0 0 0 rg BT 525.92 283.25 Td (therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (make ) Tj ET Q q 0 0 0 rg BT 73.23 271.25 Td (production ) Tj ET Q q 0 0 0 rg BT 118.14 271.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 156.93 271.25 Td (based ) Tj ET Q q 0 0 0 rg BT 181.28 271.25 Td (on ) Tj ET Q q 0 0 0 rg BT 192.86 271.25 Td (political ) Tj ET Q q 0 0 0 rg BT 227.21 271.25 Td (or ) Tj ET Q q 0 0 0 rg BT 237.11 271.25 Td (other ) Tj ET Q q 0 0 0 rg BT 259.24 271.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 288.03 271.25 Td (that ) Tj ET Q q 0 0 0 rg BT 304.60 271.25 Td (do ) Tj ET Q q 0 0 0 rg BT 316.18 271.25 Td (not ) Tj ET Q q 0 0 0 rg BT 330.54 271.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 357.65 271.25 Td (free ) Tj ET Q q 0 0 0 rg BT 374.76 271.25 Td (market ) Tj ET Q q 0 0 0 rg BT 404.10 271.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 449.85 271.25 Td (In ) Tj ET Q q 0 0 0 rg BT 459.76 271.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 485.76 271.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 510.94 271.25 Td (overcapacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 259.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 94.54 259.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 114.87 259.25 Td (production ) Tj ET Q q 0 0 0 rg BT 160.20 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.98 259.25 Td (these ) Tj ET Q q 0 0 0 rg BT 192.53 259.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 223.41 259.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 262.07 259.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 295.73 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.51 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.73 259.25 Td (export ) Tj ET Q q 0 0 0 rg BT 347.28 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.62 259.25 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 409.61 259.25 Td (priced ) Tj ET Q q 0 0 0 rg BT 436.59 259.25 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 493.03 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.47 259.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 543.69 259.25 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 88.94 247.25 Td (This ) Tj ET Q q 0 0 0 rg BT 108.88 247.25 Td (led ) Tj ET Q q 0 0 0 rg BT 123.25 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.18 247.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 179.79 247.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.73 247.25 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 243.53 247.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 287.35 247.25 Td (within ) Tj ET Q q 0 0 0 rg BT 315.06 247.25 Td (other ) Tj ET Q q 0 0 0 rg BT 337.76 247.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 379.08 247.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 422.88 247.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 465.03 247.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 498.84 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 512.66 247.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.15 247.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.45 235.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 98.01 235.25 Td (products ) Tj ET Q q 0 0 0 rg BT 134.79 235.25 Td (used ) Tj ET Q q 0 0 0 rg BT 155.47 235.25 Td (by ) Tj ET Q q 0 0 0 rg BT 167.82 235.25 Td (EAF ) Tj ET Q q 0 0 0 rg BT 189.06 235.25 Td (mills ) Tj ET Q q 0 0 0 rg BT 211.42 235.25 Td (globally ) Tj ET Q q 0 0 0 rg BT 246.54 235.25 Td (as ) Tj ET Q q 0 0 0 rg BT 257.22 235.25 Td (their ) Tj ET Q q 0 0 0 rg BT 277.89 235.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 311.89 235.25 Td (feedstock. ) Tj ET Q q 0 0 0 rg BT 355.06 235.25 Td (Further) Tj ET Q q 0 0 0 rg BT 384.10 235.25 Td (, ) Tj ET Q q 0 0 0 rg BT 388.95 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.51 235.25 Td (import ) Tj ET Q q 0 0 0 rg BT 432.52 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.20 235.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 474.43 235.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 495.10 235.25 Td (products ) Tj ET Q q 0 0 0 rg BT 531.89 235.25 Td (into ) Tj ET Q q 0 0 0 rg BT 549.79 235.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.89 223.25 Td (at ) Tj ET Q q 0 0 0 rg BT 79.22 223.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 116.88 223.25 Td (aggressive ) Tj ET Q q 0 0 0 rg BT 161.20 223.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 187.18 223.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 227.61 223.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 266.37 223.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 287.92 223.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 313.90 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.45 223.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 352.00 223.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 387.99 223.25 Td (at ) Tj ET Q q 0 0 0 rg BT 397.32 223.25 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 423.05 223.25 Td (Existing ) Tj ET Q q 0 0 0 rg BT 458.50 223.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 480.59 223.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 501.03 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.58 223.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (may ) Tj ET Q q 0 0 0 rg BT 68.79 211.25 Td (be ) Tj ET Q q 0 0 0 rg BT 79.79 211.25 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 124.67 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.02 211.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 165.57 211.25 Td (disadvantageous ) Tj ET Q q 0 0 0 rg BT 233.24 211.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 254.79 211.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 294.39 211.25 Td (which ) Tj ET Q q 0 0 0 rg BT 320.40 211.25 Td (could ) Tj ET Q q 0 0 0 rg BT 344.18 211.25 Td (have ) Tj ET Q q 0 0 0 rg BT 364.63 211.25 Td (a ) Tj ET Q q 0 0 0 rg BT 370.64 211.25 Td (material ) Tj ET Q q 0 0 0 rg BT 404.97 211.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 437.07 211.25 Td (ef) Tj ET Q q 0 0 0 rg BT 444.66 211.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 461.21 211.25 Td (on ) Tj ET Q q 0 0 0 rg BT 472.78 211.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.68 211.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.23 211.25 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.34 199.25 Td (results ) Tj ET Q q 0 0 0 rg BT 96.35 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.58 199.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 153.99 199.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 194.67 199.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 217.56 199.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 264.89 199.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 295.56 199.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.79 199.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 338.57 199.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 365.36 199.25 Td (on ) Tj ET Q q 0 0 0 rg BT 378.26 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.38 199.25 Td (importation ) Tj ET Q q 0 0 0 rg BT 442.94 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.17 199.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.27 199.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 524.11 199.25 Td (if ) Tj ET Q q 0 0 0 rg BT 533.12 199.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.42 187.25 Td (production ) Tj ET Q q 0 0 0 rg BT 115.84 187.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 167.93 187.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 201.67 187.25 Td (consumption ) Tj ET Q q 0 0 0 rg BT 255.43 187.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.31 187.25 Td (those ) Tj ET Q q 0 0 0 rg BT 288.51 187.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 329.76 187.25 Td (global ) Tj ET Q q 0 0 0 rg BT 356.85 187.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 390.61 187.25 Td (for ) Tj ET Q q 0 0 0 rg BT 404.36 187.25 Td (our ) Tj ET Q q 0 0 0 rg BT 419.79 187.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 455.75 187.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 478.94 187.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 503.25 187.25 Td (products ) Tj ET Q q 0 0 0 rg BT 539.78 187.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 80.67 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.91 175.25 Td (imports ) Tj ET Q q 0 0 0 rg BT 129.27 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.40 175.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 159.53 175.25 Td (products ) Tj ET Q q 0 0 0 rg BT 195.77 175.25 Td (into ) Tj ET Q q 0 0 0 rg BT 213.12 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.14 175.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 246.72 175.25 Td (could ) Tj ET Q q 0 0 0 rg BT 270.74 175.25 Td (increase, ) Tj ET Q q 0 0 0 rg BT 307.80 175.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 344.59 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.17 175.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 378.74 175.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 414.43 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.67 175.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 459.13 175.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 484.81 175.25 Td (for ) Tj ET Q q 0 0 0 rg BT 497.88 175.25 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 528.15 175.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.71 163.25 Td (products ) Tj ET Q q 0 0 0 rg BT 111.65 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.59 163.25 Td (SMB) Tj ET Q q 0 0 0 rg BT 152.49 163.25 Td (s ) Tj ET Q q 0 0 0 rg BT 158.88 163.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 193.60 163.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 214.42 163.25 Td (products.) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (16) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.73 742.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 140.01 742.25 Td (charges ) Tj ET Q q 0 0 0 rg BT 174.73 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 194.45 742.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 235.26 742.25 Td (af) Tj ET Q q 0 0 0 rg BT 243.41 742.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 260.90 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 277.85 742.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 319.80 742.25 Td (results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 90.99 727.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 134.73 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.15 727.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 179.46 727.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 218.20 727.25 Td (price ) Tj ET Q q 0 0 0 rg BT 241.40 727.25 Td (over ) Tj ET Q q 0 0 0 rg BT 262.37 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.79 727.25 Td (net ) Tj ET Q q 0 0 0 rg BT 293.22 727.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 326.42 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.96 727.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 386.70 727.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 413.24 727.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 450.87 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.52 727.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.94 727.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 546.58 727.25 Td (in ) Tj ET Q q 0 0 0 rg BT 557.57 727.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (business ) Tj ET Q q 0 0 0 rg BT 85.30 715.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 136.69 715.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 176.41 715.25 Td (at ) Tj ET Q q 0 0 0 rg BT 185.04 715.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.32 715.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 225.78 715.25 Td (W) Tj ET Q q 0 0 0 rg BT 234.41 715.25 Td (e ) Tj ET Q q 0 0 0 rg BT 240.26 715.25 Td (have ) Tj ET Q q 0 0 0 rg BT 260.54 715.25 Td (a ) Tj ET Q q 0 0 0 rg BT 266.38 715.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 310.56 715.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.96 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.70 715.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 388.66 715.25 Td (on ) Tj ET Q q 0 0 0 rg BT 400.07 715.25 Td (our ) Tj ET Q q 0 0 0 rg BT 414.80 715.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 446.74 715.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 468.69 715.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 508.96 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.14 715.25 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.16 703.25 Td (our ) Tj ET Q q 0 0 0 rg BT 85.88 703.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 136.03 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.86 703.25 Td (business ) Tj ET Q q 0 0 0 rg BT 189.13 703.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 219.85 703.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 250.85 703.25 Td (. ) Tj ET Q q 0 0 0 rg BT 255.57 703.25 Td (W) Tj ET Q q 0 0 0 rg BT 264.20 703.25 Td (e ) Tj ET Q q 0 0 0 rg BT 271.03 703.25 Td (test ) Tj ET Q q 0 0 0 rg BT 287.30 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.90 703.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 339.84 703.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 376.65 703.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 415.12 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.28 703.25 Td (our ) Tj ET Q q 0 0 0 rg BT 441.00 703.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 480.04 703.25 Td (units ) Tj ET Q q 0 0 0 rg BT 501.87 703.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 703.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.15 691.25 Td (an ) Tj ET Q q 0 0 0 rg BT 73.74 691.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 102.54 691.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 124.69 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.27 691.25 Td (when ) Tj ET Q q 0 0 0 rg BT 165.08 691.25 Td (events ) Tj ET Q q 0 0 0 rg BT 192.78 691.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 217.13 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.61 691.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 286.40 691.25 Td (change ) Tj ET Q q 0 0 0 rg BT 316.87 691.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.01 691.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 367.81 691.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.95 691.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.32 691.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 415.34 691.25 Td (value ) Tj ET Q q 0 0 0 rg BT 439.15 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.62 691.25 Td (one ) Tj ET Q q 0 0 0 rg BT 466.21 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 476.69 691.25 Td (more ) Tj ET Q q 0 0 0 rg BT 499.38 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.86 691.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.34 691.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (units ) Tj ET Q q 0 0 0 rg BT 71.22 679.25 Td (may ) Tj ET Q q 0 0 0 rg BT 90.21 679.25 Td (be ) Tj ET Q q 0 0 0 rg BT 101.41 679.25 Td (below ) Tj ET Q q 0 0 0 rg BT 127.62 679.25 Td (its ) Tj ET Q q 0 0 0 rg BT 138.84 679.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 173.93 679.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 207.80 679.25 Td (A) Tj ET Q q 0 0 0 rg BT 214.47 679.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.24 679.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 246.88 679.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.43 679.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.42 679.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 299.40 679.25 Td (market ) Tj ET Q q 0 0 0 rg BT 328.94 679.25 Td (price ) Tj ET Q q 0 0 0 rg BT 350.69 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.79 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 375.89 679.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.77 679.25 Td (could ) Tj ET Q q 0 0 0 rg BT 422.76 679.25 Td (denote ) Tj ET Q q 0 0 0 rg BT 451.18 679.25 Td (a ) Tj ET Q q 0 0 0 rg BT 457.39 679.25 Td (triggering ) Tj ET Q q 0 0 0 rg BT 498.60 679.25 Td (event ) Tj ET Q q 0 0 0 rg BT 522.02 679.25 Td (indicating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.41 667.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 105.38 667.25 Td (may ) Tj ET Q q 0 0 0 rg BT 125.01 667.25 Td (be ) Tj ET Q q 0 0 0 rg BT 136.86 667.25 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 177.14 667.25 Td (When ) Tj ET Q q 0 0 0 rg BT 203.43 667.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 232.51 667.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 270.48 667.25 Td (for ) Tj ET Q q 0 0 0 rg BT 284.56 667.25 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 335.57 667.25 Td (we ) Tj ET Q q 0 0 0 rg BT 349.64 667.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 392.04 667.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.33 667.25 Td (value ) Tj ET Q q 0 0 0 rg BT 432.39 667.25 Td (using ) Tj ET Q q 0 0 0 rg BT 456.48 667.25 Td (an ) Tj ET Q q 0 0 0 rg BT 468.33 667.25 Td (income ) Tj ET Q q 0 0 0 rg BT 500.18 667.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 539.24 667.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.76 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.74 655.25 Td (present ) Tj ET Q q 0 0 0 rg BT 109.38 655.25 Td (value ) Tj ET Q q 0 0 0 rg BT 133.79 655.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.89 655.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 183.18 655.25 Td (future ) Tj ET Q q 0 0 0 rg BT 209.82 655.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.35 655.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 255.33 655.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 291.42 655.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.62 655.25 Td (market-based ) Tj ET Q q 0 0 0 rg BT 355.24 655.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 394.66 655.25 Td (average ) Tj ET Q q 0 0 0 rg BT 428.51 655.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 447.38 655.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.47 655.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 487.88 655.25 Td (\(W) Tj ET Q q 0 0 0 rg BT 503.98 655.25 Td (ACC\). ) Tj ET Q q 0 0 0 rg BT 537.57 655.25 Td (Given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.32 643.25 Td (market ) Tj ET Q q 0 0 0 rg BT 97.40 643.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 123.60 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.25 643.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.90 643.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 188.88 643.25 Td (units ) Tj ET Q q 0 0 0 rg BT 210.65 643.25 Td (are ) Tj ET Q q 0 0 0 rg BT 225.17 643.25 Td (not ) Tj ET Q q 0 0 0 rg BT 240.27 643.25 Td (readily ) Tj ET Q q 0 0 0 rg BT 270.36 643.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 311.27 643.25 Td (we ) Tj ET Q q 0 0 0 rg BT 325.25 643.25 Td (make ) Tj ET Q q 0 0 0 rg BT 349.22 643.25 Td (various ) Tj ET Q q 0 0 0 rg BT 380.98 643.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 420.52 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.27 643.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 489.04 643.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.14 643.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 549.78 643.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 67.25 631.25 Td (value ) Tj ET Q q 0 0 0 rg BT 92.29 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.00 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.59 631.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 159.62 631.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 184.95 631.25 Td (including ) Tj ET Q q 0 0 0 rg BT 226.10 631.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 271.14 631.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 306.16 631.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 337.87 631.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 362.63 631.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 403.77 631.25 Td (mar) Tj ET Q q 0 0 0 rg BT 419.13 631.25 Td (gins, ) Tj ET Q q 0 0 0 rg BT 441.68 631.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 471.71 631.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 528.68 631.25 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.99 619.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 136.02 619.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.58 619.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 174.29 619.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 209.94 619.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 240.61 619.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 264.32 619.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 300.54 619.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 320.36 619.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 354.36 619.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 397.78 619.25 Td (with ) Tj ET Q q 0 0 0 rg BT 417.90 619.25 Td (a ) Tj ET Q q 0 0 0 rg BT 424.67 619.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 455.88 619.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 502.09 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.86 619.25 Td (syner) Tj ET Q q 0 0 0 rg BT 540.34 619.25 Td (gistic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.73 607.25 Td (available ) Tj ET Q q 0 0 0 rg BT 121.89 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.75 607.25 Td (market ) Tj ET Q q 0 0 0 rg BT 161.59 607.25 Td (participants. ) Tj ET Q q 0 0 0 rg BT 212.66 607.25 Td (W) Tj ET Q q 0 0 0 rg BT 221.30 607.25 Td (e ) Tj ET Q q 0 0 0 rg BT 227.81 607.25 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 275.97 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.27 607.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 329.00 607.25 Td (units) Tj ET Q q 0 0 0 rg BT 351.03 607.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.11 607.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 392.39 607.25 Td (using ) Tj ET Q q 0 0 0 rg BT 416.14 607.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.65 607.25 Td (market ) Tj ET Q q 0 0 0 rg BT 452.49 607.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 491.21 607.25 Td (based ) Tj ET Q q 0 0 0 rg BT 516.06 607.25 Td (on ) Tj ET Q q 0 0 0 rg BT 528.13 607.25 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.79 595.25 Td (data ) Tj ET Q q 0 0 0 rg BT 104.90 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.79 595.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.69 595.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 186.12 595.25 Td (between ) Tj ET Q q 0 0 0 rg BT 221.89 595.25 Td (our ) Tj ET Q q 0 0 0 rg BT 237.68 595.25 Td (market ) Tj ET Q q 0 0 0 rg BT 267.90 595.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 324.21 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.11 595.25 Td (our ) Tj ET Q q 0 0 0 rg BT 356.89 595.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 392.67 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.46 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.13 595.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 459.45 595.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 475.78 595.25 Td (value ) Tj ET Q q 0 0 0 rg BT 499.89 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.68 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.35 595.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 74.17 583.25 Td (including ) Tj ET Q q 0 0 0 rg BT 114.16 583.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 170.25 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.80 583.25 Td (a ) Tj ET Q q 0 0 0 rg BT 187.45 583.25 Td (control ) Tj ET Q q 0 0 0 rg BT 218.00 583.25 Td (premium. ) Tj ET Q q 0 0 0 rg BT 258.82 583.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 277.15 583.25 Td (value ) Tj ET Q q 0 0 0 rg BT 301.02 583.25 Td (determinations ) Tj ET Q q 0 0 0 rg BT 362.67 583.25 Td (require ) Tj ET Q q 0 0 0 rg BT 393.20 583.25 Td (considerable ) Tj ET Q q 0 0 0 rg BT 445.95 583.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 485.94 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.60 583.25 Td (are ) Tj ET Q q 0 0 0 rg BT 517.02 583.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 554.24 583.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 85.26 571.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 138.85 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.79 571.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.50 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.78 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.49 571.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 255.21 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.14 571.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 324.09 571.25 Td (described ) Tj ET Q q 0 0 0 rg BT 364.91 571.25 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.44 550.25 Td (second ) Tj ET Q q 0 0 0 rg BT 102.66 550.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.42 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.20 550.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 165.30 550.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 189.25 550.25 Td (management ) Tj ET Q q 0 0 0 rg BT 241.79 550.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 281.56 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.22 550.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 346.66 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.44 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.32 550.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 405.98 550.25 Td (further ) Tj ET Q q 0 0 0 rg BT 434.64 550.25 Td (weakening ) Tj ET Q q 0 0 0 rg BT 479.40 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.63 550.25 Td (market ) Tj ET Q q 0 0 0 rg BT 517.84 550.25 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 91.15 538.25 Td (constrained ) Tj ET Q q 0 0 0 rg BT 138.95 538.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 167.34 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.38 538.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 194.08 538.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 232.45 538.25 Td (due ) Tj ET Q q 0 0 0 rg BT 248.60 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.02 538.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 296.50 538.25 Td (price ) Tj ET Q q 0 0 0 rg BT 318.20 538.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 370.45 538.25 Td (which ) Tj ET Q q 0 0 0 rg BT 396.60 538.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 439.97 538.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 478.33 538.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 516.43 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.36 538.25 Td (planned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (idling ) Tj ET Q q 0 0 0 rg BT 76.36 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 87.72 526.25 Td (closure ) Tj ET Q q 0 0 0 rg BT 119.62 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.98 526.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 161.21 526.25 Td (production ) Tj ET Q q 0 0 0 rg BT 207.56 526.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 245.01 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.48 526.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 286.05 526.25 Td (stores, ) Tj ET Q q 0 0 0 rg BT 314.90 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.26 526.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 358.71 526.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.72 526.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 450.26 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.73 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.19 526.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 507.09 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.90 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 534.25 526.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 106.46 514.25 Td (during ) Tj ET Q q 0 0 0 rg BT 135.17 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.98 514.25 Td (first ) Tj ET Q q 0 0 0 rg BT 168.69 514.25 Td (half ) Tj ET Q q 0 0 0 rg BT 186.84 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.77 514.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 222.02 514.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 244.62 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 255.55 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 262.59 514.25 Td (triggering ) Tj ET Q q 0 0 0 rg BT 304.62 514.25 Td (event ) Tj ET Q q 0 0 0 rg BT 328.88 514.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 368.13 514.25 Td (an ) Tj ET Q q 0 0 0 rg BT 380.17 514.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 411.65 514.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 460.35 514.25 Td (test ) Tj ET Q q 0 0 0 rg BT 476.83 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.76 514.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 525.92 514.25 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.56 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.67 502.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 116.10 502.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 140.62 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 158.95 502.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 207.83 502.25 Td (test ) Tj ET Q q 0 0 0 rg BT 224.49 502.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 258.93 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.48 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 276.70 502.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 315.58 502.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 353.91 502.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 402.79 502.25 Td (char) Tj ET Q q 0 0 0 rg BT 419.81 502.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 432.03 502.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.14 502.25 Td ($141 ) Tj ET Q q 0 0 0 rg BT 465.92 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.81 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.59 502.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 549.79 502.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 75.26 490.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 111.08 490.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 143.57 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.40 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.12 490.25 Td (former ) Tj ET Q q 0 0 0 rg BT 198.83 490.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 223.56 490.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 262.71 490.25 Td (unit's ) Tj ET Q q 0 0 0 rg BT 286.46 490.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 324.52 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 335.35 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.18 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.90 490.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 416.71 490.25 Td (date ) Tj ET Q q 0 0 0 rg BT 435.86 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.69 490.25 Td (February ) Tj ET Q q 0 0 0 rg BT 485.29 490.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 495.29 490.25 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.20 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.28 469.25 Td (second ) Tj ET Q q 0 0 0 rg BT 106.91 469.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 138.10 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.29 469.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 173.81 469.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.18 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 213.71 469.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 254.89 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.98 469.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 322.83 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.03 469.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 374.11 469.25 Td (weak ) Tj ET Q q 0 0 0 rg BT 398.08 469.25 Td (market ) Tj ET Q q 0 0 0 rg BT 428.71 469.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 475.74 469.25 Td (including ) Tj ET Q q 0 0 0 rg BT 516.38 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 469.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 457.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 78.08 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.03 457.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 112.42 457.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 159.59 457.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 187.87 457.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 213.36 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.42 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 457.25 Td (constraining ) Tj ET Q q 0 0 0 rg BT 294.31 457.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 323.13 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.08 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.92 457.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 371.30 457.25 Td (price ) Tj ET Q q 0 0 0 rg BT 392.91 457.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 445.07 457.25 Td (on ) Tj ET Q q 0 0 0 rg BT 456.68 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.52 457.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 498.81 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.75 457.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.36 457.25 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.20 445.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 121.61 445.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 161.02 445.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 200.17 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 216.26 445.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 243.45 445.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.19 445.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 334.47 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.67 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.87 445.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 390.51 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.04 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 417.14 445.25 Td (market ) Tj ET Q q 0 0 0 rg BT 447.66 445.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 504.28 445.25 Td (as ) Tj ET Q q 0 0 0 rg BT 515.38 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.58 445.25 Td (triggering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (event ) Tj ET Q q 0 0 0 rg BT 73.78 433.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 112.56 433.25 Td (an ) Tj ET Q q 0 0 0 rg BT 124.12 433.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 155.13 433.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 203.35 433.25 Td (test ) Tj ET Q q 0 0 0 rg BT 219.36 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.81 433.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 267.50 433.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 305.71 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 315.61 433.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.06 433.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 369.84 433.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 393.76 433.25 Td (The ) Tj ET Q q 0 0 0 rg BT 411.43 433.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 459.66 433.25 Td (test ) Tj ET Q q 0 0 0 rg BT 475.67 433.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 509.45 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.35 433.25 Td (a ) Tj ET Q q 0 0 0 rg BT 525.91 433.25 Td (non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.68 421.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 135.90 421.25 Td (char) Tj ET Q q 0 0 0 rg BT 152.93 421.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 164.49 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.95 421.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 187.07 421.25 Td (million ) Tj ET Q q 0 0 0 rg BT 218.09 421.25 Td (at ) Tj ET Q q 0 0 0 rg BT 227.43 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.99 421.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 272.77 421.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 290.45 421.25 Td (within ) Tj ET Q q 0 0 0 rg BT 318.13 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.00 421.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 356.91 421.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 396.80 421.25 Td (segment. ) Tj ET Q q 0 0 0 rg BT 434.75 421.25 Td (For ) Tj ET Q q 0 0 0 rg BT 450.76 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.10 421.25 Td (other ) Tj ET Q q 0 0 0 rg BT 487.77 421.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 526.55 421.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 544.23 421.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td ($166 ) Tj ET Q q 0 0 0 rg BT 73.14 409.25 Td (million ) Tj ET Q q 0 0 0 rg BT 105.18 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.66 409.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 155.36 409.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.83 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.31 409.25 Td (February ) Tj ET Q q 0 0 0 rg BT 217.55 409.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 228.19 409.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 253.84 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.20 409.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 310.66 409.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 327.69 409.25 Td (value ) Tj ET Q q 0 0 0 rg BT 352.49 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.96 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.32 409.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 419.12 409.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 437.82 409.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 478.16 409.25 Td (its ) Tj ET Q q 0 0 0 rg BT 490.75 409.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 527.21 409.25 Td (value ) Tj ET Q q 0 0 0 rg BT 552.01 409.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.26 397.25 Td (27% ) Tj ET Q q 0 0 0 rg BT 131.09 397.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 150.53 397.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 191.61 397.25 Td (no ) Tj ET Q q 0 0 0 rg BT 204.11 397.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 242.17 397.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 290.77 397.25 Td (was ) Tj ET Q q 0 0 0 rg BT 308.82 397.25 Td (identified. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.86 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.61 376.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.58 376.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 133.43 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.30 376.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 168.49 376.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 193.52 376.25 Td (we ) Tj ET Q q 0 0 0 rg BT 207.71 376.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 251.89 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.64 376.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 295.83 376.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 333.92 376.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 382.55 376.25 Td (test ) Tj ET Q q 0 0 0 rg BT 398.97 376.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.83 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.70 376.25 Td (July ) Tj ET Q q 0 0 0 rg BT 439.90 376.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 449.93 376.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 474.41 376.25 Td (As ) Tj ET Q q 0 0 0 rg BT 488.05 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.92 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.67 376.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 542.87 376.25 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 364.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 97.14 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.66 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 123.19 364.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 160.94 364.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.46 364.25 Td ($167 ) Tj ET Q q 0 0 0 rg BT 193.66 364.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.55 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.75 364.25 Td (was ) Tj ET Q q 0 0 0 rg BT 242.49 364.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 272.44 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 284.64 364.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.27 364.25 Td (single ) Tj ET Q q 0 0 0 rg BT 317.35 364.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.20 364.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 373.95 364.25 Td (within ) Tj ET Q q 0 0 0 rg BT 401.70 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.63 364.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 440.61 364.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.57 364.25 Td (segment. ) Tj ET Q q 0 0 0 rg BT 518.43 364.25 Td (W) Tj ET Q q 0 0 0 rg BT 527.07 364.25 Td (e ) Tj ET Q q 0 0 0 rg BT 533.70 364.25 Td (elected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.72 352.25 Td (first ) Tj ET Q q 0 0 0 rg BT 79.77 352.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 107.16 352.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 152.30 352.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 182.45 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.17 352.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 236.10 352.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 271.25 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.40 352.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 326.55 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.82 352.25 Td (events ) Tj ET Q q 0 0 0 rg BT 366.31 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 377.58 352.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 437.16 352.25 Td (led ) Tj ET Q q 0 0 0 rg BT 452.32 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.04 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.42 352.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 528.90 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 546.84 352.25 Td (it ) Tj ET Q q 0 0 0 rg BT 555.34 352.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (more ) Tj ET Q q 0 0 0 rg BT 72.66 340.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 97.54 340.25 Td (than ) Tj ET Q q 0 0 0 rg BT 116.87 340.25 Td (not ) Tj ET Q q 0 0 0 rg BT 131.76 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 148.86 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.19 340.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 203.62 340.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 219.61 340.25 Td (value ) Tj ET Q q 0 0 0 rg BT 243.38 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.82 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.15 340.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 306.91 340.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 324.58 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.36 340.25 Td (less ) Tj ET Q q 0 0 0 rg BT 350.47 340.25 Td (than ) Tj ET Q q 0 0 0 rg BT 369.80 340.25 Td (its ) Tj ET Q q 0 0 0 rg BT 381.36 340.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 416.78 340.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 450.92 340.25 Td (As ) Tj ET Q q 0 0 0 rg BT 464.15 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.70 340.25 Td (result ) Tj ET Q q 0 0 0 rg BT 495.03 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.47 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 340.25 Td (qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 99.45 328.25 Td (we ) Tj ET Q q 0 0 0 rg BT 113.62 328.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 157.22 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 174.72 328.25 Td (it ) Tj ET Q q 0 0 0 rg BT 182.79 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.97 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 207.25 328.25 Td (more ) Tj ET Q q 0 0 0 rg BT 230.31 328.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 255.59 328.25 Td (than ) Tj ET Q q 0 0 0 rg BT 275.32 328.25 Td (not ) Tj ET Q q 0 0 0 rg BT 290.60 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 308.11 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.83 328.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 339.22 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 363.38 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.22 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.95 328.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 428.11 328.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 446.18 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 455.36 328.25 Td (less ) Tj ET Q q 0 0 0 rg BT 472.87 328.25 Td (than ) Tj ET Q q 0 0 0 rg BT 492.59 328.25 Td (its ) Tj ET Q q 0 0 0 rg BT 504.55 328.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.37 328.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.38 316.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 115.54 316.25 Td (date ) Tj ET Q q 0 0 0 rg BT 134.70 316.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 154.14 316.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 195.22 316.25 Td (no ) Tj ET Q q 0 0 0 rg BT 207.72 316.25 Td (further ) Tj ET Q q 0 0 0 rg BT 237.43 316.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 286.03 316.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 315.19 316.25 Td (was ) Tj ET Q q 0 0 0 rg BT 333.24 316.25 Td (required. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (Declines ) Tj ET Q q 0 0 0 rg BT 87.28 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.36 295.25 Td (market ) Tj ET Q q 0 0 0 rg BT 127.42 295.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 171.39 295.25 Td (from ) Tj ET Q q 0 0 0 rg BT 193.13 295.25 Td (current ) Tj ET Q q 0 0 0 rg BT 223.74 295.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 251.86 295.25 Td (a ) Tj ET Q q 0 0 0 rg BT 258.60 295.25 Td (trend ) Tj ET Q q 0 0 0 rg BT 281.45 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.08 295.25 Td (weaker ) Tj ET Q q 0 0 0 rg BT 323.24 295.25 Td (than ) Tj ET Q q 0 0 0 rg BT 342.76 295.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 388.92 295.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.20 295.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 479.02 295.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.98 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.50 295.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.45 295.25 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.71 283.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 107.73 283.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 147.72 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.09 283.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 184.89 283.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.60 283.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.86 283.25 Td (share ) Tj ET Q q 0 0 0 rg BT 232.89 283.25 Td (price ) Tj ET Q q 0 0 0 rg BT 254.81 283.25 Td (from ) Tj ET Q q 0 0 0 rg BT 276.18 283.25 Td (current ) Tj ET Q q 0 0 0 rg BT 306.42 283.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 331.68 283.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.27 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 351.64 283.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 390.79 283.25 Td (period ) Tj ET Q q 0 0 0 rg BT 418.27 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.53 283.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 450.73 283.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.99 283.25 Td (an ) Tj ET Q q 0 0 0 rg BT 472.36 283.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 507.05 283.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.76 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.91 283.25 Td (market-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (based ) Tj ET Q q 0 0 0 rg BT 76.55 271.25 Td (W) Tj ET Q q 0 0 0 rg BT 84.88 271.25 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 112.01 271.25 Td (among ) Tj ET Q q 0 0 0 rg BT 143.31 271.25 Td (other ) Tj ET Q q 0 0 0 rg BT 167.93 271.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 201.71 271.25 Td (could ) Tj ET Q q 0 0 0 rg BT 228.00 271.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 282.06 271.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 313.35 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.75 271.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 380.93 271.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 417.22 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.73 271.25 Td (may ) Tj ET Q q 0 0 0 rg BT 457.02 271.25 Td (result ) Tj ET Q q 0 0 0 rg BT 483.31 271.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.16 271.25 Td (further ) Tj ET Q q 0 0 0 rg BT 526.45 271.25 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.27 259.25 Td (char) Tj ET Q q 0 0 0 rg BT 115.29 259.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 130.79 259.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 150.45 259.25 Td (if ) Tj ET Q q 0 0 0 rg BT 158.73 259.25 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 196.71 259.25 Td (could ) Tj ET Q q 0 0 0 rg BT 221.09 259.25 Td (have ) Tj ET Q q 0 0 0 rg BT 242.14 259.25 Td (a ) Tj ET Q q 0 0 0 rg BT 248.74 259.25 Td (material ) Tj ET Q q 0 0 0 rg BT 283.67 259.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 316.37 259.25 Td (ef) Tj ET Q q 0 0 0 rg BT 323.96 259.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 341.11 259.25 Td (on ) Tj ET Q q 0 0 0 rg BT 353.28 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 368.78 259.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.92 259.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 445.86 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.47 259.25 Td (results ) Tj ET Q q 0 0 0 rg BT 490.75 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.24 259.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 547.56 259.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 81.94 247.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 131.09 247.25 Td (Policies ) Tj ET Q q 0 0 0 rg BT 165.26 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.20 247.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 223.58 247.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.86 247.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 252.47 247.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 264.13 247.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 284.95 247.25 Td (7 ) Tj ET Q q 0 0 0 rg BT 292.45 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.28 247.25 Td (this ) Tj ET Q q 0 0 0 rg BT 320.23 247.25 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Impairment of long-lived assets and joint venture investments may adversely af) Tj ET Q q 0 0 0 rg BT 374.80 226.25 Td (fect our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 97.69 211.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.29 211.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.75 211.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.34 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.38 211.25 Td (an ) Tj ET Q q 0 0 0 rg BT 195.08 211.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 244.44 211.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 292.14 211.25 Td (when ) Tj ET Q q 0 0 0 rg BT 317.06 211.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.52 211.25 Td (triggering ) Tj ET Q q 0 0 0 rg BT 390.21 211.25 Td (events ) Tj ET Q q 0 0 0 rg BT 419.02 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 430.61 211.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 490.51 211.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 525.42 211.25 Td (that ) Tj ET Q q 0 0 0 rg BT 543.68 211.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 86.08 199.25 Td (value ) Tj ET Q q 0 0 0 rg BT 110.49 199.25 Td (may ) Tj ET Q q 0 0 0 rg BT 130.47 199.25 Td (be ) Tj ET Q q 0 0 0 rg BT 142.67 199.25 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 183.47 199.25 Td (If ) Tj ET Q q 0 0 0 rg BT 192.90 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.87 199.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 243.95 199.25 Td (value ) Tj ET Q q 0 0 0 rg BT 268.37 199.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 302.77 199.25 Td (our ) Tj ET Q q 0 0 0 rg BT 318.86 199.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 354.95 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.04 199.25 Td (future ) Tj ET Q q 0 0 0 rg BT 392.68 199.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 448.76 199.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.29 199.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 494.27 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.37 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 199.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.59 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.76 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.37 187.25 Td (asset, ) Tj ET Q q 0 0 0 rg BT 128.70 187.25 Td (an ) Tj ET Q q 0 0 0 rg BT 140.52 187.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 189.01 187.25 Td (is ) Tj ET Q q 0 0 0 rg BT 198.07 187.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.44 187.25 Td (for ) Tj ET Q q 0 0 0 rg BT 249.49 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.10 187.25 Td (dif) Tj ET Q q 0 0 0 rg BT 275.02 187.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 306.83 187.25 Td (between ) Tj ET Q q 0 0 0 rg BT 342.53 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.14 187.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.85 187.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.23 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.06 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.67 187.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 472.93 187.25 Td (value ) Tj ET Q q 0 0 0 rg BT 496.98 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.70 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.31 187.25 Td (asset. ) Tj ET Q q 0 0 0 rg BT 546.46 187.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (results ) Tj ET Q q 0 0 0 rg BT 77.70 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.63 175.25 Td (these ) Tj ET Q q 0 0 0 rg BT 109.77 175.25 Td (tests ) Tj ET Q q 0 0 0 rg BT 129.14 175.25 Td (for ) Tj ET Q q 0 0 0 rg BT 142.39 175.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 178.97 175.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.67 175.25 Td (may ) Tj ET Q q 0 0 0 rg BT 245.48 175.25 Td (be ) Tj ET Q q 0 0 0 rg BT 256.51 175.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 296.42 175.25 Td (af) Tj ET Q q 0 0 0 rg BT 304.00 175.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 330.02 175.25 Td (by ) Tj ET Q q 0 0 0 rg BT 341.61 175.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 390.96 175.25 Td (market ) Tj ET Q q 0 0 0 rg BT 420.32 175.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 466.08 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.89 175.25 Td (Company) Tj ET Q q 0 0 0 rg BT 521.55 175.25 Td (s ) Tj ET Q q 0 0 0 rg BT 527.04 175.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.34 163.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 133.09 163.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.24 163.25 Td (an ) Tj ET Q q 0 0 0 rg BT 156.50 163.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 192.07 163.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.66 163.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.91 163.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 259.10 163.25 Td (among ) Tj ET Q q 0 0 0 rg BT 289.14 163.25 Td (other ) Tj ET Q q 0 0 0 rg BT 312.50 163.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 345.02 163.25 Td (If ) Tj ET Q q 0 0 0 rg BT 354.50 163.25 Td (as ) Tj ET Q q 0 0 0 rg BT 365.65 163.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.90 163.25 Td (result ) Tj ET Q q 0 0 0 rg BT 397.93 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.08 163.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.11 163.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.03 163.25 Td (test ) Tj ET Q q 0 0 0 rg BT 489.73 163.25 Td (we ) Tj ET Q q 0 0 0 rg BT 504.21 163.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 547.01 163.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 151.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.77 151.25 Td (value ) Tj ET Q q 0 0 0 rg BT 104.76 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.42 151.25 Td (any ) Tj ET Q q 0 0 0 rg BT 132.20 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.87 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.53 151.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 201.97 151.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 227.64 151.25 Td (is ) Tj ET Q q 0 0 0 rg BT 236.65 151.25 Td (less ) Tj ET Q q 0 0 0 rg BT 253.98 151.25 Td (than ) Tj ET Q q 0 0 0 rg BT 273.54 151.25 Td (its ) Tj ET Q q 0 0 0 rg BT 285.32 151.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 320.97 151.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 355.80 151.25 Td (we ) Tj ET Q q 0 0 0 rg BT 369.80 151.25 Td (may ) Tj ET Q q 0 0 0 rg BT 389.35 151.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 412.24 151.25 Td (an ) Tj ET Q q 0 0 0 rg BT 424.01 151.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 472.45 151.25 Td (char) Tj ET Q q 0 0 0 rg BT 489.47 151.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 501.25 151.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.58 151.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.13 151.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.80 139.25 Td (material ) Tj ET Q q 0 0 0 rg BT 93.93 139.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 127.83 139.25 Td (ef) Tj ET Q q 0 0 0 rg BT 135.42 139.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 153.77 139.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.14 139.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.83 139.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 222.18 139.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 263.32 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.12 139.25 Td (results ) Tj ET Q q 0 0 0 rg BT 310.60 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.29 139.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 369.57 139.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.21 139.25 Td (e ) Tj ET Q q 0 0 0 rg BT 386.01 139.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 424.35 139.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.82 139.25 Td (char) Tj ET Q q 0 0 0 rg BT 490.84 139.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 507.54 139.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.90 139.25 Td (long-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 84.89 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.00 127.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 144.67 127.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 170.67 127.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 214.44 127.25 Td (with ) Tj ET Q q 0 0 0 rg BT 234.90 127.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 264.78 127.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 300.21 127.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 328.99 127.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 368.87 127.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 413.20 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.32 127.25 Td (used ) Tj ET Q q 0 0 0 rg BT 451.32 127.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 471.22 127.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 493.33 127.25 Td (store ) Tj ET Q q 0 0 0 rg BT 515.44 127.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 554.22 127.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.55 115.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 98.88 115.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.55 115.25 Td ($8 ) Tj ET Q q 0 0 0 rg BT 123.89 115.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.78 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.12 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.89 115.25 Td ($44 ) Tj ET Q q 0 0 0 rg BT 192.23 115.25 Td (million ) Tj ET Q q 0 0 0 rg BT 224.46 115.25 Td (during ) Tj ET Q q 0 0 0 rg BT 253.90 115.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 278.89 115.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 302.23 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.00 115.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 345.84 115.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 393.50 115.25 Td (. ) Tj ET Q q 0 0 0 rg BT 399.10 115.25 Td (W) Tj ET Q q 0 0 0 rg BT 408.13 115.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 422.03 115.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 453.68 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.79 115.25 Td (our ) Tj ET Q q 0 0 0 rg BT 481.46 115.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 532.57 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.68 115.25 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 85.49 103.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 127.64 103.25 Td (for ) Tj ET Q q 0 0 0 rg BT 140.91 103.25 Td (under ) Tj ET Q q 0 0 0 rg BT 165.29 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.12 103.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 205.73 103.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 239.84 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 245.89 103.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 263.07 103.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.46 103.25 Td (value ) Tj ET Q q 0 0 0 rg BT 295.73 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.67 103.25 Td (an ) Tj ET Q q 0 0 0 rg BT 316.73 103.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 362.22 103.25 Td (that ) Tj ET Q q 0 0 0 rg BT 378.83 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 387.11 103.25 Td (other ) Tj ET Q q 0 0 0 rg BT 409.27 103.25 Td (than ) Tj ET Q q 0 0 0 rg BT 428.11 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.16 103.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 476.87 103.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 507.35 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 515.63 103.25 Td (recognized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 72.96 91.25 Td (we ) Tj ET Q q 0 0 0 rg BT 86.47 91.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 128.31 91.25 Td (that ) Tj ET Q q 0 0 0 rg BT 145.16 91.25 Td (an ) Tj ET Q q 0 0 0 rg BT 156.46 91.25 Td (other) Tj ET Q q 0 0 0 rg BT 176.80 91.25 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 243.63 91.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 291.59 91.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 318.72 91.25 Td (we ) Tj ET Q q 0 0 0 rg BT 332.24 91.25 Td (may ) Tj ET Q q 0 0 0 rg BT 351.31 91.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 373.72 91.25 Td (an ) Tj ET Q q 0 0 0 rg BT 385.01 91.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 432.97 91.25 Td (char) Tj ET Q q 0 0 0 rg BT 449.99 91.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 461.29 91.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.14 91.25 Td (could ) Tj ET Q q 0 0 0 rg BT 502.22 91.25 Td (have ) Tj ET Q q 0 0 0 rg BT 522.95 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.25 91.25 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.92 79.25 Td (ef) Tj ET Q q 0 0 0 rg BT 91.51 79.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 109.89 79.25 Td (on ) Tj ET Q q 0 0 0 rg BT 123.27 79.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.99 79.25 Td (results ) Tj ET Q q 0 0 0 rg BT 169.49 79.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.21 79.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 228.50 79.25 Td (W) Tj ET Q q 0 0 0 rg BT 237.14 79.25 Td (e ) Tj ET Q q 0 0 0 rg BT 244.97 79.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 283.33 79.25 Td (an ) Tj ET Q q 0 0 0 rg BT 296.16 79.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 345.64 79.25 Td (char) Tj ET Q q 0 0 0 rg BT 362.67 79.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 375.50 79.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.21 79.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 400.60 79.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.49 79.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.88 79.25 Td (during ) Tj ET Q q 0 0 0 rg BT 462.38 79.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 487.42 79.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 510.81 79.25 Td (related ) Tj ET Q q 0 0 0 rg BT 541.40 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 79.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 95.91 67.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.72 67.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.19 67.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 132.55 67.25 Td (venture. ) Tj ET Q q 0 0 0 rg BT 167.07 67.25 Td (See ) Tj ET Q q 0 0 0 rg BT 183.54 67.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 205.01 67.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 212.04 67.25 Td (- ) Tj ET Q q 0 0 0 rg BT 217.40 67.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 258.32 67.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.68 67.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 314.14 67.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 362.83 67.25 Td (Policies ) Tj ET Q q 0 0 0 rg BT 396.52 67.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.33 67.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.58 67.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 445.94 67.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.75 67.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.99 67.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 524.80 67.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 96.27 55.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.44 55.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 124.94 55.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 136.49 55.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 164.70 55.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.42 55.25 Td (this ) Tj ET Q q 0 0 0 rg BT 192.26 55.25 Td (report ) Tj ET Q q 0 0 0 rg BT 218.52 55.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.57 55.25 Td (further ) Tj ET Q q 0 0 0 rg BT 262.17 55.25 Td (detail ) Tj ET Q q 0 0 0 rg BT 286.77 55.25 Td (on ) Tj ET Q q 0 0 0 rg BT 299.16 55.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 342.65 55.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 364.48 55.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.31 55.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 402.03 55.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 434.40 55.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 480.68 55.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 529.16 55.25 Td (char) Tj ET Q q 0 0 0 rg BT 546.19 55.25 Td (ges. ) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (17) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our productivity improvement and restructuring initiatives may not achieve the expected benefits or cost reductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 727.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.57 727.25 Td (have ) Tj ET Q q 0 0 0 rg BT 86.94 727.25 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 133.86 727.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.79 727.25 Td (number ) Tj ET Q q 0 0 0 rg BT 173.83 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.66 727.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 236.03 727.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 295.74 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.67 727.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 366.26 727.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 408.19 727.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 446.23 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.51 727.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 485.65 727.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.90 727.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.25 715.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 103.39 715.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 153.97 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.22 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.81 715.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 215.16 715.25 Td (further ) Tj ET Q q 0 0 0 rg BT 245.18 715.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 291.31 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.56 715.25 Td (syner) Tj ET Q q 0 0 0 rg BT 330.04 715.25 Td (gistic ) Tj ET Q q 0 0 0 rg BT 354.52 715.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 373.44 715.25 Td (ef) Tj ET Q q 0 0 0 rg BT 381.03 715.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 422.15 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.74 715.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.88 715.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 489.46 715.25 Td (platform. ) Tj ET Q q 0 0 0 rg BT 529.20 715.25 Td (In ) Tj ET Q q 0 0 0 rg BT 540.35 715.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 71.71 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.86 703.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 112.07 703.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 164.87 703.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 206.02 703.25 Td (included ) Tj ET Q q 0 0 0 rg BT 242.16 703.25 Td (idling ) Tj ET Q q 0 0 0 rg BT 267.20 703.25 Td (underutilized ) Tj ET Q q 0 0 0 rg BT 321.67 703.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 346.71 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.86 703.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 393.45 703.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 429.59 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.08 703.25 Td (more ) Tj ET Q q 0 0 0 rg BT 461.33 703.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 491.37 703.25 Td (align ) Tj ET Q q 0 0 0 rg BT 513.07 703.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.11 703.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.57 691.25 Td (market ) Tj ET Q q 0 0 0 rg BT 91.13 691.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 138.09 691.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 196.43 691.25 Td (productivity ) Tj ET Q q 0 0 0 rg BT 248.11 691.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 290.34 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.91 691.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 336.46 691.25 Td (production ) Tj ET Q q 0 0 0 rg BT 382.58 691.25 Td (ef) Tj ET Q q 0 0 0 rg BT 390.17 691.25 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 425.17 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.40 691.25 Td (material ) Tj ET Q q 0 0 0 rg BT 477.95 691.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 512.28 691.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.57 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.81 691.25 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 86.53 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 101.41 679.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 129.62 679.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 168.93 679.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 206.58 679.25 Td (through ) Tj ET Q q 0 0 0 rg BT 239.24 679.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 281.88 679.25 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 327.58 679.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 364.12 679.25 Td (or) Tj ET Q q 0 0 0 rg BT 372.27 679.25 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 422.69 679.25 Td (layers, ) Tj ET Q q 0 0 0 rg BT 450.61 679.25 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 506.04 679.25 Td (shared ) Tj ET Q q 0 0 0 rg BT 533.69 679.25 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (functions, ) Tj ET Q q 0 0 0 rg BT 92.27 667.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 124.82 667.25 Td (from ) Tj ET Q q 0 0 0 rg BT 146.81 667.25 Td (procurement ) Tj ET Q q 0 0 0 rg BT 199.90 667.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 241.05 667.25 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 293.59 667.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.48 667.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 364.24 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.23 667.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 426.56 667.25 Td (services ) Tj ET Q q 0 0 0 rg BT 461.32 667.25 Td (functions, ) Tj ET Q q 0 0 0 rg BT 503.59 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.58 667.25 Td (other ) Tj ET Q q 0 0 0 rg BT 543.68 667.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 92.77 655.25 Td (measures. ) Tj ET Q q 0 0 0 rg BT 134.16 655.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 151.39 655.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 178.62 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.08 655.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 220.29 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.19 655.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 279.74 655.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 297.52 655.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 329.20 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.32 655.25 Td (other ) Tj ET Q q 0 0 0 rg BT 367.55 655.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 400.88 655.25 Td (from ) Tj ET Q q 0 0 0 rg BT 422.00 655.25 Td (these ) Tj ET Q q 0 0 0 rg BT 444.23 655.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 485.35 655.25 Td (within ) Tj ET Q q 0 0 0 rg BT 512.58 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.48 655.25 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (time ) Tj ET Q q 0 0 0 rg BT 70.46 643.25 Td (frame ) Tj ET Q q 0 0 0 rg BT 96.46 643.25 Td (is ) Tj ET Q q 0 0 0 rg BT 105.82 643.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 136.83 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.29 643.25 Td (many ) Tj ET Q q 0 0 0 rg BT 172.19 643.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 212.09 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.21 643.25 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 283.65 643.25 Td (These ) Tj ET Q q 0 0 0 rg BT 310.22 643.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 350.11 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.24 643.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 419.37 643.25 Td (are ) Tj ET Q q 0 0 0 rg BT 434.26 643.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 465.27 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.74 643.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 520.64 643.25 Td (economic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 99.24 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.72 631.25 Td (other ) Tj ET Q q 0 0 0 rg BT 138.31 631.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 193.93 631.25 Td (some ) Tj ET Q q 0 0 0 rg BT 217.08 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.45 631.25 Td (which ) Tj ET Q q 0 0 0 rg BT 253.92 631.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.17 631.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 299.64 631.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.01 631.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 347.73 631.25 Td (W) Tj ET Q q 0 0 0 rg BT 356.36 631.25 Td (e ) Tj ET Q q 0 0 0 rg BT 362.84 631.25 Td (have ) Tj ET Q q 0 0 0 rg BT 383.75 631.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 419.11 631.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 472.24 631.25 Td (char) Tj ET Q q 0 0 0 rg BT 489.26 631.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 504.63 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.11 631.25 Td (other ) Tj ET Q q 0 0 0 rg BT 543.69 631.25 Td (exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.61 619.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 118.12 619.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.31 619.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 152.37 619.25 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.28 619.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.28 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.69 619.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.54 619.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.54 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.95 619.25 Td (as ) Tj ET Q q 0 0 0 rg BT 249.69 619.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.54 619.25 Td (result ) Tj ET Q q 0 0 0 rg BT 281.16 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.90 619.25 Td (these ) Tj ET Q q 0 0 0 rg BT 314.86 619.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 356.71 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.56 619.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 402.06 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.25 619.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 435.21 619.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 488.71 619.25 Td (char) Tj ET Q q 0 0 0 rg BT 505.73 619.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 521.47 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.32 619.25 Td (other) Tj ET Q q 0 0 0 rg BT 558.67 619.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 97.17 607.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 134.92 607.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 177.66 607.25 Td (with ) Tj ET Q q 0 0 0 rg BT 197.09 607.25 Td (these ) Tj ET Q q 0 0 0 rg BT 219.28 607.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 260.37 607.25 Td (through ) Tj ET Q q 0 0 0 rg BT 293.12 607.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 316.42 607.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 340.57 607.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 370.54 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.97 607.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 412.15 607.25 Td (or ) Tj ET Q q 0 0 0 rg BT 422.12 607.25 Td (sustain ) Tj ET Q q 0 0 0 rg BT 451.55 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.41 607.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 502.59 607.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 520.35 607.25 Td (reductions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.43 595.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 102.08 595.25 Td (related ) Tj ET Q q 0 0 0 rg BT 132.27 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.04 595.25 Td (these ) Tj ET Q q 0 0 0 rg BT 166.57 595.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 220.66 595.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 263.09 595.25 Td (could ) Tj ET Q q 0 0 0 rg BT 288.30 595.25 Td (have ) Tj ET Q q 0 0 0 rg BT 310.16 595.25 Td (a ) Tj ET Q q 0 0 0 rg BT 317.59 595.25 Td (material ) Tj ET Q q 0 0 0 rg BT 353.34 595.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 386.87 595.25 Td (ef) Tj ET Q q 0 0 0 rg BT 394.46 595.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 412.43 595.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.42 595.25 Td (our ) Tj ET Q q 0 0 0 rg BT 441.75 595.25 Td (results ) Tj ET Q q 0 0 0 rg BT 470.84 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.17 595.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 526.81 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 595.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (flows.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Acquisitions and integration of acquired businesses may result in operating dif) Tj ET Q q 0 0 0 rg BT 374.31 562.25 Td (ficulties and other unintended consequences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 547.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.53 547.25 Td (may ) Tj ET Q q 0 0 0 rg BT 87.20 547.25 Td (make ) Tj ET Q q 0 0 0 rg BT 112.30 547.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 163.53 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.31 547.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 240.96 547.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 286.63 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.86 547.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 327.40 547.25 Td (us ) Tj ET Q q 0 0 0 rg BT 339.75 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.98 547.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 387.18 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.96 547.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 444.07 547.25 Td (base ) Tj ET Q q 0 0 0 rg BT 465.29 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.18 547.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 507.18 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.96 547.25 Td (revenues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (Execution ) Tj ET Q q 0 0 0 rg BT 93.04 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.87 535.25 Td (any ) Tj ET Q q 0 0 0 rg BT 120.81 535.25 Td (past ) Tj ET Q q 0 0 0 rg BT 139.42 535.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.25 535.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 187.74 535.25 Td (future ) Tj ET Q q 0 0 0 rg BT 214.12 535.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 260.50 535.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 296.88 535.25 Td (a ) Tj ET Q q 0 0 0 rg BT 303.82 535.25 Td (number ) Tj ET Q q 0 0 0 rg BT 336.87 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.70 535.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 371.59 535.25 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 514.25 Td (Dif) Tj ET Q q 0 0 0 rg BT 135.15 514.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 163.75 514.25 Td (integrating ) Tj ET Q q 0 0 0 rg BT 209.57 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.29 514.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 261.21 514.25 Td (businesses) Tj ET Q q 0 0 0 rg BT 306.02 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.52 514.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 349.90 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.84 514.25 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 499.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 499.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 160.05 499.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 178.11 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.94 499.25 Td (key ) Tj ET Q q 0 0 0 rg BT 205.88 499.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 251.15 499.25 Td (or ) Tj ET Q q 0 0 0 rg BT 261.98 499.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 305.02 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.85 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.57 499.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 367.49 499.25 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 484.25 Td (Dif) Tj ET Q q 0 0 0 rg BT 135.15 484.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 169.86 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.14 484.25 Td (realizing ) Tj ET Q q 0 0 0 rg BT 217.62 484.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 263.99 484.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 282.60 484.25 Td (savings, ) Tj ET Q q 0 0 0 rg BT 317.60 484.25 Td (ef) Tj ET Q q 0 0 0 rg BT 325.18 484.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 365.99 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.93 484.25 Td (syner) Tj ET Q q 0 0 0 rg BT 404.41 484.25 Td (gies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 469.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 469.25 Td (Unexpected ) Tj ET Q q 0 0 0 rg BT 172.25 469.25 Td (costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 454.25 Td (Inaccurate ) Tj ET Q q 0 0 0 rg BT 166.13 454.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 213.07 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.90 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 234.73 454.25 Td (undisclosed ) Tj ET Q q 0 0 0 rg BT 284.45 454.25 Td (liabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 439.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 439.25 Td (Inability ) Tj ET Q q 0 0 0 rg BT 158.38 439.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.66 439.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 206.15 439.25 Td (uniform ) Tj ET Q q 0 0 0 rg BT 240.87 439.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 283.64 439.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 318.35 439.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.29 439.25 Td (procedures; ) Tj ET Q q 0 0 0 rg BT 384.44 439.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 424.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 424.25 Td (Dif) Tj ET Q q 0 0 0 rg BT 135.15 424.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 163.75 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.03 424.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 215.96 424.25 Td (growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (If ) Tj ET Q q 0 0 0 rg BT 58.84 409.25 Td (we ) Tj ET Q q 0 0 0 rg BT 72.67 409.25 Td (do ) Tj ET Q q 0 0 0 rg BT 84.85 409.25 Td (not ) Tj ET Q q 0 0 0 rg BT 99.80 409.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 150.85 409.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 183.56 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.73 409.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 245.68 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.30 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.69 409.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 313.29 409.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 357.69 409.25 Td (do ) Tj ET Q q 0 0 0 rg BT 369.86 409.25 Td (not ) Tj ET Q q 0 0 0 rg BT 384.81 409.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 419.20 409.25 Td (as ) Tj ET Q q 0 0 0 rg BT 429.70 409.25 Td (projected, ) Tj ET Q q 0 0 0 rg BT 471.58 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.08 409.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.24 409.25 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 397.25 Td (results ) Tj ET Q q 0 0 0 rg BT 95.55 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.38 397.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 150.53 397.25 Td (could ) Tj ET Q q 0 0 0 rg BT 175.25 397.25 Td (be ) Tj ET Q q 0 0 0 rg BT 187.19 397.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 230.22 397.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 271.04 397.25 Td (af) Tj ET Q q 0 0 0 rg BT 278.63 397.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Changing economic conditions may result in customers not fulfilling their contractual obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 361.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.41 361.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 87.72 361.25 Td (into ) Tj ET Q q 0 0 0 rg BT 105.61 361.25 Td (export ) Tj ET Q q 0 0 0 rg BT 133.49 361.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 164.14 361.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 185.91 361.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 224.33 361.25 Td (preceded ) Tj ET Q q 0 0 0 rg BT 262.75 361.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.08 361.25 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 326.29 361.25 Td (that ) Tj ET Q q 0 0 0 rg BT 343.61 361.25 Td (include ) Tj ET Q q 0 0 0 rg BT 375.38 361.25 Td (fixing ) Tj ET Q q 0 0 0 rg BT 401.60 361.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 426.41 361.25 Td (quantity) Tj ET Q q 0 0 0 rg BT 458.54 361.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.37 361.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 500.15 361.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 524.69 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 361.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 97.02 349.25 Td (terms.Upon ) Tj ET Q q 0 0 0 rg BT 149.05 349.25 Td (finalization ) Tj ET Q q 0 0 0 rg BT 197.18 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.11 349.25 Td (these ) Tj ET Q q 0 0 0 rg BT 231.25 349.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 256.07 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.10 349.25 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 321.79 349.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 369.38 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.31 349.25 Td (other ) Tj ET Q q 0 0 0 rg BT 403.45 349.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 450.47 349.25 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 510.54 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.36 349.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 87.50 337.25 Td (opens ) Tj ET Q q 0 0 0 rg BT 113.33 337.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.27 337.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 143.32 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.16 337.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.42 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.71 337.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 218.32 337.25 Td (its ) Tj ET Q q 0 0 0 rg BT 230.27 337.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 267.21 337.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 310.27 337.25 Td (under ) Tj ET Q q 0 0 0 rg BT 335.54 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.26 337.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 384.97 337.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 406.91 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.20 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.03 337.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 472.20 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.04 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.76 337.25 Td (car) Tj ET Q q 0 0 0 rg BT 509.79 337.25 Td (go.) Tj ET Q q 0 0 0 rg BT 524.23 337.25 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.26 325.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 111.05 325.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 141.85 325.25 Td (course ) Tj ET Q q 0 0 0 rg BT 170.43 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.23 325.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 220.10 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.36 325.25 Td (times ) Tj ET Q q 0 0 0 rg BT 254.50 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.31 325.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 304.44 325.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 345.79 325.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 392.43 325.25 Td (including ) Tj ET Q q 0 0 0 rg BT 432.68 325.25 Td (during ) Tj ET Q q 0 0 0 rg BT 461.27 325.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 493.18 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.99 325.25 Td (sharply ) Tj ET Q q 0 0 0 rg BT 535.90 325.25 Td (falling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.81 313.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 98.74 313.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 125.32 313.25 Td (such ) Tj ET Q q 0 0 0 rg BT 146.37 313.25 Td (as ) Tj ET Q q 0 0 0 rg BT 157.41 313.25 Td (those ) Tj ET Q q 0 0 0 rg BT 181.23 313.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 232.24 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 242.73 313.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 267.10 313.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 292.31 313.25 Td (there ) Tj ET Q q 0 0 0 rg BT 315.01 313.25 Td (is ) Tj ET Q q 0 0 0 rg BT 324.39 313.25 Td (an ) Tj ET Q q 0 0 0 rg BT 336.55 313.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 377.01 313.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 394.72 313.25 Td (that ) Tj ET Q q 0 0 0 rg BT 412.43 313.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 455.69 313.25 Td (may ) Tj ET Q q 0 0 0 rg BT 475.62 313.25 Td (not ) Tj ET Q q 0 0 0 rg BT 491.11 313.25 Td (be ) Tj ET Q q 0 0 0 rg BT 503.26 313.25 Td (willing ) Tj ET Q q 0 0 0 rg BT 534.31 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 545.35 313.25 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.97 301.25 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 84.94 301.25 Td (their ) Tj ET Q q 0 0 0 rg BT 105.45 301.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 152.07 301.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 198.70 301.25 Td (or ) Tj ET Q q 0 0 0 rg BT 209.22 301.25 Td (open ) Tj ET Q q 0 0 0 rg BT 230.85 301.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 257.48 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.00 301.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 295.46 301.25 Td (For ) Tj ET Q q 0 0 0 rg BT 311.54 301.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 350.11 301.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.08 301.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 383.93 301.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 408.62 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.03 301.25 Td (resale ) Tj ET Q q 0 0 0 rg BT 448.54 301.25 Td (or ) Tj ET Q q 0 0 0 rg BT 459.06 301.25 Td (modification ) Tj ET Q q 0 0 0 rg BT 512.35 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.87 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.28 301.25 Td (terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (each ) Tj ET Q q 0 0 0 rg BT 69.88 289.25 Td (at ) Tj ET Q q 0 0 0 rg BT 78.66 289.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 130.21 289.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 154.54 289.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 182.48 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.37 289.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 221.13 289.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 264.91 289.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 308.11 289.25 Td (bulk ) Tj ET Q q 0 0 0 rg BT 327.45 289.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 369.57 289.25 Td (had ) Tj ET Q q 0 0 0 rg BT 385.57 289.25 Td (a ) Tj ET Q q 0 0 0 rg BT 391.57 289.25 Td ($7 ) Tj ET Q q 0 0 0 rg BT 403.13 289.25 Td (million ) Tj ET Q q 0 0 0 rg BT 433.58 289.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 469.02 289.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 497.79 289.25 Td (on ) Tj ET Q q 0 0 0 rg BT 509.35 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.24 289.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 80.70 277.25 Td (As ) Tj ET Q q 0 0 0 rg BT 94.50 277.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.93 277.25 Td (August ) Tj ET Q q 0 0 0 rg BT 136.50 277.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.69 277.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 174.38 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.50 277.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.50 277.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.69 277.25 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.02 277.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.71 277.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.83 277.25 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.16 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 278.35 277.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 326.01 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 331.20 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.22 277.25 Td (our ) Tj ET Q q 0 0 0 rg BT 358.23 277.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 380.91 277.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 418.58 277.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 462.34 277.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 495.56 277.25 Td (were ) Tj ET Q q 0 0 0 rg BT 517.68 277.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 552.01 277.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 76.93 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.76 265.25 Td (credit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (Further increases in the value of the U.S. dollar relative to other currencies may reduce the demand for our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.66 229.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.87 229.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 136.75 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.42 229.25 Td (AMR) Tj ET Q q 0 0 0 rg BT 172.98 229.25 Td (s ) Tj ET Q q 0 0 0 rg BT 179.86 229.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 218.40 229.25 Td (is ) Tj ET Q q 0 0 0 rg BT 228.06 229.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 269.92 229.25 Td (from ) Tj ET Q q 0 0 0 rg BT 292.35 229.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 314.78 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.56 229.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 357.43 229.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 403.47 229.25 Td (which ) Tj ET Q q 0 0 0 rg BT 430.90 229.25 Td (are ) Tj ET Q q 0 0 0 rg BT 446.10 229.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 500.75 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.52 229.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 532.30 229.25 Td (dollars, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (including ) Tj ET Q q 0 0 0 rg BT 89.92 217.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 132.62 217.25 Td (located ) Tj ET Q q 0 0 0 rg BT 163.64 217.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.10 217.25 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 195.60 217.25 Td (Africa ) Tj ET Q q 0 0 0 rg BT 223.29 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.88 217.25 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 272.93 217.25 Td (A) Tj ET Q q 0 0 0 rg BT 279.60 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.75 217.25 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 338.33 217.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 358.27 217.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 381.19 217.25 Td (, ) Tj ET Q q 0 0 0 rg BT 385.84 217.25 Td (as ) Tj ET Q q 0 0 0 rg BT 396.32 217.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 446.77 217.25 Td (in ) Tj ET Q q 0 0 0 rg BT 456.70 217.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 480.50 217.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 502.65 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.24 217.25 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (into ) Tj ET Q q 0 0 0 rg BT 69.31 205.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 94.71 205.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 120.97 205.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 150.26 205.25 Td (our ) Tj ET Q q 0 0 0 rg BT 167.35 205.25 Td (products ) Tj ET Q q 0 0 0 rg BT 205.54 205.25 Td (more ) Tj ET Q q 0 0 0 rg BT 229.83 205.25 Td (expensive ) Tj ET Q q 0 0 0 rg BT 273.57 205.25 Td (for ) Tj ET Q q 0 0 0 rg BT 288.98 205.25 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 328.85 205.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 375.65 205.25 Td (which ) Tj ET Q q 0 0 0 rg BT 403.84 205.25 Td (may ) Tj ET Q q 0 0 0 rg BT 424.80 205.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 470.21 205.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 501.17 205.25 Td (export ) Tj ET Q q 0 0 0 rg BT 530.47 205.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 555.33 205.25 Td (A) Tj ET Q q 0 0 0 rg BT 562.00 205.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 106.84 193.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 127.03 193.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 152.76 193.25 Td (also ) Tj ET Q q 0 0 0 rg BT 171.28 193.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 199.23 193.25 Td (imported ) Tj ET Q q 0 0 0 rg BT 237.74 193.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 262.36 193.25 Td (products ) Tj ET Q q 0 0 0 rg BT 299.21 193.25 Td (less ) Tj ET Q q 0 0 0 rg BT 316.62 193.25 Td (expensive, ) Tj ET Q q 0 0 0 rg BT 361.51 193.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.35 193.25 Td (may ) Tj ET Q q 0 0 0 rg BT 407.98 193.25 Td (result ) Tj ET Q q 0 0 0 rg BT 432.60 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.79 193.25 Td (an ) Tj ET Q q 0 0 0 rg BT 454.63 193.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 489.79 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.98 193.25 Td (imports ) Tj ET Q q 0 0 0 rg BT 532.94 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 543.68 193.25 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (products ) Tj ET Q q 0 0 0 rg BT 87.13 181.25 Td (into ) Tj ET Q q 0 0 0 rg BT 105.37 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 181.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 140.15 181.25 Td (As ) Tj ET Q q 0 0 0 rg BT 153.95 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.08 181.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 188.48 181.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.50 181.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 239.40 181.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 260.41 181.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 300.04 181.25 Td (which ) Tj ET Q q 0 0 0 rg BT 327.16 181.25 Td (are ) Tj ET Q q 0 0 0 rg BT 342.06 181.25 Td (made ) Tj ET Q q 0 0 0 rg BT 366.40 181.25 Td (in ) Tj ET Q q 0 0 0 rg BT 376.87 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.77 181.25 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 414.74 181.25 Td (may ) Tj ET Q q 0 0 0 rg BT 434.64 181.25 Td (become ) Tj ET Q q 0 0 0 rg BT 468.42 181.25 Td (more ) Tj ET Q q 0 0 0 rg BT 491.66 181.25 Td (expensive ) Tj ET Q q 0 0 0 rg BT 534.33 181.25 Td (for ) Tj ET Q q 0 0 0 rg BT 548.68 181.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.28 169.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 113.33 169.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 145.81 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.09 169.25 Td (imported ) Tj ET Q q 0 0 0 rg BT 194.69 169.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 215.52 169.25 Td (products ) Tj ET Q q 0 0 0 rg BT 252.46 169.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 284.94 169.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 322.43 169.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 356.58 169.25 Td (for ) Tj ET Q q 0 0 0 rg BT 370.74 169.25 Td (our ) Tj ET Q q 0 0 0 rg BT 386.57 169.25 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 148.25 Td (e are exposed to translation and transaction risks associated with fluctuations in foreign currency exchange rates ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (Hedging instruments may not be ef) Tj ET Q q 0 0 0 rg BT 194.55 136.25 Td (fective in mitigating such risks and may expose us to losses or limit our potential gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.77 121.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.64 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.64 121.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 153.84 121.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 183.83 121.25 Td (us ) Tj ET Q q 0 0 0 rg BT 194.94 121.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.94 121.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 249.37 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.02 121.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 312.11 121.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 333.22 121.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 376.54 121.25 Td (with ) Tj ET Q q 0 0 0 rg BT 396.53 121.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 445.96 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.96 121.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.05 121.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 524.25 121.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.28 109.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.02 109.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 123.85 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.03 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.66 109.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 168.85 109.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 191.77 109.25 Td (, ) Tj ET Q q 0 0 0 rg BT 196.68 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.41 109.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 251.48 109.25 Td (currency) Tj ET Q q 0 0 0 rg BT 285.80 109.25 Td (. ) Tj ET Q q 0 0 0 rg BT 290.18 109.25 Td (As ) Tj ET Q q 0 0 0 rg BT 303.70 109.25 Td (a ) Tj ET Q q 0 0 0 rg BT 310.54 109.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 337.66 109.25 Td (we ) Tj ET Q q 0 0 0 rg BT 351.73 109.25 Td (are ) Tj ET Q q 0 0 0 rg BT 366.34 109.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 397.08 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.26 109.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 438.54 109.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 475.92 109.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 516.08 109.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 537.38 109.25 Td (due ) Tj ET Q q 0 0 0 rg BT 554.23 109.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.85 97.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.93 97.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 158.13 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.00 97.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 215.97 97.25 Td (with ) Tj ET Q q 0 0 0 rg BT 236.85 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.16 97.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 297.47 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.89 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.20 97.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 365.06 97.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.16 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.69 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.01 97.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 447.43 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.97 97.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 505.28 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.70 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 533.13 97.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 85.25 Td (into ) Tj ET Q q 0 0 0 rg BT 112.21 85.25 Td (our ) Tj ET Q q 0 0 0 rg BT 128.04 85.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 171.08 85.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 208.56 85.25 Td (for ) Tj ET Q q 0 0 0 rg BT 222.72 85.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 261.88 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.16 85.25 Td (our ) Tj ET Q q 0 0 0 rg BT 287.99 85.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 343.27 85.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 382.98 85.25 Td (Statements. ) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (18) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.05 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 79.24 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 97.32 742.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 132.07 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.83 742.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 172.68 742.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 209.63 742.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 249.37 742.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 295.21 742.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 314.26 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 327.35 742.10 Td (part ) Tj ET Q q 0 0 0 rg BT 344.87 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.18 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.49 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 387.46 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 440.53 742.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 478.88 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 492.52 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 511.72 742.10 Td (use ) Tj ET Q q 0 0 0 rg BT 527.02 742.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 100.99 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 140.59 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 171.29 730.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 208.09 730.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 247.66 730.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 281.14 730.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 321.42 730.10 Td (While ) Tj ET Q q 0 0 0 rg BT 347.68 730.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 383.94 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.54 730.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 422.01 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.05 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 443.64 730.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 464.34 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.49 730.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 523.53 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.13 730.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.80 718.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 128.39 718.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 152.59 718.10 Td (these ) Tj ET Q q 0 0 0 rg BT 175.97 718.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 225.46 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 245.51 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 261.11 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.38 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 280.97 718.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 311.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.61 718.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 359.42 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 372.24 718.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 393.96 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 424.00 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.60 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 455.76 718.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 505.80 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.07 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 543.11 718.10 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.19 706.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 104.04 706.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 128.01 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.19 706.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 169.82 706.10 Td (us ) Tj ET Q q 0 0 0 rg BT 181.57 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.21 706.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 220.83 706.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 261.47 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.99 706.10 Td (do ) Tj ET Q q 0 0 0 rg BT 288.84 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.48 706.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 327.33 706.10 Td (into ) Tj ET Q q 0 0 0 rg BT 345.74 706.10 Td (these ) Tj ET Q q 0 0 0 rg BT 369.15 706.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 418.67 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.19 706.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 464.37 706.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 502.78 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.97 706.10 Td (speculation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.18 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 81.26 694.10 Td (management ) Tj ET Q q 0 0 0 rg BT 134.09 694.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 168.60 694.10 Td (all ) Tj ET Q q 0 0 0 rg BT 180.34 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 200.41 694.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 248.82 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.78 694.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 293.94 694.10 Td (into ) Tj ET Q q 0 0 0 rg BT 311.25 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.32 694.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 350.83 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.91 694.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 405.98 694.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 441.05 694.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 493.06 694.10 Td (these ) Tj ET Q q 0 0 0 rg BT 515.35 694.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.59 682.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 108.08 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.46 682.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 148.40 682.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 201.31 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 213.70 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.42 682.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 290.95 682.10 Td (Should ) Tj ET Q q 0 0 0 rg BT 321.67 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.39 682.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 396.42 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.59 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 427.30 682.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 476.36 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.08 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.68 682.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 539.07 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 94.41 670.10 Td (through ) Tj ET Q q 0 0 0 rg BT 128.29 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 155.50 670.10 Td (these ) Tj ET Q q 0 0 0 rg BT 178.81 670.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 229.35 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.32 670.10 Td (of) Tj ET Q q 0 0 0 rg BT 252.47 670.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 275.78 670.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 291.87 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.42 670.10 Td (honor ) Tj ET Q q 0 0 0 rg BT 328.52 670.10 Td (their ) Tj ET Q q 0 0 0 rg BT 349.61 670.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 396.82 670.10 Td (due ) Tj ET Q q 0 0 0 rg BT 414.03 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.58 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.32 670.10 Td (distress ) Tj ET Q q 0 0 0 rg BT 495.09 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.19 670.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 550.34 670.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (would ) Tj ET Q q 0 0 0 rg BT 76.62 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 87.68 658.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 122.06 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.46 658.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 168.07 658.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 193.58 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.53 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.36 658.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 252.31 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.71 658.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 293.30 658.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 338.79 658.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 361.52 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.57 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.41 658.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 445.79 658.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 479.06 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.67 658.10 Td (these ) Tj ET Q q 0 0 0 rg BT 512.84 658.10 Td (instruments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (Potential limitations on our ability to access capital resources may restrict our ability to operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.47 622.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.04 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 125.16 622.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 153.73 622.10 Td (intensive. ) Tj ET Q q 0 0 0 rg BT 194.25 622.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 211.71 622.10 Td (business ) Tj ET Q q 0 0 0 rg BT 247.52 622.10 Td (also ) Tj ET Q q 0 0 0 rg BT 265.54 622.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 299.67 622.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 344.36 622.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 397.36 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.94 622.10 Td (routine ) Tj ET Q q 0 0 0 rg BT 441.18 622.10 Td (maintenance. ) Tj ET Q q 0 0 0 rg BT 495.99 622.10 Td (While ) Tj ET Q q 0 0 0 rg BT 522.33 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 535.91 622.10 Td (expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.46 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.25 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.49 610.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 160.66 610.10 Td (including ) Tj ET Q q 0 0 0 rg BT 200.89 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.58 610.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 249.15 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.94 610.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 289.06 610.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 345.12 610.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 364.80 610.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 398.08 610.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 441.93 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.83 610.10 Td (share ) Tj ET Q q 0 0 0 rg BT 482.40 610.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 534.56 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.58 610.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 87.75 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 101.07 598.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 142.71 598.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 184.89 598.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 210.44 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.09 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 244.85 598.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 293.72 598.10 Td (under ) Tj ET Q q 0 0 0 rg BT 319.81 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 336.46 598.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 370.32 598.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 416.41 598.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 439.17 598.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 465.26 598.10 Td (facility) Tj ET Q q 0 0 0 rg BT 492.93 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.75 598.10 Td (there ) Tj ET Q q 0 0 0 rg BT 522.06 598.10 Td (can ) Tj ET Q q 0 0 0 rg BT 539.26 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 552.02 598.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 91.37 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 108.86 586.10 Td (this ) Tj ET Q q 0 0 0 rg BT 125.81 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 143.87 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.81 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.52 586.10 Td (case. ) Tj ET Q q 0 0 0 rg BT 192.18 586.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 237.45 586.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 287.72 586.10 Td (could ) Tj ET Q q 0 0 0 rg BT 312.44 586.10 Td (require ) Tj ET Q q 0 0 0 rg BT 343.26 586.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 383.52 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 405.46 586.10 Td (external ) Tj ET Q q 0 0 0 rg BT 440.16 586.10 Td (sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 89.72 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 103.31 565.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 134.12 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.72 565.10 Td (have ) Tj ET Q q 0 0 0 rg BT 168.54 565.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 206.00 565.10 Td (access ) Tj ET Q q 0 0 0 rg BT 233.48 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.20 565.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 297.33 565.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 342.04 565.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 392.03 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 405.62 565.10 Td (could ) Tj ET Q q 0 0 0 rg BT 429.78 565.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.15 565.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 481.41 565.10 Td (af) Tj ET Q q 0 0 0 rg BT 488.99 565.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 515.36 565.10 Td (if ) Tj ET Q q 0 0 0 rg BT 523.40 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.67 565.10 Td (banks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.47 553.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 102.16 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.98 553.10 Td (honor ) Tj ET Q q 0 0 0 rg BT 139.35 553.10 Td (their ) Tj ET Q q 0 0 0 rg BT 160.71 553.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 208.17 553.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 265.65 553.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.01 553.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 306.70 553.10 Td (lending. ) Tj ET Q q 0 0 0 rg BT 342.23 553.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 373.60 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.41 553.10 Td (access ) Tj ET Q q 0 0 0 rg BT 412.99 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.36 553.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.16 553.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 492.63 553.10 Td (could ) Tj ET Q q 0 0 0 rg BT 517.88 553.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 548.68 553.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.05 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.33 541.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 109.16 541.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 155.82 541.10 Td (make ) Tj ET Q q 0 0 0 rg BT 179.97 541.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 209.12 541.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 262.71 541.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.54 541.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 306.58 541.10 Td (acquisitions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (The agreement governing our bank credit facility imposes certain restrictions on our business and contains financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.56 493.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 100.10 493.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 121.54 493.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 146.30 493.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 182.74 493.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 214.17 493.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 243.38 493.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 289.82 493.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.82 493.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.15 493.10 Td (business ) Tj ET Q q 0 0 0 rg BT 353.05 493.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.49 493.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 400.39 493.10 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 434.04 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.83 493.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 473.03 493.10 Td (exceptions\) ) Tj ET Q q 0 0 0 rg BT 521.13 493.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.46 493.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 63.05 481.10 Td (among ) Tj ET Q q 0 0 0 rg BT 93.03 481.10 Td (other ) Tj ET Q q 0 0 0 rg BT 116.34 481.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 146.06 481.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 169.38 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.47 481.10 Td (suf) Tj ET Q q 0 0 0 rg BT 192.51 481.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 206.38 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.93 481.10 Td (exist ) Tj ET Q q 0 0 0 rg BT 238.58 481.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 268.55 481.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 292.70 481.10 Td (make ) Tj ET Q q 0 0 0 rg BT 317.13 481.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 370.17 481.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 393.48 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.58 481.10 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 442.33 481.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 485.09 481.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 542.01 481.10 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.63 469.10 Td (consolidations, ) Tj ET Q q 0 0 0 rg BT 129.97 469.10 Td (mer) Tj ET Q q 0 0 0 rg BT 145.34 469.10 Td (gers, ) Tj ET Q q 0 0 0 rg BT 166.57 469.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 218.92 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.43 469.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 256.94 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.34 469.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 295.24 469.10 Td (make ) Tj ET Q q 0 0 0 rg BT 318.97 469.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 371.04 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.56 469.10 Td (other ) Tj ET Q q 0 0 0 rg BT 410.17 469.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 449.45 469.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 492.34 469.10 Td (change ) Tj ET Q q 0 0 0 rg BT 522.73 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 469.10 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.76 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.51 457.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 115.33 457.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 146.07 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.27 457.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.46 457.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.67 457.10 Td (af) Tj ET Q q 0 0 0 rg BT 234.26 457.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 263.89 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.76 457.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 303.17 457.10 Td (into ) Tj ET Q q 0 0 0 rg BT 321.15 457.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 363.56 457.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 414.02 457.10 Td (including ) Tj ET Q q 0 0 0 rg BT 454.21 457.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 502.17 457.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.59 457.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 549.78 457.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.30 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.38 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.46 445.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 155.42 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.95 445.10 Td (make ) Tj ET Q q 0 0 0 rg BT 190.36 445.10 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 245.41 445.10 Td (These ) Tj ET Q q 0 0 0 rg BT 272.04 445.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 319.22 445.10 Td (may ) Tj ET Q q 0 0 0 rg BT 339.19 445.10 Td (af) Tj ET Q q 0 0 0 rg BT 346.77 445.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 364.51 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.59 445.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 408.89 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.42 445.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 451.59 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.67 445.10 Td (business ) Tj ET Q q 0 0 0 rg BT 504.31 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.39 445.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 548.67 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 564.50 445.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 84.27 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.32 433.10 Td (may ) Tj ET Q q 0 0 0 rg BT 121.15 433.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 142.66 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.60 433.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 186.77 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.16 433.10 Td (take ) Tj ET Q q 0 0 0 rg BT 216.43 433.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 259.57 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.52 433.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 308.12 433.10 Td (business ) Tj ET Q q 0 0 0 rg BT 344.63 433.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 400.01 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 410.96 433.10 Td (they ) Tj ET Q q 0 0 0 rg BT 430.79 433.10 Td (arise. ) Tj ET Q q 0 0 0 rg BT 454.78 433.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 472.94 433.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 495.00 433.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 520.37 433.10 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (also ) Tj ET Q q 0 0 0 rg BT 69.71 421.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 105.53 421.10 Td (that ) Tj ET Q q 0 0 0 rg BT 124.13 421.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.39 421.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 177.99 421.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 208.79 421.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.38 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.42 421.10 Td (other ) Tj ET Q q 0 0 0 rg BT 289.57 421.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 335.66 421.10 Td (including ) Tj ET Q q 0 0 0 rg BT 377.04 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.09 421.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 439.23 421.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 463.38 421.10 Td (char) Tj ET Q q 0 0 0 rg BT 480.41 421.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 493.45 421.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 533.14 421.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 557.57 421.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.05 409.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 139.42 409.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 162.76 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.70 409.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.65 409.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 239.70 409.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 261.65 409.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 300.24 409.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 323.58 409.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 341.64 409.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 369.70 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.98 409.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 412.49 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.77 409.10 Td (these ) Tj ET Q q 0 0 0 rg BT 455.83 409.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 498.32 409.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.05 409.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.00 409.10 Td (af) Tj ET Q q 0 0 0 rg BT 537.58 409.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.66 397.10 Td (events ) Tj ET Q q 0 0 0 rg BT 90.86 397.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 122.96 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.95 397.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 172.43 397.10 Td (including ) Tj ET Q q 0 0 0 rg BT 212.86 397.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 256.06 397.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 300.09 397.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.73 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.82 397.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 390.26 397.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 437.08 397.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 455.29 397.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 484.04 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.48 397.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 527.13 397.10 Td (with ) Tj ET Q q 0 0 0 rg BT 547.57 397.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.37 385.10 Td (these ) Tj ET Q q 0 0 0 rg BT 84.96 385.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 132.43 385.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.80 385.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.82 385.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 224.84 385.10 Td (could ) Tj ET Q q 0 0 0 rg BT 250.10 385.10 Td (result ) Tj ET Q q 0 0 0 rg BT 275.36 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.17 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 298.65 385.10 Td (event ) Tj ET Q q 0 0 0 rg BT 323.35 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.72 385.10 Td (default ) Tj ET Q q 0 0 0 rg BT 365.52 385.10 Td (under ) Tj ET Q q 0 0 0 rg BT 391.33 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.58 385.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 429.06 385.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 454.87 385.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 502.05 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.52 385.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 548.67 385.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 82.04 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.97 373.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 117.78 373.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 150.93 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.87 373.10 Td (us ) Tj ET Q q 0 0 0 rg BT 173.92 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.52 373.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 223.54 373.10 Td (all ) Tj ET Q q 0 0 0 rg BT 236.69 373.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 273.74 373.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 315.22 373.10 Td (from ) Tj ET Q q 0 0 0 rg BT 337.82 373.10 Td (them ) Tj ET Q q 0 0 0 rg BT 360.97 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.91 373.10 Td (be ) Tj ET Q q 0 0 0 rg BT 384.51 373.10 Td (due ) Tj ET Q q 0 0 0 rg BT 402.10 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.70 373.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 456.46 373.10 Td (together ) Tj ET Q q 0 0 0 rg BT 492.38 373.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.32 373.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 547.56 373.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 79.84 361.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 114.21 361.10 Td (This ) Tj ET Q q 0 0 0 rg BT 134.62 361.10 Td (could ) Tj ET Q q 0 0 0 rg BT 159.46 361.10 Td (require ) Tj ET Q q 0 0 0 rg BT 190.41 361.10 Td (us ) Tj ET Q q 0 0 0 rg BT 201.92 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.33 361.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 252.15 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.11 361.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 290.17 361.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 329.73 361.10 Td (which ) Tj ET Q q 0 0 0 rg BT 356.79 361.10 Td (we ) Tj ET Q q 0 0 0 rg BT 371.08 361.10 Td (may ) Tj ET Q q 0 0 0 rg BT 390.92 361.10 Td (not ) Tj ET Q q 0 0 0 rg BT 406.33 361.10 Td (be ) Tj ET Q q 0 0 0 rg BT 418.39 361.10 Td (able ) Tj ET Q q 0 0 0 rg BT 437.68 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.08 361.10 Td (do ) Tj ET Q q 0 0 0 rg BT 460.71 361.10 Td (at ) Tj ET Q q 0 0 0 rg BT 470.55 361.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 495.40 361.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 540.21 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.62 361.10 Td (us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 349.10 Td (at ) Tj ET Q q 0 0 0 rg BT 70.55 349.10 Td (all. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Consolidation in the steel industry may reduce demand for our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (There ) Tj ET Q q 0 0 0 rg BT 76.03 313.10 Td (has ) Tj ET Q q 0 0 0 rg BT 92.08 313.10 Td (been ) Tj ET Q q 0 0 0 rg BT 113.68 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.84 313.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 165.77 313.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 198.48 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.53 313.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 266.13 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.63 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.56 313.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 312.61 313.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 348.10 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.60 313.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 385.74 313.10 Td (years ) Tj ET Q q 0 0 0 rg BT 409.56 313.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.27 313.10 Td (has ) Tj ET Q q 0 0 0 rg BT 443.32 313.10 Td (included ) Tj ET Q q 0 0 0 rg BT 480.48 313.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 501.52 313.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 524.24 313.10 Td (acquiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 71.32 301.10 Td (fabricators ) Tj ET Q q 0 0 0 rg BT 117.07 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.84 301.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 156.93 301.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 191.58 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.23 301.10 Td (their ) Tj ET Q q 0 0 0 rg BT 227.55 301.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 267.48 301.10 Td (If ) Tj ET Q q 0 0 0 rg BT 277.13 301.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.57 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.89 301.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 329.79 301.10 Td (s ) Tj ET Q q 0 0 0 rg BT 336.67 301.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.88 301.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 425.42 301.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 468.96 301.10 Td (were ) Tj ET Q q 0 0 0 rg BT 491.38 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.15 301.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.58 301.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 552.00 301.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 94.76 289.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 115.64 289.10 Td (mills, ) Tj ET Q q 0 0 0 rg BT 140.69 289.10 Td (this ) Tj ET Q q 0 0 0 rg BT 157.69 289.10 Td (could ) Tj ET Q q 0 0 0 rg BT 182.46 289.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 211.65 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.42 289.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 260.63 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.84 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.72 289.10 Td (products ) Tj ET Q q 0 0 0 rg BT 327.71 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.70 289.10 Td (force ) Tj ET Q q 0 0 0 rg BT 367.78 289.10 Td (us ) Tj ET Q q 0 0 0 rg BT 379.22 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.55 289.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 414.87 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.75 289.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 459.68 289.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 497.22 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.10 289.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 553.68 289.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 277.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 88.75 277.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 136.73 277.10 Td (which ) Tj ET Q q 0 0 0 rg BT 163.33 277.10 Td (could ) Tj ET Q q 0 0 0 rg BT 187.71 277.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 222.62 277.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.11 277.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 255.83 277.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.99 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.59 277.10 Td (have ) Tj ET Q q 0 0 0 rg BT 315.63 277.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.23 277.10 Td (material ) Tj ET Q q 0 0 0 rg BT 357.15 277.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 389.84 277.10 Td (ef) Tj ET Q q 0 0 0 rg BT 397.43 277.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 414.58 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.74 277.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.23 277.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.37 277.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 519.30 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.90 277.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 265.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.51 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.68 244.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 123.29 244.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 161.22 244.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 195.83 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 218.22 244.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 268.95 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.68 244.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 325.96 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.92 244.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 408.55 244.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 455.94 244.10 Td (may ) Tj ET Q q 0 0 0 rg BT 475.55 244.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 505.71 244.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.56 244.10 Td (operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (results ) Tj ET Q q 0 0 0 rg BT 79.73 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.79 232.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.18 232.10 Td (flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 217.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.76 217.10 Td (make ) Tj ET Q q 0 0 0 rg BT 90.10 217.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.00 217.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 185.46 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.92 217.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 241.38 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.50 217.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 319.50 217.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 366.62 217.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 426.51 217.10 Td (aimed ) Tj ET Q q 0 0 0 rg BT 453.63 217.10 Td (at ) Tj ET Q q 0 0 0 rg BT 463.54 217.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 507.31 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.22 217.10 Td (ef) Tj ET Q q 0 0 0 rg BT 529.80 217.10 Td (ficiency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 205.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 114.27 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.75 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.23 205.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 184.60 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.19 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.11 205.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 252.69 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.17 205.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 313.08 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.56 205.10 Td (scale. ) Tj ET Q q 0 0 0 rg BT 348.19 205.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 378.67 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.59 205.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 417.38 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.75 205.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 477.76 205.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 511.57 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.15 205.10 Td (generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 88.20 193.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 118.64 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 131.31 193.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.31 193.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 181.63 193.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 237.62 193.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 271.95 193.10 Td (may ) Tj ET Q q 0 0 0 rg BT 291.83 193.10 Td (have ) Tj ET Q q 0 0 0 rg BT 313.38 193.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.49 193.10 Td (material ) Tj ET Q q 0 0 0 rg BT 355.92 193.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 389.12 193.10 Td (ef) Tj ET Q q 0 0 0 rg BT 396.71 193.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 414.37 193.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.04 193.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.04 193.10 Td (results ) Tj ET Q q 0 0 0 rg BT 471.82 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.82 193.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 527.14 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.25 193.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (flows. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Reliance on third party shipping companies may restrict our ability to ship our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.22 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.10 145.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 115.67 145.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 155.31 145.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 173.30 145.10 Td (on ) Tj ET Q q 0 0 0 rg BT 185.74 145.10 Td (third ) Tj ET Q q 0 0 0 rg BT 207.06 145.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 236.16 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.38 145.10 Td (handle ) Tj ET Q q 0 0 0 rg BT 275.47 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.35 145.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 330.34 145.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 347.77 145.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 386.86 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.08 145.10 Td (their ) Tj ET Q q 0 0 0 rg BT 417.85 145.10 Td (production ) Tj ET Q q 0 0 0 rg BT 463.61 145.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 500.48 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.36 145.10 Td (products ) Tj ET Q q 0 0 0 rg BT 554.24 145.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 94.92 133.10 Td (Despite ) Tj ET Q q 0 0 0 rg BT 127.34 133.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.55 133.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 176.06 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.26 133.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 221.47 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.78 133.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 272.42 133.10 Td (group ) Tj ET Q q 0 0 0 rg BT 297.62 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.83 133.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 345.81 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.01 133.10 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 415.93 133.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 445.01 133.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 476.32 133.10 Td (our ) Tj ET Q q 0 0 0 rg BT 491.53 133.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 524.23 133.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 85.23 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.03 121.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 114.60 121.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 144.00 121.10 Td (political ) Tj ET Q q 0 0 0 rg BT 179.79 121.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 210.86 121.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 268.86 121.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 312.43 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.78 121.10 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 384.84 121.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 420.07 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.87 121.10 Td (market ) Tj ET Q q 0 0 0 rg BT 461.66 121.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 486.06 121.10 Td (carrier ) Tj ET Q q 0 0 0 rg BT 515.17 121.10 Td (availability) Tj ET Q q 0 0 0 rg BT 559.50 121.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (carrier ) Tj ET Q q 0 0 0 rg BT 79.42 109.10 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 123.75 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.59 109.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 167.37 109.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 203.48 109.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 260.70 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.47 109.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 326.25 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.37 109.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 396.24 109.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 455.94 109.10 Td (may ) Tj ET Q q 0 0 0 rg BT 476.49 109.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 518.14 109.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 548.68 109.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.71 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.64 97.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 106.46 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.94 97.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 160.88 97.10 Td (These ) Tj ET Q q 0 0 0 rg BT 186.91 97.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 220.17 97.10 Td (could ) Tj ET Q q 0 0 0 rg BT 244.54 97.10 Td (include ) Tj ET Q q 0 0 0 rg BT 276.12 97.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 303.82 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.31 97.10 Td (other ) Tj ET Q q 0 0 0 rg BT 337.01 97.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 383.61 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.54 97.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 436.25 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.18 97.10 Td (transit ) Tj ET Q q 0 0 0 rg BT 473.33 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.81 97.10 Td (third ) Tj ET Q q 0 0 0 rg BT 504.85 97.10 Td (party ) Tj ET Q q 0 0 0 rg BT 527.55 97.10 Td (shipping ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 94.47 85.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 137.28 85.10 Td (their ) Tj ET Q q 0 0 0 rg BT 157.31 85.10 Td (char) Tj ET Q q 0 0 0 rg BT 174.34 85.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 189.38 85.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.75 85.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 260.00 85.10 Td (services ) Tj ET Q q 0 0 0 rg BT 293.92 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.96 85.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 344.55 85.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 381.25 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 391.29 85.10 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 438.54 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.47 85.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 499.17 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.21 85.10 Td (their ) Tj ET Q q 0 0 0 rg BT 529.24 85.10 Td (vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.54 73.10 Td (ships. ) Tj ET Q q 0 0 0 rg BT 87.10 73.10 Td (As ) Tj ET Q q 0 0 0 rg BT 101.41 73.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.06 73.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 136.98 73.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.85 73.10 Td (may ) Tj ET Q q 0 0 0 rg BT 172.27 73.10 Td (not ) Tj ET Q q 0 0 0 rg BT 188.25 73.10 Td (be ) Tj ET Q q 0 0 0 rg BT 200.90 73.10 Td (able ) Tj ET Q q 0 0 0 rg BT 220.76 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.74 73.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 270.49 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.03 73.10 Td (products ) Tj ET Q q 0 0 0 rg BT 324.67 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.66 73.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.30 73.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 372.06 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.70 73.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 416.73 73.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 447.14 73.10 Td (manner) Tj ET Q q 0 0 0 rg BT 476.72 73.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.43 73.10 Td (which ) Tj ET Q q 0 0 0 rg BT 510.07 73.10 Td (could ) Tj ET Q q 0 0 0 rg BT 535.49 73.10 Td (have ) Tj ET Q q 0 0 0 rg BT 557.58 73.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (material ) Tj ET Q q 0 0 0 rg BT 85.26 61.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.30 61.10 Td (ef) Tj ET Q q 0 0 0 rg BT 125.88 61.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 143.37 61.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.87 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.70 61.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.18 61.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 249.45 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.39 61.10 Td (results ) Tj ET Q q 0 0 0 rg BT 295.00 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.83 61.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.99 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.92 61.10 Td (may ) Tj ET Q q 0 0 0 rg BT 386.64 61.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 409.69 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.52 61.10 Td (reputation.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (19) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Equipment upgrades, equipment failures and facility damage may lead to production curtailments or shutdowns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.40 725.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 110.44 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.73 725.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 190.88 725.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 233.04 725.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 265.77 725.25 Td (on ) Tj ET Q q 0 0 0 rg BT 279.61 725.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 311.21 725.25 Td (pieces ) Tj ET Q q 0 0 0 rg BT 340.04 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.22 725.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 400.77 725.25 Td (including ) Tj ET Q q 0 0 0 rg BT 442.39 725.25 Td (shredders, ) Tj ET Q q 0 0 0 rg BT 487.06 725.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 534.22 725.25 Td (sorting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 713.25 Td (, ) Tj ET Q q 0 0 0 rg BT 98.76 713.25 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 135.10 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.02 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 158.93 713.25 Td (rolling ) Tj ET Q q 0 0 0 rg BT 188.07 713.25 Td (mill, ) Tj ET Q q 0 0 0 rg BT 209.16 713.25 Td (which ) Tj ET Q q 0 0 0 rg BT 236.07 713.25 Td (may ) Tj ET Q q 0 0 0 rg BT 255.77 713.25 Td (be ) Tj ET Q q 0 0 0 rg BT 267.68 713.25 Td (out ) Tj ET Q q 0 0 0 rg BT 282.93 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.74 713.25 Td (service ) Tj ET Q q 0 0 0 rg BT 324.53 713.25 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 376.99 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 391.12 713.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 433.58 713.25 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 472.16 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 482.96 713.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 535.97 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 546.77 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.58 713.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (result ) Tj ET Q q 0 0 0 rg BT 74.04 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.20 701.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 139.89 701.25 Td (failures. ) Tj ET Q q 0 0 0 rg BT 174.20 701.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 191.58 701.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 227.83 701.25 Td (are ) Tj ET Q q 0 0 0 rg BT 241.86 701.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.01 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.62 701.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 325.65 701.25 Td (failures ) Tj ET Q q 0 0 0 rg BT 357.46 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.73 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.77 701.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 404.60 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.75 701.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 464.89 701.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 482.27 701.25 Td (due ) Tj ET Q q 0 0 0 rg BT 498.54 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.14 701.25 Td (unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (events ) Tj ET Q q 0 0 0 rg BT 77.25 689.25 Td (such ) Tj ET Q q 0 0 0 rg BT 97.28 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.30 689.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 129.27 689.25 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 181.23 689.25 Td (accidents ) Tj ET Q q 0 0 0 rg BT 220.13 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.16 689.25 Td (violent ) Tj ET Q q 0 0 0 rg BT 259.63 689.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 292.97 689.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 338.72 689.25 Td (W) Tj ET Q q 0 0 0 rg BT 347.35 689.25 Td (e ) Tj ET Q q 0 0 0 rg BT 353.49 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 374.07 689.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 414.08 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.56 689.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 447.47 689.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 476.37 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.40 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.31 689.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 520.90 689.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.44 677.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 115.32 677.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 149.08 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.19 677.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 203.85 677.25 Td (business ) Tj ET Q q 0 0 0 rg BT 240.41 677.25 Td (interruption, ) Tj ET Q q 0 0 0 rg BT 292.78 677.25 Td (but ) Tj ET Q q 0 0 0 rg BT 308.23 677.25 Td (there ) Tj ET Q q 0 0 0 rg BT 330.88 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 345.75 677.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 375.62 677.25 Td (events ) Tj ET Q q 0 0 0 rg BT 403.83 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 421.49 677.25 Td (would ) Tj ET Q q 0 0 0 rg BT 449.16 677.25 Td (not ) Tj ET Q q 0 0 0 rg BT 464.60 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 476.71 677.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 511.02 677.25 Td (by ) Tj ET Q q 0 0 0 rg BT 523.69 677.25 Td (insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.53 665.25 Td (there ) Tj ET Q q 0 0 0 rg BT 88.62 665.25 Td (can ) Tj ET Q q 0 0 0 rg BT 104.59 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 116.12 665.25 Td (no ) Tj ET Q q 0 0 0 rg BT 128.22 665.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 169.18 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 186.27 665.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 226.69 665.25 Td (will ) Tj ET Q q 0 0 0 rg BT 244.34 665.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 280.87 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.74 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 302.28 665.25 Td (available ) Tj ET Q q 0 0 0 rg BT 340.46 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.56 665.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 396.84 665.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 423.66 665.25 Td (Interruptions ) Tj ET Q q 0 0 0 rg BT 477.41 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.28 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 502.71 665.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 547.57 665.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (production ) Tj ET Q q 0 0 0 rg BT 95.97 653.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 144.16 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.24 653.25 Td (shutdowns ) Tj ET Q q 0 0 0 rg BT 206.68 653.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 244.32 653.25 Td (from ) Tj ET Q q 0 0 0 rg BT 266.41 653.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 322.92 653.25 Td (events ) Tj ET Q q 0 0 0 rg BT 351.12 653.25 Td (could ) Tj ET Q q 0 0 0 rg BT 375.98 653.25 Td (have ) Tj ET Q q 0 0 0 rg BT 397.50 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 404.59 653.25 Td (material ) Tj ET Q q 0 0 0 rg BT 440.00 653.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 473.18 653.25 Td (ef) Tj ET Q q 0 0 0 rg BT 480.77 653.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.40 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 511.05 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 653.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 92.77 641.25 Td (results ) Tj ET Q q 0 0 0 rg BT 121.38 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.21 641.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 176.37 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.31 641.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 213.57 641.25 Td (flows. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (Product liability claims may adversely impact our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 605.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.48 605.25 Td (could ) Tj ET Q q 0 0 0 rg BT 88.09 605.25 Td (inadvertently ) Tj ET Q q 0 0 0 rg BT 142.25 605.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 173.08 605.25 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 218.90 605.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 241.40 605.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 265.01 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 281.40 605.25 Td (could ) Tj ET Q q 0 0 0 rg BT 305.02 605.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 349.19 605.25 Td (be ) Tj ET Q q 0 0 0 rg BT 360.03 605.25 Td (included ) Tj ET Q q 0 0 0 rg BT 395.86 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.04 605.25 Td (mixed ) Tj ET Q q 0 0 0 rg BT 431.44 605.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 453.94 605.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 477.55 605.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 510.06 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.24 605.25 Td (consumers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 97.33 593.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 137.75 593.25 Td (we ) Tj ET Q q 0 0 0 rg BT 152.05 593.25 Td (have ) Tj ET Q q 0 0 0 rg BT 173.57 593.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 209.54 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.96 593.25 Td (radiation ) Tj ET Q q 0 0 0 rg BT 258.15 593.25 Td (detection ) Tj ET Q q 0 0 0 rg BT 297.44 593.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 342.30 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.72 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.58 593.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 404.10 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.08 593.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.05 593.25 Td (locations, ) Tj ET Q q 0 0 0 rg BT 472.29 593.25 Td (including ) Tj ET Q q 0 0 0 rg BT 512.71 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 593.25 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.46 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 97.92 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 111.59 581.25 Td (ship ) Tj ET Q q 0 0 0 rg BT 130.28 581.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 162.84 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.64 581.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 217.71 581.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 245.82 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.62 581.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 281.51 581.25 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 327.95 581.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 351.06 581.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 375.30 581.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 408.97 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 415.43 581.25 Td (possibility) Tj ET Q q 0 0 0 rg BT 456.45 581.25 Td (. ) Tj ET Q q 0 0 0 rg BT 460.97 581.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 483.54 581.25 Td (though ) Tj ET Q q 0 0 0 rg BT 513.33 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 527.01 581.25 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.66 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.78 569.25 Td (address ) Tj ET Q q 0 0 0 rg BT 133.11 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.67 569.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 165.01 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.68 569.25 Td (this ) Tj ET Q q 0 0 0 rg BT 192.47 569.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 220.90 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.02 569.25 Td (detection, ) Tj ET Q q 0 0 0 rg BT 272.51 569.25 Td (there ) Tj ET Q q 0 0 0 rg BT 294.84 569.25 Td (can ) Tj ET Q q 0 0 0 rg BT 311.06 569.25 Td (be ) Tj ET Q q 0 0 0 rg BT 322.84 569.25 Td (no ) Tj ET Q q 0 0 0 rg BT 335.18 569.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 376.39 569.25 Td (that ) Tj ET Q q 0 0 0 rg BT 393.73 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.28 569.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 448.94 569.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 487.37 569.25 Td (would ) Tj ET Q q 0 0 0 rg BT 514.71 569.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.49 569.25 Td (adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.46 557.25 Td (will ) Tj ET Q q 0 0 0 rg BT 78.15 557.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 114.72 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.63 557.25 Td (be ) Tj ET Q q 0 0 0 rg BT 136.20 557.25 Td (available ) Tj ET Q q 0 0 0 rg BT 174.42 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 186.56 557.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 230.88 557.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 257.73 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 268.19 557.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 305.59 557.25 Td (if ) Tj ET Q q 0 0 0 rg BT 313.84 557.25 Td (we ) Tj ET Q q 0 0 0 rg BT 327.63 557.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 343.09 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.00 557.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 374.56 557.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 421.12 557.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 475.45 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.24 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 495.82 557.25 Td (product, ) Tj ET Q q 0 0 0 rg BT 531.00 557.25 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 557.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.61 545.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.10 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.05 545.25 Td (product ) Tj ET Q q 0 0 0 rg BT 134.77 545.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 172.48 545.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.65 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.26 545.25 Td (claims. ) Tj ET Q q 0 0 0 rg BT 241.87 545.25 Td (These ) Tj ET Q q 0 0 0 rg BT 267.92 545.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.09 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.70 545.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 334.98 545.25 Td (could ) Tj ET Q q 0 0 0 rg BT 359.36 545.25 Td (both ) Tj ET Q q 0 0 0 rg BT 379.31 545.25 Td (have ) Tj ET Q q 0 0 0 rg BT 400.36 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.97 545.25 Td (material ) Tj ET Q q 0 0 0 rg BT 441.90 545.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 474.60 545.25 Td (ef) Tj ET Q q 0 0 0 rg BT 482.19 545.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 499.35 545.25 Td (on ) Tj ET Q q 0 0 0 rg BT 511.52 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.02 545.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.27 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 533.25 Td (results ) Tj ET Q q 0 0 0 rg BT 135.82 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.65 533.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.81 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.74 533.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 230.79 533.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.62 533.25 Td (reputation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 512.25 Td (e are subject to legal proceedings and legal compliance risks that may adversely impact our financial condition, results of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 500.25 Td (operations and liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 485.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.33 485.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 90.91 485.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 135.93 485.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 175.94 485.25 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 212.63 485.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.87 485.25 Td (we ) Tj ET Q q 0 0 0 rg BT 243.78 485.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 276.03 485.25 Td (with ) Tj ET Q q 0 0 0 rg BT 296.06 485.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 334.41 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.10 485.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 382.22 485.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 431.41 485.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 478.08 485.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 524.77 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 485.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 71.92 473.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 114.67 473.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 183.81 473.25 Td (this, ) Tj ET Q q 0 0 0 rg BT 203.24 473.25 Td (we ) Tj ET Q q 0 0 0 rg BT 217.39 473.25 Td (are ) Tj ET Q q 0 0 0 rg BT 232.07 473.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 262.88 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.14 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.06 473.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 310.31 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.12 473.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 343.04 473.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 393.83 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.75 473.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 459.32 473.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 480.70 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.96 473.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 521.75 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.57 473.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 83.76 461.25 Td (including ) Tj ET Q q 0 0 0 rg BT 123.36 461.25 Td (regulatory) Tj ET Q q 0 0 0 rg BT 163.81 461.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.13 461.25 Td (safety) Tj ET Q q 0 0 0 rg BT 191.36 461.25 Td (, ) Tj ET Q q 0 0 0 rg BT 195.69 461.25 Td (environmental, ) Tj ET Q q 0 0 0 rg BT 257.78 461.25 Td (employment, ) Tj ET Q q 0 0 0 rg BT 312.09 461.25 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 371.96 461.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 418.21 461.25 Td (property) Tj ET Q q 0 0 0 rg BT 451.44 461.25 Td (, ) Tj ET Q q 0 0 0 rg BT 455.77 461.25 Td (contractual, ) Tj ET Q q 0 0 0 rg BT 504.52 461.25 Td (import/export, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (international ) Tj ET Q q 0 0 0 rg BT 102.51 449.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 124.47 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.89 449.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 197.84 449.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 229.25 449.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.22 449.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 267.07 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.83 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.02 449.25 Td (course ) Tj ET Q q 0 0 0 rg BT 319.09 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.40 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.70 449.25 Td (business ) Tj ET Q q 0 0 0 rg BT 380.57 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.98 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.74 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 422.04 449.25 Td (industry) Tj ET Q q 0 0 0 rg BT 454.17 449.25 Td (. ) Tj ET Q q 0 0 0 rg BT 458.65 449.25 Td (For ) Tj ET Q q 0 0 0 rg BT 474.51 449.25 Td (information ) Tj ET Q q 0 0 0 rg BT 523.70 449.25 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.21 437.25 Td (current ) Tj ET Q q 0 0 0 rg BT 95.41 437.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 139.50 437.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 160.82 437.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 213.52 437.25 Td (see ) Tj ET Q q 0 0 0 rg BT 228.17 437.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 257.25 437.25 Td (Proceedings ) Tj ET Q q 0 0 0 rg BT 312.45 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.11 437.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 340.10 437.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 347.81 437.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 368.02 437.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 374.90 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.12 437.25 Td (this ) Tj ET Q q 0 0 0 rg BT 401.45 437.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 429.29 437.25 Td (A) Tj ET Q q 0 0 0 rg BT 435.96 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 437.84 437.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 473.60 437.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 509.91 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.57 437.25 Td (an ) Tj ET Q q 0 0 0 rg BT 530.90 437.25 Td (unusual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.74 425.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 105.35 425.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 127.19 425.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 174.02 425.25 Td (or ) Tj ET Q q 0 0 0 rg BT 184.76 425.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 233.26 425.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 287.32 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.51 425.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 326.01 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.75 425.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 377.47 425.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 420.96 425.25 Td (could ) Tj ET Q q 0 0 0 rg BT 445.58 425.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 486.30 425.25 Td (af) Tj ET Q q 0 0 0 rg BT 493.89 425.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 511.28 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.02 425.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.27 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 413.25 Td (results ) Tj ET Q q 0 0 0 rg BT 135.82 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.65 413.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (Climate change may adversely impact our facilities and our ongoing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.98 377.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 105.41 377.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 141.17 377.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 174.71 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.47 377.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 217.34 377.25 Td (change ) Tj ET Q q 0 0 0 rg BT 248.09 377.25 Td (on ) Tj ET Q q 0 0 0 rg BT 260.52 377.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.29 377.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 320.38 377.25 Td (are ) Tj ET Q q 0 0 0 rg BT 335.02 377.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 363.02 377.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 402.65 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.53 377.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 450.84 377.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 473.28 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.93 377.25 Td (unique ) Tj ET Q q 0 0 0 rg BT 517.58 377.25 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.58 365.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 128.49 365.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 158.84 365.25 Td (present, ) Tj ET Q q 0 0 0 rg BT 193.37 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 208.17 365.25 Td (example ) Tj ET Q q 0 0 0 rg BT 245.19 365.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 271.11 365.25 Td (sea ) Tj ET Q q 0 0 0 rg BT 287.03 365.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 313.50 365.25 Td (at ) Tj ET Q q 0 0 0 rg BT 323.86 365.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.34 365.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 362.36 365.25 Td (water ) Tj ET Q q 0 0 0 rg BT 387.71 365.25 Td (port ) Tj ET Q q 0 0 0 rg BT 406.97 365.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 447.04 365.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 486.84 365.25 Td (storm ) Tj ET Q q 0 0 0 rg BT 512.77 365.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 547.57 365.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (intensities, ) Tj ET Q q 0 0 0 rg BT 95.02 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.42 353.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 150.05 353.25 Td (temperature ) Tj ET Q q 0 0 0 rg BT 199.76 353.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 227.12 353.25 Td (As ) Tj ET Q q 0 0 0 rg BT 240.20 353.25 Td (many ) Tj ET Q q 0 0 0 rg BT 264.38 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.68 353.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.98 353.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 329.15 353.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 365.54 353.25 Td (are ) Tj ET Q q 0 0 0 rg BT 379.72 353.25 Td (located ) Tj ET Q q 0 0 0 rg BT 410.55 353.25 Td (near ) Tj ET Q q 0 0 0 rg BT 429.73 353.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 450.57 353.25 Td (water ) Tj ET Q q 0 0 0 rg BT 474.75 353.25 Td (ports, ) Tj ET Q q 0 0 0 rg BT 499.21 353.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 523.96 353.25 Td (sea ) Tj ET Q q 0 0 0 rg BT 538.69 353.25 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.68 341.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 101.92 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.71 341.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.72 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.96 341.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 191.28 341.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 215.84 341.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 244.02 341.25 Td (process ) Tj ET Q q 0 0 0 rg BT 277.47 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.14 341.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 317.70 341.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 343.38 341.25 Td (through ) Tj ET Q q 0 0 0 rg BT 377.95 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.74 341.25 Td (mega-shredders ) Tj ET Q q 0 0 0 rg BT 461.50 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.40 341.25 Td (ship ) Tj ET Q q 0 0 0 rg BT 499.53 341.25 Td (products ) Tj ET Q q 0 0 0 rg BT 537.43 341.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.67 341.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.26 329.25 Td (Periods ) Tj ET Q q 0 0 0 rg BT 127.47 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.02 329.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 176.32 329.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 209.07 329.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 242.93 329.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 286.81 329.25 Td (may ) Tj ET Q q 0 0 0 rg BT 306.24 329.25 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 334.57 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.00 329.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 377.88 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 388.43 329.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 411.74 329.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 436.16 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.67 329.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 470.66 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.31 329.25 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 513.15 329.25 Td (which ) Tj ET Q q 0 0 0 rg BT 539.80 329.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.33 317.25 Td (an ) Tj ET Q q 0 0 0 rg BT 83.23 317.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 116.22 317.25 Td (ef) Tj ET Q q 0 0 0 rg BT 123.81 317.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 141.25 317.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.70 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 169.49 317.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 191.38 317.25 Td (or ) Tj ET Q q 0 0 0 rg BT 202.17 317.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 226.83 317.25 Td (us ) Tj ET Q q 0 0 0 rg BT 238.17 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.41 317.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 264.19 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.42 317.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 296.31 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.09 317.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 333.99 317.25 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 393.38 317.25 Td (In ) Tj ET Q q 0 0 0 rg BT 404.17 317.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 441.90 317.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 481.57 317.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 513.46 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.25 317.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (temperature ) Tj ET Q q 0 0 0 rg BT 100.70 305.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 126.97 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.69 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.86 305.25 Td (summer ) Tj ET Q q 0 0 0 rg BT 188.02 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.75 305.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 222.23 305.25 Td (where ) Tj ET Q q 0 0 0 rg BT 249.60 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 265.88 305.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 286.04 305.25 Td (store ) Tj ET Q q 0 0 0 rg BT 308.43 305.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 353.03 305.25 Td (are ) Tj ET Q q 0 0 0 rg BT 368.19 305.25 Td (located ) Tj ET Q q 0 0 0 rg BT 400.00 305.25 Td (could ) Tj ET Q q 0 0 0 rg BT 425.17 305.25 Td (result ) Tj ET Q q 0 0 0 rg BT 450.33 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 461.06 305.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 495.65 305.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 535.25 305.25 Td (traf) Tj ET Q q 0 0 0 rg BT 548.95 305.25 Td (fic, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 69.17 293.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 106.67 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.94 293.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 142.21 293.25 Td (admissions ) Tj ET Q q 0 0 0 rg BT 189.16 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.10 293.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 228.04 293.25 Td (sales.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 272.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.09 272.25 Td (may ) Tj ET Q q 0 0 0 rg BT 84.80 272.25 Td (not ) Tj ET Q q 0 0 0 rg BT 100.64 272.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 130.36 272.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.31 272.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 184.24 272.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 199.52 272.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 225.91 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.75 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.03 272.25 Td (future) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.26 257.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 115.42 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.47 257.25 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 184.71 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.76 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.81 257.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 247.83 257.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 262.76 257.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.81 257.25 Td (is ) Tj ET Q q 0 0 0 rg BT 298.20 257.25 Td (based ) Tj ET Q q 0 0 0 rg BT 323.68 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 336.40 257.25 Td (an ) Tj ET Q q 0 0 0 rg BT 348.56 257.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 392.92 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.97 257.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 438.35 257.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 472.74 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.89 257.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 526.48 257.25 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.11 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 71.66 245.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 106.64 245.25 Td (it ) Tj ET Q q 0 0 0 rg BT 114.98 245.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.42 245.25 Td (more ) Tj ET Q q 0 0 0 rg BT 147.74 245.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 173.29 245.25 Td (than ) Tj ET Q q 0 0 0 rg BT 193.29 245.25 Td (not ) Tj ET Q q 0 0 0 rg BT 208.84 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 226.61 245.25 Td (they ) Tj ET Q q 0 0 0 rg BT 246.60 245.25 Td (will ) Tj ET Q q 0 0 0 rg BT 264.94 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 277.15 245.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 314.07 245.25 Td (If ) Tj ET Q q 0 0 0 rg BT 323.50 245.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 360.15 245.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 398.46 245.25 Td (outweighs ) Tj ET Q q 0 0 0 rg BT 442.34 245.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 476.78 245.25 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 517.59 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.81 245.25 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 93.99 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 104.12 233.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 143.40 233.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 193.51 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.30 233.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 242.07 233.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 257.75 233.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.54 233.25 Td (may ) Tj ET Q q 0 0 0 rg BT 305.22 233.25 Td (result ) Tj ET Q q 0 0 0 rg BT 330.89 233.25 Td (from ) Tj ET Q q 0 0 0 rg BT 353.79 233.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 399.47 233.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 436.80 233.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 473.04 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.83 233.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 527.16 233.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 557.56 233.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.93 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.22 221.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 133.61 221.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 186.65 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.60 221.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 250.55 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.40 221.25 Td (future ) Tj ET Q q 0 0 0 rg BT 287.79 221.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 319.17 221.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 353.62 221.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 386.67 221.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 421.40 221.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.69 221.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 452.53 221.25 Td (or ) Tj ET Q q 0 0 0 rg BT 463.38 221.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 510.33 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.28 221.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.23 221.25 Td (variety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 209.25 Td (other ) Tj ET Q q 0 0 0 rg BT 83.35 209.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 115.29 209.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 164.18 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.74 209.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 210.28 209.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 224.73 209.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 250.30 209.25 Td (could ) Tj ET Q q 0 0 0 rg BT 274.75 209.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.86 209.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.54 209.25 Td (material ) Tj ET Q q 0 0 0 rg BT 337.53 209.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 370.30 209.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 399.75 209.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.99 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.55 209.25 Td (results ) Tj ET Q q 0 0 0 rg BT 455.90 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.46 209.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 510.35 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 209.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 89.38 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.43 197.25 Td (could ) Tj ET Q q 0 0 0 rg BT 129.25 197.25 Td (result ) Tj ET Q q 0 0 0 rg BT 153.08 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.46 197.25 Td (not ) Tj ET Q q 0 0 0 rg BT 176.85 197.25 Td (realizing ) Tj ET Q q 0 0 0 rg BT 213.44 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.26 197.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 262.18 197.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 276.00 197.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 303.44 197.25 Td (In ) Tj ET Q q 0 0 0 rg BT 313.38 197.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 339.41 197.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 364.62 197.25 Td (we ) Tj ET Q q 0 0 0 rg BT 377.88 197.25 Td (have ) Tj ET Q q 0 0 0 rg BT 398.37 197.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 434.95 197.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 478.77 197.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 517.59 197.25 Td (allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (against ) Tj ET Q q 0 0 0 rg BT 81.37 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.75 185.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 134.11 185.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 149.38 185.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 178.25 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.74 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.12 185.25 Td (low ) Tj ET Q q 0 0 0 rg BT 230.17 185.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 259.88 185.25 Td (ef) Tj ET Q q 0 0 0 rg BT 267.46 185.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 297.71 185.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 312.98 185.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 331.02 185.25 Td (in ) Tj ET Q q 0 0 0 rg BT 341.84 185.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 366.55 185.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 389.60 185.25 Td (is ) Tj ET Q q 0 0 0 rg BT 399.32 185.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 439.58 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.84 185.25 Td (result ) Tj ET Q q 0 0 0 rg BT 480.11 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.49 185.25 Td (our ) Tj ET Q q 0 0 0 rg BT 507.87 185.25 Td (full ) Tj ET Q q 0 0 0 rg BT 524.80 185.25 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.47 173.25 Td (position. ) Tj ET Q q 0 0 0 rg BT 129.14 173.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 166.61 173.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.77 173.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 206.04 173.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 246.85 173.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.57 173.25 Td (future ) Tj ET Q q 0 0 0 rg BT 282.39 173.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 313.77 173.25 Td (may ) Tj ET Q q 0 0 0 rg BT 332.93 173.25 Td (require ) Tj ET Q q 0 0 0 rg BT 363.19 173.25 Td (further ) Tj ET Q q 0 0 0 rg BT 392.34 173.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 431.49 173.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 477.86 173.25 Td (if ) Tj ET Q q 0 0 0 rg BT 485.91 173.25 Td (it ) Tj ET Q q 0 0 0 rg BT 493.41 173.25 Td (is ) Tj ET Q q 0 0 0 rg BT 502.02 173.25 Td (not ) Tj ET Q q 0 0 0 rg BT 516.74 173.25 Td (more ) Tj ET Q q 0 0 0 rg BT 539.23 173.25 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (than ) Tj ET Q q 0 0 0 rg BT 69.72 161.25 Td (not ) Tj ET Q q 0 0 0 rg BT 85.00 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 102.49 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.21 161.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 153.01 161.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 167.73 161.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.56 161.25 Td (will ) Tj ET Q q 0 0 0 rg BT 211.62 161.25 Td (be ) Tj ET Q q 0 0 0 rg BT 223.55 161.25 Td (realized.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 140.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 67.69 140.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 108.52 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.58 140.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 162.97 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.81 140.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.09 140.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 212.15 140.25 Td (may ) Tj ET Q q 0 0 0 rg BT 231.87 140.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 272.69 140.25 Td (af) Tj ET Q q 0 0 0 rg BT 280.83 140.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 298.32 140.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.27 140.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 355.00 140.25 Td (results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.83 125.25 Td (a ) Tj ET Q q 0 0 0 rg BT 70.98 125.25 Td (company ) Tj ET Q q 0 0 0 rg BT 110.34 125.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 157.49 125.25 Td (business ) Tj ET Q q 0 0 0 rg BT 194.09 125.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.81 125.25 Td (a ) Tj ET Q q 0 0 0 rg BT 213.96 125.25 Td (global ) Tj ET Q q 0 0 0 rg BT 241.67 125.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 264.38 125.25 Td (with ) Tj ET Q q 0 0 0 rg BT 284.87 125.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 320.91 125.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 365.27 125.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 411.87 125.25 Td (North ) Tj ET Q q 0 0 0 rg BT 437.32 125.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 476.95 125.25 Td (we ) Tj ET Q q 0 0 0 rg BT 491.33 125.25 Td (are ) Tj ET Q q 0 0 0 rg BT 506.24 125.25 Td (exposed, ) Tj ET Q q 0 0 0 rg BT 544.23 125.25 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 83.15 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.20 113.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 137.87 113.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.99 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.38 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.20 113.25 Td (ef) Tj ET Q q 0 0 0 rg BT 175.79 113.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 197.28 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.22 113.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 243.04 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.43 113.25 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 276.32 113.25 Td (state, ) Tj ET Q q 0 0 0 rg BT 299.76 113.25 Td (local ) Tj ET Q q 0 0 0 rg BT 321.80 113.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.85 113.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 370.34 113.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.17 113.25 Td (rules. ) Tj ET Q q 0 0 0 rg BT 409.53 113.25 Td (T) Tj ET Q q 0 0 0 rg BT 414.94 113.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 435.32 113.25 Td (for ) Tj ET Q q 0 0 0 rg BT 449.59 113.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 487.19 113.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 526.45 113.25 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.08 101.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.49 101.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.34 101.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 142.20 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.61 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.47 101.25 Td (future ) Tj ET Q q 0 0 0 rg BT 193.99 101.25 Td (may ) Tj ET Q q 0 0 0 rg BT 213.84 101.25 Td (be ) Tj ET Q q 0 0 0 rg BT 225.92 101.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 266.88 101.25 Td (af) Tj ET Q q 0 0 0 rg BT 274.46 101.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 301.53 101.25 Td (by ) Tj ET Q q 0 0 0 rg BT 314.17 101.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 349.01 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.43 101.25 Td (such ) Tj ET Q q 0 0 0 rg BT 380.40 101.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 395.25 101.25 Td (rules. ) Tj ET Q q 0 0 0 rg BT 419.83 101.25 Td (In ) Tj ET Q q 0 0 0 rg BT 430.80 101.25 Td (many ) Tj ET Q q 0 0 0 rg BT 455.66 101.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 481.89 101.25 Td (such ) Tj ET Q q 0 0 0 rg BT 502.86 101.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 537.71 101.25 Td (put ) Tj ET Q q 0 0 0 rg BT 553.13 101.25 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (at ) Tj ET Q q 0 0 0 rg BT 59.15 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 65.51 89.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 114.65 89.25 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 168.78 89.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 210.13 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.84 89.25 Td (some ) Tj ET Q q 0 0 0 rg BT 242.88 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.13 89.25 Td (our ) Tj ET Q q 0 0 0 rg BT 268.39 89.25 Td (major ) Tj ET Q q 0 0 0 rg BT 293.65 89.25 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 345.29 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.00 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.14 89.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 395.50 89.25 Td (we ) Tj ET Q q 0 0 0 rg BT 409.09 89.25 Td (are ) Tj ET Q q 0 0 0 rg BT 423.23 89.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 451.81 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.52 89.25 Td (pass ) Tj ET Q q 0 0 0 rg BT 480.67 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.81 89.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 508.96 89.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 530.89 89.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 77.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 77.25 Td (customers. ) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (20) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.62 742.25 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 115.54 742.25 Td (incident ) Tj ET Q q 0 0 0 rg BT 151.38 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 171.09 742.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 211.91 742.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 242.18 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 259.14 742.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.86 742.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 342.76 742.25 Td (results ) Tj ET Q q 0 0 0 rg BT 372.49 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.32 742.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.16 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.22 742.25 Td (reputation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 727.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.80 727.25 Td (face ) Tj ET Q q 0 0 0 rg BT 85.17 727.25 Td (global ) Tj ET Q q 0 0 0 rg BT 112.90 727.25 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 169.48 727.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 191.10 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.27 727.25 Td (threats ) Tj ET Q q 0 0 0 rg BT 237.65 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 250.37 727.25 Td (a ) Tj ET Q q 0 0 0 rg BT 257.54 727.25 Td (continual ) Tj ET Q q 0 0 0 rg BT 297.48 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.64 727.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 350.14 727.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 375.17 727.25 Td (These ) Tj ET Q q 0 0 0 rg BT 401.78 727.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 423.39 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.56 727.25 Td (threats ) Tj ET Q q 0 0 0 rg BT 469.94 727.25 Td (range ) Tj ET Q q 0 0 0 rg BT 494.87 727.25 Td (from ) Tj ET Q q 0 0 0 rg BT 517.04 727.25 Td (inadvertent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (release ) Tj ET Q q 0 0 0 rg BT 81.11 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.80 715.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 131.15 715.25 Td (information ) Tj ET Q q 0 0 0 rg BT 181.71 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.85 715.25 Td (sophisticated ) Tj ET Q q 0 0 0 rg BT 248.42 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.21 715.25 Td (tar) Tj ET Q q 0 0 0 rg BT 276.58 715.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 301.59 715.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 342.15 715.25 Td (directed ) Tj ET Q q 0 0 0 rg BT 377.71 715.25 Td (at ) Tj ET Q q 0 0 0 rg BT 388.28 715.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 403.03 715.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 421.94 715.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.95 715.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 500.30 715.25 Td (use ) Tj ET Q q 0 0 0 rg BT 516.99 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.67 715.25 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 85.37 703.25 Td (that ) Tj ET Q q 0 0 0 rg BT 104.07 703.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 140.26 703.25 Td (store ) Tj ET Q q 0 0 0 rg BT 163.40 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.54 703.25 Td (transmit ) Tj ET Q q 0 0 0 rg BT 218.01 703.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 256.71 703.25 Td (information ) Tj ET Q q 0 0 0 rg BT 307.62 703.25 Td (about ) Tj ET Q q 0 0 0 rg BT 333.54 703.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.57 703.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 397.32 703.25 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 439.63 703.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 488.59 703.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.28 703.25 Td (position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.95 691.25 Td (results ) Tj ET Q q 0 0 0 rg BT 118.25 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.87 691.25 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 177.16 691.25 Td (While ) Tj ET Q q 0 0 0 rg BT 203.78 691.25 Td (we ) Tj ET Q q 0 0 0 rg BT 217.63 691.25 Td (are ) Tj ET Q q 0 0 0 rg BT 232.02 691.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.99 691.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 273.04 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.56 691.25 Td (any ) Tj ET Q q 0 0 0 rg BT 300.18 691.25 Td (material ) Tj ET Q q 0 0 0 rg BT 335.13 691.25 Td (cyber) Tj ET Q q 0 0 0 rg BT 357.13 691.25 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 390.42 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.93 691.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 438.09 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.61 691.25 Td (our ) Tj ET Q q 0 0 0 rg BT 464.13 691.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 497.98 691.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.95 691.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 529.29 691.25 Td (we ) Tj ET Q q 0 0 0 rg BT 543.14 691.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.52 679.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 105.03 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.89 679.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 161.74 679.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 202.03 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.88 679.25 Td (safeguard ) Tj ET Q q 0 0 0 rg BT 254.83 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 271.24 679.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 305.99 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.51 679.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 359.36 679.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 397.43 679.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 421.90 679.25 Td (but ) Tj ET Q q 0 0 0 rg BT 437.76 679.25 Td (there ) Tj ET Q q 0 0 0 rg BT 460.83 679.25 Td (is ) Tj ET Q q 0 0 0 rg BT 470.58 679.25 Td (no ) Tj ET Q q 0 0 0 rg BT 483.66 679.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 525.60 679.25 Td (that ) Tj ET Q q 0 0 0 rg BT 543.68 679.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 80.26 667.25 Td (will ) Tj ET Q q 0 0 0 rg BT 97.74 667.25 Td (be ) Tj ET Q q 0 0 0 rg BT 109.11 667.25 Td (suf) Tj ET Q q 0 0 0 rg BT 121.15 667.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 148.63 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.34 667.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 190.25 667.25 Td (cyber) Tj ET Q q 0 0 0 rg BT 212.26 667.25 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 245.29 667.25 Td (or ) Tj ET Q q 0 0 0 rg BT 255.55 667.25 Td (security ) Tj ET Q q 0 0 0 rg BT 289.13 667.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 326.04 667.25 Td (that ) Tj ET Q q 0 0 0 rg BT 342.97 667.25 Td (manipulate ) Tj ET Q q 0 0 0 rg BT 389.33 667.25 Td (or ) Tj ET Q q 0 0 0 rg BT 399.59 667.25 Td (improperly ) Tj ET Q q 0 0 0 rg BT 445.95 667.25 Td (use ) Tj ET Q q 0 0 0 rg BT 461.21 667.25 Td (our ) Tj ET Q q 0 0 0 rg BT 476.47 667.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 512.58 667.25 Td (compromise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 86.98 655.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 138.67 655.25 Td (destroy ) Tj ET Q q 0 0 0 rg BT 170.09 655.25 Td (or ) Tj ET Q q 0 0 0 rg BT 180.41 655.25 Td (corrupt ) Tj ET Q q 0 0 0 rg BT 211.26 655.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 232.40 655.25 Td (or ) Tj ET Q q 0 0 0 rg BT 242.71 655.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 283.57 655.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 313.33 655.25 Td (our ) Tj ET Q q 0 0 0 rg BT 328.65 655.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 374.64 655.25 Td (The ) Tj ET Q q 0 0 0 rg BT 392.17 655.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 438.01 655.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.32 655.25 Td (such ) Tj ET Q q 0 0 0 rg BT 468.63 655.25 Td (events ) Tj ET Q q 0 0 0 rg BT 496.16 655.25 Td (could ) Tj ET Q q 0 0 0 rg BT 520.36 655.25 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 80.72 643.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.57 643.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 141.62 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.57 643.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.41 643.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 227.13 643.25 Td (position ) Tj ET Q q 0 0 0 rg BT 262.87 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.82 643.25 Td (could ) Tj ET Q q 0 0 0 rg BT 306.55 643.25 Td (result ) Tj ET Q q 0 0 0 rg BT 332.28 643.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.57 643.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 383.19 643.25 Td (with ) Tj ET Q q 0 0 0 rg BT 404.48 643.25 Td (third ) Tj ET Q q 0 0 0 rg BT 426.88 643.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 459.55 643.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 504.15 643.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 534.60 643.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 553.67 643.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 89.18 631.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 126.95 631.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 160.85 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.07 631.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 218.61 631.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 269.16 631.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 294.44 631.25 Td (any ) Tj ET Q q 0 0 0 rg BT 311.67 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.78 631.25 Td (which ) Tj ET Q q 0 0 0 rg BT 350.00 631.25 Td (could ) Tj ET Q q 0 0 0 rg BT 375.01 631.25 Td (have ) Tj ET Q q 0 0 0 rg BT 396.67 631.25 Td (a ) Tj ET Q q 0 0 0 rg BT 403.89 631.25 Td (material ) Tj ET Q q 0 0 0 rg BT 439.44 631.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 472.76 631.25 Td (ef) Tj ET Q q 0 0 0 rg BT 480.35 631.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.12 631.25 Td (on ) Tj ET Q q 0 0 0 rg BT 510.91 631.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.02 631.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.27 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 619.25 Td (results ) Tj ET Q q 0 0 0 rg BT 135.82 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.65 619.25 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 71.95 598.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 106.66 598.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 145.27 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.10 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.93 598.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 222.20 598.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 246.46 598.25 Td (onment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Environmental regulations may cause us to incur significant compliance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 101.53 565.25 Td (with ) Tj ET Q q 0 0 0 rg BT 122.51 565.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 183.48 565.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 205.02 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.67 565.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 270.31 565.25 Td (is ) Tj ET Q q 0 0 0 rg BT 280.19 565.25 Td (a ) Tj ET Q q 0 0 0 rg BT 287.83 565.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 333.25 565.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 359.78 565.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.76 565.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.30 565.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 426.67 565.25 Td (W) Tj ET Q q 0 0 0 rg BT 435.31 565.25 Td (e ) Tj ET Q q 0 0 0 rg BT 442.95 565.25 Td (are ) Tj ET Q q 0 0 0 rg BT 458.37 565.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 489.90 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.89 565.25 Td (local, ) Tj ET Q q 0 0 0 rg BT 526.03 565.25 Td (state ) Tj ET Q q 0 0 0 rg BT 547.56 565.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.25 553.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 140.51 553.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 161.34 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.28 553.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 225.21 553.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.49 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.21 553.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 270.49 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.43 553.25 Td (other ) Tj ET Q q 0 0 0 rg BT 310.48 553.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 349.63 553.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 382.68 553.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 395.45 553.25 Td (among ) Tj ET Q q 0 0 0 rg BT 425.17 553.25 Td (other ) Tj ET Q q 0 0 0 rg BT 448.22 553.25 Td (matters:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 532.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 532.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 532.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 148.68 532.25 Td (disposal;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 517.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 517.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 137.83 517.25 Td (emissions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 502.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 502.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 148.68 502.25 Td (water ) Tj ET Q q 0 0 0 rg BT 173.39 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.33 502.25 Td (storm ) Tj ET Q q 0 0 0 rg BT 215.61 502.25 Td (water ) Tj ET Q q 0 0 0 rg BT 240.32 502.25 Td (management ) Tj ET Q q 0 0 0 rg BT 293.90 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.84 502.25 Td (treatment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 487.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 487.25 Td (Soil ) Tj ET Q q 0 0 0 rg BT 140.62 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.56 487.25 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 210.59 487.25 Td (contamination ) Tj ET Q q 0 0 0 rg BT 270.30 487.25 Td (remediation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 472.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 472.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 151.72 472.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 183.65 472.25 Td (change;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 457.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 457.25 Td (Dischar) Tj ET Q q 0 0 0 rg BT 152.92 457.25 Td (ge, ) Tj ET Q q 0 0 0 rg BT 167.36 457.25 Td (storage, ) Tj ET Q q 0 0 0 rg BT 201.23 457.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 238.73 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.67 457.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 290.95 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.78 457.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 344.81 457.25 Td (materials; ) Tj ET Q q 0 0 0 rg BT 386.74 457.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 442.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 442.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 165.04 442.25 Td (health ) Tj ET Q q 0 0 0 rg BT 191.98 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.91 442.25 Td (safety) Tj ET Q q 0 0 0 rg BT 232.14 442.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 421.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.27 421.25 Td (are ) Tj ET Q q 0 0 0 rg BT 79.68 421.25 Td (also ) Tj ET Q q 0 0 0 rg BT 97.98 421.25 Td (required ) Tj ET Q q 0 0 0 rg BT 133.50 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.47 421.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 170.66 421.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 230.62 421.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 262.81 421.25 Td (from ) Tj ET Q q 0 0 0 rg BT 284.45 421.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 341.63 421.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 386.04 421.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.89 421.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 429.29 421.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 475.49 421.25 Td (V) Tj ET Q q 0 0 0 rg BT 482.11 421.25 Td (iolation ) Tj ET Q q 0 0 0 rg BT 514.86 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.38 421.25 Td (or ) Tj ET Q q 0 0 0 rg BT 535.91 421.25 Td (failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.74 409.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 88.71 409.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 121.67 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.96 409.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 165.93 409.25 Td (with ) Tj ET Q q 0 0 0 rg BT 186.67 409.25 Td (these ) Tj ET Q q 0 0 0 rg BT 210.18 409.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 231.48 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 242.78 409.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.18 409.25 Td (could ) Tj ET Q q 0 0 0 rg BT 315.36 409.25 Td (result ) Tj ET Q q 0 0 0 rg BT 340.54 409.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.29 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 367.58 409.25 Td (business ) Tj ET Q q 0 0 0 rg BT 404.44 409.25 Td (being ) Tj ET Q q 0 0 0 rg BT 429.62 409.25 Td (fined ) Tj ET Q q 0 0 0 rg BT 453.14 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.43 409.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 506.28 409.25 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 552.01 409.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 92.51 397.25 Td (or ) Tj ET Q q 0 0 0 rg BT 103.37 397.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 145.34 397.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 176.19 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.50 397.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 225.14 397.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.67 397.25 Td (private ) Tj ET Q q 0 0 0 rg BT 267.96 397.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 299.64 397.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 317.72 397.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.91 397.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 380.27 397.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 409.45 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.42 397.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 462.81 397.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 505.88 397.25 Td (substances. ) Tj ET Q q 0 0 0 rg BT 553.68 397.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.23 385.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 125.63 385.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 170.25 385.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.21 385.25 Td (others ) Tj ET Q q 0 0 0 rg BT 210.61 385.25 Td (at ) Tj ET Q q 0 0 0 rg BT 220.79 385.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 258.17 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 276.13 385.25 Td (we ) Tj ET Q q 0 0 0 rg BT 290.75 385.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 329.80 385.25 Td (or ) Tj ET Q q 0 0 0 rg BT 341.10 385.25 Td (formerly ) Tj ET Q q 0 0 0 rg BT 379.04 385.25 Td (owned, ) Tj ET Q q 0 0 0 rg BT 411.16 385.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 448.55 385.25 Td (or ) Tj ET Q q 0 0 0 rg BT 459.84 385.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 501.67 385.25 Td (used ) Tj ET Q q 0 0 0 rg BT 522.96 385.25 Td (may ) Tj ET Q q 0 0 0 rg BT 543.14 385.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.92 373.25 Td (contamination ) Tj ET Q q 0 0 0 rg BT 139.84 373.25 Td (from ) Tj ET Q q 0 0 0 rg BT 161.99 373.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 205.24 373.25 Td (substances. ) Tj ET Q q 0 0 0 rg BT 252.62 373.25 Td (As ) Tj ET Q q 0 0 0 rg BT 266.44 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.59 373.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 301.02 373.25 Td (we ) Tj ET Q q 0 0 0 rg BT 315.39 373.25 Td (are ) Tj ET Q q 0 0 0 rg BT 330.31 373.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 365.79 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.28 373.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 411.77 373.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 440.58 373.25 Td (under ) Tj ET Q q 0 0 0 rg BT 466.06 373.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 526.53 373.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 547.58 373.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.37 361.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 141.79 361.25 Td (for ) Tj ET Q q 0 0 0 rg BT 155.89 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.54 361.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 220.74 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.51 361.25 Td (waterways ) Tj ET Q q 0 0 0 rg BT 276.70 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.58 361.25 Td (soil ) Tj ET Q q 0 0 0 rg BT 310.47 361.25 Td (or ) Tj ET Q q 0 0 0 rg BT 321.24 361.25 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 374.21 361.25 Td (contamination. ) Tj ET Q q 0 0 0 rg BT 436.18 361.25 Td (These ) Tj ET Q q 0 0 0 rg BT 462.49 361.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 483.26 361.25 Td (can ) Tj ET Q q 0 0 0 rg BT 499.58 361.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 530.90 361.25 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 349.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 112.47 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.30 349.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 166.34 349.25 Td (substances ) Tj ET Q q 0 0 0 rg BT 211.61 349.25 Td (even ) Tj ET Q q 0 0 0 rg BT 232.98 349.25 Td (if ) Tj ET Q q 0 0 0 rg BT 241.59 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.31 349.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 283.80 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 294.63 349.25 Td (operator ) Tj ET Q q 0 0 0 rg BT 330.44 349.25 Td (was ) Tj ET Q q 0 0 0 rg BT 348.50 349.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 378.76 349.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 405.13 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.96 349.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 431.79 349.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 479.83 349.25 Td (for ) Tj ET Q q 0 0 0 rg BT 493.99 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.71 349.25 Td (release ) Tj ET Q q 0 0 0 rg BT 538.96 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 349.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 93.36 337.25 Td (substances. ) Tj ET Q q 0 0 0 rg BT 141.25 337.25 Td (W) Tj ET Q q 0 0 0 rg BT 149.89 337.25 Td (e ) Tj ET Q q 0 0 0 rg BT 157.15 337.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 181.35 337.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.95 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.99 337.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 228.42 337.25 Td (been ) Tj ET Q q 0 0 0 rg BT 250.13 337.25 Td (found ) Tj ET Q q 0 0 0 rg BT 276.28 337.25 Td (not ) Tj ET Q q 0 0 0 rg BT 291.88 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.48 337.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.75 337.25 Td (in ) Tj ET Q q 0 0 0 rg BT 325.35 337.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 374.26 337.25 Td (with ) Tj ET Q q 0 0 0 rg BT 394.86 337.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 424.89 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.04 337.25 Td (these ) Tj ET Q q 0 0 0 rg BT 459.41 337.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 480.57 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.83 337.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 547.59 337.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.88 325.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 106.19 325.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 147.90 325.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 203.50 325.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 224.93 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.37 325.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 278.91 325.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 322.00 325.25 Td (with ) Tj ET Q q 0 0 0 rg BT 341.78 325.25 Td (such ) Tj ET Q q 0 0 0 rg BT 362.11 325.25 Td (violations. ) Tj ET Q q 0 0 0 rg BT 406.05 325.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 434.16 325.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 493.92 325.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 542.00 325.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.22 313.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 105.97 313.25 Td (because ) Tj ET Q q 0 0 0 rg BT 140.62 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.95 313.25 Td (new ) Tj ET Q q 0 0 0 rg BT 171.62 313.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 192.95 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.39 313.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 260.32 313.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 299.98 313.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 360.74 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.18 313.25 Td (stricter ) Tj ET Q q 0 0 0 rg BT 408.95 313.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 461.92 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.25 313.25 Td (current ) Tj ET Q q 0 0 0 rg BT 504.57 313.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 552.01 313.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 93.05 301.25 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 139.72 301.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 186.66 301.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 226.93 301.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 264.42 301.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 302.50 301.25 Td (control ) Tj ET Q q 0 0 0 rg BT 332.78 301.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 360.56 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.74 301.25 Td (future ) Tj ET Q q 0 0 0 rg BT 400.57 301.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.53 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.82 301.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 470.89 301.25 Td (control ) Tj ET Q q 0 0 0 rg BT 501.17 301.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 547.56 301.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.87 289.25 Td (related ) Tj ET Q q 0 0 0 rg BT 105.05 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.80 289.25 Td (global ) Tj ET Q q 0 0 0 rg BT 141.78 289.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 173.18 289.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 205.98 289.25 Td (Further) Tj ET Q q 0 0 0 rg BT 235.01 289.25 Td (, ) Tj ET Q q 0 0 0 rg BT 239.49 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.69 289.25 Td (level ) Tj ET Q q 0 0 0 rg BT 275.10 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.41 289.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 317.37 289.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.35 289.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 372.42 289.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 416.61 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.03 289.25 Td (non-governmental ) Tj ET Q q 0 0 0 rg BT 508.32 289.25 Td (or) Tj ET Q q 0 0 0 rg BT 516.46 289.25 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (has ) Tj ET Q q 0 0 0 rg BT 64.98 277.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 104.38 277.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.81 277.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 139.88 277.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 165.12 277.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 226.20 277.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 273.94 277.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.59 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.67 277.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 348.31 277.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 407.72 277.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 446.58 277.25 Td (could ) Tj ET Q q 0 0 0 rg BT 470.45 277.25 Td (have ) Tj ET Q q 0 0 0 rg BT 490.97 277.25 Td (a ) Tj ET Q q 0 0 0 rg BT 497.06 277.25 Td (material ) Tj ET Q q 0 0 0 rg BT 531.46 277.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 265.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.64 265.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.71 265.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.11 265.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.16 265.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 179.00 265.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.51 265.25 Td (results ) Tj ET Q q 0 0 0 rg BT 223.69 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.09 265.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 280.31 265.25 Td (See ) Tj ET Q q 0 0 0 rg BT 296.82 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.11 265.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 328.18 265.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 353.56 265.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 395.62 265.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 417.69 265.25 Td (related ) Tj ET Q q 0 0 0 rg BT 446.96 265.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.81 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.10 265.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 530.92 265.25 Td (cleanup ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 253.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 97.22 253.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 128.04 253.25 Td (may ) Tj ET Q q 0 0 0 rg BT 147.75 253.25 Td (be ) Tj ET Q q 0 0 0 rg BT 159.69 253.25 Td (material ) Tj ET Q q 0 0 0 rg BT 194.95 253.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.23 253.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.06 253.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.54 253.25 Td (position ) Tj ET Q q 0 0 0 rg BT 293.27 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.21 253.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 351.04 253.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.31 253.25 Td (this ) Tj ET Q q 0 0 0 rg BT 378.26 253.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 399.09 253.25 Td (1A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (Governmental agencies may refuse to grant or renew our licenses and permits, thus restricting our ability to operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 217.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.44 217.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 99.46 217.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 129.03 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.72 217.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.42 217.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 199.44 217.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.13 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.27 217.25 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 276.79 217.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 309.15 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.95 217.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 367.20 217.25 Td (from ) Tj ET Q q 0 0 0 rg BT 389.00 217.25 Td (state ) Tj ET Q q 0 0 0 rg BT 409.69 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.49 217.25 Td (local ) Tj ET Q q 0 0 0 rg BT 448.29 217.25 Td (governments. ) Tj ET Q q 0 0 0 rg BT 504.81 217.25 Td (Governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 86.32 205.25 Td (often ) Tj ET Q q 0 0 0 rg BT 108.76 205.25 Td (resist ) Tj ET Q q 0 0 0 rg BT 131.76 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.87 205.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 202.76 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.98 205.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 242.08 205.25 Td (types ) Tj ET Q q 0 0 0 rg BT 265.08 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.31 205.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 311.63 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.30 205.25 Td (their ) Tj ET Q q 0 0 0 rg BT 341.52 205.25 Td (communities, ) Tj ET Q q 0 0 0 rg BT 397.58 205.25 Td (including ) Tj ET Q q 0 0 0 rg BT 437.25 205.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 456.36 205.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 477.69 205.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 516.51 205.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.74 205.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.64 193.25 Td (time ) Tj ET Q q 0 0 0 rg BT 91.62 193.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.60 193.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 124.08 193.25 Td (both ) Tj ET Q q 0 0 0 rg BT 144.06 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.49 193.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 178.47 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.12 193.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 226.20 193.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 280.06 193.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 311.15 193.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 357.79 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.43 193.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 421.07 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.27 193.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 455.46 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.45 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.87 193.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 513.73 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.71 193.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.35 193.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (operate. ) Tj ET Q q 0 0 0 rg BT 83.59 181.25 Td (In ) Tj ET Q q 0 0 0 rg BT 93.58 181.25 Td (some ) Tj ET Q q 0 0 0 rg BT 116.36 181.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 157.18 181.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 210.50 181.25 Td (can ) Tj ET Q q 0 0 0 rg BT 226.04 181.25 Td (require ) Tj ET Q q 0 0 0 rg BT 256.02 181.25 Td (us ) Tj ET Q q 0 0 0 rg BT 266.58 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.02 181.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 299.90 181.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.23 181.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 358.75 181.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.75 181.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 415.95 181.25 Td (before ) Tj ET Q q 0 0 0 rg BT 443.15 181.25 Td (allowing ) Tj ET Q q 0 0 0 rg BT 479.81 181.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 518.14 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.14 181.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 75.14 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 85.84 169.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 129.31 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.01 169.25 Td (those ) Tj ET Q q 0 0 0 rg BT 164.05 169.25 Td (countries. ) Tj ET Q q 0 0 0 rg BT 205.92 169.25 Td (There ) Tj ET Q q 0 0 0 rg BT 232.16 169.25 Td (can ) Tj ET Q q 0 0 0 rg BT 248.96 169.25 Td (be ) Tj ET Q q 0 0 0 rg BT 261.32 169.25 Td (no ) Tj ET Q q 0 0 0 rg BT 274.25 169.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 316.04 169.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.96 169.25 Td (future ) Tj ET Q q 0 0 0 rg BT 360.76 169.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 405.06 169.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 439.64 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.01 169.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 489.93 169.25 Td (will ) Tj ET Q q 0 0 0 rg BT 508.41 169.25 Td (be ) Tj ET Q q 0 0 0 rg BT 520.77 169.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 553.68 169.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.08 157.25 Td (we ) Tj ET Q q 0 0 0 rg BT 80.83 157.25 Td (will ) Tj ET Q q 0 0 0 rg BT 98.47 157.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.00 157.25 Td (able ) Tj ET Q q 0 0 0 rg BT 128.74 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.61 157.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.69 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.21 157.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 218.73 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.03 157.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 276.50 157.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 310.24 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.77 157.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 358.85 157.25 Td (we ) Tj ET Q q 0 0 0 rg BT 372.60 157.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 410.78 157.25 Td (hold. ) Tj ET Q q 0 0 0 rg BT 433.14 157.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 463.55 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.42 157.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 500.50 157.25 Td (these ) Tj ET Q q 0 0 0 rg BT 523.14 157.25 Td (approvals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.03 145.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 98.05 145.25 Td (us ) Tj ET Q q 0 0 0 rg BT 108.76 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.36 145.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 139.06 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 149.21 145.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 197.13 145.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.60 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.19 145.25 Td (these ) Tj ET Q q 0 0 0 rg BT 272.55 145.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 310.47 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 320.62 145.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 352.42 145.25 Td (us ) Tj ET Q q 0 0 0 rg BT 363.13 145.25 Td (from ) Tj ET Q q 0 0 0 rg BT 384.38 145.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 430.63 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 440.77 145.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 480.35 145.25 Td (new ) Tj ET Q q 0 0 0 rg BT 498.83 145.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 537.57 145.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 133.25 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 133.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 133.25 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 133.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 171.33 133.25 Td (ef) Tj ET Q q 0 0 0 rg BT 178.92 133.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.40 133.25 Td (on ) Tj ET Q q 0 0 0 rg BT 208.90 133.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.73 133.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.21 133.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 302.49 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.42 133.25 Td (results ) Tj ET Q q 0 0 0 rg BT 348.03 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.86 133.25 Td (operations.) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (21) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Compliance with existing and new greenhouse gas emission regulations may adversely impact our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.57 727.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 131.37 727.25 Td (regardingclimate ) Tj ET Q q 0 0 0 rg BT 202.88 727.25 Td (change ) Tj ET Q q 0 0 0 rg BT 232.46 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.16 727.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 271.08 727.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 311.79 727.25 Td (could ) Tj ET Q q 0 0 0 rg BT 335.27 727.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 365.42 727.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 408.90 727.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 430.16 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.42 727.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.01 727.25 Td (business ) Tj ET Q q 0 0 0 rg BT 491.17 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.87 727.25 Td (our ) Tj ET 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(or ) Tj ET Q q 0 0 0 rg BT 137.42 691.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 165.98 691.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.87 691.25 Td (may ) Tj ET Q q 0 0 0 rg BT 201.98 691.25 Td (be ) Tj ET Q q 0 0 0 rg BT 213.32 691.25 Td (part ) Tj ET Q q 0 0 0 rg BT 230.76 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.99 691.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 261.20 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.54 691.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 303.86 691.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 343.52 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 353.75 691.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 383.42 691.25 Td (future ) Tj ET Q q 0 0 0 rg BT 409.19 691.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 452.19 691.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 491.29 691.25 Td (are ) Tj ET Q q 0 0 0 rg BT 505.39 691.25 Td (still ) Tj ET Q q 0 0 0 rg BT 522.29 691.25 Td (uncertain. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 70.70 679.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 105.83 679.25 Td (futureclimate ) Tj ET Q q 0 0 0 rg BT 165.11 679.25 Td (change ) Tj ET Q q 0 0 0 rg BT 196.90 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.82 679.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 239.96 679.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 287.87 679.25 Td (could ) Tj ET Q q 0 0 0 rg BT 313.56 679.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 358.69 679.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 389.38 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.19 679.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 435.21 679.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 456.46 679.25 Td (that ) Tj ET Q q 0 0 0 rg BT 474.93 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.74 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 503.54 679.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.57 679.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (suppliers\) ) Tj ET Q q 0 0 0 rg BT 92.07 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.48 667.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 138.99 667.25 Td (with ) Tj ET Q q 0 0 0 rg BT 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Td (known, ) Tj ET Q q 0 0 0 rg BT 191.71 655.25 Td (we ) Tj ET Q q 0 0 0 rg BT 206.52 655.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 236.32 655.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 267.23 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.59 655.25 Td (ef) Tj ET Q q 0 0 0 rg BT 290.18 655.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 308.31 655.25 Td (on ) Tj ET Q q 0 0 0 rg BT 321.46 655.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.93 655.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.06 655.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 419.48 655.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 460.39 655.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 514.06 655.25 Td (or ) Tj ET Q q 0 0 0 rg BT 525.53 655.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.23 655.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (compete. ) Tj ET Q q 0 0 0 rg BT 89.35 643.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 144.81 643.25 Td (even ) Tj ET Q q 0 0 0 rg BT 166.67 643.25 Td (without ) Tj ET Q q 0 0 0 rg BT 200.21 643.25 Td (such 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q 0 0 0 rg BT 261.31 631.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 301.01 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.95 631.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 338.77 631.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 399.57 631.25 Td (industries ) Tj ET Q q 0 0 0 rg BT 440.96 631.25 Td (could ) Tj ET Q q 0 0 0 rg BT 465.67 631.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 488.71 631.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.54 631.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 547.58 631.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 78.50 619.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 117.02 619.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 150.53 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 164.05 619.25 Td (our ) Tj ET Q q 0 0 0 rg BT 179.24 619.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 218.03 619.25 Td (See ) Tj ET Q q 0 0 0 rg BT 234.33 619.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 276.19 619.25 Td (- ) Tj ET Q q 0 0 0 rg BT 281.37 619.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 342.66 619.25 Td (Matters ) Tj ET Q q 0 0 0 rg BT 379.50 619.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.14 619.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 407.11 619.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 414.79 619.25 Td (Item1 ) Tj ET Q q 0 0 0 rg BT 442.48 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.67 619.25 Td (this ) Tj ET Q q 0 0 0 rg BT 468.97 619.25 Td (report ) Tj ET Q q 0 0 0 rg BT 494.71 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 508.23 619.25 Td (further ) Tj ET Q q 0 0 0 rg BT 537.29 619.25 Td (detail.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.70 598.25 Td ( Employees) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Reliance on employees subject to collective bargaining may restrict our ability to operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.02 565.25 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.35 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.83 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.65 565.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.46 565.25 Td (full-time ) Tj ET Q q 0 0 0 rg BT 202.93 565.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 249.17 565.25 Td (are ) Tj ET Q q 0 0 0 rg BT 264.86 565.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 314.43 565.25 Td (by ) Tj ET Q q 0 0 0 rg BT 327.91 565.25 Td (unions ) Tj ET Q q 0 0 0 rg BT 358.06 565.25 Td (under ) Tj ET Q q 0 0 0 rg BT 384.31 565.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 426.66 565.25 Td (bar) Tj ET Q q 0 0 0 rg BT 439.25 565.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 472.72 565.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 524.24 565.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 103.40 553.25 Td (all ) Tj ET Q q 0 0 0 rg BT 116.25 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.42 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.49 553.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 203.65 553.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 249.26 553.25 Td (at ) Tj ET Q q 0 0 0 rg BT 259.33 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.51 553.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 299.48 553.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 320.65 553.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 381.81 553.25 Td (facility) Tj ET Q q 0 0 0 rg BT 409.48 553.25 Td (. ) Tj ET Q q 0 0 0 rg BT 414.21 553.25 Td (As ) Tj ET Q q 0 0 0 rg BT 428.17 553.25 Td (these ) Tj ET Q q 0 0 0 rg BT 451.56 553.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 499.94 553.25 Td (expire, ) Tj ET Q q 0 0 0 rg BT 530.28 553.25 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 553.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.57 541.25 Td (be ) Tj ET Q q 0 0 0 rg BT 77.81 541.25 Td (able ) Tj ET Q q 0 0 0 rg BT 97.26 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.83 541.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 147.28 541.25 Td (extensions ) Tj ET Q q 0 0 0 rg BT 192.29 541.25 Td (or ) Tj ET Q q 0 0 0 rg BT 203.42 541.25 Td (replacements ) Tj ET Q q 0 0 0 rg BT 258.96 541.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.09 541.25 Td (such ) Tj ET Q q 0 0 0 rg BT 291.21 541.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 339.54 541.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.33 541.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 397.32 541.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 424.21 541.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 444.23 541.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 473.12 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.69 541.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 508.13 541.25 Td (an ) Tj ET Q q 0 0 0 rg BT 520.37 541.25 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.73 529.25 Td (one ) Tj ET Q q 0 0 0 rg BT 88.12 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 99.40 529.25 Td (more ) Tj ET Q q 0 0 0 rg BT 122.90 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.18 529.25 Td (our ) Tj ET Q q 0 0 0 rg BT 150.46 529.25 Td (unions ) Tj ET Q q 0 0 0 rg BT 180.09 529.25 Td (may ) Tj ET Q q 0 0 0 rg BT 200.25 529.25 Td (result ) Tj ET Q q 0 0 0 rg BT 225.42 529.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.15 529.25 Td (strikes, ) Tj ET Q q 0 0 0 rg BT 267.71 529.25 Td (lockouts ) Tj ET Q q 0 0 0 rg BT 304.55 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.83 529.25 Td (other ) Tj ET Q q 0 0 0 rg BT 339.33 529.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 362.83 529.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 396.61 529.25 Td (including ) Tj ET Q q 0 0 0 rg BT 437.33 529.25 Td (work ) Tj ET Q q 0 0 0 rg BT 460.83 529.25 Td (slowdowns ) Tj ET Q q 0 0 0 rg BT 508.79 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.07 529.25 Td (stoppages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 517.25 Td (could ) Tj ET Q q 0 0 0 rg BT 101.66 517.25 Td (have ) Tj ET Q q 0 0 0 rg BT 123.03 517.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.97 517.25 Td (material ) Tj ET Q q 0 0 0 rg BT 165.23 517.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 198.27 517.25 Td (ef) Tj ET Q q 0 0 0 rg BT 205.85 517.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 223.34 517.25 Td (on ) Tj ET Q q 0 0 0 rg BT 235.84 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 251.67 517.25 Td (results ) Tj ET Q q 0 0 0 rg BT 280.28 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.11 517.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (The underfunded status of our multiemployer pension plans may cause us to increase our contributions to the plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.99 481.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 103.20 481.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.85 481.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 134.17 481.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.17 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.04 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.92 481.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 195.34 481.25 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 230.54 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.19 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.29 481.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 279.49 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.15 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.24 481.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 357.89 481.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 396.98 481.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 442.74 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.39 481.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 470.38 481.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 481.41 481.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 509.12 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.32 481.25 Td (this ) Tj ET Q q 0 0 0 rg BT 535.65 481.25 Td (report, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.37 469.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 107.62 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.10 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.03 469.25 Td (Steelworkers ) Tj ET Q q 0 0 0 rg BT 187.75 469.25 Td (W) Tj ET Q q 0 0 0 rg BT 196.38 469.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 222.97 469.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 275.10 469.25 Td (Shops ) Tj ET Q q 0 0 0 rg BT 302.26 469.25 Td (Pension ) Tj ET Q q 0 0 0 rg BT 336.64 469.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 357.12 469.25 Td (\(WISPP\), ) Tj ET Q q 0 0 0 rg BT 407.32 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.47 469.25 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 476.05 469.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.98 469.25 Td (benefiting ) Tj ET Q q 0 0 0 rg BT 539.23 469.25 Td (union ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 94.96 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.49 457.25 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 131.31 457.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 166.82 457.25 Td (we ) Tj ET Q q 0 0 0 rg BT 180.68 457.25 Td (have ) Tj ET Q q 0 0 0 rg BT 201.75 457.25 Td (no ) Tj ET Q q 0 0 0 rg BT 213.95 457.25 Td (current ) Tj ET Q q 0 0 0 rg BT 244.46 457.25 Td (intention ) Tj ET Q q 0 0 0 rg BT 282.21 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.74 457.25 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 345.48 457.25 Td (from ) Tj ET Q q 0 0 0 rg BT 367.12 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.37 457.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 409.72 457.25 Td (, ) Tj ET Q q 0 0 0 rg BT 414.42 457.25 Td (we ) Tj ET Q q 0 0 0 rg BT 428.27 457.25 Td (have ) Tj ET Q q 0 0 0 rg BT 449.35 457.25 Td (not ) Tj ET Q q 0 0 0 rg BT 464.32 457.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.38 457.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.02 457.25 Td (withdrawal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 82.99 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.66 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.88 445.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.30 445.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.17 445.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 243.77 445.25 Td (However) Tj ET Q q 0 0 0 rg BT 280.02 445.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.40 445.25 Td (if ) Tj ET Q q 0 0 0 rg BT 292.40 445.25 Td (such ) Tj ET Q q 0 0 0 rg BT 312.62 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.94 445.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 351.94 445.25 Td (were ) Tj ET Q q 0 0 0 rg BT 373.25 445.25 Td (triggered, ) Tj ET Q q 0 0 0 rg BT 413.73 445.25 Td (it ) Tj ET Q q 0 0 0 rg BT 421.17 445.25 Td (could ) Tj ET Q q 0 0 0 rg BT 445.28 445.25 Td (have ) Tj ET Q q 0 0 0 rg BT 466.04 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.36 445.25 Td (material ) Tj ET Q q 0 0 0 rg BT 507.01 445.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.43 445.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.02 445.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.42 433.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.18 433.25 Td (results ) Tj ET Q q 0 0 0 rg BT 106.71 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.47 433.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 164.05 433.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.45 433.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 238.60 433.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 274.92 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.78 433.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.97 433.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 339.12 433.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 357.09 433.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 412.29 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.50 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.96 433.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 466.04 433.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.47 433.25 Td (could ) Tj ET Q q 0 0 0 rg BT 493.11 433.25 Td (also ) Tj ET Q q 0 0 0 rg BT 511.64 433.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 546.82 433.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 433.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (result ) Tj ET Q q 0 0 0 rg BT 75.09 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.30 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.61 421.25 Td (diminished ) Tj ET Q q 0 0 0 rg BT 140.93 421.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 192.69 421.25 Td (base ) Tj ET Q q 0 0 0 rg BT 213.33 421.25 Td (due ) Tj ET Q q 0 0 0 rg BT 230.64 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.30 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.39 421.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 302.59 421.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.79 421.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 361.65 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.86 421.25 Td (other ) Tj ET Q q 0 0 0 rg BT 396.28 421.25 Td (employers ) Tj ET Q q 0 0 0 rg BT 440.81 421.25 Td (who ) Tj ET Q q 0 0 0 rg BT 460.91 421.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 499.88 421.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 543.29 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.95 421.25 Td (it, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 409.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 99.84 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 110.31 409.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 138.55 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.03 409.25 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 201.72 409.25 Td (employers ) Tj ET Q q 0 0 0 rg BT 245.52 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.45 409.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 272.03 409.25 Td (their ) Tj ET Q q 0 0 0 rg BT 292.50 409.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 339.64 409.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 372.89 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.37 409.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.06 409.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 439.31 409.25 Td (deficiencies, ) Tj ET Q q 0 0 0 rg BT 491.71 409.25 Td (as ) Tj ET Q q 0 0 0 rg BT 502.19 409.25 Td (we ) Tj ET Q q 0 0 0 rg BT 515.99 409.25 Td (would ) Tj ET Q q 0 0 0 rg BT 543.14 409.25 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 397.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 81.11 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.83 397.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 139.41 397.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 186.36 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.19 397.25 Td (these ) Tj ET Q q 0 0 0 rg BT 220.23 397.25 Td (employers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.27 376.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 84.71 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.87 376.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 131.90 376.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 168.83 376.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 200.75 376.25 Td (\(IRS\) ) Tj ET Q q 0 0 0 rg BT 233.79 376.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 272.94 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 279.31 376.25 Td (seven-year ) Tj ET Q q 0 0 0 rg BT 324.56 376.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 364.83 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.10 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.25 376.25 Td (period ) Tj ET Q q 0 0 0 rg BT 416.74 376.25 Td (over ) Tj ET Q q 0 0 0 rg BT 436.45 376.25 Td (which ) Tj ET Q q 0 0 0 rg BT 462.83 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.84 376.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 505.92 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.86 376.25 Td (may ) Tj ET Q q 0 0 0 rg BT 527.02 376.25 Td (amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 90.17 364.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 132.30 364.25 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 181.92 364.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 204.32 364.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 257.26 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.99 364.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 297.60 364.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 338.90 364.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 372.41 364.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 400.64 364.25 Td (In ) Tj ET Q q 0 0 0 rg BT 411.38 364.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 436.29 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.74 364.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 479.82 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 482.22 364.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 519.06 364.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 542.56 364.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.32 352.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 104.51 352.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 138.72 352.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 194.02 352.25 Td (from ) Tj ET Q q 0 0 0 rg BT 216.56 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.88 352.25 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 253.04 352.25 Td (which ) Tj ET Q q 0 0 0 rg BT 280.58 352.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 315.89 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.98 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.08 352.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 378.16 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.26 352.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 403.79 352.25 Td (a ) Tj ET Q q 0 0 0 rg BT 411.33 352.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 453.33 352.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 484.19 352.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 530.60 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 543.70 352.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.88 340.25 Td (date ) Tj ET Q q 0 0 0 rg BT 109.21 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.32 340.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 159.52 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 166.63 340.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 197.07 340.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 243.04 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.04 340.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 280.04 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.04 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.05 340.25 Td (October ) Tj ET Q q 0 0 0 rg BT 336.92 340.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 347.09 340.25 Td (2029. ) Tj ET Q q 0 0 0 rg BT 372.27 340.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 399.38 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 412.05 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.93 340.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 464.02 340.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 503.91 340.25 Td (for ) Tj ET Q q 0 0 0 rg BT 518.24 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.93 340.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 562.01 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rg BT 425.65 604.32 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 604.32 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 604.32 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 590.32 Td (Auto Stores) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 590.32 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 590.32 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 590.32 Td (152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 590.32 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 576.32 Td (Non-operating sites) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.59 580.85 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 576.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 576.32 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 576.32 Td (181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 576.32 Td (233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 562.32 Td (Foreign:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.89 566.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 548.32 Td (Collection and processing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 548.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 548.32 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 548.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 548.32 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 534.32 Td (Collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 534.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 534.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 534.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 534.32 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 520.32 Td (Auto Stores) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 520.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 520.32 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 520.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 520.32 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 506.32 Td (Non-operating sites) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.59 510.85 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 506.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 506.32 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 506.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 506.32 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 492.32 Td (Steel Manufacturing Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 478.32 Td (Domestic:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 464.32 Td (Steel mill and administrative offices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 464.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 464.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 464.32 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 464.32 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 450.32 Td (Non-operating sites) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.59 454.85 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 450.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 450.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 450.32 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 450.32 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.32 Td (Total company:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 422.32 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 422.32 Td (113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 422.32 Td (694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 422.32 Td (1,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 422.32 Td (1,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 408.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.11 412.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 408.32 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 408.32 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 408.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 408.32 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 394.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.41 398.85 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 394.32 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 394.32 Td (817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 394.32 Td (1,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 394.32 Td (1,837) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 377.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 365.05 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 365.05 Td (W) Tj ET Q q 0 0 0 rg BT 74.91 365.05 Td (e ) Tj ET Q q 0 0 0 rg BT 80.46 365.05 Td (jointly ) Tj ET Q q 0 0 0 rg BT 103.35 365.05 Td (own ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.13 365.05 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.13 365.05 Td ( ) Tj ET Q q 0 0 0 rg BT 129.13 365.05 Td (acres ) Tj ET Q q 0 0 0 rg BT 147.56 365.05 Td (in ) Tj ET Q q 0 0 0 rg BT 155.78 365.05 Td (California ) Tj ET Q q 0 0 0 rg BT 190.21 365.05 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.99 365.05 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.98 365.05 Td ( ) Tj ET Q q 0 0 0 rg BT 215.98 365.05 Td (of ) Tj ET Q q 0 0 0 rg BT 224.64 365.05 Td (our ) Tj ET Q q 0 0 0 rg BT 237.30 365.05 Td (sites ) Tj ET Q q 0 0 0 rg BT 253.53 365.05 Td (with ) Tj ET Q q 0 0 0 rg BT 269.75 365.05 Td (minority ) Tj ET Q q 0 0 0 rg BT 299.30 365.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.85 365.05 Td (partners.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 355.45 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 355.45 Td (All ) Tj ET Q q 0 0 0 rg BT 80.22 355.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 105.32 355.45 Td (facilities ) Tj ET Q q 0 0 0 rg BT 134.87 355.45 Td (are ) Tj ET Q q 0 0 0 rg BT 146.63 355.45 Td (located ) Tj ET Q q 0 0 0 rg BT 171.73 355.45 Td (in ) Tj ET Q q 0 0 0 rg BT 179.95 355.45 Td (Canada.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 345.85 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 345.85 Td (For ) Tj ET Q q 0 0 0 rg BT 80.71 345.85 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 115.19 345.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 135.46 345.85 Td (by ) Tj ET Q q 0 0 0 rg BT 145.05 345.85 Td (geography) Tj ET Q q 0 0 0 rg BT 178.30 345.85 Td (, ) Tj ET Q q 0 0 0 rg BT 181.90 345.85 Td (see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.71 345.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 210.86 345.85 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.86 345.85 Td ( ) Tj ET Q q 0 0 0 rg BT 220.46 345.85 Td ( ) Tj ET Q q 0 0 0 rg BT 226.06 345.85 Td (Segment ) Tj ET Q q 0 0 0 rg BT 255.65 345.85 Td (Information ) Tj ET Q q 0 0 0 rg BT 295.46 345.85 Td (in ) Tj ET Q q 0 0 0 rg BT 303.29 345.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.66 345.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 334.92 345.85 Td (to ) Tj ET Q q 0 0 0 rg BT 342.74 345.85 Td (the ) Tj ET Q q 0 0 0 rg BT 354.11 345.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 397.93 345.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 429.30 345.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 466.00 345.85 Td (in ) Tj ET Q q 0 0 0 rg BT 473.82 345.85 Td (Part ) Tj ET Q q 0 0 0 rg BT 488.31 345.85 Td (II, ) Tj ET Q q 0 0 0 rg BT 497.24 345.85 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 519.50 345.85 Td (of ) Tj ET Q q 0 0 0 rg BT 527.76 345.85 Td (this ) Tj ET Q q 0 0 0 rg BT 540.92 345.85 Td (report.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 336.25 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 336.25 Td (Non-operating ) Tj ET Q q 0 0 0 rg BT 116.65 336.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 132.88 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 144.64 336.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 179.96 336.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.63 336.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 211.96 336.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.51 336.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 247.50 336.25 Td (real ) Tj ET Q q 0 0 0 rg BT 261.48 336.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 297.47 336.25 Td (some ) Tj ET Q q 0 0 0 rg BT 316.36 336.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.02 336.25 Td (which ) Tj ET Q q 0 0 0 rg BT 346.57 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 358.34 336.25 Td (sublet ) Tj ET Q q 0 0 0 rg BT 379.45 336.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.67 336.25 Td (external ) Tj ET Q q 0 0 0 rg BT 415.43 336.25 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 312.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.45 312.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 101.70 312.25 Td (all ) Tj ET Q q 0 0 0 rg BT 114.06 312.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 158.92 312.25 Td (both ) Tj ET Q q 0 0 0 rg BT 179.07 312.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 208.10 312.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.92 312.25 Td (leased, ) Tj ET Q q 0 0 0 rg BT 254.77 312.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.92 312.25 Td (be ) Tj ET Q q 0 0 0 rg BT 276.73 312.25 Td (well-maintained, ) Tj ET Q q 0 0 0 rg BT 346.58 312.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.73 312.25 Td (good ) Tj ET Q q 0 0 0 rg BT 379.10 312.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 419.24 312.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 459.38 312.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.20 312.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 509.67 312.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.48 312.25 Td (adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 300.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 83.32 300.25 Td (on ) Tj ET Q q 0 0 0 rg BT 95.82 300.25 Td (our ) Tj ET Q q 0 0 0 rg BT 111.65 300.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 276.25 Td (ITEM3. LEGAL) Tj ET Q q 0 0 0 rg BT 123.63 276.25 Td ( PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (From ) Tj ET Q q 0 0 0 rg BT 73.85 259.25 Td (time ) Tj ET Q q 0 0 0 rg BT 93.80 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.75 259.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 126.21 259.25 Td (we ) Tj ET Q q 0 0 0 rg BT 140.04 259.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.43 259.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 191.60 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.56 259.25 Td (various ) Tj ET Q q 0 0 0 rg BT 233.17 259.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 271.46 259.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 303.07 259.25 Td (that ) Tj ET Q q 0 0 0 rg BT 320.24 259.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 341.30 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.25 259.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.65 259.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 401.70 259.25 Td (course ) Tj ET Q q 0 0 0 rg BT 429.98 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.49 259.25 Td (business ) Tj ET Q q 0 0 0 rg BT 476.56 259.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 517.07 259.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 547.57 259.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (routine ) Tj ET Q q 0 0 0 rg BT 81.47 247.25 Td (claims, ) Tj ET Q q 0 0 0 rg BT 113.21 247.25 Td (including ) Tj ET Q q 0 0 0 rg BT 154.13 247.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 215.03 247.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 264.26 247.25 Td (matters. ) Tj ET Q q 0 0 0 rg BT 299.34 247.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 330.24 247.25 Td (in ) Tj ET Q q 0 0 0 rg BT 341.16 247.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 388.18 247.25 Td (with ) Tj ET Q q 0 0 0 rg BT 409.10 247.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.57 247.25 Td (status ) Tj ET Q q 0 0 0 rg BT 451.49 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 462.96 247.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.54 247.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.45 247.25 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (party ) Tj ET Q q 0 0 0 rg BT 72.97 235.25 Td (with ) Tj ET Q q 0 0 0 rg BT 93.17 235.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 123.91 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.12 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.76 235.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 185.07 235.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 215.81 235.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 259.90 235.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 280.38 235.25 Td (which ) Tj ET Q q 0 0 0 rg BT 307.24 235.25 Td (is ) Tj ET Q q 0 0 0 rg BT 316.34 235.25 Td (described ) Tj ET Q q 0 0 0 rg BT 357.08 235.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.28 235.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 389.14 235.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.14 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.56 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.99 235.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 463.08 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.95 235.25 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 539.58 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 235.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.70 223.25 Td (to ) Tj ET Q q 0 0 0 rg BT 85.85 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.44 223.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 155.58 223.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 195.16 223.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 241.42 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 223.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 270.04 223.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 281.57 223.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 309.77 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.47 223.25 Td (this ) Tj ET Q q 0 0 0 rg BT 337.29 223.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 366.04 223.25 Td (we ) Tj ET Q q 0 0 0 rg BT 380.07 223.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 418.53 223.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 449.78 223.25 Td (that ) Tj ET Q q 0 0 0 rg BT 467.14 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.73 223.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 516.87 223.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 553.67 223.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (these ) Tj ET Q q 0 0 0 rg BT 72.85 211.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 125.98 211.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 176.61 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 187.25 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.34 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.86 211.25 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 255.53 211.25 Td (will ) Tj ET Q q 0 0 0 rg BT 273.39 211.25 Td (not ) Tj ET Q q 0 0 0 rg BT 288.48 211.25 Td (have ) Tj ET Q q 0 0 0 rg BT 309.66 211.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.41 211.25 Td (material ) Tj ET Q q 0 0 0 rg BT 351.47 211.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 384.32 211.25 Td (ef) Tj ET Q q 0 0 0 rg BT 391.91 211.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 409.20 211.25 Td (on ) Tj ET Q q 0 0 0 rg BT 421.51 211.25 Td (our ) Tj ET Q q 0 0 0 rg BT 437.14 211.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 489.99 211.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.28 211.25 Td (position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 199.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 136.09 199.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.36 199.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 181.08 199.25 Td (or ) Tj ET Q q 0 0 0 rg BT 191.91 199.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.18 178.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.68 178.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 111.02 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.08 178.25 Td (Commonwealth ) Tj ET Q q 0 0 0 rg BT 192.81 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.99 178.25 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 264.60 178.25 Td (advised ) Tj ET Q q 0 0 0 rg BT 298.00 178.25 Td (us ) Tj ET Q q 0 0 0 rg BT 309.73 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.91 178.25 Td (alleged ) Tj ET Q q 0 0 0 rg BT 352.63 178.25 Td (violations ) Tj ET Q q 0 0 0 rg BT 394.92 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.09 178.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 466.70 178.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 524.24 178.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (but ) Tj ET Q q 0 0 0 rg BT 65.49 166.25 Td (not ) Tj ET Q q 0 0 0 rg BT 80.97 166.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 112.01 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.50 166.25 Td (those ) Tj ET Q q 0 0 0 rg BT 146.32 166.25 Td (related ) Tj ET Q q 0 0 0 rg BT 176.23 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.72 166.25 Td (air ) Tj ET Q q 0 0 0 rg BT 199.97 166.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 242.13 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.28 166.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 302.52 166.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 328.00 166.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 384.30 166.25 Td (at ) Tj ET Q q 0 0 0 rg BT 394.22 166.25 Td (our ) Tj ET Q q 0 0 0 rg BT 410.26 166.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 454.63 166.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.12 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.04 166.25 Td (Commonwealth. ) Tj ET Q q 0 0 0 rg BT 548.94 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 166.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 84.58 154.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 120.83 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 131.53 154.25 Td (discussions ) Tj ET Q q 0 0 0 rg BT 180.02 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 200.73 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.88 154.25 Td (Commonwealth's ) Tj ET Q q 0 0 0 rg BT 288.38 154.25 Td (representatives, ) Tj ET Q q 0 0 0 rg BT 353.78 154.25 Td (which ) Tj ET Q q 0 0 0 rg BT 381.15 154.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 415.74 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.45 154.25 Td (a ) Tj ET Q q 0 0 0 rg BT 433.81 154.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 477.84 154.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 522.41 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.12 154.25 Td (resolve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.20 142.25 Td (alleged ) Tj ET Q q 0 0 0 rg BT 97.05 142.25 Td (violations. ) Tj ET Q q 0 0 0 rg BT 141.31 142.25 Td (A) Tj ET Q q 0 0 0 rg BT 147.98 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.96 142.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 184.49 142.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 225.24 142.25 Td (was ) Tj ET Q q 0 0 0 rg BT 243.78 142.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 272.87 142.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 294.17 142.25 Td (with ) Tj ET Q q 0 0 0 rg BT 314.93 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.35 142.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 364.76 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 377.74 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.93 142.25 Td (Superior ) Tj ET Q q 0 0 0 rg BT 430.35 142.25 Td (Court ) Tj ET Q q 0 0 0 rg BT 456.11 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.75 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.95 142.25 Td (County ) Tj ET Q q 0 0 0 rg BT 518.37 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.68 142.25 Td (Suf) Tj ET Q q 0 0 0 rg BT 543.40 142.25 Td (folk, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (Commonwealth ) Tj ET Q q 0 0 0 rg BT 115.15 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.74 130.25 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 183.78 130.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.04 130.25 Td (September ) Tj ET Q q 0 0 0 rg BT 239.07 130.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 252.84 130.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 276.52 130.25 Td (The ) Tj ET Q q 0 0 0 rg BT 293.33 130.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 335.69 130.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 370.85 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 376.55 130.25 Td ($450,000 ) Tj ET Q q 0 0 0 rg BT 415.32 130.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.35 130.25 Td (payment, ) Tj ET Q q 0 0 0 rg BT 472.55 130.25 Td (an ) Tj ET Q q 0 0 0 rg BT 483.26 130.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 524.51 130.25 Td ($450,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.49 118.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 102.85 118.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 142.89 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.37 118.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.52 118.25 Td (waived ) Tj ET Q q 0 0 0 rg BT 194.11 118.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 215.81 118.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 262.51 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.55 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.70 118.25 Td (shredder ) Tj ET Q q 0 0 0 rg BT 314.83 118.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 352.10 118.25 Td (control ) Tj ET Q q 0 0 0 rg BT 382.13 118.25 Td (system ) Tj ET Q q 0 0 0 rg BT 411.62 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.76 118.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 456.67 118.25 Td (other ) Tj ET Q q 0 0 0 rg BT 478.93 118.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 516.73 118.25 Td (milestones, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 106.25 Td ($350,000 ) Tj ET Q q 0 0 0 rg BT 106.94 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.22 106.25 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 173.04 106.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 233.30 106.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 267.45 106.25 Td (that ) Tj ET Q q 0 0 0 rg BT 284.95 106.25 Td (we ) Tj ET Q q 0 0 0 rg BT 299.11 106.25 Td (have ) Tj ET Q q 0 0 0 rg BT 320.48 106.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 349.63 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.91 106.25 Td (undertake.) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (23) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.14 742.10 Td (Alameda ) Tj ET Q q 0 0 0 rg BT 107.56 742.10 Td (County ) Tj ET Q q 0 0 0 rg BT 140.33 742.10 Td (District ) Tj ET Q q 0 0 0 rg BT 172.92 742.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 211.79 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.55 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.09 742.10 Td (California ) Tj ET Q q 0 0 0 rg BT 288.96 742.10 Td (Of) Tj ET Q q 0 0 0 rg BT 299.33 742.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 317.64 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.30 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.11 742.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 382.98 742.10 Td (General, ) Tj ET Q q 0 0 0 rg BT 420.45 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.99 742.10 Td (latter ) Tj ET Q q 0 0 0 rg BT 459.86 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.18 742.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 501.49 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.15 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 543.68 742.10 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 89.45 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 104.19 730.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 132.83 730.10 Td (investigating ) Tj ET Q q 0 0 0 rg BT 187.02 730.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 218.42 730.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 260.40 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.25 730.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 331.54 730.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 388.77 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 429.08 730.10 Td (but ) Tj ET Q q 0 0 0 rg BT 444.38 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 459.69 730.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 490.55 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.86 730.10 Td (those ) Tj ET Q q 0 0 0 rg BT 524.50 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 93.90 718.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 120.03 718.10 Td (management ) Tj ET Q q 0 0 0 rg BT 174.48 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.29 718.10 Td (water ) Tj ET Q q 0 0 0 rg BT 217.86 718.10 Td (quality) Tj ET Q q 0 0 0 rg BT 244.98 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.84 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 261.42 718.10 Td (one ) Tj ET Q q 0 0 0 rg BT 279.23 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.92 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.61 718.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.63 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.77 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.35 718.10 Td (State. ) Tj ET Q q 0 0 0 rg BT 404.97 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 413.61 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 421.41 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.98 718.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 476.43 718.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 513.11 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.25 718.10 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 97.09 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.41 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.16 706.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 186.67 706.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 248.17 706.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 294.13 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.88 706.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 336.90 706.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 362.87 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.84 706.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 415.36 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.55 706.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 492.85 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.71 706.10 Td (various ) Tj ET Q q 0 0 0 rg BT 533.68 706.10 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 88.09 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.51 694.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 141.48 694.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.57 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 196.56 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 217.42 694.10 Td (been ) Tj ET Q q 0 0 0 rg BT 238.29 694.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 281.93 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.24 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.23 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 323.42 694.10 Td (underway ) Tj ET Q q 0 0 0 rg BT 364.84 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.27 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 395.46 694.10 Td (included ) Tj ET Q q 0 0 0 rg BT 431.89 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.65 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.97 694.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 485.61 694.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 534.80 694.10 Td (budget ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.60 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 85.75 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.57 682.10 Td (believe) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 129.44 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 132.60 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 151.32 682.10 Td (resolve ) Tj ET Q q 0 0 0 rg BT 183.35 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.73 682.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 245.21 682.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 306.13 682.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 344.83 682.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 386.31 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.47 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.84 682.10 Td (agencies.) Tj ET Q q 0 0 0 rg BT 454.09 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 462.72 682.10 Td (e ) Tj ET Q q 0 0 0 rg BT 470.32 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 492.36 682.10 Td (also ) Tj ET Q q 0 0 0 rg BT 511.63 682.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 554.22 682.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 81.31 670.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.94 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.69 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.33 670.10 Td (allegations ) Tj ET Q q 0 0 0 rg BT 182.08 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.50 670.10 Td (have ) Tj ET Q q 0 0 0 rg BT 220.80 670.10 Td (been ) Tj ET Q q 0 0 0 rg BT 242.10 670.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 268.40 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.26 670.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 322.68 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.10 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.74 670.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 402.14 670.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 440.10 670.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 468.08 670.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 484.94 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.15 670.10 Td (those ) Tj ET Q q 0 0 0 rg BT 518.68 670.10 Td (allegations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.04 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.43 658.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 131.13 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.52 658.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 195.22 658.10 Td (laws.) Tj ET Q q 0 0 0 rg BT 218.37 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 223.78 658.10 Td (o ) Tj ET Q q 0 0 0 rg BT 231.39 658.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 253.16 658.10 Td (no ) Tj ET Q q 0 0 0 rg BT 265.77 658.10 Td (complaint ) Tj ET Q q 0 0 0 rg BT 308.37 658.10 Td (has ) Tj ET Q q 0 0 0 rg BT 324.31 658.10 Td (been ) Tj ET Q q 0 0 0 rg BT 345.80 658.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 366.74 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 379.35 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.18 658.10 Td (District ) Tj ET Q q 0 0 0 rg BT 426.21 658.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 464.36 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.31 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.13 658.10 Td (State ) Tj ET Q q 0 0 0 rg BT 512.74 658.10 Td (although ) Tj ET Q q 0 0 0 rg BT 550.35 658.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 92.75 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.63 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.73 646.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 172.71 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.92 646.10 Td (this ) Tj ET Q q 0 0 0 rg BT 203.25 646.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 232.68 646.10 Td (will ) Tj ET Q q 0 0 0 rg BT 252.12 646.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 296.55 646.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 330.42 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.52 646.10 Td (simultaneous ) Tj ET Q q 0 0 0 rg BT 403.18 646.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 428.73 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.94 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.26 646.10 Td (complaint ) Tj ET Q q 0 0 0 rg BT 493.14 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.46 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.78 646.10 Td (stipulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (\(settlement\) ) Tj ET Q q 0 0 0 rg BT 100.34 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.92 634.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 154.39 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.42 634.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 214.55 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.91 634.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 264.15 634.10 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 316.71 634.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 350.12 634.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 387.13 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.05 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.07 634.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 425.43 634.10 Td (penalty) Tj ET Q q 0 0 0 rg BT 454.21 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.30 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.32 634.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 538.89 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (agencies) Tj ET Q q 0 0 0 rg BT 87.01 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.71 622.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 142.38 622.10 Td (costs.Completion ) Tj ET Q q 0 0 0 rg BT 217.30 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.33 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.47 622.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 293.16 622.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 355.29 622.10 Td (Project ) Tj ET Q q 0 0 0 rg BT 386.31 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 406.23 622.10 Td (of) Tj ET Q q 0 0 0 rg BT 414.38 622.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 431.51 622.10 Td (some ) Tj ET Q q 0 0 0 rg BT 455.32 622.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 486.91 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.94 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.85 622.10 Td (penalty) Tj ET Q q 0 0 0 rg BT 541.64 622.10 Td (.) Tj ET Q q 0 0 0 rg BT 546.46 622.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (government ) Tj ET Q q 0 0 0 rg BT 99.04 610.10 Td (has ) Tj ET Q q 0 0 0 rg BT 113.65 610.10 Td (not ) Tj ET Q q 0 0 0 rg BT 127.71 610.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 141.20 610.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 180.80 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.51 610.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 217.22 610.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 250.16 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.77 610.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 298.26 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 308.99 610.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 360.24 610.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 384.02 610.10 Td (but ) Tj ET Q q 0 0 0 rg BT 398.07 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 422.12 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.40 610.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 462.45 610.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 513.70 610.10 Td (proceedings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.10 598.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.08 598.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 122.38 598.10 Td (been ) Tj ET Q q 0 0 0 rg BT 143.36 598.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 186.56 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.44 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.75 598.10 Td (State ) Tj ET Q q 0 0 0 rg BT 232.85 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.39 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.71 598.10 Td (government) Tj ET Q q 0 0 0 rg BT 314.25 598.10 Td (s ) Tj ET Q q 0 0 0 rg BT 320.25 598.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 354.01 598.10 Td (response ) Tj ET Q q 0 0 0 rg BT 391.11 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.99 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.31 598.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 445.73 598.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 505.04 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 522.14 598.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.12 598.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 94.47 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.63 586.10 Td (are ) Tj ET Q q 0 0 0 rg BT 120.66 586.10 Td (underway) Tj ET Q q 0 0 0 rg BT 159.44 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.76 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 179.25 586.10 Td (do ) Tj ET Q q 0 0 0 rg BT 192.07 586.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.67 586.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 239.37 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.19 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.23 586.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 310.04 586.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 342.30 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.45 586.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 406.25 586.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.07 586.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 472.99 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 493.59 586.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 536.41 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.56 586.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 102.47 574.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 149.39 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.45 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 179.39 574.10 Td (material ) Tj ET Q q 0 0 0 rg BT 214.65 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.93 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.76 574.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 278.24 574.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 315.46 574.10 Td (results ) Tj ET Q q 0 0 0 rg BT 344.07 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.90 574.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 401.56 574.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 421.83 574.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 446.55 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.38 574.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 490.62 574.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.98 553.10 Td (California ) Tj ET Q q 0 0 0 rg BT 110.96 553.10 Td (Of) Tj ET Q q 0 0 0 rg BT 121.33 553.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 138.75 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.52 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.64 553.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 201.62 553.10 Td (General ) Tj ET Q q 0 0 0 rg BT 235.70 553.10 Td (has ) Tj ET Q q 0 0 0 rg BT 251.47 553.10 Td (also ) Tj ET Q q 0 0 0 rg BT 270.01 553.10 Td (received ) Tj ET Q q 0 0 0 rg BT 306.31 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.19 553.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 342.28 553.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 394.69 553.10 Td (referral ) Tj ET Q q 0 0 0 rg BT 426.54 553.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 459.52 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.73 553.10 Td (another ) Tj ET Q q 0 0 0 rg BT 502.15 553.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 532.91 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.34 553.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 81.02 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.40 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.22 541.10 Td (state.) Tj ET Q q 0 0 0 rg BT 127.37 541.10 Td (This ) Tj ET Q q 0 0 0 rg BT 146.74 541.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 173.89 541.10 Td (grew ) Tj ET Q q 0 0 0 rg BT 195.48 541.10 Td (out ) Tj ET Q q 0 0 0 rg BT 209.86 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.79 541.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.83 541.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 260.74 541.10 Td (inspection ) Tj ET Q q 0 0 0 rg BT 303.45 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.38 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.19 541.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 357.12 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.15 541.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 419.19 541.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 454.67 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.60 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.64 541.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 511.13 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.94 541.10 Td (V) Tj ET Q q 0 0 0 rg BT 527.56 541.10 Td (iolations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 78.45 529.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 99.68 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.91 529.10 Td (number ) Tj ET Q q 0 0 0 rg BT 138.24 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.36 529.10 Td (alleged ) Tj ET Q q 0 0 0 rg BT 179.02 529.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 220.25 529.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 252.58 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.15 529.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 304.48 529.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 329.03 529.10 Td (management ) Tj ET Q q 0 0 0 rg BT 381.91 529.10 Td (requirements.) Tj ET Q q 0 0 0 rg BT 438.93 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 447.57 529.10 Td (e ) Tj ET Q q 0 0 0 rg BT 453.80 529.10 Td (were ) Tj ET Q q 0 0 0 rg BT 475.02 529.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 507.91 529.10 Td (by ) Tj ET Q q 0 0 0 rg BT 519.70 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.70 529.10 Td (agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.67 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.67 517.10 Td (response ) Tj ET Q q 0 0 0 rg BT 121.33 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.77 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.66 517.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 188.22 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.02 517.10 Td (V) Tj ET Q q 0 0 0 rg BT 205.64 517.10 Td (iolations ) Tj ET Q q 0 0 0 rg BT 242.76 517.10 Td (was ) Tj ET Q q 0 0 0 rg BT 260.98 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 276.43 517.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 314.07 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.18 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.84 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.73 517.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 391.94 517.10 Td (had ) Tj ET Q q 0 0 0 rg BT 409.05 517.10 Td (been ) Tj ET Q q 0 0 0 rg BT 430.60 517.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 464.90 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.35 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.65 517.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 527.86 517.10 Td (General, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (but ) Tj ET Q q 0 0 0 rg BT 65.41 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.82 505.10 Td (date ) Tj ET Q q 0 0 0 rg BT 95.11 505.10 Td (we ) Tj ET Q q 0 0 0 rg BT 109.41 505.10 Td (have ) Tj ET Q q 0 0 0 rg BT 130.92 505.10 Td (received ) Tj ET Q q 0 0 0 rg BT 167.41 505.10 Td (no ) Tj ET Q q 0 0 0 rg BT 180.04 505.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 244.88 505.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.96 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.23 505.10 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 319.41 505.10 Td (General) Tj ET Q q 0 0 0 rg BT 353.83 505.10 Td (s ) Tj ET Q q 0 0 0 rg BT 360.35 505.10 Td (Of) Tj ET Q q 0 0 0 rg BT 370.73 505.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 388.34 505.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 435.40 505.10 Td (this ) Tj ET Q q 0 0 0 rg BT 452.48 505.10 Td (matter) Tj ET Q q 0 0 0 rg BT 477.47 505.10 Td (.Based ) Tj ET Q q 0 0 0 rg BT 509.54 505.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.18 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.03 505.10 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.05 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.99 493.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 109.81 493.10 Td (allegations, ) Tj ET Q q 0 0 0 rg BT 158.36 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.52 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.46 493.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 208.17 493.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.89 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.83 493.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 279.65 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.15 493.10 Td (question ) Tj ET Q q 0 0 0 rg BT 326.76 493.10 Td (were ) Tj ET Q q 0 0 0 rg BT 348.91 493.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 392.73 493.10 Td (several ) Tj ET Q q 0 0 0 rg BT 423.77 493.10 Td (years ) Tj ET Q q 0 0 0 rg BT 447.59 493.10 Td (ago ) Tj ET Q q 0 0 0 rg BT 464.75 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.92 493.10 Td (are ) Tj ET Q q 0 0 0 rg BT 496.85 493.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.35 493.10 Td (ongoing, ) Tj ET Q q 0 0 0 rg BT 550.35 493.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (do ) Tj ET Q q 0 0 0 rg BT 63.68 481.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.15 481.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 112.70 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.60 481.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 172.28 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.30 481.10 Td (this ) Tj ET Q q 0 0 0 rg BT 202.43 481.10 Td (threatened ) Tj ET Q q 0 0 0 rg BT 247.75 481.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 301.41 481.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 349.52 481.10 Td (will ) Tj ET Q q 0 0 0 rg BT 368.76 481.10 Td (be ) Tj ET Q q 0 0 0 rg BT 381.88 481.10 Td (material ) Tj ET Q q 0 0 0 rg BT 418.32 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.79 481.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.80 481.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 485.46 481.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 523.87 481.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.67 481.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 96.66 469.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.92 469.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 141.65 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.48 469.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 185.72 469.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (ITEM4. MINE SAFETY) Tj ET Q q 0 0 0 rg BT 157.97 445.10 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (EXECUTIVE ) Tj ET Q q 0 0 0 rg BT 111.96 406.10 Td (OFFICERS ) Tj ET Q q 0 0 0 rg BT 165.02 406.10 Td (OF) Tj ET Q q 0 0 0 rg BT 178.54 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.85 406.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 204.47 406.10 Td (REGISTRANT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (Information about our executive of) Tj ET Q q 0 0 0 rg BT 189.77 388.10 Td (ficers is incorporated by reference from Part III, Item 10 of this annual report. ) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (24) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.45 730.10 Td (P) Tj ET Q q 0 0 0 rg BT 294.09 730.10 Td (AR) Tj ET Q q 0 0 0 rg BT 307.38 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 313.31 730.10 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (ITEM5. 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0.9333333333333333 1 rg /GS0 gs 334.50 493.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 493.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 493.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 493.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 493.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 463.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 463.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 463.60 100.00 -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 334.5 605.6 m 394.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 605.6 m 398.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 605.6 m 458.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 605.6 m 462.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 605.6 m 562.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 591.6 m 394.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 591.6 m 458.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 591.6 m 562.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 591.6 m 394.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 591.6 m 458.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 591.6 m 562.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 507.6 m 394.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 507.6 m 398.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 507.6 m 458.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 507.6 m 462.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 507.6 m 562.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 493.6 m 394.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 493.6 m 458.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 493.6 m 562.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 493.6 m 394.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 493.6 m 458.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 493.6 m 562.5 493.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 609.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 610.28 Td (Fiscal 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 595.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.05 596.28 Td (HighPrice) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 596.28 Td (LowPrice) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.25 596.28 Td (DividendsPerShare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.17 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 581.27 Td (17.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 581.27 Td (12.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.17 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 566.27 Td (16.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 566.27 Td (11.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 566.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.17 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 551.27 Td (21.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 551.27 Td (14.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 551.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.17 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 536.27 Td (20.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 536.27 Td (14.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 536.27 Td (0.1875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 511.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 512.28 Td (Fiscal 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 497.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.05 498.28 Td (High Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 498.28 Td (Low Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.25 498.28 Td (Dividends Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.17 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 483.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 483.27 Td (28.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 483.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 483.27 Td (21.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 483.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 483.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.17 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 468.27 Td (24.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 468.27 Td (15.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 468.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 468.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.17 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 453.27 Td (19.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 453.27 Td (15.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 453.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.17 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 438.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 438.27 Td (20.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 438.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 438.27 Td (15.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 438.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 438.27 Td (0.1875) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.70 410.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 91.52 410.10 Td (B ) Tj ET Q q 0 0 0 rg BT 100.34 410.10 Td (common ) Tj ET Q q 0 0 0 rg BT 137.48 410.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 160.74 410.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.56 410.10 Td (not ) Tj ET Q q 0 0 0 rg BT 184.48 410.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 219.40 410.10 Td (traded. ) Tj ET Q q 0 0 0 rg BT 248.88 410.10 Td (There ) Tj ET Q q 0 0 0 rg BT 274.35 410.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.05 410.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.49 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.63 410.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 336.33 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.81 410.10 Td (record ) Tj ET Q q 0 0 0 rg BT 374.49 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.97 410.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 408.79 410.10 Td (B ) Tj ET Q q 0 0 0 rg BT 417.61 410.10 Td (common ) Tj ET Q q 0 0 0 rg BT 454.75 410.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 478.01 410.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.16 410.10 Td (October21, ) Tj ET Q q 0 0 0 rg BT 539.51 410.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 410.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (Issuer) Tj ET Q q 0 0 0 rg BT 75.93 389.10 Td ( Pur) Tj ET Q q 0 0 0 rg BT 94.36 389.10 Td (chases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.68 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.14 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.27 371.10 Td (share ) Tj ET Q q 0 0 0 rg BT 129.05 371.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 175.04 371.10 Td (program ) Tj ET Q q 0 0 0 rg BT 211.60 371.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.61 371.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 261.39 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.85 371.10 Td (2001 ) Tj ET Q q 0 0 0 rg BT 294.53 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.65 371.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 336.84 371.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.18 371.10 Td (were ) Tj ET Q q 0 0 0 rg BT 373.29 371.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 418.18 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.64 371.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 474.63 371.10 Td (up ) Tj ET Q q 0 0 0 rg BT 487.31 371.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.77 371.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 505.45 371.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.35 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.03 371.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.43 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.85 359.10 Td (Class) Tj ET Q q 0 0 0 rg BT 101.47 359.10 Td (A) Tj ET Q q 0 0 0 rg BT 108.14 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.24 359.10 Td (common ) Tj ET Q q 0 0 0 rg BT 149.33 359.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 173.54 359.10 Td (when ) Tj ET Q q 0 0 0 rg BT 198.29 359.10 Td (management ) Tj ET Q q 0 0 0 rg BT 252.48 359.10 Td (deems ) Tj ET Q q 0 0 0 rg BT 281.13 359.10 Td (such ) Tj ET Q q 0 0 0 rg BT 302.55 359.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 352.85 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.72 359.10 Td (be ) Tj ET Q q 0 0 0 rg BT 376.26 359.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 427.39 359.10 Td (In ) Tj ET Q q 0 0 0 rg BT 438.81 359.10 Td (November ) Tj ET Q q 0 0 0 rg BT 484.12 359.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 509.72 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.14 359.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.68 359.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 90.15 347.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 130.29 347.10 Td (an ) Tj ET Q q 0 0 0 rg BT 142.67 347.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 178.36 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.08 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.23 347.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.16 347.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 277.30 347.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.90 347.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 338.14 347.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.08 347.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 359.02 347.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.91 347.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.35 347.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.07 347.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 412.01 347.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.90 347.10 Td (. ) Tj ET Q q 0 0 0 rg BT 445.69 347.10 Td (As ) Tj ET Q q 0 0 0 rg BT 459.74 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.01 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.16 347.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 529.10 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.37 347.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 75.46 335.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.09 335.10 Td (had ) Tj ET Q q 0 0 0 rg BT 107.49 335.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 158.76 335.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.48 335.10 Td (6.9 ) Tj ET Q q 0 0 0 rg BT 234.95 335.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.84 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.80 335.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 294.76 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.05 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.34 335.10 Td (Class) Tj ET Q q 0 0 0 rg BT 345.96 335.10 Td (A) Tj ET Q q 0 0 0 rg BT 352.63 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.60 335.10 Td (common ) Tj ET Q q 0 0 0 rg BT 393.55 335.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 417.63 335.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.36 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.54 335.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 497.67 335.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.30 335.10 Td (e ) Tj ET Q q 0 0 0 rg BT 513.71 335.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.19 323.10 Td (68 ) Tj ET Q q 0 0 0 rg BT 124.63 323.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.74 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.17 323.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 192.59 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.69 323.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.56 323.10 Td (total ) Tj ET Q q 0 0 0 rg BT 236.77 323.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.53 323.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 261.97 323.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.86 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.29 323.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.16 323.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 330.60 323.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.71 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.14 323.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.57 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.66 323.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.53 323.10 Td (total ) Tj ET Q q 0 0 0 rg BT 442.74 323.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 323.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 467.94 323.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.83 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.26 323.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.48 323.10 Td (open-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.37 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.76 311.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 138.02 311.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 161.63 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.68 311.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 205.79 311.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 253.45 311.10 Td (. ) Tj ET Q q 0 0 0 rg BT 259.29 311.10 Td (W) Tj ET Q q 0 0 0 rg BT 267.93 311.10 Td (e ) Tj ET Q q 0 0 0 rg BT 275.98 311.10 Td (did ) Tj ET Q q 0 0 0 rg BT 292.37 311.10 Td (not ) Tj ET Q q 0 0 0 rg BT 308.75 311.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 355.67 311.10 Td (any ) Tj ET Q q 0 0 0 rg BT 373.71 311.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.31 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.70 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.52 311.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 457.57 311.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 489.50 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.43 311.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 526.70 311.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 552.01 311.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 96.39 299.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.39 299.10 Td (there ) Tj ET Q q 0 0 0 rg BT 143.88 299.10 Td (were ) Tj ET Q q 0 0 0 rg BT 165.81 299.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.06 299.10 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 241.06 299.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.96 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.46 299.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.95 299.10 Td (available ) Tj ET Q q 0 0 0 rg BT 338.54 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 352.70 299.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 398.50 299.10 Td (under ) Tj ET Q q 0 0 0 rg BT 423.77 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.49 299.10 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.93 278.10 Td (share ) Tj ET Q q 0 0 0 rg BT 93.42 278.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 140.11 278.10 Td (program ) Tj ET Q q 0 0 0 rg BT 177.38 278.10 Td (does ) Tj ET Q q 0 0 0 rg BT 199.10 278.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.26 278.10 Td (require ) Tj ET Q q 0 0 0 rg BT 246.97 278.10 Td (us ) Tj ET Q q 0 0 0 rg BT 259.25 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.41 278.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 303.22 278.10 Td (any ) Tj ET Q q 0 0 0 rg BT 321.05 278.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 355.53 278.10 Td (number ) Tj ET Q q 0 0 0 rg BT 389.46 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.18 278.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 432.06 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.89 278.10 Td (we ) Tj ET Q q 0 0 0 rg BT 464.93 278.10 Td (may ) Tj ET Q q 0 0 0 rg BT 485.54 278.10 Td (suspend, ) Tj ET Q q 0 0 0 rg BT 523.65 278.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 553.69 278.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 89.56 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.58 266.10 Td (program ) Tj ET Q q 0 0 0 rg BT 139.26 266.10 Td (at ) Tj ET Q q 0 0 0 rg BT 148.28 266.10 Td (any ) Tj ET Q q 0 0 0 rg BT 164.52 266.10 Td (time ) Tj ET Q q 0 0 0 rg BT 184.10 266.10 Td (without ) Tj ET Q q 0 0 0 rg BT 216.46 266.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 237.70 266.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 263.94 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.18 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.20 266.10 Td (program ) Tj ET Q q 0 0 0 rg BT 329.88 266.10 Td (may ) Tj ET Q q 0 0 0 rg BT 348.90 266.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.14 266.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 397.48 266.10 Td (through ) Tj ET Q q 0 0 0 rg BT 430.39 266.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 482.73 266.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 526.46 266.10 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 94.96 254.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 146.03 254.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.67 254.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 194.31 254.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 216.50 254.10 Td (10b5-1 ) Tj ET Q q 0 0 0 rg BT 248.14 254.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 291.48 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 300.11 254.10 Td (e ) Tj ET Q q 0 0 0 rg BT 307.86 254.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 344.48 254.10 Td (long- ) Tj ET Q q 0 0 0 rg BT 368.90 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.64 254.10 Td (short-range ) Tj ET Q q 0 0 0 rg BT 435.49 254.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 474.33 254.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.97 254.10 Td (well ) Tj ET Q q 0 0 0 rg BT 506.50 254.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.13 254.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 82.49 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.43 242.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 119.15 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.98 242.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.25 242.10 Td (before ) Tj ET Q q 0 0 0 rg BT 178.29 242.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 229.11 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.82 242.10 Td (course ) Tj ET Q q 0 0 0 rg BT 272.42 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.25 242.10 Td (action ) Tj ET Q q 0 0 0 rg BT 310.19 242.10 Td (that ) Tj ET Q q 0 0 0 rg BT 327.68 242.10 Td (would ) Tj ET Q q 0 0 0 rg BT 355.18 242.10 Td (best ) Tj ET Q q 0 0 0 rg BT 373.79 242.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 409.04 242.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 458.19 242.10 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.60 221.10 Td (Authorized for) Tj ET Q q 0 0 0 rg BT 157.02 221.10 Td ( Issuance under) Tj ET Q q 0 0 0 rg BT 224.08 221.10 Td ( Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.12 203.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 89.24 203.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.24 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.92 203.10 Td (- ) Tj ET Q q 0 0 0 rg BT 107.93 203.10 Td (Share-Based ) Tj ET Q q 0 0 0 rg BT 161.14 203.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 221.60 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.05 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.95 203.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 272.96 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.42 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.31 203.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 353.77 203.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 393.66 203.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 440.22 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.68 203.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 469.47 203.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 481.31 203.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 502.31 203.10 Td (8 ) Tj ET Q q 0 0 0 rg BT 509.99 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.00 203.10 Td (this ) Tj ET Q q 0 0 0 rg BT 538.13 203.10 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 191.10 Td (information ) Tj ET Q q 0 0 0 rg BT 113.87 191.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 154.69 191.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 194.95 191.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 239.65 191.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.81 191.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 290.19 191.10 Td (under ) Tj ET Q q 0 0 0 rg BT 315.46 191.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 365.16 191.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 423.20 191.10 Td (plans.) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (25) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 108.02 742.25 Td (Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.98 724.25 Td (following ) Tj ET Q q 0 0 0 rg BT 109.29 724.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 134.49 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.36 724.25 Td (related ) Tj ET Q q 0 0 0 rg BT 181.00 724.25 Td (information ) Tj ET Q q 0 0 0 rg BT 230.64 724.25 Td (compares ) Tj ET Q q 0 0 0 rg BT 271.38 724.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 318.24 724.25 Td (total ) Tj ET Q q 0 0 0 rg BT 338.45 724.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 387.52 724.25 Td (return ) Tj ET Q q 0 0 0 rg BT 413.83 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 426.26 724.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.02 724.25 Td (Class) Tj ET Q q 0 0 0 rg BT 465.64 724.25 Td (A) Tj ET Q q 0 0 0 rg BT 472.31 724.25 Td ( ) Tj ET Q q 0 0 0 rg BT 474.74 724.25 Td (common ) Tj ET Q q 0 0 0 rg BT 512.17 724.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 535.71 724.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 724.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (five-year ) Tj ET Q q 0 0 0 rg BT 88.48 712.25 Td (period ) Tj ET Q q 0 0 0 rg BT 116.41 712.25 Td (from ) Tj ET Q q 0 0 0 rg BT 138.24 712.25 Td (September1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.40 712.25 Td (201) Tj ET Q q 0 0 0 rg BT 208.03 712.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.03 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.42 712.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.39 712.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 294.68 712.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.68 712.25 Td (, ) Tj ET Q q 0 0 0 rg BT 319.57 712.25 Td (with ) Tj ET Q q 0 0 0 rg BT 339.74 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.35 712.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 401.17 712.25 Td (total ) Tj ET Q q 0 0 0 rg BT 421.33 712.25 Td (return ) Tj ET Q q 0 0 0 rg BT 447.60 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 461.65 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.26 712.25 Td (same ) Tj ET Q q 0 0 0 rg BT 499.20 712.25 Td (period ) Tj ET Q q 0 0 0 rg BT 527.14 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.86 712.25 Td (\(i\)the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (S&P) Tj ET Q q 0 0 0 rg BT 68.53 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 71.19 700.25 Td (500 ) Tj ET Q q 0 0 0 rg BT 88.85 700.25 Td (Index, ) Tj ET Q q 0 0 0 rg BT 116.78 700.25 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 146.38 700.25 Td (S&P) Tj ET Q q 0 0 0 rg BT 164.91 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 167.57 700.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 190.22 700.25 Td (Index ) Tj ET Q q 0 0 0 rg BT 215.65 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.75 700.25 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 265.13 700.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 309.46 700.25 Td (Composite ) Tj ET Q q 0 0 0 rg BT 355.45 700.25 Td (Index. ) Tj ET Q q 0 0 0 rg BT 383.19 700.25 Td (These ) Tj ET Q q 0 0 0 rg BT 409.73 700.25 Td (comparisons ) Tj ET Q q 0 0 0 rg BT 462.94 700.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 495.04 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 507.14 700.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 553.68 700.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 72.04 688.25 Td (at ) Tj ET Q q 0 0 0 rg BT 81.29 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.55 688.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 160.89 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.26 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.52 688.25 Td (period ) Tj ET Q q 0 0 0 rg BT 213.10 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.58 688.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.61 688.25 Td (all ) Tj ET Q q 0 0 0 rg BT 258.65 688.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 299.57 688.25 Td (are ) Tj ET Q q 0 0 0 rg BT 313.82 688.25 Td (reinvested. ) Tj ET Q q 0 0 0 rg BT 359.30 688.25 Td (The ) Tj ET Q q 0 0 0 rg BT 376.89 688.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 400.04 688.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 452.60 688.25 Td (outlined ) Tj ET Q q 0 0 0 rg BT 487.41 688.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.23 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.48 688.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 75.92 676.25 Td (below ) Tj ET Q q 0 0 0 rg BT 103.51 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 113.33 676.25 Td (not ) Tj ET Q q 0 0 0 rg BT 129.25 676.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 176.83 676.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 219.40 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.88 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 247.36 676.25 Td (future ) Tj ET Q q 0 0 0 rg BT 274.39 676.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 330.56 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.15 676.25 Td (we ) Tj ET Q q 0 0 0 rg BT 362.96 676.25 Td (do ) Tj ET Q q 0 0 0 rg BT 376.11 676.25 Td (not ) Tj ET Q q 0 0 0 rg BT 392.04 676.25 Td (endorse ) Tj ET Q q 0 0 0 rg BT 426.28 676.25 Td (any ) Tj ET Q q 0 0 0 rg BT 443.87 676.25 Td (predictions ) Tj ET Q q 0 0 0 rg BT 491.46 676.25 Td (as ) Tj ET Q q 0 0 0 rg BT 502.93 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.86 676.25 Td (future ) Tj ET Q q 0 0 0 rg BT 540.89 676.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (performance.) Tj ET Q /GS0 gs q 460.00 0 0 365.00 76.00 282.25 cm /I1 Do Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 248.75 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 218.75 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 218.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 218.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 218.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 218.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 218.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 218.75 60.00 -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 182.5 262.75 m 242.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 262.75 m 246.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 262.75 m 306.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 262.75 m 310.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 262.75 m 370.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 262.75 m 374.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 262.75 m 434.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 262.75 m 438.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 262.75 m 498.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 262.75 m 502.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 262.75 m 562.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 262.75 m 242.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 248.75 m 242.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 248.75 m 306.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 248.75 m 370.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 248.75 m 434.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 248.75 m 498.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 248.75 m 562.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 248.75 m 242.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 248.75 m 306.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 248.75 m 370.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 248.75 m 434.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 248.75 m 498.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 248.75 m 562.5 248.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 267.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 267.43 Td (Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.00 253.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 253.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 253.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 253.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 253.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 253.43 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 239.32 Td (Schnitzer Steel Industries) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.20 243.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 238.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 238.42 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 238.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 238.42 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 238.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 238.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 238.42 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 224.32 Td (S&P 500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 223.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 223.42 Td (118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 223.42 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 223.42 Td (175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 223.42 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 223.42 Td (198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 209.32 Td (S&P Steel Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 208.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 208.42 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 208.42 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 208.42 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 208.42 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 208.42 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 194.32 Td (NASDAQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 193.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 193.42 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 193.42 Td (143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 193.42 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 193.42 Td (195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 193.42 Td (215) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 179.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 170.05 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 68.00 170.05 Td (Because we operate in two distinct but related businesses, we have no direct market peer issuers. ) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (26) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM6. 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0.9333333333333333 1 rg /GS0 gs 370.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 293.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 293.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 293.75 60.00 -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 246.5 705.75 m 306.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 705.75 m 310.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 705.75 m 370.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 705.75 m 374.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 705.75 m 434.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 705.75 m 438.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 705.75 m 498.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 705.75 m 502.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 705.75 m 562.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 691.75 m 306.5 691.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 691.75 m 370.5 691.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 691.75 m 434.5 691.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 691.75 m 498.5 691.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 691.75 m 562.5 691.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 337.75 m 306.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 337.75 m 310.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 337.75 m 370.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 337.75 m 374.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 337.75 m 434.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 337.75 m 438.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 337.75 m 498.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 337.75 m 502.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.75 m 562.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 337.75 m 306.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 323.75 m 306.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 337.75 m 310.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 337.75 m 370.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 323.75 m 370.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 337.75 m 374.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 337.75 m 434.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 323.75 m 434.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 337.75 m 438.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 337.75 m 498.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 323.75 m 498.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 337.75 m 502.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.75 m 562.5 337.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 323.75 m 562.5 323.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 710.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.15 710.43 Td (Year Ended August31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 696.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 696.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 696.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 696.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 696.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 696.43 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.42 Td (STATEMENT OF OPERATIONS DATA:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.42 Td (\(in thousands, except per share and dividend data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 651.42 Td (1,352,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 651.42 Td (1,915,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 651.42 Td (2,534,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 651.42 Td (2,616,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 651.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 651.42 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 636.42 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.64 640.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 636.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 636.42 Td (\(7,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 636.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 636.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 636.47 Td (\(195,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 636.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 636.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 636.42 Td (24,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 636.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 636.47 Td (\(323,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 636.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 636.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 636.42 Td (53,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 621.42 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 621.42 Td (\(16,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 621.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 621.47 Td (\(187,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 621.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 621.42 Td (12,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 621.47 Td (\(275,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 621.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 621.42 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 606.42 Td (Loss from discontinued operations, net of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 596.42 Td (tax) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 92.22 600.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 596.42 Td (\(1,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 596.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 596.47 Td (\(7,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 596.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 596.47 Td (\(2,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 596.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 596.47 Td (\(4,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 596.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 596.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 596.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 581.42 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 581.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 581.42 Td (\(19,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 581.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 581.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 581.47 Td (\(197,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 581.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 581.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 581.42 Td (5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 581.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 581.47 Td (\(281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 581.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 581.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.42 Td (27,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 566.42 Td (Income \(loss\) per share from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 556.42 Td (operations attributable to SSI \(diluted\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 556.42 Td (\(0.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 556.47 Td (\(7.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 556.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 556.47 Td (\(10.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 556.42 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.42 Td (Net income \(loss\) per share attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 531.42 Td (SSI \(diluted\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 531.42 Td (\(0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 531.47 Td (\(7.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 531.42 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 531.47 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 531.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 531.42 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 516.42 Td (Dividends declared per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 516.42 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 516.42 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 516.42 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 516.42 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 516.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 516.42 Td (0.410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.42 Td (OTHER DATA:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 486.42 Td (Shipments \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 172.67 490.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.24 486.42 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 471.42 Td (Recycled ferrous metal \(tons\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 471.42 Td (3,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 471.42 Td (3,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 471.42 Td (4,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 471.42 Td (4,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 471.42 Td (5,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 456.42 Td (Recycled nonferrous metal \(pounds\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 456.42 Td (510,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 456.42 Td (585,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 456.42 Td (614,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 456.42 Td (580,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 456.42 Td (709,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 441.42 Td (Finished steel products \(tons\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 441.42 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 441.42 Td (540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 441.42 Td (533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 441.42 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 441.42 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 426.42 Td (A) Tj ET Q q 0 0 0 rg BT 77.48 426.42 Td (verage net selling price) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.49 430.95 Td (\(3\)\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.65 426.42 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 411.42 Td (Recycled ferrous metal \(per ton\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 411.42 Td (194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 411.42 Td (269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 411.42 Td (348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 411.42 Td (354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 411.42 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 396.42 Td (Recycled nonferrous metal \(per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 386.42 Td (pound\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 386.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 386.42 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 386.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 386.42 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 386.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 386.42 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 386.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 386.42 Td (0.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 386.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 386.42 Td (0.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 371.42 Td (Finished steel products \(per ton\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 371.42 Td (522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 371.42 Td (639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 371.42 Td (677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 371.42 Td (680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 371.42 Td (715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.20 342.43 Td (August 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 328.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 328.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 328.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 328.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 328.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 328.43 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 313.42 Td (BALANCE SHEET DATA \(in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 298.42 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 298.42 Td (891,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 298.42 Td (962,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 298.42 Td (1,355,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 298.42 Td (1,405,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 298.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 298.42 Td (1,763,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.42 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 283.42 Td (184,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 283.42 Td (227,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 283.42 Td (318,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 283.42 Td (372,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 283.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 283.42 Td (334,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.42 Td (Redeemable noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 268.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 268.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 268.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 268.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 268.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 268.42 Td (22,248) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 254.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 245.05 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 245.05 Td (The ) Tj ET Q q 0 0 0 rg BT 82.96 245.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.70 245.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 130.67 245.05 Td (in ) Tj ET Q q 0 0 0 rg BT 139.41 245.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 159.26 245.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 177.79 245.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 206.97 245.05 Td (a ) Tj ET Q q 0 0 0 rg BT 213.04 245.05 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 244.01 245.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 283.41 245.05 Td (char) Tj ET Q q 0 0 0 rg BT 297.04 245.05 Td (ge ) Tj ET Q q 0 0 0 rg BT 307.11 245.05 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.30 245.05 Td ($9 ) Tj ET Q q 0 0 0 rg BT 326.82 245.05 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.93 245.05 Td (, ) Tj ET Q q 0 0 0 rg BT 354.46 245.05 Td (other ) Tj ET Q q 0 0 0 rg BT 373.42 245.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 391.49 245.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.89 245.05 Td (char) Tj ET Q q 0 0 0 rg BT 444.52 245.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 457.70 245.05 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.89 245.05 Td ($21 ) Tj ET Q q 0 0 0 rg BT 481.41 245.05 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.53 245.05 Td ( ) Tj ET Q q 0 0 0 rg BT 507.05 245.05 Td (and ) Tj ET Q q 0 0 0 rg BT 521.13 245.05 Td (restructuring ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 235.45 Td (char) Tj ET Q q 0 0 0 rg BT 81.62 235.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 94.84 235.45 Td (and ) Tj ET Q q 0 0 0 rg BT 108.95 235.45 Td (other ) Tj ET Q q 0 0 0 rg BT 127.94 235.45 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 166.91 235.45 Td (activities ) Tj ET Q q 0 0 0 rg BT 198.35 235.45 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.57 235.45 Td ($7 ) Tj ET Q q 0 0 0 rg BT 218.12 235.45 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.23 235.45 Td (. ) Tj ET Q q 0 0 0 rg BT 245.79 235.45 Td (Operating ) Tj ET Q q 0 0 0 rg BT 280.33 235.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 295.34 235.45 Td (in ) Tj ET Q q 0 0 0 rg BT 304.11 235.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 323.99 235.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 342.55 235.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 371.76 235.45 Td (a ) Tj ET Q q 0 0 0 rg BT 377.87 235.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 408.87 235.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 448.30 235.45 Td (char) Tj ET Q q 0 0 0 rg BT 461.92 235.45 Td (ge ) Tj ET Q q 0 0 0 rg BT 472.03 235.45 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.25 235.45 Td ($141 ) Tj ET Q q 0 0 0 rg BT 499.80 235.45 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.91 235.45 Td (, ) Tj ET Q q 0 0 0 rg BT 527.47 235.45 Td (other ) Tj ET Q q 0 0 0 rg BT 546.46 235.45 Td (asset ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 225.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 106.74 225.85 Td (char) Tj ET Q q 0 0 0 rg BT 120.36 225.85 Td (ges ) Tj ET Q q 0 0 0 rg BT 132.89 225.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.42 225.85 Td ($45 ) Tj ET Q q 0 0 0 rg BT 155.28 225.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.39 225.85 Td ( ) Tj ET Q q 0 0 0 rg BT 180.25 225.85 Td (and ) Tj ET Q q 0 0 0 rg BT 193.67 225.85 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 236.40 225.85 Td (char) Tj ET Q q 0 0 0 rg BT 250.02 225.85 Td (ges ) Tj ET Q q 0 0 0 rg BT 262.55 225.85 Td (and ) Tj ET Q q 0 0 0 rg BT 275.96 225.85 Td (other ) Tj ET Q q 0 0 0 rg BT 294.26 225.85 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 332.55 225.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 363.29 225.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.82 225.85 Td ($13 ) Tj ET Q q 0 0 0 rg BT 385.68 225.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.79 225.85 Td (. ) Tj ET Q q 0 0 0 rg BT 412.65 225.85 Td (Operating ) Tj ET Q q 0 0 0 rg BT 446.50 225.85 Td (income ) Tj ET Q q 0 0 0 rg BT 471.91 225.85 Td (in ) Tj ET Q q 0 0 0 rg BT 480.00 225.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 499.18 225.85 Td (2014 ) Tj ET Q q 0 0 0 rg BT 517.05 225.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 545.57 225.85 Td (other ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 216.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 86.08 216.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 125.48 216.25 Td (char) Tj ET Q q 0 0 0 rg BT 139.10 216.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 152.29 216.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 161.48 216.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 172.00 216.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.11 216.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.64 216.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.71 216.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 255.11 216.25 Td (char) Tj ET Q q 0 0 0 rg BT 268.73 216.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 281.92 216.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.00 216.25 Td (other ) Tj ET Q q 0 0 0 rg BT 314.96 216.25 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 353.91 216.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 385.31 216.25 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 216.25 Td ($7 ) Tj ET Q q 0 0 0 rg BT 405.02 216.25 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.14 216.25 Td (. ) Tj ET Q q 0 0 0 rg BT 432.66 216.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 467.17 216.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 482.15 216.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.89 216.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 510.74 216.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 529.27 216.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 558.45 216.25 Td (a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 206.65 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 98.36 206.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 137.15 206.65 Td (char) Tj ET Q q 0 0 0 rg BT 150.77 206.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 160.23 206.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.80 206.65 Td ($321 ) Tj ET Q q 0 0 0 rg BT 186.72 206.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.83 206.65 Td (, ) Tj ET Q q 0 0 0 rg BT 213.74 206.65 Td (other ) Tj ET Q q 0 0 0 rg BT 232.09 206.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 249.55 206.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 288.34 206.65 Td (char) Tj ET Q q 0 0 0 rg BT 301.96 206.65 Td (ges ) Tj ET Q q 0 0 0 rg BT 314.54 206.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.11 206.65 Td ($13 ) Tj ET Q q 0 0 0 rg BT 337.02 206.65 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.14 206.65 Td ( ) Tj ET Q q 0 0 0 rg BT 362.05 206.65 Td (and ) Tj ET Q q 0 0 0 rg BT 375.51 206.65 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 418.30 206.65 Td (char) Tj ET Q q 0 0 0 rg BT 431.92 206.65 Td (ges ) Tj ET Q q 0 0 0 rg BT 444.49 206.65 Td (and ) Tj ET Q q 0 0 0 rg BT 457.95 206.65 Td (other ) Tj ET Q q 0 0 0 rg BT 476.30 206.65 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 514.64 206.65 Td (activities ) Tj ET Q q 0 0 0 rg BT 545.43 206.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 206.65 Td ($8 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 197.05 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 91.11 197.05 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 184.45 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 184.45 Td (In ) Tj ET Q q 0 0 0 rg BT 76.30 184.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 95.27 184.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.90 184.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.32 184.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.06 184.45 Td (ceased ) Tj ET Q q 0 0 0 rg BT 182.02 184.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 216.98 184.45 Td (at ) Tj ET Q q 0 0 0 rg BT 224.39 184.45 Td (seven ) Tj ET Q q 0 0 0 rg BT 244.25 184.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 259.66 184.45 Td (parts ) Tj ET Q q 0 0 0 rg BT 276.85 184.45 Td (stores, ) Tj ET Q q 0 0 0 rg BT 299.15 184.45 Td (six ) Tj ET Q q 0 0 0 rg BT 310.13 184.45 Td (of ) Tj ET Q q 0 0 0 rg BT 318.43 184.45 Td (which ) Tj ET Q q 0 0 0 rg BT 339.62 184.45 Td (qualified ) Tj ET Q q 0 0 0 rg BT 369.69 184.45 Td (for ) Tj ET Q q 0 0 0 rg BT 380.66 184.45 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 423.18 184.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 458.14 184.45 Td (reporting ) Tj ET Q q 0 0 0 rg BT 489.11 184.45 Td (and ) Tj ET Q q 0 0 0 rg BT 502.29 184.45 Td (whose ) Tj ET Q q 0 0 0 rg BT 524.38 184.45 Td (results ) Tj ET Q q 0 0 0 rg BT 546.90 184.45 Td (have ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 174.85 Td (been ) Tj ET Q q 0 0 0 rg BT 85.37 174.85 Td (removed ) Tj ET Q q 0 0 0 rg BT 115.63 174.85 Td (from ) Tj ET Q q 0 0 0 rg BT 133.44 174.85 Td (other ) Tj ET Q q 0 0 0 rg BT 152.15 174.85 Td (data ) Tj ET Q q 0 0 0 rg BT 167.74 174.85 Td (for ) Tj ET Q q 0 0 0 rg BT 179.34 174.85 Td (all ) Tj ET Q q 0 0 0 rg BT 189.60 174.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 215.42 174.85 Td (presented, ) Tj ET Q q 0 0 0 rg BT 250.34 174.85 Td (as ) Tj ET Q q 0 0 0 rg BT 259.27 174.85 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 296.41 174.85 Td (In ) Tj ET Q q 0 0 0 rg BT 305.34 174.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 324.93 174.85 Td (2014, ) Tj ET Q q 0 0 0 rg BT 345.20 174.85 Td (the ) Tj ET Q q 0 0 0 rg BT 357.24 174.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 390.62 174.85 Td (also ) Tj ET Q q 0 0 0 rg BT 405.77 174.85 Td (released ) Tj ET Q q 0 0 0 rg BT 434.24 174.85 Td (an ) Tj ET Q q 0 0 0 rg BT 444.06 174.85 Td (environmental ) Tj ET Q q 0 0 0 rg BT 492.54 174.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 519.69 174.85 Td (of ) Tj ET Q q 0 0 0 rg BT 528.62 174.85 Td ($1 ) Tj ET Q q 0 0 0 rg BT 538.89 174.85 Td (million ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 165.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 102.98 165.25 Td (with ) Tj ET Q q 0 0 0 rg BT 119.30 165.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 154.72 165.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 184.82 165.25 Td (in ) Tj ET Q q 0 0 0 rg BT 193.15 165.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 212.57 165.25 Td (2010. ) Tj ET Q q 0 0 0 rg BT 232.67 165.25 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.32 165.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 263.98 165.25 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.98 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.08 165.25 Td (- ) Tj ET Q q 0 0 0 rg BT 274.84 165.25 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 319.60 165.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 356.80 165.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.13 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.00 165.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 397.77 165.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.09 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.96 165.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 462.28 165.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 494.15 165.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 531.36 165.25 Td (in ) Tj ET Q q 0 0 0 rg BT 539.68 165.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 554.67 165.25 Td (II, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 155.65 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 90.66 155.65 Td (of ) Tj ET Q q 0 0 0 rg BT 99.32 155.65 Td (this ) Tj ET Q q 0 0 0 rg BT 112.88 155.65 Td (report ) Tj ET Q q 0 0 0 rg BT 133.98 155.65 Td (for ) Tj ET Q q 0 0 0 rg BT 145.31 155.65 Td (further ) Tj ET Q q 0 0 0 rg BT 169.08 155.65 Td (discussion.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 143.05 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 143.05 Td (T) Tj ET Q q 0 0 0 rg BT 72.33 143.05 Td (ons ) Tj ET Q q 0 0 0 rg BT 85.44 143.05 Td (for ) Tj ET Q q 0 0 0 rg BT 96.77 143.05 Td (recycled ) Tj ET Q q 0 0 0 rg BT 125.86 143.05 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 150.52 143.05 Td (metal ) Tj ET Q q 0 0 0 rg BT 170.29 143.05 Td (are ) Tj ET Q q 0 0 0 rg BT 182.05 143.05 Td (long ) Tj ET Q q 0 0 0 rg BT 198.27 143.05 Td (tons ) Tj ET Q q 0 0 0 rg BT 213.61 143.05 Td (\(2,240 ) Tj ET Q q 0 0 0 rg BT 236.27 143.05 Td (pounds\) ) Tj ET Q q 0 0 0 rg BT 264.05 143.05 Td (and ) Tj ET Q q 0 0 0 rg BT 277.60 143.05 Td (for ) Tj ET Q q 0 0 0 rg BT 288.93 143.05 Td (finished ) Tj ET Q q 0 0 0 rg BT 316.70 143.05 Td (steel ) Tj ET Q q 0 0 0 rg BT 333.36 143.05 Td (products ) Tj ET Q q 0 0 0 rg BT 362.91 143.05 Td (are ) Tj ET Q q 0 0 0 rg BT 374.68 143.05 Td (short ) Tj ET Q q 0 0 0 rg BT 392.68 143.05 Td (tons ) Tj ET Q q 0 0 0 rg BT 408.02 143.05 Td (\(2,000 ) Tj ET Q q 0 0 0 rg BT 430.68 143.05 Td (pounds\). ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 130.45 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 130.45 Td (In ) Tj ET Q q 0 0 0 rg BT 76.64 130.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 114.59 130.45 Td (with ) Tj ET Q q 0 0 0 rg BT 130.79 130.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 162.54 130.45 Td (accepted ) Tj ET Q q 0 0 0 rg BT 192.49 130.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 229.57 130.45 Td (principles, ) Tj ET Q q 0 0 0 rg BT 265.09 130.45 Td (the ) Tj ET Q q 0 0 0 rg BT 276.85 130.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.94 130.45 Td (reports ) Tj ET Q q 0 0 0 rg BT 334.13 130.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 364.54 130.45 Td (that ) Tj ET Q q 0 0 0 rg BT 378.52 130.45 Td (include ) Tj ET Q q 0 0 0 rg BT 404.04 130.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 433.13 130.45 Td (billed ) Tj ET Q q 0 0 0 rg BT 453.33 130.45 Td (for ) Tj ET Q q 0 0 0 rg BT 464.64 130.45 Td (freight ) Tj ET Q q 0 0 0 rg BT 487.94 130.45 Td (to ) Tj ET Q q 0 0 0 rg BT 496.14 130.45 Td (customers; ) Tj ET Q q 0 0 0 rg BT 532.78 130.45 Td (however) Tj ET Q q 0 0 0 rg BT 560.00 130.45 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 120.85 Td (average ) Tj ET Q q 0 0 0 rg BT 94.87 120.85 Td (net ) Tj ET Q q 0 0 0 rg BT 106.64 120.85 Td (selling ) Tj ET Q q 0 0 0 rg BT 129.97 120.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 151.07 120.85 Td (are ) Tj ET Q q 0 0 0 rg BT 162.84 120.85 Td (shown ) Tj ET Q q 0 0 0 rg BT 185.73 120.85 Td (net ) Tj ET Q q 0 0 0 rg BT 197.50 120.85 Td (of ) Tj ET Q q 0 0 0 rg BT 206.17 120.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 235.28 120.85 Td (billed ) Tj ET Q q 0 0 0 rg BT 255.50 120.85 Td (for ) Tj ET Q q 0 0 0 rg BT 266.82 120.85 Td (freight.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (27) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM7. 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Tj ET Q q 0 0 0 rg BT 544.23 556.65 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.65 Td (segments. ) Tj ET Q q 0 0 0 rg BT 92.15 544.65 Td (The ) Tj ET Q q 0 0 0 rg BT 110.31 544.65 Td (results ) Tj ET Q q 0 0 0 rg BT 139.04 544.65 Td (of ) Tj ET Q q 0 0 0 rg BT 149.99 544.65 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 203.71 544.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 247.99 544.65 Td (are ) Tj ET Q q 0 0 0 rg BT 262.82 544.65 Td (excluded ) Tj ET Q q 0 0 0 rg BT 301.53 544.65 Td (from ) Tj ET Q q 0 0 0 rg BT 323.59 544.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 359.53 544.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 399.92 544.65 Td (income ) Tj ET Q q 0 0 0 rg BT 431.97 544.65 Td (and ) Tj ET Q q 0 0 0 rg BT 449.03 544.65 Td (are ) Tj ET Q q 0 0 0 rg BT 463.85 544.65 Td (presented ) Tj ET Q q 0 0 0 rg BT 504.79 544.65 Td (separately) Tj ET Q q 0 0 0 rg BT 544.67 544.65 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 544.65 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.65 Td (of ) Tj ET Q q 0 0 0 rg BT 61.13 532.65 Td (tax, ) Tj ET Q q 0 0 0 rg BT 78.65 532.65 Td (from ) Tj ET Q q 0 0 0 rg BT 100.88 532.65 Td (the ) Tj ET Q q 0 0 0 rg BT 115.90 532.65 Td (results ) Tj ET Q q 0 0 0 rg BT 144.81 532.65 Td (of ) Tj ET Q q 0 0 0 rg BT 155.94 532.65 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 191.51 532.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.97 532.65 Td (for ) Tj ET Q q 0 0 0 rg BT 250.43 532.65 Td (all ) Tj ET Q q 0 0 0 rg BT 263.22 532.65 Td (periods ) Tj ET Q q 0 0 0 rg BT 295.46 532.65 Td (presented. ) Tj ET Q q 0 0 0 rg BT 339.08 532.65 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.31 532.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 378.55 532.65 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.55 532.65 Td ( ) Tj ET Q q 0 0 0 rg BT 391.35 532.65 Td ( ) Tj ET Q q 0 0 0 rg BT 399.15 532.65 Td (Segment ) Tj ET Q q 0 0 0 rg BT 436.94 532.65 Td (Information ) Tj ET Q q 0 0 0 rg BT 487.51 532.65 Td (in ) Tj ET Q q 0 0 0 rg BT 498.08 532.65 Td (the ) Tj ET Q q 0 0 0 rg BT 513.10 532.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 539.23 532.65 Td (to ) Tj ET Q q 0 0 0 rg BT 549.81 532.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.90 520.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 146.24 520.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 193.24 520.65 Td (in ) Tj ET Q q 0 0 0 rg BT 204.15 520.65 Td (Part ) Tj ET Q q 0 0 0 rg BT 223.38 520.65 Td (II, ) Tj ET Q q 0 0 0 rg BT 235.66 520.65 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 264.61 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 276.07 520.65 Td (this ) Tj ET Q q 0 0 0 rg BT 293.64 520.65 Td (report ) Tj ET Q q 0 0 0 rg BT 320.64 520.65 Td (for ) Tj ET Q q 0 0 0 rg BT 335.43 520.65 Td (a ) Tj ET Q q 0 0 0 rg BT 342.99 520.65 Td (discussion ) Tj ET Q q 0 0 0 rg BT 387.79 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 399.24 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 414.58 520.65 Td (primary ) Tj ET Q q 0 0 0 rg BT 449.37 520.65 Td (activities ) Tj ET Q q 0 0 0 rg BT 488.59 520.65 Td (of ) Tj ET Q q 0 0 0 rg BT 500.04 520.65 Td (each ) Tj ET Q q 0 0 0 rg BT 521.48 520.65 Td (reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.65 Td (segment, ) Tj ET Q q 0 0 0 rg BT 88.25 508.65 Td (total ) Tj ET Q q 0 0 0 rg BT 108.44 508.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 134.19 508.65 Td (by ) Tj ET Q q 0 0 0 rg BT 146.61 508.65 Td (reportable ) Tj ET Q q 0 0 0 rg BT 189.57 508.65 Td (segment, ) Tj ET Q q 0 0 0 rg BT 227.81 508.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 268.00 508.65 Td (results ) Tj ET Q q 0 0 0 rg BT 296.53 508.65 Td (from ) Tj ET Q q 0 0 0 rg BT 318.38 508.65 Td (continuing ) Tj ET Q q 0 0 0 rg BT 363.58 508.65 Td (operations, ) Tj ET Q q 0 0 0 rg BT 410.16 508.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 448.11 508.65 Td (from ) Tj ET Q q 0 0 0 rg BT 469.97 508.65 Td (external ) Tj ET Q q 0 0 0 rg BT 504.60 508.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.56 508.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.65 Td (concentration ) Tj ET Q q 0 0 0 rg BT 106.92 496.65 Td (of ) Tj ET Q q 0 0 0 rg BT 117.75 496.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 139.69 496.65 Td (to ) Tj ET Q q 0 0 0 rg BT 149.97 496.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 181.34 496.65 Td (countries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.25 475.65 Td (internal ) Tj ET Q q 0 0 0 rg BT 99.49 475.65 Td (or) Tj ET Q q 0 0 0 rg BT 107.64 475.65 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 158.20 475.65 Td (and ) Tj ET Q q 0 0 0 rg BT 174.34 475.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 212.69 475.65 Td (structure ) Tj ET Q q 0 0 0 rg BT 249.37 475.65 Td (supports ) Tj ET Q q 0 0 0 rg BT 284.96 475.65 Td (two ) Tj ET Q q 0 0 0 rg BT 301.66 475.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 341.12 475.65 Td (and ) Tj ET Q q 0 0 0 rg BT 357.25 475.65 Td (reportable ) Tj ET Q q 0 0 0 rg BT 399.48 475.65 Td (segments: ) Tj ET Q q 0 0 0 rg BT 441.17 475.65 Td (the ) Tj ET Q q 0 0 0 rg BT 454.71 475.65 Td (Auto ) Tj ET Q q 0 0 0 rg BT 476.41 475.65 Td (and ) Tj ET Q q 0 0 0 rg BT 492.54 475.65 Td (Metals ) Tj ET Q q 0 0 0 rg BT 521.46 475.65 Td (Recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.65 Td (\("AMR"\) ) Tj ET Q q 0 0 0 rg BT 90.11 463.65 Td (business ) Tj ET Q q 0 0 0 rg BT 126.50 463.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.44 463.65 Td (the ) Tj ET Q q 0 0 0 rg BT 158.15 463.65 Td (Steel ) Tj ET Q q 0 0 0 rg BT 180.65 463.65 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 242.57 463.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 280.63 463.65 Td (\("SMB"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 74.11 442.65 Td (sells ) Tj ET Q q 0 0 0 rg BT 93.21 442.65 Td (and ) Tj ET Q q 0 0 0 rg BT 108.97 442.65 Td (brokers ) Tj ET Q q 0 0 0 rg BT 140.28 442.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 169.92 442.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 192.34 442.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 215.88 442.65 Td (\(containing ) Tj ET Q q 0 0 0 rg BT 262.74 442.65 Td (iron\) ) Tj ET Q q 0 0 0 rg BT 283.50 442.65 Td (to ) Tj ET Q q 0 0 0 rg BT 292.60 442.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 322.80 442.65 Td (and ) Tj ET Q q 0 0 0 rg BT 338.56 442.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 375.99 442.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 395.64 442.65 Td (producers, ) Tj ET Q q 0 0 0 rg BT 438.89 442.65 Td (including ) Tj ET Q q 0 0 0 rg BT 477.98 442.65 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 502.93 442.65 Td (and ) Tj ET Q q 0 0 0 rg BT 518.69 442.65 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.56 430.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 98.24 430.65 Td (\(not ) Tj ET Q q 0 0 0 rg BT 116.81 430.65 Td (containing ) Tj ET Q q 0 0 0 rg BT 161.49 430.65 Td (iron\) ) Tj ET Q q 0 0 0 rg BT 183.39 430.65 Td (to ) Tj ET Q q 0 0 0 rg BT 193.64 430.65 Td (both ) Tj ET Q q 0 0 0 rg BT 213.88 430.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 245.22 430.65 Td (and ) Tj ET Q q 0 0 0 rg BT 262.13 430.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 300.69 430.65 Td (markets. ) Tj ET Q q 0 0 0 rg BT 336.77 430.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 362.02 430.65 Td (procures ) Tj ET Q q 0 0 0 rg BT 398.91 430.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 422.47 430.65 Td (supply ) Tj ET Q q 0 0 0 rg BT 451.61 430.65 Td (from ) Tj ET Q q 0 0 0 rg BT 473.51 430.65 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 510.96 430.65 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 548.69 430.65 Td (rail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.65 Td (cars, ) Tj ET Q q 0 0 0 rg BT 71.50 418.65 Td (home ) Tj ET Q q 0 0 0 rg BT 96.62 418.65 Td (appliances, ) Tj ET Q q 0 0 0 rg BT 144.23 418.65 Td (industrial ) Tj ET Q q 0 0 0 rg BT 184.91 418.65 Td (machinery) Tj ET Q q 0 0 0 rg BT 226.46 418.65 Td (, ) Tj ET Q q 0 0 0 rg BT 231.87 418.65 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 293.08 418.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 317.08 418.65 Td (and ) Tj ET Q q 0 0 0 rg BT 334.43 418.65 Td (construction ) Tj ET Q q 0 0 0 rg BT 386.76 418.65 Td (and ) Tj ET Q q 0 0 0 rg BT 404.11 418.65 Td (demolition ) Tj ET Q q 0 0 0 rg BT 450.34 418.65 Td (scrap. ) Tj ET Q q 0 0 0 rg BT 476.84 418.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 495.30 418.65 Td (lar) Tj ET Q q 0 0 0 rg BT 505.67 418.65 Td (gest ) Tj ET Q q 0 0 0 rg BT 524.68 418.65 Td (source ) Tj ET Q q 0 0 0 rg BT 553.68 418.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.65 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 95.64 406.65 Td (is ) Tj ET Q q 0 0 0 rg BT 104.62 406.65 Td (our ) Tj ET Q q 0 0 0 rg BT 120.27 406.65 Td (own ) Tj ET Q q 0 0 0 rg BT 139.80 406.65 Td (network ) Tj ET Q q 0 0 0 rg BT 174.88 406.65 Td (of ) Tj ET Q q 0 0 0 rg BT 185.53 406.65 Td (auto ) Tj ET Q q 0 0 0 rg BT 205.06 406.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 226.81 406.65 Td (stores, ) Tj ET Q q 0 0 0 rg BT 254.95 406.65 Td (which ) Tj ET Q q 0 0 0 rg BT 281.70 406.65 Td (operate ) Tj ET Q q 0 0 0 rg BT 313.44 406.65 Td (under ) Tj ET Q q 0 0 0 rg BT 338.52 406.65 Td (the ) Tj ET Q q 0 0 0 rg BT 353.05 406.65 Td (commercial ) Tj ET Q q 0 0 0 rg BT 402.56 406.65 Td (brand-name ) Tj ET Q q 0 0 0 rg BT 452.63 406.65 Td (Pick-n-Pull. ) Tj ET Q q 0 0 0 rg BT 502.49 406.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 527.59 406.65 Td (procures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.65 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 86.86 394.65 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 121.49 394.65 Td (and ) Tj ET Q q 0 0 0 rg BT 137.81 394.65 Td (sells ) Tj ET Q q 0 0 0 rg BT 157.46 394.65 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 204.30 394.65 Td (used ) Tj ET Q q 0 0 0 rg BT 224.50 394.65 Td (auto ) Tj ET Q q 0 0 0 rg BT 243.59 394.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 264.90 394.65 Td (from ) Tj ET Q q 0 0 0 rg BT 286.21 394.65 Td (these ) Tj ET Q q 0 0 0 rg BT 308.63 394.65 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 343.27 394.65 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.25 394.65 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.25 394.65 Td ( ) Tj ET Q q 0 0 0 rg BT 388.12 394.65 Td (self-service ) Tj ET Q q 0 0 0 rg BT 436.08 394.65 Td (auto ) Tj ET Q q 0 0 0 rg BT 455.17 394.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 476.48 394.65 Td (stores. ) Tj ET Q q 0 0 0 rg BT 504.05 394.65 Td (The ) Tj ET Q q 0 0 0 rg BT 521.47 394.65 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.65 Td (portions ) Tj ET Q q 0 0 0 rg BT 85.94 382.65 Td (of ) Tj ET Q q 0 0 0 rg BT 97.44 382.65 Td (the ) Tj ET Q q 0 0 0 rg BT 112.82 382.65 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 151.25 382.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 191.63 382.65 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 238.12 382.65 Td (and ) Tj ET Q q 0 0 0 rg BT 255.72 382.65 Td (major ) Tj ET Q q 0 0 0 rg BT 282.21 382.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 304.82 382.65 Td (containing ) Tj ET Q q 0 0 0 rg BT 350.20 382.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 381.68 382.65 Td (and ) Tj ET Q q 0 0 0 rg BT 399.29 382.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 445.77 382.65 Td (materials, ) Tj ET Q q 0 0 0 rg BT 488.09 382.65 Td (are ) Tj ET Q q 0 0 0 rg BT 503.46 382.65 Td (shipped ) Tj ET Q q 0 0 0 rg BT 537.73 382.65 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 382.65 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 75.07 370.65 Td (recycling ) Tj ET Q q 0 0 0 rg BT 115.13 370.65 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 154.92 370.65 Td (or ) Tj ET Q q 0 0 0 rg BT 166.11 370.65 Td (sold ) Tj ET Q q 0 0 0 rg BT 185.64 370.65 Td (to ) Tj ET Q q 0 0 0 rg BT 196.28 370.65 Td (wholesalers ) Tj ET Q q 0 0 0 rg BT 246.35 370.65 Td (where ) Tj ET Q q 0 0 0 rg BT 273.64 370.65 Td (geographically ) Tj ET Q q 0 0 0 rg BT 335.92 370.65 Td (more ) Tj ET Q q 0 0 0 rg BT 359.33 370.65 Td (economical. ) Tj ET Q q 0 0 0 rg BT 410.14 370.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 435.79 370.65 Td (then ) Tj ET Q q 0 0 0 rg BT 455.86 370.65 Td (processes ) Tj ET Q q 0 0 0 rg BT 497.05 370.65 Td (mixed ) Tj ET Q q 0 0 0 rg BT 524.90 370.65 Td (and ) Tj ET Q q 0 0 0 rg BT 542.20 370.65 Td (lar) Tj ET Q q 0 0 0 rg BT 552.57 370.65 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.65 Td (pieces ) Tj ET Q q 0 0 0 rg BT 77.23 358.65 Td (of ) Tj ET Q q 0 0 0 rg BT 87.81 358.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 111.16 358.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 135.62 358.65 Td (into ) Tj ET Q q 0 0 0 rg BT 153.42 358.65 Td (smaller ) Tj ET Q q 0 0 0 rg BT 185.10 358.65 Td (pieces ) Tj ET Q q 0 0 0 rg BT 212.33 358.65 Td (by ) Tj ET Q q 0 0 0 rg BT 224.58 358.65 Td (crushing, ) Tj ET Q q 0 0 0 rg BT 263.77 358.65 Td (torching, ) Tj ET Q q 0 0 0 rg BT 301.84 358.65 Td (shearing, ) Tj ET Q q 0 0 0 rg BT 340.47 358.65 Td (shredding ) Tj ET Q q 0 0 0 rg BT 382.15 358.65 Td (and ) Tj ET Q q 0 0 0 rg BT 398.84 358.65 Td (sorting, ) Tj ET Q q 0 0 0 rg BT 431.36 358.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 468.61 358.65 Td (in ) Tj ET Q q 0 0 0 rg BT 478.63 358.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 501.98 358.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 526.44 358.65 Td (pieces ) Tj ET Q q 0 0 0 rg BT 553.67 358.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.65 Td (a ) Tj ET Q q 0 0 0 rg BT 56.83 346.65 Td (size, ) Tj ET Q q 0 0 0 rg BT 77.28 346.65 Td (density ) Tj ET Q q 0 0 0 rg BT 108.56 346.65 Td (and ) Tj ET Q q 0 0 0 rg BT 125.39 346.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 150.00 346.65 Td (content ) Tj ET Q q 0 0 0 rg BT 181.83 346.65 Td (required ) Tj ET Q q 0 0 0 rg BT 217.54 346.65 Td (by ) Tj ET Q q 0 0 0 rg BT 229.93 346.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 272.87 346.65 Td (to ) Tj ET Q q 0 0 0 rg BT 283.05 346.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 304.88 346.65 Td (their ) Tj ET Q q 0 0 0 rg BT 325.60 346.65 Td (production ) Tj ET Q q 0 0 0 rg BT 371.32 346.65 Td (needs. ) Tj ET Q q 0 0 0 rg BT 398.98 346.65 Td (Processed ) Tj ET Q q 0 0 0 rg BT 441.36 346.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 477.62 346.65 Td (metals ) Tj ET Q q 0 0 0 rg BT 506.12 346.65 Td (are ) Tj ET Q q 0 0 0 rg BT 520.72 346.65 Td (shipped ) Tj ET Q q 0 0 0 rg BT 554.23 346.65 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.65 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 334.65 Td (own ) Tj ET Q q 0 0 0 rg BT 85.55 334.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 124.16 334.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 144.98 334.65 Td (mill ) Tj ET Q q 0 0 0 rg BT 163.59 334.65 Td (and ) Tj ET Q q 0 0 0 rg BT 180.53 334.65 Td (to ) Tj ET Q q 0 0 0 rg BT 190.81 334.65 Td (other ) Tj ET Q q 0 0 0 rg BT 213.86 334.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 238.57 334.65 Td (producers ) Tj ET Q q 0 0 0 rg BT 280.50 334.65 Td (globally) Tj ET Q q 0 0 0 rg BT 312.62 334.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 72.86 313.65 Td (operates ) Tj ET Q q 0 0 0 rg BT 107.91 313.65 Td (a ) Tj ET Q q 0 0 0 rg BT 114.08 313.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 134.15 313.65 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 173.66 313.65 Td (that ) Tj ET Q q 0 0 0 rg BT 190.39 313.65 Td (produces ) Tj ET Q q 0 0 0 rg BT 228.23 313.65 Td (a ) Tj ET Q q 0 0 0 rg BT 234.40 313.65 Td (wide ) Tj ET Q q 0 0 0 rg BT 255.57 313.65 Td (range ) Tj ET Q q 0 0 0 rg BT 279.52 313.65 Td (of ) Tj ET Q q 0 0 0 rg BT 289.58 313.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 323.54 313.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 343.60 313.65 Td (products. ) Tj ET Q q 0 0 0 rg BT 382.27 313.65 Td (SMB) Tj ET Q q 0 0 0 rg BT 406.17 313.65 Td (s ) Tj ET Q q 0 0 0 rg BT 411.80 313.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 434.63 313.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 458.58 313.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 475.31 313.65 Td (material ) Tj ET Q q 0 0 0 rg BT 509.80 313.65 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.65 Td (are ) Tj ET Q q 0 0 0 rg BT 64.66 301.65 Td (sourced ) Tj ET Q q 0 0 0 rg BT 98.20 301.65 Td (almost ) Tj ET Q q 0 0 0 rg BT 127.32 301.65 Td (entirely ) Tj ET Q q 0 0 0 rg BT 160.31 301.65 Td (through ) Tj ET Q q 0 0 0 rg BT 193.32 301.65 Td (AMR, ) Tj ET Q q 0 0 0 rg BT 221.06 301.65 Td (which ) Tj ET Q q 0 0 0 rg BT 247.94 301.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 271.52 301.65 Td (purchases ) Tj ET Q q 0 0 0 rg BT 313.39 301.65 Td (at ) Tj ET Q q 0 0 0 rg BT 323.06 301.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 344.38 301.65 Td (that ) Tj ET Q q 0 0 0 rg BT 361.83 301.65 Td (approximate ) Tj ET Q q 0 0 0 rg BT 414.26 301.65 Td (market ) Tj ET Q q 0 0 0 rg BT 444.47 301.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 470.79 301.65 Td (for ) Tj ET Q q 0 0 0 rg BT 484.90 301.65 Td (shipments ) Tj ET Q q 0 0 0 rg BT 527.91 301.65 Td (from ) Tj ET Q q 0 0 0 rg BT 549.80 301.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 289.65 Td (est ) Tj ET Q q 0 0 0 rg BT 71.86 289.65 Td (Coast ) Tj ET Q q 0 0 0 rg BT 96.74 289.65 Td (of ) Tj ET Q q 0 0 0 rg BT 107.18 289.65 Td (the ) Tj ET Q q 0 0 0 rg BT 121.51 289.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 141.40 289.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 164.63 289.65 Td (uses ) Tj ET Q q 0 0 0 rg BT 183.96 289.65 Td (its ) Tj ET Q q 0 0 0 rg BT 195.52 289.65 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 235.41 289.65 Td (in ) Tj ET Q q 0 0 0 rg BT 245.30 289.65 Td (McMinnville, ) Tj ET Q q 0 0 0 rg BT 302.68 289.65 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 334.78 289.65 Td (to ) Tj ET Q q 0 0 0 rg BT 344.67 289.65 Td (melt ) Tj ET Q q 0 0 0 rg BT 364.55 289.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 400.52 289.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 424.84 289.65 Td (and ) Tj ET Q q 0 0 0 rg BT 441.39 289.65 Td (other ) Tj ET Q q 0 0 0 rg BT 464.05 289.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 481.15 289.65 Td (materials ) Tj ET Q q 0 0 0 rg BT 519.91 289.65 Td (to ) Tj ET Q q 0 0 0 rg BT 529.79 289.65 Td (produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 84.72 277.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 105.54 277.65 Td (products. ) Tj ET Q q 0 0 0 rg BT 144.98 277.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 168.60 277.65 Td (also ) Tj ET Q q 0 0 0 rg BT 187.21 277.65 Td (maintains ) Tj ET Q q 0 0 0 rg BT 228.59 277.65 Td (a ) Tj ET Q q 0 0 0 rg BT 235.53 277.65 Td (mill ) Tj ET Q q 0 0 0 rg BT 254.15 277.65 Td (depot ) Tj ET Q q 0 0 0 rg BT 278.86 277.65 Td (in ) Tj ET Q q 0 0 0 rg BT 289.14 277.65 Td (Southern ) Tj ET Q q 0 0 0 rg BT 327.75 277.65 Td (California.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.18 256.65 Td (results ) Tj ET Q q 0 0 0 rg BT 96.91 256.65 Td (of ) Tj ET Q q 0 0 0 rg BT 107.87 256.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 152.15 256.65 Td (depend ) Tj ET Q q 0 0 0 rg BT 183.65 256.65 Td (in ) Tj ET Q q 0 0 0 rg BT 194.06 256.65 Td (lar) Tj ET Q q 0 0 0 rg BT 204.42 256.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 216.49 256.65 Td (part ) Tj ET Q q 0 0 0 rg BT 234.66 256.65 Td (on ) Tj ET Q q 0 0 0 rg BT 247.29 256.65 Td (the ) Tj ET Q q 0 0 0 rg BT 262.13 256.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 296.41 256.65 Td (and ) Tj ET Q q 0 0 0 rg BT 313.47 256.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 339.98 256.65 Td (for ) Tj ET Q q 0 0 0 rg BT 354.26 256.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 390.75 256.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 415.59 256.65 Td (in ) Tj ET Q q 0 0 0 rg BT 425.99 256.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 457.50 256.65 Td (and ) Tj ET Q q 0 0 0 rg BT 474.56 256.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 513.29 256.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 547.57 256.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.65 Td (on ) Tj ET Q q 0 0 0 rg BT 63.26 244.65 Td (the ) Tj ET Q q 0 0 0 rg BT 78.73 244.65 Td (supply ) Tj ET Q q 0 0 0 rg BT 108.66 244.65 Td (of ) Tj ET Q q 0 0 0 rg BT 120.25 244.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 138.50 244.65 Td (materials, ) Tj ET Q q 0 0 0 rg BT 180.91 244.65 Td (including ) Tj ET Q q 0 0 0 rg BT 221.94 244.65 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 267.95 244.65 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 306.47 244.65 Td (available ) Tj ET Q q 0 0 0 rg BT 345.82 244.65 Td (to ) Tj ET Q q 0 0 0 rg BT 356.86 244.65 Td (be ) Tj ET Q q 0 0 0 rg BT 369.55 244.65 Td (processed ) Tj ET Q q 0 0 0 rg BT 412.24 244.65 Td (at ) Tj ET Q q 0 0 0 rg BT 422.72 244.65 Td (our ) Tj ET Q q 0 0 0 rg BT 439.30 244.65 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 479.49 244.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 498.30 244.65 Td (deep ) Tj ET Q q 0 0 0 rg BT 520.44 244.65 Td (water ) Tj ET Q q 0 0 0 rg BT 545.90 244.65 Td (port ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.53 232.65 Td (on ) Tj ET Q q 0 0 0 rg BT 98.63 232.65 Td (both ) Tj ET Q q 0 0 0 rg BT 118.51 232.65 Td (the ) Tj ET Q q 0 0 0 rg BT 132.82 232.65 Td (East ) Tj ET Q q 0 0 0 rg BT 152.14 232.65 Td (and ) Tj ET Q q 0 0 0 rg BT 168.52 232.65 Td (W) Tj ET Q q 0 0 0 rg BT 177.16 232.65 Td (est ) Tj ET Q q 0 0 0 rg BT 190.37 232.65 Td (Coasts ) Tj ET Q q 0 0 0 rg BT 219.14 232.65 Td (of ) Tj ET Q q 0 0 0 rg BT 229.57 232.65 Td (the ) Tj ET Q q 0 0 0 rg BT 243.89 232.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 263.77 232.65 Td (\(in ) Tj ET Q q 0 0 0 rg BT 276.98 232.65 Td (Everett, ) Tj ET Q q 0 0 0 rg BT 310.45 232.65 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 373.10 232.65 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 422.68 232.65 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 450.89 232.65 Td (Island; ) Tj ET Q q 0 0 0 rg BT 480.20 232.65 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 518.68 232.65 Td (California; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.65 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 88.09 220.65 Td (Oregon; ) Tj ET Q q 0 0 0 rg BT 122.55 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 138.57 220.65 Td (T) Tj ET Q q 0 0 0 rg BT 143.98 220.65 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 174.15 220.65 Td (W) Tj ET Q q 0 0 0 rg BT 182.79 220.65 Td (ashington\) ) Tj ET Q q 0 0 0 rg BT 226.70 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 242.84 220.65 Td (access ) Tj ET Q q 0 0 0 rg BT 270.08 220.65 Td (to ) Tj ET Q q 0 0 0 rg BT 279.55 220.65 Td (public ) Tj ET Q q 0 0 0 rg BT 306.25 220.65 Td (deep ) Tj ET Q q 0 0 0 rg BT 326.83 220.65 Td (water ) Tj ET Q q 0 0 0 rg BT 350.73 220.65 Td (port ) Tj ET Q q 0 0 0 rg BT 368.54 220.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 404.67 220.65 Td (\(in ) Tj ET Q q 0 0 0 rg BT 417.47 220.65 Td (Kapolei, ) Tj ET Q q 0 0 0 rg BT 453.33 220.65 Td (Hawaii; ) Tj ET Q q 0 0 0 rg BT 486.68 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 502.82 220.65 Td (Salinas, ) Tj ET Q q 0 0 0 rg BT 535.91 220.65 Td (Puerto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.65 Td (Rico\) ) Tj ET Q q 0 0 0 rg BT 74.84 208.65 Td (allow ) Tj ET Q q 0 0 0 rg BT 99.67 208.65 Td (us ) Tj ET Q q 0 0 0 rg BT 111.18 208.65 Td (to ) Tj ET Q q 0 0 0 rg BT 121.58 208.65 Td (ef) Tj ET Q q 0 0 0 rg BT 129.17 208.65 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 165.10 208.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 187.16 208.65 Td (the ) Tj ET Q q 0 0 0 rg BT 201.99 208.65 Td (global ) Tj ET Q q 0 0 0 rg BT 229.61 208.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 263.88 208.65 Td (for ) Tj ET Q q 0 0 0 rg BT 278.16 208.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 314.64 208.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 345.58 208.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 370.41 208.65 Td (by ) Tj ET Q q 0 0 0 rg BT 383.03 208.65 Td (shipping ) Tj ET Q q 0 0 0 rg BT 420.10 208.65 Td (bulk ) Tj ET Q q 0 0 0 rg BT 440.49 208.65 Td (car) Tj ET Q q 0 0 0 rg BT 452.52 208.65 Td (goes ) Tj ET Q q 0 0 0 rg BT 473.47 208.65 Td (to ) Tj ET Q q 0 0 0 rg BT 483.86 208.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 504.81 208.65 Td (manufacturers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.65 Td (located ) Tj ET Q q 0 0 0 rg BT 80.90 196.65 Td (in ) Tj ET Q q 0 0 0 rg BT 90.71 196.65 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 123.66 196.65 Td (Africa, ) Tj ET Q q 0 0 0 rg BT 153.73 196.65 Td (the ) Tj ET Q q 0 0 0 rg BT 167.97 196.65 Td (Middle ) Tj ET Q q 0 0 0 rg BT 198.89 196.65 Td (East, ) Tj ET Q q 0 0 0 rg BT 220.18 196.65 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 243.04 196.65 Td (and ) Tj ET Q q 0 0 0 rg BT 259.51 196.65 Td (North, ) Tj ET Q q 0 0 0 rg BT 287.37 196.65 Td (Central ) Tj ET Q q 0 0 0 rg BT 318.83 196.65 Td (and ) Tj ET Q q 0 0 0 rg BT 335.29 196.65 Td (South ) Tj ET Q q 0 0 0 rg BT 360.21 196.65 Td (America. ) Tj ET Q q 0 0 0 rg BT 399.17 196.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 416.75 196.65 Td (exports ) Tj ET Q q 0 0 0 rg BT 448.21 196.65 Td (of ) Tj ET Q q 0 0 0 rg BT 458.57 196.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 503.92 196.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 539.81 196.65 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.65 Td (are ) Tj ET Q q 0 0 0 rg BT 63.57 184.65 Td (shipped ) Tj ET Q q 0 0 0 rg BT 96.05 184.65 Td (in ) Tj ET Q q 0 0 0 rg BT 105.20 184.65 Td (containers ) Tj ET Q q 0 0 0 rg BT 147.66 184.65 Td (through ) Tj ET Q q 0 0 0 rg BT 180.13 184.65 Td (various ) Tj ET Q q 0 0 0 rg BT 210.94 184.65 Td (public ) Tj ET Q q 0 0 0 rg BT 237.30 184.65 Td (docks ) Tj ET Q q 0 0 0 rg BT 262.00 184.65 Td (to ) Tj ET Q q 0 0 0 rg BT 271.14 184.65 Td (specialty ) Tj ET Q q 0 0 0 rg BT 308.05 184.65 Td (steelmakers, ) Tj ET Q q 0 0 0 rg BT 359.12 184.65 Td (foundries, ) Tj ET Q q 0 0 0 rg BT 400.76 184.65 Td (aluminum ) Tj ET Q q 0 0 0 rg BT 442.68 184.65 Td (sheet ) Tj ET Q q 0 0 0 rg BT 464.59 184.65 Td (and ) Tj ET Q q 0 0 0 rg BT 480.40 184.65 Td (ingot ) Tj ET Q q 0 0 0 rg BT 502.32 184.65 Td (manufacturers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.65 Td (copper ) Tj ET Q q 0 0 0 rg BT 80.18 172.65 Td (refineries ) Tj ET Q q 0 0 0 rg BT 120.91 172.65 Td (and ) Tj ET Q q 0 0 0 rg BT 138.32 172.65 Td (smelters, ) Tj ET Q q 0 0 0 rg BT 177.12 172.65 Td (brass ) Tj ET Q q 0 0 0 rg BT 200.64 172.65 Td (and ) Tj ET Q q 0 0 0 rg BT 218.05 172.65 Td (bronze ) Tj ET Q q 0 0 0 rg BT 248.23 172.65 Td (ingot ) Tj ET Q q 0 0 0 rg BT 271.76 172.65 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 331.92 172.65 Td (and ) Tj ET Q q 0 0 0 rg BT 349.34 172.65 Td (wire ) Tj ET Q q 0 0 0 rg BT 370.08 172.65 Td (and ) Tj ET Q q 0 0 0 rg BT 387.49 172.65 Td (cable ) Tj ET Q q 0 0 0 rg BT 411.55 172.65 Td (producers ) Tj ET Q q 0 0 0 rg BT 453.96 172.65 Td (globally) Tj ET Q q 0 0 0 rg BT 486.08 172.65 Td (. ) Tj ET Q q 0 0 0 rg BT 491.34 172.65 Td (W) Tj ET Q q 0 0 0 rg BT 499.98 172.65 Td (e ) Tj ET Q q 0 0 0 rg BT 507.39 172.65 Td (also ) Tj ET Q q 0 0 0 rg BT 526.47 172.65 Td (transport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.65 Td (both ) Tj ET Q q 0 0 0 rg BT 71.22 160.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 102.98 160.65 Td (and ) Tj ET Q q 0 0 0 rg BT 120.85 160.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 167.61 160.65 Td (metals ) Tj ET Q q 0 0 0 rg BT 197.16 160.65 Td (by ) Tj ET Q q 0 0 0 rg BT 210.59 160.65 Td (truck, ) Tj ET Q q 0 0 0 rg BT 237.08 160.65 Td (rail ) Tj ET Q q 0 0 0 rg BT 253.84 160.65 Td (and ) Tj ET Q q 0 0 0 rg BT 271.72 160.65 Td (bar) Tj ET Q q 0 0 0 rg BT 284.31 160.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 297.19 160.65 Td (in ) Tj ET Q q 0 0 0 rg BT 308.40 160.65 Td (order ) Tj ET Q q 0 0 0 rg BT 332.94 160.65 Td (to ) Tj ET Q q 0 0 0 rg BT 344.16 160.65 Td (transfer ) Tj ET Q q 0 0 0 rg BT 378.14 160.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 402.67 160.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 428.32 160.65 Td (between ) Tj ET Q q 0 0 0 rg BT 465.08 160.65 Td (our ) Tj ET Q q 0 0 0 rg BT 481.85 160.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 519.72 160.65 Td (for ) Tj ET Q q 0 0 0 rg BT 534.81 160.65 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.65 Td (processing, ) Tj ET Q q 0 0 0 rg BT 97.77 148.65 Td (to ) Tj ET Q q 0 0 0 rg BT 108.05 148.65 Td (load ) Tj ET Q q 0 0 0 rg BT 127.76 148.65 Td (shipments ) Tj ET Q q 0 0 0 rg BT 170.82 148.65 Td (at ) Tj ET Q q 0 0 0 rg BT 180.54 148.65 Td (our ) Tj ET Q q 0 0 0 rg BT 196.37 148.65 Td (export ) Tj ET Q q 0 0 0 rg BT 224.41 148.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 261.34 148.65 Td (and ) Tj ET Q q 0 0 0 rg BT 278.28 148.65 Td (to ) Tj ET Q q 0 0 0 rg BT 288.56 148.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 310.49 148.65 Td (regional ) Tj ET Q q 0 0 0 rg BT 345.76 148.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 384.36 148.65 Td (demand.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (28) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 71.54 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.85 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.60 742.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 120.58 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 150.43 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.29 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 183.48 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 207.52 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.39 742.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 254.46 742.10 Td (or) Tj ET Q q 0 0 0 rg BT 262.61 742.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 313.02 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.99 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 367.18 742.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 403.70 742.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 444.68 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 466.20 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 505.50 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.47 742.10 Td (reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (segments: ) Tj ET Q q 0 0 0 rg BT 93.01 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.23 730.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 138.46 730.10 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 182.01 730.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 220.58 730.10 Td (\("MRB"\), ) Tj ET Q q 0 0 0 rg BT 263.15 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.71 730.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 300.72 730.10 Td (Parts ) Tj ET Q q 0 0 0 rg BT 323.73 730.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 362.30 730.10 Td (\("APB"\) ) Tj ET Q q 0 0 0 rg BT 399.59 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.04 730.10 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 443.67 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 455.01 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.24 730.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 497.69 730.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.02 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.36 730.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 75.25 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.67 718.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 131.86 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 718.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 191.78 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.87 718.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 227.84 718.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 250.03 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.22 718.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 296.08 718.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 336.04 718.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 381.01 718.10 Td (into ) Tj ET Q q 0 0 0 rg BT 399.32 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.51 718.10 Td (single ) Tj ET Q q 0 0 0 rg BT 433.15 718.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 473.67 718.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 513.16 718.10 Td (This ) Tj ET Q q 0 0 0 rg BT 533.69 718.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.49 706.10 Td (or) Tj ET Q q 0 0 0 rg BT 67.64 706.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 118.23 706.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 154.93 706.10 Td (further ) Tj ET Q q 0 0 0 rg BT 183.85 706.10 Td (optimized ) Tj ET Q q 0 0 0 rg BT 225.56 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.49 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 247.08 706.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 287.11 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.60 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 311.65 706.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 351.13 706.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 389.78 706.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 425.93 706.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 467.63 706.10 Td (syner) Tj ET Q q 0 0 0 rg BT 489.11 706.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 506.94 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.43 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.59 706.10 Td (captured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 96.27 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.99 694.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 141.05 694.10 Td (chain ) Tj ET Q q 0 0 0 rg BT 165.09 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.92 694.10 Td (global ) Tj ET Q q 0 0 0 rg BT 209.30 694.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 231.13 694.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 268.50 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.33 694.10 Td (more ) Tj ET Q q 0 0 0 rg BT 308.26 694.10 Td (ef) Tj ET Q q 0 0 0 rg BT 315.85 694.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 353.22 694.10 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 397.81 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.53 694.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 442.01 694.10 Td (services ) Tj ET Q q 0 0 0 rg BT 476.61 694.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 515.76 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 533.69 694.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.19 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.94 682.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 108.89 682.10 Td (or) Tj ET Q q 0 0 0 rg BT 117.04 682.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 168.32 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.17 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 224.24 682.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 261.64 682.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 295.71 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.90 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.53 682.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 362.38 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.12 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.98 682.10 Td (new ) Tj ET Q q 0 0 0 rg BT 399.05 682.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 439.23 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.08 682.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 499.02 682.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 536.73 682.10 Td (AMR, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (replacing ) Tj ET Q q 0 0 0 rg BT 89.79 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.59 670.10 Td (former ) Tj ET Q q 0 0 0 rg BT 134.39 670.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 159.21 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.66 670.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 197.71 670.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 238.06 670.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 280.17 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 288.81 670.10 Td (e ) Tj ET Q q 0 0 0 rg BT 295.84 670.10 Td (began ) Tj ET Q q 0 0 0 rg BT 322.30 670.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 361.55 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.13 670.10 Td (this ) Tj ET Q q 0 0 0 rg BT 391.17 670.10 Td (new ) Tj ET Q q 0 0 0 rg BT 410.42 670.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 446.33 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.70 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.50 670.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 498.53 670.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.43 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.35 670.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.50 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 83.34 658.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 120.82 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.10 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.38 658.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 178.32 658.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 208.05 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.55 658.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 244.73 658.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 267.78 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.95 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.67 658.10 Td (year ) Tj ET Q q 0 0 0 rg BT 316.38 658.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 342.21 658.10 Td (August ) Tj ET Q q 0 0 0 rg BT 373.61 658.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 388.61 658.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 413.44 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.49 658.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 467.32 658.10 Td (data ) Tj ET Q q 0 0 0 rg BT 486.48 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.64 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.36 658.10 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 82.34 646.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 123.56 646.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 145.91 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.59 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.71 646.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 207.94 646.10 Td (change ) Tj ET Q q 0 0 0 rg BT 239.16 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 255.39 646.10 Td (been ) Tj ET Q q 0 0 0 rg BT 277.17 646.10 Td (recast ) Tj ET Q q 0 0 0 rg BT 303.39 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.08 646.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 350.86 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.54 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.66 646.10 Td (current ) Tj ET Q q 0 0 0 rg BT 407.88 646.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 459.66 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.22 646.10 Td (all ) Tj ET Q q 0 0 0 rg BT 487.12 646.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 526.12 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.72 646.10 Td (AMR. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Recasting ) Tj ET Q q 0 0 0 rg BT 91.21 634.10 Td (this ) Tj ET Q q 0 0 0 rg BT 107.43 634.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 146.42 634.10 Td (information ) Tj ET Q q 0 0 0 rg BT 195.41 634.10 Td (did ) Tj ET Q q 0 0 0 rg BT 209.96 634.10 Td (not ) Tj ET Q q 0 0 0 rg BT 224.51 634.10 Td (have ) Tj ET Q q 0 0 0 rg BT 245.16 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 256.38 634.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 285.36 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.14 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.13 634.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 363.45 634.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.20 634.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 452.50 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.60 634.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 478.83 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 492.27 634.10 Td (any ) Tj ET Q q 0 0 0 rg BT 508.48 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.59 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.58 634.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (presented. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 89.17 601.10 Td (Priorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.37 583.10 Td (we ) Tj ET Q q 0 0 0 rg BT 77.29 583.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 113.99 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.03 583.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 154.61 583.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 188.54 583.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 229.67 583.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 276.10 583.10 Td (we ) Tj ET Q q 0 0 0 rg BT 290.02 583.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 320.04 583.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 353.40 583.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.66 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.14 583.10 Td (following ) Tj ET Q q 0 0 0 rg BT 421.29 583.10 Td (core ) Tj ET Q q 0 0 0 rg BT 440.76 583.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 480.78 583.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.82 583.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 512.51 583.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.11 583.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (objectives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 550.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 139.45 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.68 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.91 550.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 189.57 550.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 210.35 550.10 Td (water ) Tj ET Q q 0 0 0 rg BT 234.46 550.10 Td (ports ) Tj ET Q q 0 0 0 rg BT 256.35 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.69 550.10 Td (ground-based ) Tj ET Q q 0 0 0 rg BT 329.02 550.10 Td (logistics ) Tj ET Q q 0 0 0 rg BT 364.25 550.10 Td (network ) Tj ET Q q 0 0 0 rg BT 398.92 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.59 550.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 441.04 550.10 Td (access ) Tj ET Q q 0 0 0 rg BT 468.47 550.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 510.92 550.10 Td (domestically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.94 538.10 Td (internationally ) Tj ET Q q 0 0 0 rg BT 199.75 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.03 538.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 231.97 538.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 266.12 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 280.28 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.11 538.10 Td (products ) Tj ET Q q 0 0 0 rg BT 333.05 538.10 Td (wherever ) Tj ET Q q 0 0 0 rg BT 372.75 538.10 Td (it ) Tj ET Q q 0 0 0 rg BT 380.80 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.97 538.10 Td (greatest; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 517.10 Td (Further ) Tj ET Q q 0 0 0 rg BT 156.30 517.10 Td (optimization ) Tj ET Q q 0 0 0 rg BT 211.71 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.90 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.09 517.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 287.94 517.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 330.56 517.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 369.86 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.50 517.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 426.79 517.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 484.42 517.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.94 517.10 Td (syner) Tj ET Q q 0 0 0 rg BT 522.42 517.10 Td (gies, ) Tj ET Q q 0 0 0 rg BT 545.89 517.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 505.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.59 505.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 170.40 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.34 505.10 Td (volumes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 484.10 Td (Continuous ) Tj ET Q q 0 0 0 rg BT 174.65 484.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 234.51 484.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 280.48 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.79 484.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 334.08 484.10 Td (production ) Tj ET Q q 0 0 0 rg BT 383.94 484.10 Td (ef) Tj ET Q q 0 0 0 rg BT 391.53 484.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 423.08 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.12 484.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 471.98 484.10 Td (productivity) Tj ET Q q 0 0 0 rg BT 520.21 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 529.24 484.10 Td (enhance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 472.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.59 472.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 176.51 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.79 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.62 472.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 252.32 472.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 290.92 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.85 472.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 337.00 472.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 377.26 472.10 Td (expense;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 451.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 451.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.41 451.10 Td (echnology ) Tj ET Q q 0 0 0 rg BT 171.01 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.40 451.10 Td (process ) Tj ET Q q 0 0 0 rg BT 219.34 451.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 274.60 451.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 324.32 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.05 451.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 368.75 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.92 451.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 425.96 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.34 451.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 479.26 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.54 451.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 525.35 451.10 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 439.10 Td (from ) Tj ET Q q 0 0 0 rg BT 143.94 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.77 439.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 201.71 439.10 Td (process ) Tj ET Q q 0 0 0 rg BT 234.20 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.14 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.41 439.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 297.78 439.10 Td (more ) Tj ET Q q 0 0 0 rg BT 320.82 439.10 Td (value-added ) Tj ET Q q 0 0 0 rg BT 372.19 439.10 Td (products; ) Tj ET Q q 0 0 0 rg BT 411.90 439.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 418.10 Td (Increase ) Tj ET Q q 0 0 0 rg BT 157.22 418.10 Td (market ) Tj ET Q q 0 0 0 rg BT 186.90 418.10 Td (share ) Tj ET Q q 0 0 0 rg BT 209.91 418.10 Td (through ) Tj ET Q q 0 0 0 rg BT 242.93 418.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 284.28 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.97 418.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 335.31 418.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 371.11 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.46 418.10 Td (through ) Tj ET Q q 0 0 0 rg BT 420.49 418.10 Td (selective ) Tj ET Q q 0 0 0 rg BT 457.38 418.10 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 510.67 418.10 Td (alliances ) Tj ET Q q 0 0 0 rg BT 547.56 418.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 406.10 Td (acquisitions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.05 385.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 87.76 385.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 109.70 385.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 135.53 385.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.23 385.10 Td (key ) Tj ET Q q 0 0 0 rg BT 167.17 385.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 205.77 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.05 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.88 385.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 256.59 385.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 296.29 385.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 335.71 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.65 385.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.81 385.10 Td (opportunistically ) Tj ET Q q 0 0 0 rg BT 437.07 385.10 Td (look ) Tj ET Q q 0 0 0 rg BT 457.35 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.62 385.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 502.88 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.59 385.10 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 91.69 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.27 373.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 146.17 373.10 Td (among ) Tj ET Q q 0 0 0 rg BT 175.63 373.10 Td (those ) Tj ET Q q 0 0 0 rg BT 198.98 373.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 237.66 373.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 262.69 373.10 Td (has ) Tj ET Q q 0 0 0 rg BT 278.27 373.10 Td (an ) Tj ET Q q 0 0 0 rg BT 289.95 373.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 332.18 373.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 369.40 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.43 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.89 373.10 Td (Northwestern ) Tj ET Q q 0 0 0 rg BT 450.56 373.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 473.09 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.12 373.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 521.46 373.10 Td (California ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.50 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 78.35 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.63 361.10 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 148.34 361.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 171.69 361.10 Td (near ) Tj ET Q q 0 0 0 rg BT 191.29 361.10 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 222.83 361.10 Td (export ) Tj ET Q q 0 0 0 rg BT 251.45 361.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 288.94 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.57 361.10 Td (T) Tj ET Q q 0 0 0 rg BT 304.98 361.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 336.41 361.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.05 361.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 389.50 361.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 428.96 361.10 Td (Oregon, ) Tj ET Q q 0 0 0 rg BT 464.51 361.10 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 503.96 361.10 Td (California ) Tj ET Q q 0 0 0 rg BT 547.57 361.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Everett, ) Tj ET Q q 0 0 0 rg BT 83.87 349.10 Td (Massachusetts, ) Tj ET Q q 0 0 0 rg BT 146.64 349.10 Td (which ) Tj ET Q q 0 0 0 rg BT 173.58 349.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 203.84 349.10 Td (from ) Tj ET Q q 0 0 0 rg BT 225.78 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.50 349.10 Td (syner) Tj ET Q q 0 0 0 rg BT 261.98 349.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 280.59 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.42 349.10 Td (this ) Tj ET Q q 0 0 0 rg BT 308.36 349.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 348.62 349.10 Td (access ) Tj ET Q q 0 0 0 rg BT 376.66 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.93 349.10 Td (supply) Tj ET Q q 0 0 0 rg BT 412.95 349.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.25 328.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.83 328.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 111.25 328.10 Td (we ) Tj ET Q q 0 0 0 rg BT 125.83 328.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 161.51 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.87 328.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 234.00 328.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 288.01 328.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 330.37 328.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 373.85 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.10 328.10 Td (idling ) Tj ET Q q 0 0 0 rg BT 411.35 328.10 Td (underutilized ) Tj ET Q q 0 0 0 rg BT 467.03 328.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 496.05 328.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 536.18 328.10 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.66 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.98 316.10 Td (shredder ) Tj ET Q q 0 0 0 rg BT 135.29 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.96 316.10 Td (Johnston, ) Tj ET Q q 0 0 0 rg BT 186.90 316.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 215.90 316.10 Td (Island ) Tj ET Q q 0 0 0 rg BT 243.22 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.54 316.10 Td (another ) Tj ET Q q 0 0 0 rg BT 293.41 316.10 Td (shredder ) Tj ET Q q 0 0 0 rg BT 330.73 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.39 316.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 367.40 316.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.79 316.10 Td (British ) Tj ET Q q 0 0 0 rg BT 402.90 316.10 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 447.73 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.05 316.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 496.82 316.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 522.47 316.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.58 316.10 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 76.56 304.10 Td (at ) Tj ET Q q 0 0 0 rg BT 86.29 304.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 112.30 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.31 304.10 Td (more ) Tj ET Q q 0 0 0 rg BT 147.09 304.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 178.64 304.10 Td (align ) Tj ET Q q 0 0 0 rg BT 201.87 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.42 304.10 Td (business ) Tj ET Q q 0 0 0 rg BT 255.55 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.55 304.10 Td (market ) Tj ET Q q 0 0 0 rg BT 297.55 304.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 344.23 304.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 390.23 304.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 409.57 304.10 Td (saving ) Tj ET Q q 0 0 0 rg BT 438.90 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.57 304.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 508.68 304.10 Td (improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 94.47 292.10 Td (including ) Tj ET Q q 0 0 0 rg BT 134.78 292.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 177.31 292.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 221.50 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.81 292.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 275.73 292.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 308.26 292.10 Td (from ) Tj ET Q q 0 0 0 rg BT 330.24 292.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 383.30 292.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 424.44 292.10 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 476.96 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.83 292.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 547.57 292.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 95.18 280.10 Td (services ) Tj ET Q q 0 0 0 rg BT 129.79 280.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 171.91 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.75 280.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 238.93 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.11 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.84 280.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 305.00 280.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 340.72 280.10 Td (through ) Tj ET Q q 0 0 0 rg BT 374.23 280.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 416.62 280.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 447.34 280.10 Td (closures, ) Tj ET Q q 0 0 0 rg BT 485.01 280.10 Td (were ) Tj ET Q q 0 0 0 rg BT 506.85 280.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 547.57 280.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 85.11 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.23 268.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 119.23 268.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 144.07 268.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 176.97 268.10 Td (closures ) Tj ET Q q 0 0 0 rg BT 212.08 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.20 268.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 246.20 268.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 268.54 268.10 Td (included ) Tj ET Q q 0 0 0 rg BT 305.32 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.10 268.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 353.88 268.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 384.54 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.66 268.10 Td (Concord, ) Tj ET Q q 0 0 0 rg BT 433.95 268.10 Td (New ) Tj ET Q q 0 0 0 rg BT 455.17 268.10 Td (Hampshire. ) Tj ET Q q 0 0 0 rg BT 503.89 268.10 Td (Six ) Tj ET Q q 0 0 0 rg BT 519.57 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.25 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.80 268.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 71.03 256.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 95.95 256.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 123.08 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.45 256.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 155.69 256.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 177.28 256.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 214.41 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.66 256.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 280.35 256.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.59 256.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 361.84 256.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 403.42 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.79 256.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 436.03 256.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 460.12 256.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 256.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 497.17 256.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.17 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.76 256.10 Td (- ) Tj ET Q q 0 0 0 rg BT 508.68 256.10 Td (Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 97.09 244.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.75 244.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 137.40 244.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.40 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.62 244.10 Td (- ) Tj ET Q q 0 0 0 rg BT 157.17 244.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 214.82 244.10 Td (Char) Tj ET Q q 0 0 0 rg BT 234.08 244.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 250.62 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.28 244.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 294.26 244.10 Td (Exit-Related ) Tj ET Q q 0 0 0 rg BT 347.31 244.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 389.41 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.40 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.83 244.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 442.38 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.38 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.81 244.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 524.80 244.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 96.38 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 232.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 125.27 232.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 136.93 232.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 165.25 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.08 232.10 Td (this ) Tj ET Q q 0 0 0 rg BT 193.03 232.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (Key economic factors and trends af) Tj ET Q q 0 0 0 rg BT 195.08 211.10 Td (fecting the industries in which we operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 193.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.94 193.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 82.69 193.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 119.42 193.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 148.39 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.03 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.12 193.10 Td (global ) Tj ET Q q 0 0 0 rg BT 201.98 193.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 223.17 193.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 258.81 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 273.33 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.42 193.10 Td (production ) Tj ET Q q 0 0 0 rg BT 334.61 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.80 193.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 380.88 193.10 Td (steel. ) Tj ET Q q 0 0 0 rg BT 404.58 193.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 422.99 193.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.84 193.10 Td (results ) Tj ET Q q 0 0 0 rg BT 489.81 193.10 Td (lar) Tj ET Q q 0 0 0 rg BT 500.18 193.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 520.26 193.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 552.00 193.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 79.15 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.96 181.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 107.42 181.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 146.55 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.81 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.50 181.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 191.77 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.50 181.10 Td (W) Tj ET Q q 0 0 0 rg BT 217.14 181.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 243.50 181.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 275.96 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.88 181.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 327.01 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.15 181.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 377.49 181.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 402.18 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.43 181.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 443.79 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.70 181.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 499.29 181.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 533.42 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.34 181.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 85.44 169.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 106.99 169.10 Td (products ) Tj ET Q q 0 0 0 rg BT 144.65 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.65 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.85 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 179.49 169.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 206.59 169.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 227.59 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.02 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.66 169.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 280.76 169.10 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 316.46 169.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 346.90 169.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 389.00 169.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 436.38 169.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 471.81 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.81 169.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 512.70 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.36 169.10 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 93.95 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.67 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.18 157.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 159.68 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.29 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.79 157.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 204.86 157.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 230.47 157.10 Td (af) Tj ET Q q 0 0 0 rg BT 238.06 157.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.33 157.10 Td (market ) Tj ET Q q 0 0 0 rg BT 285.38 157.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 311.54 157.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.49 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.21 157.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 363.94 157.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 400.11 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.72 157.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 446.87 157.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 477.48 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.20 157.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 539.80 157.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.31 145.10 Td (global ) Tj ET Q q 0 0 0 rg BT 87.85 145.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 122.04 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.01 145.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 159.88 145.10 Td (products ) Tj ET Q q 0 0 0 rg BT 196.85 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.17 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.74 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 230.37 145.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 256.79 145.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 277.11 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.90 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.54 145.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 328.95 145.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 361.47 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.45 145.10 Td (can ) Tj ET Q q 0 0 0 rg BT 394.86 145.10 Td (have ) Tj ET Q q 0 0 0 rg BT 416.27 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.25 145.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 468.00 145.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 497.75 145.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.28 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.04 145.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.68 145.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.49 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.98 133.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.15 133.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 164.51 133.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 205.93 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 214.57 133.10 Td (eak ) Tj ET Q q 0 0 0 rg BT 230.28 133.10 Td (global ) Tj ET Q q 0 0 0 rg BT 257.11 133.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 290.60 133.10 Td (fueled ) Tj ET Q q 0 0 0 rg BT 317.41 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 329.25 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.30 133.10 Td (overproduction ) Tj ET Q q 0 0 0 rg BT 406.23 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.39 133.10 Td (low-priced ) Tj ET Q q 0 0 0 rg BT 461.54 133.10 Td (billets ) Tj ET Q q 0 0 0 rg BT 487.81 133.10 Td (using ) Tj ET Q q 0 0 0 rg BT 511.32 133.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 532.04 133.10 Td (furnace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 97.49 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.98 121.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 134.14 121.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 149.96 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 161.35 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.62 121.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 211.32 121.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 229.37 121.10 Td (material, ) Tj ET Q q 0 0 0 rg BT 267.68 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.95 121.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 314.33 121.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 362.37 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.75 121.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 397.91 121.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 423.17 121.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 441.21 121.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 483.42 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.91 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.18 121.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 544.23 121.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 75.83 109.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 118.87 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.15 109.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 154.41 109.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 176.35 109.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 212.74 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.90 109.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 263.26 109.10 Td (metals. ) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (29) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.08 742.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 102.27 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 123.68 742.10 Td (been ) Tj ET Q q 0 0 0 rg BT 145.08 742.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 184.27 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.80 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.77 742.10 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 247.41 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.27 742.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 299.67 742.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 332.19 742.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 367.50 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.81 742.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 404.76 742.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 430.71 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 448.79 742.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 515.17 742.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 559.50 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 90.69 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 109.72 730.10 Td (global ) Tj ET Q q 0 0 0 rg BT 135.96 730.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 188.87 730.10 Td (overproduction ) Tj ET Q q 0 0 0 rg BT 251.21 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.90 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.60 730.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 328.28 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.33 730.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 370.37 730.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 393.29 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.05 730.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 429.95 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.98 730.10 Td (deteriorating ) Tj ET Q q 0 0 0 rg BT 491.33 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 520.34 730.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.90 718.10 Td (global ) Tj ET Q q 0 0 0 rg BT 91.14 718.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 111.71 718.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 171.14 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.82 718.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 220.06 718.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 250.63 718.10 Td (swings. ) Tj ET Q q 0 0 0 rg BT 282.99 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 300.78 718.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 330.79 718.10 Td (downward ) Tj ET Q q 0 0 0 rg BT 375.24 718.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 398.03 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.05 718.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 455.84 718.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 481.96 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.65 718.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 527.55 718.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 553.67 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.86 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.85 706.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 143.71 706.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 180.12 706.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 219.31 706.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 266.81 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.13 706.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 301.33 706.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 323.88 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.86 706.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 382.84 706.10 Td (into ) Tj ET Q q 0 0 0 rg BT 400.94 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.70 706.10 Td (first ) Tj ET Q q 0 0 0 rg BT 434.35 706.10 Td (half ) Tj ET Q q 0 0 0 rg BT 452.44 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.32 706.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 487.51 706.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 510.06 706.10 Td (before ) Tj ET Q q 0 0 0 rg BT 538.14 706.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 91.24 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 113.60 694.10 Td (near) Tj ET Q q 0 0 0 rg BT 130.60 694.10 Td (-decade ) Tj ET Q q 0 0 0 rg BT 164.60 694.10 Td (lows. ) Tj ET Q q 0 0 0 rg BT 188.70 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 207.16 694.10 Td (falling ) Tj ET Q q 0 0 0 rg BT 236.18 694.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 260.20 694.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 285.33 694.10 Td (price ) Tj ET Q q 0 0 0 rg BT 308.23 694.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 361.69 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 380.16 694.10 Td (exacerbated ) Tj ET Q q 0 0 0 rg BT 430.81 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 443.73 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.08 694.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 482.87 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.57 694.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 512.59 694.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 528.28 694.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 557.57 694.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 68.17 682.10 Td (material ) Tj ET Q q 0 0 0 rg BT 104.12 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 125.63 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.59 682.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 191.43 682.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 213.50 682.10 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 250.55 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 278.17 682.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 315.22 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 336.19 682.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 358.26 682.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 381.45 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.63 682.10 Td (use ) Tj ET Q q 0 0 0 rg BT 416.14 682.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 447.65 682.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 471.93 682.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 497.32 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 508.84 682.10 Td (their ) Tj ET Q q 0 0 0 rg BT 530.35 682.10 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (feedstock. ) Tj ET Q q 0 0 0 rg BT 93.04 670.10 Td (Iron ) Tj ET Q q 0 0 0 rg BT 111.92 670.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 126.91 670.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 153.01 670.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 192.98 670.10 Td (near ) Tj ET Q q 0 0 0 rg BT 212.41 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.85 670.10 Td (end ) Tj ET Q q 0 0 0 rg BT 243.51 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.06 670.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 277.94 670.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 300.16 670.10 Td (but ) Tj ET Q q 0 0 0 rg BT 315.16 670.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 354.58 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 364.02 670.10 Td (low ) Tj ET Q q 0 0 0 rg BT 381.25 670.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 406.79 670.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 438.99 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.99 670.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 488.43 670.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 516.47 670.10 Td (Low ) Tj ET Q q 0 0 0 rg BT 537.03 670.10 Td (priced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 71.76 658.10 Td (billets, ) Tj ET Q q 0 0 0 rg BT 102.14 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 130.02 658.10 Td (use ) Tj ET Q q 0 0 0 rg BT 146.78 658.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 166.33 658.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 182.53 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.30 658.10 Td (their ) Tj ET Q q 0 0 0 rg BT 216.06 658.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 251.15 658.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 269.58 658.10 Td (material, ) Tj ET Q q 0 0 0 rg BT 308.28 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.15 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 354.03 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.67 658.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 395.87 658.10 Td (substitutes ) Tj ET Q q 0 0 0 rg BT 441.53 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.63 658.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 488.39 658.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 512.92 658.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 538.57 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 110.93 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.88 646.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 156.72 646.10 Td (steel, ) Tj ET Q q 0 0 0 rg BT 180.17 646.10 Td (also ) Tj ET Q q 0 0 0 rg BT 198.90 646.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 247.07 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.47 646.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 282.86 646.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 306.58 646.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 331.41 646.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 365.69 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.75 646.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 407.67 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 425.84 646.10 Td (persistently ) Tj ET Q q 0 0 0 rg BT 474.56 646.10 Td (low ) Tj ET Q q 0 0 0 rg BT 492.18 646.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 533.68 646.10 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.61 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.66 634.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 93.27 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.54 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.58 634.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 148.18 634.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 171.11 634.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 195.15 634.10 Td (price ) Tj ET Q q 0 0 0 rg BT 216.97 634.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 269.34 634.10 Td (also ) Tj ET Q q 0 0 0 rg BT 287.28 634.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 334.65 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.26 634.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 392.18 634.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 415.11 634.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 439.16 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.77 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.93 634.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 501.87 634.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 530.37 634.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 80.41 622.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 123.31 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 144.56 622.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 190.24 622.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 214.80 622.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 255.47 622.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 292.25 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.16 622.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 361.40 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.64 622.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 403.31 622.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 439.54 622.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 477.17 622.10 Td (led ) Tj ET Q q 0 0 0 rg BT 492.85 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.10 622.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 547.00 622.10 Td (low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 610.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 85.00 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.75 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.39 610.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 137.14 610.10 Td (business ) Tj ET Q q 0 0 0 rg BT 174.00 610.10 Td (during ) Tj ET Q q 0 0 0 rg BT 203.07 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.25 610.10 Td (first ) Tj ET Q q 0 0 0 rg BT 237.33 610.10 Td (half ) Tj ET Q q 0 0 0 rg BT 255.84 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.14 610.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 291.76 610.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 314.73 610.10 Td (until ) Tj ET Q q 0 0 0 rg BT 336.03 610.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 362.87 610.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 403.59 610.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 456.55 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.29 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.48 610.10 Td (third ) Tj ET Q q 0 0 0 rg BT 504.33 610.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 532.09 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 537.56 610.10 Td (Prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.52 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.06 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.04 598.10 Td (third ) Tj ET Q q 0 0 0 rg BT 137.69 598.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 168.77 598.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 208.75 598.10 Td (due ) Tj ET Q q 0 0 0 rg BT 225.95 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.49 598.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 277.01 598.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 311.43 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.85 598.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 362.48 598.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 389.95 598.10 Td (before ) Tj ET Q q 0 0 0 rg BT 418.25 598.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 463.77 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.31 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.29 598.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 516.49 598.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 547.57 598.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 89.16 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.43 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.15 586.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 139.98 586.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 160.24 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 169.96 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.68 586.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 227.17 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.00 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.72 586.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 276.88 586.10 Td (year) Tj ET Q q 0 0 0 rg BT 293.53 586.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Executive Overview of Financial Results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 544.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.82 544.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 105.43 544.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.72 544.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 195.00 544.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.08 544.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 224.32 544.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.43 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.18 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.70 544.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.10 544.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.10 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 309.35 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.53 544.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 351.69 544.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.77 544.10 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.10 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.85 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 403.03 544.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.99 544.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 436.24 544.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.35 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.10 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.17 544.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 526.46 544.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.95 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.34 532.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 95.94 532.10 Td (year ) Tj ET Q q 0 0 0 rg BT 115.32 532.10 Td (due ) Tj ET Q q 0 0 0 rg BT 131.93 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.88 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.49 532.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 200.65 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.15 532.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 236.09 532.10 Td (average ) Tj ET Q q 0 0 0 rg BT 269.34 532.10 Td (net ) Tj ET Q q 0 0 0 rg BT 283.73 532.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 312.57 532.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 338.61 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 352.44 532.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 382.93 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.54 532.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 445.03 532.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 468.30 532.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 492.69 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.29 532.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 543.68 532.10 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 89.11 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.71 520.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 139.53 520.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 161.13 520.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 197.19 520.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 238.78 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.73 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.11 520.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.72 520.10 Td (year) Tj ET Q q 0 0 0 rg BT 301.37 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.56 520.10 Td (A) Tj ET Q q 0 0 0 rg BT 312.04 520.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 340.85 520.10 Td (net ) Tj ET Q q 0 0 0 rg BT 355.24 520.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 384.07 520.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 410.12 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.95 520.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 454.43 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.04 520.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 516.53 520.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 539.79 520.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.79 508.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 83.46 508.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 105.48 508.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 146.91 508.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.93 508.10 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.26 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.27 508.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.73 508.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.06 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.57 508.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 266.23 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.75 508.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 312.19 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.98 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.21 508.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 357.67 508.10 Td (year) Tj ET Q q 0 0 0 rg BT 374.32 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.84 508.10 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 411.41 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.86 508.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 473.20 508.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 494.65 508.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 530.55 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 508.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 71.97 496.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 113.35 496.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.32 496.10 Td (1) Tj ET Q q 0 0 0 rg BT 129.95 496.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.28 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.24 496.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.65 496.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.45 496.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 232.11 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.58 496.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 277.97 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.71 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.90 496.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 323.31 496.10 Td (year) Tj ET Q q 0 0 0 rg BT 339.96 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 344.43 496.10 Td (Overall ) Tj ET Q q 0 0 0 rg BT 376.38 496.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 410.00 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.63 496.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 459.46 496.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 487.53 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.28 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.58 496.10 Td (end-markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.89 484.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 99.09 484.10 Td (than ) Tj ET Q q 0 0 0 rg BT 118.65 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.77 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.32 484.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 165.10 484.10 Td (year ) Tj ET Q q 0 0 0 rg BT 184.64 484.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 224.19 484.10 Td (due ) Tj ET Q q 0 0 0 rg BT 240.97 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.08 484.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 292.86 484.10 Td (low ) Tj ET Q q 0 0 0 rg BT 310.19 484.10 Td (global ) Tj ET Q q 0 0 0 rg BT 337.53 484.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 378.74 484.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 411.90 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.46 484.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 458.78 484.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 493.33 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.00 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.55 484.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 538.68 484.10 Td (dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.38 472.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 112.46 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.65 472.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 149.28 472.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 168.26 472.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 183.89 472.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 210.63 472.10 Td (during ) Tj ET Q q 0 0 0 rg BT 239.60 472.10 Td (most ) Tj ET Q q 0 0 0 rg BT 261.91 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.11 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.19 472.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 312.71 472.10 Td (year) Tj ET Q q 0 0 0 rg BT 329.36 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 334.73 472.10 Td (Demand ) Tj ET Q q 0 0 0 rg BT 371.47 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 385.99 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.19 472.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 437.27 472.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 458.45 472.10 Td (products ) Tj ET Q q 0 0 0 rg BT 495.76 472.10 Td (was ) Tj ET Q q 0 0 0 rg BT 514.17 472.10 Td (also ) Tj ET Q q 0 0 0 rg BT 533.14 472.10 Td (weaker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.72 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.00 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.71 460.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 116.65 460.10 Td (year ) Tj ET Q q 0 0 0 rg BT 136.36 460.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 176.07 460.10 Td (due ) Tj ET Q q 0 0 0 rg BT 193.01 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.29 460.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 243.54 460.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 293.81 460.10 Td (from ) Tj ET Q q 0 0 0 rg BT 315.75 460.10 Td (lower) Tj ET Q q 0 0 0 rg BT 338.32 460.10 Td (-priced ) Tj ET Q q 0 0 0 rg BT 369.13 460.10 Td (imports. ) Tj ET Q q 0 0 0 rg BT 404.69 460.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 106.05 439.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.08 439.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.92 439.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.74 439.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 198.02 439.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.91 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.18 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.23 439.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.16 439.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.16 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.93 439.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 334.63 439.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.68 439.10 Td ($196 ) Tj ET Q q 0 0 0 rg BT 368.95 439.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.84 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.12 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.17 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.66 439.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 450.37 439.10 Td (year) Tj ET Q q 0 0 0 rg BT 467.03 439.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.08 439.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 511.46 439.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.75 427.10 Td (income ) Tj ET Q q 0 0 0 rg BT 121.18 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.95 427.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.60 427.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.60 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.59 427.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.13 427.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 211.12 427.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.01 427.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.50 427.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 285.92 427.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.69 427.10 Td ($1) Tj ET Q q 0 0 0 rg BT 305.32 427.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 312.31 427.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.20 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.19 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.96 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.17 427.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 388.60 427.10 Td (year) Tj ET Q q 0 0 0 rg BT 405.25 427.10 Td (. ) Tj ET Q q 0 0 0 rg BT 409.31 427.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 447.41 427.10 Td (results ) Tj ET Q q 0 0 0 rg BT 475.50 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.27 427.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 508.92 427.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 530.91 427.10 Td (exclude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 415.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 94.91 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.98 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.16 415.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 151.46 415.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 200.30 415.10 Td (char) Tj ET Q q 0 0 0 rg BT 217.33 415.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 229.51 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.58 415.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 253.32 415.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 287.46 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 310.74 415.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 332.92 415.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 381.77 415.10 Td (char) Tj ET Q q 0 0 0 rg BT 398.79 415.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 414.86 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.94 415.10 Td ($21 ) Tj ET Q q 0 0 0 rg BT 443.68 415.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 477.81 415.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 531.65 415.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.67 415.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 403.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.41 403.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 137.16 403.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 175.47 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.01 403.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 198.23 403.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 231.83 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.49 403.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 282.36 403.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.01 403.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 338.43 403.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 385.63 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.17 403.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 408.39 403.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 441.51 403.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 479.83 403.10 Td (results ) Tj ET Q q 0 0 0 rg BT 508.15 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.14 403.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.01 403.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 83.24 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.60 391.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 126.96 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.43 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.02 391.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 181.72 391.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 229.96 391.10 Td (char) Tj ET Q q 0 0 0 rg BT 246.99 391.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 258.57 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.05 391.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 291.19 391.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 324.73 391.10 Td (other ) Tj ET Q q 0 0 0 rg BT 347.42 391.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 369.00 391.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 417.25 391.10 Td (char) Tj ET Q q 0 0 0 rg BT 434.27 391.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 449.75 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.22 391.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 477.37 391.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 510.91 391.10 Td (restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 379.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 83.07 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.22 379.10 Td (other ) Tj ET Q q 0 0 0 rg BT 123.48 379.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 171.71 379.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 210.52 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.57 379.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 239.28 379.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 273.38 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.53 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.46 379.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 335.38 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.42 379.10 Td (reselling ) Tj ET Q q 0 0 0 rg BT 383.57 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.61 379.10 Td (modifying ) Tj ET Q q 0 0 0 rg BT 438.99 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.92 379.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 478.84 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.88 379.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 519.80 379.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 93.34 367.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 112.82 367.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 142.84 367.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 185.09 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.12 367.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 206.82 367.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 239.91 367.10 Td (See ) Tj ET Q q 0 0 0 rg BT 256.05 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.97 367.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 326.64 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.67 367.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 371.69 367.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 411.16 367.10 Td (income ) Tj ET Q q 0 0 0 rg BT 442.29 367.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 466.21 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.69 367.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 523.10 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.79 367.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 90.82 355.10 Td (at ) Tj ET Q q 0 0 0 rg BT 100.54 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.25 355.10 Td (end ) Tj ET Q q 0 0 0 rg BT 132.19 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.02 355.10 Td (this ) Tj ET Q q 0 0 0 rg BT 159.97 355.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 180.80 355.10 Td (7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.93 334.10 Td (results ) Tj ET Q q 0 0 0 rg BT 119.98 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.58 334.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 157.18 334.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 179.12 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.50 334.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 217.44 334.10 Td (were ) Tj ET Q q 0 0 0 rg BT 238.82 334.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 279.07 334.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 317.67 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 329.61 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.77 334.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 368.48 334.10 Td (price ) Tj ET Q q 0 0 0 rg BT 390.41 334.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 442.89 334.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.27 334.10 Td (included ) Tj ET Q q 0 0 0 rg BT 505.65 334.10 Td (sharp ) Tj ET Q q 0 0 0 rg BT 529.25 334.10 Td (declines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.04 322.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 107.85 322.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 136.78 322.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 162.92 322.10 Td (during ) Tj ET Q q 0 0 0 rg BT 191.28 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.76 322.10 Td (first ) Tj ET Q q 0 0 0 rg BT 224.13 322.10 Td (half ) Tj ET Q q 0 0 0 rg BT 241.94 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.53 322.10 Td (each ) Tj ET Q q 0 0 0 rg BT 273.11 322.10 Td (year) Tj ET Q q 0 0 0 rg BT 289.76 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.36 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 303.00 322.10 Td (e ) Tj ET Q q 0 0 0 rg BT 309.69 322.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 345.27 322.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 385.30 322.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 411.45 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.49 322.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 445.40 322.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 467.66 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.36 322.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 506.62 322.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 534.43 322.10 Td (lar) Tj ET Q q 0 0 0 rg BT 544.80 322.10 Td (gely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.23 310.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 85.91 310.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 135.24 310.10 Td (char) Tj ET Q q 0 0 0 rg BT 152.27 310.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 168.83 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.50 310.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 240.83 310.10 Td (char) Tj ET Q q 0 0 0 rg BT 257.86 310.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 274.42 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.09 310.10 Td (other ) Tj ET Q q 0 0 0 rg BT 315.87 310.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 364.63 310.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 403.97 310.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 442.18 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.19 310.10 Td (each ) Tj ET Q q 0 0 0 rg BT 474.74 310.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 499.63 310.10 Td (year) Tj ET Q q 0 0 0 rg BT 516.28 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 522.02 310.10 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.72 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.11 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.94 298.10 Td (second ) Tj ET Q q 0 0 0 rg BT 134.32 298.10 Td (half ) Tj ET Q q 0 0 0 rg BT 152.48 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.42 298.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 187.68 298.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 210.29 298.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 250.11 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 272.16 298.10 Td (an ) Tj ET Q q 0 0 0 rg BT 284.21 298.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 319.57 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.96 298.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 360.89 298.10 Td (average ) Tj ET Q q 0 0 0 rg BT 394.59 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.42 298.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 438.69 298.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 465.18 298.10 Td (after ) Tj ET Q q 0 0 0 rg BT 486.11 298.10 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 540.36 298.10 Td (sharp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 85.46 286.10 Td (during ) Tj ET Q q 0 0 0 rg BT 114.26 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.17 286.10 Td (first ) Tj ET Q q 0 0 0 rg BT 147.97 286.10 Td (half ) Tj ET Q q 0 0 0 rg BT 166.21 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.23 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.14 286.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 216.49 286.10 Td (year ) Tj ET Q q 0 0 0 rg BT 236.39 286.10 Td (which ) Tj ET Q q 0 0 0 rg BT 263.52 286.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 297.87 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.34 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.25 286.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 356.48 286.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 386.38 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.52 286.10 Td (average ) Tj ET Q q 0 0 0 rg BT 442.29 286.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 483.31 286.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 529.88 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 286.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 73.23 274.10 Td (being ) Tj ET Q q 0 0 0 rg BT 98.67 274.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 151.89 274.10 Td (less ) Tj ET Q q 0 0 0 rg BT 170.11 274.10 Td (than ) Tj ET Q q 0 0 0 rg BT 190.56 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.00 274.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 239.76 274.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 270.20 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.21 274.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 306.09 274.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 331.82 274.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 375.03 274.10 Td (results ) Tj ET Q q 0 0 0 rg BT 404.36 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.37 274.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 440.25 274.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 463.48 274.10 Td (also ) Tj ET Q q 0 0 0 rg BT 482.81 274.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 523.24 274.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.90 274.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (saving ) Tj ET Q q 0 0 0 rg BT 78.23 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.80 262.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 145.81 262.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 201.25 262.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 240.58 262.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 275.48 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.38 262.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 309.16 262.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 333.79 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.35 262.10 Td (further ) Tj ET Q q 0 0 0 rg BT 379.68 262.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 420.13 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.03 262.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 453.81 262.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 478.44 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.34 262.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 517.11 262.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 542.00 262.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.89 250.10 Td (production ) Tj ET Q q 0 0 0 rg BT 108.78 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.78 250.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 159.51 250.10 Td (general ) Tj ET Q q 0 0 0 rg BT 192.49 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.49 250.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 271.26 250.10 Td (\("SG&A"\) ) Tj ET Q q 0 0 0 rg BT 317.43 250.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 355.70 250.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 400.37 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.15 250.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 450.24 250.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 481.02 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.91 250.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.91 250.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 238.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 84.87 238.10 Td (these ) Tj ET Q q 0 0 0 rg BT 107.43 238.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 141.10 238.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 188.65 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.44 238.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 226.00 238.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.78 238.10 Td (mar) Tj ET Q q 0 0 0 rg BT 281.15 238.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 299.83 238.10 Td (per ) Tj ET Q q 0 0 0 rg BT 314.61 238.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 344.95 238.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 359.74 238.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 378.42 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 387.21 238.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 412.00 238.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.44 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.23 238.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 486.90 238.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 508.91 238.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 539.25 238.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.93 226.10 Td (net ) Tj ET Q q 0 0 0 rg BT 99.00 226.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 128.52 226.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 155.25 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.53 226.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 194.82 226.10 Td (volumes. ) Tj ET Q q 0 0 0 rg BT 234.06 226.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 289.68 226.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 316.92 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.77 226.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 354.82 226.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 397.09 226.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.94 226.10 Td ($22 ) Tj ET Q q 0 0 0 rg BT 427.79 226.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.68 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.03 226.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.21 226.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.54 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 496.89 226.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 539.17 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 226.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.56 214.10 Td (year ) Tj ET Q q 0 0 0 rg BT 90.88 214.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 130.21 214.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 167.32 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 188.87 214.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 222.64 214.10 Td (employee-related ) Tj ET Q q 0 0 0 rg BT 294.16 214.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 332.37 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.93 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.48 214.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 367.60 214.10 Td (million ) Tj ET Q q 0 0 0 rg BT 398.61 214.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 428.49 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 450.04 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.60 214.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 502.03 214.10 Td (reimbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.84 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.48 202.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 123.00 202.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 148.37 202.10 Td (SMB's ) Tj ET Q q 0 0 0 rg BT 178.05 202.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 218.68 202.10 Td (results ) Tj ET Q q 0 0 0 rg BT 247.65 202.10 Td (were ) Tj ET Q q 0 0 0 rg BT 269.95 202.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 295.58 202.10 Td (than ) Tj ET Q q 0 0 0 rg BT 315.66 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.31 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.39 202.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 363.69 202.10 Td (year ) Tj ET Q q 0 0 0 rg BT 383.77 202.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 423.84 202.10 Td (due ) Tj ET Q q 0 0 0 rg BT 441.15 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.79 202.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 494.07 202.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 523.60 202.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.34 202.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 83.94 190.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 104.00 190.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 142.66 190.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 176.04 190.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 197.20 190.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 232.82 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.98 190.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 273.48 190.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 301.87 190.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 319.71 190.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 361.99 190.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 389.26 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.99 190.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 440.47 190.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 489.97 190.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.13 190.10 Td (lower) Tj ET Q q 0 0 0 rg BT 533.70 190.10 Td (-priced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (imports. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.15 157.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 88.40 157.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 114.82 157.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.30 157.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 184.33 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.59 157.10 Td (number ) Tj ET Q q 0 0 0 rg BT 224.95 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.11 157.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 255.04 157.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 295.62 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.88 157.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 364.58 157.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 420.72 157.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 460.75 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.35 157.10 Td (more ) Tj ET Q q 0 0 0 rg BT 494.72 157.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 525.87 157.10 Td (align ) Tj ET Q q 0 0 0 rg BT 548.68 157.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (business ) Tj ET Q q 0 0 0 rg BT 87.09 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.08 145.10 Td (market ) Tj ET Q q 0 0 0 rg BT 129.04 145.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 176.18 145.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.93 145.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 237.57 145.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 268.53 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.07 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.49 145.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 335.90 145.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 371.87 145.10 Td (since ) Tj ET Q q 0 0 0 rg BT 395.62 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.04 145.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 454.24 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.77 145.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 490.63 145.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 513.83 145.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 557.57 145.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 133.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 83.65 133.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 111.94 133.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 166.89 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.30 133.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.70 133.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 267.86 133.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.82 133.10 Td ($95 ) Tj ET Q q 0 0 0 rg BT 294.45 133.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.34 133.10 Td (. ) Tj ET Q q 0 0 0 rg BT 327.36 133.10 Td (These ) Tj ET Q q 0 0 0 rg BT 352.87 133.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 393.94 133.10 Td (include ) Tj ET Q q 0 0 0 rg BT 425.00 133.10 Td (those ) Tj ET Q q 0 0 0 rg BT 447.74 133.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 492.69 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.10 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.95 133.10 Td (first ) Tj ET Q q 0 0 0 rg BT 533.69 133.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.04 121.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.41 121.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 108.13 121.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 126.39 121.10 Td ("Q1'15 ) Tj ET Q q 0 0 0 rg BT 157.21 121.10 Td (Plan"\) ) Tj ET Q q 0 0 0 rg BT 185.11 121.10 Td (followed ) Tj ET Q q 0 0 0 rg BT 223.37 121.10 Td (by ) Tj ET Q q 0 0 0 rg BT 236.09 121.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 278.79 121.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 297.61 121.10 Td (saving ) Tj ET Q q 0 0 0 rg BT 326.43 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.59 121.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 391.83 121.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 431.75 121.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 477.78 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.27 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.20 121.10 Td (second ) Tj ET Q q 0 0 0 rg BT 533.68 121.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 109.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.20 109.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 107.81 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.86 109.10 Td (further ) Tj ET Q q 0 0 0 rg BT 154.68 109.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 195.60 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.99 109.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 230.25 109.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.86 109.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 271.02 109.10 Td ("Q2'15 ) Tj ET Q q 0 0 0 rg BT 301.73 109.10 Td (Plan"\). ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 332.03 116.03 173.09 -9.09 re f /GS0 gs q 0 0 0 rg BT 332.03 109.10 Td (In ) Tj ET Q q 0 0 0 rg BT 342.97 109.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 367.23 109.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 392.34 109.10 Td (we ) Tj ET Q q 0 0 0 rg BT 406.61 109.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 444.75 109.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.12 109.10 Td ($78 ) Tj ET Q q 0 0 0 rg BT 522.73 109.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 554.23 116.03 10.28 -9.09 re f /GS0 gs q 0 0 0 rg BT 554.23 109.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 104.03 275.47 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 97.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 91.55 97.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 125.33 97.10 Td (related ) Tj ET Q q 0 0 0 rg BT 154.65 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.55 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.89 97.10 Td (Q1'15 ) Tj ET Q q 0 0 0 rg BT 205.03 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.59 97.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 247.74 97.10 Td (Plans, ) Tj ET Q q 0 0 0 rg BT 274.03 97.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 315.57 97.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.47 97.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 342.59 97.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 371.48 104.03 193.03 -9.09 re f /GS0 gs q 0 0 0 rg BT 371.48 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.60 97.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 411.26 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.15 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.49 97.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 457.05 97.10 Td (year) Tj ET Q q 0 0 0 rg BT 473.71 97.10 Td (. ) Tj ET Q q 0 0 0 rg BT 478.17 97.10 Td (W) Tj ET Q q 0 0 0 rg BT 486.81 97.10 Td (e ) Tj ET Q q 0 0 0 rg BT 493.37 97.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 521.58 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.48 97.10 Td (achieve ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 92.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 85.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 103.39 85.10 Td (all ) Tj ET Q q 0 0 0 rg BT 116.22 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.39 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.45 85.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 184.72 85.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 214.21 85.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 270.37 85.10 Td (tar) Tj ET Q q 0 0 0 rg BT 280.74 85.10 Td (get ) Tj ET Q q 0 0 0 rg BT 295.79 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.96 85.10 Td ($95 ) Tj ET Q q 0 0 0 rg BT 324.80 85.10 Td (million ) Tj ET Q q 0 0 0 rg BT 356.53 85.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 400.46 85.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.08 85.10 Td (these ) Tj ET Q q 0 0 0 rg BT 444.46 85.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 468.97 85.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.59 85.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 504.08 85.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 529.42 85.10 Td (Char) Tj ET Q q 0 0 0 rg BT 548.68 85.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 80.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 73.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.55 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.56 73.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 141.66 73.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.68 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.13 73.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 217.24 73.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 258.91 73.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.35 73.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 313.91 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.92 73.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 355.60 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.17 73.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 414.77 73.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 456.99 73.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 489.21 73.10 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 517.00 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.01 73.10 Td (this ) Tj ET Q q 0 0 0 rg BT 543.69 73.10 Td (Item ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 68.03 7.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 61.10 Td (7.) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (30) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.95 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 85.02 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 106.96 742.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 152.25 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 196.41 742.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 244.46 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.74 742.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 271.71 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.99 742.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.16 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.16 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.67 742.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.73 742.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 364.24 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.13 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.14 742.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.97 742.10 Td ($\(0.66\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.13 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.64 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 455.92 742.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 486.20 742.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 512.31 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.24 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ($190 ) Tj ET Q q 0 0 0 rg BT 72.72 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.61 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.82 730.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.87 730.10 Td ($\(7.03\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.03 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.75 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 165.23 730.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 195.72 730.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 222.04 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.53 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.46 730.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 269.62 730.10 Td (year) Tj ET Q q 0 0 0 rg BT 286.27 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 290.89 730.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 329.72 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 344.65 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 376.80 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 398.95 730.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 444.44 730.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.81 730.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 537.07 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.56 730.10 Td (SSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.54 718.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.96 718.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 107.72 718.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.03 718.10 Td ($19 ) Tj ET Q q 0 0 0 rg BT 143.79 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.68 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.94 718.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.04 718.10 Td ($0.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.54 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.30 718.10 Td (per ) Tj ET Q q 0 0 0 rg BT 229.83 718.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 260.36 718.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 286.72 718.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 328.91 718.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.45 718.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 352.21 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.10 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.36 718.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.45 718.10 Td ($0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.95 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.71 718.10 Td (per ) Tj ET Q q 0 0 0 rg BT 438.24 718.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 468.78 718.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 495.14 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.68 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.65 718.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 542.85 718.10 Td (year) Tj ET Q q 0 0 0 rg BT 559.51 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 88.91 706.10 Td (net ) Tj ET Q q 0 0 0 rg BT 103.93 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 136.16 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 158.40 706.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 203.97 706.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 248.43 706.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 296.77 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.34 706.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 324.60 706.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 362.38 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.40 706.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 407.41 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.54 706.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 456.90 706.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 505.80 706.10 Td (char) Tj ET Q q 0 0 0 rg BT 522.82 706.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 541.46 706.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.68 694.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 120.02 694.10 Td (char) Tj ET Q q 0 0 0 rg BT 137.05 694.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 155.12 694.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 208.45 694.10 Td (char) Tj ET Q q 0 0 0 rg BT 225.48 694.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 241.05 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.73 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 280.52 694.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 328.29 694.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 369.13 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.58 694.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 413.04 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.61 694.10 Td (reselling ) Tj ET Q q 0 0 0 rg BT 460.28 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.85 694.10 Td (modifying ) Tj ET Q q 0 0 0 rg BT 514.76 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.22 694.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 553.68 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.48 682.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 123.97 682.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 167.89 682.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 187.95 682.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 218.54 682.10 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 263.88 682.10 Td (net ) Tj ET Q q 0 0 0 rg BT 278.37 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.98 682.10 Td (recoveries, ) Tj ET Q q 0 0 0 rg BT 334.84 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.55 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.05 682.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 404.42 682.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 436.45 682.10 Td (f ) Tj ET Q q 0 0 0 rg BT 442.06 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.66 682.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 472.16 682.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 508.31 682.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 533.09 682.10 Td (See ) Tj ET Q q 0 0 0 rg BT 549.80 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 107.60 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.55 670.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 154.49 670.10 Td (net ) Tj ET Q q 0 0 0 rg BT 169.33 670.10 Td (income ) Tj ET Q q 0 0 0 rg BT 201.39 670.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 226.23 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.29 670.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 293.68 670.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 337.96 670.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 386.12 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.52 670.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 413.59 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.99 670.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 471.40 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.02 670.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 513.85 670.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 554.79 670.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 658.10 Td (end ) Tj ET Q q 0 0 0 rg BT 81.66 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.49 658.10 Td (this ) Tj ET Q q 0 0 0 rg BT 109.43 658.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 130.26 658.10 Td (7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 637.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 637.10 Td (items ) Tj ET Q q 0 0 0 rg BT 133.60 637.10 Td (further ) Tj ET Q q 0 0 0 rg BT 163.31 637.10 Td (highlight ) Tj ET Q q 0 0 0 rg BT 201.92 637.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 236.62 637.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 273.01 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.95 637.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.10 637.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 356.59 637.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 388.52 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.68 637.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.84 637.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.84 637.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 616.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 138.94 616.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.21 616.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 197.25 616.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.75 616.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 250.02 616.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 288.62 616.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.45 616.10 Td ($99 ) Tj ET Q q 0 0 0 rg BT 316.95 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.84 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.84 616.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 392.76 616.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.04 616.10 Td ($145 ) Tj ET Q q 0 0 0 rg BT 425.54 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.43 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.93 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.21 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.93 616.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 503.87 616.10 Td (year;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 601.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 601.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 143.94 601.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.77 601.10 Td ($193 ) Tj ET Q q 0 0 0 rg BT 177.27 601.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.16 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.16 601.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 253.08 601.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.36 601.10 Td ($228 ) Tj ET Q q 0 0 0 rg BT 285.86 601.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.75 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.25 601.10 Td (as ) Tj ET Q q 0 0 0 rg BT 328.08 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.91 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.63 601.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 375.57 601.10 Td (year) Tj ET Q q 0 0 0 rg BT 392.58 601.10 Td (-end;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 586.10 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 146.40 586.10 Td (net ) Tj ET Q q 0 0 0 rg BT 161.08 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.87 586.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 194.59 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.38 586.10 Td ($166 ) Tj ET Q q 0 0 0 rg BT 227.84 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.74 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.70 586.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 303.58 586.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.82 586.10 Td ($205 ) Tj ET Q q 0 0 0 rg BT 336.28 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.17 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.63 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.42 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.21 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.89 586.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 425.78 586.10 Td (year) Tj ET Q q 0 0 0 rg BT 442.79 586.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 463.02 586.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 481.58 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.25 586.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 553.69 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 574.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 144.22 574.10 Td (net ) Tj ET Q q 0 0 0 rg BT 158.93 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.76 574.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 192.53 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.81 574.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 250.22 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.72 574.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 292.43 574.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 333.25 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 342.97 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.68 574.10 Td (end ) Tj ET Q q 0 0 0 rg BT 374.62 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.45 574.10 Td (this ) Tj ET Q q 0 0 0 rg BT 402.40 574.10 Td (Item7\); ) Tj ET Q q 0 0 0 rg BT 436.83 574.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 559.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 165.61 559.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 185.33 559.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.16 559.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 213.66 559.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.55 559.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.55 559.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 289.47 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.75 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.47 559.10 Td (same ) Tj ET Q q 0 0 0 rg BT 337.51 559.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 370.01 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.29 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 559.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 416.94 559.10 Td (year) Tj ET Q q 0 0 0 rg BT 433.60 559.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The following items highlight our reportable segment financial results for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 538.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.30 538.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 523.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 523.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 147.39 523.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.53 523.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.46 523.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 216.57 523.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.68 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.28 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.33 523.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.69 523.10 Td (income ) Tj ET Q q 0 0 0 rg BT 334.73 523.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.67 523.10 Td ($23 ) Tj ET Q q 0 0 0 rg BT 363.27 523.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.16 523.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.27 523.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 439.29 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.68 523.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 487.82 523.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.75 523.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 518.85 523.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.97 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.57 523.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 511.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.26 511.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 180.33 511.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.16 511.10 Td ($164 ) Tj ET Q q 0 0 0 rg BT 213.66 511.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.55 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.05 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.33 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.04 511.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 291.98 511.10 Td (year;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 496.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 496.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 146.60 496.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 181.75 496.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 221.34 496.10 Td (income ) Tj ET Q q 0 0 0 rg BT 252.59 496.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.74 496.10 Td ($49 ) Tj ET Q q 0 0 0 rg BT 279.56 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.46 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.78 496.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 354.02 496.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.62 496.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 380.44 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.33 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.16 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.75 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.79 496.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 456.05 496.10 Td (year ) Tj ET Q q 0 0 0 rg BT 475.08 496.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 493.00 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.04 496.10 Td (reconciliation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.28 484.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 157.56 484.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 193.39 484.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 233.65 484.10 Td (income ) Tj ET Q q 0 0 0 rg BT 265.58 484.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 290.31 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.58 484.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 347.99 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.49 484.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 390.20 484.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 431.02 484.10 Td (at ) Tj ET Q q 0 0 0 rg BT 440.74 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.46 484.10 Td (end ) Tj ET Q q 0 0 0 rg BT 472.40 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.23 484.10 Td (this ) Tj ET Q q 0 0 0 rg BT 500.17 484.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 521.00 484.10 Td (7\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 469.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 469.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 145.50 469.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.41 469.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.11 469.10 Td ($270 ) Tj ET Q q 0 0 0 rg BT 216.49 469.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.38 469.10 Td ( ) Tj ET Q q 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 311.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 281.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 281.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 281.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 281.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 281.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 281.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 251.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 251.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 251.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 251.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 251.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 251.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 221.75 205.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 221.75 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 221.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 221.75 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 221.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 221.75 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 221.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 221.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 221.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 221.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 182.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 182.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 182.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 182.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 182.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 182.75 60.00 -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 255.5 717.75 m 312.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 717.75 m 316.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 717.75 m 373.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 717.75 m 377.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 717.75 m 434.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 717.75 m 438.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 717.75 m 498.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 717.75 m 502.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 717.75 m 562.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 703.75 m 498.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 703.75 m 502.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.75 m 562.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 689.75 m 312.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 689.75 m 373.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 689.75 m 434.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 689.75 m 498.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.75 m 562.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 689.75 m 562.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 629.75 m 312.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 629.75 m 373.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 629.75 m 434.5 629.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 614.75 m 312.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 614.75 m 373.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 614.75 m 434.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 545.75 m 312.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 545.75 m 373.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 545.75 m 434.5 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 530.75 m 312.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 530.75 m 373.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 530.75 m 434.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 470.75 m 312.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 470.75 m 373.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 470.75 m 434.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 446.75 m 312.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 446.75 m 373.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 446.75 m 434.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 401.75 m 312.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 401.75 m 373.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 401.75 m 434.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 296.75 m 312.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 281.75 m 312.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 296.75 m 373.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 281.75 m 373.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 296.75 m 434.5 296.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 281.75 m 434.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 236.75 m 312.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 236.75 m 373.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 236.75 m 434.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 167.75 m 312.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 167.75 m 373.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 167.75 m 434.5 167.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 152.75 m 312.5 152.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 152.75 m 373.5 152.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 152.75 m 434.5 152.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 722.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.00 722.43 Td (For the Year Ended August31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 708.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.00 708.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 708.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.00 708.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 708.43 Td (% Increase / \(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 694.43 Td (\($ in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 694.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 694.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.50 694.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 694.43 Td (2016 vs2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 694.43 Td (2015vs2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.42 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 664.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 664.42 Td (1,173,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 664.42 Td (1,716,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 664.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 664.42 Td (2,334,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 664.42 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 664.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 664.42 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 664.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 649.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 649.42 Td (269,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 649.42 Td (375,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 649.42 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 649.42 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 649.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 649.42 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 649.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 634.42 Td (Intercompany revenue eliminations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 212.62 638.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 634.47 Td (\(90,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 634.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 634.47 Td (\(175,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 634.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 634.47 Td (\(188,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 634.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 634.42 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 634.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 634.42 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 634.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 619.42 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 619.42 Td (1,352,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 619.42 Td (1,915,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 619.42 Td (2,534,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 619.42 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 619.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 619.42 Td (\(24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 619.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.42 Td (Cost of goods sold:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 589.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 589.42 Td (1,011,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 589.42 Td (1,567,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 589.42 Td (2,141,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 589.42 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 589.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 589.42 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 589.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 574.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 574.42 Td (257,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 574.42 Td (348,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 574.42 Td (362,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 574.42 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 574.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 574.42 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 574.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 560.32 Td (Intercompany cost of goods sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 550.32 Td (eliminations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 129.44 554.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 550.47 Td (\(92,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 550.47 Td (\(173,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 550.47 Td (\(188,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 550.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 550.42 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 550.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 550.42 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 550.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 535.42 Td (Total cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 535.42 Td (1,175,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 535.42 Td (1,742,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 535.42 Td (2,315,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 535.42 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 535.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 535.42 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 535.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.42 Td (Selling, general and administrative expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 505.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 505.42 Td (112,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 505.42 Td (129,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 505.42 Td (138,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 505.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 505.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 505.42 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 505.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 490.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 490.42 Td (6,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 490.42 Td (6,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 490.42 Td (7,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 490.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 490.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 490.42 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 490.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 475.42 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.99 479.95 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 475.42 Td (29,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 475.42 Td (35,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 475.42 Td (41,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 475.42 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 475.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 475.42 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 475.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 461.32 Td (Total selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 451.32 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 451.42 Td (148,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 451.42 Td (170,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 451.42 Td (187,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 451.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 451.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 451.42 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 451.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.42 Td (\(Income\) from joint ventures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 421.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.30 421.47 Td (\(742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 421.47 Td (\(1,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 421.47 Td (\(1,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 421.42 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 421.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 421.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 421.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 406.42 Td (Change in intercompany profit elimination) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 242.07 410.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 406.47 Td (\(77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 406.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 406.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.30 406.47 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 406.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 406.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 406.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 391.42 Td (Total \(income\) from joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.30 391.47 Td (\(819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 391.47 Td (\(1,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 391.47 Td (\(1,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 391.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 391.42 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 391.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 391.42 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 391.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.42 Td (Goodwill impairment charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 361.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 361.42 Td (8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 361.42 Td (141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 361.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 361.42 Td (\(94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 361.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 361.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.42 Td (Other asset impairment charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 331.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 331.42 Td (18,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 331.42 Td (44,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 331.42 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 331.42 Td (\(59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 331.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 331.42 Td (4,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 331.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 316.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 316.42 Td (2,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 316.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 316.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 316.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 316.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 301.42 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 301.42 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 301.42 Td (745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 301.42 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 301.42 Td (\(89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 301.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 301.42 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 301.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 286.42 Td (Total other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 286.42 Td (20,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 286.42 Td (45,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 286.42 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 286.42 Td (\(54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 286.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 286.42 Td (2,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 286.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.42 Td (Operating income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 256.42 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 256.42 Td (22,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 256.47 Td (\(164,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 256.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 256.42 Td (55,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 256.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 256.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 241.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 241.42 Td (3,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 241.42 Td (20,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 241.42 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 241.42 Td (\(82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 241.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 241.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 241.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 226.42 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 226.42 Td (26,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 226.47 Td (\(143,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 226.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 226.42 Td (73,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 226.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 226.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 212.32 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 144.96 212.32 Td (ges and other exit-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 202.32 Td (activities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.10 206.85 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 202.47 Td (\(6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 202.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 202.47 Td (\(13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 202.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 202.47 Td (\(6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 202.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 202.42 Td (\(48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 202.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 202.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 202.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 187.42 Td (Corporate expense) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.69 191.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 187.47 Td (\(29,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 187.47 Td (\(36,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 187.47 Td (\(42,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 187.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 187.42 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 187.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 187.42 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 187.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 172.42 Td (Change in intercompany profit elimination) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 242.07 176.95 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 172.42 Td (2,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 172.47 Td (\(2,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 172.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 172.42 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 172.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 172.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 157.42 Td (Total operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 157.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 157.47 Td (\(7,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 157.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 157.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 157.47 Td (\(195,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 157.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 157.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 157.42 Td (24,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 157.42 Td (\(96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 157.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 157.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 143.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 134.05 Td (NM = Not Meaningful) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 124.45 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 124.45 Td (AMR ) Tj ET Q q 0 0 0 rg BT 88.08 124.45 Td (sells ) Tj ET Q q 0 0 0 rg BT 104.17 124.45 Td (recycled ) Tj ET Q q 0 0 0 rg BT 133.11 124.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 157.63 124.45 Td (metal ) Tj ET Q q 0 0 0 rg BT 177.26 124.45 Td (to ) Tj ET Q q 0 0 0 rg BT 185.34 124.45 Td (SMB ) Tj ET Q q 0 0 0 rg BT 204.09 124.45 Td (at ) Tj ET Q q 0 0 0 rg BT 211.73 124.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 228.69 124.45 Td (per ) Tj ET Q q 0 0 0 rg BT 240.76 124.45 Td (ton ) Tj ET Q q 0 0 0 rg BT 252.84 124.45 Td (that ) Tj ET Q q 0 0 0 rg BT 266.70 124.45 Td (approximate ) Tj ET Q q 0 0 0 rg BT 308.40 124.45 Td (W) Tj ET Q q 0 0 0 rg BT 315.31 124.45 Td (est ) Tj ET Q q 0 0 0 rg BT 326.06 124.45 Td (Coast ) Tj ET Q q 0 0 0 rg BT 346.14 124.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 362.23 124.45 Td (market ) Tj ET Q q 0 0 0 rg BT 386.29 124.45 Td (prices. ) Tj ET Q q 0 0 0 rg BT 409.12 124.45 Td (These ) Tj ET Q q 0 0 0 rg BT 430.08 124.45 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 475.92 124.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 506.21 124.45 Td (and ) Tj ET Q q 0 0 0 rg BT 519.62 124.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 534.37 124.45 Td (of ) Tj ET Q q 0 0 0 rg BT 542.89 124.45 Td (goods ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 114.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 83.34 114.85 Td (are ) Tj ET Q q 0 0 0 rg BT 95.10 114.85 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 130.87 114.85 Td (in ) Tj ET Q q 0 0 0 rg BT 139.09 114.85 Td (consolidation.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 105.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 101.99 105.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 129.75 105.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 157.09 105.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 188.86 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.52 105.25 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 236.39 105.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 267.27 105.25 Td (for ) Tj ET Q q 0 0 0 rg BT 278.60 105.25 Td (management ) Tj ET Q q 0 0 0 rg BT 321.47 105.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.02 105.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 358.79 105.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 406.55 105.25 Td (services ) Tj ET Q q 0 0 0 rg BT 434.32 105.25 Td (that ) Tj ET Q q 0 0 0 rg BT 448.31 105.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 472.52 105.25 Td (both ) Tj ET Q q 0 0 0 rg BT 488.75 105.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 523.17 105.25 Td (segments. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 95.65 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 95.65 Td (The ) Tj ET Q q 0 0 0 rg BT 83.50 95.65 Td (joint ) Tj ET Q q 0 0 0 rg BT 101.24 95.65 Td (ventures ) Tj ET Q q 0 0 0 rg BT 131.41 95.65 Td (sell ) Tj ET Q q 0 0 0 rg BT 145.58 95.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 175.74 95.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 196.58 95.65 Td (to ) Tj ET Q q 0 0 0 rg BT 205.19 95.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 226.48 95.65 Td (and ) Tj ET Q q 0 0 0 rg BT 241.10 95.65 Td (to ) Tj ET Q q 0 0 0 rg BT 250.39 95.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 270.36 95.65 Td (at ) Tj ET Q q 0 0 0 rg BT 279.20 95.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 301.36 95.65 Td (that ) Tj ET Q q 0 0 0 rg BT 316.43 95.65 Td (approximate ) Tj ET Q q 0 0 0 rg BT 359.48 95.65 Td (local ) Tj ET Q q 0 0 0 rg BT 378.09 95.65 Td (market ) Tj ET Q q 0 0 0 rg BT 403.37 95.65 Td (rates, ) Tj ET Q q 0 0 0 rg BT 423.54 95.65 Td (which ) Tj ET Q q 0 0 0 rg BT 446.16 95.65 Td (produces ) Tj ET Q q 0 0 0 rg BT 478.10 95.65 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 525.15 95.65 Td (profit. ) Tj ET Q q 0 0 0 rg BT 547.77 95.65 Td (This ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 86.05 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 113.98 86.05 Td (profit ) Tj ET Q q 0 0 0 rg BT 133.76 86.05 Td (is ) Tj ET Q q 0 0 0 rg BT 141.09 86.05 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 176.86 86.05 Td (while ) Tj ET Q q 0 0 0 rg BT 196.63 86.05 Td (the ) Tj ET Q q 0 0 0 rg BT 208.41 86.05 Td (products ) Tj ET Q q 0 0 0 rg BT 237.96 86.05 Td (remain ) Tj ET Q q 0 0 0 rg BT 262.17 86.05 Td (in ) Tj ET Q q 0 0 0 rg BT 270.39 86.05 Td (inventory ) Tj ET Q q 0 0 0 rg BT 303.05 86.05 Td (and ) Tj ET Q q 0 0 0 rg BT 316.60 86.05 Td (is ) Tj ET Q q 0 0 0 rg BT 323.94 86.05 Td (not ) Tj ET Q q 0 0 0 rg BT 336.16 86.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 373.25 86.05 Td (until ) Tj ET Q q 0 0 0 rg BT 389.92 86.05 Td (the ) Tj ET Q q 0 0 0 rg BT 401.69 86.05 Td (finished ) Tj ET Q q 0 0 0 rg BT 429.46 86.05 Td (products ) Tj ET Q q 0 0 0 rg BT 459.02 86.05 Td (are ) Tj ET Q q 0 0 0 rg BT 470.78 86.05 Td (sold ) Tj ET Q q 0 0 0 rg BT 486.12 86.05 Td (to ) Tj ET Q q 0 0 0 rg BT 494.34 86.05 Td (third ) Tj ET Q q 0 0 0 rg BT 511.45 86.05 Td (parties.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 76.45 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 76.45 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 112.72 76.45 Td (char) Tj ET Q q 0 0 0 rg BT 126.34 76.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 138.17 76.45 Td (consist ) Tj ET Q q 0 0 0 rg BT 161.57 76.45 Td (of ) Tj ET Q q 0 0 0 rg BT 169.40 76.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 196.34 76.45 Td (for ) Tj ET Q q 0 0 0 rg BT 206.84 76.45 Td (severance, ) Tj ET Q q 0 0 0 rg BT 241.54 76.45 Td (contract ) Tj ET Q q 0 0 0 rg BT 268.47 76.45 Td (termination ) Tj ET Q q 0 0 0 rg BT 306.52 76.45 Td (and ) Tj ET Q q 0 0 0 rg BT 319.24 76.45 Td (other ) Tj ET Q q 0 0 0 rg BT 336.85 76.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 378.90 76.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 396.07 76.45 Td (that ) Tj ET Q q 0 0 0 rg BT 409.24 76.45 Td (management ) Tj ET Q q 0 0 0 rg BT 451.28 76.45 Td (does ) Tj ET Q q 0 0 0 rg BT 467.11 76.45 Td (not ) Tj ET Q q 0 0 0 rg BT 478.51 76.45 Td (include ) Tj ET Q q 0 0 0 rg BT 503.22 76.45 Td (in ) Tj ET Q q 0 0 0 rg BT 510.62 76.45 Td (its ) Tj ET Q q 0 0 0 rg BT 519.35 76.45 Td (measurement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 66.85 Td (of ) Tj ET Q q 0 0 0 rg BT 76.74 66.85 Td (the ) Tj ET Q q 0 0 0 rg BT 88.58 66.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 131.08 66.85 Td (of ) Tj ET Q q 0 0 0 rg BT 139.81 66.85 Td (the ) Tj ET Q q 0 0 0 rg BT 151.66 66.85 Td (reportable ) Tj ET Q q 0 0 0 rg BT 186.16 66.85 Td (segments. ) Tj ET Q q 0 0 0 rg BT 220.00 66.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 240.29 66.85 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 278.79 66.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 309.74 66.85 Td (consist ) Tj ET Q q 0 0 0 rg BT 334.04 66.85 Td (of ) Tj ET Q q 0 0 0 rg BT 342.77 66.85 Td (asset ) Tj ET Q q 0 0 0 rg BT 360.40 66.85 Td (impairments ) Tj ET Q q 0 0 0 rg BT 402.46 66.85 Td (and ) Tj ET Q q 0 0 0 rg BT 416.09 66.85 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 454.13 66.85 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 497.73 66.85 Td (net ) Tj ET Q q 0 0 0 rg BT 509.58 66.85 Td (of ) Tj ET Q q 0 0 0 rg BT 518.32 66.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 537.28 66.85 Td (on ) Tj ET Q q 0 0 0 rg BT 547.35 66.85 Td (exit-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 57.25 Td (related ) Tj ET Q q 0 0 0 rg BT 91.76 57.25 Td (disposals, ) Tj ET Q q 0 0 0 rg BT 125.10 57.25 Td (related ) Tj ET Q q 0 0 0 rg BT 148.86 57.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.08 57.25 Td (site ) Tj ET Q q 0 0 0 rg BT 170.19 57.25 Td (closures.) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (32) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (\(5\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 743.50 Td (Intercompany ) Tj ET Q q 0 0 0 rg BT 114.38 743.50 Td (profits ) Tj ET Q q 0 0 0 rg BT 137.22 743.50 Td (are ) Tj ET Q q 0 0 0 rg BT 148.94 743.50 Td (not ) Tj ET Q q 0 0 0 rg BT 161.12 743.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 198.16 743.50 Td (until ) Tj ET Q q 0 0 0 rg BT 214.78 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 226.51 743.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 254.24 743.50 Td (products ) Tj ET Q q 0 0 0 rg BT 283.74 743.50 Td (are ) Tj ET Q q 0 0 0 rg BT 295.46 743.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 310.75 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 318.93 743.50 Td (third ) Tj ET Q q 0 0 0 rg BT 335.99 743.50 Td (parties; ) Tj ET Q q 0 0 0 rg BT 361.49 743.50 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 394.32 743.50 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 440.25 743.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 459.98 743.50 Td (is ) Tj ET Q q 0 0 0 rg BT 467.27 743.50 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 502.99 743.50 Td (while ) Tj ET Q q 0 0 0 rg BT 522.72 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 534.45 743.50 Td (products ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 733.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 92.21 733.90 Td (in ) Tj ET Q q 0 0 0 rg BT 100.43 733.90 Td (inventory) Tj ET Q q 0 0 0 rg BT 130.57 733.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 709.90 Td (Revenues) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 690.5669921875 m 77.4951171875 690.5669921875 l s q 0 0 0 rg BT 50.00 691.90 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 690.5669921875 m 97.4951171875 690.5669921875 l s q 0 0 0 rg BT 77.50 691.90 Td (2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 690.5669921875 m 186.005859375 690.5669921875 l s q 0 0 0 rg BT 97.50 691.90 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 691.90 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 690.5669921875 m 206.005859375 690.5669921875 l s q 0 0 0 rg BT 186.01 691.90 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 691.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.98 673.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 142.72 673.90 Td (for ) Tj ET Q q 0 0 0 rg BT 156.58 673.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.44 673.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.44 673.90 Td ( ) Tj ET Q q 0 0 0 rg BT 202.65 673.90 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.28 673.90 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 243.99 673.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 673.90 Td (, ) Tj ET Q q 0 0 0 rg BT 274.80 673.90 Td (a ) Tj ET Q q 0 0 0 rg BT 281.45 673.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 318.07 673.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 673.90 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.93 673.90 Td ( ) Tj ET Q q 0 0 0 rg BT 349.14 673.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 390.76 673.90 Td (to ) Tj ET Q q 0 0 0 rg BT 400.75 673.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.17 673.90 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 434.87 673.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.99 673.90 Td ( ) Tj ET Q q 0 0 0 rg BT 463.19 673.90 Td (of ) Tj ET Q q 0 0 0 rg BT 473.73 673.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 526.47 673.90 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.90 Td (for ) Tj ET Q q 0 0 0 rg BT 63.75 661.90 Td (the ) Tj ET Q q 0 0 0 rg BT 78.06 661.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 99.58 661.90 Td (year) Tj ET Q q 0 0 0 rg BT 116.24 661.90 Td (. ) Tj ET Q q 0 0 0 rg BT 120.37 661.90 Td (After ) Tj ET Q q 0 0 0 rg BT 143.56 661.90 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 197.29 661.90 Td (sharp ) Tj ET Q q 0 0 0 rg BT 221.04 661.90 Td (declines ) Tj ET Q q 0 0 0 rg BT 255.89 661.90 Td (in ) Tj ET Q q 0 0 0 rg BT 265.76 661.90 Td (the ) Tj ET Q q 0 0 0 rg BT 280.07 661.90 Td (first ) Tj ET Q q 0 0 0 rg BT 298.26 661.90 Td (half ) Tj ET Q q 0 0 0 rg BT 315.90 661.90 Td (of ) Tj ET Q q 0 0 0 rg BT 326.32 661.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 350.07 661.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 374.66 661.90 Td (net ) Tj ET Q q 0 0 0 rg BT 388.96 661.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 417.72 661.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 443.68 661.90 Td (for ) Tj ET Q q 0 0 0 rg BT 457.43 661.90 Td (shipments ) Tj ET Q q 0 0 0 rg BT 500.08 661.90 Td (of ) Tj ET Q q 0 0 0 rg BT 510.50 661.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 540.91 661.90 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.65 649.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 114.84 649.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 167.26 649.90 Td (during ) Tj ET Q q 0 0 0 rg BT 195.81 649.90 Td (the ) Tj ET Q q 0 0 0 rg BT 210.46 649.90 Td (third ) Tj ET Q q 0 0 0 rg BT 231.78 649.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 262.53 649.90 Td (of ) Tj ET Q q 0 0 0 rg BT 273.30 649.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 297.39 649.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 322.32 649.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 361.97 649.90 Td (due ) Tj ET Q q 0 0 0 rg BT 378.85 649.90 Td (to ) Tj ET Q q 0 0 0 rg BT 389.06 649.90 Td (improved ) Tj ET Q q 0 0 0 rg BT 429.82 649.90 Td (demand, ) Tj ET Q q 0 0 0 rg BT 466.41 649.90 Td (before ) Tj ET Q q 0 0 0 rg BT 494.38 649.90 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 539.57 649.90 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 649.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.90 Td (fourth ) Tj ET Q q 0 0 0 rg BT 76.90 637.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 107.68 637.90 Td (and ) Tj ET Q q 0 0 0 rg BT 124.58 637.90 Td (returning ) Tj ET Q q 0 0 0 rg BT 163.69 637.90 Td (to ) Tj ET Q q 0 0 0 rg BT 173.93 637.90 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 637.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 214.39 637.90 Td (seen ) Tj ET Q q 0 0 0 rg BT 234.62 637.90 Td (at ) Tj ET Q q 0 0 0 rg BT 244.30 637.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.98 637.90 Td (beginning ) Tj ET Q q 0 0 0 rg BT 301.44 637.90 Td (of ) Tj ET Q q 0 0 0 rg BT 312.23 637.90 Td (the ) Tj ET Q q 0 0 0 rg BT 326.90 637.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 351.02 637.90 Td (year) Tj ET Q q 0 0 0 rg BT 367.68 637.90 Td (. ) Tj ET Q q 0 0 0 rg BT 372.64 637.90 Td (Overall ) Tj ET Q q 0 0 0 rg BT 405.08 637.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 439.20 637.90 Td (for ) Tj ET Q q 0 0 0 rg BT 453.32 637.90 Td (recycled ) Tj ET Q q 0 0 0 rg BT 489.64 637.90 Td (metals ) Tj ET Q q 0 0 0 rg BT 518.21 637.90 Td (in ) Tj ET Q q 0 0 0 rg BT 528.45 637.90 Td (our ) Tj ET Q q 0 0 0 rg BT 544.24 637.90 Td (end-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 84.58 625.90 Td (was ) Tj ET Q q 0 0 0 rg BT 103.06 625.90 Td (weaker ) Tj ET Q q 0 0 0 rg BT 134.86 625.90 Td (than ) Tj ET Q q 0 0 0 rg BT 155.00 625.90 Td (in ) Tj ET Q q 0 0 0 rg BT 165.71 625.90 Td (the ) Tj ET Q q 0 0 0 rg BT 180.85 625.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 203.22 625.90 Td (year ) Tj ET Q q 0 0 0 rg BT 223.35 625.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 263.49 625.90 Td (due ) Tj ET Q q 0 0 0 rg BT 280.85 625.90 Td (to ) Tj ET Q q 0 0 0 rg BT 291.56 625.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 333.92 625.90 Td (low ) Tj ET Q q 0 0 0 rg BT 351.85 625.90 Td (global ) Tj ET Q q 0 0 0 rg BT 379.77 625.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 421.57 625.90 Td (growth, ) Tj ET Q q 0 0 0 rg BT 455.33 625.90 Td (the ) Tj ET Q q 0 0 0 rg BT 470.47 625.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 503.38 625.90 Td (strength ) Tj ET Q q 0 0 0 rg BT 538.52 625.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 625.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.20 613.90 Td (dollar ) Tj ET Q q 0 0 0 rg BT 95.94 613.90 Td (and ) Tj ET Q q 0 0 0 rg BT 112.80 613.90 Td (the ) Tj ET Q q 0 0 0 rg BT 127.43 613.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 157.06 613.90 Td (of ) Tj ET Q q 0 0 0 rg BT 167.81 613.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 192.99 613.90 Td (iron ) Tj ET Q q 0 0 0 rg BT 211.52 613.90 Td (ore ) Tj ET Q q 0 0 0 rg BT 226.70 613.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 253.00 613.90 Td (during ) Tj ET Q q 0 0 0 rg BT 281.52 613.90 Td (most ) Tj ET Q q 0 0 0 rg BT 303.39 613.90 Td (of ) Tj ET Q q 0 0 0 rg BT 314.14 613.90 Td (the ) Tj ET Q q 0 0 0 rg BT 328.77 613.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 352.84 613.90 Td (year) Tj ET Q q 0 0 0 rg BT 369.50 613.90 Td (. ) Tj ET Q q 0 0 0 rg BT 374.24 613.90 Td (This ) Tj ET Q q 0 0 0 rg BT 394.43 613.90 Td (resulted ) Tj ET Q q 0 0 0 rg BT 428.51 613.90 Td (in ) Tj ET Q q 0 0 0 rg BT 438.70 613.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 491.11 613.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 516.29 613.90 Td (average ) Tj ET Q q 0 0 0 rg BT 549.80 613.90 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 78.26 601.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 103.72 601.90 Td (for ) Tj ET Q q 0 0 0 rg BT 116.97 601.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 146.89 601.90 Td (and ) Tj ET Q q 0 0 0 rg BT 162.92 601.90 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 207.83 601.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 230.52 601.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 254.32 601.90 Td (and ) Tj ET Q q 0 0 0 rg BT 270.35 601.90 Td (finished ) Tj ET Q q 0 0 0 rg BT 304.16 601.90 Td (steel ) Tj ET Q q 0 0 0 rg BT 324.07 601.90 Td (products, ) Tj ET Q q 0 0 0 rg BT 362.60 601.90 Td (and ) Tj ET Q q 0 0 0 rg BT 378.63 601.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 411.87 601.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 432.90 601.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 468.37 601.90 Td (in ) Tj ET Q q 0 0 0 rg BT 477.74 601.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 500.99 601.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.58 601.90 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.90 Td (to ) Tj ET Q q 0 0 0 rg BT 60.86 589.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.16 589.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 98.68 589.90 Td (year) Tj ET Q q 0 0 0 rg BT 115.34 589.90 Td (. ) Tj ET Q q 0 0 0 rg BT 120.24 589.90 Td (A) Tj ET Q q 0 0 0 rg BT 126.72 589.90 Td (verage ) Tj ET Q q 0 0 0 rg BT 156.45 589.90 Td (net ) Tj ET Q q 0 0 0 rg BT 171.75 589.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 201.49 589.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 228.45 589.90 Td (for ) Tj ET Q q 0 0 0 rg BT 243.19 589.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 274.60 589.90 Td (and ) Tj ET Q q 0 0 0 rg BT 292.12 589.90 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 338.52 589.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 362.70 589.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 388.00 589.90 Td (in ) Tj ET Q q 0 0 0 rg BT 398.86 589.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 423.60 589.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 446.68 589.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 489.17 589.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.26 589.90 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.59 589.90 Td ( ) Tj ET Q q 0 0 0 rg BT 523.67 589.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.19 589.90 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 589.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 577.90 Td (, ) Tj ET Q q 0 0 0 rg BT 104.06 577.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 147.38 577.90 Td (to ) Tj ET Q q 0 0 0 rg BT 159.05 577.90 Td (the ) Tj ET Q q 0 0 0 rg BT 175.16 577.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 198.50 577.90 Td (year) Tj ET Q q 0 0 0 rg BT 215.15 577.90 Td (. ) Tj ET Q q 0 0 0 rg BT 221.55 577.90 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 255.99 577.90 Td (and ) Tj ET Q q 0 0 0 rg BT 274.33 577.90 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 321.54 577.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 344.88 577.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 382.66 577.90 Td (in ) Tj ET Q q 0 0 0 rg BT 394.33 577.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 419.88 577.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 443.78 577.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 487.09 577.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.99 577.90 Td (1) Tj ET Q q 0 0 0 rg BT 505.61 577.90 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.94 577.90 Td ( ) Tj ET Q q 0 0 0 rg BT 522.84 577.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.17 577.90 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 577.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 565.90 Td (, ) Tj ET Q q 0 0 0 rg BT 103.18 565.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 145.62 565.90 Td (to ) Tj ET Q q 0 0 0 rg BT 156.42 565.90 Td (the ) Tj ET Q q 0 0 0 rg BT 171.66 565.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 194.11 565.90 Td (year) Tj ET Q q 0 0 0 rg BT 210.77 565.90 Td (. ) Tj ET Q q 0 0 0 rg BT 216.29 565.90 Td (Demand ) Tj ET Q q 0 0 0 rg BT 253.18 565.90 Td (for ) Tj ET Q q 0 0 0 rg BT 267.86 565.90 Td (our ) Tj ET Q q 0 0 0 rg BT 284.21 565.90 Td (finished ) Tj ET Q q 0 0 0 rg BT 319.45 565.90 Td (steel ) Tj ET Q q 0 0 0 rg BT 340.79 565.90 Td (products ) Tj ET Q q 0 0 0 rg BT 378.25 565.90 Td (was ) Tj ET Q q 0 0 0 rg BT 396.82 565.90 Td (also ) Tj ET Q q 0 0 0 rg BT 415.95 565.90 Td (weaker ) Tj ET Q q 0 0 0 rg BT 447.83 565.90 Td (than ) Tj ET Q q 0 0 0 rg BT 468.07 565.90 Td (in ) Tj ET Q q 0 0 0 rg BT 478.87 565.90 Td (the ) Tj ET Q q 0 0 0 rg BT 494.10 565.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 516.56 565.90 Td (year ) Tj ET Q q 0 0 0 rg BT 536.79 565.90 Td (due ) Tj ET Q q 0 0 0 rg BT 554.24 565.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.25 553.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 140.52 553.90 Td (from ) Tj ET Q q 0 0 0 rg BT 162.46 553.90 Td (lower) Tj ET Q q 0 0 0 rg BT 185.03 553.90 Td (-priced ) Tj ET Q q 0 0 0 rg BT 215.84 553.90 Td (imports. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 531.5669921875 m 208.505859375 531.5669921875 l s q 0 0 0 rg BT 50.00 532.90 Td (Fiscal 2015 compar) Tj ET Q q 0 0 0 rg BT 130.18 532.90 Td (ed with fiscal 2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.74 514.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.25 514.90 Td (for ) Tj ET Q q 0 0 0 rg BT 158.88 514.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 183.51 514.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 206.48 514.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 248.87 514.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 289.05 514.90 Td (due ) Tj ET Q q 0 0 0 rg BT 306.46 514.90 Td (to ) Tj ET Q q 0 0 0 rg BT 317.21 514.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 370.17 514.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 395.91 514.90 Td (average ) Tj ET Q q 0 0 0 rg BT 429.97 514.90 Td (net ) Tj ET Q q 0 0 0 rg BT 445.15 514.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 474.79 514.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 501.64 514.90 Td (for ) Tj ET Q q 0 0 0 rg BT 516.27 514.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 547.56 514.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.90 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 95.61 502.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 119.00 502.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 143.51 502.90 Td (and ) Tj ET Q q 0 0 0 rg BT 160.24 502.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 194.18 502.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 215.91 502.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 252.09 502.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 293.80 502.90 Td (to ) Tj ET Q q 0 0 0 rg BT 303.87 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 318.38 502.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 340.11 502.90 Td (year) Tj ET Q q 0 0 0 rg BT 356.77 502.90 Td (. ) Tj ET Q q 0 0 0 rg BT 361.56 502.90 Td (Export ) Tj ET Q q 0 0 0 rg BT 391.07 502.90 Td (net ) Tj ET Q q 0 0 0 rg BT 405.58 502.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 434.54 502.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 460.71 502.90 Td (for ) Tj ET Q q 0 0 0 rg BT 474.66 502.90 Td (shipments ) Tj ET Q q 0 0 0 rg BT 517.51 502.90 Td (of ) Tj ET Q q 0 0 0 rg BT 528.13 502.90 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 83.02 490.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 109.93 490.90 Td (experienced ) Tj ET Q q 0 0 0 rg BT 162.93 490.90 Td (multiple ) Tj ET Q q 0 0 0 rg BT 200.96 490.90 Td (sharp ) Tj ET Q q 0 0 0 rg BT 227.32 490.90 Td (declines ) Tj ET Q q 0 0 0 rg BT 264.78 490.90 Td (throughout ) Tj ET Q q 0 0 0 rg BT 313.36 490.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 339.72 490.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 366.92 490.90 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 414.37 490.90 Td (by ) Tj ET Q q 0 0 0 rg BT 429.07 490.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 491.53 490.90 Td ($150 ) Tj ET Q q 0 0 0 rg BT 516.23 490.90 Td (per ) Tj ET Q q 0 0 0 rg BT 533.69 490.90 Td (ton, ) Tj ET Q q 0 0 0 rg BT 553.67 490.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.10 478.90 Td (40%, ) Tj ET Q q 0 0 0 rg BT 133.27 478.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 175.03 478.90 Td (to ) Tj ET Q q 0 0 0 rg BT 185.15 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 199.71 478.90 Td (end ) Tj ET Q q 0 0 0 rg BT 216.49 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 227.16 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 241.72 478.90 Td (fourth ) Tj ET Q q 0 0 0 rg BT 268.49 478.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 299.15 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 309.82 478.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 333.82 478.90 Td (2014. ) Tj ET Q q 0 0 0 rg BT 358.49 478.90 Td (The ) Tj ET Q q 0 0 0 rg BT 376.37 478.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 413.13 478.90 Td (in ) Tj ET Q q 0 0 0 rg BT 423.25 478.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 453.91 478.90 Td (and ) Tj ET Q q 0 0 0 rg BT 470.69 478.90 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 516.35 478.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 539.79 478.90 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.26 466.90 Td (were ) Tj ET Q q 0 0 0 rg BT 98.07 466.90 Td (driven ) Tj ET Q q 0 0 0 rg BT 126.00 466.90 Td (by ) Tj ET Q q 0 0 0 rg BT 138.38 466.90 Td (weaker ) Tj ET Q q 0 0 0 rg BT 169.63 466.90 Td (global ) Tj ET Q q 0 0 0 rg BT 197.01 466.90 Td (steel ) Tj ET Q q 0 0 0 rg BT 217.71 466.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 251.75 466.90 Td (due ) Tj ET Q q 0 0 0 rg BT 268.57 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 278.73 466.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 307.21 466.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 342.90 466.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.72 466.90 Td (overproduction, ) Tj ET Q q 0 0 0 rg BT 425.70 466.90 Td (a ) Tj ET Q q 0 0 0 rg BT 432.52 466.90 Td (further ) Tj ET Q q 0 0 0 rg BT 462.11 466.90 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 518.92 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 529.64 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 544.23 466.90 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.90 Td (dollar ) Tj ET Q q 0 0 0 rg BT 75.48 454.90 Td (during ) Tj ET Q q 0 0 0 rg BT 103.74 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 118.10 454.90 Td (year) Tj ET Q q 0 0 0 rg BT 134.91 454.90 Td (, ) Tj ET Q q 0 0 0 rg BT 139.56 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.93 454.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 183.29 454.90 Td (of ) Tj ET Q q 0 0 0 rg BT 193.77 454.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 218.69 454.90 Td (iron ) Tj ET Q q 0 0 0 rg BT 236.95 454.90 Td (ore ) Tj ET Q q 0 0 0 rg BT 251.87 454.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 277.90 454.90 Td (on ) Tj ET Q q 0 0 0 rg BT 290.05 454.90 Td (market ) Tj ET Q q 0 0 0 rg BT 319.96 454.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 363.78 454.90 Td (for ) Tj ET Q q 0 0 0 rg BT 377.59 454.90 Td (recycled ) Tj ET Q q 0 0 0 rg BT 413.60 454.90 Td (metals ) Tj ET Q q 0 0 0 rg BT 441.86 454.90 Td (and ) Tj ET Q q 0 0 0 rg BT 458.45 454.90 Td (weaker ) Tj ET Q q 0 0 0 rg BT 489.47 454.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 523.27 454.90 Td (in ) Tj ET Q q 0 0 0 rg BT 533.20 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 547.57 454.90 Td (end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 83.40 442.90 Td (to ) Tj ET Q q 0 0 0 rg BT 92.93 442.90 Td (which ) Tj ET Q q 0 0 0 rg BT 119.11 442.90 Td (we ) Tj ET Q q 0 0 0 rg BT 132.52 442.90 Td (sell. ) Tj ET Q q 0 0 0 rg BT 150.65 442.90 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 190.73 442.90 Td (net ) Tj ET Q q 0 0 0 rg BT 204.69 442.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 233.10 442.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 258.73 442.90 Td (for ) Tj ET Q q 0 0 0 rg BT 272.13 442.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 302.20 442.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 326.16 442.90 Td (also ) Tj ET Q q 0 0 0 rg BT 344.02 442.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 385.18 442.90 Td (sharply ) Tj ET Q q 0 0 0 rg BT 416.36 442.90 Td (during ) Tj ET Q q 0 0 0 rg BT 444.22 442.90 Td (the ) Tj ET Q q 0 0 0 rg BT 458.18 442.90 Td (year) Tj ET Q q 0 0 0 rg BT 474.84 442.90 Td (. ) Tj ET Q q 0 0 0 rg BT 479.08 442.90 Td (Lower ) Tj ET Q q 0 0 0 rg BT 506.93 442.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 528.12 442.90 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.90 Td (of ) Tj ET Q q 0 0 0 rg BT 61.14 430.90 Td (recycled ) Tj ET Q q 0 0 0 rg BT 97.81 430.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 121.71 430.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 146.73 430.90 Td (by ) Tj ET Q q 0 0 0 rg BT 158.92 430.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 184.51 430.90 Td (were ) Tj ET Q q 0 0 0 rg BT 206.74 430.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 246.76 430.90 Td (due ) Tj ET Q q 0 0 0 rg BT 264.01 430.90 Td (to ) Tj ET Q q 0 0 0 rg BT 274.59 430.90 Td (a ) Tj ET Q q 0 0 0 rg BT 281.84 430.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 334.63 430.90 Td (of ) Tj ET Q q 0 0 0 rg BT 345.77 430.90 Td (weaker ) Tj ET Q q 0 0 0 rg BT 377.44 430.90 Td (export ) Tj ET Q q 0 0 0 rg BT 405.80 430.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 440.26 430.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 460.00 430.90 Td (to ) Tj ET Q q 0 0 0 rg BT 470.59 430.90 Td (a ) Tj ET Q q 0 0 0 rg BT 477.83 430.90 Td (lesser ) Tj ET Q q 0 0 0 rg BT 503.41 430.90 Td (extent, ) Tj ET Q q 0 0 0 rg BT 533.15 430.90 Td (weaker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.90 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.56 418.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 122.67 418.90 Td (and ) Tj ET Q q 0 0 0 rg BT 139.57 418.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 189.79 418.90 Td (for ) Tj ET Q q 0 0 0 rg BT 203.91 418.90 Td (available ) Tj ET Q q 0 0 0 rg BT 242.45 418.90 Td (raw ) Tj ET Q q 0 0 0 rg BT 259.90 418.90 Td (materials ) Tj ET Q q 0 0 0 rg BT 299.00 418.90 Td (including ) Tj ET Q q 0 0 0 rg BT 339.23 418.90 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 384.44 418.90 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 422.16 418.90 Td (which ) Tj ET Q q 0 0 0 rg BT 449.06 418.90 Td (were ) Tj ET Q q 0 0 0 rg BT 470.94 418.90 Td (only ) Tj ET Q q 0 0 0 rg BT 491.18 418.90 Td (partially ) Tj ET Q q 0 0 0 rg BT 526.95 418.90 Td (of) Tj ET Q q 0 0 0 rg BT 535.10 418.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 552.00 418.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 77.47 406.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 98.84 406.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 134.66 406.90 Td (of ) Tj ET Q q 0 0 0 rg BT 144.91 406.90 Td (finished ) Tj ET Q q 0 0 0 rg BT 179.06 406.90 Td (steel ) Tj ET Q q 0 0 0 rg BT 199.31 406.90 Td (products ) Tj ET Q q 0 0 0 rg BT 235.68 406.90 Td (at ) Tj ET Q q 0 0 0 rg BT 244.82 406.90 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 270.37 406.90 Td (In ) Tj ET Q q 0 0 0 rg BT 280.63 406.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 304.21 406.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 328.64 406.90 Td (we ) Tj ET Q q 0 0 0 rg BT 342.23 406.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 381.91 406.90 Td (the ) Tj ET Q q 0 0 0 rg BT 396.05 406.90 Td (share ) Tj ET Q q 0 0 0 rg BT 419.08 406.90 Td (of ) Tj ET Q q 0 0 0 rg BT 429.34 406.90 Td (domestic ) Tj ET Q q 0 0 0 rg BT 467.37 406.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 488.74 406.90 Td (of ) Tj ET Q q 0 0 0 rg BT 498.99 406.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 529.24 406.90 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.90 Td (due ) Tj ET Q q 0 0 0 rg BT 66.94 394.90 Td (to ) Tj ET Q q 0 0 0 rg BT 77.22 394.90 Td (relatively ) Tj ET Q q 0 0 0 rg BT 117.48 394.90 Td (stronger ) Tj ET Q q 0 0 0 rg BT 152.74 394.90 Td (domestic ) Tj ET Q q 0 0 0 rg BT 191.35 394.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 225.50 394.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 267.43 394.90 Td (to ) Tj ET Q q 0 0 0 rg BT 277.71 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 292.42 394.90 Td (export ) Tj ET Q q 0 0 0 rg BT 320.47 394.90 Td (market. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 376.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 376.90 Td (Income ) Tj ET Q q 0 0 0 rg BT 127.78 376.90 Td (\(Loss\)) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 357.5669921875 m 77.4951171875 357.5669921875 l s q 0 0 0 rg BT 50.00 358.90 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 357.5669921875 m 97.4951171875 357.5669921875 l s q 0 0 0 rg BT 77.50 358.90 Td (2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 357.5669921875 m 186.005859375 357.5669921875 l s q 0 0 0 rg BT 97.50 358.90 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 358.90 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 358.90 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 358.90 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 358.90 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 357.5669921875 m 206.005859375 357.5669921875 l s q 0 0 0 rg BT 186.01 358.90 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 358.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 106.05 340.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.08 340.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.92 340.90 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.74 340.90 Td ($8 ) Tj ET Q q 0 0 0 rg BT 198.02 340.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.91 340.90 Td ( ) Tj ET Q q 0 0 0 rg BT 230.18 340.90 Td (in ) Tj ET Q q 0 0 0 rg BT 241.23 340.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.16 340.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.16 340.90 Td (, ) Tj ET Q q 0 0 0 rg BT 291.93 340.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 334.63 340.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.68 340.90 Td ($196 ) Tj ET Q q 0 0 0 rg BT 368.95 340.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.84 340.90 Td ( ) Tj ET Q q 0 0 0 rg BT 401.12 340.90 Td (in ) Tj ET Q q 0 0 0 rg BT 412.17 340.90 Td (the ) Tj ET Q q 0 0 0 rg BT 427.66 340.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 450.37 340.90 Td (year) Tj ET Q q 0 0 0 rg BT 467.03 340.90 Td (. ) Tj ET Q q 0 0 0 rg BT 472.08 340.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 511.46 340.90 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.36 328.90 Td (income ) Tj ET Q q 0 0 0 rg BT 122.39 328.90 Td (in ) Tj ET Q q 0 0 0 rg BT 132.77 328.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.02 328.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.02 328.90 Td ( ) Tj ET Q q 0 0 0 rg BT 179.62 328.90 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.77 328.90 Td ($28 ) Tj ET Q q 0 0 0 rg BT 215.37 328.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.26 328.90 Td (, ) Tj ET Q q 0 0 0 rg BT 249.36 328.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 291.38 328.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 328.90 Td ($1) Tj ET Q q 0 0 0 rg BT 311.38 328.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 318.98 328.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.87 328.90 Td ( ) Tj ET Q q 0 0 0 rg BT 350.47 328.90 Td (in ) Tj ET Q q 0 0 0 rg BT 360.84 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 375.66 328.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 397.70 328.90 Td (year) Tj ET Q q 0 0 0 rg BT 414.35 328.90 Td (. ) Tj ET Q q 0 0 0 rg BT 418.88 328.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 457.58 328.90 Td (results ) Tj ET Q q 0 0 0 rg BT 486.29 328.90 Td (exclude ) Tj ET Q q 0 0 0 rg BT 519.98 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 328.90 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.90 Td (of ) Tj ET Q q 0 0 0 rg BT 61.20 316.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 99.62 316.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 148.59 316.90 Td (char) Tj ET Q q 0 0 0 rg BT 165.61 316.90 Td (ges, ) Tj ET Q q 0 0 0 rg BT 184.31 316.90 Td (other ) Tj ET Q q 0 0 0 rg BT 207.73 316.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 230.03 316.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 279.00 316.90 Td (char) Tj ET Q q 0 0 0 rg BT 296.03 316.90 Td (ges, ) Tj ET Q q 0 0 0 rg BT 314.72 316.90 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 368.69 316.90 Td (char) Tj ET Q q 0 0 0 rg BT 385.71 316.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 401.91 316.90 Td (and ) Tj ET Q q 0 0 0 rg BT 419.22 316.90 Td (other ) Tj ET Q q 0 0 0 rg BT 442.63 316.90 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 491.02 316.90 Td (activities, ) Tj ET Q q 0 0 0 rg BT 532.49 316.90 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 316.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 80.45 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 92.02 304.90 Td (reselling ) Tj ET Q q 0 0 0 rg BT 129.69 304.90 Td (or ) Tj ET Q q 0 0 0 rg BT 141.25 304.90 Td (modifying ) Tj ET Q q 0 0 0 rg BT 186.16 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.61 304.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 227.07 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 238.63 304.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 269.07 304.90 Td (previously ) Tj ET Q q 0 0 0 rg BT 314.53 304.90 Td (contracted ) Tj ET Q q 0 0 0 rg BT 359.40 304.90 Td (bulk ) Tj ET Q q 0 0 0 rg BT 380.42 304.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 411.98 304.90 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 458.27 304.90 Td (net ) Tj ET Q q 0 0 0 rg BT 473.73 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 485.29 304.90 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 532.11 304.90 Td (See ) Tj ET Q q 0 0 0 rg BT 549.79 304.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.90 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 107.48 292.90 Td (of ) Tj ET Q q 0 0 0 rg BT 118.31 292.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 154.13 292.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 194.39 292.90 Td (income ) Tj ET Q q 0 0 0 rg BT 226.33 292.90 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 251.05 292.90 Td (in ) Tj ET Q q 0 0 0 rg BT 261.33 292.90 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 308.74 292.90 Td ( ) Tj ET Q q 0 0 0 rg BT 311.24 292.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 350.95 292.90 Td (Measures ) Tj ET Q q 0 0 0 rg BT 391.77 292.90 Td (at ) Tj ET Q q 0 0 0 rg BT 401.48 292.90 Td (the ) Tj ET Q q 0 0 0 rg BT 416.20 292.90 Td (end ) Tj ET Q q 0 0 0 rg BT 433.14 292.90 Td (of ) Tj ET Q q 0 0 0 rg BT 443.97 292.90 Td (this ) Tj ET Q q 0 0 0 rg BT 460.92 292.90 Td (Item ) Tj ET Q q 0 0 0 rg BT 481.74 292.90 Td (7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.93 271.90 Td (results ) Tj ET Q q 0 0 0 rg BT 119.98 271.90 Td (for ) Tj ET Q q 0 0 0 rg BT 133.58 271.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 157.18 271.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 179.12 271.90 Td (and ) Tj ET Q q 0 0 0 rg BT 195.50 271.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 217.44 271.90 Td (were ) Tj ET Q q 0 0 0 rg BT 238.82 271.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 279.07 271.90 Td (impacted ) Tj ET Q q 0 0 0 rg BT 317.67 271.90 Td (by ) Tj ET Q q 0 0 0 rg BT 329.61 271.90 Td (the ) Tj ET Q q 0 0 0 rg BT 343.77 271.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 368.48 271.90 Td (price ) Tj ET Q q 0 0 0 rg BT 390.41 271.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 442.89 271.90 Td (which ) Tj ET Q q 0 0 0 rg BT 469.27 271.90 Td (included ) Tj ET Q q 0 0 0 rg BT 505.65 271.90 Td (sharp ) Tj ET Q q 0 0 0 rg BT 529.25 271.90 Td (declines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.90 Td (in ) Tj ET Q q 0 0 0 rg BT 60.04 259.90 Td (commodity ) Tj ET Q q 0 0 0 rg BT 107.85 259.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 136.78 259.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 162.92 259.90 Td (during ) Tj ET Q q 0 0 0 rg BT 191.28 259.90 Td (the ) Tj ET Q q 0 0 0 rg BT 205.76 259.90 Td (first ) Tj ET Q q 0 0 0 rg BT 224.13 259.90 Td (half ) Tj ET Q q 0 0 0 rg BT 241.94 259.90 Td (of ) Tj ET Q q 0 0 0 rg BT 252.53 259.90 Td (each ) Tj ET Q q 0 0 0 rg BT 273.11 259.90 Td (year) Tj ET Q q 0 0 0 rg BT 289.76 259.90 Td (. ) Tj ET Q q 0 0 0 rg BT 294.36 259.90 Td (W) Tj ET Q q 0 0 0 rg BT 303.00 259.90 Td (e ) Tj ET Q q 0 0 0 rg BT 309.69 259.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 345.27 259.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 385.30 259.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 411.45 259.90 Td (in ) Tj ET Q q 0 0 0 rg BT 421.49 259.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 445.40 259.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 467.66 259.90 Td (and ) Tj ET Q q 0 0 0 rg BT 484.36 259.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 506.62 259.90 Td (driven ) Tj ET Q q 0 0 0 rg BT 534.43 259.90 Td (lar) Tj ET Q q 0 0 0 rg BT 544.80 259.90 Td (gely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.90 Td (by ) Tj ET Q q 0 0 0 rg BT 63.23 247.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 85.91 247.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 135.24 247.90 Td (char) Tj ET Q q 0 0 0 rg BT 152.27 247.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 168.83 247.90 Td (and ) Tj ET Q q 0 0 0 rg BT 186.50 247.90 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 240.83 247.90 Td (char) Tj ET Q q 0 0 0 rg BT 257.86 247.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 274.42 247.90 Td (and ) Tj ET Q q 0 0 0 rg BT 292.09 247.90 Td (other ) Tj ET Q q 0 0 0 rg BT 315.87 247.90 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 364.63 247.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 403.97 247.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 442.18 247.90 Td (in ) Tj ET Q q 0 0 0 rg BT 453.19 247.90 Td (each ) Tj ET Q q 0 0 0 rg BT 474.74 247.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 499.63 247.90 Td (year) Tj ET Q q 0 0 0 rg BT 516.28 247.90 Td (. ) Tj ET Q q 0 0 0 rg BT 522.02 247.90 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.90 Td (results ) Tj ET Q q 0 0 0 rg BT 78.72 235.90 Td (in ) Tj ET Q q 0 0 0 rg BT 89.11 235.90 Td (the ) Tj ET Q q 0 0 0 rg BT 103.94 235.90 Td (second ) Tj ET Q q 0 0 0 rg BT 134.32 235.90 Td (half ) Tj ET Q q 0 0 0 rg BT 152.48 235.90 Td (of ) Tj ET Q q 0 0 0 rg BT 163.42 235.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 187.68 235.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 210.29 235.90 Td (benefited ) Tj ET Q q 0 0 0 rg BT 250.11 235.90 Td (from ) Tj ET Q q 0 0 0 rg BT 272.16 235.90 Td (an ) Tj ET Q q 0 0 0 rg BT 284.21 235.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 319.57 235.90 Td (in ) Tj ET Q q 0 0 0 rg BT 329.96 235.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 360.89 235.90 Td (average ) Tj ET Q q 0 0 0 rg BT 394.59 235.90 Td (net ) Tj ET Q q 0 0 0 rg BT 409.42 235.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 438.69 235.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 465.18 235.90 Td (after ) Tj ET Q q 0 0 0 rg BT 486.11 235.90 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 540.36 235.90 Td (sharp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.90 Td (declines ) Tj ET Q q 0 0 0 rg BT 85.77 223.90 Td (during ) Tj ET Q q 0 0 0 rg BT 114.89 223.90 Td (the ) Tj ET Q q 0 0 0 rg BT 130.12 223.90 Td (first ) Tj ET Q q 0 0 0 rg BT 149.24 223.90 Td (half ) Tj ET Q q 0 0 0 rg BT 167.80 223.90 Td (of ) Tj ET Q q 0 0 0 rg BT 179.14 223.90 Td (the ) Tj ET Q q 0 0 0 rg BT 194.36 223.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 219.03 223.90 Td (year ) Tj ET Q q 0 0 0 rg BT 239.25 223.90 Td (which ) Tj ET Q q 0 0 0 rg BT 266.69 223.90 Td (resulted ) Tj ET Q q 0 0 0 rg BT 301.36 223.90 Td (in ) Tj ET Q q 0 0 0 rg BT 312.15 223.90 Td (the ) Tj ET Q q 0 0 0 rg BT 327.38 223.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 360.92 223.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 391.15 223.90 Td (from ) Tj ET Q q 0 0 0 rg BT 413.59 223.90 Td (average ) Tj ET Q q 0 0 0 rg BT 447.69 223.90 Td (inventory ) Tj ET Q q 0 0 0 rg BT 489.02 223.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 535.91 223.90 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.62 211.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 95.59 211.90 Td (being ) Tj ET Q q 0 0 0 rg BT 119.78 211.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 171.74 211.90 Td (less ) Tj ET Q q 0 0 0 rg BT 188.71 211.90 Td (than ) Tj ET Q q 0 0 0 rg BT 207.89 211.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.08 211.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 254.59 211.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 283.77 211.90 Td (during ) Tj ET Q q 0 0 0 rg BT 311.85 211.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 335.47 211.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 359.94 211.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 401.89 211.90 Td (results ) Tj ET Q q 0 0 0 rg BT 429.97 211.90 Td (in ) Tj ET Q q 0 0 0 rg BT 439.72 211.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 463.34 211.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 485.31 211.90 Td (also ) Tj ET Q q 0 0 0 rg BT 503.39 211.90 Td (benefited ) Tj ET Q q 0 0 0 rg BT 542.56 211.90 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.33 199.90 Td (saving ) Tj ET Q q 0 0 0 rg BT 96.65 199.90 Td (and ) Tj ET Q q 0 0 0 rg BT 113.31 199.90 Td (productivity ) Tj ET Q q 0 0 0 rg BT 164.41 199.90 Td (improvement ) Tj ET Q q 0 0 0 rg BT 219.95 199.90 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 261.61 199.90 Td (initiated ) Tj ET Q q 0 0 0 rg BT 296.59 199.90 Td (in ) Tj ET Q q 0 0 0 rg BT 306.59 199.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 330.46 199.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 355.18 199.90 Td (and ) Tj ET Q q 0 0 0 rg BT 371.84 199.90 Td (further ) Tj ET Q q 0 0 0 rg BT 401.26 199.90 Td (expanded ) Tj ET Q q 0 0 0 rg BT 441.80 199.90 Td (in ) Tj ET Q q 0 0 0 rg BT 451.79 199.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 475.67 199.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 500.38 199.90 Td (to ) Tj ET Q q 0 0 0 rg BT 510.38 199.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 539.25 199.90 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.39 187.90 Td (of ) Tj ET Q q 0 0 0 rg BT 83.11 187.90 Td (production ) Tj ET Q q 0 0 0 rg BT 128.83 187.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.66 187.90 Td (SG&A) Tj ET Q q 0 0 0 rg BT 172.89 187.90 Td ( ) Tj ET Q q 0 0 0 rg BT 175.28 187.90 Td (expense. ) Tj ET Q q 0 0 0 rg BT 212.38 187.90 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 255.88 187.90 Td (the ) Tj ET Q q 0 0 0 rg BT 270.49 187.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 303.41 187.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.02 187.90 Td (of ) Tj ET Q q 0 0 0 rg BT 343.74 187.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 365.57 187.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 414.06 187.90 Td (char) Tj ET Q q 0 0 0 rg BT 431.09 187.90 Td (ges, ) Tj ET Q q 0 0 0 rg BT 449.31 187.90 Td (these ) Tj ET Q q 0 0 0 rg BT 472.25 187.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 506.29 187.90 Td (contributed ) Tj ET Q q 0 0 0 rg BT 554.23 187.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 78.00 175.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 118.21 175.90 Td (mar) Tj ET Q q 0 0 0 rg BT 133.58 175.90 Td (gins ) Tj ET Q q 0 0 0 rg BT 152.70 175.90 Td (per ) Tj ET Q q 0 0 0 rg BT 167.92 175.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 198.69 175.90 Td (ton ) Tj ET Q q 0 0 0 rg BT 213.92 175.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 233.04 175.90 Td (at ) Tj ET Q q 0 0 0 rg BT 242.16 175.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 267.39 175.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 309.27 175.90 Td (to ) Tj ET Q q 0 0 0 rg BT 319.50 175.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 343.60 175.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 366.05 175.90 Td (despite ) Tj ET Q q 0 0 0 rg BT 396.83 175.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 422.05 175.90 Td (average ) Tj ET Q q 0 0 0 rg BT 455.58 175.90 Td (net ) Tj ET Q q 0 0 0 rg BT 470.25 175.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 499.36 175.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 525.69 175.90 Td (and ) Tj ET Q q 0 0 0 rg BT 542.58 175.90 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.90 Td (volumes. ) Tj ET Q q 0 0 0 rg BT 89.37 163.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 145.13 163.90 Td (SG&A) Tj ET Q q 0 0 0 rg BT 172.36 163.90 Td ( ) Tj ET Q q 0 0 0 rg BT 175.35 163.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 210.54 163.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 252.94 163.90 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.92 163.90 Td ($22 ) Tj ET Q q 0 0 0 rg BT 283.91 163.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.80 163.90 Td (, ) Tj ET Q q 0 0 0 rg BT 318.28 163.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 163.90 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.93 163.90 Td (, ) Tj ET Q q 0 0 0 rg BT 353.41 163.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.82 163.90 Td (to ) Tj ET Q q 0 0 0 rg BT 406.58 163.90 Td (the ) Tj ET Q q 0 0 0 rg BT 421.79 163.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 444.21 163.90 Td (year ) Tj ET Q q 0 0 0 rg BT 464.40 163.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 504.60 163.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 542.58 163.90 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 84.67 151.90 Td (employee-related ) Tj ET Q q 0 0 0 rg BT 157.10 151.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 196.23 151.90 Td (and ) Tj ET Q q 0 0 0 rg BT 213.69 151.90 Td (a ) Tj ET Q q 0 0 0 rg BT 221.16 151.90 Td ($6 ) Tj ET Q q 0 0 0 rg BT 234.18 151.90 Td (million ) Tj ET Q q 0 0 0 rg BT 266.10 151.90 Td (benefit ) Tj ET Q q 0 0 0 rg BT 296.89 151.90 Td (from ) Tj ET Q q 0 0 0 rg BT 319.36 151.90 Td (an ) Tj ET Q q 0 0 0 rg BT 331.82 151.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 373.16 151.90 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 436.17 151.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 474.17 151.90 Td (in ) Tj ET Q q 0 0 0 rg BT 484.98 151.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 509.66 151.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 535.18 151.90 Td (SMB's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.50 139.90 Td (results ) Tj ET Q q 0 0 0 rg BT 119.34 139.90 Td (were ) Tj ET Q q 0 0 0 rg BT 141.50 139.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 167.00 139.90 Td (than ) Tj ET Q q 0 0 0 rg BT 186.95 139.90 Td (in ) Tj ET Q q 0 0 0 rg BT 197.46 139.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.40 139.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 234.58 139.90 Td (year ) Tj ET Q q 0 0 0 rg BT 254.51 139.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 294.46 139.90 Td (due ) Tj ET Q q 0 0 0 rg BT 311.63 139.90 Td (to ) Tj ET Q q 0 0 0 rg BT 322.14 139.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 364.28 139.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 393.68 139.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 420.29 139.90 Td (for ) Tj ET Q q 0 0 0 rg BT 434.68 139.90 Td (finished ) Tj ET Q q 0 0 0 rg BT 469.63 139.90 Td (steel ) Tj ET Q q 0 0 0 rg BT 490.69 139.90 Td (products, ) Tj ET Q q 0 0 0 rg BT 530.36 139.90 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.94 127.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 108.33 127.90 Td (and ) Tj ET Q q 0 0 0 rg BT 125.26 127.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 150.53 127.90 Td (rolling ) Tj ET Q q 0 0 0 rg BT 179.70 127.90 Td (mill ) Tj ET Q q 0 0 0 rg BT 198.31 127.90 Td (utilization ) Tj ET Q q 0 0 0 rg BT 241.36 127.90 Td (driven ) Tj ET Q q 0 0 0 rg BT 269.40 127.90 Td (by ) Tj ET Q q 0 0 0 rg BT 281.90 127.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 322.16 127.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 372.43 127.90 Td (from ) Tj ET Q q 0 0 0 rg BT 394.37 127.90 Td (lower) Tj ET Q q 0 0 0 rg BT 416.93 127.90 Td (-priced ) Tj ET Q q 0 0 0 rg BT 447.75 127.90 Td (imports. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.90 Td (In ) Tj ET Q q 0 0 0 rg BT 61.20 106.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.28 106.90 Td (second ) Tj ET Q q 0 0 0 rg BT 106.91 106.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 138.10 106.90 Td (of ) Tj ET Q q 0 0 0 rg BT 149.29 106.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 173.81 106.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.18 106.90 Td (we ) Tj ET Q q 0 0 0 rg BT 213.71 106.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 254.89 106.90 Td (the ) Tj ET Q q 0 0 0 rg BT 269.98 106.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 322.83 106.90 Td (of ) Tj ET Q q 0 0 0 rg BT 334.03 106.90 Td (sustained ) Tj ET Q q 0 0 0 rg BT 374.11 106.90 Td (weak ) Tj ET Q q 0 0 0 rg BT 398.08 106.90 Td (market ) Tj ET Q q 0 0 0 rg BT 428.71 106.90 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 475.74 106.90 Td (including ) Tj ET Q q 0 0 0 rg BT 516.38 106.90 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 106.90 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.90 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 94.90 Td (fects ) Tj ET Q q 0 0 0 rg BT 78.08 94.90 Td (of ) Tj ET Q q 0 0 0 rg BT 88.03 94.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 112.42 94.90 Td (commodity ) Tj ET Q q 0 0 0 rg BT 159.59 94.90 Td (selling ) Tj ET Q q 0 0 0 rg BT 187.87 94.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 213.36 94.90 Td (and ) Tj ET Q q 0 0 0 rg BT 229.42 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 94.90 Td (constraining ) Tj ET Q q 0 0 0 rg BT 294.31 94.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 323.13 94.90 Td (of ) Tj ET Q q 0 0 0 rg BT 333.08 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.92 94.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 371.30 94.90 Td (price ) Tj ET Q q 0 0 0 rg BT 392.91 94.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 445.07 94.90 Td (on ) Tj ET Q q 0 0 0 rg BT 456.68 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 470.52 94.90 Td (supply ) Tj ET Q q 0 0 0 rg BT 498.81 94.90 Td (of ) Tj ET Q q 0 0 0 rg BT 508.75 94.90 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.36 94.90 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.90 Td (which ) Tj ET Q q 0 0 0 rg BT 77.20 82.90 Td (negatively ) Tj ET Q q 0 0 0 rg BT 121.61 82.90 Td (impacted ) Tj ET Q q 0 0 0 rg BT 161.02 82.90 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 200.17 82.90 Td (our ) Tj ET Q q 0 0 0 rg BT 216.26 82.90 Td (recent ) Tj ET Q q 0 0 0 rg BT 243.45 82.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.19 82.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 334.47 82.90 Td (and ) Tj ET Q q 0 0 0 rg BT 351.67 82.90 Td (a ) Tj ET Q q 0 0 0 rg BT 358.87 82.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 390.51 82.90 Td (in ) Tj ET Q q 0 0 0 rg BT 401.04 82.90 Td (our ) Tj ET Q q 0 0 0 rg BT 417.14 82.90 Td (market ) Tj ET Q q 0 0 0 rg BT 447.66 82.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 504.28 82.90 Td (as ) Tj ET Q q 0 0 0 rg BT 515.38 82.90 Td (a ) Tj ET Q q 0 0 0 rg BT 522.58 82.90 Td (triggering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.90 Td (event ) Tj ET Q q 0 0 0 rg BT 73.78 70.90 Td (requiring ) Tj ET Q q 0 0 0 rg BT 112.56 70.90 Td (an ) Tj ET Q q 0 0 0 rg BT 124.12 70.90 Td (interim ) Tj ET Q q 0 0 0 rg BT 155.13 70.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 203.35 70.90 Td (test ) Tj ET Q q 0 0 0 rg BT 219.36 70.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.81 70.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 267.50 70.90 Td (allocated ) Tj ET Q q 0 0 0 rg BT 305.71 70.90 Td (to ) Tj ET Q q 0 0 0 rg BT 315.61 70.90 Td (our ) Tj ET Q q 0 0 0 rg BT 331.06 70.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 369.84 70.90 Td (units. ) Tj ET Q q 0 0 0 rg BT 393.76 70.90 Td (The ) Tj ET Q q 0 0 0 rg BT 411.43 70.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 459.66 70.90 Td (test ) Tj ET Q q 0 0 0 rg BT 475.67 70.90 Td (resulted ) Tj ET Q q 0 0 0 rg BT 509.45 70.90 Td (in ) Tj ET Q q 0 0 0 rg BT 519.35 70.90 Td (a ) Tj ET Q q 0 0 0 rg BT 525.91 70.90 Td (non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.06 58.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 136.66 58.90 Td (char) Tj ET Q q 0 0 0 rg BT 153.68 58.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 165.62 58.90 Td (of ) Tj ET Q q 0 0 0 rg BT 176.45 58.90 Td ($9 ) Tj ET Q q 0 0 0 rg BT 188.95 58.90 Td (million ) Tj ET Q q 0 0 0 rg BT 220.34 58.90 Td (at ) Tj ET Q q 0 0 0 rg BT 230.06 58.90 Td (a ) Tj ET Q q 0 0 0 rg BT 237.00 58.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 276.15 58.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 294.21 58.90 Td (within ) Tj ET Q q 0 0 0 rg BT 322.27 58.90 Td (the ) Tj ET Q q 0 0 0 rg BT 336.43 58.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 361.71 58.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 401.98 58.90 Td (segment. ) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (33) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.70 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.29 742.10 Td (second ) Tj ET Q q 0 0 0 rg BT 108.44 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 140.13 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.83 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 176.86 742.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 202.73 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 217.77 742.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 259.46 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.28 742.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 310.08 742.10 Td (event ) Tj ET Q q 0 0 0 rg BT 335.11 742.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 375.14 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 387.95 742.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 420.21 742.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 469.68 742.10 Td (test ) Tj ET Q q 0 0 0 rg BT 486.94 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.65 742.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 537.58 742.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.21 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.54 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.53 730.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 140.19 730.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 178.30 730.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.95 730.10 Td (char) Tj ET Q q 0 0 0 rg BT 243.97 730.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 255.97 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.85 730.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 289.40 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 320.85 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 330.62 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.39 730.10 Td (former ) Tj ET Q q 0 0 0 rg BT 375.15 730.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 399.94 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 439.15 730.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 459.57 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.67 730.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 526.32 730.10 Td (char) Tj ET Q q 0 0 0 rg BT 543.35 730.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 555.34 730.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.73 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 113.70 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.33 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 156.85 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.06 718.10 Td (AMR. ) Tj ET Q q 0 0 0 rg BT 194.58 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 203.22 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 210.07 718.10 Td (did ) Tj ET Q q 0 0 0 rg BT 225.27 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 240.46 718.10 Td (record ) Tj ET Q q 0 0 0 rg BT 268.41 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 285.26 718.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 323.23 718.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 371.74 718.10 Td (char) Tj ET Q q 0 0 0 rg BT 388.77 718.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 404.51 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.71 718.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 438.77 718.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 463.69 718.10 Td (See ) Tj ET Q q 0 0 0 rg BT 480.54 718.10 Td (further ) Tj ET Q q 0 0 0 rg BT 510.16 718.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 554.24 718.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 706.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 96.66 706.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 145.81 706.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 179.98 706.10 Td (section ) Tj ET Q q 0 0 0 rg BT 210.80 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 220.52 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.23 706.10 Td (end ) Tj ET Q q 0 0 0 rg BT 252.17 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.00 706.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 281.61 706.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 293.27 706.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 314.10 706.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 321.60 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.43 706.10 Td (this ) Tj ET Q q 0 0 0 rg BT 349.38 706.10 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.69 685.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.71 685.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 129.57 685.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 151.93 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.74 685.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 193.60 685.10 Td (we ) Tj ET Q q 0 0 0 rg BT 207.62 685.10 Td (also ) Tj ET Q q 0 0 0 rg BT 226.09 685.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 263.43 685.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 301.89 685.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 350.35 685.10 Td (char) Tj ET Q q 0 0 0 rg BT 367.38 685.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 383.07 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.87 685.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 447.19 685.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 498.97 685.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.33 685.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.90 685.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.07 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.59 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 111.21 673.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 139.12 673.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 187.85 673.10 Td (char) Tj ET Q q 0 0 0 rg BT 204.88 673.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 220.28 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.80 673.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 283.83 673.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 337.83 673.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 379.34 673.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 416.98 673.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 465.15 673.10 Td (char) Tj ET Q q 0 0 0 rg BT 482.18 673.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 500.09 673.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.59 673.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.00 673.10 Td (follows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 63.61 661.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 635.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 635.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 635.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 635.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 605.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 605.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 605.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 605.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 605.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 605.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 575.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 575.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 575.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 575.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 575.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 575.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 545.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 545.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 545.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 545.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 515.60 249.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 515.60 85.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 515.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 515.60 85.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 515.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 515.60 85.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 475.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 475.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 475.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 475.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 475.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 445.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 445.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 445.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 445.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 415.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 415.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 415.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 415.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 385.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 385.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 385.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 385.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 385.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 385.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 355.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 355.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 355.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 355.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 355.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 355.60 85.00 -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 298.5 635.6 m 383.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 635.6 m 472.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 635.6 m 561.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 635.6 m 383.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 635.6 m 472.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 635.6 m 561.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 530.6 m 383.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 530.6 m 472.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 530.6 m 561.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 530.6 m 383.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 515.6 m 383.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 530.6 m 472.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 515.6 m 472.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 530.6 m 561.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 515.6 m 561.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 430.6 m 383.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 430.6 m 472.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 430.6 m 561.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 430.6 m 383.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 415.6 m 383.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 430.6 m 472.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 415.6 m 472.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 430.6 m 561.5 430.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 415.6 m 561.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 370.6 m 383.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 370.6 m 472.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 370.6 m 561.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 370.6 m 383.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 355.6 m 383.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 370.6 m 472.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 355.6 m 472.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 370.6 m 561.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 355.6 m 561.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 355.6 m 383.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 341.6 m 383.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 339.6 m 383.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 355.6 m 472.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 341.6 m 472.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 339.6 m 472.5 339.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 355.6 m 561.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 341.6 m 561.5 341.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 339.6 m 561.5 339.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.75 640.28 Td (Fiscal 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.75 640.28 Td (Fiscal 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.75 640.28 Td (Fiscal 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 625.27 Td (Reported within other asset impairment char) Tj ET Q q 0 0 0 rg BT 235.82 625.27 Td (ges) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.15 629.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.73 625.27 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 610.27 Td (Long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 610.27 Td (7,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 610.27 Td (41,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 610.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 595.27 Td (Accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 595.27 Td (6,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 595.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 595.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 580.27 Td (Investment in joint venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 580.27 Td (1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 580.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 580.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 565.27 Td (Assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 565.27 Td (1,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 565.27 Td (2,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 565.27 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 550.27 Td (Supplies inventory) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.27 554.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 550.27 Td (2,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 550.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 550.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 535.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 118.60 539.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 535.27 Td (1,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 535.27 Td (885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 535.27 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 520.27 Td (20,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 520.27 Td (45,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 520.27 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 505.27 Td (Reported within restructuring charges and other exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.00 495.27 Td (related activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 480.27 Td (Long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 480.27 Td (468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 480.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 465.27 Td (Accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 465.27 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 465.27 Td (3,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 465.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 450.27 Td (Supplies inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 450.27 Td (1,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 450.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 450.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 435.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 435.27 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 435.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 435.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 420.27 Td (2,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 420.27 Td (3,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 420.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 405.27 Td (Reported within discontinued operations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 390.27 Td (Long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 390.27 Td (673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 390.27 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 390.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 375.27 Td (Accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 375.27 Td (274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 375.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 375.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 360.27 Td (947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 360.27 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 360.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 345.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 345.27 Td (23,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 345.27 Td (51,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.00 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 345.27 Td (2,026) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 322.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 322.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 88.31 322.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 105.96 322.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 144.94 322.50 Td (char) Tj ET Q q 0 0 0 rg BT 158.56 322.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 171.32 322.50 Td (were ) Tj ET Q q 0 0 0 rg BT 188.97 322.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 217.72 322.50 Td (in ) Tj ET Q q 0 0 0 rg BT 226.04 322.50 Td (the ) Tj ET Q q 0 0 0 rg BT 237.45 322.50 Td (AMR ) Tj ET Q q 0 0 0 rg BT 257.77 322.50 Td (reportable ) Tj ET Q q 0 0 0 rg BT 292.30 322.50 Td (segment, ) Tj ET Q q 0 0 0 rg BT 323.06 322.50 Td (except ) Tj ET Q q 0 0 0 rg BT 346.03 322.50 Td (for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.46 322.50 Td ($79 ) Tj ET Q q 0 0 0 rg BT 371.55 322.50 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.44 322.50 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.54 322.50 Td ($745 ) Tj ET Q q 0 0 0 rg BT 422.64 322.50 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.52 322.50 Td ( ) Tj ET Q q 0 0 0 rg BT 453.62 322.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.27 322.50 Td ($532 ) Tj ET Q q 0 0 0 rg BT 485.37 322.50 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.26 322.50 Td ( ) Tj ET Q q 0 0 0 rg BT 516.36 322.50 Td (of ) Tj ET Q q 0 0 0 rg BT 525.12 322.50 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 312.90 Td (char) Tj ET Q q 0 0 0 rg BT 81.62 312.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 94.42 312.90 Td (on ) Tj ET Q q 0 0 0 rg BT 104.55 312.90 Td (other ) Tj ET Q q 0 0 0 rg BT 123.12 312.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 143.92 312.90 Td (related ) Tj ET Q q 0 0 0 rg BT 167.82 312.90 Td (to ) Tj ET Q q 0 0 0 rg BT 176.17 312.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 210.30 312.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 240.41 312.90 Td (in ) Tj ET Q q 0 0 0 rg BT 248.77 312.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 268.22 312.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 288.36 312.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 306.49 312.90 Td (and ) Tj ET Q q 0 0 0 rg BT 320.18 312.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 340.31 312.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 378.44 312.90 Td (, ) Tj ET Q q 0 0 0 rg BT 382.57 312.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.26 312.90 Td ($2,224 ) Tj ET Q q 0 0 0 rg BT 420.39 312.90 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.28 312.90 Td ( ) Tj ET Q q 0 0 0 rg BT 451.41 312.90 Td (of ) Tj ET Q q 0 0 0 rg BT 460.21 312.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 499.22 312.90 Td (char) Tj ET Q q 0 0 0 rg BT 512.84 312.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 525.64 312.90 Td (on ) Tj ET Q q 0 0 0 rg BT 535.78 312.90 Td (supplies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 303.30 Td (inventory ) Tj ET Q q 0 0 0 rg BT 100.66 303.30 Td (related ) Tj ET Q q 0 0 0 rg BT 124.42 303.30 Td (to ) Tj ET Q q 0 0 0 rg BT 132.64 303.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 151.54 303.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 181.52 303.30 Td (in ) Tj ET Q q 0 0 0 rg BT 189.75 303.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 209.07 303.30 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.75 282.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.49 282.30 Td (results ) Tj ET Q q 0 0 0 rg BT 175.57 282.30 Td (in ) Tj ET Q q 0 0 0 rg BT 186.32 282.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.95 282.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.95 282.30 Td ( ) Tj ET Q q 0 0 0 rg BT 233.93 282.30 Td (also ) Tj ET Q q 0 0 0 rg BT 253.01 282.30 Td (included ) Tj ET Q q 0 0 0 rg BT 290.42 282.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 344.49 282.30 Td (char) Tj ET Q q 0 0 0 rg BT 361.52 282.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 377.82 282.30 Td (and ) Tj ET Q q 0 0 0 rg BT 395.24 282.30 Td (other ) Tj ET Q q 0 0 0 rg BT 418.76 282.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 467.26 282.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 506.33 282.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.64 282.30 Td ($7 ) Tj ET Q q 0 0 0 rg BT 530.61 282.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 282.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.80 270.30 Td (to ) Tj ET Q q 0 0 0 rg BT 101.95 270.30 Td (char) Tj ET Q q 0 0 0 rg BT 118.98 270.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 134.69 270.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.39 270.30 Td ($13 ) Tj ET Q q 0 0 0 rg BT 162.77 270.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.66 270.30 Td ( ) Tj ET Q q 0 0 0 rg BT 194.03 270.30 Td (in ) Tj ET Q q 0 0 0 rg BT 204.19 270.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.22 270.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.22 270.30 Td (. ) Tj ET Q q 0 0 0 rg BT 252.57 270.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 297.72 270.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 351.19 270.30 Td (char) Tj ET Q q 0 0 0 rg BT 368.21 270.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 383.92 270.30 Td (and ) Tj ET Q q 0 0 0 rg BT 400.73 270.30 Td (other ) Tj ET Q q 0 0 0 rg BT 423.66 270.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 471.56 270.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 510.03 270.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.74 270.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 533.11 270.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.30 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 258.30 Td (included ) Tj ET Q q 0 0 0 rg BT 108.86 258.30 Td (in ) Tj ET Q q 0 0 0 rg BT 119.14 258.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.86 258.30 Td (results ) Tj ET Q q 0 0 0 rg BT 162.47 258.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.30 258.30 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 226.90 258.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 271.05 258.30 Td (in ) Tj ET Q q 0 0 0 rg BT 281.33 258.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 305.49 258.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 330.49 258.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 372.41 258.30 Td (to ) Tj ET Q q 0 0 0 rg BT 382.69 258.30 Td (char) Tj ET Q q 0 0 0 rg BT 399.72 258.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 415.55 258.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.38 258.30 Td ($4 ) Tj ET Q q 0 0 0 rg BT 438.88 258.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.77 258.30 Td ( ) Tj ET Q q 0 0 0 rg BT 470.27 258.30 Td (for ) Tj ET Q q 0 0 0 rg BT 484.43 258.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 508.58 258.30 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.30 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.30 237.30 Td (char) Tj ET Q q 0 0 0 rg BT 124.33 237.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 140.53 237.30 Td (consisted ) Tj ET Q q 0 0 0 rg BT 180.61 237.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.81 237.30 Td (severance, ) Tj ET Q q 0 0 0 rg BT 236.59 237.30 Td (contract ) Tj ET Q q 0 0 0 rg BT 271.66 237.30 Td (termination ) Tj ET Q q 0 0 0 rg BT 320.63 237.30 Td (and ) Tj ET Q q 0 0 0 rg BT 337.93 237.30 Td (other ) Tj ET Q q 0 0 0 rg BT 361.35 237.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 415.31 237.30 Td (costs. ) Tj ET Q q 0 0 0 rg BT 440.68 237.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 466.31 237.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 514.71 237.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 553.67 237.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.30 Td ($2 ) Tj ET Q q 0 0 0 rg BT 62.60 225.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.49 225.30 Td ( ) Tj ET Q q 0 0 0 rg BT 94.09 225.30 Td (in ) Tj ET Q q 0 0 0 rg BT 104.47 225.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 128.72 225.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 151.32 225.30 Td (consisted ) Tj ET Q q 0 0 0 rg BT 191.14 225.30 Td (of ) Tj ET Q q 0 0 0 rg BT 202.07 225.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 224.10 225.30 Td (impairments ) Tj ET Q q 0 0 0 rg BT 276.69 225.30 Td (and ) Tj ET Q q 0 0 0 rg BT 293.73 225.30 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 341.29 225.30 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 393.30 225.30 Td (of ) Tj ET Q q 0 0 0 rg BT 404.23 225.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 430.16 225.30 Td (in ) Tj ET Q q 0 0 0 rg BT 440.54 225.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 487.01 225.30 Td (with ) Tj ET Q q 0 0 0 rg BT 507.39 225.30 Td (the ) Tj ET Q q 0 0 0 rg BT 522.20 225.30 Td (closure ) Tj ET Q q 0 0 0 rg BT 553.68 225.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 80.08 213.30 Td (operations, ) Tj ET Q q 0 0 0 rg BT 127.12 213.30 Td (net ) Tj ET Q q 0 0 0 rg BT 142.22 213.30 Td (of ) Tj ET Q q 0 0 0 rg BT 153.43 213.30 Td (gains ) Tj ET Q q 0 0 0 rg BT 177.42 213.30 Td (on ) Tj ET Q q 0 0 0 rg BT 190.31 213.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 238.72 213.30 Td (disposals, ) Tj ET Q q 0 0 0 rg BT 280.77 213.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 323.07 213.30 Td (to ) Tj ET Q q 0 0 0 rg BT 333.74 213.30 Td (other ) Tj ET Q q 0 0 0 rg BT 357.16 213.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 405.57 213.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 444.56 213.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.77 213.30 Td ($7 ) Tj ET Q q 0 0 0 rg BT 468.65 213.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.54 213.30 Td ( ) Tj ET Q q 0 0 0 rg BT 500.42 213.30 Td (for ) Tj ET Q q 0 0 0 rg BT 514.97 213.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.50 213.30 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.30 Td (These ) Tj ET Q q 0 0 0 rg BT 76.34 201.30 Td (char) Tj ET Q q 0 0 0 rg BT 93.37 201.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 109.16 201.30 Td (relate ) Tj ET Q q 0 0 0 rg BT 133.83 201.30 Td (to ) Tj ET Q q 0 0 0 rg BT 144.07 201.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 197.63 201.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 239.54 201.30 Td (under ) Tj ET Q q 0 0 0 rg BT 264.77 201.30 Td (three ) Tj ET Q q 0 0 0 rg BT 287.22 201.30 Td (separate ) Tj ET Q q 0 0 0 rg BT 322.44 201.30 Td (plans: ) Tj ET Q q 0 0 0 rg BT 348.79 201.30 Td (the ) Tj ET Q q 0 0 0 rg BT 363.47 201.30 Td (plans ) Tj ET Q q 0 0 0 rg BT 387.04 201.30 Td (announced ) Tj ET Q q 0 0 0 rg BT 432.82 201.30 Td (in ) Tj ET Q q 0 0 0 rg BT 443.07 201.30 Td (the ) Tj ET Q q 0 0 0 rg BT 457.75 201.30 Td (first ) Tj ET Q q 0 0 0 rg BT 476.32 201.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 507.10 201.30 Td (of ) Tj ET Q q 0 0 0 rg BT 517.90 201.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.02 201.30 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 68.05 189.30 Td (Q114 ) Tj ET Q q 0 0 0 rg BT 100.54 189.30 Td (Plan"\), ) Tj ET Q q 0 0 0 rg BT 130.73 189.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.44 189.30 Td (Q115 ) Tj ET Q q 0 0 0 rg BT 177.93 189.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 202.65 189.30 Td (and ) Tj ET Q q 0 0 0 rg BT 219.59 189.30 Td (the ) Tj ET Q q 0 0 0 rg BT 234.31 189.30 Td ("Q2'15 ) Tj ET Q q 0 0 0 rg BT 264.91 189.30 Td (Plan.") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.30 Td (In ) Tj ET Q q 0 0 0 rg BT 61.02 168.30 Td (the ) Tj ET Q q 0 0 0 rg BT 75.92 168.30 Td (first ) Tj ET Q q 0 0 0 rg BT 94.72 168.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 125.72 168.30 Td (of ) Tj ET Q q 0 0 0 rg BT 136.74 168.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 161.08 168.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 186.27 168.30 Td (we ) Tj ET Q q 0 0 0 rg BT 200.62 168.30 Td (initiated ) Tj ET Q q 0 0 0 rg BT 236.08 168.30 Td (the ) Tj ET Q q 0 0 0 rg BT 250.98 168.30 Td (Q1'14 ) Tj ET Q q 0 0 0 rg BT 277.69 168.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 298.16 168.30 Td (and ) Tj ET Q q 0 0 0 rg BT 315.29 168.30 Td (began ) Tj ET Q q 0 0 0 rg BT 341.85 168.30 Td (implementing ) Tj ET Q q 0 0 0 rg BT 400.09 168.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 453.87 168.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.99 168.30 Td (productivity ) Tj ET Q q 0 0 0 rg BT 522.56 168.30 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.30 Td (to ) Tj ET Q q 0 0 0 rg BT 60.13 156.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 89.14 156.30 Td (our ) Tj ET Q q 0 0 0 rg BT 104.82 156.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 133.83 156.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 173.95 156.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 212.41 156.30 Td (by ) Tj ET Q q 0 0 0 rg BT 224.76 156.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.88 156.30 Td ($30 ) Tj ET Q q 0 0 0 rg BT 302.23 156.30 Td (million, ) Tj ET Q q 0 0 0 rg BT 335.98 156.30 Td (which ) Tj ET Q q 0 0 0 rg BT 362.78 156.30 Td (was ) Tj ET Q q 0 0 0 rg BT 380.68 156.30 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 435.26 156.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 475.37 156.30 Td (to ) Tj ET Q q 0 0 0 rg BT 485.50 156.30 Td ($40 ) Tj ET Q q 0 0 0 rg BT 502.86 156.30 Td (million ) Tj ET Q q 0 0 0 rg BT 534.10 156.30 Td (later ) Tj ET Q q 0 0 0 rg BT 554.22 156.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.90 144.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 89.25 144.30 Td (year) Tj ET Q q 0 0 0 rg BT 105.90 144.30 Td (. ) Tj ET Q q 0 0 0 rg BT 110.89 144.30 Td (W) Tj ET Q q 0 0 0 rg BT 119.53 144.30 Td (e ) Tj ET Q q 0 0 0 rg BT 126.66 144.30 Td (achieved ) Tj ET Q q 0 0 0 rg BT 164.88 144.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 225.32 144.30 Td ($29 ) Tj ET Q q 0 0 0 rg BT 243.01 144.30 Td (million ) Tj ET Q q 0 0 0 rg BT 274.59 144.30 Td (of ) Tj ET Q q 0 0 0 rg BT 285.60 144.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 319.95 144.30 Td (in ) Tj ET Q q 0 0 0 rg BT 330.41 144.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 354.75 144.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 379.94 144.30 Td (with ) Tj ET Q q 0 0 0 rg BT 400.41 144.30 Td (the ) Tj ET Q q 0 0 0 rg BT 415.31 144.30 Td (full ) Tj ET Q q 0 0 0 rg BT 431.88 144.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 461.23 144.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 491.68 144.30 Td (achieved ) Tj ET Q q 0 0 0 rg BT 529.90 144.30 Td (in ) Tj ET Q q 0 0 0 rg BT 540.36 144.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.30 Td (2015. ) Tj ET Q q 0 0 0 rg BT 75.95 132.30 Td (The ) Tj ET Q q 0 0 0 rg BT 95.21 132.30 Td (majority ) Tj ET Q q 0 0 0 rg BT 132.80 132.30 Td (of ) Tj ET Q q 0 0 0 rg BT 144.85 132.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.78 132.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 202.26 132.30 Td (in ) Tj ET Q q 0 0 0 rg BT 213.75 132.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 255.23 132.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 295.04 132.30 Td (occurred ) Tj ET Q q 0 0 0 rg BT 333.74 132.30 Td (at ) Tj ET Q q 0 0 0 rg BT 343.85 132.30 Td (AMR ) Tj ET Q q 0 0 0 rg BT 370.35 132.30 Td (and ) Tj ET Q q 0 0 0 rg BT 388.50 132.30 Td (resulted ) Tj ET Q q 0 0 0 rg BT 423.87 132.30 Td (from ) Tj ET Q q 0 0 0 rg BT 447.02 132.30 Td (a ) Tj ET Q q 0 0 0 rg BT 455.18 132.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 508.88 132.30 Td (of ) Tj ET Q q 0 0 0 rg BT 520.93 132.30 Td (headcount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.30 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 96.66 120.30 Td (implementation ) Tj ET Q q 0 0 0 rg BT 161.92 120.30 Td (of ) Tj ET Q q 0 0 0 rg BT 172.75 120.30 Td (operational ) Tj ET Q q 0 0 0 rg BT 220.23 120.30 Td (ef) Tj ET Q q 0 0 0 rg BT 227.82 120.30 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 271.13 120.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 305.27 120.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 327.76 120.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.26 120.30 Td (and ) Tj ET Q q 0 0 0 rg BT 367.20 120.30 Td (other ) Tj ET Q q 0 0 0 rg BT 390.24 120.30 Td (productivity ) Tj ET Q q 0 0 0 rg BT 441.63 120.30 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.30 Td (Since ) Tj ET Q q 0 0 0 rg BT 75.25 99.30 Td (the ) Tj ET Q q 0 0 0 rg BT 90.51 99.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 133.54 99.30 Td (of ) Tj ET Q q 0 0 0 rg BT 144.90 99.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 169.59 99.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 195.13 99.30 Td (we ) Tj ET Q q 0 0 0 rg BT 209.83 99.30 Td (have ) Tj ET Q q 0 0 0 rg BT 231.74 99.30 Td (initiated ) Tj ET Q q 0 0 0 rg BT 267.54 99.30 Td (and ) Tj ET Q q 0 0 0 rg BT 285.02 99.30 Td (implemented ) Tj ET Q q 0 0 0 rg BT 340.26 99.30 Td (a ) Tj ET Q q 0 0 0 rg BT 347.74 99.30 Td (number ) Tj ET Q q 0 0 0 rg BT 381.32 99.30 Td (of ) Tj ET Q q 0 0 0 rg BT 392.69 99.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 435.71 99.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 454.86 99.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 495.66 99.30 Td (and ) Tj ET Q q 0 0 0 rg BT 513.13 99.30 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.30 Td (improvement ) Tj ET Q q 0 0 0 rg BT 105.39 87.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 144.67 87.30 Td (with ) Tj ET Q q 0 0 0 rg BT 164.52 87.30 Td (a ) Tj ET Q q 0 0 0 rg BT 171.04 87.30 Td (combined ) Tj ET Q q 0 0 0 rg BT 212.54 87.30 Td (tar) Tj ET Q q 0 0 0 rg BT 222.91 87.30 Td (geted ) Tj ET Q q 0 0 0 rg BT 246.64 87.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 275.36 87.30 Td (improvement ) Tj ET Q q 0 0 0 rg BT 330.76 87.30 Td (of ) Tj ET Q q 0 0 0 rg BT 341.16 87.30 Td ($95 ) Tj ET Q q 0 0 0 rg BT 358.23 87.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 391.55 87.30 Td (These ) Tj ET Q q 0 0 0 rg BT 417.50 87.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 459.01 87.30 Td (included ) Tj ET Q q 0 0 0 rg BT 495.51 87.30 Td (those ) Tj ET Q q 0 0 0 rg BT 518.70 87.30 Td (announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.30 Td (as ) Tj ET Q q 0 0 0 rg BT 60.47 75.30 Td (part ) Tj ET Q q 0 0 0 rg BT 78.15 75.30 Td (of ) Tj ET Q q 0 0 0 rg BT 88.62 75.30 Td (the ) Tj ET Q q 0 0 0 rg BT 102.97 75.30 Td (Q1'15 ) Tj ET Q q 0 0 0 rg BT 129.13 75.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 149.04 75.30 Td (followed ) Tj ET Q q 0 0 0 rg BT 186.73 75.30 Td (by ) Tj ET Q q 0 0 0 rg BT 198.86 75.30 Td (further ) Tj ET Q q 0 0 0 rg BT 228.21 75.30 Td (cost-saving ) Tj ET Q q 0 0 0 rg BT 275.89 75.30 Td (and ) Tj ET Q q 0 0 0 rg BT 292.46 75.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 340.13 75.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 379.47 75.30 Td (as ) Tj ET Q q 0 0 0 rg BT 389.94 75.30 Td (part ) Tj ET Q q 0 0 0 rg BT 407.62 75.30 Td (of ) Tj ET Q q 0 0 0 rg BT 418.09 75.30 Td (the ) Tj ET Q q 0 0 0 rg BT 432.44 75.30 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 458.60 75.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 478.51 75.30 Td (tar) Tj ET Q q 0 0 0 rg BT 488.88 75.30 Td (geting ) Tj ET Q q 0 0 0 rg BT 516.01 75.30 Td (a ) Tj ET Q q 0 0 0 rg BT 522.59 75.30 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.46 63.30 Td (to ) Tj ET Q q 0 0 0 rg BT 90.93 63.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 120.27 63.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.73 63.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 213.94 63.30 Td (of ) Tj ET Q q 0 0 0 rg BT 224.96 63.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 285.42 63.30 Td ($60 ) Tj ET Q q 0 0 0 rg BT 303.11 63.30 Td (million, ) Tj ET Q q 0 0 0 rg BT 337.19 63.30 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 392.10 63.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 432.55 63.30 Td (by ) Tj ET Q q 0 0 0 rg BT 445.24 63.30 Td ($5 ) Tj ET Q q 0 0 0 rg BT 457.93 63.30 Td (million ) Tj ET Q q 0 0 0 rg BT 489.51 63.30 Td (in ) Tj ET Q q 0 0 0 rg BT 499.98 63.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.89 63.30 Td (first ) Tj ET Q q 0 0 0 rg BT 533.69 63.30 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.30 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 51.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.99 51.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 109.99 51.30 Td (In ) Tj ET Q q 0 0 0 rg BT 120.82 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.53 51.30 Td (second ) Tj ET Q q 0 0 0 rg BT 165.80 51.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 196.62 51.30 Td (of ) Tj ET Q q 0 0 0 rg BT 207.45 51.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 231.60 51.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 256.60 51.30 Td (we ) Tj ET Q q 0 0 0 rg BT 270.76 51.30 Td (expanded ) Tj ET Q q 0 0 0 rg BT 311.58 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 326.29 51.30 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 352.82 51.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 373.10 51.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 415.03 51.30 Td (by ) Tj ET Q q 0 0 0 rg BT 427.53 51.30 Td (an ) Tj ET Q q 0 0 0 rg BT 439.47 51.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 481.96 51.30 Td ($30 ) Tj ET Q q 0 0 0 rg BT 499.46 51.30 Td (million. ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (34) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 749.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 742.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 86.02 742.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 125.96 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.58 742.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 193.64 742.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 253.03 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 296.31 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.26 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.66 742.10 Td (Q1'15 ) Tj ET Q q 0 0 0 rg BT 356.87 742.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 376.82 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 391.21 742.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 418.94 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 431.12 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.74 742.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 489.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.42 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 534.24 742.10 Td (drivers ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 737.03 319.15 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.47 730.10 Td (production ) Tj ET Q q 0 0 0 rg BT 113.82 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.28 730.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 158.52 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.54 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 180.68 730.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 221.47 730.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 263.94 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 284.74 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.21 730.10 Td (tar) Tj ET Q q 0 0 0 rg BT 302.57 730.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 327.26 730.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 730.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 398.83 730.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 455.18 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.53 730.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 484.56 730.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 518.98 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 546.45 730.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 88.72 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.68 718.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 124.52 718.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 147.02 725.03 417.49 -9.09 re f /GS0 gs q 0 0 0 rg BT 147.02 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.98 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.71 718.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 229.10 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.07 718.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 293.78 718.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 338.05 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 359.02 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.42 718.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 401.63 718.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 422.59 718.10 Td (include ) Tj ET Q q 0 0 0 rg BT 455.21 718.10 Td (two ) Tj ET Q q 0 0 0 rg BT 473.40 718.10 Td (components. ) Tj ET Q q 0 0 0 rg BT 527.17 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 545.91 718.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 713.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 706.10 Td (component ) Tj ET Q q 0 0 0 rg BT 97.30 706.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 129.60 706.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 166.34 706.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 197.54 706.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 233.18 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.83 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.92 706.10 Td (second ) Tj ET Q q 0 0 0 rg BT 289.56 706.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 320.74 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.94 706.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 356.47 706.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 379.34 706.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 422.77 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.97 706.10 Td (idling ) Tj ET Q q 0 0 0 rg BT 460.18 706.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 502.49 706.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 547.57 706.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 701.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 694.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 81.30 694.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 106.48 694.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 126.12 694.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 147.97 694.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 173.71 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 182.81 694.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 208.01 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.20 694.10 Td (align ) Tj ET Q q 0 0 0 rg BT 240.61 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.36 694.10 Td (business ) Tj ET Q q 0 0 0 rg BT 292.66 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.86 694.10 Td (market ) Tj ET Q q 0 0 0 rg BT 333.03 694.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 379.61 694.10 Td (tar) Tj ET Q q 0 0 0 rg BT 389.98 694.10 Td (geting ) Tj ET Q q 0 0 0 rg BT 417.39 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.24 694.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 484.98 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.17 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 524.24 694.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 689.03 177.25 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 682.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.37 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.55 682.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 175.16 682.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 193.01 682.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.25 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.43 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 265.72 682.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 326.32 682.10 Td (one-third ) Tj ET Q q 0 0 0 rg BT 365.83 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.35 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 397.63 682.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 432.13 682.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 484.40 682.10 Td (expense) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 516.60 689.03 47.91 -9.09 re f /GS0 gs q 0 0 0 rg BT 516.60 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 521.32 682.10 Td (As ) Tj ET Q q 0 0 0 rg BT 535.29 682.10 Td (part ) Tj ET Q q 0 0 0 rg BT 553.68 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 677.03 356.47 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.00 670.10 Td (second ) Tj ET Q q 0 0 0 rg BT 95.55 670.10 Td (component ) Tj ET Q q 0 0 0 rg BT 142.77 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.88 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.88 670.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 195.69 670.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 218.75 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.70 670.10 Td (April ) Tj ET Q q 0 0 0 rg BT 252.59 670.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 277.87 670.10 Td (we ) Tj ET Q q 0 0 0 rg BT 292.32 670.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 327.87 670.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 370.36 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.58 670.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.47 670.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 452.57 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.57 670.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 513.67 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.79 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 670.10 Td (MRB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.70 658.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 89.05 658.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 134.17 658.10 Td (into ) Tj ET Q q 0 0 0 rg BT 152.63 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.75 658.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 209.44 658.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 235.13 658.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 274.96 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.64 658.10 Td (order ) Tj ET Q q 0 0 0 rg BT 309.64 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.32 658.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 353.75 658.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 401.63 658.10 Td (syner) Tj ET Q q 0 0 0 rg BT 423.11 658.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 442.12 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.46 658.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 489.56 665.03 74.93 -9.09 re f /GS0 gs q 0 0 0 rg BT 489.56 658.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 519.11 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.34 658.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 653.03 251.90 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 646.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.20 646.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 129.24 646.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 167.89 646.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 195.12 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.56 646.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 232.70 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.14 646.10 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.90 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.34 646.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 319.78 646.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 350.10 653.03 214.39 -9.09 re f /GS0 gs q 0 0 0 rg BT 350.10 646.10 Td (through ) Tj ET Q q 0 0 0 rg BT 382.65 646.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 422.97 646.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 468.56 646.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 504.98 646.10 Td (or) Tj ET Q q 0 0 0 rg BT 513.13 646.10 Td (ganizational ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 641.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 634.10 Td (layers, ) Tj ET Q q 0 0 0 rg BT 78.62 634.10 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 134.75 634.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 163.09 634.10 Td (service ) Tj ET Q q 0 0 0 rg BT 193.65 634.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 233.12 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.80 634.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 287.03 634.10 Td (other ) Tj ET Q q 0 0 0 rg BT 309.82 634.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 369.27 634.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 393.86 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 402.49 634.10 Td (e ) Tj ET Q q 0 0 0 rg BT 409.18 634.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 449.74 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.20 634.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 490.47 634.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 510.49 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.18 634.10 Td (tar) Tj ET Q q 0 0 0 rg BT 537.54 634.10 Td (get ) Tj ET Q q 0 0 0 rg BT 552.00 634.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 629.03 208.67 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 622.10 Td (initiating ) Tj ET Q q 0 0 0 rg BT 88.78 622.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 128.66 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.11 622.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 163.44 622.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 186.12 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.57 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 218.68 622.10 Td (additional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.67 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.34 622.10 Td ($35 ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 279.02 629.03 285.49 -9.09 re f /GS0 gs q 0 0 0 rg BT 279.02 622.10 Td (million ) Tj ET Q q 0 0 0 rg BT 310.58 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.03 622.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.24 622.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 393.57 622.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 433.45 622.10 Td (through ) Tj ET Q q 0 0 0 rg BT 467.23 622.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 509.90 622.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 554.23 622.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 617.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 610.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 93.31 610.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 125.25 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.63 610.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 199.10 610.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 239.63 610.10 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 291.56 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.83 610.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 360.97 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.35 610.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 422.07 610.10 Td (services ) Tj ET Q q 0 0 0 rg BT 456.21 610.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 497.86 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.24 610.10 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 605.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.76 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.08 598.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 114.82 598.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 150.12 598.10 Td (through ) Tj ET Q q 0 0 0 rg BT 183.21 598.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 225.18 598.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 255.49 598.10 Td (closures, ) Tj ET Q q 0 0 0 rg BT 292.74 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 312.50 598.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 372.25 598.10 Td (two-thirds ) Tj ET Q q 0 0 0 rg BT 415.34 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.65 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.85 598.10 Td (tar) Tj ET Q q 0 0 0 rg BT 450.22 598.10 Td (get ) Tj ET Q q 0 0 0 rg BT 464.42 598.10 Td (coming ) Tj ET Q q 0 0 0 rg BT 496.40 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 517.82 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.24 598.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 593.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.48 586.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 87.71 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.42 586.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 125.32 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.47 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.39 586.10 Td (rest ) Tj ET Q q 0 0 0 rg BT 174.53 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 196.67 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.81 586.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 244.27 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.76 586.10 Td (production ) Tj ET Q q 0 0 0 rg BT 300.78 586.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 325.99 586.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.90 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 375.22 586.10 Td (AMR. ) Tj ET Q q 0 0 0 rg BT 403.21 586.10 Td (Collectively) Tj ET Q q 0 0 0 rg BT 451.44 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.64 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.56 586.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 513.70 586.10 Td (commenced ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 581.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.38 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.19 574.10 Td (second ) Tj ET Q q 0 0 0 rg BT 105.56 574.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 136.48 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.40 574.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 171.66 574.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 194.26 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.30 574.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 252.21 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.59 574.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 309.63 574.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 344.43 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 384.80 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.62 574.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 441.66 574.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 492.57 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.94 574.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 527.20 574.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 549.80 574.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 569.03 280.17 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 562.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 84.43 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.99 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 106.11 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.12 562.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 147.93 562.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 171.00 562.10 Td (In ) Tj ET Q q 0 0 0 rg BT 182.12 562.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 206.56 562.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 231.85 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 246.30 562.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 284.63 562.10 Td (approximat) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.17 562.10 Td (ely ) Tj ET Q q 0 0 0 rg BT 345.17 562.10 Td ($78 ) Tj ET Q q 0 0 0 rg BT 362.96 562.10 Td (million ) Tj ET Q q 0 0 0 rg BT 394.64 562.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 402.97 569.03 161.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 402.97 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.76 562.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 447.99 562.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 482.43 562.10 Td (related ) Tj ET Q q 0 0 0 rg BT 512.42 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.99 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.00 562.10 Td (Q1'15 ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 557.03 115.53 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.86 550.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 91.31 550.10 Td (Plans, ) Tj ET Q q 0 0 0 rg BT 116.90 550.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 157.75 550.10 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.53 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.95 550.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 183.37 550.10 Td (million ) Tj ET Q q 0 0 0 rg BT 213.69 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.89 550.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 245.97 550.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 269.88 557.03 294.63 -9.09 re f /GS0 gs q 0 0 0 rg BT 269.79 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.43 550.10 Td (e ) Tj ET Q q 0 0 0 rg BT 284.29 550.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 311.81 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.01 550.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 352.96 550.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 404.94 550.10 Td (all ) Tj ET Q q 0 0 0 rg BT 416.36 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.11 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.75 550.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 480.61 550.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 508.69 550.10 Td (improvement ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 545.03 316.98 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 538.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 538.10 Td (get ) Tj ET Q q 0 0 0 rg BT 75.08 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.91 538.10 Td ($95 ) Tj ET Q q 0 0 0 rg BT 103.41 538.10 Td (million ) Tj ET Q q 0 0 0 rg BT 134.80 538.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 178.40 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 198.68 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.39 538.10 Td (Q1'15 ) Tj ET Q q 0 0 0 rg BT 239.92 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.86 538.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 283.38 538.10 Td (Plans ) Tj ET Q q 0 0 0 rg BT 307.55 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.83 538.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 341.98 538.10 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.10 517.10 Td (char) Tj ET Q q 0 0 0 rg BT 124.13 517.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 140.13 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.23 517.10 Td (other ) Tj ET Q q 0 0 0 rg BT 180.45 517.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 228.64 517.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 267.41 517.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 303.39 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.83 517.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 360.37 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.82 517.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 399.60 517.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 440.03 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.13 517.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 508.68 517.10 Td (improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 73.61 505.10 Td (for ) Tj ET Q q 0 0 0 rg BT 87.77 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.49 505.10 Td (last ) Tj ET Q q 0 0 0 rg BT 118.87 505.10 Td (three ) Tj ET Q q 0 0 0 rg BT 141.36 505.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 165.51 505.10 Td (years ) Tj ET Q q 0 0 0 rg BT 189.11 505.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 214.94 505.10 Td (August ) Tj ET Q q 0 0 0 rg BT 246.33 505.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 258.83 505.10 Td (were ) Tj ET Q q 0 0 0 rg BT 280.76 505.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 324.91 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.74 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.46 505.10 Td (following ) Tj ET Q q 0 0 0 rg BT 391.85 505.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 405.45 505.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 435.60 173.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 435.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 435.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 435.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 435.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 435.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 435.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 435.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 435.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 435.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 435.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 405.60 173.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 405.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 405.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 405.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 405.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 405.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 405.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 405.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 405.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 405.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 405.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 375.60 173.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 375.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 375.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 375.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 375.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 375.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 375.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 375.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 375.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 375.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 375.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 375.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 375.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 375.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 375.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 375.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 344.60 173.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 344.60 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 344.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 344.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 344.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 344.60 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 344.60 8.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 344.60 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 344.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 344.60 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 344.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 344.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 344.60 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 344.60 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 344.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 344.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 304.60 173.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 304.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 304.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 304.60 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 304.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 304.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 304.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 304.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 304.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 304.60 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 304.60 38.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 266.60 173.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 222.50 266.60 37.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 259.50 266.60 4.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 263.50 266.60 40.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 303.50 266.60 4.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 307.50 266.60 40.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 347.50 266.60 8.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 355.50 266.60 37.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 392.50 266.60 4.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 396.50 266.60 37.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 433.50 266.60 4.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 437.50 266.60 38.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 475.50 266.60 7.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.50 266.60 37.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 519.50 266.60 4.00 -4.00 re f /GS0 gs 1 1 1 rg /GS0 gs 523.50 266.60 38.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 262.60 254.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 262.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 262.60 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 262.60 8.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 262.60 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 262.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 262.60 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 262.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 262.60 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 262.60 7.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 262.60 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 262.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 262.60 38.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 479.6 m 259.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 479.6 m 263.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 479.6 m 303.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 479.6 m 307.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 479.6 m 347.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 479.6 m 355.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 479.6 m 392.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 479.6 m 396.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 479.6 m 433.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 479.6 m 437.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 479.6 m 475.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 479.6 m 482.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 479.6 m 519.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 479.6 m 523.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 479.6 m 561.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 479.6 m 259.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 464.6 m 259.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 464.6 m 263.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 464.6 m 303.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 464.6 m 307.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 464.6 m 347.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 464.6 m 392.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 464.6 m 396.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 464.6 m 433.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 464.6 m 437.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 464.6 m 475.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 479.6 m 519.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 464.6 m 519.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 479.6 m 523.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 464.6 m 523.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 479.6 m 561.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 464.6 m 561.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 464.6 m 259.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 435.6 m 259.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 464.6 m 263.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 464.6 m 303.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 435.6 m 303.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 464.6 m 307.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 464.6 m 347.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 435.6 m 347.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 464.6 m 392.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 435.6 m 392.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 464.6 m 396.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 464.6 m 433.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 435.6 m 433.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 464.6 m 437.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 464.6 m 475.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 435.6 m 475.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 464.6 m 519.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 435.6 m 519.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 464.6 m 523.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 464.6 m 561.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 435.6 m 561.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 375.6 m 259.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 375.6 m 303.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 375.6 m 392.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 375.6 m 433.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 375.6 m 519.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 375.6 m 259.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 360.6 m 259.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 375.6 m 303.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 360.6 m 303.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 375.6 m 347.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 360.6 m 347.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 375.6 m 392.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 360.6 m 392.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 375.6 m 433.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 360.6 m 433.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 375.6 m 475.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 360.6 m 475.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 375.6 m 519.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 360.6 m 519.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 375.6 m 561.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 360.6 m 561.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 304.6 m 259.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 304.6 m 303.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 304.6 m 347.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 304.6 m 392.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 304.6 m 433.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 304.6 m 475.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 304.6 m 519.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 304.6 m 561.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 289.6 m 259.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 266.6 m 259.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 289.6 m 303.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 266.6 m 303.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 289.6 m 347.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 266.6 m 347.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 289.6 m 392.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 266.6 m 392.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 289.6 m 433.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 266.6 m 433.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 289.6 m 475.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 266.6 m 475.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 289.6 m 519.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 266.6 m 519.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 289.6 m 561.5 289.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 266.6 m 561.5 266.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.50 469.05 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.00 469.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.50 469.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 234.70 456.00 Td (All) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.05 447.00 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.95 438.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.25 449.05 Td (Q215) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.20 440.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.15 449.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 311.00 440.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.70 456.00 Td (All) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.05 447.00 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 362.95 438.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.75 449.05 Td (Q215) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.70 440.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.15 449.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 440.00 440.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.70 456.00 Td (All) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.05 447.00 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.95 438.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.15 449.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 440.05 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.27 Td (Restructuring charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 410.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 410.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 410.27 Td (4,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 410.27 Td (4,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 410.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.10 410.27 Td (5,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 410.27 Td (5,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 410.27 Td (4,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 410.27 Td (4,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 395.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 395.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 395.27 Td (796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 395.27 Td (1,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 395.27 Td (377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.10 395.27 Td (1,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 395.27 Td (1,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 395.27 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 395.27 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 380.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 380.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 380.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 380.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 380.27 Td (1,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.10 380.27 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 380.27 Td (3,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 380.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 380.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 365.27 Td (Total restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 365.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 365.27 Td (5,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 365.27 Td (6,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 365.27 Td (1,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.10 365.27 Td (8,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 365.27 Td (10,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 365.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 365.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET 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(566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 294.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 280.17 Td (Total restructuring charges and exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 270.17 Td (related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 271.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 271.27 Td (7,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 271.27 Td (7,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.10 271.27 Td (1,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.10 271.27 Td (15,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 271.27 Td (17,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 271.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 271.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 271.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 253.17 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 243.17 Td (included in continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 244.27 Td (6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 244.27 Td (13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 244.27 Td (6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 230.17 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 220.17 Td (included in discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 221.27 Td (1,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 221.27 Td (4,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 221.27 Td (137) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 196.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.41 196.10 Td (do ) Tj ET Q q 0 0 0 rg BT 77.75 196.10 Td (not ) Tj ET Q q 0 0 0 rg BT 92.87 196.10 Td (include ) Tj ET Q q 0 0 0 rg BT 124.64 196.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 178.07 196.10 Td (char) Tj ET Q q 0 0 0 rg BT 195.10 196.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 210.77 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.54 196.10 Td (other ) Tj ET Q q 0 0 0 rg BT 250.43 196.10 Td 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Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 77.4951171875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 740.7669921875 m 97.4951171875 740.7669921875 l s q 0 0 0 rg BT 77.50 742.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 740.7669921875 m 186.005859375 740.7669921875 l s q 0 0 0 rg BT 97.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 742.10 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 742.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 742.10 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 740.7669921875 m 206.005859375 740.7669921875 l s q 0 0 0 rg BT 186.01 742.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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(compares ) Tj ET Q q 0 0 0 rg BT 91.75 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.96 676.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 139.72 676.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.70 676.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 234.90 676.10 Td (income ) Tj ET Q q 0 0 0 rg BT 267.76 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.53 676.10 Td ($33 ) Tj ET Q q 0 0 0 rg BT 297.96 676.10 Td (million ) Tj ET Q q 0 0 0 rg BT 330.29 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.50 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.15 676.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 380.02 676.10 Td (year) Tj ET Q q 0 0 0 rg BT 396.83 676.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.76 676.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.64 676.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 469.06 676.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.04 676.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.91 676.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 664.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 83.07 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.12 664.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 106.84 664.10 Td (million ) Tj ET Q q 0 0 0 rg BT 138.45 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 664.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 209.41 664.10 Td (char) Tj ET Q q 0 0 0 rg BT 226.44 664.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 242.49 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.64 664.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.91 664.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 331.15 664.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 369.97 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.02 664.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 393.73 664.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 427.84 664.10 Td (See ) Tj ET Q q 0 0 0 rg BT 445.00 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.93 664.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 517.62 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.67 664.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 91.24 652.10 Td (income ) Tj ET Q q 0 0 0 rg BT 124.16 652.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 149.86 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.11 652.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 208.52 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.00 652.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 252.69 652.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 294.49 652.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.19 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.88 652.10 Td (end ) Tj ET Q q 0 0 0 rg BT 338.80 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.61 652.10 Td (this ) Tj ET Q q 0 0 0 rg BT 368.54 652.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 390.34 652.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 401.32 652.10 Td (In ) Tj ET Q q 0 0 0 rg BT 413.13 652.10 Td (an ) Tj ET Q q 0 0 0 rg BT 426.04 652.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 480.07 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.88 652.10 Td (sharply ) Tj ET Q q 0 0 0 rg BT 524.79 652.10 Td (declining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.57 640.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 125.96 640.10 Td (average ) Tj ET Q q 0 0 0 rg BT 159.06 640.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 199.39 640.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 221.41 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.20 640.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 254.87 640.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 276.88 640.10 Td (did ) Tj ET Q q 0 0 0 rg BT 291.68 640.10 Td (not ) Tj ET Q q 0 0 0 rg BT 306.47 640.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 342.90 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 353.24 640.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 385.25 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.60 640.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 433.15 640.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 455.16 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 468.84 640.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 485.84 640.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 527.00 640.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.03 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.73 628.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 111.76 628.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 144.55 628.10 Td (ef) Tj ET Q q 0 0 0 rg BT 152.14 628.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 169.38 628.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.64 628.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 200.00 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.59 628.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 236.73 628.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 255.66 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.35 628.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 325.16 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.74 628.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 375.76 628.10 Td (mar) Tj ET Q q 0 0 0 rg BT 391.13 628.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 410.05 628.10 Td (at ) Tj ET Q q 0 0 0 rg BT 419.03 628.10 Td (AMR. ) Tj ET Q q 0 0 0 rg BT 446.40 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 464.21 628.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 489.23 628.10 Td (price ) Tj ET Q q 0 0 0 rg BT 511.47 628.10 Td (environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (during ) Tj ET Q q 0 0 0 rg BT 79.11 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.34 616.10 Td (year ) Tj ET Q q 0 0 0 rg BT 114.55 616.10 Td (also ) Tj ET Q q 0 0 0 rg BT 133.66 616.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 174.98 616.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 214.64 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.86 616.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 259.54 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.87 616.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 294.98 616.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 322.69 616.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.14 616.10 Td (led ) Tj ET Q q 0 0 0 rg BT 365.36 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.14 616.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 401.92 616.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 444.35 616.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 481.24 616.10 Td (further ) Tj ET Q q 0 0 0 rg BT 511.46 616.10 Td (compressing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.39 604.10 Td (mar) Tj ET Q q 0 0 0 rg BT 105.75 604.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 127.36 604.10 Td (The ) Tj ET Q q 0 0 0 rg BT 145.53 604.10 Td (ef) Tj ET Q q 0 0 0 rg BT 153.12 604.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 174.62 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.57 604.10 Td (these ) Tj ET Q q 0 0 0 rg BT 208.74 604.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 241.90 604.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 286.19 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 298.81 604.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 339.20 604.10 Td (results ) Tj ET Q q 0 0 0 rg BT 367.93 604.10 Td (were ) Tj ET Q q 0 0 0 rg BT 389.98 604.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 425.93 604.10 Td (of) Tj ET Q q 0 0 0 rg BT 434.08 604.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 451.14 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.76 604.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 498.04 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.44 604.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 527.18 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.13 604.10 Td (goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 69.01 592.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 106.34 592.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.12 592.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 181.55 592.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 212.22 592.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 236.21 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.33 592.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 275.31 592.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 300.42 592.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 322.75 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.42 592.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 381.59 592.10 Td (including ) Tj ET Q q 0 0 0 rg BT 421.70 592.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 465.13 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.91 592.10 Td (other ) Tj ET Q q 0 0 0 rg BT 504.79 592.10 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 75.55 580.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 131.37 580.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 172.19 580.10 Td (results ) Tj ET Q q 0 0 0 rg BT 201.34 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.17 580.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 236.88 580.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.92 580.10 Td (also ) Tj ET Q q 0 0 0 rg BT 279.08 580.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 319.33 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 341.82 580.10 Td (an ) Tj ET Q q 0 0 0 rg BT 354.31 580.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 390.11 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.94 580.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.75 580.10 Td (income ) Tj ET Q q 0 0 0 rg BT 474.24 580.10 Td (at ) Tj ET Q q 0 0 0 rg BT 484.50 580.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 508.67 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.05 580.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 533.10 580.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.71 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 100.54 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.48 568.10 Td (result ) Tj ET Q q 0 0 0 rg BT 132.20 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.03 568.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 171.07 568.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 193.01 568.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 231.90 568.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 272.15 568.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 301.32 568.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 319.93 568.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 362.98 568.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 388.80 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.74 568.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 431.01 568.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 458.24 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.74 568.10 Td (expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.20 547.10 Td (results ) Tj ET Q q 0 0 0 rg BT 120.53 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.52 547.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 154.39 547.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 176.61 547.10 Td (included ) Tj ET Q q 0 0 0 rg BT 213.26 547.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.92 547.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 259.90 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.89 547.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 322.65 547.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 349.88 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.10 547.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 386.52 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.07 547.10 Td ($17 ) Tj ET Q q 0 0 0 rg BT 414.29 547.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 447.90 547.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.44 547.10 Td (9%, ) Tj ET Q q 0 0 0 rg BT 476.49 547.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 518.13 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.13 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 547.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.56 535.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 109.12 535.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.79 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.58 535.10 Td (result ) Tj ET Q q 0 0 0 rg BT 151.15 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.83 535.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 186.94 535.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 228.16 535.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 286.05 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.73 535.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 314.08 535.10 Td (million ) Tj ET Q q 0 0 0 rg BT 345.32 535.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 388.76 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.89 535.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 452.33 535.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 496.34 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.13 535.10 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 91.05 523.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 144.87 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.26 523.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 177.53 523.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 199.14 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.19 523.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 236.81 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.86 523.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 286.12 523.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 324.38 523.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.53 523.10 Td (from ) Tj ET Q q 0 0 0 rg BT 402.59 523.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 426.97 523.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.56 523.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 518.20 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.25 523.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.69 511.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 90.27 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.62 511.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 151.07 511.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 186.19 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.43 511.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 210.34 511.10 Td (million ) Tj ET Q q 0 0 0 rg BT 242.15 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.50 511.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.85 511.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 289.19 511.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 333.20 511.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 371.11 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.80 511.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.15 511.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 435.38 511.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 498.27 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.51 511.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 522.42 511.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.22 511.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.16 499.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.44 478.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 145.86 478.10 Td (results ) Tj ET Q q 0 0 0 rg BT 174.63 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.07 478.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.39 478.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.39 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.05 478.10 Td (also ) Tj ET Q q 0 0 0 rg BT 250.83 478.10 Td (included ) Tj ET Q q 0 0 0 rg BT 287.92 478.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 341.68 478.10 Td (char) Tj ET Q q 0 0 0 rg BT 358.70 478.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 374.70 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.80 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.01 478.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 463.20 478.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 501.96 478.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.95 478.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 530.61 478.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.08 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.51 466.10 Td (char) Tj ET Q q 0 0 0 rg BT 119.54 466.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 135.53 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.51 466.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 159.17 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.06 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.72 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.15 466.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.46 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.46 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.03 466.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 295.46 466.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 349.21 466.10 Td (char) Tj ET Q q 0 0 0 rg BT 366.24 466.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 382.23 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.32 466.10 Td (other ) Tj ET Q q 0 0 0 rg BT 422.52 466.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 470.71 466.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 509.46 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.45 466.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 533.10 466.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.63 454.10 Td (included ) Tj ET Q q 0 0 0 rg BT 108.26 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.24 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.66 454.10 Td (results ) Tj ET Q q 0 0 0 rg BT 160.96 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.49 454.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 224.80 454.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 268.65 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.63 454.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 302.49 454.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 327.19 454.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 368.81 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.79 454.10 Td (char) Tj ET Q q 0 0 0 rg BT 395.81 454.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 411.34 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.87 454.10 Td (less ) Tj ET Q q 0 0 0 rg BT 439.07 454.10 Td (than ) Tj ET Q q 0 0 0 rg BT 458.49 454.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 470.69 454.10 Td (million ) Tj ET Q q 0 0 0 rg BT 501.78 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.64 454.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.49 454.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.30 442.10 Td (char) Tj ET Q q 0 0 0 rg BT 124.33 442.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 140.53 442.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 180.61 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.81 442.10 Td (severance, ) Tj ET Q q 0 0 0 rg BT 236.59 442.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 271.66 442.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 320.63 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.93 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 361.35 442.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 415.31 442.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 440.68 442.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 466.31 442.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 514.71 442.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 553.67 442.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 62.60 430.10 Td (million ) Tj ET Q q 0 0 0 rg BT 94.09 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.47 430.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 128.72 430.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 151.32 430.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 191.14 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.07 430.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 224.10 430.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 276.69 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.73 430.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 341.29 430.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 393.30 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.23 430.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 430.16 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.54 430.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 487.01 430.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.39 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.20 430.10 Td (closure ) Tj ET Q q 0 0 0 rg BT 553.68 430.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 418.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 126.36 418.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 168.28 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.56 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 201.61 418.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 249.63 418.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 288.23 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.06 418.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 311.56 418.10 Td (million ) Tj ET Q q 0 0 0 rg BT 342.95 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.11 418.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 381.27 418.10 Td (2014. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (Other Income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 74.96 379.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 109.08 379.10 Td (net ) Tj ET Q q 0 0 0 rg BT 123.49 379.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.23 379.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 153.42 379.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.31 379.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.00 379.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 199.19 379.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.08 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.27 379.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.90 379.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 259.09 379.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.17 379.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.02 379.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.87 379.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 352.56 379.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 374.75 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.38 379.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.38 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.07 379.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 463.73 379.10 Td (. ) Tj ET Q q 0 0 0 rg BT 468.26 379.10 Td (The ) Tj ET Q q 0 0 0 rg BT 486.00 379.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 520.39 379.10 Td (among ) Tj ET Q q 0 0 0 rg BT 549.80 379.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.54 367.10 Td (years ) Tj ET Q q 0 0 0 rg BT 96.51 367.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 136.71 367.10 Td (were ) Tj ET Q q 0 0 0 rg BT 158.02 367.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 197.11 367.10 Td (due ) Tj ET Q q 0 0 0 rg BT 213.43 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.09 367.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 257.17 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.83 367.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 297.59 367.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 334.44 367.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 357.43 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.75 367.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 399.52 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 411.40 367.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 461.04 367.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 514.58 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.23 367.10 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 82.06 355.10 Td (For ) Tj ET Q q 0 0 0 rg BT 98.30 355.10 Td (more ) Tj ET Q q 0 0 0 rg BT 121.19 355.10 Td (information ) Tj ET Q q 0 0 0 rg BT 170.75 355.10 Td (about ) Tj ET Q q 0 0 0 rg BT 195.31 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.99 355.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 242.21 355.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 279.53 355.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 332.14 355.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.25 355.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 369.03 355.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.03 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.38 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.73 355.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 424.96 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.63 355.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 481.34 355.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 530.34 355.10 Td (Policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 343.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 100.83 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.10 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.82 343.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 181.09 343.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 220.81 343.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 267.19 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.47 343.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 296.07 343.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 307.73 343.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 336.06 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.89 343.10 Td (this ) Tj ET Q q 0 0 0 rg BT 363.84 343.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Interest Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.10 307.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 116.41 307.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.08 307.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 146.19 307.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.08 307.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.69 307.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 191.80 307.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.69 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.80 307.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.35 307.10 Td ($1) Tj ET Q q 0 0 0 rg BT 248.98 307.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 256.09 307.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.98 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.09 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.87 307.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.63 307.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 349.24 307.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 371.35 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.90 307.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.90 307.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.51 307.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 460.17 307.10 Td (. ) Tj ET Q q 0 0 0 rg BT 464.63 307.10 Td (The ) Tj ET Q q 0 0 0 rg BT 482.29 307.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 518.82 307.10 Td (from ) Tj ET Q q 0 0 0 rg BT 540.36 307.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 72.10 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.98 295.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 105.74 295.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 127.84 295.10 Td (was ) Tj ET Q q 0 0 0 rg BT 145.50 295.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 184.81 295.10 Td (due ) Tj ET Q q 0 0 0 rg BT 201.35 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.23 295.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 252.75 295.10 Td (average ) Tj ET Q q 0 0 0 rg BT 285.93 295.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 333.59 295.10 Td (under ) Tj ET Q q 0 0 0 rg BT 358.46 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.89 295.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 395.43 295.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 420.30 295.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 459.17 295.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.82 295.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.14 295.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.24 295.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.00 295.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.20 283.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 117.17 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.27 283.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 162.68 283.10 Td (average ) Tj ET Q q 0 0 0 rg BT 196.53 283.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 244.85 283.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 287.04 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.58 283.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 322.00 283.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.77 283.10 Td (was ) Tj ET Q q 0 0 0 rg BT 363.09 283.10 Td (of) Tj ET Q q 0 0 0 rg BT 371.24 283.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 388.44 283.10 Td (by ) Tj ET Q q 0 0 0 rg BT 401.21 283.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 429.52 283.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 461.72 283.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 483.36 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.57 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.55 283.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 547.58 283.10 Td (f ) Tj ET Q q 0 0 0 rg BT 553.67 283.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.96 271.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 106.59 271.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.34 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.42 271.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 153.16 271.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 187.30 271.10 Td (For ) Tj ET Q q 0 0 0 rg BT 203.94 271.10 Td (more ) Tj ET Q q 0 0 0 rg BT 227.24 271.10 Td (information ) Tj ET Q q 0 0 0 rg BT 277.20 271.10 Td (about ) Tj ET Q q 0 0 0 rg BT 302.16 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.24 271.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 367.65 271.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 387.62 271.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 427.29 271.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.81 271.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.99 271.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.99 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.74 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.49 271.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 502.68 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.20 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.17 271.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.25 271.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 259.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 119.99 259.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 159.70 259.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 206.08 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.36 259.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 234.97 259.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 246.63 259.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 274.96 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.79 259.10 Td (this ) Tj ET Q q 0 0 0 rg BT 302.73 259.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 238.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 101.30 238.10 Td (\(Expense\) ) Tj ET Q q 0 0 0 rg BT 145.46 238.10 Td (Benefit) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 197.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 197.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 197.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 197.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 167.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 167.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 167.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 167.60 74.00 -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 333.5 212.60000000000002 m 406.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 212.60000000000002 m 410.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 212.60000000000002 m 483.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 212.60000000000002 m 487.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 212.60000000000002 m 561.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 197.60000000000002 m 406.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 197.60000000000002 m 483.5 197.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 197.60000000000002 m 561.5 197.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 217.28 Td (Year Ended August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.50 202.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.50 202.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 202.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 187.27 Td (Income \(loss\) from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 187.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.45 187.27 Td (\(15,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 187.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 187.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 187.32 Td (\(200,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 187.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 187.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 187.27 Td (14,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 172.27 Td (Income tax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 172.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.95 172.27 Td (\(735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 172.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 172.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 172.27 Td (12,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 172.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 172.32 Td (\(2,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 172.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 157.27 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.45 157.27 Td (\(4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 157.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 157.27 Td (6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 157.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 157.27 Td (17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 157.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.17 135.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.58 135.10 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 137.63 135.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 167.58 135.10 Td (from ) Tj ET Q q 0 0 0 rg BT 189.21 135.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 234.17 135.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 278.01 135.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.75 135.10 Td ($\(1\) ) Tj ET Q q 0 0 0 rg BT 314.60 135.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.49 135.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.18 135.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 365.37 135.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.26 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.45 135.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.07 135.10 Td ($\(3\) ) Tj ET Q q 0 0 0 rg BT 431.92 135.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.81 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.00 135.10 Td (for ) Tj ET Q q 0 0 0 rg BT 476.85 135.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.69 135.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 525.38 135.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 547.56 135.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 123.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 123.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.66 123.10 Td (.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (36) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.15 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.74 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.54 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 120.36 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.94 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.98 742.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 205.35 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.60 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.98 742.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.24 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.24 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.84 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 324.99 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 337.02 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 371.83 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.76 742.10 Td (4.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.59 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.69 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 435.73 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 453.88 742.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 479.25 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 499.06 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.88 742.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.26 742.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 87.17 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 104.32 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.82 730.10 Td (35%. ) Tj ET Q q 0 0 0 rg BT 137.67 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.38 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 162.97 730.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 192.34 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 206.73 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 223.89 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 241.61 730.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 275.42 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.25 730.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 328.64 730.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 375.23 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 387.40 730.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 422.88 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.27 730.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 462.77 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.37 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.76 730.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 534.79 730.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.56 718.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 91.67 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 123.34 718.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 147.23 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 156.68 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 167.61 718.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 193.16 718.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 216.61 718.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 243.28 718.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 287.17 718.10 Td (were ) Tj ET Q q 0 0 0 rg BT 308.83 718.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 344.39 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 352.54 718.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 369.21 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 381.44 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.89 718.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 440.32 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.89 718.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 482.00 718.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 528.11 718.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 550.35 718.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.36 706.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 104.55 706.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.25 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 153.82 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.18 706.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 202.53 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.35 706.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 255.14 706.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 294.50 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.97 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.33 706.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 354.23 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.15 706.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 399.60 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 413.96 706.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 453.31 706.10 Td (from ) Tj ET Q q 0 0 0 rg BT 474.90 706.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 538.68 706.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 69.97 694.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 100.48 694.10 Td (state ) Tj ET Q q 0 0 0 rg BT 122.11 694.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.18 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.70 694.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 200.36 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 219.21 694.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 255.27 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.35 694.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 306.87 694.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 350.70 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.00 694.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 400.61 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.13 694.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 442.77 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 461.62 694.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 508.79 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.42 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.16 694.10 Td (result ) Tj ET Q q 0 0 0 rg BT 553.68 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 86.48 682.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 127.12 682.10 Td (including ) Tj ET Q q 0 0 0 rg BT 167.50 682.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 194.53 682.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 221.03 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.41 682.10 Td (all ) Tj ET Q q 0 0 0 rg BT 244.01 682.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.83 682.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 313.38 682.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 365.99 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.81 682.10 Td (more ) Tj ET Q q 0 0 0 rg BT 403.96 682.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 447.11 682.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 481.38 682.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 522.02 682.10 Td (indicating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.11 670.10 Td (it ) Tj ET Q q 0 0 0 rg BT 74.78 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 83.56 670.10 Td (more ) Tj ET Q q 0 0 0 rg BT 106.22 670.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 131.10 670.10 Td (than ) Tj ET Q q 0 0 0 rg BT 150.43 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 165.32 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.43 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 670.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 239.96 670.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.29 670.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 284.17 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 301.83 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 316.72 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.27 670.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 364.53 670.10 Td (Realization ) Tj ET Q q 0 0 0 rg BT 412.18 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.62 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.95 670.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 472.36 670.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.69 670.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 512.13 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.92 670.10 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 73.11 658.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 118.42 658.10 Td (suf) Tj ET Q q 0 0 0 rg BT 130.46 658.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 159.11 658.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 191.08 658.10 Td (income ) Tj ET Q q 0 0 0 rg BT 223.63 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.51 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.83 658.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 294.04 658.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 309.36 658.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 361.91 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.79 658.10 Td (future ) Tj ET Q q 0 0 0 rg BT 399.78 658.10 Td (years ) Tj ET Q q 0 0 0 rg BT 423.98 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.87 658.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 465.74 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 488.29 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.61 658.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 538.36 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 658.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 94.15 646.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 137.74 646.10 Td (dif) Tj ET Q q 0 0 0 rg BT 148.67 646.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 184.48 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.42 646.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.35 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.07 646.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 281.12 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.95 646.10 Td (net ) Tj ET Q q 0 0 0 rg BT 306.67 646.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 346.93 646.10 Td (losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.60 625.10 Td (ef) Tj ET Q q 0 0 0 rg BT 76.19 625.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 106.44 625.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.70 625.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 139.74 625.10 Td (from ) Tj ET Q q 0 0 0 rg BT 162.22 625.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 208.05 625.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 252.75 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.58 625.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 288.28 625.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 311.33 625.10 Td (was ) Tj ET Q q 0 0 0 rg BT 329.93 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.42 625.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 368.23 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.61 625.10 Td (6.3%, ) Tj ET Q q 0 0 0 rg BT 405.98 625.10 Td (which ) Tj ET Q q 0 0 0 rg BT 433.47 625.10 Td (was ) Tj ET Q q 0 0 0 rg BT 452.07 625.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 477.89 625.10 Td (than ) Tj ET Q q 0 0 0 rg BT 498.15 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.42 625.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.25 625.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 87.01 613.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 104.01 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.35 613.10 Td (35%. ) Tj ET Q q 0 0 0 rg BT 137.05 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 154.61 613.10 Td (ef) Tj ET Q q 0 0 0 rg BT 162.20 613.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 191.41 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 205.64 613.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 222.64 613.10 Td (was ) Tj ET Q q 0 0 0 rg BT 240.20 613.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 273.86 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.88 613.10 Td (33% ) Tj ET Q q 0 0 0 rg BT 306.22 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.89 613.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 359.12 613.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 405.56 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 417.57 613.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 452.89 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 467.12 613.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 492.46 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.91 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 613.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 78.92 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.95 601.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 130.08 601.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 160.67 601.10 Td (income ) Tj ET Q q 0 0 0 rg BT 191.80 601.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 215.16 601.10 Td (at ) Tj ET Q q 0 0 0 rg BT 224.08 601.10 Td (dif) Tj ET Q q 0 0 0 rg BT 235.01 601.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 260.03 601.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 282.98 601.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 309.12 601.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 346.93 601.10 Td (were ) Tj ET Q q 0 0 0 rg BT 368.06 601.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 403.08 601.10 Td (of) Tj ET Q q 0 0 0 rg BT 411.23 601.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 427.37 601.10 Td (by ) Tj ET Q q 0 0 0 rg BT 439.08 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.00 601.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 500.24 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.27 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.42 601.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 533.12 601.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.01 589.10 Td (related ) Tj ET Q q 0 0 0 rg BT 109.46 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.48 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.94 589.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 178.38 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.96 589.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 220.08 589.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 266.21 589.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 288.45 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.36 589.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 316.82 589.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 356.95 589.10 Td (The ) Tj ET Q q 0 0 0 rg BT 374.75 589.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 409.75 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.77 589.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 459.23 589.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 502.00 589.10 Td (on ) Tj ET Q q 0 0 0 rg BT 514.25 589.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 549.80 589.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.84 577.10 Td (was ) Tj ET Q q 0 0 0 rg BT 95.91 577.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 143.29 577.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.13 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.09 577.10 Td (result ) Tj ET Q q 0 0 0 rg BT 188.82 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.66 577.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 238.05 577.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 279.60 577.10 Td (including ) Tj ET Q q 0 0 0 rg BT 320.88 577.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 348.82 577.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 376.23 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.52 577.10 Td (all ) Tj ET Q q 0 0 0 rg BT 401.03 577.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.76 577.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 472.22 577.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 525.73 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 577.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 93.04 565.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 127.21 565.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 167.74 565.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 210.23 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 227.72 565.10 Td (it ) Tj ET Q q 0 0 0 rg BT 235.78 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.95 565.10 Td (more ) Tj ET Q q 0 0 0 rg BT 268.00 565.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 293.27 565.10 Td (than ) Tj ET Q q 0 0 0 rg BT 312.99 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 328.27 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 345.76 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.48 565.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 404.07 565.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.79 565.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 449.05 565.10 Td (will ) Tj ET Q q 0 0 0 rg BT 467.11 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.39 565.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.33 565.10 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.51 544.10 Td (ef) Tj ET Q q 0 0 0 rg BT 76.10 544.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 106.25 544.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.43 544.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 139.37 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 161.77 544.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 207.50 544.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 252.11 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.84 544.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 287.45 544.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 310.41 544.10 Td (was ) Tj ET Q q 0 0 0 rg BT 328.92 544.10 Td (an ) Tj ET Q q 0 0 0 rg BT 341.31 544.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 376.48 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.76 544.10 Td (17.2% ) Tj ET Q q 0 0 0 rg BT 416.55 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.95 544.10 Td (was ) Tj ET Q q 0 0 0 rg BT 452.45 544.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 478.18 544.10 Td (than ) Tj ET Q q 0 0 0 rg BT 498.35 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.53 544.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.27 544.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 86.66 532.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 103.31 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.31 532.10 Td (35%. ) Tj ET Q q 0 0 0 rg BT 135.69 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.90 532.10 Td (ef) Tj ET Q q 0 0 0 rg BT 160.49 532.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 189.36 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.24 532.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 219.89 532.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 258.76 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.86 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.97 532.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 308.18 532.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 329.29 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.17 532.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 364.84 532.10 Td (study ) Tj ET Q q 0 0 0 rg BT 388.17 532.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 431.49 532.10 Td (during ) Tj ET Q q 0 0 0 rg BT 459.26 532.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 482.58 532.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 504.25 532.10 Td (which ) Tj ET Q q 0 0 0 rg BT 530.35 532.10 Td (resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.54 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.51 520.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 120.81 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.89 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.09 520.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.06 520.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 180.58 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.67 520.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 202.43 520.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 235.58 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.66 520.10 Td (well ) Tj ET Q q 0 0 0 rg BT 264.64 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 274.72 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.70 520.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 329.32 520.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 358.29 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.37 520.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 409.56 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 440.75 520.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 483.60 520.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.14 520.10 Td (noncontrolling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 87.66 508.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 118.37 508.10 Td (income ) Tj ET Q q 0 0 0 rg BT 149.64 508.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 173.13 508.10 Td (at ) Tj ET Q q 0 0 0 rg BT 182.18 508.10 Td (dif) Tj ET Q q 0 0 0 rg BT 193.10 508.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 218.25 508.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 241.46 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.73 508.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 286.77 508.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 331.93 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.20 508.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 379.19 508.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 403.79 508.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 447.84 508.10 Td (items ) Tj ET Q q 0 0 0 rg BT 471.34 508.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 513.16 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.21 508.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 508.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.53 496.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 81.82 496.10 Td (included ) Tj ET Q q 0 0 0 rg BT 118.56 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.09 496.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 180.94 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.58 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.33 496.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 237.85 496.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 280.69 496.10 Td (against ) Tj ET Q q 0 0 0 rg BT 311.33 496.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 340.84 496.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 372.03 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.77 496.10 Td (state ) Tj ET Q q 0 0 0 rg BT 409.41 496.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 445.02 496.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.55 496.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 485.19 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.94 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 496.10 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.24 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.59 484.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 102.61 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 117.18 484.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 173.96 484.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.09 484.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 223.65 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.89 484.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 247.81 484.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 281.90 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 300.36 484.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 340.48 484.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 383.92 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 396.84 484.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.05 484.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 448.18 484.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 474.42 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.67 484.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 515.78 484.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 547.57 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (state ) Tj ET Q q 0 0 0 rg BT 71.34 472.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 86.57 472.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 139.02 472.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 179.79 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 192.80 472.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 205.81 472.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.71 472.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 280.15 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.94 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.17 472.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 328.62 472.10 Td (year ) Tj ET Q q 0 0 0 rg BT 348.84 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.29 472.10 Td (was ) Tj ET Q q 0 0 0 rg BT 384.85 472.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 431.72 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.07 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.52 472.10 Td (result ) Tj ET Q q 0 0 0 rg BT 475.74 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.09 472.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 523.97 472.10 Td (evidence, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.73 460.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 118.11 460.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 144.96 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.70 460.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 185.86 460.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 217.69 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.09 460.10 Td (state ) Tj ET Q q 0 0 0 rg BT 256.37 460.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 311.28 460.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 364.23 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.40 460.10 Td (more ) Tj ET Q q 0 0 0 rg BT 402.91 460.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 446.41 460.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 481.03 460.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 522.02 460.10 Td (indicating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 448.10 Td (it ) Tj ET Q q 0 0 0 rg BT 75.55 448.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.72 448.10 Td (more ) Tj ET Q q 0 0 0 rg BT 107.77 448.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 133.04 448.10 Td (than ) Tj ET Q q 0 0 0 rg BT 152.76 448.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.04 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.53 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.25 448.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 243.84 448.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.56 448.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 288.82 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 306.88 448.10 Td (not ) Tj ET Q q 0 0 0 rg BT 322.16 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.10 448.10 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 427.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.23 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 82.95 427.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 119.54 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.47 427.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 167.72 427.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 194.33 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.70 427.10 Td (realizability ) Tj ET Q q 0 0 0 rg BT 258.61 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.10 427.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 304.56 427.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 318.93 427.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 346.92 427.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 383.52 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.45 427.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 432.82 427.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 468.86 427.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 521.54 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.13 427.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.76 415.10 Td (projections, ) Tj ET Q q 0 0 0 rg BT 136.58 415.10 Td (among ) Tj ET Q q 0 0 0 rg BT 166.67 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 190.10 415.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 222.69 415.10 Td (may ) Tj ET Q q 0 0 0 rg BT 242.79 415.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 267.88 415.10 Td (us ) Tj ET Q q 0 0 0 rg BT 279.66 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.32 415.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 317.08 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.30 415.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 373.39 415.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 416.81 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 429.69 415.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 465.88 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 480.98 415.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 509.69 415.10 Td (which ) Tj ET Q q 0 0 0 rg BT 537.01 415.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.71 403.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.54 403.10 Td (results ) Tj ET Q q 0 0 0 rg BT 124.15 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.98 403.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 179.14 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.41 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.13 403.10 Td (period ) Tj ET Q q 0 0 0 rg BT 232.18 403.10 Td (we ) Tj ET Q q 0 0 0 rg BT 246.34 403.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 288.82 403.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.31 403.10 Td (these ) Tj ET Q q 0 0 0 rg BT 329.36 403.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 359.07 403.10 Td (have ) Tj ET Q q 0 0 0 rg BT 380.44 403.10 Td (changed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.63 382.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 90.27 382.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.27 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.46 382.10 Td (- ) Tj ET Q q 0 0 0 rg BT 109.99 382.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 142.94 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.35 382.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 169.31 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.28 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.69 382.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.22 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.19 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.60 382.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 304.57 382.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 344.98 382.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 392.06 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.03 382.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 422.33 382.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 434.69 382.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 463.71 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.23 382.10 Td (this ) Tj ET Q q 0 0 0 rg BT 492.87 382.10 Td (report ) Tj ET Q q 0 0 0 rg BT 519.95 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.80 382.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (discussion.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.46 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.80 331.10 Td (third ) Tj ET Q q 0 0 0 rg BT 95.82 331.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 126.26 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.72 331.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 160.51 331.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 185.14 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.04 331.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 241.04 331.10 Td (with ) Tj ET Q q 0 0 0 rg BT 260.95 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.30 331.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 301.45 331.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 323.86 331.10 Td (we ) Tj ET Q q 0 0 0 rg BT 337.65 331.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 366.42 331.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 410.21 331.10 Td (at ) Tj ET Q q 0 0 0 rg BT 419.55 331.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 444.45 331.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 463.79 331.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 485.36 331.10 Td (stores, ) Tj ET Q q 0 0 0 rg BT 513.32 331.10 Td (six ) Tj ET Q q 0 0 0 rg BT 527.12 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.58 331.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 87.83 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.79 319.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 155.18 319.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 199.13 319.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 238.07 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.14 319.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 295.40 319.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.47 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.97 319.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 376.14 319.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 416.20 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.27 319.10 Td (ef) Tj ET Q q 0 0 0 rg BT 433.86 319.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 451.13 319.10 Td (at ) Tj ET Q q 0 0 0 rg BT 460.64 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.15 319.10 Td (time ) Tj ET Q q 0 0 0 rg BT 495.21 319.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 516.94 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.01 319.10 Td (adopting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.84 307.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 111.34 307.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 147.84 307.10 Td (update ) Tj ET Q q 0 0 0 rg BT 177.12 307.10 Td (on ) Tj ET Q q 0 0 0 rg BT 189.74 307.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 243.47 307.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 287.74 307.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 327.02 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.43 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.27 307.10 Td (first ) Tj ET Q q 0 0 0 rg BT 371.00 307.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 401.94 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.89 307.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 437.17 307.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 462.10 307.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.27 307.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 524.55 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.51 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.35 307.10 Td (six ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 93.16 295.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 118.55 295.10 Td (had ) Tj ET Q q 0 0 0 rg BT 135.05 295.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 179.32 295.10 Td (been ) Tj ET Q q 0 0 0 rg BT 200.26 295.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 235.63 295.10 Td (within ) Tj ET Q q 0 0 0 rg BT 263.24 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.07 295.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 298.58 295.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 341.17 295.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 379.05 295.10 Td (which ) Tj ET Q q 0 0 0 rg BT 405.55 295.10 Td (was ) Tj ET Q q 0 0 0 rg BT 423.16 295.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 477.43 295.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 513.35 295.10 Td (by ) Tj ET Q q 0 0 0 rg BT 525.41 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.23 295.10 Td (AMR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 92.82 283.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 128.44 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.51 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.01 283.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 179.74 283.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 210.35 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.97 283.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 244.91 283.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 269.70 283.10 Td (In ) Tj ET Q q 0 0 0 rg BT 280.32 283.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 304.27 283.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 326.56 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.29 283.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 368.08 283.10 Td (we ) Tj ET Q q 0 0 0 rg BT 382.03 283.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 419.29 283.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 467.68 283.10 Td (char) Tj ET Q q 0 0 0 rg BT 484.71 283.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 500.33 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.06 283.10 Td (accelerated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.72 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.35 271.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 124.65 271.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.54 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.84 271.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.57 271.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 184.87 271.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.76 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.56 271.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 266.22 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.02 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.32 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.84 271.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 341.24 271.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 366.87 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.50 271.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 430.90 271.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 450.42 271.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 472.15 271.10 Td (stores. ) Tj ET Q q 0 0 0 rg BT 500.28 271.10 Td (Impaired ) Tj ET Q q 0 0 0 rg BT 538.67 271.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 259.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.43 259.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 106.93 259.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 146.65 259.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 186.36 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.19 259.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.34 259.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 248.83 259.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 274.66 259.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 318.25 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 338.53 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.25 259.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 392.97 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 405.47 259.10 Td (two ) Tj ET Q q 0 0 0 rg BT 422.97 259.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 450.46 259.10 Td (properties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.18 238.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 83.68 238.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 108.02 238.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.53 238.10 Td (released ) Tj ET Q q 0 0 0 rg BT 156.13 238.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 185.18 238.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 244.78 238.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 283.84 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.02 238.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 305.86 238.10 Td (million ) Tj ET Q q 0 0 0 rg BT 336.60 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.44 238.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 376.39 238.10 Td (from ) Tj ET Q q 0 0 0 rg BT 397.67 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.96 238.10 Td (were ) Tj ET Q q 0 0 0 rg BT 435.23 238.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 467.62 238.10 Td (related ) Tj ET Q q 0 0 0 rg BT 496.67 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.29 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.35 238.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.88 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.87 226.10 Td (component ) Tj ET Q q 0 0 0 rg BT 114.86 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.74 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.06 226.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 166.39 226.10 Td (business ) Tj ET Q q 0 0 0 rg BT 202.83 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 220.38 226.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 258.47 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.68 226.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 307.99 226.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 363.30 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.18 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.17 226.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 434.83 226.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 475.14 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.47 226.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 509.68 226.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 532.23 226.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.22 226.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 214.10 Td (disposal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.49 193.10 Td (results ) Tj ET Q q 0 0 0 rg BT 121.09 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.92 193.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 185.53 193.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.68 193.10 Td (were ) Tj ET Q q 0 0 0 rg BT 251.61 193.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 295.77 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.60 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 193.10 Td (following ) Tj ET Q q 0 0 0 rg BT 362.70 193.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 376.31 193.10 Td (thousands\):) Tj ET Q 1 1 1 rg /GS0 gs 49.50 167.60 280.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.50 167.60 74.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 403.50 167.60 4.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 407.50 167.60 75.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.50 167.60 4.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 486.50 167.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 152.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 152.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 152.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 152.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 152.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 152.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 131.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 131.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 131.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 131.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 131.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 131.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 101.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 101.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 101.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 101.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 101.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 101.60 75.00 -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 329.5 167.60000000000002 m 403.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 167.60000000000002 m 407.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 167.60000000000002 m 482.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 167.60000000000002 m 486.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 167.60000000000002 m 561.5 167.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 152.60000000000002 m 403.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 152.60000000000002 m 482.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 152.60000000000002 m 561.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 152.60000000000002 m 403.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 152.60000000000002 m 482.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 152.60000000000002 m 561.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 101.60000000000002 m 403.5 101.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 86.60000000000002 m 403.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 101.60000000000002 m 482.5 101.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 86.60000000000002 m 482.5 86.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 101.60000000000002 m 561.5 101.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 86.60000000000002 m 561.5 86.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 172.28 Td (Year Ended August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 157.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.50 157.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.50 157.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 142.27 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 142.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 142.27 Td (8,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 142.27 Td (15,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 121.27 Td (Loss from discontinued operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 121.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 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j 3 M 502.5 651.75 m 562.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 637.75 m 498.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 637.75 m 502.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 637.75 m 562.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 623.75 m 300.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 623.75 m 367.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 623.75 m 434.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 623.75 m 498.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 637.75 m 562.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 623.75 m 562.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 623.75 m 300.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 623.75 m 367.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 578.75 m 300.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 578.75 m 367.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 578.75 m 434.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 488.75 m 300.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 488.75 m 367.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 488.75 m 434.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 488.75 m 300.5 488.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 473.75 m 300.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 488.75 m 367.5 488.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 473.75 m 367.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 488.75 m 434.5 488.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 473.75 m 434.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 358.75 m 300.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 358.75 m 367.5 358.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 358.75 m 434.5 358.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.00 656.43 Td (For the Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 642.43 Td (%Increase / \(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 628.43 Td (\($ in thousands, except for prices\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.50 628.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.50 628.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 628.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 628.43 Td (2016vs2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 628.43 Td (2015vs2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.42 Td (Ferrous revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 613.42 Td (709,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 613.42 Td (1,098,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 613.42 Td (1,628,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 613.42 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 613.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 613.42 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 613.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.42 Td (Nonferrous revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 598.42 Td (340,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 598.42 Td (488,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 598.42 Td (556,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 598.42 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 598.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 598.42 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 598.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.42 Td (Retail and other revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 583.42 Td (123,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 583.42 Td (130,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 583.42 Td (149,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 583.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 583.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 583.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 583.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 568.42 Td (Total segment revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 568.42 Td (1,173,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 568.42 Td (1,716,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 568.42 Td (2,334,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 568.42 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 568.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 568.42 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 568.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 553.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 553.42 Td (1,011,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 553.42 Td (1,567,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 553.42 Td (2,141,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 553.42 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 553.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 553.42 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 553.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.42 Td (Selling, general and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 538.42 Td (112,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 538.42 Td (129,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 538.42 Td (138,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 538.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 538.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 538.42 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 538.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.42 Td (\(Income\) from joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.30 523.42 Td (\(742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 523.47 Td (\(1,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 523.47 Td (\(1,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 523.42 Td (\(52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 523.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 523.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 523.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.42 Td (Goodwill impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 508.42 Td (8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 508.42 Td (141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 508.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 508.42 Td (\(94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 508.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 508.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.42 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 493.42 Td (18,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 493.42 Td (44,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 493.42 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 493.42 Td (\(59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 493.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.75 493.42 Td (4,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 493.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 478.42 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 478.42 Td (22,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 478.47 Td (\(164,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 478.42 Td (55,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 478.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 478.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.42 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 463.42 Td (verage recycled ferrous metal sales prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 453.42 Td (\($/L) Tj ET Q q 0 0 0 rg BT 78.30 453.42 Td (T\):) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 90.52 457.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 438.42 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 438.42 Td (193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 438.42 Td (275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 438.42 Td (345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 438.42 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 438.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 438.42 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 438.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 423.42 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 423.42 Td (195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 423.42 Td (265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 423.42 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 423.42 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 423.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 423.42 Td (\(24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 423.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 408.42 Td (Average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 408.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 408.42 Td (194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 408.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 408.42 Td (269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 408.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 408.42 Td (348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 408.42 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 408.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 408.42 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 408.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 393.42 Td (Ferrous sales volume \(LT, in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 378.42 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 378.42 Td (1,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 378.42 Td (1,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 378.42 Td (1,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 378.42 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 378.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 378.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 378.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 363.42 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 363.42 Td (2,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 363.42 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 363.42 Td (2,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 363.42 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 363.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 363.42 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 363.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 348.42 Td (Total ferrous sales volume \(LT, in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 338.42 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 338.42 Td (3,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 338.42 Td (3,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 338.42 Td (4,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 338.42 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 338.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 338.42 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 338.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 323.42 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 323.42 Td (verage nonferrous sales price \($/pound\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.31 327.95 Td (\(1\)\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 323.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.15 323.42 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 323.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 323.42 Td (0.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 323.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 323.42 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 323.42 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 323.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 323.42 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 323.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 308.42 Td (Nonferrous sales volumes \(pounds, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 298.42 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 105.33 302.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 298.42 Td (510,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 298.42 Td (585,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 298.42 Td (614,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 298.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 298.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 298.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 298.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.42 Td (Cars purchased \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 173.81 287.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.65 283.42 Td (319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 283.42 Td (337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 283.42 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 283.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 283.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 283.42 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 283.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.42 Td (Number of auto parts stores at period end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 268.42 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 268.42 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 268.42 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 268.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 268.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 268.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 268.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 253.42 Td (Outbound freight included in cost of goods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 243.42 Td (sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 243.42 Td (84,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 243.42 Td (120,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 243.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 243.42 Td (146,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 243.42 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 243.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 243.42 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 243.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 229.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 220.05 Td (L) Tj ET Q q 0 0 0 rg BT 54.15 220.05 Td (T) Tj ET Q q 0 0 0 rg BT 58.89 220.05 Td ( = Long ) Tj ET Q q 0 0 0 rg BT 86.15 220.05 Td (T) Tj ET Q q 0 0 0 rg BT 90.48 220.05 Td (on, which is 2,240 pounds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 210.45 Td (NM = Not meaningful) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 200.85 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 200.85 Td (Price ) Tj ET Q q 0 0 0 rg BT 86.44 200.85 Td (information ) Tj ET Q q 0 0 0 rg BT 126.21 200.85 Td (is ) Tj ET Q q 0 0 0 rg BT 133.54 200.85 Td (shown ) Tj ET Q q 0 0 0 rg BT 156.43 200.85 Td (after ) Tj ET Q q 0 0 0 rg BT 173.09 200.85 Td (netting ) Tj ET Q q 0 0 0 rg BT 197.30 200.85 Td (the ) Tj ET Q q 0 0 0 rg BT 209.08 200.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.96 200.85 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 200.85 Td (freight ) Tj ET Q q 0 0 0 rg BT 255.95 200.85 Td (incurred ) Tj ET Q q 0 0 0 rg BT 284.61 200.85 Td (to ) Tj ET Q q 0 0 0 rg BT 292.83 200.85 Td (deliver ) Tj ET Q q 0 0 0 rg BT 317.04 200.85 Td (the ) Tj ET Q q 0 0 0 rg BT 328.81 200.85 Td (product ) Tj ET Q q 0 0 0 rg BT 355.25 200.85 Td (to ) Tj ET Q q 0 0 0 rg BT 363.47 200.85 Td (the ) Tj ET Q q 0 0 0 rg BT 375.25 200.85 Td (customer) Tj ET Q q 0 0 0 rg BT 404.13 200.85 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 191.25 Td (A) Tj ET Q q 0 0 0 rg BT 73.18 191.25 Td (verage ) Tj ET Q q 0 0 0 rg BT 96.50 191.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 114.05 191.25 Td (price ) Tj ET Q q 0 0 0 rg BT 132.04 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.59 191.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 171.59 191.25 Td (information ) Tj ET Q q 0 0 0 rg BT 211.36 191.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 241.34 191.25 Td (platinum ) Tj ET Q q 0 0 0 rg BT 271.79 191.25 Td (group ) Tj ET Q q 0 0 0 rg BT 292.45 191.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 315.33 191.25 Td (\("PGMs"\) ) Tj ET Q q 0 0 0 rg BT 349.64 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.87 191.25 Td (catalytic ) Tj ET Q q 0 0 0 rg BT 386.96 191.25 Td (converters.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 181.65 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 181.65 Td (Cars ) Tj ET Q q 0 0 0 rg BT 84.66 181.65 Td (purchased ) Tj ET Q q 0 0 0 rg BT 119.09 181.65 Td (by ) Tj ET Q q 0 0 0 rg BT 129.09 181.65 Td (auto ) Tj ET Q q 0 0 0 rg BT 144.87 181.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 162.42 181.65 Td (stores ) Tj ET Q q 0 0 0 rg BT 183.08 181.65 Td (only) Tj ET Q q 0 0 0 rg BT 196.79 181.65 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 159.31699218749998 m 77.4951171875 159.31699218749998 l s q 0 0 0 rg BT 50.00 160.65 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 159.31699218749998 m 97.4951171875 159.31699218749998 l s q 0 0 0 rg BT 77.50 160.65 Td (2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 159.31699218749998 m 186.005859375 159.31699218749998 l s q 0 0 0 rg BT 97.50 160.65 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 160.65 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 160.65 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 160.65 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 160.65 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 159.31699218749998 m 206.005859375 159.31699218749998 l s q 0 0 0 rg BT 186.01 160.65 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 160.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 145.65 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.65 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.52 130.65 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.85 130.65 Td ( ) Tj ET Q q 0 0 0 rg BT 87.83 130.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 124.22 130.65 Td (in ) Tj ET Q q 0 0 0 rg BT 133.97 130.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 164.27 130.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 201.78 130.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.19 130.65 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.52 130.65 Td ( ) Tj ET Q q 0 0 0 rg BT 238.50 130.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 274.89 130.65 Td (in ) Tj ET Q q 0 0 0 rg BT 284.64 130.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 329.93 130.65 Td (revenues ) Tj ET Q q 0 0 0 rg BT 367.45 130.65 Td (were ) Tj ET Q q 0 0 0 rg BT 388.85 130.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 428.04 130.65 Td (due ) Tj ET Q q 0 0 0 rg BT 444.45 130.65 Td (to ) Tj ET Q q 0 0 0 rg BT 454.20 130.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 506.17 130.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 530.91 130.65 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.65 Td (net ) Tj ET Q q 0 0 0 rg BT 65.64 118.65 Td (selling ) Tj ET Q q 0 0 0 rg BT 95.73 118.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 123.03 118.65 Td (for ) Tj ET Q q 0 0 0 rg BT 138.12 118.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 169.87 118.65 Td (and ) Tj ET Q q 0 0 0 rg BT 187.73 118.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 234.48 118.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 259.00 118.65 Td (metal, ) Tj ET Q q 0 0 0 rg BT 287.14 118.65 Td (as ) Tj ET Q q 0 0 0 rg BT 298.89 118.65 Td (well ) Tj ET Q q 0 0 0 rg BT 319.53 118.65 Td (as ) Tj ET Q q 0 0 0 rg BT 331.29 118.65 Td (reduced ) Tj ET Q q 0 0 0 rg BT 366.36 118.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 389.22 118.65 Td (volumes ) Tj ET Q q 0 0 0 rg BT 426.54 118.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 469.38 118.65 Td (to ) Tj ET Q q 0 0 0 rg BT 480.59 118.65 Td (the ) Tj ET Q q 0 0 0 rg BT 496.23 118.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 519.09 118.65 Td (year) Tj ET Q q 0 0 0 rg BT 535.75 118.65 Td (. ) Tj ET Q q 0 0 0 rg BT 540.92 118.65 Td (After ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.65 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 105.28 106.65 Td (sharp ) Tj ET Q q 0 0 0 rg BT 130.58 106.65 Td (declines ) Tj ET Q q 0 0 0 rg BT 166.98 106.65 Td (in ) Tj ET Q q 0 0 0 rg BT 178.39 106.65 Td (the ) Tj ET Q q 0 0 0 rg BT 194.25 106.65 Td (first ) Tj ET Q q 0 0 0 rg BT 213.99 106.65 Td (half ) Tj ET Q q 0 0 0 rg BT 233.18 106.65 Td (of ) Tj ET Q q 0 0 0 rg BT 245.15 106.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 270.44 106.65 Td (2016, ) Tj ET Q q 0 0 0 rg BT 296.58 106.65 Td (net ) Tj ET Q q 0 0 0 rg BT 312.43 106.65 Td (selling ) Tj ET Q q 0 0 0 rg BT 342.73 106.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 370.25 106.65 Td (for ) Tj ET Q q 0 0 0 rg BT 385.55 106.65 Td (shipments ) Tj ET Q q 0 0 0 rg BT 429.74 106.65 Td (of ) Tj ET Q q 0 0 0 rg BT 441.71 106.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 473.67 106.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 498.40 106.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 524.25 106.65 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.83 94.65 Td (during ) Tj ET Q q 0 0 0 rg BT 131.77 94.65 Td (the ) Tj ET Q q 0 0 0 rg BT 146.82 94.65 Td (third ) Tj ET Q q 0 0 0 rg BT 168.55 94.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 199.70 94.65 Td (of ) Tj ET Q q 0 0 0 rg BT 210.86 94.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 235.35 94.65 Td (2016, ) Tj ET Q q 0 0 0 rg BT 260.69 94.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.74 94.65 Td (due ) Tj ET Q q 0 0 0 rg BT 318.01 94.65 Td (to ) Tj ET Q q 0 0 0 rg BT 328.63 94.65 Td (improved ) Tj ET Q q 0 0 0 rg BT 369.79 94.65 Td (demand, ) Tj ET Q q 0 0 0 rg BT 406.78 94.65 Td (before ) Tj ET Q q 0 0 0 rg BT 435.15 94.65 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 480.74 94.65 Td (in ) Tj ET Q q 0 0 0 rg BT 491.36 94.65 Td (the ) Tj ET Q q 0 0 0 rg BT 506.41 94.65 Td (fourth ) Tj ET Q q 0 0 0 rg BT 533.68 94.65 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.65 Td (and ) Tj ET Q q 0 0 0 rg BT 67.28 82.65 Td (returning ) Tj ET Q q 0 0 0 rg BT 106.78 82.65 Td (to ) Tj ET Q q 0 0 0 rg BT 117.40 82.65 Td (the ) Tj ET Q q 0 0 0 rg BT 132.46 82.65 Td (levels ) Tj ET Q q 0 0 0 rg BT 158.62 82.65 Td (seen ) Tj ET Q q 0 0 0 rg BT 179.23 82.65 Td (at ) Tj ET Q q 0 0 0 rg BT 189.29 82.65 Td (the ) Tj ET Q q 0 0 0 rg BT 204.35 82.65 Td (beginning ) Tj ET Q q 0 0 0 rg BT 247.19 82.65 Td (of ) Tj ET Q q 0 0 0 rg BT 258.36 82.65 Td (the ) Tj ET Q q 0 0 0 rg BT 273.42 82.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 297.92 82.65 Td (year) Tj ET Q q 0 0 0 rg BT 314.57 82.65 Td (. ) Tj ET Q q 0 0 0 rg BT 319.91 82.65 Td (Overall ) Tj ET Q q 0 0 0 rg BT 352.74 82.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 387.24 82.65 Td (for ) Tj ET Q q 0 0 0 rg BT 401.74 82.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 438.44 82.65 Td (metals ) Tj ET Q q 0 0 0 rg BT 467.39 82.65 Td (in ) Tj ET Q q 0 0 0 rg BT 478.01 82.65 Td (our ) Tj ET Q q 0 0 0 rg BT 494.18 82.65 Td (end-markets ) Tj ET Q q 0 0 0 rg BT 546.45 82.65 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.65 Td (weaker ) Tj ET Q q 0 0 0 rg BT 81.26 70.65 Td (than ) Tj ET Q q 0 0 0 rg BT 100.87 70.65 Td (in ) Tj ET Q q 0 0 0 rg BT 111.04 70.65 Td (the ) Tj ET Q q 0 0 0 rg BT 125.65 70.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 147.48 70.65 Td (year ) Tj ET Q q 0 0 0 rg BT 167.07 70.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.68 70.65 Td (due ) Tj ET Q q 0 0 0 rg BT 223.51 70.65 Td (to ) Tj ET Q q 0 0 0 rg BT 233.68 70.65 Td (continued ) Tj ET Q q 0 0 0 rg BT 275.50 70.65 Td (low ) Tj ET Q q 0 0 0 rg BT 292.89 70.65 Td (global ) Tj ET Q q 0 0 0 rg BT 320.28 70.65 Td (economic ) Tj ET Q q 0 0 0 rg BT 361.54 70.65 Td (growth, ) Tj ET Q q 0 0 0 rg BT 394.77 70.65 Td (the ) Tj ET Q q 0 0 0 rg BT 409.38 70.65 Td (relative ) Tj ET Q q 0 0 0 rg BT 441.75 70.65 Td (strength ) Tj ET Q q 0 0 0 rg BT 476.36 70.65 Td (of ) Tj ET Q q 0 0 0 rg BT 487.08 70.65 Td (the ) Tj ET Q q 0 0 0 rg BT 501.69 70.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 521.86 70.65 Td (dollar ) Tj ET Q q 0 0 0 rg BT 547.58 70.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.65 Td (the ) Tj ET Q q 0 0 0 rg BT 64.99 58.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 94.97 58.65 Td (of ) Tj ET Q q 0 0 0 rg BT 106.07 58.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 131.61 58.65 Td (iron ) Tj ET Q q 0 0 0 rg BT 150.49 58.65 Td (ore ) Tj ET Q q 0 0 0 rg BT 166.03 58.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 192.68 58.65 Td (during ) Tj ET Q q 0 0 0 rg BT 221.56 58.65 Td (most ) Tj ET Q q 0 0 0 rg BT 243.78 58.65 Td (of ) Tj ET Q q 0 0 0 rg BT 254.88 58.65 Td (the ) Tj ET Q q 0 0 0 rg BT 269.87 58.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 294.29 58.65 Td (year) Tj ET Q q 0 0 0 rg BT 310.95 58.65 Td (. ) Tj ET Q q 0 0 0 rg BT 316.02 58.65 Td (This ) Tj ET Q q 0 0 0 rg BT 336.57 58.65 Td (resulted ) Tj ET Q q 0 0 0 rg BT 370.99 58.65 Td (in ) Tj ET Q q 0 0 0 rg BT 381.54 58.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 434.30 58.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 459.84 58.65 Td (average ) Tj ET Q q 0 0 0 rg BT 493.70 58.65 Td (net ) Tj ET Q q 0 0 0 rg BT 508.69 58.65 Td (selling ) Tj ET Q q 0 0 0 rg BT 538.12 58.65 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.65 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 46.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 94.98 46.65 Td (and ) Tj ET Q q 0 0 0 rg BT 111.92 46.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 157.74 46.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 181.34 46.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 206.05 46.65 Td (and ) Tj ET Q q 0 0 0 rg BT 222.99 46.65 Td (reduced ) Tj ET Q q 0 0 0 rg BT 257.13 46.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 279.07 46.65 Td (volumes ) Tj ET Q q 0 0 0 rg BT 315.46 46.65 Td (in ) Tj ET Q q 0 0 0 rg BT 325.74 46.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 349.89 46.65 Td (2016 ) Tj ET Q q 0 0 0 rg BT 372.39 46.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 414.32 46.65 Td (to ) Tj ET Q q 0 0 0 rg BT 424.59 46.65 Td (the ) Tj ET Q q 0 0 0 rg BT 439.31 46.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 461.25 46.65 Td (year) Tj ET Q q 0 0 0 rg BT 477.91 46.65 Td (.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (38) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Segment Operating Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.86 727.10 Td (income ) Tj ET Q q 0 0 0 rg BT 123.17 727.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.71 727.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.24 727.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.24 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.12 727.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.54 727.10 Td ($23 ) Tj ET Q q 0 0 0 rg BT 216.42 727.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.31 727.10 Td (, ) Tj ET Q q 0 0 0 rg BT 249.69 727.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 290.99 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.64 727.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 340.28 727.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 357.72 727.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.93 727.10 Td ($164 ) Tj ET Q q 0 0 0 rg BT 389.81 727.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.70 727.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.57 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.23 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.32 727.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 465.64 727.10 Td (year) Tj ET Q q 0 0 0 rg BT 482.29 727.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.25 727.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 524.24 727.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.17 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.69 715.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.09 715.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.09 715.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.83 715.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.12 715.10 Td ($49 ) Tj ET Q q 0 0 0 rg BT 169.86 715.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 715.10 Td (, ) Tj ET Q q 0 0 0 rg BT 202.99 715.10 Td (which ) Tj ET Q q 0 0 0 rg BT 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703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.88 703.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 162.34 703.10 Td (from ) Tj ET Q q 0 0 0 rg BT 184.58 703.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 219.59 703.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 267.38 703.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.51 703.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 291.32 703.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.21 703.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.90 703.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 363.81 703.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 404.38 703.10 Td (income ) Tj ET Q q 0 0 0 rg BT 436.61 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.20 703.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 471.66 703.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 494.46 703.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.82 703.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 530.62 703.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 703.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.04 691.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 114.63 691.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.67 691.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 159.83 691.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 208.53 691.10 Td (char) Tj ET Q q 0 0 0 rg BT 225.56 691.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 237.60 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.53 691.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 271.13 691.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 305.13 691.10 Td (other ) Tj ET Q q 0 0 0 rg BT 328.28 691.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 350.32 691.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 399.02 691.10 Td (char) Tj ET Q q 0 0 0 rg BT 416.04 691.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 431.98 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.91 691.10 Td ($44 ) Tj ET Q q 0 0 0 rg BT 460.51 691.10 Td (million ) Tj ET Q q 0 0 0 rg BT 492.01 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.05 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.87 691.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 553.68 691.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (reselling ) Tj ET Q q 0 0 0 rg BT 87.07 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.03 679.10 Td (modifying ) Tj ET Q q 0 0 0 rg BT 142.33 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.18 679.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 182.03 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.00 679.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 222.83 679.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 267.69 679.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 311.96 679.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 332.37 679.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 363.33 679.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 406.52 679.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.48 679.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 430.12 679.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.01 679.10 Td (. ) Tj ET Q q 0 0 0 rg BT 464.14 679.10 Td (See ) Tj ET Q q 0 0 0 rg BT 481.22 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.07 679.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 553.68 679.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.28 667.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 111.11 667.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 151.37 667.10 Td (income ) Tj ET Q q 0 0 0 rg BT 183.31 667.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 208.03 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.31 667.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 265.71 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.21 667.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 307.92 667.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 348.75 667.10 Td (at ) Tj ET Q q 0 0 0 rg BT 358.46 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.18 667.10 Td (end ) Tj ET Q q 0 0 0 rg BT 390.12 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.95 667.10 Td (this ) Tj ET Q q 0 0 0 rg BT 417.90 667.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 438.72 667.10 Td (7. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.12 646.10 Td (results ) Tj ET Q q 0 0 0 rg BT 122.36 646.10 Td (during ) Tj ET Q q 0 0 0 rg BT 151.60 646.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 176.39 646.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 199.53 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.10 646.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 240.23 646.10 Td (were ) Tj ET Q q 0 0 0 rg BT 262.79 646.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 304.24 646.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 344.03 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.16 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.51 646.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 398.42 646.10 Td (price ) Tj ET Q q 0 0 0 rg BT 421.53 646.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 475.21 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 502.78 646.10 Td (included ) Tj ET Q q 0 0 0 rg BT 540.35 646.10 Td (sharp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 84.31 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.64 634.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 140.74 634.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 168.96 634.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 194.39 634.10 Td (during ) Tj ET Q q 0 0 0 rg BT 222.05 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.81 634.10 Td (first ) Tj ET Q q 0 0 0 rg BT 253.47 634.10 Td (half ) Tj ET Q q 0 0 0 rg BT 270.57 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.45 634.10 Td (each ) Tj ET Q q 0 0 0 rg BT 300.31 634.10 Td (year ) Tj ET Q q 0 0 0 rg BT 319.07 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.06 634.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 356.05 634.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.70 634.10 Td (char) Tj ET Q q 0 0 0 rg BT 420.73 634.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 435.61 634.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 472.13 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.46 634.10 Td (each ) Tj ET Q q 0 0 0 rg BT 501.33 634.10 Td (year) Tj ET Q q 0 0 0 rg BT 517.98 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 522.03 634.10 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.72 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.11 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.94 622.10 Td (second ) Tj ET Q q 0 0 0 rg BT 134.32 622.10 Td (half ) Tj ET Q q 0 0 0 rg BT 152.48 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.42 622.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 187.68 622.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 210.29 622.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 250.11 622.10 Td (from ) Tj ET Q q 0 0 0 rg BT 272.16 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 284.21 622.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 319.57 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.96 622.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 360.89 622.10 Td (average ) Tj ET Q q 0 0 0 rg BT 394.59 622.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.42 622.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 438.69 622.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 465.18 622.10 Td (after ) Tj ET Q q 0 0 0 rg BT 486.11 622.10 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 540.36 622.10 Td (sharp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 85.46 610.10 Td (during ) Tj ET Q q 0 0 0 rg BT 114.26 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.17 610.10 Td (first ) Tj ET Q q 0 0 0 rg BT 147.97 610.10 Td (half ) Tj ET Q q 0 0 0 rg BT 166.21 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.23 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.14 610.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 216.49 610.10 Td (year ) Tj ET Q q 0 0 0 rg BT 236.39 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 263.52 610.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 297.87 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.34 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.25 610.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 356.48 610.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 386.38 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.52 610.10 Td (average ) Tj ET Q q 0 0 0 rg BT 442.29 610.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 483.31 610.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 529.88 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 610.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 73.23 598.10 Td (being ) Tj ET Q q 0 0 0 rg BT 98.67 598.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 151.89 598.10 Td (less ) Tj ET Q q 0 0 0 rg BT 170.11 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 190.56 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.00 598.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 239.76 598.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 270.20 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.21 598.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 306.09 598.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 331.82 598.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 375.03 598.10 Td (results ) Tj ET Q q 0 0 0 rg BT 404.36 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.37 598.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 440.25 598.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 463.48 598.10 Td (also ) Tj ET Q q 0 0 0 rg BT 482.81 598.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 523.24 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.90 598.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (saving ) Tj ET Q q 0 0 0 rg BT 78.23 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.80 586.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 145.81 586.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 201.25 586.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 240.58 586.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 275.48 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.38 586.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 309.16 586.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 333.79 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.35 586.10 Td (further ) Tj ET Q q 0 0 0 rg BT 379.68 586.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 420.13 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.03 586.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 453.81 586.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 478.44 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.34 586.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 517.11 586.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 542.00 586.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.89 574.10 Td (production ) Tj ET Q q 0 0 0 rg BT 108.78 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.78 574.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 159.51 574.10 Td (general ) Tj ET Q q 0 0 0 rg BT 192.49 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.49 574.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 271.26 574.10 Td (\("SG&A"\) ) Tj ET Q q 0 0 0 rg BT 317.43 574.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 355.70 574.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 400.37 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.15 574.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 450.24 574.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 481.02 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.91 574.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.91 574.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 562.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 84.87 562.10 Td (these ) Tj ET Q q 0 0 0 rg BT 107.43 562.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 141.10 562.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 188.65 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.44 562.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 226.00 562.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.78 562.10 Td (mar) Tj ET Q q 0 0 0 rg BT 281.15 562.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 299.83 562.10 Td (per ) Tj ET Q q 0 0 0 rg BT 314.61 562.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 344.95 562.10 Td (ton ) Tj ET Q q 0 0 0 rg BT 359.74 562.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 378.42 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 387.21 562.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 412.00 562.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.44 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.23 562.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 486.90 562.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 508.91 562.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 539.25 562.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.34 550.10 Td (net ) Tj ET Q q 0 0 0 rg BT 97.82 550.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 126.75 550.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.89 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.58 550.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 191.28 550.10 Td (volumes. ) Tj ET Q q 0 0 0 rg BT 229.93 550.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 257.16 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.42 550.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 293.89 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.93 550.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 327.85 550.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 350.11 550.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 391.78 550.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.04 550.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 421.30 550.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.20 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.96 550.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.55 550.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.88 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.64 550.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 530.32 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.36 550.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.50 538.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 112.21 538.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 149.71 538.10 Td (from ) Tj ET Q q 0 0 0 rg BT 171.65 538.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 205.79 538.10 Td (employee-related ) Tj ET Q q 0 0 0 rg BT 277.70 538.10 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.09 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.07 517.10 Td (second ) Tj ET Q q 0 0 0 rg BT 106.60 517.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 137.67 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.76 517.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 173.18 517.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 198.44 517.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.86 517.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 253.94 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.14 517.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 303.33 517.10 Td (event ) Tj ET Q q 0 0 0 rg BT 327.75 517.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 367.16 517.10 Td (an ) Tj ET Q q 0 0 0 rg BT 379.36 517.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 411.00 517.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 459.86 517.10 Td (test ) Tj ET Q q 0 0 0 rg BT 476.51 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.60 517.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 525.92 517.10 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.67 505.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.89 505.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 116.43 505.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 141.06 505.10 Td (The ) Tj ET Q q 0 0 0 rg BT 159.50 505.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 208.49 505.10 Td (test ) Tj ET Q q 0 0 0 rg BT 225.26 505.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 259.81 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.48 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.80 505.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 316.79 505.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 355.24 505.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 404.23 505.10 Td (char) Tj ET Q q 0 0 0 rg BT 421.25 505.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 433.58 505.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 505.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 457.69 505.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.58 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.47 505.10 Td (at ) Tj ET Q q 0 0 0 rg BT 499.58 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.91 505.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.45 505.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (within ) Tj ET Q q 0 0 0 rg BT 77.72 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.63 493.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 116.58 493.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 156.50 493.10 Td (segment. ) Tj ET Q q 0 0 0 rg BT 194.34 493.10 Td (W) Tj ET Q q 0 0 0 rg BT 202.98 493.10 Td (e ) Tj ET Q q 0 0 0 rg BT 209.58 493.10 Td (also ) Tj ET Q q 0 0 0 rg BT 227.85 493.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 265.00 493.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 303.26 493.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 351.52 493.10 Td (char) Tj ET Q q 0 0 0 rg BT 368.55 493.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 384.05 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.65 493.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 447.77 493.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 499.36 493.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.52 493.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.89 493.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.27 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.98 481.10 Td (other ) Tj ET Q q 0 0 0 rg BT 111.80 481.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 137.40 481.10 Td (at ) Tj ET Q q 0 0 0 rg BT 146.39 481.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 171.44 481.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.04 481.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 199.31 481.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.21 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.48 481.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 269.96 481.10 Td (related ) Tj ET Q q 0 0 0 rg BT 299.44 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.49 481.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.96 481.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 374.00 481.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 402.37 481.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 441.85 481.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 485.77 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.48 481.10 Td (used ) Tj ET Q q 0 0 0 rg BT 523.09 481.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.57 481.10 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (store ) Tj ET Q q 0 0 0 rg BT 71.94 469.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 110.54 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.48 469.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 157.18 469.10 Td (previously-idled ) Tj ET Q q 0 0 0 rg BT 225.22 469.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 264.93 469.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 309.64 469.10 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.70 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.29 448.10 Td (second ) Tj ET Q q 0 0 0 rg BT 108.44 448.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 140.13 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.83 448.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 176.86 448.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 202.73 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 217.77 448.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 259.46 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.28 448.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 310.08 448.10 Td (event ) Tj ET Q q 0 0 0 rg BT 335.11 448.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 375.14 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 387.95 448.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 420.21 448.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 469.68 448.10 Td (test ) Tj ET Q q 0 0 0 rg BT 486.94 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.65 448.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 537.58 448.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.21 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.54 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.53 436.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 140.19 436.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 178.30 436.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.95 436.10 Td (char) Tj ET Q q 0 0 0 rg BT 243.97 436.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 255.97 436.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.85 436.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 289.40 436.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.30 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.85 436.10 Td (at ) Tj ET Q q 0 0 0 rg BT 330.62 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.39 436.10 Td (former ) Tj ET Q q 0 0 0 rg BT 375.15 436.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 399.94 436.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 439.15 436.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 459.57 436.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.67 436.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 526.32 436.10 Td (char) Tj ET Q q 0 0 0 rg BT 543.35 436.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 555.34 436.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.55 424.10 Td (within ) Tj ET Q q 0 0 0 rg BT 113.34 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.80 424.10 Td (results ) Tj ET Q q 0 0 0 rg BT 156.14 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.22 424.10 Td (AMR. ) Tj ET Q q 0 0 0 rg BT 193.57 424.10 Td (W) Tj ET Q q 0 0 0 rg BT 202.21 424.10 Td (e ) Tj ET Q q 0 0 0 rg BT 208.89 424.10 Td (also ) Tj ET Q q 0 0 0 rg BT 227.23 424.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 264.44 424.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 302.78 424.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 351.11 424.10 Td (char) Tj ET Q q 0 0 0 rg BT 368.14 424.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 383.71 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.38 424.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 447.57 424.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 499.23 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 511.46 424.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.90 424.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.46 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.37 412.10 Td (other ) Tj ET Q q 0 0 0 rg BT 112.38 412.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 138.18 412.10 Td (at ) Tj ET Q q 0 0 0 rg BT 147.32 412.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 172.57 412.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.37 412.10 Td ($44 ) Tj ET Q q 0 0 0 rg BT 200.83 412.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.73 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.19 412.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 271.87 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.12 412.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 328.46 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 348.70 412.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 378.37 412.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 414.71 412.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 445.50 412.10 Td (we ) Tj ET Q q 0 0 0 rg BT 459.63 412.10 Td (undertook ) Tj ET Q q 0 0 0 rg BT 502.65 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.89 412.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 548.68 412.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 400.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 143.29 400.10 Td (which ) Tj ET Q q 0 0 0 rg BT 170.22 400.10 Td (included ) Tj ET Q q 0 0 0 rg BT 207.16 400.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 244.64 400.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 286.58 400.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 322.39 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.33 400.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 370.72 400.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 390.43 400.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 412.37 400.10 Td (stores.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 80.57 379.10 Td (results ) Tj ET Q q 0 0 0 rg BT 108.77 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.19 379.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.94 379.10 Td (do ) Tj ET Q q 0 0 0 rg BT 175.03 379.10 Td (not ) Tj ET Q q 0 0 0 rg BT 189.90 379.10 Td (include ) Tj ET Q q 0 0 0 rg BT 221.43 379.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 261.28 379.10 Td (results ) Tj ET Q q 0 0 0 rg BT 289.48 379.10 Td (from ) Tj ET Q q 0 0 0 rg BT 311.02 379.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 364.21 379.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 410.46 379.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.99 379.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 448.52 379.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.52 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.61 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.71 379.10 Td (Discontinued ) Tj ET Q q 0 0 0 rg BT 518.12 379.10 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 367.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 100.83 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.10 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.82 367.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 181.09 367.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 220.81 367.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 267.19 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.47 367.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 296.07 367.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 307.73 367.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 336.06 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.89 367.10 Td (this ) Tj ET Q q 0 0 0 rg BT 363.84 367.10 Td (report.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 344.7669921875 m 208.505859375 344.7669921875 l s q 0 0 0 rg BT 50.00 346.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 77.50 346.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 100.00 346.10 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 346.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 346.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 346.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 186.01 346.10 Td (2014 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.52 316.10 Td (33% ) Tj ET Q q 0 0 0 rg BT 87.83 316.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 124.22 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.97 316.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 164.27 316.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 201.78 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.19 316.10 Td (12% ) Tj ET Q q 0 0 0 rg BT 238.50 316.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 274.89 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.64 316.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 329.93 316.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 367.45 316.10 Td (were ) Tj ET Q q 0 0 0 rg BT 388.85 316.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 428.04 316.10 Td (due ) Tj ET Q q 0 0 0 rg BT 444.45 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.20 316.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 506.17 316.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 530.91 316.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.57 304.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 93.59 304.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 119.82 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.83 304.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 164.50 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.29 304.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 226.97 304.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 250.42 304.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 277.48 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 288.16 304.10 Td (well ) Tj ET Q q 0 0 0 rg BT 307.73 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 318.42 304.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 352.41 304.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 374.21 304.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 410.44 304.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 452.22 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.35 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.92 304.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 498.71 304.10 Td (year) Tj ET Q q 0 0 0 rg BT 515.37 304.10 Td (. ) Tj ET Q q 0 0 0 rg BT 520.22 304.10 Td (Export ) Tj ET Q q 0 0 0 rg BT 549.79 304.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 79.14 292.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 105.50 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.64 292.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 162.68 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.49 292.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 209.83 292.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 240.63 292.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 265.32 292.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 316.10 292.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 351.91 292.10 Td (sharp ) Tj ET Q q 0 0 0 rg BT 376.05 292.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 411.29 292.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 457.66 292.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 481.79 292.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 506.77 292.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 552.01 292.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.79 280.10 Td ($150 ) Tj ET Q q 0 0 0 rg BT 133.83 280.10 Td (per ) Tj ET Q q 0 0 0 rg BT 149.64 280.10 Td (ton, ) Tj ET Q q 0 0 0 rg BT 167.95 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.32 280.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 240.11 280.10 Td (40%, ) Tj ET Q q 0 0 0 rg BT 263.98 280.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 306.44 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.25 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.50 280.10 Td (end ) Tj ET Q q 0 0 0 rg BT 349.98 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.35 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.60 280.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 404.07 280.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 435.42 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.79 280.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 471.48 280.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 496.80 280.10 Td (These ) Tj ET Q q 0 0 0 rg BT 523.71 280.10 Td (decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.84 268.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 99.79 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 112.20 268.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 143.48 268.10 Td (global ) Tj ET Q q 0 0 0 rg BT 170.89 268.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 191.62 268.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 225.69 268.10 Td (due ) Tj ET Q q 0 0 0 rg BT 242.53 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.72 268.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 281.23 268.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 316.95 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.80 268.10 Td (overproduction, ) Tj ET Q q 0 0 0 rg BT 399.80 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.65 268.10 Td (further ) Tj ET Q q 0 0 0 rg BT 436.27 268.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 493.11 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.85 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.48 268.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 538.67 268.10 Td (dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (during ) Tj ET Q q 0 0 0 rg BT 79.31 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.74 256.10 Td (year) Tj ET Q q 0 0 0 rg BT 111.54 256.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.25 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.67 256.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.09 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.62 256.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 200.60 256.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 219.91 256.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 235.89 256.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 262.97 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 276.17 256.10 Td (market ) Tj ET Q q 0 0 0 rg BT 307.14 256.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 352.01 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.88 256.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 403.95 256.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 433.26 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.90 256.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 482.97 256.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 517.83 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.82 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.24 256.10 Td (end-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 83.40 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.93 244.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.11 244.10 Td (we ) Tj ET Q q 0 0 0 rg BT 132.52 244.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 150.65 244.10 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 190.73 244.10 Td (net ) Tj ET Q q 0 0 0 rg BT 204.69 244.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 233.10 244.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 258.73 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.13 244.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 302.20 244.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 326.16 244.10 Td (also ) Tj ET Q q 0 0 0 rg BT 344.02 244.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 385.18 244.10 Td (sharply ) Tj ET Q q 0 0 0 rg BT 416.36 244.10 Td (during ) Tj ET Q q 0 0 0 rg BT 444.22 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.18 244.10 Td (year) Tj ET Q q 0 0 0 rg BT 474.84 244.10 Td (. ) Tj ET Q q 0 0 0 rg BT 479.08 244.10 Td (Lower ) Tj ET Q q 0 0 0 rg BT 506.93 244.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 528.12 244.10 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.88 232.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 111.55 232.10 Td (due ) Tj ET Q q 0 0 0 rg BT 128.44 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.67 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.56 232.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 198.01 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.79 232.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 240.11 232.10 Td (export ) Tj ET Q q 0 0 0 rg BT 268.11 232.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 302.22 232.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 321.61 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.85 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 338.74 232.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 363.96 232.10 Td (extent, ) Tj ET Q q 0 0 0 rg BT 393.35 232.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 424.67 232.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 463.23 232.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 497.33 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.23 232.10 Td (competition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.10 220.10 Td (available ) Tj ET Q q 0 0 0 rg BT 102.64 220.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 120.07 220.10 Td (materials. ) Tj ET Q q 0 0 0 rg BT 161.67 220.10 Td (In ) Tj ET Q q 0 0 0 rg BT 172.44 220.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 196.54 220.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 221.48 220.10 Td (we ) Tj ET Q q 0 0 0 rg BT 235.59 220.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 275.78 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.44 220.10 Td (share ) Tj ET Q q 0 0 0 rg BT 313.99 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.76 220.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 363.31 220.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 385.19 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.96 220.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 426.73 220.10 Td (material ) Tj ET Q q 0 0 0 rg BT 461.93 220.10 Td (due ) Tj ET Q q 0 0 0 rg BT 478.81 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.04 220.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 529.24 220.10 Td (stronger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.60 208.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 122.76 208.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 164.68 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.96 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.68 208.10 Td (export ) Tj ET Q q 0 0 0 rg BT 217.72 208.10 Td (market.) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (39) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Segment Operating Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.86 727.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 109.30 727.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.84 727.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 146.37 727.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 168.24 727.10 Td (was ) Tj ET Q q 0 0 0 rg BT 185.67 727.10 Td ($164 ) Tj ET Q q 0 0 0 rg BT 207.55 727.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 240.82 727.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 282.12 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.77 727.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 331.41 727.10 Td (income ) Tj ET Q q 0 0 0 rg BT 362.72 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.93 727.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 389.81 727.10 Td (million ) Tj ET Q q 0 0 0 rg BT 420.57 727.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.23 727.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.32 727.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 465.64 727.10 Td (year) Tj ET Q q 0 0 0 rg BT 482.29 727.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.25 727.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 524.24 727.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.23 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.80 715.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 117.24 715.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 142.54 715.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 184.76 715.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.99 715.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 230.34 715.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 279.23 715.10 Td (char) Tj ET Q q 0 0 0 rg BT 296.26 715.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 308.49 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.61 715.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 342.40 715.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 376.58 715.10 Td (other ) Tj ET Q q 0 0 0 rg BT 399.92 715.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 422.15 715.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 471.04 715.10 Td (char) Tj ET Q q 0 0 0 rg BT 488.07 715.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 504.19 715.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.32 715.10 Td ($44 ) Tj ET Q q 0 0 0 rg BT 533.11 715.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.12 703.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.56 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.12 703.10 Td (reselling ) Tj ET Q q 0 0 0 rg BT 157.79 703.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.35 703.10 Td (modifying ) Tj ET Q q 0 0 0 rg BT 212.25 703.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.69 703.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 251.14 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.70 703.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 291.14 703.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 335.59 703.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 379.46 703.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 399.47 703.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 430.02 703.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 472.81 703.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.37 703.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 495.60 703.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 529.22 703.10 Td (was ) Tj ET Q q 0 0 0 rg BT 547.01 703.10 Td ($28 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 83.92 691.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 125.87 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.17 691.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 172.02 691.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 212.31 691.10 Td (income ) Tj ET Q q 0 0 0 rg BT 244.27 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.13 691.10 Td ($56 ) Tj ET Q q 0 0 0 rg BT 272.65 691.10 Td (million ) Tj ET Q q 0 0 0 rg BT 304.07 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.38 691.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 338.56 691.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 363.58 691.10 Td (See ) Tj ET Q q 0 0 0 rg BT 380.55 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.29 691.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 452.79 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.09 691.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 488.40 691.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 524.25 691.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.13 679.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 105.05 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.52 679.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 161.93 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.62 679.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 202.53 679.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 242.55 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.46 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.37 679.10 Td (end ) Tj ET Q q 0 0 0 rg BT 281.51 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.53 679.10 Td (this ) Tj ET Q q 0 0 0 rg BT 307.68 679.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 327.70 679.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 336.89 679.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 378.58 679.10 Td (results ) Tj ET Q q 0 0 0 rg BT 406.38 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.85 679.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 439.20 679.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 460.90 679.10 Td (were ) Tj ET Q q 0 0 0 rg BT 482.02 679.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 525.37 679.10 Td (impacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.50 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.21 667.10 Td (sharp ) Tj ET Q q 0 0 0 rg BT 104.37 667.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 136.73 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.01 667.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 178.17 667.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 205.54 667.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 244.03 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.31 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.24 667.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 308.95 667.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 342.98 667.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 373.69 667.10 Td (on ) Tj ET Q q 0 0 0 rg BT 387.19 667.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 406.79 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.62 667.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 446.01 667.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 466.17 667.10 Td (from ) Tj ET Q q 0 0 0 rg BT 489.11 667.10 Td (average ) Tj ET Q q 0 0 0 rg BT 523.69 667.10 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.62 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.80 655.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 164.10 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.18 655.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.69 655.10 Td (mar) Tj ET Q q 0 0 0 rg BT 229.05 655.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 249.84 655.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.14 655.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 291.65 655.10 Td (price ) Tj ET Q q 0 0 0 rg BT 313.39 655.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 365.67 655.10 Td (also ) Tj ET Q q 0 0 0 rg BT 383.53 655.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 423.59 655.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 461.99 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.95 655.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 504.37 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.45 655.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 537.29 655.10 Td (metal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.96 643.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 134.89 643.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 172.34 643.10 Td (which ) Tj ET Q q 0 0 0 rg BT 198.96 643.10 Td (led ) Tj ET Q q 0 0 0 rg BT 213.35 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.31 643.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 248.26 643.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 289.88 643.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 325.94 643.10 Td (further ) Tj ET Q q 0 0 0 rg BT 355.33 643.10 Td (compressing ) Tj ET Q q 0 0 0 rg BT 408.06 643.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 448.01 643.10 Td (mar) Tj ET Q q 0 0 0 rg BT 463.37 643.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 484.57 643.10 Td (The ) Tj ET Q q 0 0 0 rg BT 502.29 643.10 Td (ef) Tj ET Q q 0 0 0 rg BT 509.88 643.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 530.94 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.45 643.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.17 631.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 127.46 631.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.09 631.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 180.49 631.10 Td (results ) Tj ET Q q 0 0 0 rg BT 209.23 631.10 Td (were ) Tj ET Q q 0 0 0 rg BT 231.29 631.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 267.24 631.10 Td (of) Tj ET Q q 0 0 0 rg BT 275.39 631.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 292.46 631.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.42 631.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 343.81 631.10 Td (results ) Tj ET Q q 0 0 0 rg BT 372.55 631.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 412.39 631.10 Td (from ) Tj ET Q q 0 0 0 rg BT 434.46 631.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.52 631.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 478.57 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.98 631.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 516.21 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.84 631.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 553.68 631.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 61.61 619.10 Td (million ) Tj ET Q q 0 0 0 rg BT 92.11 619.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 133.14 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.53 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.35 619.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 177.40 619.10 Td (year ) Tj ET Q q 0 0 0 rg BT 196.21 619.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 235.03 619.10 Td (as ) Tj ET Q q 0 0 0 rg BT 244.97 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.02 619.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.84 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.78 619.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 309.15 619.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 349.63 619.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 406.78 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.72 619.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 428.33 619.10 Td (million ) Tj ET Q q 0 0 0 rg BT 458.83 619.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 501.53 619.10 Td (with ) Tj ET Q q 0 0 0 rg BT 520.92 619.10 Td (headcount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 90.57 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.82 607.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 159.51 607.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 201.75 607.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 256.77 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.35 607.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 291.82 607.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 314.62 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.87 607.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 354.68 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.92 607.10 Td (by ) Tj ET Q q 0 0 0 rg BT 384.73 607.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 419.18 607.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 458.64 607.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 516.99 607.10 Td (from ) Tj ET Q q 0 0 0 rg BT 539.24 607.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.86 595.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 143.77 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.09 595.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 186.74 595.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 216.29 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.61 595.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 277.03 595.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 312.12 595.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.33 595.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 336.22 595.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 370.49 595.10 Td (In ) Tj ET Q q 0 0 0 rg BT 381.70 595.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 406.24 595.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 430.99 595.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 456.65 595.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 495.07 595.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.39 595.10 Td (total ) Tj ET Q q 0 0 0 rg BT 523.04 595.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 553.69 595.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.47 583.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 128.17 583.10 Td (million ) Tj ET Q q 0 0 0 rg BT 159.77 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.25 583.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 216.83 583.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.32 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.24 583.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 271.06 583.10 Td (saving ) Tj ET Q q 0 0 0 rg BT 299.87 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.02 583.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 368.60 583.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 410.75 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.90 583.10 Td (other ) Tj ET Q q 0 0 0 rg BT 451.15 583.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 487.73 583.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 518.76 583.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 554.23 583.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.64 571.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 100.12 571.10 Td (with ) Tj ET Q q 0 0 0 rg BT 120.88 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.08 571.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 170.72 571.10 Td (from ) Tj ET Q q 0 0 0 rg BT 193.14 571.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 245.00 571.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 305.20 571.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 348.17 571.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 367.26 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.57 571.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 405.45 571.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 425.10 571.10 Td (more ) Tj ET Q q 0 0 0 rg BT 448.63 571.10 Td (than ) Tj ET Q q 0 0 0 rg BT 468.83 571.10 Td (of) Tj ET Q q 0 0 0 rg BT 476.98 571.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 494.40 571.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.38 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.58 571.10 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 99.15 559.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 129.97 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.91 559.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 192.73 559.10 Td (market ) Tj ET Q q 0 0 0 rg BT 222.99 559.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 267.16 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.10 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.81 559.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 328.53 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.36 559.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 387.95 559.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 417.12 559.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 461.28 559.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.44 559.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 492.93 559.10 Td (materials.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Steel ) Tj ET Q q 0 0 0 rg BT 72.50 538.10 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 138.35 538.10 Td (Business) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 488.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 488.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 488.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 488.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 488.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 488.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.60 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 460.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 460.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 460.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 460.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 460.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 431.60 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 431.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 431.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 431.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 431.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 431.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 402.60 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 402.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 402.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 402.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 402.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 402.60 60.00 -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 258.5 514.6 m 314.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 514.6 m 318.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 514.6 m 374.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 514.6 m 378.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 514.6 m 434.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 514.6 m 438.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 514.6 m 498.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 514.6 m 502.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 514.6 m 562.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 501.6 m 498.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 501.6 m 502.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 501.6 m 562.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 488.6 m 314.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 488.6 m 374.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 488.6 m 434.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 501.6 m 498.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 488.6 m 498.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 501.6 m 502.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 501.6 m 562.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 488.6 m 562.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 488.6 m 314.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 488.6 m 374.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 488.6 m 434.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 431.6 m 314.5 431.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 417.6 m 314.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 431.6 m 374.5 431.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 417.6 m 374.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 431.6 m 434.5 431.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 417.6 m 434.5 417.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.50 518.33 Td (For the Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 505.33 Td (% Increase / \(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 492.33 Td (\($ in thousands, except for price\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 492.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 492.33 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.00 492.33 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 492.33 Td (2016vs2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 492.33 Td (2015vs2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 91.88 483.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 479.17 Td (269,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.10 479.17 Td (375,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.10 479.17 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 479.17 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 479.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 479.17 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 479.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.17 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 465.17 Td (257,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.10 465.17 Td (348,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.10 465.17 Td (362,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 465.17 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 465.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 465.17 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 465.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 450.27 Td (Selling, general and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 450.27 Td (6,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 450.27 Td (6,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 450.27 Td (7,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 450.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 450.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 450.27 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 450.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.17 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 436.17 Td (2,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 436.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 436.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 436.17 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 436.17 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.17 Td (Segment operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 422.17 Td (3,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 422.17 Td (20,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 422.17 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 422.17 Td (\(82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 422.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 422.17 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 422.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.27 Td (Finished steel average sales price \($/ST\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 214.89 411.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 407.27 Td (522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 407.27 Td (639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 407.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 407.27 Td (677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 407.27 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 407.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 407.27 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 407.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.27 Td (Finished steel products sold \(ST, in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 392.27 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 392.27 Td (540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 392.27 Td (533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 392.27 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 392.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 392.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 392.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 378.17 Td (Rolling mill utilization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 378.17 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 378.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 378.17 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 378.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 378.17 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 378.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 378.17 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 378.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 378.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 378.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 364.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 351.90 Td (ST) Tj ET Q q 0 0 0 rg BT 59.19 351.90 Td ( = Short ) Tj ET Q q 0 0 0 rg BT 86.89 351.90 Td (T) Tj ET Q q 0 0 0 rg BT 91.22 351.90 Td (on, equivalent to 2,000 pounds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 339.30 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 339.30 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 339.30 Td (include ) Tj ET Q q 0 0 0 rg BT 126.65 339.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 144.20 339.30 Td (of ) Tj ET Q q 0 0 0 rg BT 152.86 339.30 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 198.41 339.30 Td (goods ) Tj ET Q q 0 0 0 rg BT 219.52 339.30 Td (\(billets\) ) Tj ET Q q 0 0 0 rg BT 246.41 339.30 Td (and ) Tj ET Q q 0 0 0 rg BT 259.96 339.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 287.73 339.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 304.39 339.30 Td (products.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 326.70 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 326.70 Td (Price ) Tj ET Q q 0 0 0 rg BT 86.44 326.70 Td (information ) Tj ET Q q 0 0 0 rg BT 126.21 326.70 Td (is ) Tj ET Q q 0 0 0 rg BT 133.54 326.70 Td (shown ) Tj ET Q q 0 0 0 rg BT 156.43 326.70 Td (after ) Tj ET Q q 0 0 0 rg BT 173.09 326.70 Td (netting ) Tj ET Q q 0 0 0 rg BT 197.30 326.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.08 326.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.96 326.70 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 326.70 Td (freight ) Tj ET Q q 0 0 0 rg BT 255.95 326.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 284.61 326.70 Td (to ) Tj ET Q q 0 0 0 rg BT 292.83 326.70 Td (deliver ) Tj ET Q q 0 0 0 rg BT 317.04 326.70 Td (the ) Tj ET Q q 0 0 0 rg BT 328.81 326.70 Td (product ) Tj ET Q q 0 0 0 rg BT 355.25 326.70 Td (to ) Tj ET Q q 0 0 0 rg BT 363.47 326.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.25 326.70 Td (customer) Tj ET Q q 0 0 0 rg BT 404.13 326.70 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 304.3669921875 m 77.4951171875 304.3669921875 l s q 0 0 0 rg BT 50.00 305.70 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 304.3669921875 m 97.4951171875 304.3669921875 l s q 0 0 0 rg BT 77.50 305.70 Td (2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 304.3669921875 m 186.005859375 304.3669921875 l s q 0 0 0 rg BT 97.50 305.70 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 305.70 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 304.3669921875 m 206.005859375 304.3669921875 l s q 0 0 0 rg BT 186.01 305.70 Td (2015) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 287.70 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.70 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 90.98 272.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 132.50 272.70 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.60 272.70 Td ($105 ) Tj ET Q q 0 0 0 rg BT 166.71 272.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.60 272.70 Td (, ) Tj ET Q q 0 0 0 rg BT 200.20 272.70 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.63 272.70 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.96 272.70 Td (, ) Tj ET Q q 0 0 0 rg BT 233.57 272.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 275.09 272.70 Td (to ) Tj ET Q q 0 0 0 rg BT 284.98 272.70 Td (the ) Tj ET Q q 0 0 0 rg BT 299.30 272.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 320.84 272.70 Td (year) Tj ET Q q 0 0 0 rg BT 337.49 272.70 Td (. ) Tj ET Q q 0 0 0 rg BT 341.95 272.70 Td (This ) Tj ET Q q 0 0 0 rg BT 361.83 272.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 398.34 272.70 Td (was ) Tj ET Q q 0 0 0 rg BT 416.00 272.70 Td (due ) Tj ET Q q 0 0 0 rg BT 432.54 272.70 Td (to ) Tj ET Q q 0 0 0 rg BT 442.42 272.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 476.17 272.70 Td (average ) Tj ET Q q 0 0 0 rg BT 509.36 272.70 Td (selling ) Tj ET Q q 0 0 0 rg BT 538.13 272.70 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 260.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 87.78 260.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 123.62 260.70 Td (driven ) Tj ET Q q 0 0 0 rg BT 151.12 260.70 Td (by ) Tj ET Q q 0 0 0 rg BT 163.08 260.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 202.78 260.70 Td (competition ) Tj ET Q q 0 0 0 rg BT 252.50 260.70 Td (from ) Tj ET Q q 0 0 0 rg BT 273.90 260.70 Td (lower) Tj ET Q q 0 0 0 rg BT 296.46 260.70 Td (-priced ) Tj ET Q q 0 0 0 rg BT 326.73 260.70 Td (imports ) Tj ET Q q 0 0 0 rg BT 359.24 260.70 Td (of ) Tj ET Q q 0 0 0 rg BT 369.53 260.70 Td (finished ) Tj ET Q q 0 0 0 rg BT 403.70 260.70 Td (steel ) Tj ET Q q 0 0 0 rg BT 423.97 260.70 Td (products ) Tj ET Q q 0 0 0 rg BT 460.37 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 476.76 260.70 Td (reduced ) Tj ET Q q 0 0 0 rg BT 510.36 260.70 Td (steel-making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.70 Td (raw ) Tj ET Q q 0 0 0 rg BT 66.83 248.70 Td (material ) Tj ET Q q 0 0 0 rg BT 101.42 248.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 123.25 248.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 162.30 248.70 Td (during ) Tj ET Q q 0 0 0 rg BT 190.24 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 204.30 248.70 Td (first ) Tj ET Q q 0 0 0 rg BT 222.24 248.70 Td (half ) Tj ET Q q 0 0 0 rg BT 239.62 248.70 Td (of ) Tj ET Q q 0 0 0 rg BT 249.79 248.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 273.28 248.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 297.61 248.70 Td (Sales ) Tj ET Q q 0 0 0 rg BT 320.55 248.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 356.28 248.70 Td (improved ) Tj ET Q q 0 0 0 rg BT 396.44 248.70 Td (in ) Tj ET Q q 0 0 0 rg BT 406.05 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 420.10 248.70 Td (second ) Tj ET Q q 0 0 0 rg BT 449.71 248.70 Td (half ) Tj ET Q q 0 0 0 rg BT 467.09 248.70 Td (of ) Tj ET Q q 0 0 0 rg BT 477.25 248.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 500.74 248.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.58 248.70 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.81 236.70 Td (the ) Tj ET Q q 0 0 0 rg BT 74.06 236.70 Td (first ) Tj ET Q q 0 0 0 rg BT 92.20 236.70 Td (half ) Tj ET Q q 0 0 0 rg BT 109.78 236.70 Td (of ) Tj ET Q q 0 0 0 rg BT 120.14 236.70 Td (the ) Tj ET Q q 0 0 0 rg BT 134.38 236.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 158.07 236.70 Td (year ) Tj ET Q q 0 0 0 rg BT 177.31 236.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 216.55 236.70 Td (due ) Tj ET Q q 0 0 0 rg BT 233.02 236.70 Td (to ) Tj ET Q q 0 0 0 rg BT 242.83 236.70 Td (the ) Tj ET Q q 0 0 0 rg BT 257.08 236.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 286.32 236.70 Td (of ) Tj ET Q q 0 0 0 rg BT 296.68 236.70 Td (seasonality) Tj ET Q q 0 0 0 rg BT 340.47 236.70 Td (, ) Tj ET Q q 0 0 0 rg BT 345.00 236.70 Td (but ) Tj ET Q q 0 0 0 rg BT 359.81 236.70 Td (remained ) Tj ET Q q 0 0 0 rg BT 399.04 236.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 423.84 236.70 Td (than ) Tj ET Q q 0 0 0 rg BT 443.09 236.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 468.45 236.70 Td (achieved ) Tj ET Q q 0 0 0 rg BT 506.01 236.70 Td (in ) Tj ET Q q 0 0 0 rg BT 515.82 236.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.51 236.70 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 215.70 Td (Segment Operating Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.66 200.70 Td (income ) Tj ET Q q 0 0 0 rg BT 124.76 200.70 Td (for ) Tj ET Q q 0 0 0 rg BT 139.09 200.70 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.41 200.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.41 200.70 Td ( ) Tj ET Q q 0 0 0 rg BT 186.08 200.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.31 200.70 Td ($4 ) Tj ET Q q 0 0 0 rg BT 216.98 200.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.87 200.70 Td (, ) Tj ET Q q 0 0 0 rg BT 251.04 200.70 Td (a ) Tj ET Q q 0 0 0 rg BT 258.15 200.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 295.23 200.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.23 200.70 Td ($17 ) Tj ET Q q 0 0 0 rg BT 323.90 200.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.79 200.70 Td ( ) Tj ET Q q 0 0 0 rg BT 355.46 200.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 397.55 200.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 200.70 Td ($20 ) Tj ET Q q 0 0 0 rg BT 425.67 200.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.56 200.70 Td ( ) Tj ET Q q 0 0 0 rg BT 457.23 200.70 Td (in ) Tj ET Q q 0 0 0 rg BT 467.68 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.57 200.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 504.68 200.70 Td (year) Tj ET Q q 0 0 0 rg BT 521.33 200.70 Td (. ) Tj ET Q q 0 0 0 rg BT 525.91 200.70 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.53 188.70 Td (income ) Tj ET Q q 0 0 0 rg BT 122.73 188.70 Td (in ) Tj ET Q q 0 0 0 rg BT 133.28 188.70 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.70 188.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.70 188.70 Td (, ) Tj ET Q q 0 0 0 rg BT 182.97 188.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 225.17 188.70 Td (other ) Tj ET Q q 0 0 0 rg BT 248.48 188.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 270.69 188.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 319.56 188.70 Td (char) Tj ET Q q 0 0 0 rg BT 336.58 188.70 Td (ges ) Tj ET Q q 0 0 0 rg BT 352.68 188.70 Td (of ) Tj ET Q q 0 0 0 rg BT 363.78 188.70 Td ($2 ) Tj ET Q q 0 0 0 rg BT 376.55 188.70 Td (million, ) Tj ET Q q 0 0 0 rg BT 410.71 188.70 Td (was ) Tj ET Q q 0 0 0 rg BT 429.02 188.70 Td ($6 ) Tj ET Q q 0 0 0 rg BT 441.79 188.70 Td (million, ) Tj ET Q q 0 0 0 rg BT 475.95 188.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 518.14 188.70 Td (to ) Tj ET Q q 0 0 0 rg BT 528.69 188.70 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.80 176.70 Td (income ) Tj ET Q q 0 0 0 rg BT 121.27 176.70 Td (of ) Tj ET Q q 0 0 0 rg BT 131.64 176.70 Td ($20 ) Tj ET Q q 0 0 0 rg BT 148.67 176.70 Td (million ) Tj ET Q q 0 0 0 rg BT 179.60 176.70 Td (in ) Tj ET Q q 0 0 0 rg BT 189.41 176.70 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.11 176.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.11 176.70 Td (. ) Tj ET Q q 0 0 0 rg BT 237.64 176.70 Td (See ) Tj ET Q q 0 0 0 rg BT 254.12 176.70 Td (the ) Tj ET Q q 0 0 0 rg BT 268.37 176.70 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 325.38 176.70 Td (of ) Tj ET Q q 0 0 0 rg BT 335.75 176.70 Td (SMB ) Tj ET Q q 0 0 0 rg BT 358.91 176.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 394.27 176.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 434.07 176.70 Td (income ) Tj ET Q q 0 0 0 rg BT 465.54 176.70 Td (in ) Tj ET Q q 0 0 0 rg BT 475.35 176.70 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 522.76 176.70 Td ( ) Tj ET Q q 0 0 0 rg BT 524.79 176.70 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.70 Td (Measures ) Tj ET Q q 0 0 0 rg BT 90.82 164.70 Td (at ) Tj ET Q q 0 0 0 rg BT 100.54 164.70 Td (the ) Tj ET Q q 0 0 0 rg BT 115.25 164.70 Td (end ) Tj ET Q q 0 0 0 rg BT 132.19 164.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.02 164.70 Td (Item ) Tj ET Q q 0 0 0 rg BT 163.85 164.70 Td (7. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.70 Td (The ) Tj ET Q q 0 0 0 rg BT 68.62 143.70 Td (year) Tj ET Q q 0 0 0 rg BT 85.63 143.70 Td (-over) Tj ET Q q 0 0 0 rg BT 106.53 143.70 Td (-year ) Tj ET Q q 0 0 0 rg BT 130.14 143.70 Td (reduction ) Tj ET Q q 0 0 0 rg BT 170.98 143.70 Td (in ) Tj ET Q q 0 0 0 rg BT 181.83 143.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 222.67 143.70 Td (results ) Tj ET Q q 0 0 0 rg BT 251.85 143.70 Td (was ) Tj ET Q q 0 0 0 rg BT 270.48 143.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 310.77 143.70 Td (due ) Tj ET Q q 0 0 0 rg BT 328.28 143.70 Td (to ) Tj ET Q q 0 0 0 rg BT 339.14 143.70 Td (the ) Tj ET Q q 0 0 0 rg BT 354.43 143.70 Td (declining ) Tj ET Q q 0 0 0 rg BT 394.71 143.70 Td (price ) Tj ET Q q 0 0 0 rg BT 417.78 143.70 Td (environment ) Tj ET Q q 0 0 0 rg BT 471.39 143.70 Td (during ) Tj ET Q q 0 0 0 rg BT 500.58 143.70 Td (the ) Tj ET Q q 0 0 0 rg BT 515.87 143.70 Td (first ) Tj ET Q q 0 0 0 rg BT 535.05 143.70 Td (half ) Tj ET Q q 0 0 0 rg BT 553.67 143.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.08 131.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 96.51 131.70 Td (which ) Tj ET Q q 0 0 0 rg BT 123.37 131.70 Td (led ) Tj ET Q q 0 0 0 rg BT 138.01 131.70 Td (to ) Tj ET Q q 0 0 0 rg BT 148.22 131.70 Td (selling ) Tj ET Q q 0 0 0 rg BT 177.31 131.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 203.61 131.70 Td (falling ) Tj ET Q q 0 0 0 rg BT 232.14 131.70 Td (faster ) Tj ET Q q 0 0 0 rg BT 256.77 131.70 Td (than ) Tj ET Q q 0 0 0 rg BT 276.42 131.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 294.95 131.70 Td (of ) Tj ET Q q 0 0 0 rg BT 305.71 131.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 332.02 131.70 Td (sold. ) Tj ET Q q 0 0 0 rg BT 353.08 131.70 Td (Additionally) Tj ET Q q 0 0 0 rg BT 402.99 131.70 Td (, ) Tj ET Q q 0 0 0 rg BT 407.91 131.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 429.78 131.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 466.09 131.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 507.93 131.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 547.57 131.70 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.70 Td (to ) Tj ET Q q 0 0 0 rg BT 60.91 119.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 101.79 119.70 Td (competition ) Tj ET Q q 0 0 0 rg BT 152.69 119.70 Td (from ) Tj ET Q q 0 0 0 rg BT 175.26 119.70 Td (imported ) Tj ET Q q 0 0 0 rg BT 214.49 119.70 Td (steel ) Tj ET Q q 0 0 0 rg BT 235.95 119.70 Td (products. ) Tj ET Q q 0 0 0 rg BT 275.79 119.70 Td (The ) Tj ET Q q 0 0 0 rg BT 294.47 119.70 Td (rolling ) Tj ET Q q 0 0 0 rg BT 324.26 119.70 Td (mill ) Tj ET Q q 0 0 0 rg BT 343.50 119.70 Td (utilization ) Tj ET Q q 0 0 0 rg BT 387.18 119.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 405.30 119.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 447.84 119.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 488.18 119.70 Td (due ) Tj ET Q q 0 0 0 rg BT 505.75 119.70 Td (to ) Tj ET Q q 0 0 0 rg BT 516.66 119.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 542.56 119.70 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 86.39 107.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 128.31 107.70 Td (to ) Tj ET Q q 0 0 0 rg BT 138.59 107.70 Td (the ) Tj ET Q q 0 0 0 rg BT 153.31 107.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 175.24 107.70 Td (year ) Tj ET Q q 0 0 0 rg BT 194.95 107.70 Td (and ) Tj ET Q q 0 0 0 rg BT 211.89 107.70 Td (the ) Tj ET Q q 0 0 0 rg BT 226.61 107.70 Td (optimization ) Tj ET Q q 0 0 0 rg BT 279.65 107.70 Td (of ) Tj ET Q q 0 0 0 rg BT 290.48 107.70 Td (inventory ) Tj ET Q q 0 0 0 rg BT 331.31 107.70 Td (levels.) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (40) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 77.4951171875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 740.7669921875 m 97.4951171875 740.7669921875 l s q 0 0 0 rg BT 77.50 742.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 740.7669921875 m 186.005859375 740.7669921875 l s q 0 0 0 rg BT 97.50 742.10 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 742.10 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 740.7669921875 m 206.005859375 740.7669921875 l s q 0 0 0 rg BT 186.01 742.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 91.71 709.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 133.95 709.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.78 709.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 164.62 709.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 198.84 709.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.00 709.10 Td (4%, ) Tj ET Q q 0 0 0 rg BT 228.66 709.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 270.92 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.52 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.57 709.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 318.84 709.10 Td (year ) Tj ET Q q 0 0 0 rg BT 338.88 709.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 378.92 709.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.19 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.80 709.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 432.40 709.10 Td (average ) Tj ET Q q 0 0 0 rg BT 466.32 709.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 488.59 709.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.29 709.10 Td (for ) Tj ET Q q 0 0 0 rg BT 529.79 709.10 Td (finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.49 697.10 Td (products ) Tj ET Q q 0 0 0 rg BT 107.08 697.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 147.56 697.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 172.49 697.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 189.64 697.10 Td (material ) Tj ET Q q 0 0 0 rg BT 224.56 697.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 246.72 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.32 697.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 291.02 697.10 Td (import ) Tj ET Q q 0 0 0 rg BT 319.85 697.10 Td (activity) Tj ET Q q 0 0 0 rg BT 349.19 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.85 697.10 Td (which ) Tj ET Q q 0 0 0 rg BT 380.45 697.10 Td (more ) Tj ET Q q 0 0 0 rg BT 403.16 697.10 Td (than ) Tj ET Q q 0 0 0 rg BT 422.53 697.10 Td (of) Tj ET Q q 0 0 0 rg BT 430.68 697.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 447.28 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.66 697.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 496.57 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.51 697.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 528.11 697.10 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.60 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.53 685.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 104.24 685.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 138.05 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.98 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.31 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 171.95 685.10 Td (est ) Tj ET Q q 0 0 0 rg BT 185.22 685.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 210.15 685.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 243.97 685.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 273.90 685.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 301.60 685.10 Td (by ) Tj ET Q q 0 0 0 rg BT 313.76 685.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 354.24 685.10 Td (business ) Tj ET Q q 0 0 0 rg BT 390.29 685.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 434.11 685.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.93 685.10 Td (non-residential ) Tj ET Q q 0 0 0 rg BT 510.07 685.10 Td (construction.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Segment Operating Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.48 649.10 Td (income ) Tj ET Q q 0 0 0 rg BT 124.40 649.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.55 649.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 162.70 649.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 185.19 649.10 Td (was ) Tj ET Q q 0 0 0 rg BT 203.23 649.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 220.72 649.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 254.60 649.10 Td (an ) Tj ET Q q 0 0 0 rg BT 266.53 649.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 322.34 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.16 649.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 345.65 649.10 Td (million ) Tj ET Q q 0 0 0 rg BT 377.03 649.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 418.95 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.21 649.10 Td ($19 ) Tj ET Q q 0 0 0 rg BT 446.70 649.10 Td (million ) Tj ET Q q 0 0 0 rg BT 478.09 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.35 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.06 649.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 524.99 649.10 Td (year) Tj ET Q q 0 0 0 rg BT 541.65 649.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 649.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 91.36 637.10 Td (results ) Tj ET Q q 0 0 0 rg BT 120.51 637.10 Td (were ) Tj ET Q q 0 0 0 rg BT 142.97 637.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 183.22 637.10 Td (due ) Tj ET Q q 0 0 0 rg BT 200.69 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.51 637.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 240.09 637.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 262.57 637.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 301.99 637.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 342.78 637.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 372.48 637.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 391.63 637.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 435.21 637.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 461.57 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.05 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.52 637.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 523.97 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.79 637.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 562.02 637.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.71 625.10 Td (due ) Tj ET Q q 0 0 0 rg BT 101.65 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.92 625.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 159.97 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.80 625.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 187.73 625.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.45 625.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 242.16 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.99 625.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 265.49 625.10 Td (million ) Tj ET Q q 0 0 0 rg BT 296.88 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.16 625.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 331.31 625.10 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 601.10 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 580.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.38 580.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 85.23 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.54 580.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.61 580.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 158.47 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.77 580.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 212.84 580.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 252.25 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.88 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.63 580.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 306.59 580.10 Td (source ) Tj ET Q q 0 0 0 rg BT 335.99 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.63 580.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 380.87 580.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.67 580.10 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 445.52 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.83 580.10 Td (current ) Tj ET Q q 0 0 0 rg BT 490.45 580.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.52 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.83 580.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 547.57 580.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 98.05 568.10 Td (under ) Tj ET Q q 0 0 0 rg BT 123.32 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.15 568.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 173.32 568.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 198.58 568.10 Td (facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (Sources and Uses of Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 526.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.76 526.10 Td (had ) Tj ET Q q 0 0 0 rg BT 82.88 526.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.33 526.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 140.43 526.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.44 526.10 Td ($27 ) Tj ET Q q 0 0 0 rg BT 169.12 526.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.01 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.69 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.81 526.10 Td ($23 ) Tj ET Q q 0 0 0 rg BT 235.49 526.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.38 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.07 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.08 526.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 526.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 335.07 526.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.07 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.75 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.87 526.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.87 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 400.05 526.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 447.71 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 452.89 526.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 475.57 526.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 512.67 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.56 526.10 Td (intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.25 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 72.16 514.10 Td (used ) Tj ET Q q 0 0 0 rg BT 92.96 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.65 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.78 514.10 Td (working ) Tj ET Q q 0 0 0 rg BT 182.58 514.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 214.20 514.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 243.33 514.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 299.39 514.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 352.14 514.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 393.50 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.41 514.10 Td (share ) Tj ET Q q 0 0 0 rg BT 433.98 514.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 485.97 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 494.61 514.10 Td (e ) Tj ET Q q 0 0 0 rg BT 501.52 514.10 Td (also ) Tj ET Q q 0 0 0 rg BT 520.10 514.10 Td (use ) Tj ET Q q 0 0 0 rg BT 535.90 514.10 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.17 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 82.58 502.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 104.42 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.60 502.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 143.65 502.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 179.94 502.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 229.01 502.10 Td (under ) Tj ET Q q 0 0 0 rg BT 254.18 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.92 502.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 295.08 502.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 333.88 502.10 Td (As ) Tj ET Q q 0 0 0 rg BT 347.40 502.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.60 502.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 403.90 502.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.90 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 428.80 502.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 448.42 502.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.38 502.10 Td ($193 ) Tj ET Q q 0 0 0 rg BT 488.78 502.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.68 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 522.58 502.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.64 490.10 Td ($228 ) Tj ET Q q 0 0 0 rg BT 83.50 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.25 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 126.44 490.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.99 490.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 183.74 490.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.74 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.10 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.40 490.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 248.98 490.10 Td (net ) Tj ET Q q 0 0 0 rg BT 264.05 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.24 490.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 298.37 490.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.78 490.10 Td ($166 ) Tj ET Q q 0 0 0 rg BT 339.64 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.53 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.39 490.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 413.67 490.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.31 490.10 Td ($205 ) Tj ET Q q 0 0 0 rg BT 447.17 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.06 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.92 490.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 503.97 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.61 490.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 562.02 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.59 478.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 132.28 478.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 165.92 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.74 478.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 211.52 478.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.23 478.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 241.60 478.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.49 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.87 478.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 314.45 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.16 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.97 478.10 Td (result ) Tj ET Q q 0 0 0 rg BT 359.56 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.26 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.86 478.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 421.89 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.04 478.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 468.63 478.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 510.87 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.24 478.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 90.39 466.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.73 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.29 466.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 163.50 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 173.62 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.35 466.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 229.03 466.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.03 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.82 466.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.04 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.04 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.83 466.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.06 466.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 331.85 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.74 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.53 466.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.76 466.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 390.54 466.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.44 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.73 466.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 471.39 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 475.68 466.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.90 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.90 466.10 Td (indefinitely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 93.59 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.87 454.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 132.48 454.10 Td (Rico ) Tj ET Q q 0 0 0 rg BT 153.87 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.81 454.10 Td (Canada.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 431.7669921875 m 130.634765625 431.7669921875 l s q 0 0 0 rg BT 50.00 433.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.43 433.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.35 415.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.03 415.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 123.49 415.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.40 415.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.08 415.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 213.09 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.78 415.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.34 415.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.34 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.25 415.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.72 415.10 Td ($99 ) Tj ET Q q 0 0 0 rg BT 302.63 415.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.52 415.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.93 415.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 377.27 415.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.96 415.10 Td ($145 ) Tj ET Q q 0 0 0 rg BT 408.87 415.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.76 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.67 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.36 415.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.93 415.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.93 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.84 415.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.19 415.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 533.10 415.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.99 415.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 403.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 403.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.43 403.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.14 382.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.62 382.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 125.87 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 138.57 382.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.04 382.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 217.85 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.33 382.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.69 382.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.69 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.40 382.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 315.31 382.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 355.22 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 377.36 382.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 418.39 382.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 458.86 382.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 512.09 382.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.22 382.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.13 370.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 85.49 370.10 Td (year) Tj ET Q q 0 0 0 rg BT 102.15 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 106.56 370.10 Td (Sources ) Tj ET Q q 0 0 0 rg BT 140.14 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.39 370.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 170.08 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.77 370.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.35 370.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.35 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.26 370.10 Td (included ) Tj ET Q q 0 0 0 rg BT 261.62 370.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.97 370.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 284.89 370.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.78 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.70 370.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 352.03 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.73 370.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 408.08 370.10 Td (due ) Tj ET Q q 0 0 0 rg BT 424.44 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.13 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.27 370.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 477.40 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.65 370.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 512.33 370.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 529.24 370.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.22 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.01 358.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 121.47 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.14 358.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 173.92 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.70 358.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 214.99 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.77 358.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 234.12 358.10 Td (million ) Tj ET Q q 0 0 0 rg BT 265.36 358.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 302.12 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.24 358.10 Td (refundable ) Tj ET Q q 0 0 0 rg BT 357.34 358.10 Td (income ) Tj ET Q q 0 0 0 rg BT 389.12 358.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 412.01 358.10 Td (due ) Tj ET Q q 0 0 0 rg BT 428.80 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.92 358.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 480.70 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.37 358.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.94 358.10 Td (refunds, ) Tj ET Q q 0 0 0 rg BT 540.77 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 557.56 358.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 61.97 346.10 Td (million ) Tj ET Q q 0 0 0 rg BT 92.84 346.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 133.13 346.10 Td (reimbursement. ) Tj ET Q q 0 0 0 rg BT 197.58 346.10 Td (Uses ) Tj ET Q q 0 0 0 rg BT 219.00 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.31 346.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.05 346.10 Td (included ) Tj ET Q q 0 0 0 rg BT 285.46 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.87 346.10 Td ($1) Tj ET Q q 0 0 0 rg BT 301.50 346.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 308.47 346.10 Td (million ) Tj ET Q q 0 0 0 rg BT 339.34 346.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 374.07 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.82 346.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 420.78 346.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 463.83 346.10 Td (due ) Tj ET Q q 0 0 0 rg BT 480.24 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.00 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.19 346.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 532.27 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.58 346.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.70 334.10 Td (collections. ) Tj ET Q q 0 0 0 rg BT 114.28 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 120.95 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.21 334.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 167.68 334.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 199.94 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.53 334.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.55 334.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 271.68 334.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.94 334.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 323.96 334.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 362.32 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.36 334.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 396.27 334.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 418.53 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.23 334.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 457.49 334.10 Td (stemmed ) Tj ET Q q 0 0 0 rg BT 495.85 334.10 Td (from ) Tj ET Q q 0 0 0 rg BT 517.55 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.25 334.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.97 322.10 Td (net ) Tj ET Q q 0 0 0 rg BT 74.38 322.10 Td (working ) Tj ET Q q 0 0 0 rg BT 109.90 322.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 138.75 322.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 178.15 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.67 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.30 322.10 Td (result ) Tj ET Q q 0 0 0 rg BT 219.71 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.23 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.64 322.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 284.05 322.10 Td (price ) Tj ET Q q 0 0 0 rg BT 306.23 322.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 358.96 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.81 322.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 403.33 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.96 322.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 465.47 322.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 488.76 322.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 513.16 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.79 322.10 Td (finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 71.21 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.54 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.20 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.52 310.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 132.18 310.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 159.50 310.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 185.15 310.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 226.36 310.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 265.63 310.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.85 310.10 Td (well ) Tj ET Q q 0 0 0 rg BT 296.95 310.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.17 310.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 342.72 310.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 383.37 310.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 439.28 310.10 Td (In ) Tj ET Q q 0 0 0 rg BT 450.49 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 462.82 310.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 516.25 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.46 310.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 553.67 310.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 94.26 298.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 118.52 298.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 143.90 298.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 173.44 298.10 Td (which ) Tj ET Q q 0 0 0 rg BT 201.05 298.10 Td (would ) Tj ET Q q 0 0 0 rg BT 229.21 298.10 Td (require ) Tj ET Q q 0 0 0 rg BT 260.69 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.30 298.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 299.22 298.10 Td (use ) Tj ET Q q 0 0 0 rg BT 315.71 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.21 298.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.14 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.97 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 378.35 298.10 Td (working ) Tj ET Q q 0 0 0 rg BT 414.85 298.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 444.66 298.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 471.99 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 488.49 298.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 517.21 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.15 298.10 Td (generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 93.57 286.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 126.60 286.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 145.73 286.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 169.31 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 190.10 286.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 229.23 286.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 266.69 286.10 Td (would ) Tj ET Q q 0 0 0 rg BT 293.05 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 303.85 286.10 Td (lar) Tj ET Q q 0 0 0 rg BT 314.21 286.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 332.79 286.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 375.24 286.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 396.60 286.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 436.83 286.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 469.86 286.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 508.98 286.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Sources ) Tj ET Q q 0 0 0 rg BT 84.70 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.07 265.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.88 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.70 265.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 152.39 265.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 175.43 265.10 Td (included ) Tj ET Q q 0 0 0 rg BT 212.90 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.38 265.10 Td ($56 ) Tj ET Q q 0 0 0 rg BT 238.42 265.10 Td (million ) Tj ET Q q 0 0 0 rg BT 270.35 265.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 307.81 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.62 265.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 356.65 265.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 400.77 265.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 441.02 265.10 Td (due ) Tj ET Q q 0 0 0 rg BT 458.50 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.31 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.57 265.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 513.72 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.09 265.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 547.57 265.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 95.26 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.64 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.02 253.10 Td ($69 ) Tj ET Q q 0 0 0 rg BT 134.97 253.10 Td (million ) Tj ET Q q 0 0 0 rg BT 165.80 253.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 202.16 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.88 253.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 258.25 253.10 Td (due ) Tj ET Q q 0 0 0 rg BT 274.63 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.36 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.51 253.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 331.56 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.83 253.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 386.53 253.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 403.46 253.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 442.05 253.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 467.87 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.25 253.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 512.31 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.58 253.10 Td (purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.31 241.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 92.11 241.10 Td (Uses ) Tj ET Q q 0 0 0 rg BT 114.43 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.63 241.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.26 241.10 Td (included ) Tj ET Q q 0 0 0 rg BT 183.56 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.87 241.10 Td ($36 ) Tj ET Q q 0 0 0 rg BT 208.74 241.10 Td (million ) Tj ET Q q 0 0 0 rg BT 240.50 241.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 277.78 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.43 241.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 326.28 241.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 360.25 241.10 Td (due ) Tj ET Q q 0 0 0 rg BT 377.55 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.20 241.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 413.84 241.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 431.70 241.10 Td (material ) Tj ET Q q 0 0 0 rg BT 467.32 241.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 505.73 241.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 532.48 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 241.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.61 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 229.10 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.60 208.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 108.74 208.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.33 208.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 159.69 208.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 197.39 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.76 208.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 230.01 208.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 251.61 208.10 Td (included ) Tj ET Q q 0 0 0 rg BT 287.64 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.67 208.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 329.68 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.06 208.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 385.08 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.01 208.10 Td ($36 ) Tj ET Q q 0 0 0 rg BT 411.61 208.10 Td (million ) Tj ET Q q 0 0 0 rg BT 442.09 208.10 Td (due ) Tj ET Q q 0 0 0 rg BT 458.13 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.50 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.31 208.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 509.02 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.95 208.10 Td (shipments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (Uses ) Tj ET Q q 0 0 0 rg BT 71.94 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.77 196.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.04 196.10 Td (included ) Tj ET Q q 0 0 0 rg BT 139.98 196.10 Td (an ) Tj ET Q q 0 0 0 rg BT 151.91 196.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 187.17 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.00 196.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 215.50 196.10 Td (million ) Tj ET Q q 0 0 0 rg BT 246.89 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.17 196.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 294.65 196.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 338.23 196.10 Td (due ) Tj ET Q q 0 0 0 rg BT 355.17 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.45 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.17 196.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 408.78 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.61 196.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 462.67 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.60 196.10 Td (collections. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 173.76699218750002 m 126.181640625 173.76699218750002 l s q 0 0 0 rg BT 50.00 175.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 88.97 175.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.30 157.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.93 157.10 Td (used ) Tj ET Q q 0 0 0 rg BT 109.12 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.76 157.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 159.28 157.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 198.24 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.88 157.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.40 157.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.40 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.26 157.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.67 157.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 292.53 157.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.42 157.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.78 157.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 369.06 157.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.70 157.10 Td ($28 ) Tj ET Q q 0 0 0 rg BT 397.56 157.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.46 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.32 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.95 157.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.47 157.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.47 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.33 157.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.63 157.10 Td ($41 ) Tj ET Q q 0 0 0 rg BT 522.49 157.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.38 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.24 157.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 145.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.16 145.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.69 124.10 Td (used ) Tj ET Q q 0 0 0 rg BT 93.70 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.17 124.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 143.52 124.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 182.31 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.77 124.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.11 124.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.11 124.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.30 124.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 264.99 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.11 124.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 304.80 124.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.92 124.10 Td ($35 ) Tj ET Q q 0 0 0 rg BT 359.61 124.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 124.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.69 124.10 Td ($32 ) Tj ET Q q 0 0 0 rg BT 411.37 124.10 Td (million ) Tj ET Q q 0 0 0 rg BT 442.95 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.08 124.10 Td ($39 ) Tj ET Q q 0 0 0 rg BT 477.77 124.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 511.84 124.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.51 124.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.38 112.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 89.63 112.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.32 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.70 112.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 188.51 112.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.44 112.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 249.25 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.29 112.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 322.75 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.79 112.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.05 112.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 396.64 112.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 447.01 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.39 112.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 517.75 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.79 112.10 Td (safety-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.15 100.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 106.93 100.10 Td (For ) Tj ET Q q 0 0 0 rg BT 122.78 100.10 Td (all ) Tj ET Q q 0 0 0 rg BT 134.72 100.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 158.33 100.10 Td (years ) Tj ET Q q 0 0 0 rg BT 181.38 100.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 224.14 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.31 100.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 282.47 100.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 318.31 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.59 100.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 357.19 100.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 410.23 100.10 Td (were ) Tj ET Q q 0 0 0 rg BT 431.61 100.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 474.66 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.38 100.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 527.99 100.10 Td (at ) Tj ET Q q 0 0 0 rg BT 536.73 100.10 Td (AMR. ) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (41) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 130.6298828125 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 93.42 742.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.87 724.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.07 724.10 Td (used ) Tj ET Q q 0 0 0 rg BT 107.84 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.05 724.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 158.24 724.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 196.78 724.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.87 724.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.96 724.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.96 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.39 724.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.38 724.10 Td ($65 ) Tj ET Q q 0 0 0 rg BT 292.81 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.70 724.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.63 724.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 368.49 724.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.70 724.10 Td ($1) Tj ET Q q 0 0 0 rg BT 398.33 724.10 Td (19 ) Tj ET Q q 0 0 0 rg BT 410.76 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.66 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.09 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.30 724.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.39 724.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.39 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.82 724.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.69 724.10 Td ($88 ) Tj ET Q q 0 0 0 rg BT 533.13 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 712.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 712.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.43 712.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.84 691.10 Td (used ) Tj ET Q q 0 0 0 rg BT 94.01 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.63 691.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 145.23 691.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 184.17 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.79 691.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.28 691.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.28 691.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.62 691.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 267.46 691.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.74 691.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 307.58 691.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.85 691.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 362.69 691.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.58 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.42 691.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.92 691.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 429.53 691.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 471.25 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.87 691.10 Td (each ) Tj ET Q q 0 0 0 rg BT 503.02 691.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 527.52 691.10 Td (year ) Tj ET Q q 0 0 0 rg BT 547.57 691.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td ($36 ) Tj ET Q q 0 0 0 rg BT 67.08 679.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.97 679.10 Td (, ) Tj ET Q q 0 0 0 rg BT 100.54 679.10 Td ($91 ) Tj ET Q q 0 0 0 rg BT 117.62 679.10 Td (million ) Tj ET Q q 0 0 0 rg BT 148.59 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.10 679.10 Td ($64 ) Tj ET Q q 0 0 0 rg BT 182.18 679.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 215.65 679.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 263.31 679.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.89 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.74 679.10 Td (net ) Tj ET Q q 0 0 0 rg BT 292.04 679.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 340.21 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.61 679.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 372.41 679.10 Td (Refer ) Tj ET Q q 0 0 0 rg BT 396.69 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.55 679.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 453.95 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.03 679.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 495.32 679.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 535.71 679.10 Td (below) Tj ET Q q 0 0 0 rg BT 559.50 679.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Credit Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (Following is a summary of our outstanding balances and availability on credit facilities and long-term debt, exclusive of capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (lease obligations \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 580.60 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 580.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 580.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.60 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 550.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 550.60 60.00 -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 434.5 580.6 m 438.5 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 580.6 m 498.5 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 580.6 m 562.5 580.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.30 605.28 Td (Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.10 595.28 Td (as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.70 585.28 Td (8/31/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.65 595.28 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.35 585.28 Td (Availability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.27 Td (Bank secured revolving credit facility) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.05 574.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 570.27 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 570.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 570.27 Td (150,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.27 Td (Tax-exempt economic development revenue bonds due January 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 555.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 555.27 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 555.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.27 Td (Other debt obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 540.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 540.27 Td (765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 540.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 526.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 513.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 513.90 Td (Remaining ) Tj ET Q q 0 0 0 rg BT 105.11 513.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 143.09 513.90 Td (is ) Tj ET Q q 0 0 0 rg BT 150.43 513.90 Td (net ) Tj ET Q q 0 0 0 rg BT 162.20 513.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.87 513.90 Td ($16 ) Tj ET Q q 0 0 0 rg BT 184.87 513.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.98 513.90 Td ( ) Tj ET Q q 0 0 0 rg BT 209.98 513.90 Td (of ) Tj ET Q q 0 0 0 rg BT 218.64 513.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 257.98 513.90 Td (stand-by ) Tj ET Q q 0 0 0 rg BT 287.53 513.90 Td (letters ) Tj ET Q q 0 0 0 rg BT 309.07 513.90 Td (of ) Tj ET Q q 0 0 0 rg BT 317.74 513.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 337.95 513.90 Td (as ) Tj ET Q q 0 0 0 rg BT 346.61 513.90 Td (of ) Tj ET Q q 0 0 0 rg BT 354.84 513.90 Td (August ) Tj ET Q q 0 0 0 rg BT 379.95 513.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 391.95 513.90 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.90 Td (On ) Tj ET Q q 0 0 0 rg BT 63.48 492.90 Td (April ) Tj ET Q q 0 0 0 rg BT 86.20 492.90 Td (6, ) Tj ET Q q 0 0 0 rg BT 95.31 492.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 119.42 492.90 Td (we ) Tj ET Q q 0 0 0 rg BT 132.69 492.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.74 492.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 177.55 492.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.50 492.90 Td (our ) Tj ET Q q 0 0 0 rg BT 202.44 492.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 251.27 492.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 282.30 492.90 Td (into ) Tj ET Q q 0 0 0 rg BT 299.47 492.90 Td (the ) Tj ET Q q 0 0 0 rg BT 313.18 492.90 Td (Third ) Tj ET Q q 0 0 0 rg BT 336.65 492.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 377.14 492.90 Td (and ) Tj ET Q q 0 0 0 rg BT 393.19 492.90 Td (Restated ) Tj ET Q q 0 0 0 rg BT 429.24 492.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 455.49 492.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 501.52 492.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 518.68 492.90 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.20 480.90 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 132.43 480.90 Td (by ) Tj ET Q q 0 0 0 rg BT 143.97 480.90 Td (and ) Tj ET Q q 0 0 0 rg BT 159.95 480.90 Td (among ) Tj ET Q q 0 0 0 rg BT 188.71 480.90 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 228.02 480.90 Td (Steel ) Tj ET Q q 0 0 0 rg BT 249.56 480.90 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 293.04 480.90 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 312.35 480.90 Td (as ) Tj ET Q q 0 0 0 rg BT 322.22 480.90 Td (the ) Tj ET Q q 0 0 0 rg BT 335.98 480.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 355.30 480.90 Td (borrower) Tj ET Q q 0 0 0 rg BT 391.55 480.90 Td (, ) Tj ET Q q 0 0 0 rg BT 395.59 480.90 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 434.90 480.90 Td (Steel ) Tj ET Q q 0 0 0 rg BT 456.44 480.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 487.96 480.90 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 508.39 480.90 Td (as ) Tj ET Q q 0 0 0 rg BT 518.27 480.90 Td (a ) Tj ET Q q 0 0 0 rg BT 524.25 480.90 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.90 Td (borrower) Tj ET Q q 0 0 0 rg BT 86.25 468.90 Td (, ) Tj ET Q q 0 0 0 rg BT 91.50 468.90 Td (Bank ) Tj ET Q q 0 0 0 rg BT 115.37 468.90 Td (of ) Tj ET Q q 0 0 0 rg BT 125.84 468.90 Td (America, ) Tj ET Q q 0 0 0 rg BT 165.52 468.90 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 190.22 468.90 Td (as ) Tj ET Q q 0 0 0 rg BT 201.30 468.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 261.26 468.90 Td (agent, ) Tj ET Q q 0 0 0 rg BT 288.17 468.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.36 468.90 Td (the ) Tj ET Q q 0 0 0 rg BT 320.33 468.90 Td (other ) Tj ET Q q 0 0 0 rg BT 343.64 468.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 375.27 468.90 Td (party ) Tj ET Q q 0 0 0 rg BT 398.57 468.90 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 431.58 468.90 Td (which ) Tj ET Q q 0 0 0 rg BT 458.78 468.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 497.62 468.90 Td (and ) Tj ET Q q 0 0 0 rg BT 514.82 468.90 Td (restated ) Tj ET Q q 0 0 0 rg BT 548.66 468.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.90 Td (existing ) Tj ET Q q 0 0 0 rg BT 83.75 456.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 108.60 456.90 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 154.83 456.90 Td (dated ) Tj ET Q q 0 0 0 rg BT 178.57 456.90 Td (as ) Tj ET Q q 0 0 0 rg BT 188.99 456.90 Td (of ) Tj ET Q q 0 0 0 rg BT 199.40 456.90 Td (February ) Tj ET Q q 0 0 0 rg BT 237.59 456.90 Td (9, ) Tj ET Q q 0 0 0 rg BT 247.17 456.90 Td (201) Tj ET Q q 0 0 0 rg BT 261.80 456.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 268.89 456.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 286.52 456.90 Td (Prior ) Tj ET Q q 0 0 0 rg BT 313.05 456.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 339.67 456.90 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 396.30 456.90 Td (The ) Tj ET Q q 0 0 0 rg BT 413.47 456.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 454.43 456.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 481.05 456.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 527.56 456.90 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.90 Td (for ) Tj ET Q q 0 0 0 rg BT 64.52 444.90 Td ($335 ) Tj ET Q q 0 0 0 rg BT 87.38 444.90 Td (million ) Tj ET Q q 0 0 0 rg BT 119.13 444.90 Td (and ) Tj ET Q q 0 0 0 rg BT 136.43 444.90 Td (C$15 ) Tj ET Q q 0 0 0 rg BT 160.95 444.90 Td (million ) Tj ET Q q 0 0 0 rg BT 192.71 444.90 Td (in ) Tj ET Q q 0 0 0 rg BT 203.34 444.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 230.64 444.90 Td (secured ) Tj ET Q q 0 0 0 rg BT 264.04 444.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 305.22 444.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 330.84 444.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 368.13 444.90 Td (maturing ) Tj ET Q q 0 0 0 rg BT 407.09 444.90 Td (in ) Tj ET Q q 0 0 0 rg BT 417.10 444.90 Td (April ) Tj ET Q q 0 0 0 rg BT 441.07 444.90 Td (2021. ) Tj ET Q q 0 0 0 rg BT 466.22 444.90 Td (The ) Tj ET Q q 0 0 0 rg BT 484.62 444.90 Td ($335 ) Tj ET Q q 0 0 0 rg BT 507.48 444.90 Td (million ) Tj ET Q q 0 0 0 rg BT 539.23 444.90 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.76 432.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 116.53 432.90 Td (a ) Tj ET Q q 0 0 0 rg BT 123.41 432.90 Td ($50 ) Tj ET Q q 0 0 0 rg BT 140.85 432.90 Td (million ) Tj ET Q q 0 0 0 rg BT 172.18 432.90 Td (sublimit ) Tj ET Q q 0 0 0 rg BT 207.40 432.90 Td (for ) Tj ET Q q 0 0 0 rg BT 221.50 432.90 Td (letters ) Tj ET Q q 0 0 0 rg BT 248.38 432.90 Td (of ) Tj ET Q q 0 0 0 rg BT 259.15 432.90 Td (credit, ) Tj ET Q q 0 0 0 rg BT 286.85 432.90 Td (a ) Tj ET Q q 0 0 0 rg BT 293.73 432.90 Td ($25 ) Tj ET Q q 0 0 0 rg BT 311.17 432.90 Td (million ) Tj ET Q q 0 0 0 rg BT 342.50 432.90 Td (sublimit ) Tj ET Q q 0 0 0 rg BT 377.73 432.90 Td (for ) Tj ET Q q 0 0 0 rg BT 391.83 432.90 Td (swingline ) Tj ET Q q 0 0 0 rg BT 433.15 432.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 456.70 432.90 Td (and ) Tj ET Q q 0 0 0 rg BT 473.58 432.90 Td (a ) Tj ET Q q 0 0 0 rg BT 480.46 432.90 Td ($50 ) Tj ET Q q 0 0 0 rg BT 497.90 432.90 Td (million ) Tj ET Q q 0 0 0 rg BT 529.23 432.90 Td (sublimit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.90 Td (for ) Tj ET Q q 0 0 0 rg BT 64.04 420.90 Td (multicurrency ) Tj ET Q q 0 0 0 rg BT 122.50 420.90 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 172.93 420.90 Td (Subject ) Tj ET Q q 0 0 0 rg BT 205.30 420.90 Td (to ) Tj ET Q q 0 0 0 rg BT 215.46 420.90 Td (the ) Tj ET Q q 0 0 0 rg BT 230.05 420.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 254.65 420.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.46 420.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 315.50 420.90 Td (of ) Tj ET Q q 0 0 0 rg BT 326.21 420.90 Td (the ) Tj ET Q q 0 0 0 rg BT 340.28 420.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 381.53 420.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 408.38 420.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 457.68 420.90 Td (the ) Tj ET Q q 0 0 0 rg BT 472.28 420.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.54 420.90 Td (may ) Tj ET Q q 0 0 0 rg BT 533.13 420.90 Td (request ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.90 Td (that ) Tj ET Q q 0 0 0 rg BT 67.92 408.90 Td (the ) Tj ET Q q 0 0 0 rg BT 83.05 408.90 Td (commitments ) Tj ET Q q 0 0 0 rg BT 140.41 408.90 Td (under ) Tj ET Q q 0 0 0 rg BT 166.10 408.90 Td (the ) Tj ET Q q 0 0 0 rg BT 181.24 408.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 201.95 408.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 227.63 408.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 258.87 408.90 Td (be ) Tj ET Q q 0 0 0 rg BT 271.23 408.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 311.91 408.90 Td (by ) Tj ET Q q 0 0 0 rg BT 324.83 408.90 Td (an ) Tj ET Q q 0 0 0 rg BT 337.19 408.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 378.97 408.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 411.89 408.90 Td (not ) Tj ET Q q 0 0 0 rg BT 427.59 408.90 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 471.04 408.90 Td ($100 ) Tj ET Q q 0 0 0 rg BT 493.97 408.90 Td (million ) Tj ET Q q 0 0 0 rg BT 525.78 408.90 Td (if ) Tj ET Q q 0 0 0 rg BT 534.81 408.90 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 93.91 396.90 Td (are ) Tj ET Q q 0 0 0 rg BT 108.36 396.90 Td (met ) Tj ET Q q 0 0 0 rg BT 125.60 396.90 Td (including ) Tj ET Q q 0 0 0 rg BT 165.62 396.90 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 218.95 396.90 Td (by ) Tj ET Q q 0 0 0 rg BT 231.20 396.90 Td (our ) Tj ET Q q 0 0 0 rg BT 246.77 396.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 277.89 396.90 Td (and ) Tj ET Q q 0 0 0 rg BT 294.58 396.90 Td (achievement ) Tj ET Q q 0 0 0 rg BT 347.35 396.90 Td (of ) Tj ET Q q 0 0 0 rg BT 357.92 396.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 387.37 396.90 Td (pro ) Tj ET Q q 0 0 0 rg BT 402.95 396.90 Td (forma ) Tj ET Q q 0 0 0 rg BT 429.07 396.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 466.29 396.90 Td (results. ) Tj ET Q q 0 0 0 rg BT 496.98 396.90 Td (The ) Tj ET Q q 0 0 0 rg BT 514.78 396.90 Td (Prior ) Tj ET Q q 0 0 0 rg BT 537.02 396.90 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.58 384.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.28 384.90 Td (for ) Tj ET Q q 0 0 0 rg BT 148.09 384.90 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 190.78 384.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 215.70 384.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 252.28 384.90 Td (with ) Tj ET Q q 0 0 0 rg BT 272.21 384.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 312.69 384.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 335.95 384.90 Td (of ) Tj ET Q q 0 0 0 rg BT 346.44 384.90 Td (up ) Tj ET Q q 0 0 0 rg BT 358.59 384.90 Td (to ) Tj ET Q q 0 0 0 rg BT 368.52 384.90 Td ($670 ) Tj ET Q q 0 0 0 rg BT 390.67 384.90 Td (million ) Tj ET Q q 0 0 0 rg BT 421.72 384.90 Td (and ) Tj ET Q q 0 0 0 rg BT 438.31 384.90 Td (C$30 ) Tj ET Q q 0 0 0 rg BT 462.13 384.90 Td (million ) Tj ET Q q 0 0 0 rg BT 493.18 384.90 Td (maturing ) Tj ET Q q 0 0 0 rg BT 531.44 384.90 Td (in ) Tj ET Q q 0 0 0 rg BT 540.89 384.90 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.90 Td (2017. ) Tj ET Q q 0 0 0 rg BT 74.80 372.90 Td (W) Tj ET Q q 0 0 0 rg BT 83.44 372.90 Td (e ) Tj ET Q q 0 0 0 rg BT 90.36 372.90 Td (sized ) Tj ET Q q 0 0 0 rg BT 113.38 372.90 Td (our ) Tj ET Q q 0 0 0 rg BT 129.19 372.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 154.44 372.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 185.23 372.90 Td (renewal ) Tj ET Q q 0 0 0 rg BT 219.36 372.90 Td (based ) Tj ET Q q 0 0 0 rg BT 244.61 372.90 Td (on ) Tj ET Q q 0 0 0 rg BT 257.09 372.90 Td (historic ) Tj ET Q q 0 0 0 rg BT 289.56 372.90 Td (and ) Tj ET Q q 0 0 0 rg BT 306.48 372.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 344.49 372.90 Td (future ) Tj ET Q q 0 0 0 rg BT 370.85 372.90 Td (usage ) Tj ET Q q 0 0 0 rg BT 396.10 372.90 Td (and ) Tj ET Q q 0 0 0 rg BT 413.01 372.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 444.37 372.90 Td (the ) Tj ET Q q 0 0 0 rg BT 459.06 372.90 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 503.20 372.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 538.99 372.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 372.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 91.38 360.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 118.32 360.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 165.24 360.90 Td (is ) Tj ET Q q 0 0 0 rg BT 174.41 360.90 Td (adequate ) Tj ET Q q 0 0 0 rg BT 212.45 360.90 Td (to ) Tj ET Q q 0 0 0 rg BT 222.72 360.90 Td (cover ) Tj ET Q q 0 0 0 rg BT 247.43 360.90 Td (our ) Tj ET Q q 0 0 0 rg BT 263.26 360.90 Td (short- ) Tj ET Q q 0 0 0 rg BT 289.09 360.90 Td (and ) Tj ET Q q 0 0 0 rg BT 306.03 360.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 347.96 360.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 388.23 360.90 Td (needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.90 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.80 340.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 104.49 340.90 Td (on ) Tj ET Q q 0 0 0 rg BT 117.30 340.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 166.78 340.90 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 221.25 340.90 Td (under ) Tj ET Q q 0 0 0 rg BT 246.83 340.90 Td (the ) Tj ET Q q 0 0 0 rg BT 261.23 340.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 302.92 340.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 330.11 340.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 377.35 340.90 Td (are ) Tj ET Q q 0 0 0 rg BT 392.37 340.90 Td (based, ) Tj ET Q q 0 0 0 rg BT 420.45 340.90 Td (at ) Tj ET Q q 0 0 0 rg BT 430.48 340.90 Td (our ) Tj ET Q q 0 0 0 rg BT 446.62 340.90 Td (option, ) Tj ET Q q 0 0 0 rg BT 477.49 340.90 Td (on ) Tj ET Q q 0 0 0 rg BT 490.30 340.90 Td (either ) Tj ET Q q 0 0 0 rg BT 515.88 340.90 Td (the ) Tj ET Q q 0 0 0 rg BT 530.91 340.90 Td (London ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.90 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 90.89 328.90 Td (Of) Tj ET Q q 0 0 0 rg BT 101.26 328.90 Td (fered ) Tj ET Q q 0 0 0 rg BT 124.37 328.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 145.27 328.90 Td (\("LIBOR"\), ) Tj ET Q q 0 0 0 rg BT 195.17 328.90 Td (or ) Tj ET Q q 0 0 0 rg BT 206.07 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 220.86 328.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 261.20 328.90 Td (equivalent, ) Tj ET Q q 0 0 0 rg BT 307.92 328.90 Td (plus ) Tj ET Q q 0 0 0 rg BT 327.16 328.90 Td (a ) Tj ET Q q 0 0 0 rg BT 334.17 328.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 362.85 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 373.75 328.90 Td (between ) Tj ET Q q 0 0 0 rg BT 409.64 328.90 Td (1.75% ) Tj ET Q q 0 0 0 rg BT 438.04 328.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.05 328.90 Td (2.75%, ) Tj ET Q q 0 0 0 rg BT 485.96 328.90 Td (with ) Tj ET Q q 0 0 0 rg BT 506.31 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 521.10 328.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.67 328.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 65.20 316.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 94.28 316.90 Td (based ) Tj ET Q q 0 0 0 rg BT 120.02 316.90 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 316.90 Td (a ) Tj ET Q q 0 0 0 rg BT 140.42 316.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 171.73 316.90 Td (grid ) Tj ET Q q 0 0 0 rg BT 190.82 316.90 Td (tied ) Tj ET Q q 0 0 0 rg BT 208.79 316.90 Td (to ) Tj ET Q q 0 0 0 rg BT 219.55 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 234.75 316.90 Td (Company) Tj ET Q q 0 0 0 rg BT 276.41 316.90 Td (s ) Tj ET Q q 0 0 0 rg BT 283.28 316.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 320.13 316.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 341.43 316.90 Td (but ) Tj ET Q q 0 0 0 rg BT 357.19 316.90 Td (no ) Tj ET Q q 0 0 0 rg BT 370.17 316.90 Td (less ) Tj ET Q q 0 0 0 rg BT 388.15 316.90 Td (than ) Tj ET Q q 0 0 0 rg BT 408.35 316.90 Td (2.50% ) Tj ET Q q 0 0 0 rg BT 437.16 316.90 Td (for ) Tj ET Q q 0 0 0 rg BT 451.80 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.99 316.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 491.63 316.90 Td (quarters ) Tj ET Q q 0 0 0 rg BT 526.81 316.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 553.67 316.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 79.37 304.90 Td (May ) Tj ET Q q 0 0 0 rg BT 99.86 304.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 114.51 304.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 138.69 304.90 Td (August ) Tj ET Q q 0 0 0 rg BT 169.74 304.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 184.39 304.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 206.55 304.90 Td (and ) Tj ET Q q 0 0 0 rg BT 223.14 304.90 Td (November ) Tj ET Q q 0 0 0 rg BT 267.50 304.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 282.16 304.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 306.81 304.90 Td (or ) Tj ET Q q 0 0 0 rg BT 317.30 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 304.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 361.58 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 372.06 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 386.43 304.90 Td (prime ) Tj ET Q q 0 0 0 rg BT 411.91 304.90 Td (rate, ) Tj ET Q q 0 0 0 rg BT 431.55 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 445.92 304.90 Td (federal ) Tj ET Q q 0 0 0 rg BT 475.83 304.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 500.21 304.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 517.35 304.90 Td (plus ) Tj ET Q q 0 0 0 rg BT 536.17 304.90 Td (0.50% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.90 Td (or ) Tj ET Q q 0 0 0 rg BT 60.56 292.90 Td (the ) Tj ET Q q 0 0 0 rg BT 75.01 292.90 Td (daily ) Tj ET Q q 0 0 0 rg BT 97.24 292.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 114.45 292.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 138.34 292.90 Td (to ) Tj ET Q q 0 0 0 rg BT 148.35 292.90 Td (one-month ) Tj ET Q q 0 0 0 rg BT 193.91 292.90 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 226.14 292.90 Td (plus ) Tj ET Q q 0 0 0 rg BT 245.04 292.90 Td (1.75%, ) Tj ET Q q 0 0 0 rg BT 275.60 292.90 Td (in ) Tj ET Q q 0 0 0 rg BT 285.61 292.90 Td (each ) Tj ET Q q 0 0 0 rg BT 306.16 292.90 Td (case ) Tj ET Q q 0 0 0 rg BT 325.60 292.90 Td (plus ) Tj ET Q q 0 0 0 rg BT 344.50 292.90 Td (a ) Tj ET Q q 0 0 0 rg BT 351.17 292.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 379.50 292.90 Td (of ) Tj ET Q q 0 0 0 rg BT 390.06 292.90 Td (between ) Tj ET Q q 0 0 0 rg BT 425.61 292.90 Td (zero ) Tj ET Q q 0 0 0 rg BT 445.04 292.90 Td (and ) Tj ET Q q 0 0 0 rg BT 461.71 292.90 Td (1.00% ) Tj ET Q q 0 0 0 rg BT 489.78 292.90 Td (based ) Tj ET Q q 0 0 0 rg BT 514.78 292.90 Td (on ) Tj ET Q q 0 0 0 rg BT 527.01 292.90 Td (a ) Tj ET Q q 0 0 0 rg BT 533.68 292.90 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.90 Td (grid ) Tj ET Q q 0 0 0 rg BT 68.65 280.90 Td (tied ) Tj ET Q q 0 0 0 rg BT 86.20 280.90 Td (to ) Tj ET Q q 0 0 0 rg BT 96.52 280.90 Td (the ) Tj ET Q q 0 0 0 rg BT 111.28 280.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 158.41 280.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 194.82 280.90 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 218.19 280.90 Td (In ) Tj ET Q q 0 0 0 rg BT 229.07 280.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 266.89 280.90 Td (commitment ) Tj ET Q q 0 0 0 rg BT 319.98 280.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 338.63 280.90 Td (are ) Tj ET Q q 0 0 0 rg BT 353.38 280.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 387.02 280.90 Td (on ) Tj ET Q q 0 0 0 rg BT 399.57 280.90 Td (the ) Tj ET Q q 0 0 0 rg BT 414.33 280.90 Td (unused ) Tj ET Q q 0 0 0 rg BT 445.21 280.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 476.64 280.90 Td (of ) Tj ET Q q 0 0 0 rg BT 487.51 280.90 Td (the ) Tj ET Q q 0 0 0 rg BT 502.28 280.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 527.59 280.90 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.90 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 268.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 81.09 268.90 Td (between ) Tj ET Q q 0 0 0 rg BT 116.91 268.90 Td (0.20% ) Tj ET Q q 0 0 0 rg BT 145.24 268.90 Td (and ) Tj ET Q q 0 0 0 rg BT 162.18 268.90 Td (0.40% ) Tj ET Q q 0 0 0 rg BT 190.51 268.90 Td (based ) Tj ET Q q 0 0 0 rg BT 215.78 268.90 Td (on ) Tj ET Q q 0 0 0 rg BT 228.28 268.90 Td (a ) Tj ET Q q 0 0 0 rg BT 235.21 268.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 266.04 268.90 Td (grid ) Tj ET Q q 0 0 0 rg BT 284.65 268.90 Td (tied ) Tj ET Q q 0 0 0 rg BT 302.14 268.90 Td (to ) Tj ET Q q 0 0 0 rg BT 312.42 268.90 Td (our ) Tj ET Q q 0 0 0 rg BT 328.25 268.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 364.61 268.90 Td (ratio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 250.90 Td (e ) Tj ET Q q 0 0 0 rg BT 66.65 250.90 Td (had ) Tj ET Q q 0 0 0 rg BT 84.66 250.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 133.79 250.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 184.02 250.90 Td (under ) Tj ET Q q 0 0 0 rg BT 210.37 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.16 250.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 252.49 250.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 284.39 250.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.29 250.90 Td ($180 ) Tj ET Q q 0 0 0 rg BT 319.86 250.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.75 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 352.33 250.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.34 250.90 Td ($215 ) Tj ET Q q 0 0 0 rg BT 393.91 250.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 426.38 250.90 Td (as ) Tj ET Q q 0 0 0 rg BT 438.28 250.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.40 250.90 Td (August ) Tj ET Q q 0 0 0 rg BT 481.86 250.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 497.93 250.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 521.51 250.90 Td (and ) Tj ET Q q 0 0 0 rg BT 539.52 250.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 250.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 238.90 Td (. ) Tj ET Q q 0 0 0 rg BT 102.82 238.90 Td (The ) Tj ET Q q 0 0 0 rg BT 121.24 238.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 160.77 238.90 Td (average ) Tj ET Q q 0 0 0 rg BT 194.72 238.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 227.03 238.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 244.89 238.90 Td (on ) Tj ET Q q 0 0 0 rg BT 257.76 238.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 294.51 238.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 344.05 238.90 Td (under ) Tj ET Q q 0 0 0 rg BT 369.69 238.90 Td (this ) Tj ET Q q 0 0 0 rg BT 387.01 238.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 418.20 238.90 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.62 238.90 Td (3.01%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.45 238.90 Td ( ) Tj ET Q q 0 0 0 rg BT 465.32 238.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.63 238.90 Td (1.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.46 238.90 Td ( ) Tj ET Q q 0 0 0 rg BT 511.34 238.90 Td (as ) Tj ET Q q 0 0 0 rg BT 522.54 238.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 238.90 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 226.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 87.50 226.90 Td (and ) Tj ET Q q 0 0 0 rg BT 104.44 226.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.44 226.90 Td (, ) Tj ET Q q 0 0 0 rg BT 129.44 226.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.10 226.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 205.90 Td (e ) Tj ET Q q 0 0 0 rg BT 64.42 205.90 Td (use ) Tj ET Q q 0 0 0 rg BT 79.09 205.90 Td (this ) Tj ET Q q 0 0 0 rg BT 94.88 205.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 118.99 205.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 148.65 205.90 Td (to ) Tj ET Q q 0 0 0 rg BT 157.77 205.90 Td (fund ) Tj ET Q q 0 0 0 rg BT 177.44 205.90 Td (working ) Tj ET Q q 0 0 0 rg BT 212.11 205.90 Td (capital, ) Tj ET Q q 0 0 0 rg BT 242.60 205.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 270.60 205.90 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 325.53 205.90 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 368.26 205.90 Td (share ) Tj ET Q q 0 0 0 rg BT 390.70 205.90 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 439.24 205.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.02 205.90 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 506.54 205.90 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 205.90 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.74 193.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 123.39 193.90 Td (contains ) Tj ET Q q 0 0 0 rg BT 158.95 193.90 Td (various ) Tj ET Q q 0 0 0 rg BT 190.63 193.90 Td (representations ) Tj ET Q q 0 0 0 rg BT 253.39 193.90 Td (and ) Tj ET Q q 0 0 0 rg BT 270.06 193.90 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 316.44 193.90 Td (events ) Tj ET Q q 0 0 0 rg BT 344.22 193.90 Td (of ) Tj ET Q q 0 0 0 rg BT 354.79 193.90 Td (default ) Tj ET Q q 0 0 0 rg BT 384.79 193.90 Td (and ) Tj ET Q q 0 0 0 rg BT 401.46 193.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.67 193.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.34 193.90 Td (other ) Tj ET Q q 0 0 0 rg BT 478.13 193.90 Td (customary ) Tj ET Q q 0 0 0 rg BT 522.01 193.90 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.90 Td (which ) Tj ET Q q 0 0 0 rg BT 76.08 181.90 Td (limit ) Tj ET Q q 0 0 0 rg BT 96.62 181.90 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 129.92 181.90 Td (to ) Tj ET Q q 0 0 0 rg BT 139.34 181.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 168.19 181.90 Td (exceptions\) ) Tj ET Q q 0 0 0 rg BT 215.93 181.90 Td (our ) Tj ET Q q 0 0 0 rg BT 230.90 181.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 258.10 181.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 270.02 181.90 Td (among ) Tj ET Q q 0 0 0 rg BT 298.88 181.90 Td (other ) Tj ET Q q 0 0 0 rg BT 321.07 181.90 Td (things, ) Tj ET Q q 0 0 0 rg BT 349.67 181.90 Td (incur ) Tj ET Q q 0 0 0 rg BT 371.86 181.90 Td (or ) Tj ET Q q 0 0 0 rg BT 381.83 181.90 Td (suf) Tj ET Q q 0 0 0 rg BT 393.87 181.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 406.62 181.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.04 181.90 Td (exist ) Tj ET Q q 0 0 0 rg BT 436.57 181.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.42 181.90 Td (liens, ) Tj ET Q q 0 0 0 rg BT 488.45 181.90 Td (make ) Tj ET Q q 0 0 0 rg BT 511.75 181.90 Td (investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.90 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.79 169.90 Td (or ) Tj ET Q q 0 0 0 rg BT 83.37 169.90 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 120.60 169.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 162.84 169.90 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 219.24 169.90 Td (enter ) Tj ET Q q 0 0 0 rg BT 241.47 169.90 Td (into ) Tj ET Q q 0 0 0 rg BT 259.27 169.90 Td (consolidations, ) Tj ET Q q 0 0 0 rg BT 321.79 169.90 Td (mer) Tj ET Q q 0 0 0 rg BT 337.16 169.90 Td (gers, ) Tj ET Q q 0 0 0 rg BT 358.56 169.90 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 411.08 169.90 Td (and ) Tj ET Q q 0 0 0 rg BT 427.77 169.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 449.45 169.90 Td (of ) Tj ET Q q 0 0 0 rg BT 460.03 169.90 Td (assets, ) Tj ET Q q 0 0 0 rg BT 488.11 169.90 Td (make ) Tj ET Q q 0 0 0 rg BT 512.01 169.90 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.90 Td (and ) Tj ET Q q 0 0 0 rg BT 67.16 157.90 Td (other ) Tj ET Q q 0 0 0 rg BT 90.43 157.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 130.36 157.90 Td (payments, ) Tj ET Q q 0 0 0 rg BT 173.91 157.90 Td (change ) Tj ET Q q 0 0 0 rg BT 204.95 157.90 Td (the ) Tj ET Q q 0 0 0 rg BT 219.89 157.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 247.60 157.90 Td (of ) Tj ET Q q 0 0 0 rg BT 258.65 157.90 Td (our ) Tj ET Q q 0 0 0 rg BT 274.70 157.90 Td (business, ) Tj ET Q q 0 0 0 rg BT 313.82 157.90 Td (engage ) Tj ET Q q 0 0 0 rg BT 344.86 157.90 Td (in ) Tj ET Q q 0 0 0 rg BT 355.36 157.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 405.85 157.90 Td (with ) Tj ET Q q 0 0 0 rg BT 426.35 157.90 Td (af) Tj ET Q q 0 0 0 rg BT 433.94 157.90 Td (filiates ) Tj ET Q q 0 0 0 rg BT 463.87 157.90 Td (and ) Tj ET Q q 0 0 0 rg BT 481.03 157.90 Td (enter ) Tj ET Q q 0 0 0 rg BT 503.74 157.90 Td (into ) Tj ET Q q 0 0 0 rg BT 522.02 157.90 Td (restrictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.90 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 100.30 145.90 Td (including ) Tj ET Q q 0 0 0 rg BT 140.33 145.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 188.13 145.90 Td (that ) Tj ET Q q 0 0 0 rg BT 205.39 145.90 Td (restrict ) Tj ET Q q 0 0 0 rg BT 235.41 145.90 Td (the ) Tj ET Q q 0 0 0 rg BT 249.89 145.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 277.71 145.90 Td (of ) Tj ET Q q 0 0 0 rg BT 288.30 145.90 Td (our ) Tj ET Q q 0 0 0 rg BT 303.89 145.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 353.37 145.90 Td (to ) Tj ET Q q 0 0 0 rg BT 363.42 145.90 Td (make ) Tj ET Q q 0 0 0 rg BT 387.33 145.90 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 441.94 145.90 Td (The ) Tj ET Q q 0 0 0 rg BT 459.75 145.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 496.99 145.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 539.24 145.90 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.07 133.90 Td (Amended ) Tj ET Q q 0 0 0 rg BT 105.32 133.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 132.17 133.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 178.97 133.90 Td (include ) Tj ET Q q 0 0 0 rg BT 210.79 133.90 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 224.26 133.90 Td (a ) Tj ET Q q 0 0 0 rg BT 231.08 133.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 284.00 133.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 306.92 133.90 Td (char) Tj ET Q q 0 0 0 rg BT 323.95 133.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 335.77 133.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 374.23 133.90 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 397.43 133.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 429.79 133.90 Td (as ) Tj ET Q q 0 0 0 rg BT 440.50 133.90 Td (the ) Tj ET Q q 0 0 0 rg BT 455.10 133.90 Td (four) Tj ET Q q 0 0 0 rg BT 471.56 133.90 Td (-quarter ) Tj ET Q q 0 0 0 rg BT 505.58 133.90 Td (rolling ) Tj ET Q q 0 0 0 rg BT 534.62 133.90 Td (sum ) Tj ET Q q 0 0 0 rg BT 553.67 133.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 104.72 121.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 142.22 121.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 178.33 121.90 Td ( ) Tj ET Q q 0 0 0 rg BT 182.50 121.90 Td (less ) Tj ET Q q 0 0 0 rg BT 201.67 121.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 235.83 121.90 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 290.54 121.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 321.36 121.90 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 376.63 121.90 Td (divided ) Tj ET Q q 0 0 0 rg BT 410.80 121.90 Td (by ) Tj ET Q q 0 0 0 rg BT 424.98 121.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 479.69 121.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 504.41 121.90 Td (char) Tj ET Q q 0 0 0 rg BT 521.44 121.90 Td (ges; ) Tj ET Q q 0 0 0 rg BT 541.72 121.90 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 557.56 121.90 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 104.34 109.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 142.00 109.90 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 166.62 109.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 200.40 109.90 Td (as ) Tj ET Q q 0 0 0 rg BT 212.53 109.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 266.87 109.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 298.43 109.90 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 353.89 109.90 Td (divided ) Tj ET Q q 0 0 0 rg BT 387.68 109.90 Td (by ) Tj ET Q q 0 0 0 rg BT 401.47 109.90 Td (the ) Tj ET Q q 0 0 0 rg BT 417.49 109.90 Td (sum ) Tj ET Q q 0 0 0 rg BT 437.96 109.90 Td (of ) Tj ET Q q 0 0 0 rg BT 450.08 109.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 504.42 109.90 Td (net ) Tj ET Q q 0 0 0 rg BT 520.43 109.90 Td (worth ) Tj ET Q q 0 0 0 rg BT 547.56 109.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.01 97.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 133.24 97.90 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 190.14 97.90 Td (and ) Tj ET Q q 0 0 0 rg BT 207.04 97.90 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 220.61 97.90 Td (a ) Tj ET Q q 0 0 0 rg BT 227.51 97.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 280.52 97.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 302.42 97.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 340.97 97.90 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 364.26 97.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 396.71 97.90 Td (as ) Tj ET Q q 0 0 0 rg BT 407.50 97.90 Td (the ) Tj ET Q q 0 0 0 rg BT 422.18 97.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 475.19 97.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 497.09 97.90 Td (value ) Tj ET Q q 0 0 0 rg BT 521.21 97.90 Td (of ) Tj ET Q q 0 0 0 rg BT 532.01 97.90 Td (eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.50 85.90 Td (divided ) Tj ET Q q 0 0 0 rg BT 107.67 85.90 Td (by ) Tj ET Q q 0 0 0 rg BT 119.84 85.90 Td (the ) Tj ET Q q 0 0 0 rg BT 134.23 85.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 186.95 85.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 216.89 85.90 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 273.06 85.90 Td (The ) Tj ET Q q 0 0 0 rg BT 290.78 85.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 327.93 85.90 Td (covenants ) Tj ET Q q 0 0 0 rg BT 370.09 85.90 Td (require ) Tj ET Q q 0 0 0 rg BT 400.58 85.90 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 453.28 85.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.78 85.90 Td (a ) Tj ET Q q 0 0 0 rg BT 470.39 85.90 Td (minimum ) Tj ET Q q 0 0 0 rg BT 511.46 85.90 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.66 73.90 Td (char) Tj ET Q q 0 0 0 rg BT 89.68 73.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 101.23 73.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 139.42 73.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 159.86 73.90 Td (of ) Tj ET Q q 0 0 0 rg BT 170.30 73.90 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 189.91 73.90 Td (to ) Tj ET Q q 0 0 0 rg BT 199.79 73.90 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 219.40 73.90 Td (for ) Tj ET Q q 0 0 0 rg BT 233.17 73.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 256.94 73.90 Td (quarters ) Tj ET Q q 0 0 0 rg BT 291.25 73.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 320.58 73.90 Td (May ) Tj ET Q q 0 0 0 rg BT 341.02 73.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 355.63 73.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 379.77 73.90 Td (August ) Tj ET Q q 0 0 0 rg BT 410.77 73.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 425.38 73.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 447.49 73.90 Td (and ) Tj ET Q q 0 0 0 rg BT 464.04 73.90 Td (November ) Tj ET Q q 0 0 0 rg BT 508.36 73.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 522.97 73.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 547.58 73.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.90 Td (1.50 ) Tj ET Q q 0 0 0 rg BT 70.20 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 80.67 61.90 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 100.86 61.90 Td (thereafter) Tj ET Q q 0 0 0 rg BT 138.76 61.90 Td (, ) Tj ET Q q 0 0 0 rg BT 143.96 61.90 Td (a ) Tj ET Q q 0 0 0 rg BT 151.09 61.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 194.34 61.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 230.90 61.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 251.92 61.90 Td (of ) Tj ET Q q 0 0 0 rg BT 262.94 61.90 Td (0.55 ) Tj ET Q q 0 0 0 rg BT 283.14 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 293.61 61.90 Td (1.00, ) Tj ET Q q 0 0 0 rg BT 316.31 61.90 Td (and ) Tj ET Q q 0 0 0 rg BT 333.44 61.90 Td (a ) Tj ET Q q 0 0 0 rg BT 340.58 61.90 Td (minimum ) Tj ET Q q 0 0 0 rg BT 382.16 61.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 404.30 61.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 443.08 61.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 464.10 61.90 Td (of ) Tj ET Q q 0 0 0 rg BT 475.12 61.90 Td (0.90 ) Tj ET Q q 0 0 0 rg BT 495.32 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 505.79 61.90 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 525.99 61.90 Td (for ) Tj ET Q q 0 0 0 rg BT 540.34 61.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.90 Td (quarters ) Tj ET Q q 0 0 0 rg BT 84.71 49.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 114.42 49.90 Td (May ) Tj ET Q q 0 0 0 rg BT 135.25 49.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 150.25 49.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 174.70 49.90 Td (August ) Tj ET Q q 0 0 0 rg BT 206.09 49.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 221.09 49.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 243.59 49.90 Td (and ) Tj ET Q q 0 0 0 rg BT 260.53 49.90 Td (November ) Tj ET Q q 0 0 0 rg BT 305.24 49.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 320.24 49.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 342.74 49.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.68 49.90 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 379.68 49.90 Td (to ) Tj ET Q q 0 0 0 rg BT 389.96 49.90 Td (1.00 ) Tj ET Q q 0 0 0 rg BT 409.96 49.90 Td (thereafter) Tj ET Q q 0 0 0 rg BT 447.71 49.90 Td (.) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (42) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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q 0 0 0 rg BT 438.33 568.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 466.21 568.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 511.29 568.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 538.68 568.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (can ) Tj ET Q q 0 0 0 rg BT 65.51 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 76.58 556.10 Td (no ) Tj ET Q q 0 0 0 rg BT 88.22 556.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 132.61 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.24 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 165.31 556.10 Td (such ) Tj ET Q q 0 0 0 rg BT 185.27 556.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 229.10 556.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 255.46 556.10 Td (if ) Tj ET Q q 0 0 0 rg BT 263.20 556.10 Td (sought, ) Tj ET Q q 0 0 0 rg BT 294.00 556.10 Td (could ) Tj ET Q q 0 0 0 rg BT 317.85 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.92 556.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 364.99 556.10 Td (or) Tj ET Q q 0 0 0 rg BT 372.92 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 377.05 556.10 Td (if ) Tj ET Q q 0 0 0 rg BT 384.79 556.10 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 423.36 556.10 Td (would ) Tj ET Q q 0 0 0 rg BT 450.00 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 461.07 556.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 498.23 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 508.20 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.83 556.10 Td (acceptable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.59 523.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 98.12 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 108.71 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.79 523.10 Td (August ) Tj ET Q q 0 0 0 rg BT 149.94 523.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 164.70 523.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 186.96 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.65 523.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 228.41 523.10 Td (we ) Tj ET Q q 0 0 0 rg BT 242.33 523.10 Td (had ) Tj ET Q q 0 0 0 rg BT 259.02 523.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 271.28 523.10 Td (million ) Tj ET Q q 0 0 0 rg BT 302.43 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.02 523.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 360.26 523.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 401.39 523.10 Td (development ) Tj ET Q q 0 0 0 rg BT 455.29 523.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 489.20 523.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 515.34 523.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.26 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.96 511.10 Td (State ) Tj ET Q q 0 0 0 rg BT 107.44 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.25 511.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 150.72 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.64 511.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 210.11 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.37 511.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 250.61 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.87 511.10 Td (January ) Tj ET Q q 0 0 0 rg BT 294.45 511.10 Td (2021. ) Tj ET Q q 0 0 0 rg BT 319.44 511.10 Td (In ) Tj ET Q q 0 0 0 rg BT 329.70 511.10 Td (August ) Tj ET Q q 0 0 0 rg BT 361.07 511.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 386.06 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.75 511.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.12 511.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 482.36 511.10 Td (its ) Tj ET Q q 0 0 0 rg BT 494.29 511.10 Td (option ) Tj ET Q q 0 0 0 rg BT 522.33 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.59 511.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.36 499.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 92.40 499.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 114.98 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.90 499.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 159.13 499.10 Td (. ) Tj ET Q q 0 0 0 rg BT 164.55 499.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.24 499.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.27 499.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 253.40 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.76 499.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 295.79 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.71 499.10 Td (full ) Tj ET Q q 0 0 0 rg BT 323.75 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.67 499.10 Td (September ) Tj ET Q q 0 0 0 rg BT 380.57 499.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 405.99 499.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.68 499.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 468.38 499.10 Td (is ) Tj ET Q q 0 0 0 rg BT 478.19 499.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 514.65 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.12 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.70 499.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.61 487.10 Td (within ) Tj ET Q q 0 0 0 rg BT 111.67 487.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 155.82 487.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 203.87 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.70 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.98 487.10 Td (August ) Tj ET Q q 0 0 0 rg BT 256.37 487.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 271.37 487.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 293.87 487.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.37 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.09 487.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 376.36 487.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 411.06 487.10 Td (Sheet.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 82.50 466.10 Td (Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 81.63 445.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 135.46 445.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.42 445.10 Td ($35 ) Tj ET Q q 0 0 0 rg BT 183.16 445.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.06 445.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.30 445.10 Td ($32 ) Tj ET Q q 0 0 0 rg BT 235.04 445.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.94 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.68 445.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.86 445.10 Td ($39 ) Tj ET Q q 0 0 0 rg BT 301.61 445.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.24 445.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.65 445.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.05 445.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 397.29 445.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 420.03 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.22 445.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.22 445.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.46 445.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 510.12 445.10 Td (. ) Tj ET Q q 0 0 0 rg BT 515.37 445.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 542.00 445.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.05 433.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 91.65 433.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 121.91 433.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 176.61 433.10 Td (were ) Tj ET Q q 0 0 0 rg BT 199.65 433.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 240.47 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.85 433.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 287.67 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.61 433.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 350.42 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.47 433.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 425.94 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.99 433.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.25 433.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 502.85 433.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 554.23 433.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 112.14 421.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 162.61 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.43 421.10 Td (safety-related ) Tj ET Q q 0 0 0 rg BT 240.22 421.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 278.76 421.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 298.69 421.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 329.72 421.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 385.20 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.36 421.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 423.39 421.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 447.77 421.10 Td (included ) Tj ET Q q 0 0 0 rg BT 486.59 421.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 535.96 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 421.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.38 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.66 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.38 409.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 173.31 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.14 409.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.08 409.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 236.90 409.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 282.17 409.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 312.99 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.27 409.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 351.88 409.10 Td (Rico.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 388.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.22 388.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 103.46 388.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 122.82 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.75 388.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 158.78 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.70 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.06 388.10 Td (range ) Tj ET Q q 0 0 0 rg BT 207.41 388.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.89 388.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 235.03 388.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.93 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.07 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.99 388.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 304.79 388.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 358.03 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.17 388.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 422.85 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.43 388.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 499.33 388.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 547.57 388.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (safety-related ) Tj ET Q q 0 0 0 rg BT 106.85 376.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 140.95 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.16 376.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.26 376.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.26 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.20 376.10 Td (an ) Tj ET Q q 0 0 0 rg BT 212.08 376.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 247.27 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 269.15 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.81 376.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 337.34 376.10 Td (made ) Tj ET Q q 0 0 0 rg BT 361.44 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.66 376.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 395.75 376.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 418.19 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.07 376.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 457.51 376.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 497.17 376.10 Td (due ) Tj ET Q q 0 0 0 rg BT 514.04 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.26 376.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 110.26 364.10 Td (project ) Tj ET Q q 0 0 0 rg BT 140.52 364.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 179.13 364.10 Td (using ) Tj ET Q q 0 0 0 rg BT 203.30 364.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 223.57 364.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 264.93 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 286.87 364.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.03 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.96 364.10 Td (available ) Tj ET Q q 0 0 0 rg BT 386.55 364.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 407.94 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.77 364.10 Td (credit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Environmental Compliance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.62 322.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 122.23 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.08 322.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 173.34 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.85 322.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 231.68 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.08 322.10 Td (business ) Tj ET Q q 0 0 0 rg BT 285.03 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.88 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 308.38 322.10 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 376.99 322.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 425.60 322.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 458.65 322.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 493.93 322.10 Td (us ) Tj ET Q q 0 0 0 rg BT 505.88 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.73 322.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.23 322.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 77.57 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.02 310.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 127.13 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 145.81 310.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 182.81 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.82 310.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 261.26 310.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 299.91 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.37 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.27 310.10 Td (communities ) Tj ET Q q 0 0 0 rg BT 382.60 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.06 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 422.18 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.52 310.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 472.31 310.10 Td (As ) Tj ET Q q 0 0 0 rg BT 487.10 310.10 Td (part ) Tj ET Q q 0 0 0 rg BT 506.33 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.34 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.35 310.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 106.92 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.91 298.10 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.56 298.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 176.89 298.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.78 298.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.60 298.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 229.93 298.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.82 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.15 298.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.91 298.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 293.24 298.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.13 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.46 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.45 298.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 401.53 298.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 436.51 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.62 298.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.60 298.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 498.43 298.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 521.75 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.52 298.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 298.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.17 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.81 286.10 Td (e ) Tj ET Q q 0 0 0 rg BT 117.42 286.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 136.80 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.75 286.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 172.80 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.75 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.13 286.10 Td (range ) Tj ET Q q 0 0 0 rg BT 221.51 286.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.01 286.10 Td ($19 ) Tj ET Q q 0 0 0 rg BT 249.17 286.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.07 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.23 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.18 286.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.00 286.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 372.26 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.09 286.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 446.02 286.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 479.84 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.78 286.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.61 286.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.61 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 538.12 286.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 85.08 274.10 Td (include ) Tj ET Q q 0 0 0 rg BT 117.94 274.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 169.14 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.34 274.10 Td (storm ) Tj ET Q q 0 0 0 rg BT 206.55 274.10 Td (water ) Tj ET Q q 0 0 0 rg BT 232.18 274.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 267.27 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.14 274.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 330.77 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.98 274.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 371.50 274.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 407.71 274.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 457.22 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 478.42 274.10 Td (air ) Tj ET Q q 0 0 0 rg BT 492.40 274.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 523.59 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 274.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 110.26 262.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 241.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.22 241.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.24 241.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.26 241.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 151.73 241.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.87 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.23 241.10 Td (United ) Tj ET Q q 0 0 0 rg BT 210.60 241.10 Td (States ) Tj ET Q q 0 0 0 rg BT 237.63 241.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 300.20 241.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 343.75 241.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 378.00 241.10 Td (\(EP) Tj ET Q q 0 0 0 rg BT 396.52 241.10 Td (A\) ) Tj ET Q q 0 0 0 rg BT 414.65 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.13 241.10 Td (one ) Tj ET Q q 0 0 0 rg BT 443.71 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.19 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.55 241.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.46 241.10 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.46 229.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.26 229.10 Td (own ) Tj ET Q q 0 0 0 rg BT 117.28 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.41 229.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 160.64 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.77 229.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 209.56 229.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 239.02 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.16 229.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 287.38 229.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 307.96 229.10 Td (which ) Tj ET Q q 0 0 0 rg BT 335.21 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.21 229.10 Td (part ) Tj ET Q q 0 0 0 rg BT 368.56 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.70 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.83 229.10 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 426.94 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.52 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.54 229.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 489.23 229.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 520.36 229.10 Td (Superfund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (site ) Tj ET Q q 0 0 0 rg BT 66.38 217.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 88.86 217.10 Td (Site\). ) Tj ET Q q 0 0 0 rg BT 117.18 217.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.11 217.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 156.04 217.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.04 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.54 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.03 217.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 230.20 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.13 217.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 306.84 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.11 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.82 217.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 357.64 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.92 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.63 217.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 437.89 217.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.60 217.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 523.98 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.25 217.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 552.85 217.10 Td (II, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 78.68 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.86 205.10 Td (this ) Tj ET Q q 0 0 0 rg BT 107.16 205.10 Td (report ) Tj ET Q q 0 0 0 rg BT 133.89 205.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.41 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.70 205.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 200.22 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.40 205.10 Td (this ) Tj ET Q q 0 0 0 rg BT 228.70 205.10 Td (matter) Tj ET Q q 0 0 0 rg BT 253.69 205.10 Td (. ) Tj ET Q q 0 0 0 rg BT 258.84 205.10 Td (W) Tj ET Q q 0 0 0 rg BT 267.48 205.10 Td (e ) Tj ET Q q 0 0 0 rg BT 274.77 205.10 Td (have ) Tj ET Q q 0 0 0 rg BT 296.50 205.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 337.67 205.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 371.63 205.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.47 205.10 Td (we ) Tj ET Q q 0 0 0 rg BT 403.99 205.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 435.71 205.10 Td (will ) Tj ET Q q 0 0 0 rg BT 454.12 205.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 487.52 205.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 550.35 205.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.37 193.10 Td (we ) Tj ET Q q 0 0 0 rg BT 86.41 193.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 109.33 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.36 193.10 Td (defense, ) Tj ET Q q 0 0 0 rg BT 158.77 193.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 208.90 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.71 193.10 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 269.19 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.23 193.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 313.36 193.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 349.60 193.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 386.96 193.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 415.44 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.59 193.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 471.84 193.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.99 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.58 193.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 527.01 193.10 Td (although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (there ) Tj ET Q q 0 0 0 rg BT 72.50 181.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.21 181.10 Td (no ) Tj ET Q q 0 0 0 rg BT 99.72 181.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 144.99 181.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.50 181.10 Td (those ) Tj ET Q q 0 0 0 rg BT 186.11 181.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 219.73 181.10 Td (will ) Tj ET Q q 0 0 0 rg BT 237.79 181.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 262.51 181.10 Td (all ) Tj ET Q q 0 0 0 rg BT 275.01 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.85 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.58 181.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 323.09 181.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.04 181.10 Td (we ) Tj ET Q q 0 0 0 rg BT 364.21 181.10 Td (may ) Tj ET Q q 0 0 0 rg BT 383.94 181.10 Td (incur) Tj ET Q q 0 0 0 rg BT 403.93 181.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.94 181.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 455.33 181.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 475.61 181.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 513.12 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.41 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.13 181.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (related ) Tj ET Q q 0 0 0 rg BT 80.37 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.32 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.71 169.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 125.44 169.10 Td (could ) Tj ET Q q 0 0 0 rg BT 150.82 169.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 180.64 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.03 169.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 233.08 169.10 Td (available ) Tj ET Q q 0 0 0 rg BT 272.34 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.17 169.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 332.00 169.10 Td (that ) Tj ET Q q 0 0 0 rg BT 350.17 169.10 Td (could ) Tj ET Q q 0 0 0 rg BT 375.56 169.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 417.60 169.10 Td (be ) Tj ET Q q 0 0 0 rg BT 430.21 169.10 Td (used ) Tj ET Q q 0 0 0 rg BT 451.71 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.54 169.10 Td (working ) Tj ET Q q 0 0 0 rg BT 503.04 169.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 535.36 169.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 104.91 157.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 145.11 157.10 Td (share ) Tj ET Q q 0 0 0 rg BT 167.53 157.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 218.54 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.29 157.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 283.38 157.10 Td (could ) Tj ET Q q 0 0 0 rg BT 306.92 157.10 Td (result ) Tj ET Q q 0 0 0 rg BT 330.45 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.54 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.19 157.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 381.60 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.69 157.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 427.00 157.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 474.40 157.10 Td (with ) Tj ET Q q 0 0 0 rg BT 493.50 157.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 522.02 157.10 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 145.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 95.83 145.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 146.36 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.30 145.10 Td (could ) Tj ET Q q 0 0 0 rg BT 188.01 145.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 228.83 145.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 258.54 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.37 145.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 307.61 145.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Share Repurchase Program) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.12 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.02 103.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.47 103.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 150.68 103.10 Td (share ) Tj ET Q q 0 0 0 rg BT 173.90 103.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 219.33 103.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 257.83 103.10 Td (we ) Tj ET Q q 0 0 0 rg BT 271.61 103.10 Td (have ) Tj ET Q q 0 0 0 rg BT 292.61 103.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 326.39 103.10 Td (authorization ) Tj ET Q q 0 0 0 rg BT 381.27 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.17 103.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 436.60 103.10 Td (up ) Tj ET Q q 0 0 0 rg BT 448.72 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.62 103.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 103.10 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 533.12 103.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.59 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.51 91.10 Td (our ) Tj ET Q q 0 0 0 rg BT 101.44 91.10 Td (Class) Tj ET Q q 0 0 0 rg BT 125.06 91.10 Td (A) Tj ET Q q 0 0 0 rg BT 131.73 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.32 91.10 Td (common ) Tj ET Q q 0 0 0 rg BT 169.91 91.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.62 91.10 Td (when ) Tj ET Q q 0 0 0 rg BT 215.87 91.10 Td (we ) Tj ET Q q 0 0 0 rg BT 229.13 91.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 252.38 91.10 Td (such ) Tj ET Q q 0 0 0 rg BT 272.30 91.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 321.10 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.47 91.10 Td (be ) Tj ET Q q 0 0 0 rg BT 341.51 91.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 391.02 91.10 Td (W) Tj ET Q q 0 0 0 rg BT 399.66 91.10 Td (e ) Tj ET Q q 0 0 0 rg BT 405.69 91.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 440.60 91.10 Td (long- ) Tj ET Q q 0 0 0 rg BT 463.30 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.33 91.10 Td (short-range ) Tj ET Q q 0 0 0 rg BT 526.47 91.10 Td (forecasts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.53 79.10 Td (well ) Tj ET Q q 0 0 0 rg BT 79.96 79.10 Td (as ) Tj ET Q q 0 0 0 rg BT 90.49 79.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 136.56 79.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 168.76 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.40 79.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 204.83 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.36 79.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 235.33 79.10 Td (before ) Tj ET Q q 0 0 0 rg BT 263.08 79.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 313.60 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.02 79.10 Td (course ) Tj ET Q q 0 0 0 rg BT 356.33 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.86 79.10 Td (action ) Tj ET Q q 0 0 0 rg BT 393.50 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.48 79.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.02 79.10 Td (share ) Tj ET Q q 0 0 0 rg BT 442.32 79.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 487.83 79.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 525.92 79.10 Td (As ) Tj ET Q q 0 0 0 rg BT 539.24 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 79.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.30 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.94 67.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 126.91 67.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 151.72 67.10 Td (we ) Tj ET Q q 0 0 0 rg BT 165.69 67.10 Td (had ) Tj ET Q q 0 0 0 rg BT 182.44 67.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 233.05 67.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.12 67.10 Td (6.9 ) Tj ET Q q 0 0 0 rg BT 307.93 67.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.82 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.13 67.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.43 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.07 67.10 Td (our ) Tj ET Q q 0 0 0 rg BT 392.71 67.10 Td (Class) Tj ET Q q 0 0 0 rg BT 416.33 67.10 Td (A) Tj ET Q q 0 0 0 rg BT 423.00 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.31 67.10 Td (common ) Tj ET Q q 0 0 0 rg BT 462.61 67.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 486.03 67.10 Td (under ) Tj ET Q q 0 0 0 rg BT 511.11 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.63 67.10 Td (program. ) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (43) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.86 742.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 116.95 742.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.49 742.10 Td (68 ) Tj ET Q q 0 0 0 rg BT 190.28 742.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.39 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.17 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 256.95 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 271.39 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.62 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 299.17 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.29 742.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 323.07 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.96 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.75 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.97 742.10 Td (203 ) Tj ET Q q 0 0 0 rg BT 389.76 742.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.87 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.65 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 456.42 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.87 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.09 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 498.65 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.77 742.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 522.55 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.44 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 103.03 730.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 153.30 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.57 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 187.73 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 210.23 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.17 730.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 252.17 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 299.83 730.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Assessment of Liquidity and Capital Resources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 688.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.69 688.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.65 688.10 Td (available ) Tj ET Q q 0 0 0 rg BT 159.37 688.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.76 688.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 224.65 688.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 266.60 688.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 309.09 688.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 337.44 688.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 363.83 688.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 401.88 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.95 688.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 448.57 688.10 Td (of) Tj ET Q q 0 0 0 rg BT 456.72 688.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 488.12 688.10 Td (have ) Tj ET Q q 0 0 0 rg BT 510.63 688.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 548.68 688.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 102.77 676.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.92 676.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 188.02 676.10 Td (working ) Tj ET Q q 0 0 0 rg BT 223.85 676.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 253.00 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.94 676.10 Td (other ) Tj ET Q q 0 0 0 rg BT 292.98 676.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 333.25 676.10 Td (needs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 655.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.36 655.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 106.84 655.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 139.00 655.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.61 655.10 Td (current ) Tj ET Q q 0 0 0 rg BT 187.21 655.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.26 655.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 251.80 655.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 293.41 655.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 335.55 655.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 363.55 655.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 398.50 655.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 424.55 655.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 462.26 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.98 655.10 Td (access ) Tj ET Q q 0 0 0 rg BT 508.80 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.86 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 655.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 83.08 643.10 Td (will ) Tj ET Q q 0 0 0 rg BT 100.06 643.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 132.03 643.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 168.98 643.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 212.06 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.92 643.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 268.78 643.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 304.10 643.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 328.29 643.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.37 643.10 Td (working ) Tj ET Q q 0 0 0 rg BT 376.13 643.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 406.70 643.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 434.77 643.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 489.79 643.10 Td (share ) Tj ET Q q 0 0 0 rg BT 512.31 643.10 Td (repurchases, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 95.09 631.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 117.13 631.10 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 157.22 631.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 178.14 631.10 Td (service ) Tj ET Q q 0 0 0 rg BT 210.16 631.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 268.57 631.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 330.03 631.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 378.18 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.33 631.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 450.31 631.10 Td (However) Tj ET Q q 0 0 0 rg BT 486.56 631.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.76 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.25 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.17 631.10 Td (event ) Tj ET Q q 0 0 0 rg BT 545.53 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 631.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 90.07 619.10 Td (market ) Tj ET Q q 0 0 0 rg BT 120.68 619.10 Td (deterioration, ) Tj ET Q q 0 0 0 rg BT 177.12 619.10 Td (we ) Tj ET Q q 0 0 0 rg BT 191.63 619.10 Td (may ) Tj ET Q q 0 0 0 rg BT 211.70 619.10 Td (need ) Tj ET Q q 0 0 0 rg BT 233.43 619.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 276.27 619.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 309.51 619.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.86 619.10 Td (which ) Tj ET Q q 0 0 0 rg BT 342.15 619.10 Td (would ) Tj ET Q q 0 0 0 rg BT 370.00 619.10 Td (require ) Tj ET Q q 0 0 0 rg BT 401.17 619.10 Td (us ) Tj ET Q q 0 0 0 rg BT 412.91 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.54 619.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 459.70 619.10 Td (available ) Tj ET Q q 0 0 0 rg BT 498.64 619.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 547.58 619.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (take ) Tj ET Q q 0 0 0 rg BT 69.92 607.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 118.71 607.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 141.97 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.01 607.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 181.26 607.10 Td (suf) Tj ET Q q 0 0 0 rg BT 193.31 607.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 222.11 607.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 265.36 607.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 293.11 607.10 Td (There ) Tj ET Q q 0 0 0 rg BT 319.68 607.10 Td (can ) Tj ET Q q 0 0 0 rg BT 336.82 607.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.52 607.10 Td (no ) Tj ET Q q 0 0 0 rg BT 362.78 607.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 404.91 607.10 Td (that ) Tj ET Q q 0 0 0 rg BT 423.16 607.10 Td (any ) Tj ET Q q 0 0 0 rg BT 440.86 607.10 Td (such ) Tj ET Q q 0 0 0 rg BT 462.45 607.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 519.03 607.10 Td (funding, ) Tj ET Q q 0 0 0 rg BT 555.90 607.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (sought, ) Tj ET Q q 0 0 0 rg BT 81.67 595.10 Td (could ) Tj ET Q q 0 0 0 rg BT 106.39 595.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.33 595.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 155.26 595.10 Td (or) Tj ET Q q 0 0 0 rg BT 163.19 595.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.19 595.10 Td (if ) Tj ET Q q 0 0 0 rg BT 176.80 595.10 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 216.23 595.10 Td (would ) Tj ET Q q 0 0 0 rg BT 243.73 595.10 Td (be ) Tj ET Q q 0 0 0 rg BT 255.67 595.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 293.70 595.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.53 595.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.03 595.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 361.72 595.10 Td (terms.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 571.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 104.16 526.10 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 156.12 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.74 526.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 505.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.60 505.10 Td (have ) Tj ET Q q 0 0 0 rg BT 87.00 505.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 116.72 505.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 163.66 505.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 210.63 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.93 505.10 Td (make ) Tj ET Q q 0 0 0 rg BT 245.10 505.10 Td (future ) Tj ET Q q 0 0 0 rg BT 271.50 505.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 314.67 505.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.74 505.10 Td (following ) Tj ET Q q 0 0 0 rg BT 374.15 505.10 Td (table ) Tj ET Q q 0 0 0 rg BT 396.10 505.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 446.39 505.10 Td (these ) Tj ET Q q 0 0 0 rg BT 469.46 505.10 Td (future ) Tj ET Q q 0 0 0 rg BT 495.86 505.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 542.82 505.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 505.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 96.39 493.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.89 493.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 132.50 493.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 454.60 162.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 454.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 454.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 454.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 454.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 454.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 454.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 454.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.60 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 425.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 425.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 425.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 425.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 425.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 425.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 425.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 395.60 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 395.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 395.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 395.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 395.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 395.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 395.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 395.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 365.60 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 365.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 365.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 365.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 365.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 365.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 365.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 365.60 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 212.5 468.6 m 256.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 468.6 m 260.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 468.6 m 304.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 468.6 m 308.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 468.6 m 352.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 468.6 m 356.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 468.6 m 400.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 468.6 m 404.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 468.6 m 448.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 468.6 m 452.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 468.6 m 506.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 468.6 m 510.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 468.6 m 554.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 468.6 m 256.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 454.6 m 256.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 454.6 m 304.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 454.6 m 352.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 454.6 m 400.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 454.6 m 448.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 454.6 m 506.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 454.6 m 554.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 454.6 m 256.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 454.6 m 304.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 454.6 m 352.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 454.6 m 400.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 454.6 m 448.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 454.6 m 506.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 454.6 m 554.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 350.6 m 256.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 350.6 m 304.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 350.6 m 352.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 350.6 m 400.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 350.6 m 448.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 350.6 m 506.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 350.6 m 554.5 350.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 335.6 m 256.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 335.6 m 304.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 335.6 m 352.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 335.6 m 400.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 335.6 m 448.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 335.6 m 506.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 335.6 m 554.5 335.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.30 473.28 Td (Payment Due by Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 459.28 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 459.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.00 459.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 459.28 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 459.28 Td (2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.10 459.28 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.05 459.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 445.33 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.17 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.48 435.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.15 430.27 Td (7,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 430.27 Td (142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 430.27 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 430.27 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 430.27 Td (180,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 430.27 Td (352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 430.27 Td (188,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 416.17 Td (Interest payments on long-term debt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 197.96 420.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.15 415.27 Td (5,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 415.27 Td (5,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 415.27 Td (5,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 415.27 Td (5,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 415.27 Td (3,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 415.27 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.10 415.27 Td (25,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.17 Td (Capital leases, including interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.15 400.27 Td (1,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 400.27 Td (951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 400.27 Td (845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 400.27 Td (845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 400.27 Td (708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 400.27 Td (2,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 400.27 Td (6,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.17 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 385.27 Td (21,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 385.27 Td (17,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 385.27 Td (14,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 385.27 Td (10,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 385.27 Td (6,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 385.27 Td (22,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.10 385.27 Td (92,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.17 Td (Purchase obligations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.04 375.70 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 370.27 Td (53,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 370.27 Td (11,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 370.27 Td (11,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 370.27 Td (11,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 370.27 Td (1,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 370.27 Td (7,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.10 370.27 Td (97,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 75.77 360.70 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.65 355.27 Td (445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 355.27 Td (388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 355.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 355.27 Td (308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 355.27 Td (305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 355.27 Td (2,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.15 355.27 Td (4,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 340.27 Td (89,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 340.27 Td (36,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 340.27 Td (33,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 340.27 Td (28,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 340.27 Td (192,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 340.27 Td (35,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 340.27 Td (415,083) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 326.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 316.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 316.90 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 104.21 316.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 119.98 316.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 154.41 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 166.19 316.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 196.62 316.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 225.73 316.90 Td (of ) Tj ET Q q 0 0 0 rg BT 234.39 316.90 Td (all ) Tj ET Q q 0 0 0 rg BT 244.39 316.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 283.72 316.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 317.27 316.90 Td (debt, ) Tj ET Q q 0 0 0 rg BT 335.04 316.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 369.04 316.90 Td (of ) Tj ET Q q 0 0 0 rg BT 377.70 316.90 Td (which ) Tj ET Q q 0 0 0 rg BT 399.25 316.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 422.57 316.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.80 316.90 Td (2027.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 307.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 307.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 93.39 307.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 125.46 307.30 Td (on ) Tj ET Q q 0 0 0 rg BT 134.86 307.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 167.82 307.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 183.00 307.30 Td (are ) Tj ET Q q 0 0 0 rg BT 194.17 307.30 Td (based ) Tj ET Q q 0 0 0 rg BT 213.79 307.30 Td (on ) Tj ET Q q 0 0 0 rg BT 223.19 307.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.14 307.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 264.65 307.30 Td (in ) Tj ET Q q 0 0 0 rg BT 272.28 307.30 Td (ef) Tj ET Q q 0 0 0 rg BT 278.35 307.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 291.74 307.30 Td (as ) Tj ET Q q 0 0 0 rg BT 299.81 307.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.57 307.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 344.09 307.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.09 307.30 Td (. ) Tj ET Q q 0 0 0 rg BT 363.18 307.30 Td (As ) Tj ET Q q 0 0 0 rg BT 373.48 307.30 Td (contractual ) Tj ET Q q 0 0 0 rg BT 410.42 307.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 435.37 307.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 451.88 307.30 Td (and ) Tj ET Q q 0 0 0 rg BT 464.84 307.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.01 307.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 501.42 307.30 Td (of ) Tj ET Q q 0 0 0 rg BT 509.49 307.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.66 307.30 Td (outstanding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 297.70 Td (is ) Tj ET Q q 0 0 0 rg BT 75.34 297.70 Td (variable ) Tj ET Q q 0 0 0 rg BT 103.10 297.70 Td (in ) Tj ET Q q 0 0 0 rg BT 111.32 297.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 135.08 297.70 Td (cases, ) Tj ET Q q 0 0 0 rg BT 155.96 297.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 177.06 297.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.27 297.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 225.93 297.70 Td (may ) Tj ET Q q 0 0 0 rg BT 241.71 297.70 Td (dif) Tj ET Q q 0 0 0 rg BT 250.45 297.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 261.33 297.70 Td (from ) Tj ET Q q 0 0 0 rg BT 278.88 297.70 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 297.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 322.42 297.70 Td (provided.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 288.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 99.10 288.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 136.87 288.10 Td (include ) Tj ET Q q 0 0 0 rg BT 162.64 288.10 Td (all ) Tj ET Q q 0 0 0 rg BT 172.85 288.10 Td (enforceable, ) Tj ET Q q 0 0 0 rg BT 214.38 288.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 238.36 288.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 265.03 288.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 303.67 288.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.11 288.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 342.76 288.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 364.09 288.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.98 288.10 Td (services ) Tj ET Q q 0 0 0 rg BT 400.96 288.10 Td (that ) Tj ET Q q 0 0 0 rg BT 415.18 288.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 440.50 288.10 Td (all ) Tj ET Q q 0 0 0 rg BT 450.71 288.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.70 288.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 508.69 288.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 543.34 288.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 288.10 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 278.50 Td (duration ) Tj ET Q q 0 0 0 rg BT 96.66 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 105.32 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.10 278.50 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 154.41 278.50 Td (including ) Tj ET Q q 0 0 0 rg BT 186.63 278.50 Td (purchases ) Tj ET Q q 0 0 0 rg BT 220.17 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.84 278.50 Td (inventory ) Tj ET Q q 0 0 0 rg BT 261.50 278.50 Td (items ) Tj ET Q q 0 0 0 rg BT 280.83 278.50 Td (to ) Tj ET Q q 0 0 0 rg BT 289.05 278.50 Td (be ) Tj ET Q q 0 0 0 rg BT 298.60 278.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 313.94 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 322.16 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 333.93 278.50 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 363.04 278.50 Td (course ) Tj ET Q q 0 0 0 rg BT 385.91 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 394.58 278.50 Td (business.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 268.90 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 268.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 88.21 268.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 125.75 268.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 163.30 268.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 187.53 268.90 Td (of ) Tj ET Q q 0 0 0 rg BT 196.19 268.90 Td (pension ) Tj ET Q q 0 0 0 rg BT 223.08 268.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 249.96 268.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 287.52 268.90 Td (and ) Tj ET Q q 0 0 0 rg BT 301.07 268.90 Td (other ) Tj ET Q q 0 0 0 rg BT 319.51 268.90 Td (accrued ) Tj ET Q q 0 0 0 rg BT 346.38 268.90 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 250.90 Td (e ) Tj ET Q q 0 0 0 rg BT 64.75 250.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 101.41 250.90 Td (stand-by ) Tj ET Q q 0 0 0 rg BT 137.52 250.90 Td (letters ) Tj ET Q q 0 0 0 rg BT 163.63 250.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.63 250.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 198.07 250.90 Td (to ) Tj ET Q q 0 0 0 rg BT 207.52 250.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 239.74 250.90 Td (support ) Tj ET Q q 0 0 0 rg BT 271.41 250.90 Td (for ) Tj ET Q q 0 0 0 rg BT 284.74 250.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.62 250.90 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 362.23 250.90 Td (including ) Tj ET Q q 0 0 0 rg BT 401.68 250.90 Td (workers) Tj ET Q q 0 0 0 rg BT 436.48 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 438.15 250.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.36 250.90 Td (and ) Tj ET Q q 0 0 0 rg BT 511.47 250.90 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.90 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 78.34 238.90 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.29 238.90 Td (August31, ) Tj ET Q q 0 0 0 rg BT 136.68 238.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.68 238.90 Td (, ) Tj ET Q q 0 0 0 rg BT 161.68 238.90 Td (we ) Tj ET Q q 0 0 0 rg BT 175.84 238.90 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 238.90 Td ($16 ) Tj ET Q q 0 0 0 rg BT 210.28 238.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.17 238.90 Td ( ) Tj ET Q q 0 0 0 rg BT 241.67 238.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 290.83 238.90 Td (under ) Tj ET Q q 0 0 0 rg BT 316.10 238.90 Td (these ) Tj ET Q q 0 0 0 rg BT 339.15 238.90 Td (arrangements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.90 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 214.90 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.90 Td (The ) Tj ET Q q 0 0 0 rg BT 67.07 193.90 Td (preparation ) Tj ET Q q 0 0 0 rg BT 114.13 193.90 Td (of ) Tj ET Q q 0 0 0 rg BT 123.98 193.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.48 193.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 204.22 193.90 Td (in ) Tj ET Q q 0 0 0 rg BT 213.52 193.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 260.00 193.90 Td (with ) Tj ET Q q 0 0 0 rg BT 279.31 193.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 324.70 193.90 Td (principles ) Tj ET Q q 0 0 0 rg BT 365.66 193.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 404.38 193.90 Td (accepted ) Tj ET Q q 0 0 0 rg BT 440.88 193.90 Td (in ) Tj ET Q q 0 0 0 rg BT 450.18 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 463.92 193.90 Td (United ) Tj ET Q q 0 0 0 rg BT 492.66 193.90 Td (States ) Tj ET Q q 0 0 0 rg BT 518.07 193.90 Td (of ) Tj ET Q q 0 0 0 rg BT 527.59 193.90 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.90 Td (requires ) Tj ET Q q 0 0 0 rg BT 85.44 181.90 Td (us ) Tj ET Q q 0 0 0 rg BT 97.57 181.90 Td (to ) Tj ET Q q 0 0 0 rg BT 108.59 181.90 Td (make ) Tj ET Q q 0 0 0 rg BT 133.48 181.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 163.92 181.90 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 211.32 181.90 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 254.27 181.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.94 181.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 324.63 181.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 366.18 181.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 420.50 181.90 Td (that ) Tj ET Q q 0 0 0 rg BT 438.73 181.90 Td (af) Tj ET Q q 0 0 0 rg BT 446.32 181.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 464.54 181.90 Td (the ) Tj ET Q q 0 0 0 rg BT 480.00 181.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 516.55 181.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.67 181.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.90 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.55 169.90 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 118.98 169.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 156.24 169.90 Td (and ) Tj ET Q q 0 0 0 rg BT 172.39 169.90 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 212.71 169.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.87 169.90 Td (related ) Tj ET Q q 0 0 0 rg BT 257.79 169.90 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 300.05 169.90 Td (of ) Tj ET Q q 0 0 0 rg BT 310.10 169.90 Td (contingent ) Tj ET Q q 0 0 0 rg BT 354.03 169.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 379.08 169.90 Td (and ) Tj ET Q q 0 0 0 rg BT 395.23 169.90 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 436.29 169.90 Td (An ) Tj ET Q q 0 0 0 rg BT 450.23 169.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 495.82 169.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 522.53 169.90 Td (is ) Tj ET Q q 0 0 0 rg BT 530.92 169.90 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.90 Td (to ) Tj ET Q q 0 0 0 rg BT 59.68 157.90 Td (be ) Tj ET Q q 0 0 0 rg BT 71.02 157.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 100.68 157.90 Td (if ) Tj ET Q q 0 0 0 rg BT 108.69 157.90 Td (it ) Tj ET Q q 0 0 0 rg BT 116.15 157.90 Td (requires ) Tj ET Q q 0 0 0 rg BT 150.26 157.90 Td (an ) Tj ET Q q 0 0 0 rg BT 161.60 157.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 207.37 157.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 242.60 157.90 Td (to ) Tj ET Q q 0 0 0 rg BT 252.28 157.90 Td (be ) Tj ET Q q 0 0 0 rg BT 263.62 157.90 Td (made ) Tj ET Q q 0 0 0 rg BT 287.17 157.90 Td (based ) Tj ET Q q 0 0 0 rg BT 311.84 157.90 Td (on ) Tj ET Q q 0 0 0 rg BT 323.75 157.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 375.10 157.90 Td (and ) Tj ET Q q 0 0 0 rg BT 391.44 157.90 Td (judgments ) Tj ET Q q 0 0 0 rg BT 435.00 157.90 Td (about ) Tj ET Q q 0 0 0 rg BT 459.12 157.90 Td (matters ) Tj ET Q q 0 0 0 rg BT 490.46 157.90 Td (that ) Tj ET Q q 0 0 0 rg BT 507.35 157.90 Td (are ) Tj ET Q q 0 0 0 rg BT 521.46 157.90 Td (inherently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.90 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 90.04 145.90 Td (at ) Tj ET Q q 0 0 0 rg BT 100.10 145.90 Td (the ) Tj ET Q q 0 0 0 rg BT 115.15 145.90 Td (time ) Tj ET Q q 0 0 0 rg BT 135.76 145.90 Td (the ) Tj ET Q q 0 0 0 rg BT 150.82 145.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 186.98 145.90 Td (is ) Tj ET Q q 0 0 0 rg BT 196.48 145.90 Td (made, ) Tj ET Q q 0 0 0 rg BT 223.48 145.90 Td (if ) Tj ET Q q 0 0 0 rg BT 232.43 145.90 Td (dif) Tj ET Q q 0 0 0 rg BT 243.35 145.90 Td (ferent ) Tj ET Q q 0 0 0 rg BT 269.51 145.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 309.56 145.90 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 355.71 145.90 Td (could ) Tj ET Q q 0 0 0 rg BT 380.77 145.90 Td (have ) Tj ET Q q 0 0 0 rg BT 402.48 145.90 Td (been ) Tj ET Q q 0 0 0 rg BT 424.20 145.90 Td (used, ) Tj ET Q q 0 0 0 rg BT 447.87 145.90 Td (or ) Tj ET Q q 0 0 0 rg BT 459.03 145.90 Td (if ) Tj ET Q q 0 0 0 rg BT 467.98 145.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 503.03 145.90 Td (in ) Tj ET Q q 0 0 0 rg BT 513.64 145.90 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 145.90 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.90 Td (that ) Tj ET Q q 0 0 0 rg BT 68.06 133.90 Td (are ) Tj ET Q q 0 0 0 rg BT 83.33 133.90 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 129.72 133.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 155.56 133.90 Td (to ) Tj ET Q q 0 0 0 rg BT 166.40 133.90 Td (occur ) Tj ET Q q 0 0 0 rg BT 191.67 133.90 Td (could ) Tj ET Q q 0 0 0 rg BT 216.96 133.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 260.56 133.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 290.84 133.90 Td (our ) Tj ET Q q 0 0 0 rg BT 307.24 133.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 360.84 133.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.89 133.90 Td (statements. ) Tj ET Q q 0 0 0 rg BT 446.45 133.90 Td (W) Tj ET Q q 0 0 0 rg BT 455.09 133.90 Td (e ) Tj ET Q q 0 0 0 rg BT 462.59 133.90 Td (deem ) Tj ET Q q 0 0 0 rg BT 487.31 133.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.14 133.90 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 83.94 121.90 Td (to ) Tj ET Q q 0 0 0 rg BT 94.56 121.90 Td (be ) Tj ET Q q 0 0 0 rg BT 106.84 121.90 Td (those ) Tj ET Q q 0 0 0 rg BT 130.79 121.90 Td (that ) Tj ET Q q 0 0 0 rg BT 148.63 121.90 Td (are ) Tj ET Q q 0 0 0 rg BT 163.68 121.90 Td (most ) Tj ET Q q 0 0 0 rg BT 185.96 121.90 Td (important ) Tj ET Q q 0 0 0 rg BT 227.69 121.90 Td (to ) Tj ET Q q 0 0 0 rg BT 238.31 121.90 Td (the ) Tj ET Q q 0 0 0 rg BT 253.36 121.90 Td (portrayal ) Tj ET Q q 0 0 0 rg BT 292.30 121.90 Td (of ) Tj ET Q q 0 0 0 rg BT 303.47 121.90 Td (our ) Tj ET Q q 0 0 0 rg BT 319.64 121.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 357.46 121.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 398.08 121.90 Td (and ) Tj ET Q q 0 0 0 rg BT 415.36 121.90 Td (results ) Tj ET Q q 0 0 0 rg BT 444.30 121.90 Td (of ) Tj ET Q q 0 0 0 rg BT 455.48 121.90 Td (operations. ) Tj ET Q q 0 0 0 rg BT 502.47 121.90 Td (Because ) Tj ET Q q 0 0 0 rg BT 538.63 121.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 121.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.90 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 98.28 109.90 Td (inherent ) Tj ET Q q 0 0 0 rg BT 134.33 109.90 Td (in ) Tj ET Q q 0 0 0 rg BT 145.41 109.90 Td (these ) Tj ET Q q 0 0 0 rg BT 169.25 109.90 Td (matters, ) Tj ET Q q 0 0 0 rg BT 204.48 109.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 231.64 109.90 Td (results ) Tj ET Q q 0 0 0 rg BT 261.05 109.90 Td (could ) Tj ET Q q 0 0 0 rg BT 286.56 109.90 Td (dif) Tj ET Q q 0 0 0 rg BT 297.49 109.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 311.88 109.90 Td (from ) Tj ET Q q 0 0 0 rg BT 334.61 109.90 Td (the ) Tj ET Q q 0 0 0 rg BT 350.13 109.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 390.63 109.90 Td (we ) Tj ET Q q 0 0 0 rg BT 405.59 109.90 Td (use ) Tj ET Q q 0 0 0 rg BT 422.21 109.90 Td (in ) Tj ET Q q 0 0 0 rg BT 433.29 109.90 Td (applying ) Tj ET Q q 0 0 0 rg BT 471.58 109.90 Td (the ) Tj ET Q q 0 0 0 rg BT 487.09 109.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.14 109.90 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.90 Td (policies. ) Tj ET Q q 0 0 0 rg BT 86.51 97.90 Td (W) Tj ET Q q 0 0 0 rg BT 95.15 97.90 Td (e ) Tj ET Q q 0 0 0 rg BT 102.73 97.90 Td (are ) Tj ET Q q 0 0 0 rg BT 118.07 97.90 Td (not ) Tj ET Q q 0 0 0 rg BT 133.99 97.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 173.22 97.90 Td (aware ) Tj ET Q q 0 0 0 rg BT 200.22 97.90 Td (of ) Tj ET Q q 0 0 0 rg BT 211.69 97.90 Td (any ) Tj ET Q q 0 0 0 rg BT 229.27 97.90 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 275.72 97.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 301.63 97.90 Td (events ) Tj ET Q q 0 0 0 rg BT 330.31 97.90 Td (or ) Tj ET Q q 0 0 0 rg BT 341.78 97.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 401.56 97.90 Td (that ) Tj ET Q q 0 0 0 rg BT 419.69 97.90 Td (would ) Tj ET Q q 0 0 0 rg BT 447.83 97.90 Td (result ) Tj ET Q q 0 0 0 rg BT 473.18 97.90 Td (in ) Tj ET Q q 0 0 0 rg BT 484.10 97.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 527.77 97.90 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 97.90 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.39 85.90 Td (being ) Tj ET Q q 0 0 0 rg BT 111.10 85.90 Td (reported.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.41 61.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 97.03 61.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 142.76 61.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 181.83 61.90 Td (include ) Tj ET Q q 0 0 0 rg BT 213.13 61.90 Td (those ) Tj ET Q q 0 0 0 rg BT 236.09 61.90 Td (related ) Tj ET Q q 0 0 0 rg BT 265.15 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 274.79 61.90 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 314.71 61.90 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 357.67 61.90 Td (assets, ) Tj ET Q q 0 0 0 rg BT 385.36 61.90 Td (environmental ) Tj ET Q q 0 0 0 rg BT 444.98 61.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 469.34 61.90 Td (inventories, ) Tj ET Q q 0 0 0 rg BT 518.13 61.90 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.90 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 49.90 Td (business ) Tj ET Q q 0 0 0 rg BT 100.55 49.90 Td (combinations ) Tj ET Q q 0 0 0 rg BT 156.93 49.90 Td (and ) Tj ET Q q 0 0 0 rg BT 173.87 49.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 208.02 49.90 Td (recognition.) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (44) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.23 724.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 102.69 724.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 141.39 724.25 Td (for ) Tj ET Q q 0 0 0 rg BT 156.20 724.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 205.45 724.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 243.03 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.62 724.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.77 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.14 724.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 346.14 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.62 724.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 387.97 724.25 Td (triggering ) Tj ET Q q 0 0 0 rg BT 430.55 724.25 Td (events ) Tj ET Q q 0 0 0 rg BT 459.25 724.25 Td (or ) Tj ET Q q 0 0 0 rg BT 470.73 724.25 Td (substantive ) Tj ET Q q 0 0 0 rg BT 518.87 724.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 724.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.90 712.25 Td (that ) Tj ET Q q 0 0 0 rg BT 126.16 712.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 160.07 712.25 Td (that ) Tj ET Q q 0 0 0 rg BT 177.32 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.80 712.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 207.94 712.25 Td (value ) Tj ET Q q 0 0 0 rg BT 231.86 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.45 712.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 280.26 712.25 Td (may ) Tj ET Q q 0 0 0 rg BT 299.74 712.25 Td (be ) Tj ET Q q 0 0 0 rg BT 311.44 712.25 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 351.74 712.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 400.65 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.25 712.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 449.06 712.25 Td (is ) Tj ET Q q 0 0 0 rg BT 457.99 712.25 Td (tested ) Tj ET Q q 0 0 0 rg BT 483.58 712.25 Td (at ) Tj ET Q q 0 0 0 rg BT 493.06 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.53 712.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.45 712.25 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (level. ) Tj ET Q q 0 0 0 rg BT 74.33 700.25 Td (A) Tj ET Q q 0 0 0 rg BT 81.00 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.07 700.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 123.80 700.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 142.43 700.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.17 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 164.68 700.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 205.52 700.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 241.92 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.32 700.25 Td (one ) Tj ET Q q 0 0 0 rg BT 270.83 700.25 Td (level ) Tj ET Q q 0 0 0 rg BT 293.34 700.25 Td (below ) Tj ET Q q 0 0 0 rg BT 320.85 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 333.36 700.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 374.20 700.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 410.59 700.25 Td (\(referred ) Tj ET Q q 0 0 0 rg BT 448.63 700.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.48 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 470.89 700.25 Td (a ) Tj ET Q q 0 0 0 rg BT 478.40 700.25 Td (component\). ) Tj ET Q q 0 0 0 rg BT 538.39 700.25 Td (In ) Tj ET Q q 0 0 0 rg BT 549.80 700.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 77.92 688.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 109.71 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.53 688.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 146.66 688.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 172.64 688.25 Td (we ) Tj ET Q q 0 0 0 rg BT 187.78 688.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 224.58 688.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.39 688.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 275.41 688.25 Td (or) Tj ET Q q 0 0 0 rg BT 283.56 688.25 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 335.91 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.83 688.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 393.96 688.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 432.43 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.69 688.25 Td (combine ) Tj ET Q q 0 0 0 rg BT 481.60 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.30 688.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 518.00 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.92 688.25 Td (metals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 89.68 676.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 136.88 676.25 Td (which ) Tj ET Q q 0 0 0 rg BT 163.80 676.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 197.94 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.19 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.89 676.25 Td (formation ) Tj ET Q q 0 0 0 rg BT 264.80 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.61 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.53 676.25 Td (new ) Tj ET Q q 0 0 0 rg BT 301.67 676.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 341.91 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.83 676.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 401.84 676.25 Td (segment, ) Tj ET Q q 0 0 0 rg BT 439.60 676.25 Td (AMR, ) Tj ET Q q 0 0 0 rg BT 467.36 676.25 Td (replacing ) Tj ET Q q 0 0 0 rg BT 507.04 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.85 676.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 547.56 676.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.22 664.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 110.75 664.25 Td (segments. ) Tj ET Q q 0 0 0 rg BT 152.11 664.25 Td (This ) Tj ET Q q 0 0 0 rg BT 171.65 664.25 Td (change ) Tj ET Q q 0 0 0 rg BT 201.73 664.25 Td (led ) Tj ET Q q 0 0 0 rg BT 215.72 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.26 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.24 664.25 Td (identification ) Tj ET Q q 0 0 0 rg BT 294.33 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.42 664.25 Td (components ) Tj ET Q q 0 0 0 rg BT 354.51 664.25 Td (within ) Tj ET Q q 0 0 0 rg BT 381.45 664.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 406.00 664.25 Td (based ) Tj ET Q q 0 0 0 rg BT 430.53 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 442.30 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.28 664.25 Td (disaggregation ) Tj ET Q q 0 0 0 rg BT 516.92 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.02 664.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.67 652.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 138.21 652.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 177.31 652.25 Td (by ) Tj ET Q q 0 0 0 rg BT 189.77 652.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 225.54 652.25 Td (management ) Tj ET Q q 0 0 0 rg BT 279.09 652.25 Td (by ) Tj ET Q q 0 0 0 rg BT 291.54 652.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 338.42 652.25 Td (area. ) Tj ET Q q 0 0 0 rg BT 360.02 652.25 Td (Components ) Tj ET Q q 0 0 0 rg BT 413.03 652.25 Td (with ) Tj ET Q q 0 0 0 rg BT 433.26 652.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 463.49 652.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 504.81 652.25 Td (characteristics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (were ) Tj ET Q q 0 0 0 rg BT 72.86 640.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 120.16 640.25 Td (into ) Tj ET Q q 0 0 0 rg BT 139.15 640.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 179.23 640.25 Td (units ) Tj ET Q q 0 0 0 rg BT 202.11 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.99 640.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 258.97 640.25 Td (was ) Tj ET Q q 0 0 0 rg BT 277.96 640.25 Td (reassigned ) Tj ET Q q 0 0 0 rg BT 323.60 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.81 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.46 640.25 Td (af) Tj ET Q q 0 0 0 rg BT 358.05 640.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 385.90 640.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 425.99 640.25 Td (units ) Tj ET Q q 0 0 0 rg BT 448.87 640.25 Td (using ) Tj ET Q q 0 0 0 rg BT 473.97 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.62 640.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 523.04 640.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.35 640.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 89.55 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 100.79 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.03 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.15 628.25 Td (date ) Tj ET Q q 0 0 0 rg BT 146.71 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.95 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.07 628.25 Td (reassessment, ) Tj ET Q q 0 0 0 rg BT 230.69 628.25 Td (July ) Tj ET Q q 0 0 0 rg BT 250.26 628.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 260.67 628.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 286.08 628.25 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 330.65 628.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.55 628.25 Td (that ) Tj ET Q q 0 0 0 rg BT 361.46 628.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 383.52 628.25 Td (our ) Tj ET Q q 0 0 0 rg BT 399.75 628.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 438.22 628.25 Td (was ) Tj ET Q q 0 0 0 rg BT 456.68 628.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 487.34 628.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.24 628.25 Td (two ) Tj ET Q q 0 0 0 rg BT 518.15 628.25 Td (regionally-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 82.20 616.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 121.07 616.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 145.24 616.25 Td (one ) Tj ET Q q 0 0 0 rg BT 161.89 616.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 204.66 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.21 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 221.86 616.25 Td (single ) Tj ET Q q 0 0 0 rg BT 247.97 616.25 Td (component ) Tj ET Q q 0 0 0 rg BT 294.62 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 314.61 616.25 Td ($168 ) Tj ET Q q 0 0 0 rg BT 336.83 616.25 Td (million ) Tj ET Q q 0 0 0 rg BT 367.93 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.48 616.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 416.78 616.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 457.06 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.71 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.14 616.25 Td (other ) Tj ET Q q 0 0 0 rg BT 510.91 616.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 553.68 616.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (two ) Tj ET Q q 0 0 0 rg BT 67.14 604.25 Td (components ) Tj ET Q q 0 0 0 rg BT 117.60 604.25 Td (with ) Tj ET Q q 0 0 0 rg BT 137.51 604.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 167.42 604.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 208.43 604.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 267.75 604.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 313.75 604.25 Td (into ) Tj ET Q q 0 0 0 rg BT 331.44 604.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.01 604.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 376.80 604.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 394.49 604.25 Td (with ) Tj ET Q q 0 0 0 rg BT 414.41 604.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 426.54 604.25 Td (million ) Tj ET Q q 0 0 0 rg BT 457.57 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.03 604.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 506.26 604.25 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 546.45 604.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.62 592.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.89 592.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 149.71 592.25 Td (has ) Tj ET Q q 0 0 0 rg BT 165.54 592.25 Td (no ) Tj ET Q q 0 0 0 rg BT 178.04 592.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 216.10 592.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 254.69 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.97 592.25 Td (it. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (When ) Tj ET Q q 0 0 0 rg BT 76.67 571.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 106.12 571.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 144.47 571.25 Td (for ) Tj ET Q q 0 0 0 rg BT 158.92 571.25 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 210.31 571.25 Td (we ) Tj ET Q q 0 0 0 rg BT 224.75 571.25 Td (have ) Tj ET Q q 0 0 0 rg BT 246.42 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.43 571.25 Td (option ) Tj ET Q q 0 0 0 rg BT 289.77 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.34 571.25 Td (first ) Tj ET Q q 0 0 0 rg BT 319.24 571.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 346.47 571.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 391.47 571.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 421.47 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.03 571.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 474.80 571.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 509.80 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.81 571.25 Td (existence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 559.25 Td (events ) Tj ET Q q 0 0 0 rg BT 88.95 559.25 Td (or ) Tj ET Q q 0 0 0 rg BT 99.81 559.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 158.98 559.25 Td (leads ) Tj ET Q q 0 0 0 rg BT 182.07 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.38 559.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.35 559.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 257.42 559.25 Td (that ) Tj ET Q q 0 0 0 rg BT 274.95 559.25 Td (it ) Tj ET Q q 0 0 0 rg BT 283.04 559.25 Td (is ) Tj ET Q q 0 0 0 rg BT 292.25 559.25 Td (more ) Tj ET Q q 0 0 0 rg BT 315.33 559.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 340.63 559.25 Td (than ) Tj ET Q q 0 0 0 rg BT 360.39 559.25 Td (not ) Tj ET Q q 0 0 0 rg BT 375.70 559.25 Td (that ) Tj ET Q q 0 0 0 rg BT 393.23 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.98 559.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 448.83 559.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.24 559.25 Td (value ) Tj ET Q q 0 0 0 rg BT 489.43 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.30 559.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.27 559.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.46 559.25 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.27 547.25 Td (less ) Tj ET Q q 0 0 0 rg BT 76.88 547.25 Td (than ) Tj ET Q q 0 0 0 rg BT 96.69 547.25 Td (its ) Tj ET Q q 0 0 0 rg BT 108.75 547.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 144.66 547.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 179.76 547.25 Td (If ) Tj ET Q q 0 0 0 rg BT 189.02 547.25 Td (we ) Tj ET Q q 0 0 0 rg BT 203.29 547.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 224.76 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.14 547.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 269.95 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 276.99 547.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 321.80 547.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 368.84 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.88 547.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 428.47 547.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.06 547.25 Td (an ) Tj ET Q q 0 0 0 rg BT 458.11 547.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 506.81 547.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.08 547.25 Td (more ) Tj ET Q q 0 0 0 rg BT 539.23 547.25 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (than ) Tj ET Q q 0 0 0 rg BT 69.59 535.25 Td (not, ) Tj ET Q q 0 0 0 rg BT 87.24 535.25 Td (we ) Tj ET Q q 0 0 0 rg BT 101.27 535.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.85 535.25 Td (then ) Tj ET Q q 0 0 0 rg BT 135.44 535.25 Td (required ) Tj ET Q q 0 0 0 rg BT 171.13 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.28 535.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 215.86 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.45 535.25 Td (two-step ) Tj ET Q q 0 0 0 rg BT 267.27 535.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 316.85 535.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 365.32 535.25 Td (test, ) Tj ET Q q 0 0 0 rg BT 384.08 535.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 425.33 535.25 Td (no ) Tj ET Q q 0 0 0 rg BT 437.70 535.25 Td (further ) Tj ET Q q 0 0 0 rg BT 467.28 535.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 501.87 535.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.91 535.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 548.93 535.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 535.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (also ) Tj ET Q q 0 0 0 rg BT 69.08 523.25 Td (may ) Tj ET Q q 0 0 0 rg BT 89.27 523.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 111.11 523.25 Td (not ) Tj ET Q q 0 0 0 rg BT 126.86 523.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.60 523.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 172.78 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.97 523.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 233.15 523.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 280.56 523.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 300.46 523.25 Td (instead, ) Tj ET Q q 0 0 0 rg BT 334.26 523.25 Td (proceed ) Tj ET Q q 0 0 0 rg BT 368.88 523.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 402.39 523.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.14 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.32 523.25 Td (two-step ) Tj ET Q q 0 0 0 rg BT 465.73 523.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 515.91 523.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (test. ) Tj ET Q q 0 0 0 rg BT 68.90 511.25 Td (In ) Tj ET Q q 0 0 0 rg BT 79.74 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.46 511.25 Td (first ) Tj ET Q q 0 0 0 rg BT 113.08 511.25 Td (step ) Tj ET Q q 0 0 0 rg BT 131.70 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.54 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.27 511.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 206.98 511.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 255.59 511.25 Td (test, ) Tj ET Q q 0 0 0 rg BT 274.49 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.21 511.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 305.60 511.25 Td (value ) Tj ET Q q 0 0 0 rg BT 329.77 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.61 511.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.55 511.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 386.72 511.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 404.79 511.25 Td (is ) Tj ET Q q 0 0 0 rg BT 413.96 511.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 455.90 511.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.19 511.25 Td (its ) Tj ET Q q 0 0 0 rg BT 478.14 511.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 513.97 511.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 540.63 511.25 Td (If ) Tj ET Q q 0 0 0 rg BT 549.80 511.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 86.77 499.25 Td (value ) Tj ET Q q 0 0 0 rg BT 111.87 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.65 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 499.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 171.64 499.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 190.65 499.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 225.74 499.25 Td (its ) Tj ET Q q 0 0 0 rg BT 238.64 499.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.97 499.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 283.57 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.24 499.25 Td (second ) Tj ET Q q 0 0 0 rg BT 330.46 499.25 Td (step ) Tj ET Q q 0 0 0 rg BT 350.02 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.80 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.46 499.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 427.01 499.25 Td (test ) Tj ET Q q 0 0 0 rg BT 444.35 499.25 Td (is ) Tj ET Q q 0 0 0 rg BT 454.47 499.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 499.56 499.25 Td (for ) Tj ET Q q 0 0 0 rg BT 514.67 499.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 553.67 499.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (measuring ) Tj ET Q q 0 0 0 rg BT 94.16 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.89 487.25 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 160.00 487.25 Td (In ) Tj ET Q q 0 0 0 rg BT 170.84 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.56 487.25 Td (second ) Tj ET Q q 0 0 0 rg BT 215.84 487.25 Td (step, ) Tj ET Q q 0 0 0 rg BT 236.96 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.68 487.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 268.07 487.25 Td (value ) Tj ET Q q 0 0 0 rg BT 292.23 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.07 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.80 487.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.96 487.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 375.03 487.25 Td (is ) Tj ET Q q 0 0 0 rg BT 384.20 487.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 422.80 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.09 487.25 Td (all ) Tj ET Q q 0 0 0 rg BT 445.59 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.43 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.16 487.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.00 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.94 487.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 553.67 487.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 475.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 103.55 475.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 121.45 475.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.56 475.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 173.88 475.25 Td (an ) Tj ET Q q 0 0 0 rg BT 185.66 475.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 218.55 475.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 256.45 475.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 282.77 475.25 Td (This ) Tj ET Q q 0 0 0 rg BT 302.89 475.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 344.66 475.25 Td (is ) Tj ET Q q 0 0 0 rg BT 353.66 475.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 383.78 475.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.89 475.25 Td (a ) Tj ET Q q 0 0 0 rg BT 400.67 475.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 438.55 475.25 Td (price ) Tj ET Q q 0 0 0 rg BT 460.87 475.25 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 505.14 475.25 Td (If ) Tj ET Q q 0 0 0 rg BT 514.14 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 475.25 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.09 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.51 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.82 463.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 145.57 463.25 Td (unit) Tj ET Q q 0 0 0 rg BT 163.90 463.25 Td (s ) Tj ET Q q 0 0 0 rg BT 169.89 463.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 207.53 463.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 241.27 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.58 463.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 288.23 463.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 304.19 463.25 Td (value ) Tj ET Q q 0 0 0 rg BT 327.94 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.36 463.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 378.51 463.25 Td (an ) Tj ET Q q 0 0 0 rg BT 390.04 463.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 438.23 463.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 455.89 463.25 Td (is ) Tj ET Q q 0 0 0 rg BT 464.65 463.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.61 463.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.48 463.25 Td (an ) Tj ET Q q 0 0 0 rg BT 532.01 463.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 74.16 451.25 Td (to ) Tj ET Q q 0 0 0 rg BT 84.43 451.25 Td (that ) Tj ET Q q 0 0 0 rg BT 101.93 451.25 Td (excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 430.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.08 430.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 102.40 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.61 430.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 134.49 430.25 Td (value ) Tj ET Q q 0 0 0 rg BT 159.15 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.48 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.70 430.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 225.35 430.25 Td (units ) Tj ET Q q 0 0 0 rg BT 247.80 430.25 Td (using ) Tj ET Q q 0 0 0 rg BT 272.47 430.25 Td (an ) Tj ET Q q 0 0 0 rg BT 284.91 430.25 Td (income ) Tj ET Q q 0 0 0 rg BT 317.34 430.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 356.99 430.25 Td (based ) Tj ET Q q 0 0 0 rg BT 382.76 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 395.76 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.98 430.25 Td (present ) Tj ET Q q 0 0 0 rg BT 442.85 430.25 Td (value ) Tj ET Q q 0 0 0 rg BT 467.51 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.84 430.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 517.37 430.25 Td (future ) Tj ET Q q 0 0 0 rg BT 544.25 430.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 75.63 418.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 112.37 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.21 418.25 Td (market-based ) Tj ET Q q 0 0 0 rg BT 177.49 418.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 217.55 418.25 Td (average ) Tj ET Q q 0 0 0 rg BT 252.04 418.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 271.56 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 418.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 313.35 418.25 Td (\(W) Tj ET Q q 0 0 0 rg BT 329.45 418.25 Td (ACC\) ) Tj ET Q q 0 0 0 rg BT 361.19 418.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 409.58 418.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 453.52 418.25 Td (for ) Tj ET Q q 0 0 0 rg BT 468.59 418.25 Td (each ) Tj ET Q q 0 0 0 rg BT 490.31 418.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 530.38 418.25 Td (unit. ) Tj ET Q q 0 0 0 rg BT 551.59 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 557.00 418.25 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 86.18 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.26 406.25 Td (present ) Tj ET Q q 0 0 0 rg BT 133.01 406.25 Td (value ) Tj ET Q q 0 0 0 rg BT 157.52 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.72 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.80 406.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.43 406.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 229.52 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.38 406.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 276.89 406.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 309.20 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.28 406.25 Td (final ) Tj ET Q q 0 0 0 rg BT 345.47 406.25 Td (year ) Tj ET Q q 0 0 0 rg BT 365.54 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.73 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.81 406.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 438.00 406.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 458.63 406.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 479.83 406.25 Td (model, ) Tj ET Q q 0 0 0 rg BT 510.19 406.25 Td (we ) Tj ET Q q 0 0 0 rg BT 524.71 406.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 557.57 406.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 84.89 394.25 Td (value ) Tj ET Q q 0 0 0 rg BT 108.11 394.25 Td (technique, ) Tj ET Q q 0 0 0 rg BT 151.04 394.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 187.04 394.25 Td (we ) Tj ET Q q 0 0 0 rg BT 200.26 394.25 Td (use ) Tj ET Q q 0 0 0 rg BT 215.16 394.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 255.04 394.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 294.37 394.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.70 394.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 337.49 394.25 Td (minus ) Tj ET Q q 0 0 0 rg BT 363.50 394.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 391.72 394.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 446.88 394.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 472.33 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 485.55 394.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 519.33 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.67 394.25 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.47 382.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 134.50 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.10 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.14 382.25 Td (final ) Tj ET Q q 0 0 0 rg BT 181.29 382.25 Td (year ) Tj ET Q q 0 0 0 rg BT 201.32 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.48 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 382.25 Td (model, ) Tj ET Q q 0 0 0 rg BT 257.84 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.10 382.25 Td (then ) Tj ET Q q 0 0 0 rg BT 295.14 382.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 331.85 382.25 Td (these ) Tj ET Q q 0 0 0 rg BT 355.22 382.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 396.36 382.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 416.96 382.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 442.00 382.25 Td (by ) Tj ET Q q 0 0 0 rg BT 454.82 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.66 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 477.99 382.25 Td (ACC ) Tj ET Q q 0 0 0 rg BT 501.38 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.98 382.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 549.80 382.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 85.82 370.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.38 349.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 126.76 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.92 349.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.63 349.25 Td (value ) Tj ET Q q 0 0 0 rg BT 179.13 349.25 Td (using ) Tj ET Q q 0 0 0 rg BT 203.63 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.68 349.25 Td (income ) Tj ET Q q 0 0 0 rg BT 250.95 349.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 290.44 349.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 325.48 349.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 366.09 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.36 349.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 420.08 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.14 349.25 Td (use ) Tj ET Q q 0 0 0 rg BT 451.30 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.47 349.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 507.52 349.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 547.57 349.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 103.14 337.25 Td (about ) Tj ET Q q 0 0 0 rg BT 129.04 337.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 168.26 337.25 Td (future ) Tj ET Q q 0 0 0 rg BT 195.83 337.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.29 337.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 243.20 337.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 276.87 337.25 Td (from ) Tj ET Q q 0 0 0 rg BT 300.00 337.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 334.23 337.25 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 373.46 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.58 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.49 337.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.39 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.41 337.25 Td (market ) Tj ET Q q 0 0 0 rg BT 481.86 337.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 527.22 337.25 Td (on ) Tj ET Q q 0 0 0 rg BT 540.91 337.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 106.36 325.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 140.77 325.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 194.64 325.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 236.26 325.25 Td (include ) Tj ET Q q 0 0 0 rg BT 270.11 325.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 306.18 325.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 338.92 325.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.22 325.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 392.18 325.25 Td (by ) Tj ET Q q 0 0 0 rg BT 406.60 325.25 Td (future ) Tj ET Q q 0 0 0 rg BT 434.89 325.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 484.86 325.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.15 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.01 325.25 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 105.69 313.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.67 313.25 Td (mar) Tj ET Q q 0 0 0 rg BT 162.04 313.25 Td (gins, ) Tj ET Q q 0 0 0 rg BT 184.42 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 214.29 313.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 271.10 313.25 Td (working ) Tj ET Q q 0 0 0 rg BT 307.64 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 337.51 313.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 395.42 313.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.85 313.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 435.44 313.25 Td (terminal ) Tj ET Q q 0 0 0 rg BT 471.98 313.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 503.52 313.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 528.11 313.25 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.88 301.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 108.03 301.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 151.63 301.25 Td (with ) Tj ET Q q 0 0 0 rg BT 171.90 301.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.84 301.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 210.21 301.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 256.59 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.53 301.25 Td (syner) Tj ET Q q 0 0 0 rg BT 295.00 301.25 Td (gistic ) Tj ET Q q 0 0 0 rg BT 319.17 301.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 353.33 301.25 Td (available ) Tj ET Q q 0 0 0 rg BT 391.91 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.19 301.25 Td (market ) Tj ET Q q 0 0 0 rg BT 432.46 301.25 Td (participants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 280.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.51 280.25 Td (also ) Tj ET Q q 0 0 0 rg BT 86.06 280.25 Td (use ) Tj ET Q q 0 0 0 rg BT 102.83 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.70 280.25 Td (market ) Tj ET Q q 0 0 0 rg BT 141.90 280.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 181.99 280.25 Td (based ) Tj ET Q q 0 0 0 rg BT 208.19 280.25 Td (on ) Tj ET Q q 0 0 0 rg BT 221.63 280.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 258.95 280.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 295.71 280.25 Td (data ) Tj ET Q q 0 0 0 rg BT 315.81 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.68 280.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.45 280.25 Td (Company) Tj ET Q q 0 0 0 rg BT 392.11 280.25 Td (s ) Tj ET Q q 0 0 0 rg BT 399.44 280.25 Td (market ) Tj ET Q q 0 0 0 rg BT 430.64 280.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 487.94 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.16 280.25 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 548.68 280.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.11 268.25 Td (units) Tj ET Q q 0 0 0 rg BT 110.14 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.59 268.25 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 156.54 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 165.18 268.25 Td (e ) Tj ET Q q 0 0 0 rg BT 171.07 268.25 Td (reconcile ) Tj ET Q q 0 0 0 rg BT 209.17 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.83 268.25 Td (Company) Tj ET Q q 0 0 0 rg BT 264.50 268.25 Td (s ) Tj ET Q q 0 0 0 rg BT 269.84 268.25 Td (market ) Tj ET Q q 0 0 0 rg BT 299.06 268.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 354.37 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.60 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.27 268.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 422.58 268.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 462.36 268.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 477.68 268.25 Td (value ) Tj ET Q q 0 0 0 rg BT 500.79 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.57 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.35 268.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (units, ) Tj ET Q q 0 0 0 rg BT 74.54 256.25 Td (including ) Tj ET Q q 0 0 0 rg BT 114.91 256.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 171.37 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.29 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.33 256.25 Td (control ) Tj ET Q q 0 0 0 rg BT 220.24 256.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 258.94 256.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 310.96 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.77 256.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 366.68 256.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 399.27 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.30 256.25 Td (market ) Tj ET Q q 0 0 0 rg BT 436.66 256.25 Td (participant ) Tj ET Q q 0 0 0 rg BT 482.01 256.25 Td (would ) Tj ET Q q 0 0 0 rg BT 509.60 256.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 526.63 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 537.00 256.25 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 244.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 103.32 244.25 Td (interest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.20 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.28 223.25 Td (second ) Tj ET Q q 0 0 0 rg BT 106.91 223.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 138.10 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.29 223.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 173.81 223.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.18 223.25 Td (we ) Tj ET Q q 0 0 0 rg BT 213.71 223.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 254.89 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.98 223.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 322.83 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.03 223.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 374.11 223.25 Td (weak ) Tj ET Q q 0 0 0 rg BT 398.08 223.25 Td (market ) Tj ET Q q 0 0 0 rg BT 428.71 223.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 475.74 223.25 Td (including ) Tj ET Q q 0 0 0 rg BT 516.38 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.46 223.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 211.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 78.08 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.03 211.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 112.42 211.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 159.59 211.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 187.87 211.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 213.36 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.42 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 211.25 Td (constraining ) Tj ET Q q 0 0 0 rg BT 294.31 211.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 323.13 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.08 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.92 211.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 371.30 211.25 Td (price ) Tj ET Q q 0 0 0 rg BT 392.91 211.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 445.07 211.25 Td (on ) Tj ET Q q 0 0 0 rg BT 456.68 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.52 211.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 498.81 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.75 211.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.36 211.25 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.20 199.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 121.61 199.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 161.02 199.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 200.17 199.25 Td (our ) Tj ET Q q 0 0 0 rg BT 216.26 199.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 243.45 199.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.19 199.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 334.47 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.67 199.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.87 199.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 390.51 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.04 199.25 Td (our ) Tj ET Q q 0 0 0 rg BT 417.14 199.25 Td (market ) Tj ET Q q 0 0 0 rg BT 447.66 199.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 504.28 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 515.38 199.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.58 199.25 Td (triggering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (event ) Tj ET Q q 0 0 0 rg BT 74.86 187.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 114.72 187.25 Td (an ) Tj ET Q q 0 0 0 rg BT 127.36 187.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 159.44 187.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 208.75 187.25 Td (test ) Tj ET Q q 0 0 0 rg BT 225.83 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.37 187.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 276.13 187.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 315.42 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.40 187.25 Td (our ) Tj ET Q q 0 0 0 rg BT 342.93 187.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 382.79 187.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 407.71 187.25 Td (The ) Tj ET Q q 0 0 0 rg BT 426.46 187.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 482.98 187.25 Td (date ) Tj ET Q q 0 0 0 rg BT 502.83 187.25 Td (for ) Tj ET Q q 0 0 0 rg BT 517.70 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.12 187.25 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.06 175.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 136.66 175.25 Td (test ) Tj ET Q q 0 0 0 rg BT 153.04 175.25 Td (was ) Tj ET Q q 0 0 0 rg BT 171.09 175.25 Td (February ) Tj ET Q q 0 0 0 rg BT 209.69 175.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 219.69 175.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.13 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.59 154.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 119.48 154.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 137.28 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 157.30 154.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 169.54 154.25 Td (million ) Tj ET Q q 0 0 0 rg BT 200.67 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.24 154.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 249.04 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 259.61 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.18 154.25 Td (February ) Tj ET Q q 0 0 0 rg BT 308.52 154.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 318.26 154.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 343.00 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.46 154.25 Td (first ) Tj ET Q q 0 0 0 rg BT 375.80 154.25 Td (step ) Tj ET Q q 0 0 0 rg BT 394.15 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.72 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.18 154.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 467.52 154.25 Td (test ) Tj ET Q q 0 0 0 rg BT 483.65 154.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 516.44 154.25 Td (that ) Tj ET Q q 0 0 0 rg BT 533.67 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.13 154.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.30 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.27 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.13 142.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.42 142.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 157.62 142.25 Td (was ) Tj ET Q q 0 0 0 rg BT 175.82 142.25 Td (less ) Tj ET Q q 0 0 0 rg BT 193.46 142.25 Td (than ) Tj ET Q q 0 0 0 rg BT 213.32 142.25 Td (its ) Tj ET Q q 0 0 0 rg BT 225.41 142.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 261.36 142.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 296.50 142.25 Td (indicating ) Tj ET Q q 0 0 0 rg BT 339.13 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.21 142.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 383.84 142.25 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 435.08 142.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 462.16 142.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.80 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.66 142.25 Td (second ) Tj ET Q q 0 0 0 rg BT 520.07 142.25 Td (step ) Tj ET Q q 0 0 0 rg BT 538.82 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 142.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.61 130.25 Td (test, ) Tj ET Q q 0 0 0 rg BT 117.51 130.25 Td (we ) Tj ET Q q 0 0 0 rg BT 131.68 130.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 175.28 130.25 Td (that ) Tj ET Q q 0 0 0 rg BT 192.79 130.25 Td (no ) Tj ET Q q 0 0 0 rg BT 205.30 130.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 238.36 130.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 254.75 130.25 Td (value ) Tj ET Q q 0 0 0 rg BT 278.92 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.76 130.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 327.83 130.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 367.54 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 381.71 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.44 130.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 435.61 130.25 Td (unit, ) Tj ET Q q 0 0 0 rg BT 456.18 130.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 493.68 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.97 130.25 Td (an ) Tj ET Q q 0 0 0 rg BT 515.92 130.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 118.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 111.36 118.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 143.86 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.40 118.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 208.56 118.25 Td (unit's ) Tj ET Q q 0 0 0 rg BT 232.31 118.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 270.37 118.25 Td (totaling ) Tj ET Q q 0 0 0 rg BT 303.42 118.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 315.92 118.25 Td (million.) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (45) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.14 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 118.81 742.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 136.38 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.18 742.10 Td ($166 ) Tj ET Q q 0 0 0 rg BT 178.19 742.10 Td (million ) Tj ET Q q 0 0 0 rg BT 209.10 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.45 742.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 257.02 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.36 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.71 742.10 Td (February ) Tj ET Q q 0 0 0 rg BT 315.82 742.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 325.34 742.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 349.85 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.09 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 404.42 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 420.32 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 443.99 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.33 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.56 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 507.24 742.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 524.81 742.10 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.06 730.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 95.98 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 119.24 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.85 730.10 Td (approximately27%. ) Tj ET Q q 0 0 0 rg BT 213.43 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 230.59 730.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 276.63 730.10 Td (used ) Tj ET Q q 0 0 0 rg BT 296.57 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.95 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.78 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 350.82 730.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 389.07 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.34 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.16 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 454.43 730.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 471.59 730.10 Td (took ) Tj ET Q q 0 0 0 rg BT 490.98 730.10 Td (into ) Tj ET Q q 0 0 0 rg BT 508.14 730.10 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.85 718.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 94.70 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.67 718.10 Td (current ) Tj ET Q q 0 0 0 rg BT 136.62 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 167.02 718.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 211.32 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.61 718.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 256.57 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.64 718.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 319.60 718.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 356.10 718.10 Td (metals, ) Tj ET Q q 0 0 0 rg BT 387.34 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.19 718.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 420.93 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.90 718.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 472.31 718.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 510.48 718.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 539.78 718.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.03 706.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 82.83 706.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 106.75 706.10 Td (including ) Tj ET Q q 0 0 0 rg BT 146.23 706.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 190.68 706.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 227.65 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.79 706.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 269.92 706.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 296.06 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.09 706.10 Td (self-serve ) Tj ET Q q 0 0 0 rg BT 346.66 706.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 367.81 706.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 391.32 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 408.57 706.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 454.71 706.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 490.85 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.99 706.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 527.03 706.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.15 694.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 99.74 694.10 Td (mar) Tj ET Q q 0 0 0 rg BT 115.10 694.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 133.59 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.85 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 184.99 694.10 Td (depressed ) Tj ET Q q 0 0 0 rg BT 226.24 694.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 251.39 694.10 Td (over ) Tj ET Q q 0 0 0 rg BT 270.98 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.24 694.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 320.71 694.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 350.58 694.10 Td (including ) Tj ET Q q 0 0 0 rg BT 390.17 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.21 694.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 437.69 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.84 694.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 481.86 694.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 516.45 694.10 Td (cost-saving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 682.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 117.21 682.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 172.48 682.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 213.99 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 231.48 682.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 287.15 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 295.48 682.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 317.99 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 338.26 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.99 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.15 682.10 Td (income ) Tj ET Q q 0 0 0 rg BT 393.53 682.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 432.12 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.73 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.89 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 498.49 682.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 515.99 682.10 Td (was1) Tj ET Q q 0 0 0 rg BT 538.67 682.10 Td (1.2%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.32 670.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 102.42 670.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 132.52 670.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.28 670.10 Td (used ) Tj ET Q q 0 0 0 rg BT 169.39 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.94 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.93 670.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 238.03 670.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.58 670.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 277.68 670.10 Td (model ) Tj ET Q q 0 0 0 rg BT 304.45 670.10 Td (was ) Tj ET Q q 0 0 0 rg BT 321.78 670.10 Td (2%. ) Tj ET Q q 0 0 0 rg BT 338.99 670.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 381.33 670.10 Td (all ) Tj ET Q q 0 0 0 rg BT 393.10 670.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.42 670.10 Td (components ) Tj ET Q q 0 0 0 rg BT 465.52 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.62 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.62 670.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 505.27 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 528.70 670.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.98 658.10 Td (held ) Tj ET Q q 0 0 0 rg BT 91.75 658.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 130.12 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 142.11 658.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 177.41 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.74 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.33 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 210.66 658.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 233.77 658.10 Td (of200 ) Tj ET Q q 0 0 0 rg BT 262.15 658.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 284.70 658.10 Td (points ) Tj ET Q q 0 0 0 rg BT 311.70 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.58 658.10 Td (more ) Tj ET Q q 0 0 0 rg BT 345.67 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.55 658.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 387.97 658.10 Td (than ) Tj ET Q q 0 0 0 rg BT 407.74 658.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 454.16 658.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 513.92 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.25 658.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 646.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 84.54 646.10 Td (could ) Tj ET Q q 0 0 0 rg BT 109.25 646.10 Td (have ) Tj ET Q q 0 0 0 rg BT 130.63 646.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 164.79 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.06 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.00 646.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 210.60 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.43 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.14 646.10 Td (step ) Tj ET Q q 0 0 0 rg BT 254.75 646.10 Td (one ) Tj ET Q q 0 0 0 rg BT 271.69 646.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 321.40 646.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 370.00 646.10 Td (test ) Tj ET Q q 0 0 0 rg BT 386.38 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.54 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.26 646.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 454.41 646.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.86 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.61 625.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.58 625.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 133.43 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.30 625.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 168.49 625.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 193.52 625.10 Td (we ) Tj ET Q q 0 0 0 rg BT 207.71 625.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 251.89 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.64 625.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 295.83 625.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 333.92 625.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 382.55 625.10 Td (test ) Tj ET Q q 0 0 0 rg BT 398.97 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 409.83 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.70 625.10 Td (July ) Tj ET Q q 0 0 0 rg BT 439.90 625.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 449.93 625.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 474.41 625.10 Td (As ) Tj ET Q q 0 0 0 rg BT 488.05 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.92 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.67 625.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 542.87 625.10 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 613.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 97.13 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.66 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.07 613.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 168.84 613.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 206.59 613.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.11 613.10 Td ($167 ) Tj ET Q q 0 0 0 rg BT 239.30 613.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.19 613.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.39 613.10 Td (was ) Tj ET Q q 0 0 0 rg BT 288.13 613.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 318.08 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.27 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.90 613.10 Td (single ) Tj ET Q q 0 0 0 rg BT 362.98 613.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 401.83 613.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 419.58 613.10 Td (within ) Tj ET Q q 0 0 0 rg BT 447.32 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.25 613.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 486.23 613.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.18 613.10 Td (segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 601.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.43 601.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 96.09 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.22 601.10 Td (first ) Tj ET Q q 0 0 0 rg BT 124.68 601.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 151.47 601.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 196.03 601.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 225.59 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.72 601.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 278.05 601.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 312.61 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.18 601.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 366.73 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.41 601.10 Td (events ) Tj ET Q q 0 0 0 rg BT 405.31 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.99 601.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 474.98 601.10 Td (led ) Tj ET Q q 0 0 0 rg BT 489.55 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.68 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.47 601.10 Td (determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.52 589.10 Td (it ) Tj ET Q q 0 0 0 rg BT 75.61 589.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.81 589.10 Td (more ) Tj ET Q q 0 0 0 rg BT 107.88 589.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 133.18 589.10 Td (than ) Tj ET Q q 0 0 0 rg BT 152.93 589.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.24 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.76 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.50 589.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 241.35 589.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 257.76 589.10 Td (value ) Tj ET Q q 0 0 0 rg BT 281.94 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.80 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.54 589.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 346.73 589.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 364.81 589.10 Td (is ) Tj ET Q q 0 0 0 rg BT 374.01 589.10 Td (less ) Tj ET Q q 0 0 0 rg BT 391.54 589.10 Td (than ) Tj ET Q q 0 0 0 rg BT 411.29 589.10 Td (its ) Tj ET Q q 0 0 0 rg BT 423.26 589.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 459.11 589.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 493.57 589.10 Td (As ) Tj ET Q q 0 0 0 rg BT 507.21 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.18 589.10 Td (result ) Tj ET Q q 0 0 0 rg BT 538.92 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 589.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 95.38 577.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 145.49 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.32 577.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 204.58 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 222.75 577.10 Td (it ) Tj ET Q q 0 0 0 rg BT 231.48 577.10 Td (is ) Tj ET Q q 0 0 0 rg BT 241.32 577.10 Td (not ) Tj ET Q q 0 0 0 rg BT 257.27 577.10 Td (more ) Tj ET Q q 0 0 0 rg BT 280.99 577.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 306.93 577.10 Td (than ) Tj ET Q q 0 0 0 rg BT 327.32 577.10 Td (not ) Tj ET Q q 0 0 0 rg BT 343.27 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.44 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.83 577.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 393.87 577.10 Td (value ) Tj ET Q q 0 0 0 rg BT 418.70 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.20 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.59 577.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 485.42 577.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 504.15 577.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.99 577.10 Td (less ) Tj ET Q q 0 0 0 rg BT 532.16 577.10 Td (than ) Tj ET Q q 0 0 0 rg BT 552.55 577.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.82 565.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.97 565.10 Td (as ) Tj ET Q q 0 0 0 rg BT 120.80 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.63 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.35 565.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 175.51 565.10 Td (date ) Tj ET Q q 0 0 0 rg BT 194.67 565.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 214.11 565.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 255.19 565.10 Td (no ) Tj ET Q q 0 0 0 rg BT 267.69 565.10 Td (further ) Tj ET Q q 0 0 0 rg BT 297.40 565.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 346.00 565.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 375.16 565.10 Td (was ) Tj ET Q q 0 0 0 rg BT 393.21 565.10 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.01 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.34 544.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.45 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.67 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.78 544.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 152.44 544.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 199.31 544.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 242.30 544.10 Td (with ) Tj ET Q q 0 0 0 rg BT 261.97 544.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 296.08 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.19 544.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 349.30 544.10 Td (described ) Tj ET Q q 0 0 0 rg BT 389.51 544.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 417.78 544.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 443.54 544.10 Td (results ) Tj ET Q q 0 0 0 rg BT 471.55 544.10 Td (could ) Tj ET Q q 0 0 0 rg BT 495.66 544.10 Td (dif) Tj ET Q q 0 0 0 rg BT 506.58 544.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 519.58 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 540.91 544.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 92.12 532.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 120.63 532.10 Td (events ) Tj ET Q q 0 0 0 rg BT 148.59 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.43 532.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 204.50 532.10 Td (market ) Tj ET Q q 0 0 0 rg BT 234.67 532.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 278.74 532.10 Td (may ) Tj ET Q q 0 0 0 rg BT 298.36 532.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 327.98 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.72 532.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 395.58 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.31 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.50 532.10 Td (future ) Tj ET Q q 0 0 0 rg BT 442.78 532.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 476.84 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.68 532.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 533.85 532.10 Td (mar) Tj ET Q q 0 0 0 rg BT 549.22 532.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.62 520.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 104.29 520.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 160.27 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 168.60 520.10 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 193.96 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.68 520.10 Td (other ) Tj ET Q q 0 0 0 rg BT 233.52 520.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 263.02 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 280.30 520.10 Td (may ) Tj ET Q q 0 0 0 rg BT 299.81 520.10 Td (result ) Tj ET Q q 0 0 0 rg BT 324.32 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.39 520.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 368.88 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.95 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 394.57 520.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 434.07 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.69 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.20 520.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 498.15 520.10 Td (units' ) Tj ET Q q 0 0 0 rg BT 521.69 520.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 537.85 520.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 91.07 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.02 508.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 138.18 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.69 508.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 206.43 508.10 Td (used ) Tj ET Q q 0 0 0 rg BT 228.05 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.11 508.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 269.07 508.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.69 508.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 325.63 508.10 Td (units) Tj ET Q q 0 0 0 rg BT 347.67 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.96 508.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 389.81 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.76 508.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 454.15 508.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.64 508.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 518.19 508.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 554.24 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.45 496.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 122.79 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 143.91 496.10 Td (current ) Tj ET Q q 0 0 0 rg BT 173.91 496.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 201.42 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.54 496.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 229.77 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.78 496.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 270.33 496.10 Td (than ) Tj ET Q q 0 0 0 rg BT 289.23 496.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 334.78 496.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 371.44 496.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 423.65 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.99 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.89 496.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 489.22 496.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 506.46 496.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.92 496.10 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 90.07 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.52 484.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 127.41 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.20 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.54 484.10 Td (share ) Tj ET Q q 0 0 0 rg BT 175.65 484.10 Td (price ) Tj ET Q q 0 0 0 rg BT 197.65 484.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.10 484.10 Td (current ) Tj ET Q q 0 0 0 rg BT 249.43 484.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 274.77 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.44 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.90 484.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 334.13 484.10 Td (period ) Tj ET Q q 0 0 0 rg BT 361.69 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.03 484.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 394.32 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.66 484.10 Td (an ) Tj ET Q q 0 0 0 rg BT 416.11 484.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 450.88 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.67 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.90 484.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 530.63 484.10 Td (W) Tj ET Q q 0 0 0 rg BT 538.96 484.10 Td (ACC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (among ) Tj ET Q q 0 0 0 rg BT 80.09 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.51 472.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 136.08 472.10 Td (could ) Tj ET Q q 0 0 0 rg BT 161.17 472.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 214.03 472.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 244.12 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.32 472.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 309.29 472.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 344.38 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.68 472.10 Td (may ) Tj ET Q q 0 0 0 rg BT 381.77 472.10 Td (result ) Tj ET Q q 0 0 0 rg BT 406.86 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.51 472.10 Td (future ) Tj ET Q q 0 0 0 rg BT 444.26 472.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 482.69 472.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 531.66 472.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.68 472.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 70.00 460.10 Td (if ) Tj ET Q q 0 0 0 rg BT 78.60 460.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 116.92 460.10 Td (could ) Tj ET Q q 0 0 0 rg BT 141.64 460.10 Td (have ) Tj ET Q q 0 0 0 rg BT 163.01 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.95 460.10 Td (material ) Tj ET Q q 0 0 0 rg BT 205.21 460.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 238.25 460.10 Td (ef) Tj ET Q q 0 0 0 rg BT 245.83 460.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 263.32 460.10 Td (on ) Tj ET Q q 0 0 0 rg BT 275.82 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.65 460.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 329.13 460.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 369.40 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.34 460.10 Td (results ) Tj ET Q q 0 0 0 rg BT 414.95 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.78 460.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 99.89 439.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 421.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.32 421.10 Td (test ) Tj ET Q q 0 0 0 rg BT 81.45 421.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 124.80 421.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 159.26 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.94 421.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 218.18 421.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 243.75 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.66 421.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 306.00 421.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.46 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.93 421.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 351.61 421.10 Td (group ) Tj ET Q q 0 0 0 rg BT 377.18 421.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 401.36 421.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.05 421.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.96 421.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 484.19 421.10 Td (based ) Tj ET Q q 0 0 0 rg BT 509.20 421.10 Td (on ) Tj ET Q q 0 0 0 rg BT 521.45 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 421.10 Td (lowest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (level ) Tj ET Q q 0 0 0 rg BT 71.94 409.10 Td (for ) Tj ET Q q 0 0 0 rg BT 86.10 409.10 Td (which ) Tj ET Q q 0 0 0 rg BT 113.05 409.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 161.09 409.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.36 409.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 206.09 409.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.80 409.10 Td (lar) Tj ET Q q 0 0 0 rg BT 231.17 409.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 250.89 409.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 302.27 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.10 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.82 409.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.10 409.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 372.82 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.66 409.10 Td (other ) Tj ET Q q 0 0 0 rg BT 406.71 409.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 436.44 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.27 409.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.11 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.05 409.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 532.27 409.10 Td (For ) Tj ET Q q 0 0 0 rg BT 548.67 409.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 79.42 397.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 119.93 397.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 167.40 397.10 Td (an ) Tj ET Q q 0 0 0 rg BT 180.15 397.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 202.90 397.10 Td (group ) Tj ET Q q 0 0 0 rg BT 229.55 397.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.53 397.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 280.04 397.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 325.01 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.66 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.19 397.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 388.26 397.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 431.01 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.76 397.10 Td (export ) Tj ET Q q 0 0 0 rg BT 477.62 397.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 518.70 397.10 Td (along ) Tj ET Q q 0 0 0 rg BT 544.23 397.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 100.71 385.10 Td (feeder ) Tj ET Q q 0 0 0 rg BT 128.06 385.10 Td (yards. ) Tj ET Q q 0 0 0 rg BT 154.60 385.10 Td (For ) Tj ET Q q 0 0 0 rg BT 170.88 385.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 202.69 385.10 Td (with ) Tj ET Q q 0 0 0 rg BT 222.85 385.10 Td (no ) Tj ET Q q 0 0 0 rg BT 235.23 385.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 277.05 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.87 385.10 Td (export ) Tj ET Q q 0 0 0 rg BT 321.79 385.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 368.33 385.10 Td (each ) Tj ET Q q 0 0 0 rg BT 389.02 385.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 417.50 385.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 457.09 385.10 Td (yard ) Tj ET Q q 0 0 0 rg BT 477.23 385.10 Td (is ) Tj ET Q q 0 0 0 rg BT 486.28 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 498.10 385.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 519.92 385.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 548.13 385.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.17 373.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 84.22 373.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 105.49 373.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 151.48 373.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 190.52 373.10 Td (each ) Tj ET Q q 0 0 0 rg BT 210.67 373.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 229.72 373.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 250.99 373.10 Td (store ) Tj ET Q q 0 0 0 rg BT 272.27 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.77 373.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.04 373.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 313.32 373.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 340.98 373.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 358.37 373.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 378.53 373.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 438.68 373.10 Td (business ) Tj ET Q q 0 0 0 rg BT 474.40 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.91 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.18 373.10 Td (single ) Tj ET Q q 0 0 0 rg BT 514.90 373.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 536.18 373.10 Td (group. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 361.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.21 361.10 Td (test ) Tj ET Q q 0 0 0 rg BT 83.22 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.68 361.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 122.25 361.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 152.60 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.39 361.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 216.61 361.10 Td (when ) Tj ET Q q 0 0 0 rg BT 241.40 361.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 271.73 361.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 314.30 361.10 Td (events ) Tj ET Q q 0 0 0 rg BT 342.97 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.43 361.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 389.77 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.67 361.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 460.44 361.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 495.22 361.10 Td (that ) Tj ET Q q 0 0 0 rg BT 513.35 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 361.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.60 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.88 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.04 349.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 119.42 349.10 Td (group ) Tj ET Q q 0 0 0 rg BT 144.69 349.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.86 349.10 Td (be ) Tj ET Q q 0 0 0 rg BT 175.24 349.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 215.23 349.10 Td (If ) Tj ET Q q 0 0 0 rg BT 223.83 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.99 349.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 273.25 349.10 Td (value ) Tj ET Q q 0 0 0 rg BT 296.85 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.13 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.29 349.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 342.67 349.10 Td (group ) Tj ET Q q 0 0 0 rg BT 367.95 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 376.56 349.10 Td (not ) Tj ET Q q 0 0 0 rg BT 391.29 349.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 439.86 349.10 Td (because ) Tj ET Q q 0 0 0 rg BT 473.45 349.10 Td (it ) Tj ET Q q 0 0 0 rg BT 480.95 349.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 514.54 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.71 349.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.92 337.10 Td (future ) Tj ET Q q 0 0 0 rg BT 87.39 337.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 143.31 337.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 163.67 337.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 188.49 337.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.52 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.33 337.10 Td (use ) Tj ET Q q 0 0 0 rg BT 241.25 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.28 337.10 Td (eventual ) Tj ET Q q 0 0 0 rg BT 294.75 337.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 341.24 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.16 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.97 337.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 389.00 337.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 417.42 337.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.45 337.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 478.14 337.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 496.30 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.56 337.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 552.02 337.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 325.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 97.03 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.65 325.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 147.38 325.10 Td (value ) Tj ET Q q 0 0 0 rg BT 171.44 325.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 205.50 325.10 Td (its ) Tj ET Q q 0 0 0 rg BT 217.35 325.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 233.64 325.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 260.20 325.10 Td (if ) Tj ET Q q 0 0 0 rg BT 268.72 325.10 Td (any) Tj ET Q q 0 0 0 rg BT 282.51 325.10 Td (. ) Tj ET Q q 0 0 0 rg BT 287.24 325.10 Td (The ) Tj ET Q q 0 0 0 rg BT 305.20 325.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 353.71 325.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 371.68 325.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.76 325.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 419.25 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.44 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.07 325.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.58 325.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 513.32 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.06 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 325.10 Td (group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.81 313.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.07 313.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 86.21 313.10 Td (rata ) Tj ET Q q 0 0 0 rg BT 104.01 313.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 126.82 313.10 Td (using ) Tj ET Q q 0 0 0 rg BT 151.31 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.34 313.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 199.13 313.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 235.26 313.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 271.96 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.11 313.10 Td (those ) Tj ET Q q 0 0 0 rg BT 307.03 313.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 335.67 313.10 Td (except ) Tj ET Q q 0 0 0 rg BT 364.58 313.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.39 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.42 313.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 415.80 313.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 454.70 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.29 313.10 Td (an ) Tj ET Q q 0 0 0 rg BT 477.54 313.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 520.91 313.10 Td (long-lived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.80 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.49 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.06 301.10 Td (group ) Tj ET Q q 0 0 0 rg BT 122.75 301.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 143.99 301.10 Td (not ) Tj ET Q q 0 0 0 rg BT 159.13 301.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 188.13 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.71 301.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 238.38 301.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.74 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.43 301.10 Td (that ) Tj ET Q q 0 0 0 rg BT 298.78 301.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 320.58 301.10 Td (below ) Tj ET Q q 0 0 0 rg BT 347.37 301.10 Td (its ) Tj ET Q q 0 0 0 rg BT 359.18 301.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.42 301.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 401.93 301.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 420.40 301.10 Td (value ) Tj ET Q q 0 0 0 rg BT 444.41 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.44 301.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 500.78 301.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 540.35 301.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.19 289.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.27 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.67 289.10 Td (market ) Tj ET Q q 0 0 0 rg BT 132.41 289.10 Td (approaches. ) Tj ET Q q 0 0 0 rg BT 182.85 289.10 Td (During ) Tj ET Q q 0 0 0 rg BT 214.15 289.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 238.78 289.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 264.25 289.10 Td (we ) Tj ET Q q 0 0 0 rg BT 278.88 289.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.83 289.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 329.80 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.69 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.66 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.96 289.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 422.03 289.10 Td (char) Tj ET Q q 0 0 0 rg BT 439.05 289.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 455.35 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 468.32 289.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 512.40 289.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 547.58 289.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.70 277.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.74 277.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 162.55 277.10 Td (with ) Tj ET Q q 0 0 0 rg BT 183.04 277.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.95 277.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 248.43 277.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 277.24 277.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 317.16 277.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.52 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.67 277.10 Td (used ) Tj ET Q q 0 0 0 rg BT 399.71 277.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 419.64 277.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 441.79 277.10 Td (store ) Tj ET Q q 0 0 0 rg BT 463.94 277.10 Td (locations. ) Tj ET Q q 0 0 0 rg BT 505.06 277.10 Td (These ) Tj ET Q q 0 0 0 rg BT 531.65 277.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.67 277.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.50 265.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 100.11 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.18 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.69 265.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 179.76 265.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 225.94 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.56 265.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 282.73 265.10 Td (within ) Tj ET Q q 0 0 0 rg BT 310.58 265.10 Td (other ) Tj ET Q q 0 0 0 rg BT 333.42 265.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 355.16 265.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.55 265.10 Td (char) Tj ET Q q 0 0 0 rg BT 420.57 265.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 438.70 265.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 492.09 265.10 Td (char) Tj ET Q q 0 0 0 rg BT 509.11 265.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 524.74 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 265.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 66.92 253.10 Td (related ) Tj ET Q q 0 0 0 rg BT 96.04 253.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 136.57 253.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.82 253.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 199.85 253.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 245.93 253.10 Td (if ) Tj ET Q q 0 0 0 rg BT 253.96 253.10 Td (related ) Tj ET Q q 0 0 0 rg BT 283.09 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.79 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.15 253.10 Td (component ) Tj ET Q q 0 0 0 rg BT 345.51 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.76 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.90 253.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.71 253.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 453.74 253.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.32 253.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 520.35 253.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 220.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 71.76 220.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 102.24 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.19 220.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 154.91 220.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 198.18 220.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 226.18 220.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 260.55 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.50 220.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 329.30 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 348.69 220.10 Td (merit ) Tj ET Q q 0 0 0 rg BT 371.96 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.56 220.10 Td (change ) Tj ET Q q 0 0 0 rg BT 409.04 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.99 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.37 220.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 473.86 220.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 500.47 220.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 521.52 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 532.02 220.10 Td (salvage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (values ) Tj ET Q q 0 0 0 rg BT 78.36 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.51 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.54 208.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 133.18 208.10 Td (which ) Tj ET Q q 0 0 0 rg BT 160.44 208.10 Td (are ) Tj ET Q q 0 0 0 rg BT 175.46 208.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 218.81 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.28 208.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 289.97 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.56 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.59 208.10 Td (period ) Tj ET Q q 0 0 0 rg BT 343.96 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.10 208.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 388.73 208.10 Td (For ) Tj ET Q q 0 0 0 rg BT 405.44 208.10 Td (such ) Tj ET Q q 0 0 0 rg BT 426.58 208.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 455.23 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.26 208.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 497.51 208.10 Td (life ) Tj ET Q q 0 0 0 rg BT 513.65 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 523.14 208.10 Td (shortened ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.60 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.44 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 101.60 196.10 Td (current ) Tj ET Q q 0 0 0 rg BT 131.75 196.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 154.70 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.31 196.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 196.15 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.31 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.48 196.10 Td (abandon ) Tj ET Q q 0 0 0 rg BT 252.19 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.24 196.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 287.51 196.10 Td (before ) Tj ET Q q 0 0 0 rg BT 314.88 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.94 196.10 Td (end ) Tj ET Q q 0 0 0 rg BT 345.21 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.38 196.10 Td (its ) Tj ET Q q 0 0 0 rg BT 366.66 196.10 Td (original ) Tj ET Q q 0 0 0 rg BT 399.60 196.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 425.87 196.10 Td (life ) Tj ET Q q 0 0 0 rg BT 441.03 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.30 196.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 508.56 196.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.06 196.10 Td (accelerated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.56 184.10 Td (when ) Tj ET Q q 0 0 0 rg BT 116.79 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 134.35 184.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 192.46 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.69 184.10 Td (made. ) Tj ET Q q 0 0 0 rg BT 228.42 184.10 Td (During ) Tj ET Q q 0 0 0 rg BT 259.31 184.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 283.54 184.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 308.60 184.10 Td (we ) Tj ET Q q 0 0 0 rg BT 322.83 184.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 369.26 184.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 416.79 184.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 468.77 184.10 Td (due ) Tj ET Q q 0 0 0 rg BT 485.78 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.12 184.10 Td (shortened ) Tj ET Q q 0 0 0 rg BT 537.57 184.10 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 71.39 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 81.67 172.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 128.04 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.32 172.10 Td (site ) Tj ET Q q 0 0 0 rg BT 164.70 172.10 Td (closures ) Tj ET Q q 0 0 0 rg BT 199.97 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.91 172.10 Td (idled ) Tj ET Q q 0 0 0 rg BT 239.40 172.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 284.12 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.95 172.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 307.45 172.10 Td (million.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (46) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 114.74 742.25 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.58 724.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 95.51 724.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.79 724.25 Td (industries ) Tj ET Q q 0 0 0 rg BT 145.18 724.25 Td (that ) Tj ET Q q 0 0 0 rg BT 161.68 724.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 203.73 724.25 Td (possess ) Tj ET Q q 0 0 0 rg BT 235.23 724.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 294.50 724.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 317.28 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 322.69 724.25 Td (o ) Tj ET Q q 0 0 0 rg BT 329.20 724.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 361.80 724.25 Td (these ) Tj ET Q q 0 0 0 rg BT 383.85 724.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 406.74 724.25 Td (we ) Tj ET Q q 0 0 0 rg BT 419.91 724.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 451.40 724.25 Td (both ) Tj ET Q q 0 0 0 rg BT 470.69 724.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.52 724.25 Td (own ) Tj ET Q q 0 0 0 rg BT 504.25 724.25 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (staf) Tj ET Q q 0 0 0 rg BT 64.26 712.25 Td (f ) Tj ET Q q 0 0 0 rg BT 69.23 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 85.30 712.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 115.83 712.25 Td (consultants. ) Tj ET Q q 0 0 0 rg BT 164.96 712.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 226.03 712.25 Td (staf) Tj ET Q q 0 0 0 rg BT 240.29 712.25 Td (f ) Tj ET Q q 0 0 0 rg BT 245.25 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.33 712.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 292.39 712.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 332.91 712.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 353.98 712.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 391.71 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.13 712.25 Td (discuss ) Tj ET Q q 0 0 0 rg BT 431.66 712.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 491.05 712.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 513.97 712.25 Td (W) Tj ET Q q 0 0 0 rg BT 522.60 712.25 Td (e ) Tj ET Q q 0 0 0 rg BT 528.68 712.25 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.97 700.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 98.07 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 111.82 700.25 Td (known ) Tj ET Q q 0 0 0 rg BT 141.14 700.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 200.99 700.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 250.84 700.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 305.14 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.67 700.25 Td (accrue ) Tj ET Q q 0 0 0 rg BT 349.85 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 363.61 700.25 Td (them ) Tj ET Q q 0 0 0 rg BT 385.70 700.25 Td (on ) Tj ET Q q 0 0 0 rg BT 397.79 700.25 Td (an ) Tj ET Q q 0 0 0 rg BT 409.33 700.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 464.75 700.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 486.84 700.25 Td (when ) Tj ET Q q 0 0 0 rg BT 510.60 700.25 Td (it ) Tj ET Q q 0 0 0 rg BT 518.25 700.25 Td (is ) Tj ET Q q 0 0 0 rg BT 527.01 700.25 Td (probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.48 688.25 Td (we ) Tj ET Q q 0 0 0 rg BT 81.62 688.25 Td (have ) Tj ET Q q 0 0 0 rg BT 102.99 688.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 138.79 688.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.71 688.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 179.30 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.22 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.92 688.25 Td (related ) Tj ET Q q 0 0 0 rg BT 240.61 688.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.10 688.25 Td (can ) Tj ET Q q 0 0 0 rg BT 279.46 688.25 Td (be ) Tj ET Q q 0 0 0 rg BT 291.38 688.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 337.18 688.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 377.98 688.25 Td (but ) Tj ET Q q 0 0 0 rg BT 393.25 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.95 688.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 436.55 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.36 688.25 Td (incurring ) Tj ET Q q 0 0 0 rg BT 486.50 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.20 688.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 542.01 688.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.40 676.25 Td (unknown. ) Tj ET Q q 0 0 0 rg BT 101.65 676.25 Td (The ) Tj ET Q q 0 0 0 rg BT 119.92 676.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 163.74 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.90 676.25 Td (government ) Tj ET Q q 0 0 0 rg BT 231.39 676.25 Td (management ) Tj ET Q q 0 0 0 rg BT 285.21 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.26 676.25 Td (these ) Tj ET Q q 0 0 0 rg BT 319.54 676.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 353.92 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 363.31 676.25 Td (complex, ) Tj ET Q q 0 0 0 rg BT 402.97 676.25 Td (which ) Tj ET Q q 0 0 0 rg BT 430.14 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 439.54 676.25 Td (one ) Tj ET Q q 0 0 0 rg BT 456.70 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.76 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.70 676.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 517.08 676.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 547.01 676.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (make ) Tj ET Q q 0 0 0 rg BT 74.94 664.25 Td (it ) Tj ET Q q 0 0 0 rg BT 83.78 664.25 Td (dif) Tj ET Q q 0 0 0 rg BT 94.71 664.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 119.09 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.16 664.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 157.88 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.38 664.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 192.78 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.39 664.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 242.66 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.39 664.25 Td (future ) Tj ET Q q 0 0 0 rg BT 287.55 664.25 Td (remediation. ) Tj ET Q q 0 0 0 rg BT 340.85 664.25 Td (When ) Tj ET Q q 0 0 0 rg BT 368.01 664.25 Td (only ) Tj ET Q q 0 0 0 rg BT 389.07 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 396.80 664.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 419.52 664.25 Td (range ) Tj ET Q q 0 0 0 rg BT 445.01 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.62 664.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 498.23 664.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 535.40 664.25 Td (can ) Tj ET Q q 0 0 0 rg BT 552.56 664.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 95.90 652.25 Td (established ) Tj ET Q q 0 0 0 rg BT 142.92 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.95 652.25 Td (no ) Tj ET Q q 0 0 0 rg BT 172.54 652.25 Td (other ) Tj ET Q q 0 0 0 rg BT 195.67 652.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 228.26 652.25 Td (within ) Tj ET Q q 0 0 0 rg BT 256.40 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.21 652.25 Td (range ) Tj ET Q q 0 0 0 rg BT 296.00 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 305.26 652.25 Td (better ) Tj ET Q q 0 0 0 rg BT 330.61 652.25 Td (than ) Tj ET Q q 0 0 0 rg BT 350.42 652.25 Td (any ) Tj ET Q q 0 0 0 rg BT 367.44 652.25 Td (other) Tj ET Q q 0 0 0 rg BT 387.59 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 392.68 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.48 652.25 Td (low ) Tj ET Q q 0 0 0 rg BT 425.07 652.25 Td (end ) Tj ET Q q 0 0 0 rg BT 442.09 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.01 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.82 652.25 Td (range ) Tj ET Q q 0 0 0 rg BT 492.61 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 501.87 652.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 539.43 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 652.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.71 640.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 135.15 640.25 Td (If ) Tj ET Q q 0 0 0 rg BT 144.53 640.25 Td (further ) Tj ET Q q 0 0 0 rg BT 174.47 640.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 232.74 640.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.79 640.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 286.52 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.57 640.25 Td (an ) Tj ET Q q 0 0 0 rg BT 309.74 640.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 370.22 640.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 398.49 640.25 Td (result ) Tj ET Q q 0 0 0 rg BT 423.44 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.94 640.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 455.55 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.71 640.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 532.08 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 640.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.55 628.25 Td (dif) Tj ET Q q 0 0 0 rg BT 113.48 628.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 139.35 628.25 Td (than ) Tj ET Q q 0 0 0 rg BT 159.13 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.91 628.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 225.92 628.25 Td (used ) Tj ET Q q 0 0 0 rg BT 246.81 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.14 628.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 291.36 628.25 Td (these ) Tj ET Q q 0 0 0 rg BT 314.47 628.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 356.74 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.52 628.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 402.94 628.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.16 628.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 477.48 628.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 527.80 628.25 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 628.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.44 616.25 Td (understated ) Tj ET Q q 0 0 0 rg BT 140.43 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.66 616.25 Td (overstated.) Tj ET Q q 0 0 0 rg BT 196.21 616.25 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 248.66 616.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.34 616.25 Td (these ) Tj ET Q q 0 0 0 rg BT 280.79 616.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 319.91 616.25 Td (are ) Tj ET Q q 0 0 0 rg BT 334.02 616.25 Td (made ) Tj ET Q q 0 0 0 rg BT 357.57 616.25 Td (when ) Tj ET Q q 0 0 0 rg BT 381.13 616.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 423.02 616.25 Td (information ) Tj ET Q q 0 0 0 rg BT 472.14 616.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 509.02 616.25 Td (available ) Tj ET Q q 0 0 0 rg BT 547.01 616.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 604.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 78.42 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.59 604.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.86 604.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 154.81 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.54 604.25 Td (study ) Tj ET Q q 0 0 0 rg BT 188.16 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 198.45 604.25 Td (remediate ) Tj ET Q q 0 0 0 rg BT 239.82 604.25 Td (any ) Tj ET Q q 0 0 0 rg BT 256.21 604.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 315.92 604.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 341.76 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 352.04 604.25 Td (when ) Tj ET Q q 0 0 0 rg BT 375.66 604.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 428.70 604.25 Td (for ) Tj ET Q q 0 0 0 rg BT 442.31 604.25 Td (which ) Tj ET Q q 0 0 0 rg BT 468.71 604.25 Td (accruals ) Tj ET Q q 0 0 0 rg BT 503.41 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 517.57 604.25 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 592.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 91.18 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.23 592.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 138.94 592.25 Td (we ) Tj ET Q q 0 0 0 rg BT 153.10 592.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 189.47 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.75 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 592.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 262.51 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.45 592.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 335.26 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.09 592.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 406.35 592.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 446.06 592.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 571.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 571.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 155.71 571.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 205.80 571.25 Td (both ) Tj ET Q q 0 0 0 rg BT 226.74 571.25 Td (at ) Tj ET Q q 0 0 0 rg BT 237.11 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.49 571.25 Td (time ) Tj ET Q q 0 0 0 rg BT 273.42 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.80 571.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 323.06 571.25 Td (is ) Tj ET Q q 0 0 0 rg BT 332.89 571.25 Td (established ) Tj ET Q q 0 0 0 rg BT 380.49 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.08 571.25 Td (during ) Tj ET Q q 0 0 0 rg BT 427.35 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.73 571.25 Td (course ) Tj ET Q q 0 0 0 rg BT 471.99 571.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.47 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.85 571.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 553.67 571.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 559.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 172.26 559.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 207.25 559.25 Td (which ) Tj ET Q q 0 0 0 rg BT 234.19 559.25 Td (specify ) Tj ET Q q 0 0 0 rg BT 265.56 559.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 305.83 559.25 Td (for ) Tj ET Q q 0 0 0 rg BT 319.99 559.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 364.68 559.25 Td (remediation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 538.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 172.26 538.25 Td (about ) Tj ET Q q 0 0 0 rg BT 196.98 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.70 538.25 Td (site ) Tj ET Q q 0 0 0 rg BT 228.08 538.25 Td (which ) Tj ET Q q 0 0 0 rg BT 255.02 538.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 292.51 538.25 Td (available ) Tj ET Q q 0 0 0 rg BT 331.10 538.25 Td (as ) Tj ET Q q 0 0 0 rg BT 341.93 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.64 538.25 Td (site ) Tj ET Q q 0 0 0 rg BT 373.03 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 382.20 538.25 Td (studied ) Tj ET Q q 0 0 0 rg BT 413.59 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.53 538.25 Td (remediated;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 517.25 Td (The ) Tj ET Q q 0 0 0 rg BT 141.23 517.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 193.78 517.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 235.23 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.24 517.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 275.36 517.25 Td (level ) Tj ET Q q 0 0 0 rg BT 298.47 517.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 332.69 517.25 Td (staf) Tj ET Q q 0 0 0 rg BT 346.95 517.25 Td (f, ) Tj ET Q q 0 0 0 rg BT 356.46 517.25 Td (who ) Tj ET Q q 0 0 0 rg BT 377.35 517.25 Td (take ) Tj ET Q q 0 0 0 rg BT 397.69 517.25 Td (into ) Tj ET Q q 0 0 0 rg BT 416.92 517.25 Td (account ) Tj ET Q q 0 0 0 rg BT 451.70 517.25 Td (similar) Tj ET Q q 0 0 0 rg BT 479.07 517.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.25 517.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 513.35 517.25 Td (instances ) Tj ET Q q 0 0 0 rg BT 553.68 517.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 505.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 182.26 505.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 232.52 505.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 261.41 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.35 505.25 Td (studies ) Tj ET Q q 0 0 0 rg BT 308.63 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.46 505.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.29 505.25 Td (sites, ) Tj ET Q q 0 0 0 rg BT 358.06 505.25 Td (among ) Tj ET Q q 0 0 0 rg BT 387.78 505.25 Td (other ) Tj ET Q q 0 0 0 rg BT 410.83 505.25 Td (considerations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 484.25 Td (A) Tj ET Q q 0 0 0 rg BT 128.48 484.25 Td (vailable ) Tj ET Q q 0 0 0 rg BT 162.63 484.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 215.67 484.25 Td (that ) Tj ET Q q 0 0 0 rg BT 233.17 484.25 Td (can ) Tj ET Q q 0 0 0 rg BT 249.54 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 261.48 484.25 Td (used ) Tj ET Q q 0 0 0 rg BT 282.31 484.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.47 484.25 Td (remediation; ) Tj ET Q q 0 0 0 rg BT 349.51 484.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 463.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 463.25 Td (The ) Tj ET Q q 0 0 0 rg BT 139.59 463.25 Td (number ) Tj ET Q q 0 0 0 rg BT 172.19 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.67 463.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.70 463.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 265.52 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.89 463.25 Td (other ) Tj ET Q q 0 0 0 rg BT 298.48 463.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 343.30 463.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 390.89 463.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 419.59 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.08 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.34 463.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 476.82 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.20 463.25 Td (their ) Tj ET Q q 0 0 0 rg BT 507.57 463.25 Td (responsibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 451.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.16 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.88 451.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 173.38 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.21 451.25 Td (study ) Tj ET Q q 0 0 0 rg BT 208.38 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.32 451.25 Td (remediation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.17 430.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 101.88 430.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 162.25 430.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 202.09 430.25 Td (as ) Tj ET Q q 0 0 0 rg BT 213.04 430.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.41 430.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 269.92 430.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.92 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.54 430.25 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 430.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 342.21 430.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.11 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.73 430.25 Td (related ) Tj ET Q q 0 0 0 rg BT 403.55 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.95 430.25 Td (third ) Tj ET Q q 0 0 0 rg BT 435.45 430.25 Td (party ) Tj ET Q q 0 0 0 rg BT 458.62 430.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 512.90 430.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 535.52 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 430.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 86.02 418.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 116.47 418.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 160.26 418.25 Td (site. ) Tj ET Q q 0 0 0 rg BT 178.78 418.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 214.23 418.25 Td (there ) Tj ET Q q 0 0 0 rg BT 236.34 418.25 Td (has ) Tj ET Q q 0 0 0 rg BT 251.80 418.25 Td (not ) Tj ET Q q 0 0 0 rg BT 266.71 418.25 Td (been ) Tj ET Q q 0 0 0 rg BT 287.72 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.29 418.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 351.96 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.42 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.77 418.25 Td (total ) Tj ET Q q 0 0 0 rg BT 396.67 418.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 414.91 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.38 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.72 418.25 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 499.91 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.26 418.25 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.33 406.25 Td (will ) Tj ET Q q 0 0 0 rg BT 85.23 406.25 Td (be ) Tj ET Q q 0 0 0 rg BT 97.00 406.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 135.16 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.71 406.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 182.04 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.71 406.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 222.81 406.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 259.02 406.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 296.34 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 307.01 406.25 Td (how ) Tj ET Q q 0 0 0 rg BT 326.57 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.13 406.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 363.46 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.13 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.69 406.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 423.80 406.25 Td (investigations ) Tj ET Q q 0 0 0 rg BT 481.69 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.47 406.25 Td (any ) Tj ET Q q 0 0 0 rg BT 515.24 406.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 547.57 406.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.63 394.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 117.37 394.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 155.23 394.25 Td (will ) Tj ET Q q 0 0 0 rg BT 173.66 394.25 Td (be ) Tj ET Q q 0 0 0 rg BT 185.97 394.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 224.93 394.25 Td (among ) Tj ET Q q 0 0 0 rg BT 255.01 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.10 394.25 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 297.16 394.25 Td (we ) Tj ET Q q 0 0 0 rg BT 311.69 394.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 343.43 394.25 Td (it ) Tj ET Q q 0 0 0 rg BT 351.86 394.25 Td (is ) Tj ET Q q 0 0 0 rg BT 361.40 394.25 Td (not ) Tj ET Q q 0 0 0 rg BT 377.05 394.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 412.70 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.35 394.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 469.54 394.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 505.73 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.82 394.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.68 394.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (range ) Tj ET Q q 0 0 0 rg BT 74.84 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.81 382.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.44 382.25 Td (which ) Tj ET Q q 0 0 0 rg BT 135.51 382.25 Td (it ) Tj ET Q q 0 0 0 rg BT 143.70 382.25 Td (is ) Tj ET Q q 0 0 0 rg BT 153.01 382.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 178.42 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 189.38 382.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 235.33 382.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 270.74 382.25 Td (that ) Tj ET Q q 0 0 0 rg BT 288.37 382.25 Td (we ) Tj ET Q q 0 0 0 rg BT 302.67 382.25 Td (may ) Tj ET Q q 0 0 0 rg BT 322.52 382.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 345.70 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.11 382.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 402.62 382.25 Td (with ) Tj ET Q q 0 0 0 rg BT 423.03 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.88 382.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 458.57 382.25 Td (although ) Tj ET Q q 0 0 0 rg BT 496.20 382.25 Td (such ) Tj ET Q q 0 0 0 rg BT 517.17 382.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 539.80 382.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (be ) Tj ET Q q 0 0 0 rg BT 62.04 370.25 Td (material ) Tj ET Q q 0 0 0 rg BT 97.41 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.79 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 123.72 370.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.31 370.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 198.64 370.25 Td (results ) Tj ET Q q 0 0 0 rg BT 227.35 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.28 370.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 285.04 370.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.42 370.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.24 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.28 370.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 380.53 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 385.44 370.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 429.96 370.25 Td (no ) Tj ET Q q 0 0 0 rg BT 442.56 370.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 485.16 370.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 521.65 370.25 Td (have ) Tj ET Q q 0 0 0 rg BT 543.13 370.25 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (accrued. ) Tj ET Q q 0 0 0 rg BT 87.16 358.25 Td (See ) Tj ET Q q 0 0 0 rg BT 105.17 358.25 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 165.95 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.52 358.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 237.52 358.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.87 358.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 271.88 358.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.88 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.45 358.25 Td ( ) Tj ET Q q 0 0 0 rg BT 289.03 358.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 349.27 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.28 358.25 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 428.06 358.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.41 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.20 358.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 482.10 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.45 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.24 358.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.71 346.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 136.09 346.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.37 346.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 164.98 346.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 176.64 346.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 204.97 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.80 346.25 Td (this ) Tj ET Q q 0 0 0 rg BT 232.74 346.25 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.99 307.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 114.87 307.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 154.52 307.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 184.74 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.51 307.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 237.38 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.26 307.25 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 306.13 307.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 329.67 307.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 354.33 307.25 Td (\(ferrous, ) Tj ET Q q 0 0 0 rg BT 390.92 307.25 Td (nonferrous, ) Tj ET Q q 0 0 0 rg BT 439.18 307.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.06 307.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 501.82 307.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 543.68 307.25 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (product ) Tj ET Q q 0 0 0 rg BT 83.37 295.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 113.41 295.25 Td (from ) Tj ET Q q 0 0 0 rg BT 135.67 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.70 295.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 211.84 295.25 Td (process\), ) Tj ET Q q 0 0 0 rg BT 250.48 295.25 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 307.73 295.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 328.88 295.25 Td (products ) Tj ET Q q 0 0 0 rg BT 366.14 295.25 Td (\(billets\), ) Tj ET Q q 0 0 0 rg BT 402.56 295.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 437.60 295.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 458.75 295.25 Td (products ) Tj ET Q q 0 0 0 rg BT 496.01 295.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 539.37 295.25 Td (rebar) Tj ET Q q 0 0 0 rg BT 559.51 295.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 90.04 283.25 Td (bar ) Tj ET Q q 0 0 0 rg BT 105.64 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.91 283.25 Td (wire ) Tj ET Q q 0 0 0 rg BT 143.52 283.25 Td (rod\) ) Tj ET Q q 0 0 0 rg BT 163.01 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.28 283.25 Td (used ) Tj ET Q q 0 0 0 rg BT 201.45 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.72 283.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 256.54 283.25 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 294.64 283.25 Td (which ) Tj ET Q q 0 0 0 rg BT 321.91 283.25 Td (are ) Tj ET Q q 0 0 0 rg BT 336.95 283.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 373.10 283.25 Td (within ) Tj ET Q q 0 0 0 rg BT 401.49 283.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 436.55 283.25 Td (goods. ) Tj ET Q q 0 0 0 rg BT 465.77 283.25 Td (Inventories ) Tj ET Q q 0 0 0 rg BT 513.59 283.25 Td (are ) Tj ET Q q 0 0 0 rg BT 528.63 283.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 554.79 283.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.83 271.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 90.21 271.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.15 271.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 119.86 271.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.80 271.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 163.49 271.25 Td (W) Tj ET Q q 0 0 0 rg BT 172.13 271.25 Td (e ) Tj ET Q q 0 0 0 rg BT 179.17 271.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 215.66 271.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 256.59 271.25 Td (future ) Tj ET Q q 0 0 0 rg BT 283.08 271.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 312.35 271.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 338.84 271.25 Td (when ) Tj ET Q q 0 0 0 rg BT 363.11 271.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 414.04 271.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.87 271.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 469.80 271.25 Td (net ) Tj ET Q q 0 0 0 rg BT 484.62 271.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 526.09 271.25 Td (value ) Tj ET Q q 0 0 0 rg BT 550.36 271.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.96 259.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 103.63 259.25 Td (. ) Tj ET Q q 0 0 0 rg BT 108.18 259.25 Td (As ) Tj ET Q q 0 0 0 rg BT 121.34 259.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 146.75 259.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 186.58 259.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 206.99 259.25 Td (its ) Tj ET Q q 0 0 0 rg BT 219.06 259.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 255.55 259.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 286.50 259.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 311.34 259.25 Td (under ) Tj ET Q q 0 0 0 rg BT 336.73 259.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 375.45 259.25 Td (that ) Tj ET Q q 0 0 0 rg BT 393.07 259.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 426.25 259.25 Td (for ) Tj ET Q q 0 0 0 rg BT 440.54 259.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 479.83 259.25 Td (within ) Tj ET Q q 0 0 0 rg BT 508.01 259.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 520.64 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.04 259.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 543.67 259.25 Td (days ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (after ) Tj ET Q q 0 0 0 rg BT 71.22 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.35 247.25 Td (price ) Tj ET Q q 0 0 0 rg BT 109.24 247.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.82 247.25 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 150.87 247.25 Td (we ) Tj ET Q q 0 0 0 rg BT 165.44 247.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 193.34 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.46 247.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 238.03 247.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 264.82 247.25 Td (under ) Tj ET Q q 0 0 0 rg BT 290.50 247.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 336.17 247.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 375.17 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.52 247.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 414.87 247.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 442.76 247.25 Td (for ) Tj ET Q q 0 0 0 rg BT 457.33 247.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 508.56 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 247.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.26 235.25 Td (price ) Tj ET Q q 0 0 0 rg BT 102.75 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.58 235.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 154.96 235.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.46 235.25 Td (hand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.23 214.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 116.78 214.25 Td (process ) Tj ET Q q 0 0 0 rg BT 150.45 214.25 Td (we ) Tj ET Q q 0 0 0 rg BT 165.79 214.25 Td (use ) Tj ET Q q 0 0 0 rg BT 182.80 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.25 214.25 Td (record ) Tj ET Q q 0 0 0 rg BT 223.47 214.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 249.36 214.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 291.92 214.25 Td (relies ) Tj ET Q q 0 0 0 rg BT 317.26 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 330.94 214.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.83 214.25 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 419.95 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 428.99 214.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 443.23 214.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 475.22 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.68 214.25 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 539.79 214.25 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 87.68 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 92.63 202.25 Td (we ) Tj ET Q q 0 0 0 rg BT 106.74 202.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 124.73 202.25 Td (on ) Tj ET Q q 0 0 0 rg BT 137.18 202.25 Td (weighed ) Tj ET Q q 0 0 0 rg BT 173.51 202.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 214.84 202.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.29 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.95 202.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 281.04 202.25 Td (by ) Tj ET Q q 0 0 0 rg BT 293.49 202.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 334.26 202.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 370.60 202.25 Td (that ) Tj ET Q q 0 0 0 rg BT 388.04 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 402.70 202.25 Td (moved ) Tj ET Q q 0 0 0 rg BT 432.37 202.25 Td (into ) Tj ET Q q 0 0 0 rg BT 450.38 202.25 Td (production. ) Tj ET Q q 0 0 0 rg BT 498.47 202.25 Td (These ) Tj ET Q q 0 0 0 rg BT 524.80 202.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 76.78 190.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 116.89 190.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 159.76 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.99 190.25 Td (yields ) Tj ET Q q 0 0 0 rg BT 201.66 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 218.45 190.25 Td (are ) Tj ET Q q 0 0 0 rg BT 232.44 190.25 Td (based ) Tj ET Q q 0 0 0 rg BT 257.00 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.79 190.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 307.79 190.25 Td (trends. ) Tj ET Q q 0 0 0 rg BT 336.52 190.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 358.29 190.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 380.36 190.25 Td (these ) Tj ET Q q 0 0 0 rg BT 402.69 190.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 441.69 190.25 Td (are ) Tj ET Q q 0 0 0 rg BT 455.69 190.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 500.79 190.25 Td (good ) Tj ET Q q 0 0 0 rg BT 522.58 190.25 Td (indicators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.23 178.25 Td (what ) Tj ET Q q 0 0 0 rg BT 83.57 178.25 Td (is ) Tj ET Q q 0 0 0 rg BT 93.14 178.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 136.59 178.25 Td (produced; ) Tj ET Q q 0 0 0 rg BT 179.48 178.25 Td (however) Tj ET Q q 0 0 0 rg BT 213.51 178.25 Td (, ) Tj ET Q q 0 0 0 rg BT 218.91 178.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 245.68 178.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 289.67 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.01 178.25 Td (yields ) Tj ET Q q 0 0 0 rg BT 333.80 178.25 Td (can ) Tj ET Q q 0 0 0 rg BT 350.58 178.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 371.25 178.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 415.81 178.25 Td (on ) Tj ET Q q 0 0 0 rg BT 428.71 178.25 Td (product ) Tj ET Q q 0 0 0 rg BT 462.16 178.25 Td (quality) Tj ET Q q 0 0 0 rg BT 489.28 178.25 Td (, ) Tj ET Q q 0 0 0 rg BT 494.68 178.25 Td (moisture ) Tj ET Q q 0 0 0 rg BT 532.58 178.25 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.96 166.25 Td (source ) Tj ET Q q 0 0 0 rg BT 95.58 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.44 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.18 166.25 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 173.13 166.25 Td (metal. ) Tj ET Q q 0 0 0 rg BT 200.37 166.25 Td (If ) Tj ET Q q 0 0 0 rg BT 209.55 166.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 244.84 166.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 288.45 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.41 166.25 Td (yields ) Tj ET Q q 0 0 0 rg BT 331.82 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 346.55 166.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 399.06 166.25 Td (dif) Tj ET Q q 0 0 0 rg BT 409.99 166.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 435.83 166.25 Td (than ) Tj ET Q q 0 0 0 rg BT 455.57 166.25 Td (estimated, ) Tj ET Q q 0 0 0 rg BT 498.92 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.66 166.25 Td (value ) Tj ET Q q 0 0 0 rg BT 537.83 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.69 166.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 89.71 154.25 Td (could ) Tj ET Q q 0 0 0 rg BT 113.31 154.25 Td (be ) Tj ET Q q 0 0 0 rg BT 124.13 154.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 166.05 154.25 Td (overstated ) Tj ET Q q 0 0 0 rg BT 208.53 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 218.24 154.25 Td (understated. ) Tj ET Q q 0 0 0 rg BT 268.12 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 273.53 154.25 Td (o ) Tj ET Q q 0 0 0 rg BT 279.91 154.25 Td (assist ) Tj ET Q q 0 0 0 rg BT 302.96 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.13 154.25 Td (validating ) Tj ET Q q 0 0 0 rg BT 353.50 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.10 154.25 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 428.46 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.17 154.25 Td (these ) Tj ET Q q 0 0 0 rg BT 460.10 154.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 501.20 154.25 Td (we ) Tj ET Q q 0 0 0 rg BT 514.24 154.25 Td (periodically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (review ) Tj ET Q q 0 0 0 rg BT 79.78 142.25 Td (shrink ) Tj ET Q q 0 0 0 rg BT 107.36 142.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 137.15 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.16 142.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 188.95 142.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 224.86 142.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 260.76 142.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 301.66 142.25 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 343.95 142.25 Td (However) Tj ET Q q 0 0 0 rg BT 380.20 142.25 Td (, ) Tj ET Q q 0 0 0 rg BT 385.28 142.25 Td (due ) Tj ET Q q 0 0 0 rg BT 402.29 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.65 142.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 454.66 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.02 142.25 Td (product ) Tj ET Q q 0 0 0 rg BT 498.14 142.25 Td (density) Tj ET Q q 0 0 0 rg BT 526.38 142.25 Td (, ) Tj ET Q q 0 0 0 rg BT 531.45 142.25 Td (holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.59 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.08 130.25 Td (production ) Tj ET Q q 0 0 0 rg BT 139.45 130.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 179.81 130.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 211.85 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.67 130.25 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 273.69 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.95 130.25 Td (product, ) Tj ET Q q 0 0 0 rg BT 323.05 130.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 358.42 130.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 404.90 130.25 Td (will ) Tj ET Q q 0 0 0 rg BT 422.50 130.25 Td (not ) Tj ET Q q 0 0 0 rg BT 437.32 130.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 483.79 130.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 509.71 130.25 Td (all ) Tj ET Q q 0 0 0 rg BT 521.75 130.25 Td (variances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 118.25 Td (o ) Tj ET Q q 0 0 0 rg BT 62.73 118.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 97.81 118.25 Td (this ) Tj ET Q q 0 0 0 rg BT 114.58 118.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 134.39 118.25 Td (we ) Tj ET Q q 0 0 0 rg BT 148.37 118.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 174.58 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.11 118.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 219.75 118.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 255.39 118.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 302.14 118.25 Td (when ) Tj ET Q q 0 0 0 rg BT 326.12 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.65 118.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 372.96 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 390.36 118.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 438.23 118.25 Td (is ) Tj ET Q q 0 0 0 rg BT 447.22 118.25 Td (low ) Tj ET Q q 0 0 0 rg BT 464.54 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.29 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.05 118.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 523.69 118.25 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (count ) Tj ET Q q 0 0 0 rg BT 74.72 106.25 Td (can ) Tj ET Q q 0 0 0 rg BT 91.09 106.25 Td (more ) Tj ET Q q 0 0 0 rg BT 114.14 106.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 157.72 106.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 193.54 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.26 106.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 251.30 106.25 Td (volume.) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (47) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.92 721.25 Td (a ) Tj ET Q q 0 0 0 rg BT 65.94 721.25 Td (business ) Tj ET Q q 0 0 0 rg BT 101.42 721.25 Td (combination, ) Tj ET Q q 0 0 0 rg BT 155.49 721.25 Td (we ) Tj ET Q q 0 0 0 rg BT 168.74 721.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 209.19 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.99 721.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.91 721.25 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 286.42 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.22 721.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 339.02 721.25 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 377.55 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.57 721.25 Td (any ) Tj ET Q q 0 0 0 rg BT 409.60 721.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 470.06 721.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 504.97 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.34 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.14 721.25 Td (acquiree ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (at ) Tj ET Q q 0 0 0 rg BT 59.69 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.37 709.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 120.72 709.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 142.35 709.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 183.13 709.25 Td (at ) Tj ET Q q 0 0 0 rg BT 192.82 709.25 Td (their ) Tj ET Q q 0 0 0 rg BT 213.62 709.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 229.96 709.25 Td (values ) Tj ET Q q 0 0 0 rg BT 257.98 709.25 Td (as ) Tj ET Q q 0 0 0 rg BT 268.78 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.58 709.25 Td (that ) Tj ET Q q 0 0 0 rg BT 297.04 709.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 318.67 709.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 358.34 709.25 Td (using ) Tj ET Q q 0 0 0 rg BT 382.48 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 389.39 709.25 Td (market-based ) Tj ET Q q 0 0 0 rg BT 445.72 709.25 Td (income ) Tj ET Q q 0 0 0 rg BT 477.62 709.25 Td (approach. ) Tj ET Q q 0 0 0 rg BT 519.24 709.25 Td (Measuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.03 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.17 697.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 133.09 697.25 Td (at ) Tj ET Q q 0 0 0 rg BT 143.00 697.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 159.58 697.25 Td (value ) Tj ET Q q 0 0 0 rg BT 183.94 697.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 218.84 697.25 Td (us ) Tj ET Q q 0 0 0 rg BT 230.43 697.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.91 697.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 283.59 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.51 697.25 Td (price ) Tj ET Q q 0 0 0 rg BT 321.20 697.25 Td (that ) Tj ET Q q 0 0 0 rg BT 338.89 697.25 Td (would ) Tj ET Q q 0 0 0 rg BT 366.59 697.25 Td (be ) Tj ET Q q 0 0 0 rg BT 378.73 697.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 398.65 697.25 Td (by ) Tj ET Q q 0 0 0 rg BT 411.35 697.25 Td (a ) Tj ET Q q 0 0 0 rg BT 418.49 697.25 Td (third ) Tj ET Q q 0 0 0 rg BT 440.07 697.25 Td (party ) Tj ET 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661.25 Td (best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (use ) Tj ET Q q 0 0 0 rg BT 65.83 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 76.66 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.38 649.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.21 649.25 Td (or ) Tj ET Q q 0 0 0 rg BT 128.04 649.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 163.86 649.25 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 202.73 649.25 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 251.90 649.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 274.40 649.25 Td (are ) Tj ET Q q 0 0 0 rg BT 289.11 649.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 328.81 649.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.64 649.25 Td (incurred.) 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(shipment. ) Tj ET Q q 0 0 0 rg BT 381.98 562.25 Td (All ) Tj ET Q q 0 0 0 rg BT 396.92 562.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 418.51 562.25 Td (made ) Tj ET Q q 0 0 0 rg BT 442.33 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 454.48 562.25 Td (open ) Tj ET Q q 0 0 0 rg BT 476.08 562.25 Td (account ) Tj ET Q q 0 0 0 rg BT 509.33 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.69 562.25 Td (evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.24 550.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 115.36 550.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 136.38 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.74 550.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 178.97 550.25 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 228.24 550.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 278.15 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 282.23 550.25 Td (when ) Tj ET Q q 0 0 0 rg BT 305.47 550.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 338.70 550.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 383.61 550.25 Td 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ET Q q 0 0 0 rg BT 426.44 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 438.78 538.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 475.00 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.23 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.34 538.25 Td (product ) Tj ET Q q 0 0 0 rg BT 534.79 538.25 Td (weight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 87.45 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.69 526.25 Td (any ) Tj ET Q q 0 0 0 rg BT 114.58 526.25 Td (partial ) Tj ET Q q 0 0 0 rg BT 142.58 526.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 185.59 526.25 Td (at ) Tj ET Q q 0 0 0 rg BT 195.26 526.25 Td (period ) Tj ET Q q 0 0 0 rg BT 223.27 526.25 Td (end. ) Tj ET Q q 0 0 0 rg BT 242.66 526.25 Td (Retail ) Tj ET Q q 0 0 0 rg BT 269.00 526.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 306.99 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 321.66 526.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 367.97 526.25 Td (when ) Tj ET Q q 0 0 0 rg BT 392.09 526.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 435.09 526.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 451.99 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 466.10 526.25 Td (parts. ) Tj ET Q q 0 0 0 rg BT 490.50 526.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 537.06 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.02 526.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.87 514.25 Td (been ) Tj ET Q q 0 0 0 rg BT 91.73 514.25 Td (very ) Tj ET Q q 0 0 0 rg BT 111.49 514.25 Td (few ) Tj ET Q q 0 0 0 rg BT 128.47 514.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 149.90 514.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 179.65 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.08 514.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 245.84 514.25 Td (that ) Tj ET Q q 0 0 0 rg BT 262.83 514.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 292.03 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.23 514.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 340.99 514.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 382.41 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.73 514.25 Td (revenues; ) Tj ET Q q 0 0 0 rg BT 433.03 514.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 473.60 514.25 Td (no ) Tj ET Q q 0 0 0 rg BT 485.59 514.25 Td (material ) Tj ET Q q 0 0 0 rg BT 520.34 514.25 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.12 502.25 Td (been ) Tj ET Q q 0 0 0 rg BT 92.24 502.25 Td (made ) Tj ET Q q 0 0 0 rg BT 116.14 502.25 Td (when ) Tj ET Q q 0 0 0 rg BT 140.05 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.51 502.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 172.30 502.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.22 502.25 Td (recognized.) Tj ET Q q 0 0 0 rg BT 229.90 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 238.54 502.25 Td (e ) Tj ET Q q 0 0 0 rg BT 245.22 502.25 Td (present ) Tj ET Q q 0 0 0 rg BT 276.34 502.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 299.14 502.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 335.26 502.25 Td (by ) Tj ET Q q 0 0 0 rg BT 347.51 502.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 404.73 502.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 449.19 502.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 487.52 502.25 Td (from ) Tj ET Q q 0 0 0 rg BT 509.21 502.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 552.00 502.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.80 490.25 Td (net ) Tj ET Q q 0 0 0 rg BT 71.38 490.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 96.07 490.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 140.34 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.92 490.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 177.83 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.40 490.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 230.85 490.25 Td (from ) Tj ET Q q 0 0 0 rg BT 252.65 490.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 286.66 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.46 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 318.02 490.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 346.50 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 357.19 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.99 490.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 397.46 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.82 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.51 490.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 480.64 490.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 515.21 490.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 543.67 490.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (remitted. ) Tj ET Q q 0 0 0 rg BT 88.32 478.25 Td (See ) Tj ET Q q 0 0 0 rg BT 105.26 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.98 478.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 164.15 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 176.65 478.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 201.91 478.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 219.41 478.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 260.78 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.06 478.25 Td (Item7A) Tj ET Q q 0 0 0 rg BT 303.55 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.05 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.88 478.25 Td (this ) Tj ET Q q 0 0 0 rg BT 333.83 478.25 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.89 457.25 Td (Accounting Standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.34 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.23 436.25 Td (description ) Tj ET Q q 0 0 0 rg BT 120.11 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.89 436.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 157.77 436.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 204.09 436.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 272.63 436.25 Td (that ) Tj ET Q q 0 0 0 rg BT 290.08 436.25 Td (may ) Tj ET Q q 0 0 0 rg BT 309.75 436.25 Td (have ) Tj ET Q q 0 0 0 rg BT 331.07 436.25 Td (an ) Tj ET Q q 0 0 0 rg BT 342.96 436.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 372.63 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.08 436.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.86 436.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.29 436.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 481.01 436.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.57 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 436.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.74 424.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 80.92 424.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 108.05 424.25 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.23 424.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 145.08 424.25 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.08 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.49 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.90 424.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 189.54 424.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 238.60 424.25 Td (Pronouncements ) Tj ET Q q 0 0 0 rg BT 307.67 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.85 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.48 424.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 358.22 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.41 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.04 424.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 438.22 424.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.84 424.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 524.13 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.32 424.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 552.84 424.25 Td (II, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 78.33 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.16 412.25 Td (this ) Tj ET Q q 0 0 0 rg BT 106.10 412.25 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.39 388.25 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 175.98 388.25 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 367.25 Td (Debt, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 73.91 349.25 Td (net ) Tj ET Q q 0 0 0 rg BT 88.60 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.40 349.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.65 349.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.79 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.48 349.25 Td (dif) Tj ET Q q 0 0 0 rg BT 154.41 349.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 186.29 349.25 Td (between ) Tj ET Q q 0 0 0 rg BT 222.08 349.25 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 248.71 349.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 267.85 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.66 349.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 320.56 349.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 340.25 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.17 349.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 401.29 349.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 449.32 349.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 469.84 349.25 Td (total ) Tj ET Q q 0 0 0 rg BT 490.09 349.25 Td (debt\) ) Tj ET Q q 0 0 0 rg BT 513.11 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.02 349.25 Td (\(ii\)cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.19 337.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.20 337.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 136.33 337.25 Td (W) Tj ET Q q 0 0 0 rg BT 144.97 337.25 Td (e ) Tj ET Q q 0 0 0 rg BT 151.65 337.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 182.77 337.25 Td (that ) Tj ET Q q 0 0 0 rg BT 200.02 337.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 221.98 337.25 Td (net ) Tj ET Q q 0 0 0 rg BT 236.44 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.02 337.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.04 337.25 Td (is ) Tj ET Q q 0 0 0 rg BT 275.96 337.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.64 337.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 309.33 337.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 344.89 337.25 Td (for ) Tj ET Q q 0 0 0 rg BT 358.80 337.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 397.15 337.25 Td (because, ) Tj ET Q q 0 0 0 rg BT 433.55 337.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.12 337.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 464.14 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.83 337.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 500.84 337.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 548.63 337.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 325.25 Td (used, ) Tj ET Q q 0 0 0 rg BT 84.77 325.25 Td (among ) Tj ET Q q 0 0 0 rg BT 114.49 325.25 Td (other ) Tj ET Q q 0 0 0 rg BT 137.53 325.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 166.98 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.26 325.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 201.97 325.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 258.62 325.25 Td (netting ) Tj ET Q q 0 0 0 rg BT 288.89 325.25 Td (this ) Tj ET Q q 0 0 0 rg BT 305.84 325.25 Td (against ) Tj ET Q q 0 0 0 rg BT 336.67 325.25 Td (total ) Tj ET Q q 0 0 0 rg BT 356.94 325.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 376.66 325.25 Td (is ) Tj ET Q q 0 0 0 rg BT 385.83 325.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.77 325.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 419.71 325.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 455.52 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.35 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 482.18 325.25 Td (leverage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 304.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 304.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.10 304.25 Td (a ) Tj ET Q q 0 0 0 rg BT 125.04 304.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 182.52 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.35 304.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 215.56 304.25 Td (net ) Tj ET Q q 0 0 0 rg BT 230.28 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.11 304.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.38 304.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 274.99 304.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 279.75 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 279.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 279.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 279.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 279.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 279.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 249.75 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 249.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 249.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 249.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 249.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 249.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 219.75 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 219.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 219.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 219.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 219.75 75.00 -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 329 279.75 m 404 279.75 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 483 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 279.75 m 562 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 279.75 m 404 279.75 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 483 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 279.75 m 562 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 249.75 m 404 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 249.75 m 483 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 249.75 m 562 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 219.75 m 404 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 219.75 m 483 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 219.75 m 562 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 219.75 m 404 219.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329 204.75 m 404 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 219.75 m 483 219.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 408 204.75 m 483 204.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 204.75 m 562 204.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.95 284.43 Td (August 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.95 284.43 Td (August 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.95 284.43 Td (August 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 270.32 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.50 269.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 269.42 Td (8,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 269.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 269.42 Td (584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 269.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 269.42 Td (523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 255.32 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 254.42 Td (184,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 254.42 Td (227,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 254.42 Td (318,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 240.32 Td (Total debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 239.42 Td (192,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 239.42 Td (228,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 239.42 Td (319,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 225.32 Td (Less: cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 224.42 Td (26,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 224.42 Td (22,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 224.42 Td (25,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 210.32 Td (Total debt, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.50 209.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 209.42 Td (165,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 209.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 209.42 Td (205,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 209.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 209.42 Td (293,693) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 32.40 Td (48) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 32.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 32.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 735.75 Td (Net borrowings \(repayment\) of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 717.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.26 717.75 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 114.14 717.75 Td (\(repayment\) ) Tj ET Q q 0 0 0 rg BT 165.33 717.75 Td (of ) Tj ET Q q 0 0 0 rg BT 175.99 717.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 195.53 717.75 Td (is ) Tj ET Q q 0 0 0 rg BT 204.52 717.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.07 717.75 Td (sum ) Tj ET Q q 0 0 0 rg BT 238.06 717.75 Td (ofborrowings ) Tj ET Q q 0 0 0 rg BT 296.77 717.75 Td (from ) Tj ET Q q 0 0 0 rg BT 318.53 717.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 360.29 717.75 Td (debt, ) Tj ET Q q 0 0 0 rg BT 382.33 717.75 Td (repayments ) Tj ET Q q 0 0 0 rg BT 430.75 717.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.41 717.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 483.17 717.75 Td (debt, ) Tj ET Q q 0 0 0 rg BT 505.21 717.75 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 543.07 717.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 705.75 Td (line ) Tj ET Q q 0 0 0 rg BT 67.24 705.75 Td (of ) Tj ET Q q 0 0 0 rg BT 78.31 705.75 Td (credit, ) Tj ET Q q 0 0 0 rg BT 106.31 705.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.49 705.75 Td (repayment ) Tj ET Q q 0 0 0 rg BT 168.43 705.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.50 705.75 Td (line ) Tj ET Q q 0 0 0 rg BT 197.24 705.75 Td (of ) Tj ET Q q 0 0 0 rg BT 208.31 705.75 Td (credit. ) Tj ET Q q 0 0 0 rg BT 236.12 705.75 Td (W) Tj ET Q q 0 0 0 rg BT 244.75 705.75 Td (e ) Tj ET Q q 0 0 0 rg BT 251.93 705.75 Td (present ) Tj ET Q q 0 0 0 rg BT 283.55 705.75 Td (this ) Tj ET Q q 0 0 0 rg BT 300.74 705.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 333.48 705.75 Td (as ) Tj ET Q q 0 0 0 rg BT 344.55 705.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.50 705.75 Td (net ) Tj ET Q q 0 0 0 rg BT 374.46 705.75 Td (change ) Tj ET Q q 0 0 0 rg BT 405.52 705.75 Td (in ) Tj ET Q q 0 0 0 rg BT 416.04 705.75 Td (our ) Tj ET Q q 0 0 0 rg BT 432.11 705.75 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 480.40 705.75 Td (\(repayments\) ) Tj ET Q q 0 0 0 rg BT 535.90 705.75 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 705.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 693.75 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 693.75 Td (because ) Tj ET Q q 0 0 0 rg BT 111.69 693.75 Td (we ) Tj ET Q q 0 0 0 rg BT 125.85 693.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 157.22 693.75 Td (it ) Tj ET Q q 0 0 0 rg BT 165.28 693.75 Td (is ) Tj ET Q q 0 0 0 rg BT 174.45 693.75 Td (useful ) Tj ET Q q 0 0 0 rg BT 201.39 693.75 Td (for ) Tj ET Q q 0 0 0 rg BT 215.55 693.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 254.16 693.75 Td (as ) Tj ET Q q 0 0 0 rg BT 264.99 693.75 Td (a ) Tj ET Q q 0 0 0 rg BT 271.93 693.75 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 319.97 693.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 371.34 693.75 Td (of ) Tj ET Q q 0 0 0 rg BT 382.17 693.75 Td (the ) Tj ET Q q 0 0 0 rg BT 396.89 693.75 Td (change ) Tj ET Q q 0 0 0 rg BT 427.70 693.75 Td (in ) Tj ET Q q 0 0 0 rg BT 437.98 693.75 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.75 Td (The following is a reconciliation of net borrowings \(repayments\) of debt \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 649.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 649.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 649.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 649.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 649.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 649.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 619.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 619.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 619.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 619.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 619.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 619.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 589.25 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 589.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 589.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 589.25 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 589.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 589.25 60.00 -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 374 649.25 m 434 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 649.25 m 498 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 649.25 m 562 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 649.25 m 434 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 649.25 m 498 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 649.25 m 562 649.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 589.25 m 434 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 589.25 m 498 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 589.25 m 562 589.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 589.25 m 434 589.25 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 574.25 m 434 574.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 589.25 m 498 589.25 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 574.25 m 498 574.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 589.25 m 562 589.25 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 574.25 m 562 574.25 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.75 652.98 Td (Fiscal 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.75 652.98 Td (Fiscal 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.75 652.98 Td (Fiscal 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.82 Td (Borrowings from long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 638.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 638.92 Td (152,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 638.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 638.92 Td (140,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 638.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 638.92 Td (313,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 624.82 Td (Proceeds from line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 623.92 Td (135,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 623.92 Td (266,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 623.92 Td (469,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 609.82 Td (Repayment of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 608.97 Td (\(187,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 608.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 608.97 Td (\(231,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 608.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 608.97 Td (\(368,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 608.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.82 Td (Repayment of line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 593.97 Td (\(135,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 593.97 Td (\(266,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 593.97 Td (\(478,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 593.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 579.82 Td (Net repayments of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 578.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.30 578.97 Td (\(35,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 578.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 578.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 578.97 Td (\(90,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 578.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 578.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 578.97 Td (\(63,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 578.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 553.75 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 86.94 553.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 139.92 553.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 180.68 553.75 Td (income ) Tj ET Q q 0 0 0 rg BT 212.00 553.75 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 238.04 553.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 273.60 553.75 Td (AMR ) Tj ET Q q 0 0 0 rg BT 297.15 553.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 337.92 553.75 Td (income ) Tj ET Q q 0 0 0 rg BT 369.23 553.75 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 395.27 553.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 431.04 553.75 Td (SMB ) Tj ET Q q 0 0 0 rg BT 453.48 553.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 494.24 553.75 Td (income, ) Tj ET Q q 0 0 0 rg BT 528.06 553.75 Td (adjusted ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 541.75 Td (net ) Tj ET Q q 0 0 0 rg BT 65.46 541.75 Td (income ) Tj ET Q q 0 0 0 rg BT 98.65 541.75 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 124.05 541.75 Td (from ) Tj ET Q q 0 0 0 rg BT 147.24 541.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 195.44 541.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 241.97 541.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 292.94 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 303.90 541.75 Td (SSI, ) Tj ET Q q 0 0 0 rg BT 324.60 541.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.35 541.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 380.99 541.75 Td (diluted ) Tj ET Q q 0 0 0 rg BT 412.51 541.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 451.82 541.75 Td (per ) Tj ET Q q 0 0 0 rg BT 468.33 541.75 Td (share ) Tj ET Q q 0 0 0 rg BT 494.30 541.75 Td (from ) Tj ET Q q 0 0 0 rg BT 517.49 541.75 Td (continuing ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 529.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 95.34 529.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 145.62 529.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.90 529.75 Td (SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 512.75 Td (e ) Tj ET Q q 0 0 0 rg BT 64.24 512.75 Td (present ) Tj ET Q q 0 0 0 rg BT 94.77 512.75 Td (these ) Tj ET Q q 0 0 0 rg BT 116.98 512.75 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 162.17 512.75 Td ( ) Tj ET Q q 0 0 0 rg BT 163.83 512.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 202.69 512.75 Td (as ) Tj ET Q q 0 0 0 rg BT 212.68 512.75 Td (we ) Tj ET Q q 0 0 0 rg BT 226.00 512.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 256.54 512.75 Td (they ) Tj ET Q q 0 0 0 rg BT 275.41 512.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 307.62 512.75 Td (a ) Tj ET Q q 0 0 0 rg BT 313.72 512.75 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 360.92 512.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 411.45 512.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.44 512.75 Td (our ) Tj ET Q q 0 0 0 rg BT 436.43 512.75 Td (results ) Tj ET Q q 0 0 0 rg BT 464.20 512.75 Td (from ) Tj ET Q q 0 0 0 rg BT 485.30 512.75 Td (business ) Tj ET Q q 0 0 0 rg BT 520.85 512.75 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.75 Td (excluding ) Tj ET Q q 0 0 0 rg BT 91.44 500.75 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 141.72 500.75 Td (for ) Tj ET Q q 0 0 0 rg BT 155.89 500.75 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 193.95 500.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 242.55 500.75 Td (char) Tj ET Q q 0 0 0 rg BT 259.58 500.75 Td (ges, ) Tj ET Q q 0 0 0 rg BT 277.92 500.75 Td (other ) Tj ET Q q 0 0 0 rg BT 300.97 500.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 322.92 500.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 371.52 500.75 Td (char) Tj ET Q q 0 0 0 rg BT 388.55 500.75 Td (ges, ) Tj ET Q q 0 0 0 rg BT 406.88 500.75 Td (the ) Tj ET Q q 0 0 0 rg BT 421.61 500.75 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 460.21 500.75 Td (write-of) Tj ET Q q 0 0 0 rg BT 492.24 500.75 Td (f ) Tj ET Q q 0 0 0 rg BT 498.07 500.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.91 500.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 528.63 500.75 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.99 488.75 Td (as ) Tj ET Q q 0 0 0 rg BT 82.81 488.75 Td (a ) Tj ET Q q 0 0 0 rg BT 89.73 488.75 Td (result ) Tj ET Q q 0 0 0 rg BT 114.44 488.75 Td (of ) Tj ET Q q 0 0 0 rg BT 125.25 488.75 Td (the ) Tj ET Q q 0 0 0 rg BT 139.96 488.75 Td (renewal ) Tj ET Q q 0 0 0 rg BT 174.09 488.75 Td (of ) Tj ET Q q 0 0 0 rg BT 184.91 488.75 Td (our ) Tj ET Q q 0 0 0 rg BT 200.73 488.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 225.98 488.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 256.79 488.75 Td (in ) Tj ET Q q 0 0 0 rg BT 266.50 488.75 Td (April ) Tj ET Q q 0 0 0 rg BT 290.10 488.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 315.09 488.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.02 488.75 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 385.60 488.75 Td (char) Tj ET Q q 0 0 0 rg BT 402.62 488.75 Td (ges ) Tj ET Q q 0 0 0 rg BT 418.44 488.75 Td (and ) Tj ET Q q 0 0 0 rg BT 435.37 488.75 Td (other ) Tj ET Q q 0 0 0 rg BT 458.40 488.75 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 506.42 488.75 Td (activities, ) Tj ET Q q 0 0 0 rg BT 547.50 488.75 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.75 Td (are ) Tj ET Q q 0 0 0 rg BT 63.71 476.75 Td (not ) Tj ET Q q 0 0 0 rg BT 78.49 476.75 Td (related ) Tj ET Q q 0 0 0 rg BT 107.70 476.75 Td (to ) Tj ET Q q 0 0 0 rg BT 117.48 476.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 162.81 476.75 Td (business ) Tj ET Q q 0 0 0 rg BT 198.71 476.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 245.69 476.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 298.22 476.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.66 476.75 Td (improve ) Tj ET Q q 0 0 0 rg BT 349.99 476.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.21 476.75 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 431.75 476.75 Td (comparability ) Tj ET Q q 0 0 0 rg BT 489.29 476.75 Td (of ) Tj ET Q q 0 0 0 rg BT 499.63 476.75 Td (our ) Tj ET Q q 0 0 0 rg BT 514.96 476.75 Td (results ) Tj ET Q q 0 0 0 rg BT 543.07 476.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.75 Td (business ) Tj ET Q q 0 0 0 rg BT 86.16 464.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 132.87 464.75 Td (These ) Tj ET Q q 0 0 0 rg BT 159.52 464.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 199.49 464.75 Td (also ) Tj ET Q q 0 0 0 rg BT 218.36 464.75 Td (exclude ) Tj ET Q q 0 0 0 rg BT 252.22 464.75 Td (the ) Tj ET Q q 0 0 0 rg BT 267.20 464.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 297.17 464.75 Td (on ) Tj ET Q q 0 0 0 rg BT 309.94 464.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 350.46 464.75 Td (results ) Tj ET Q q 0 0 0 rg BT 379.33 464.75 Td (in ) Tj ET Q q 0 0 0 rg BT 389.88 464.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 414.30 464.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.06 464.75 Td (from ) Tj ET Q q 0 0 0 rg BT 459.26 464.75 Td (the ) Tj ET Q q 0 0 0 rg BT 474.24 464.75 Td (resale ) Tj ET Q q 0 0 0 rg BT 500.32 464.75 Td (or ) Tj ET Q q 0 0 0 rg BT 511.41 464.75 Td (modification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.84 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 74.07 452.75 Td (terms, ) Tj ET Q q 0 0 0 rg BT 100.79 452.75 Td (each ) Tj ET Q q 0 0 0 rg BT 121.12 452.75 Td (at ) Tj ET Q q 0 0 0 rg BT 130.34 452.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 182.34 452.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 207.12 452.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 235.51 452.75 Td (of ) Tj ET Q q 0 0 0 rg BT 245.85 452.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 275.06 452.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 319.28 452.75 Td (contracted ) Tj ET Q q 0 0 0 rg BT 362.93 452.75 Td (bulk ) Tj ET Q q 0 0 0 rg BT 382.72 452.75 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 413.05 452.75 Td (shipments ) Tj ET Q q 0 0 0 rg BT 455.62 452.75 Td (for ) Tj ET Q q 0 0 0 rg BT 469.29 452.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 504.06 452.75 Td (during ) Tj ET Q q 0 0 0 rg BT 532.18 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 452.75 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.95 440.75 Td (second ) Tj ET Q q 0 0 0 rg BT 95.73 440.75 Td (quarters ) Tj ET Q q 0 0 0 rg BT 129.95 440.75 Td (of ) Tj ET Q q 0 0 0 rg BT 140.29 440.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 163.95 440.75 Td (2015. ) Tj ET Q q 0 0 0 rg BT 188.46 440.75 Td (Due ) Tj ET Q q 0 0 0 rg BT 207.13 440.75 Td (to ) Tj ET Q q 0 0 0 rg BT 216.92 440.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.15 440.75 Td (sharp ) Tj ET Q q 0 0 0 rg BT 254.82 440.75 Td (declines ) Tj ET Q q 0 0 0 rg BT 289.60 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 299.39 440.75 Td (selling ) Tj ET Q q 0 0 0 rg BT 328.06 440.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 353.95 440.75 Td (that ) Tj ET Q q 0 0 0 rg BT 370.96 440.75 Td (occurred ) Tj ET Q q 0 0 0 rg BT 407.94 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 417.73 440.75 Td (the ) Tj ET Q q 0 0 0 rg BT 431.96 440.75 Td (first ) Tj ET Q q 0 0 0 rg BT 450.08 440.75 Td (and ) Tj ET Q q 0 0 0 rg BT 466.53 440.75 Td (second ) Tj ET Q q 0 0 0 rg BT 496.31 440.75 Td (quarters ) Tj ET Q q 0 0 0 rg BT 530.52 440.75 Td (of ) Tj ET Q q 0 0 0 rg BT 540.86 440.75 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.97 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 90.15 428.75 Td (revised ) Tj ET Q q 0 0 0 rg BT 122.00 428.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 148.85 428.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 192.91 428.75 Td (with ) Tj ET Q q 0 0 0 rg BT 213.66 428.75 Td (these ) Tj ET Q q 0 0 0 rg BT 237.17 428.75 Td (shipments ) Tj ET Q q 0 0 0 rg BT 280.70 428.75 Td (were ) Tj ET Q q 0 0 0 rg BT 303.09 428.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 356.05 428.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 381.79 428.75 Td (than ) Tj ET Q q 0 0 0 rg BT 401.98 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 417.16 428.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 444.01 428.75 Td (in ) Tj ET Q q 0 0 0 rg BT 454.75 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 469.94 428.75 Td (original ) Tj ET Q q 0 0 0 rg BT 504.01 428.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 526.42 428.75 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.75 Td (entered ) Tj ET Q q 0 0 0 rg BT 80.80 416.75 Td (into ) Tj ET Q q 0 0 0 rg BT 98.23 416.75 Td (between ) Tj ET Q q 0 0 0 rg BT 133.01 416.75 Td (August ) Tj ET Q q 0 0 0 rg BT 163.77 416.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.09 416.75 Td (November ) Tj ET Q q 0 0 0 rg BT 224.17 416.75 Td (2014. ) Tj ET Q q 0 0 0 rg BT 248.54 416.75 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 292.08 416.75 Td (in ) Tj ET Q q 0 0 0 rg BT 301.74 416.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 325.27 416.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 349.64 416.75 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 392.60 416.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 429.47 416.75 Td (from ) Tj ET Q q 0 0 0 rg BT 450.79 416.75 Td (settlements ) Tj ET Q q 0 0 0 rg BT 497.65 416.75 Td (with ) Tj ET Q q 0 0 0 rg BT 517.30 416.75 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 416.75 Td (original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.14 404.75 Td (parties, ) Tj ET Q q 0 0 0 rg BT 115.74 404.75 Td (which ) Tj ET Q q 0 0 0 rg BT 142.62 404.75 Td (are ) Tj ET Q q 0 0 0 rg BT 157.26 404.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 193.02 404.75 Td (within ) Tj ET Q q 0 0 0 rg BT 221.02 404.75 Td (SG&A) Tj ET Q q 0 0 0 rg BT 248.25 404.75 Td ( ) Tj ET Q q 0 0 0 rg BT 250.69 404.75 Td (expense ) Tj ET Q q 0 0 0 rg BT 285.34 404.75 Td (in ) Tj ET Q q 0 0 0 rg BT 295.56 404.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.21 404.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 365.43 404.75 Td (Statements ) Tj ET Q q 0 0 0 rg BT 411.75 404.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.52 404.75 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 471.34 404.75 Td (are ) Tj ET Q q 0 0 0 rg BT 485.98 404.75 Td (also ) Tj ET Q q 0 0 0 rg BT 504.53 404.75 Td (excluded ) Tj ET Q q 0 0 0 rg BT 543.07 404.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 392.75 Td (measures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.75 Td (The ) Tj ET Q q 0 0 0 rg BT 67.35 371.75 Td (following ) Tj ET Q q 0 0 0 rg BT 108.55 371.75 Td (is ) Tj ET Q q 0 0 0 rg BT 117.52 371.75 Td (a ) Tj ET Q q 0 0 0 rg BT 124.27 371.75 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 181.55 371.75 Td (of ) Tj ET Q q 0 0 0 rg BT 192.18 371.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.71 371.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 242.34 371.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 295.19 371.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.26 371.75 Td (income ) Tj ET Q q 0 0 0 rg BT 367.00 371.75 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 391.52 371.75 Td (and ) Tj ET Q q 0 0 0 rg BT 408.27 371.75 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 443.39 371.75 Td (AMR ) Tj ET Q q 0 0 0 rg BT 468.48 371.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 508.55 371.75 Td (income ) Tj ET Q q 0 0 0 rg BT 540.29 371.75 Td (\(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 63.11 359.75 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 334.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 334.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 334.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 334.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 334.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 334.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 304.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 304.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 304.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 304.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 304.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 304.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 274.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 274.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 274.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 274.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 274.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 274.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 244.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 244.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 244.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 244.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 244.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 244.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 214.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 214.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 214.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 214.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 214.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 214.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 184.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 184.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 184.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 184.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 184.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 184.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 154.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 154.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 154.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 154.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 154.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 154.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 124.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 124.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 124.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 124.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 124.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 124.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 94.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 94.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 94.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 94.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 94.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 94.25 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 64.25 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 64.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 64.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 64.25 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 64.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 64.25 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 369.5 334.25 m 430.5 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 334.25 m 495.5 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 334.25 m 561.5 334.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 244.25 m 430.5 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 230.25 m 430.5 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 228.25 m 430.5 228.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 244.25 m 495.5 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 230.25 m 495.5 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 228.25 m 495.5 228.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 244.25 m 561.5 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 230.25 m 561.5 230.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 228.25 m 561.5 228.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 139.25 m 430.5 139.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 125.25 m 430.5 125.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 123.25 m 430.5 123.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 139.25 m 495.5 139.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 125.25 m 495.5 125.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 123.25 m 495.5 123.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 139.25 m 561.5 139.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 125.25 m 561.5 125.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 123.25 m 561.5 123.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 64.25 m 430.5 64.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 50.25 m 430.5 50.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 48.25 m 430.5 48.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 64.25 m 495.5 64.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 50.25 m 495.5 50.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 48.25 m 495.5 48.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 64.25 m 561.5 64.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 50.25 m 561.5 50.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 48.25 m 561.5 48.25 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.75 338.93 Td (Fiscal 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.75 338.93 Td (Fiscal 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.25 338.93 Td (Fiscal 2014) 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 52 322.5833984375 m 204.470703125 322.5833984375 l s q 0 0 0 rg BT 52.00 323.92 Td (Consolidated operating income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 308.92 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 308.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.80 308.97 Td (\(7,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 308.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 308.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 308.97 Td (\(195,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 308.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 308.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 308.92 Td (24,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 293.92 Td (Goodwill impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 293.92 Td (8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 293.92 Td (141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 293.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 278.92 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 278.92 Td (20,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 278.92 Td (45,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 278.92 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 263.92 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 263.92 Td (6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 263.92 Td (13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 263.92 Td (6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.92 Td (Resale or modification of previously contracted shipments, net of recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 248.97 Td (\(694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 248.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 248.92 Td (6,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 248.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 233.92 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 233.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 233.92 Td (27,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 233.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 233.92 Td (10,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 233.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 233.92 Td (32,654) 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 52 202.58339843750002 m 174.48046875 202.58339843750002 l s q 0 0 0 rg BT 52.00 203.92 Td (AMR operating income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 188.92 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 188.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 188.92 Td (22,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 188.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 188.97 Td (\(164,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 188.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 188.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 188.92 Td (55,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 173.92 Td (Goodwill impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 173.92 Td (8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 173.92 Td (141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 173.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 158.92 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 158.92 Td (18,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 158.92 Td (44,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 158.92 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 143.92 Td (Resale or modification of previously contracted shipments, net of recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 143.97 Td (\(694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 143.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 143.92 Td (6,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 143.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 128.92 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 128.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 128.92 Td (49,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 128.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 128.92 Td (28,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 128.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 128.92 Td (56,017) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 97.58339843750002 m 148.0986328125 97.58339843750002 l s q 0 0 0 rg BT 52.00 98.92 Td (SMB operating income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 83.92 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 83.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 83.92 Td (3,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 83.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 83.92 Td (20,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 83.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 83.92 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 68.92 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 68.92 Td (2,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 68.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 68.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 53.92 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 53.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 53.92 Td (5,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 53.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 53.92 Td (20,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 53.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 53.92 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 32.40 Td (49) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 32.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 32.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 735.60 Td (The ) Tj ET Q q 0 0 0 rg BT 67.26 735.60 Td (following ) Tj ET Q q 0 0 0 rg BT 108.36 735.60 Td (is ) Tj ET Q q 0 0 0 rg BT 117.24 735.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.89 735.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 181.07 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.61 735.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 227.15 735.60 Td (net ) Tj ET Q q 0 0 0 rg BT 241.58 735.60 Td (income ) Tj ET Q q 0 0 0 rg BT 273.22 735.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 297.65 735.60 Td (from ) Tj ET Q q 0 0 0 rg BT 319.30 735.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 364.29 735.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 408.15 735.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 455.90 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.89 735.60 Td (SSI ) Tj ET Q q 0 0 0 rg BT 482.56 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 499.21 735.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 534.74 735.60 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 85.88 723.60 Td (per ) Tj ET Q q 0 0 0 rg BT 101.15 723.60 Td (share ) Tj ET Q q 0 0 0 rg BT 124.74 723.60 Td (from ) Tj ET Q q 0 0 0 rg BT 146.68 723.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 191.96 723.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 236.11 723.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 284.15 723.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.43 723.60 Td (SSI ) Tj ET Q q 0 0 0 rg BT 311.38 723.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 324.99 723.60 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 369.99 723.60 Td (except ) Tj ET Q q 0 0 0 rg BT 398.58 723.60 Td (per ) Tj ET Q q 0 0 0 rg BT 413.85 723.60 Td (share ) Tj ET Q q 0 0 0 rg BT 437.45 723.60 Td (data\):) Tj ET Q 1 1 1 rg /GS0 gs 50.00 713.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 698.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 698.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 698.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 698.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 698.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 698.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 668.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 668.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 668.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 668.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 668.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 638.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 638.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 638.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 638.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 638.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 638.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 608.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 608.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 608.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 608.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 608.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 578.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 578.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 578.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 578.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 578.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 578.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 548.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 548.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 548.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 548.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 548.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 548.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 518.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 518.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 518.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 518.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 518.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 518.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 488.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 488.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 488.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 488.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 488.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 488.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 448.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 448.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 448.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 448.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 448.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 418.10 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 418.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 418.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 418.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 418.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 418.10 61.00 -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 372 698.1 m 433 698.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 698.1 m 498 698.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 698.1 m 563 698.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 578.1 m 433 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 564.1 m 433 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 562.1 m 433 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 578.1 m 498 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 564.1 m 498 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 562.1 m 498 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 578.1 m 563 578.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 564.1 m 563 564.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 562.1 m 563 562.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 418.1 m 433 418.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 404.1 m 433 404.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 402.1 m 433 402.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 418.1 m 498 418.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 404.1 m 498 404.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 402.1 m 498 402.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 418.1 m 563 418.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 404.1 m 563 404.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 402.1 m 563 402.1 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.25 702.78 Td (Fiscal 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.25 702.78 Td (Fiscal 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.25 702.78 Td (Fiscal 2014) 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 52.5 686.4333984375 m 313.0078125 686.4333984375 l s q 0 0 0 rg BT 52.50 687.77 Td (Net income \(loss\) from continuing operations attributable to SSI:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 672.77 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 672.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.30 672.82 Td (\(18,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 672.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 672.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 672.82 Td (\(189,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 672.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 672.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 672.77 Td (8,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.77 Td (Goodwill impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 657.77 Td (8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 657.77 Td (141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 657.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 642.77 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 642.77 Td (20,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 642.77 Td (45,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 642.77 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.77 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.65 627.77 Td (6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 627.77 Td (13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 627.77 Td (6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 612.77 Td (Resale or modification of previously contracted shipments, net of recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 612.82 Td (\(694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 612.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 612.77 Td (6,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 612.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 597.77 Td (Non-cash write-off of debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 597.77 Td (768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 597.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 597.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 582.77 Td (Income tax expense \(benefit\) allocated to adjustments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.97 587.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 582.77 Td (529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 582.82 Td (\(12,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 582.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 582.82 Td (\(1,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 582.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 567.77 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 567.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 567.77 Td (18,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 567.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 567.77 Td (3,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 567.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 567.77 Td (15,593) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 536.4333984375 m 347.1533203125 536.4333984375 l s q 0 0 0 rg BT 52.50 537.77 Td (Diluted earnings per share from continuing operations attributable to SSI:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.77 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 522.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 522.82 Td (\(0.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 522.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 522.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 522.82 Td (\(7.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 522.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 522.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 522.77 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 507.77 Td (Goodwill impairment charges, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 507.77 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 507.77 Td (5.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 507.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 492.77 Td (Other asset impairment charges, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 492.77 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 492.77 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 492.77 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 477.77 Td (Restructuring charges and other exit-related activities per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 477.77 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 477.77 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 477.77 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 462.77 Td (Resale or modification of certain previously contracted shipments, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 452.77 Td (recoveries, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 452.82 Td (\(0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 452.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 452.77 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 452.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.77 Td (Non-cash write-off of debt issuance costs, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 437.77 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 437.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 437.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 422.77 Td (Income tax expense \(benefit\) allocated to adjustments, per share) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 309.34 427.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 422.77 Td (0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 422.82 Td (\(0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 422.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 422.82 Td (\(0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 422.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 407.77 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 88.61 412.30 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 407.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 407.77 Td (0.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 407.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 407.77 Td (0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 407.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 407.77 Td (0.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 394.00 Td (___________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 378.40 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 378.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 93.80 378.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 105.89 378.40 Td (allocated ) Tj ET Q q 0 0 0 rg BT 137.07 378.40 Td (to ) Tj ET Q q 0 0 0 rg BT 145.61 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.70 378.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 191.10 378.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 231.63 378.40 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 269.93 378.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 298.90 378.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.76 378.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 341.73 378.40 Td (net ) Tj ET Q q 0 0 0 rg BT 353.82 378.40 Td (income ) Tj ET Q q 0 0 0 rg BT 379.68 378.40 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 399.77 378.40 Td (from ) Tj ET Q q 0 0 0 rg BT 417.64 378.40 Td (continuing ) Tj ET Q q 0 0 0 rg BT 454.17 378.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 489.81 378.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 528.55 378.40 Td (to ) Tj ET Q q 0 0 0 rg BT 537.08 378.40 Td (SSI ) Tj ET Q q 0 0 0 rg BT 550.96 378.40 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 368.80 Td (diluted ) Tj ET Q q 0 0 0 rg BT 91.43 368.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 120.24 368.80 Td (per ) Tj ET Q q 0 0 0 rg BT 132.16 368.80 Td (share ) Tj ET Q q 0 0 0 rg BT 150.75 368.80 Td (from ) Tj ET Q q 0 0 0 rg BT 168.00 368.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 203.93 368.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 238.96 368.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 277.10 368.80 Td (to ) Tj ET Q q 0 0 0 rg BT 285.03 368.80 Td (SSI ) Tj ET Q q 0 0 0 rg BT 298.30 368.80 Td (is ) Tj ET Q q 0 0 0 rg BT 305.35 368.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 343.04 368.80 Td (based ) Tj ET Q q 0 0 0 rg BT 362.96 368.80 Td (on ) Tj ET Q q 0 0 0 rg BT 372.67 368.80 Td (a ) Tj ET Q q 0 0 0 rg BT 377.93 368.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.41 368.80 Td (provision ) Tj ET Q q 0 0 0 rg BT 421.34 368.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 455.47 368.80 Td (with ) Tj ET Q q 0 0 0 rg BT 471.40 368.80 Td (and ) Tj ET Q q 0 0 0 rg BT 484.66 368.80 Td (without ) Tj ET Q q 0 0 0 rg BT 510.81 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 522.29 368.80 Td (adjustments.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.20 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 356.20 Td (May ) Tj ET Q q 0 0 0 rg BT 84.16 356.20 Td (not ) Tj ET Q q 0 0 0 rg BT 96.39 356.20 Td (foot ) Tj ET Q q 0 0 0 rg BT 111.27 356.20 Td (due ) Tj ET Q q 0 0 0 rg BT 124.82 356.20 Td (to ) Tj ET Q q 0 0 0 rg BT 133.05 356.20 Td (rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.20 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 335.20 Td (e ) Tj ET Q q 0 0 0 rg BT 64.84 335.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 95.98 335.20 Td (that ) Tj ET Q q 0 0 0 rg BT 113.24 335.20 Td (these ) Tj ET Q q 0 0 0 rg BT 136.06 335.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 181.24 335.20 Td ( ) Tj ET Q q 0 0 0 rg BT 183.51 335.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 220.76 335.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 260.23 335.20 Td (allow ) Tj ET Q q 0 0 0 rg BT 284.72 335.20 Td (for ) Tj ET Q q 0 0 0 rg BT 298.64 335.20 Td (a ) Tj ET Q q 0 0 0 rg BT 305.35 335.20 Td (better ) Tj ET Q q 0 0 0 rg BT 330.38 335.20 Td (understanding ) Tj ET Q q 0 0 0 rg BT 389.30 335.20 Td (of ) Tj ET Q q 0 0 0 rg BT 399.90 335.20 Td (our ) Tj ET Q q 0 0 0 rg BT 415.50 335.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.53 335.20 Td (and ) Tj ET Q q 0 0 0 rg BT 472.23 335.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.48 335.20 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.20 Td (These ) Tj ET Q q 0 0 0 rg BT 75.60 323.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 120.79 323.20 Td ( ) Tj ET Q q 0 0 0 rg BT 123.01 323.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.21 323.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 199.64 323.20 Td (should ) Tj ET Q q 0 0 0 rg BT 228.54 323.20 Td (be ) Tj ET Q q 0 0 0 rg BT 240.20 323.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 285.74 323.20 Td (in ) Tj ET Q q 0 0 0 rg BT 295.74 323.20 Td (addition ) Tj ET Q q 0 0 0 rg BT 330.73 323.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 343.24 323.20 Td (but ) Tj ET Q q 0 0 0 rg BT 358.24 323.20 Td (not ) Tj ET Q q 0 0 0 rg BT 373.24 323.20 Td (as ) Tj ET Q q 0 0 0 rg BT 383.79 323.20 Td (a ) Tj ET Q q 0 0 0 rg BT 390.45 323.20 Td (substitute ) Tj ET Q q 0 0 0 rg BT 431.01 323.20 Td (for) Tj ET Q q 0 0 0 rg BT 442.27 323.20 Td (, ) Tj ET Q q 0 0 0 rg BT 446.99 323.20 Td (the ) Tj ET Q q 0 0 0 rg BT 461.43 323.20 Td (most ) Tj ET Q q 0 0 0 rg BT 483.11 323.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 515.87 323.20 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.20 Td (U.S.GAAP) Tj ET Q q 0 0 0 rg BT 96.64 311.20 Td ( ) Tj ET Q q 0 0 0 rg BT 98.42 311.20 Td (measures. ) Tj ET Q q 0 0 0 rg BT 139.51 311.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 179.06 311.20 Td (we ) Tj ET Q q 0 0 0 rg BT 192.50 311.20 Td (find ) Tj ET Q q 0 0 0 rg BT 210.38 311.20 Td (these ) Tj ET Q q 0 0 0 rg BT 232.71 311.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 277.89 311.20 Td ( ) Tj ET Q q 0 0 0 rg BT 279.67 311.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.42 311.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 355.41 311.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 381.62 311.20 Td (in ) Tj ET Q q 0 0 0 rg BT 391.18 311.20 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 434.60 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 448.60 311.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 500.90 311.20 Td (of ) Tj ET Q q 0 0 0 rg BT 511.00 311.20 Td (our ) Tj ET Q q 0 0 0 rg BT 526.11 311.20 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.20 Td (our ) Tj ET Q q 0 0 0 rg BT 66.22 299.20 Td (reliance ) Tj ET Q q 0 0 0 rg BT 101.24 299.20 Td (on ) Tj ET Q q 0 0 0 rg BT 114.63 299.20 Td (these ) Tj ET Q q 0 0 0 rg BT 138.56 299.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 179.16 299.20 Td (is ) Tj ET Q q 0 0 0 rg BT 189.21 299.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 220.93 299.20 Td (because ) Tj ET Q q 0 0 0 rg BT 255.96 299.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.56 299.20 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 322.72 299.20 Td (often ) Tj ET Q q 0 0 0 rg BT 346.66 299.20 Td (have ) Tj ET Q q 0 0 0 rg BT 368.92 299.20 Td (a ) Tj ET Q q 0 0 0 rg BT 376.74 299.20 Td (material ) Tj ET Q q 0 0 0 rg BT 412.89 299.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 443.49 299.20 Td (on ) Tj ET Q q 0 0 0 rg BT 456.87 299.20 Td (our ) Tj ET Q q 0 0 0 rg BT 473.59 299.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 299.20 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.53 287.20 Td (presented ) Tj ET Q q 0 0 0 rg BT 133.66 287.20 Td (in ) Tj ET Q q 0 0 0 rg BT 143.25 287.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 190.03 287.20 Td (with ) Tj ET Q q 0 0 0 rg BT 209.62 287.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 235.74 287.20 Td (. ) Tj ET Q q 0 0 0 rg BT 239.92 287.20 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 283.65 287.20 Td (we ) Tj ET Q q 0 0 0 rg BT 297.13 287.20 Td (typically ) Tj ET Q q 0 0 0 rg BT 333.94 287.20 Td (use ) Tj ET Q q 0 0 0 rg BT 349.08 287.20 Td (these ) Tj ET Q q 0 0 0 rg BT 371.44 287.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 406.58 287.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 442.29 287.20 Td (in ) Tj ET Q q 0 0 0 rg BT 451.88 287.20 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 500.91 287.20 Td (with ) Tj ET Q q 0 0 0 rg BT 520.50 287.20 Td (our ) Tj ET Q q 0 0 0 rg BT 535.65 287.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 562.50 287.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.20 Td (results ) Tj ET Q q 0 0 0 rg BT 78.11 275.20 Td (to ) Tj ET Q q 0 0 0 rg BT 88.39 275.20 Td (address ) Tj ET Q q 0 0 0 rg BT 120.88 275.20 Td (these ) Tj ET Q q 0 0 0 rg BT 143.92 275.20 Td (limitations. ) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (50) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM7A. QUANTIT) Tj ET Q q 0 0 0 rg BT 142.32 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 148.80 742.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 175.21 742.25 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 238.08 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 244.56 742.25 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 344.04 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 379.42 742.25 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 426.74 742.25 Td ( RISK) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Commodity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 703.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.34 703.25 Td (are ) Tj ET Q q 0 0 0 rg BT 79.81 703.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 114.84 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.88 703.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 172.69 703.25 Td (price ) Tj ET Q q 0 0 0 rg BT 194.94 703.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 214.70 703.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 244.74 703.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 288.09 703.25 Td (with ) Tj ET Q q 0 0 0 rg BT 308.13 703.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 349.83 703.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.87 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.35 703.25 Td (market ) Tj ET Q q 0 0 0 rg BT 404.38 703.25 Td (price ) Tj ET Q q 0 0 0 rg BT 426.62 703.25 Td (for ) Tj ET Q q 0 0 0 rg BT 440.55 703.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 471.13 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.83 703.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 533.41 703.25 Td (metals, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.54 691.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 114.40 691.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 141.88 691.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 176.87 691.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 197.96 691.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 237.66 691.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 283.75 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.96 691.25 Td (other ) Tj ET Q q 0 0 0 rg BT 324.27 691.25 Td (commodities. ) Tj ET Q q 0 0 0 rg BT 381.00 691.25 Td (The ) Tj ET Q q 0 0 0 rg BT 399.31 691.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 428.19 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.39 691.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 490.37 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.47 691.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.01 691.25 Td (cycles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.24 679.25 Td (dif) Tj ET Q q 0 0 0 rg BT 75.17 679.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 98.30 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.11 679.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 137.91 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.38 679.25 Td (are ) Tj ET Q q 0 0 0 rg BT 168.62 679.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 207.31 679.25 Td (by ) Tj ET Q q 0 0 0 rg BT 219.34 679.25 Td (general ) Tj ET Q q 0 0 0 rg BT 250.79 679.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 291.70 679.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 337.75 679.25 Td (W) Tj ET Q q 0 0 0 rg BT 346.39 679.25 Td (e ) Tj ET Q q 0 0 0 rg BT 352.86 679.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 386.55 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.36 679.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 435.04 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.51 679.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 491.85 679.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.66 679.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 535.34 679.25 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.66 667.25 Td (by ) Tj ET Q q 0 0 0 rg BT 87.45 667.25 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 125.90 667.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 163.23 667.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 191.26 667.25 Td (W) Tj ET Q q 0 0 0 rg BT 199.90 667.25 Td (e ) Tj ET Q q 0 0 0 rg BT 206.13 667.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 239.56 667.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 272.44 667.25 Td (our ) Tj ET Q q 0 0 0 rg BT 287.56 667.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 325.45 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.01 667.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 382.35 667.25 Td (price ) Tj ET Q q 0 0 0 rg BT 404.12 667.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 420.91 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.14 667.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 470.59 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.59 667.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 510.25 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.48 667.25 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 77.96 655.25 Td (between ) Tj ET Q q 0 0 0 rg BT 113.14 655.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 146.66 655.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 175.19 655.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 200.93 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.24 655.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 254.64 655.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 276.50 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.81 655.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 337.44 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.75 655.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 390.06 655.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 426.63 655.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 449.60 655.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 487.56 655.25 Td (are ) Tj ET Q q 0 0 0 rg BT 501.64 655.25 Td (based ) Tj ET Q q 0 0 0 rg BT 526.27 655.25 Td (on ) Tj ET Q q 0 0 0 rg BT 538.13 655.25 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 94.17 643.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.47 643.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.31 643.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 175.88 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.84 643.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 232.56 643.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 260.07 643.25 Td (are ) Tj ET Q q 0 0 0 rg BT 274.79 643.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 303.40 643.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 315.92 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.22 643.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 338.74 643.25 Td (days ) Tj ET Q q 0 0 0 rg BT 359.59 643.25 Td (ahead ) Tj ET Q q 0 0 0 rg BT 385.42 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.27 643.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 435.45 643.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 457.13 643.25 Td (However) Tj ET Q q 0 0 0 rg BT 493.38 643.25 Td (, ) Tj ET Q q 0 0 0 rg BT 498.40 643.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 535.89 643.25 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.47 631.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.16 631.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 125.06 631.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 163.96 631.25 Td (when ) Tj ET Q q 0 0 0 rg BT 187.87 631.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 221.77 631.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 250.68 631.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 276.81 631.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 292.38 631.25 Td (more ) Tj ET Q q 0 0 0 rg BT 315.18 631.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 347.43 631.25 Td (than ) Tj ET Q q 0 0 0 rg BT 366.89 631.25 Td (we ) Tj ET Q q 0 0 0 rg BT 380.80 631.25 Td (can ) Tj ET Q q 0 0 0 rg BT 396.93 631.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 423.07 631.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 460.85 631.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 486.98 631.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.56 631.25 Td (when ) Tj ET Q q 0 0 0 rg BT 521.47 631.25 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 64.69 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 73.83 619.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 94.62 619.25 Td (their ) Tj ET Q q 0 0 0 rg BT 114.31 619.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 160.09 619.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 208.29 619.25 Td (W) Tj ET Q q 0 0 0 rg BT 216.93 619.25 Td (e ) Tj ET Q q 0 0 0 rg BT 222.73 619.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 248.54 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.11 619.25 Td (net ) Tj ET Q q 0 0 0 rg BT 275.69 619.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 315.91 619.25 Td (value ) Tj ET Q q 0 0 0 rg BT 338.93 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.62 619.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 388.31 619.25 Td (\(NR) Tj ET Q q 0 0 0 rg BT 409.17 619.25 Td (V\) ) Tj ET Q q 0 0 0 rg BT 425.52 619.25 Td (each ) Tj ET Q q 0 0 0 rg BT 445.19 619.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 474.87 619.25 Td (based ) Tj ET Q q 0 0 0 rg BT 499.00 619.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 520.36 619.25 Td (contracted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.98 607.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 99.51 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.49 607.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 157.35 607.25 Td (future ) Tj ET Q q 0 0 0 rg BT 183.77 607.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 212.98 607.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 241.90 607.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 268.88 607.25 Td (on ) Tj ET Q q 0 0 0 rg BT 281.42 607.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 325.60 607.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 347.58 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.56 607.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 404.31 607.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.19 607.25 Td (future ) Tj ET Q q 0 0 0 rg BT 441.60 607.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 470.81 607.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 499.73 607.25 Td (a ) Tj ET Q q 0 0 0 rg BT 506.71 607.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 527.58 607.25 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.46 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.37 595.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 104.72 595.25 Td (price ) Tj ET Q q 0 0 0 rg BT 127.39 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.40 595.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 179.41 595.25 Td (would ) Tj ET Q q 0 0 0 rg BT 207.10 595.25 Td (not ) Tj ET Q q 0 0 0 rg BT 222.56 595.25 Td (have ) Tj ET Q q 0 0 0 rg BT 244.13 595.25 Td (had ) Tj ET Q q 0 0 0 rg BT 261.25 595.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.37 595.25 Td (material ) Tj ET Q q 0 0 0 rg BT 303.82 595.25 Td (NR) Tj ET Q q 0 0 0 rg BT 316.91 595.25 Td (V) Tj ET Q q 0 0 0 rg BT 323.95 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.64 595.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 356.53 595.25 Td (on ) Tj ET Q q 0 0 0 rg BT 369.22 595.25 Td (any ) Tj ET Q q 0 0 0 rg BT 386.34 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.36 595.25 Td (our ) Tj ET Q q 0 0 0 rg BT 413.37 595.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 456.59 595.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 496.49 595.25 Td (as ) Tj ET Q q 0 0 0 rg BT 507.51 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.93 595.25 Td (August ) Tj ET Q q 0 0 0 rg BT 549.51 595.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.50 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 583.25 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 562.25 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 544.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.02 544.25 Td (are ) Tj ET Q q 0 0 0 rg BT 79.17 544.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 113.87 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 123.59 544.25 Td (market ) Tj ET Q q 0 0 0 rg BT 153.30 544.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 170.24 544.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 213.27 544.25 Td (with ) Tj ET Q q 0 0 0 rg BT 232.99 544.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 267.14 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.86 544.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 308.23 544.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 329.05 544.25 Td (related ) Tj ET Q q 0 0 0 rg BT 358.20 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.92 544.25 Td (our ) Tj ET Q q 0 0 0 rg BT 383.19 544.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 402.34 544.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 451.23 544.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 468.72 544.25 Td (revolving ) Tj ET Q q 0 0 0 rg BT 508.99 544.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 533.69 544.25 Td (facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.38 532.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 90.41 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.90 532.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 135.81 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.95 532.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 189.53 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.68 532.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 245.47 532.25 Td (have ) Tj ET Q q 0 0 0 rg BT 267.05 532.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 305.86 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.35 532.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.26 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.75 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 393.89 532.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 417.97 532.25 Td (If ) Tj ET Q q 0 0 0 rg BT 427.34 532.25 Td (market ) Tj ET Q q 0 0 0 rg BT 457.81 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.95 532.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.54 532.25 Td (had ) Tj ET Q q 0 0 0 rg BT 528.68 532.25 Td (changed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 70.55 520.25 Td (from ) Tj ET Q q 0 0 0 rg BT 92.20 520.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 118.29 520.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.94 520.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 167.14 520.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 192.69 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.68 520.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.55 520.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.55 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.77 520.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.32 520.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.32 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.03 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.47 520.25 Td (ef) Tj ET Q q 0 0 0 rg BT 306.05 520.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 323.26 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.47 520.25 Td (our ) Tj ET Q q 0 0 0 rg BT 351.02 520.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.67 520.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.09 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.75 520.25 Td (net ) Tj ET Q q 0 0 0 rg BT 448.18 520.25 Td (income ) Tj ET Q q 0 0 0 rg BT 479.83 520.25 Td (would ) Tj ET Q q 0 0 0 rg BT 507.05 520.25 Td (not ) Tj ET Q q 0 0 0 rg BT 522.05 520.25 Td (have ) Tj ET Q q 0 0 0 rg BT 543.14 520.25 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (material.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 487.25 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.53 469.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 93.06 469.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 120.69 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.00 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.75 469.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 160.28 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.14 469.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 187.23 469.25 Td (that ) Tj ET Q q 0 0 0 rg BT 203.76 469.25 Td (might ) Tj ET Q q 0 0 0 rg BT 228.63 469.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 252.37 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 262.23 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.20 469.25 Td (result ) Tj ET Q q 0 0 0 rg BT 291.95 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.81 469.25 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 372.20 469.25 Td (by ) Tj ET Q q 0 0 0 rg BT 383.73 469.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 441.90 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.76 469.25 Td (their ) Tj ET Q q 0 0 0 rg BT 471.62 469.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 517.57 469.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.65 457.25 Td (take ) Tj ET Q q 0 0 0 rg BT 80.18 457.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 115.81 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.01 457.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 150.98 457.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 176.06 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.37 457.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 228.46 457.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 249.66 457.25 Td (products ) Tj ET Q q 0 0 0 rg BT 286.97 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.28 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.93 457.25 Td (make ) Tj ET Q q 0 0 0 rg BT 339.45 457.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.30 457.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 425.17 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.37 457.25 Td (these ) Tj ET Q q 0 0 0 rg BT 459.79 457.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 509.60 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.80 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.45 457.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 445.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 91.01 445.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 133.31 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.06 445.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 169.58 445.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 195.22 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.97 445.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 244.83 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.03 445.25 Td (settle ) Tj ET Q q 0 0 0 rg BT 280.56 445.25 Td (advances, ) Tj ET Q q 0 0 0 rg BT 323.13 445.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 347.66 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.52 445.25 Td (other ) Tj ET Q q 0 0 0 rg BT 389.49 445.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 437.33 445.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 485.72 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.92 445.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.22 445.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (demolition ) Tj ET Q q 0 0 0 rg BT 95.54 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.19 433.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 135.50 433.25 Td (extraction ) Tj ET Q q 0 0 0 rg BT 177.69 433.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 213.89 433.25 Td (W) Tj ET Q q 0 0 0 rg BT 222.53 433.25 Td (e ) Tj ET Q q 0 0 0 rg BT 229.18 433.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 262.48 433.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.02 433.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 316.33 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.31 433.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.29 433.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 368.50 433.25 Td (through ) Tj ET Q q 0 0 0 rg BT 401.82 433.25 Td (a ) Tj ET Q q 0 0 0 rg BT 408.46 433.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 438.44 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.98 433.25 Td (methods, ) Tj ET Q q 0 0 0 rg BT 487.57 433.25 Td (including ) Tj ET Q q 0 0 0 rg BT 527.56 433.25 Td (shipping ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.26 421.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 103.30 421.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 127.45 421.25 Td (exports ) Tj ET Q q 0 0 0 rg BT 158.83 421.25 Td (under ) Tj ET Q q 0 0 0 rg BT 183.54 421.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 209.92 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.19 421.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 247.39 421.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 288.76 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.03 421.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 333.75 421.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 355.13 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.85 421.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 403.46 421.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.06 421.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 446.20 421.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 491.46 421.25 Td (export ) Tj ET Q q 0 0 0 rg BT 518.95 421.25 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 108.44 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.21 409.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 146.42 409.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 172.65 409.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.75 409.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 210.63 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 224.08 409.25 Td (open ) Tj ET Q q 0 0 0 rg BT 246.96 409.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 275.12 409.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 301.33 409.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 343.09 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.98 409.25 Td (designation ) Tj ET Q q 0 0 0 rg BT 410.52 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.30 409.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 462.94 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.83 409.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.25 409.25 Td (guarantees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (securing ) Tj ET Q q 0 0 0 rg BT 86.38 397.25 Td (advances, ) Tj ET Q q 0 0 0 rg BT 128.02 397.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 151.63 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.57 397.25 Td (other ) Tj ET Q q 0 0 0 rg BT 191.62 397.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 238.54 397.25 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 75.56 376.25 Td (ships ) Tj ET Q q 0 0 0 rg BT 98.89 376.25 Td (nearly ) Tj ET Q q 0 0 0 rg BT 126.65 376.25 Td (all ) Tj ET Q q 0 0 0 rg BT 139.42 376.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 170.51 376.25 Td (bulk ) Tj ET Q q 0 0 0 rg BT 191.06 376.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 213.28 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.83 376.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 255.48 376.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 298.80 376.25 Td (under ) Tj ET Q q 0 0 0 rg BT 324.34 376.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 363.21 376.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 405.42 376.25 Td (by ) Tj ET Q q 0 0 0 rg BT 418.19 376.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 445.40 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.50 376.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.04 376.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 509.81 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.92 376.25 Td (confirmed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.28 364.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 87.89 364.25 Td (it ) Tj ET Q q 0 0 0 rg BT 95.73 364.25 Td (deems ) Tj ET Q q 0 0 0 rg BT 123.56 364.25 Td (creditworthy) Tj ET Q q 0 0 0 rg BT 174.00 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 178.62 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 196.45 364.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 223.17 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.78 364.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 258.82 364.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 287.20 364.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 323.92 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 336.20 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.70 364.25 Td (customer) Tj ET Q q 0 0 0 rg BT 386.80 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 391.08 364.25 Td (As ) Tj ET Q q 0 0 0 rg BT 403.97 364.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 429.04 364.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 468.52 364.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 488.58 364.25 Td (its ) Tj ET Q q 0 0 0 rg BT 500.31 364.25 Td (export ) Tj ET Q q 0 0 0 rg BT 528.14 364.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.76 352.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 105.42 352.25 Td (under ) Tj ET Q q 0 0 0 rg BT 130.63 352.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 169.17 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.94 352.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 207.38 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 224.82 352.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 264.46 352.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 297.45 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.56 352.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 350.67 352.25 Td (within ) Tj ET Q q 0 0 0 rg BT 378.67 352.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 391.11 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.33 352.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 413.78 352.25 Td (days ) Tj ET Q q 0 0 0 rg BT 434.55 352.25 Td (after ) Tj ET Q q 0 0 0 rg BT 455.31 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.97 352.25 Td (price ) Tj ET Q q 0 0 0 rg BT 492.40 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 501.51 352.25 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 532.56 352.25 Td (AMR) Tj ET Q q 0 0 0 rg BT 558.13 352.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.54 340.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 131.52 340.25 Td (do ) Tj ET Q q 0 0 0 rg BT 144.51 340.25 Td (not ) Tj ET Q q 0 0 0 rg BT 160.28 340.25 Td (have ) Tj ET Q q 0 0 0 rg BT 182.15 340.25 Td (dif) Tj ET Q q 0 0 0 rg BT 193.07 340.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 222.17 340.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 262.93 340.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 290.36 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.68 340.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 327.43 340.25 Td (from ) Tj ET Q q 0 0 0 rg BT 349.86 340.25 Td (their ) Tj ET Q q 0 0 0 rg BT 371.18 340.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 397.50 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.27 340.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.70 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.02 340.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 477.79 340.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 509.10 340.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 538.46 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 340.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.98 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.63 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.17 328.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 129.93 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.59 328.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 167.67 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.21 328.25 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 240.38 328.25 Td (by ) Tj ET Q q 0 0 0 rg BT 253.71 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.25 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 294.23 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.88 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.42 328.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 363.07 328.25 Td (on ) Tj ET Q q 0 0 0 rg BT 376.40 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.94 328.25 Td (ship. ) Tj ET Q q 0 0 0 rg BT 414.43 328.25 Td (However) Tj ET Q q 0 0 0 rg BT 450.68 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 456.51 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.61 328.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.37 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.03 328.25 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 89.21 316.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 117.14 316.25 Td (AMR) Tj ET Q q 0 0 0 rg BT 142.70 316.25 Td (s ) Tj ET Q q 0 0 0 rg BT 148.59 316.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 191.13 316.25 Td (may ) Tj ET Q q 0 0 0 rg BT 210.35 316.25 Td (not ) Tj ET Q q 0 0 0 rg BT 225.12 316.25 Td (be ) Tj ET Q q 0 0 0 rg BT 236.55 316.25 Td (able ) Tj ET Q q 0 0 0 rg BT 255.21 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.98 316.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 291.97 316.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 318.40 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.73 316.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 353.49 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 367.14 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.36 316.25 Td (full ) Tj ET Q q 0 0 0 rg BT 397.24 316.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 418.67 316.25 Td (value ) Tj ET Q q 0 0 0 rg BT 442.32 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.65 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.86 316.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 507.19 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.96 316.25 Td (be ) Tj ET Q q 0 0 0 rg BT 528.39 316.25 Td (shipped. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.43 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 73.57 295.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.79 295.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.79 295.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.11 295.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.87 295.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.87 295.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.69 295.25 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.02 295.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.34 295.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.10 295.25 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.43 295.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.25 295.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 291.91 295.25 Td (, ) Tj ET Q q 0 0 0 rg BT 296.73 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.38 295.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.03 295.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 345.34 295.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 382.64 295.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 426.04 295.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 458.90 295.25 Td (were ) Tj ET Q q 0 0 0 rg BT 480.65 295.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 514.61 295.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.93 295.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 553.69 295.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 77.76 283.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 90.82 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.53 283.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 148.57 283.25 Td (balance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.11 283.25 Td (94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.44 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.94 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.44 283.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.38 283.25 Td (95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.71 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 245.21 283.25 Td (was ) Tj ET Q q 0 0 0 rg BT 263.26 283.25 Td (less ) Tj ET Q q 0 0 0 rg BT 280.76 283.25 Td (than ) Tj ET Q q 0 0 0 rg BT 300.47 283.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 312.97 283.25 Td (days ) Tj ET Q q 0 0 0 rg BT 333.80 283.25 Td (past ) Tj ET Q q 0 0 0 rg BT 352.41 283.25 Td (due ) Tj ET Q q 0 0 0 rg BT 369.35 283.25 Td (as ) Tj ET Q q 0 0 0 rg BT 380.18 283.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.46 283.25 Td (August ) Tj ET Q q 0 0 0 rg BT 421.85 283.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 436.85 283.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 459.35 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.29 283.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.29 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.79 283.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 546.45 283.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 262.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 262.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 107.12 262.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 129.06 262.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 173.23 262.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 195.72 262.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 245.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.46 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 80.05 245.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 115.20 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.37 245.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 156.63 245.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 193.99 245.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 234.13 245.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 251.50 245.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 271.38 245.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 301.54 245.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 345.02 245.25 Td (with ) Tj ET Q q 0 0 0 rg BT 365.18 245.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 387.00 245.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 437.15 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.97 245.25 Td (related ) Tj ET Q q 0 0 0 rg BT 483.56 245.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 520.93 245.25 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 103.58 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.28 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.42 233.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 147.13 233.25 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 174.61 233.25 Td (by ) Tj ET Q q 0 0 0 rg BT 186.53 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.79 233.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 241.48 233.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 284.51 233.25 Td (with ) Tj ET Q q 0 0 0 rg BT 304.22 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 310.58 233.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 353.05 233.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 389.95 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.21 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.35 233.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 454.04 233.25 Td (Dollar) Tj ET Q q 0 0 0 rg BT 479.04 233.25 Td (. ) Tj ET Q q 0 0 0 rg BT 483.46 233.25 Td (In ) Tj ET Q q 0 0 0 rg BT 493.72 233.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 522.85 233.25 Td (instances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (we ) Tj ET Q q 0 0 0 rg BT 65.10 221.25 Td (use ) Tj ET Q q 0 0 0 rg BT 81.88 221.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 129.19 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.42 221.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 174.95 221.25 Td (some ) Tj ET Q q 0 0 0 rg BT 199.51 221.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 231.84 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.61 221.25 Td (this ) Tj ET Q q 0 0 0 rg BT 261.50 221.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 282.45 221.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 301.44 221.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 348.76 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 364.41 221.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 413.38 221.25 Td (with ) Tj ET Q q 0 0 0 rg BT 434.61 221.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 486.92 221.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 547.01 221.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.05 209.25 Td (for ) Tj ET Q q 0 0 0 rg BT 97.21 209.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 138.03 209.25 Td (based ) Tj ET Q q 0 0 0 rg BT 163.30 209.25 Td (on ) Tj ET Q q 0 0 0 rg BT 175.80 209.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.74 209.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 218.01 209.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 252.46 209.25 Td (As ) Tj ET Q q 0 0 0 rg BT 266.07 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.35 209.25 Td (August ) Tj ET Q q 0 0 0 rg BT 307.74 209.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 322.74 209.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 347.74 209.25 Td (we ) Tj ET Q q 0 0 0 rg BT 361.90 209.25 Td (did ) Tj ET Q q 0 0 0 rg BT 377.18 209.25 Td (not ) Tj ET Q q 0 0 0 rg BT 392.46 209.25 Td (have ) Tj ET Q q 0 0 0 rg BT 413.83 209.25 Td (any ) Tj ET Q q 0 0 0 rg BT 430.77 209.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 473.25 209.25 Td (contracts.) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (51) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td ( ITEM 8. FINANCIAL) Tj ET Q q 0 0 0 rg BT 147.79 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 161.78 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 168.26 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 219.11 742.25 Td (AND SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 310.87 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 324.96 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 331.81 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 348.01 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 353.94 742.25 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.20 721.25 Td (Management) Tj ET Q q 0 0 0 rg BT 201.26 721.25 Td (s ) Tj ET Q q 0 0 0 rg BT 207.10 721.25 Td (Annual Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 349.70 721.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 381.46 721.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.88 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.89 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 706.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.36 706.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.71 706.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 229.94 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.28 706.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 294.73 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.85 706.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 362.30 706.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 400.51 706.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 433.74 706.25 Td (control ) Tj ET Q q 0 0 0 rg BT 464.74 706.25 Td (over ) Tj ET Q q 0 0 0 rg BT 485.19 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.85 706.25 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.46 694.25 Td (such ) Tj ET Q q 0 0 0 rg BT 82.92 694.25 Td (term ) Tj ET Q q 0 0 0 rg BT 104.37 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.17 694.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 147.29 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.19 694.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 184.10 694.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 224.99 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.55 694.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 284.00 694.25 Td (under ) Tj ET Q q 0 0 0 rg BT 309.90 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.25 694.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 367.81 694.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 409.67 694.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 427.24 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.70 694.25 Td (1934. ) Tj ET Q q 0 0 0 rg BT 464.10 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 482.78 694.25 Td (Company) Tj ET Q q 0 0 0 rg BT 524.44 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 531.46 694.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (control ) Tj ET Q q 0 0 0 rg BT 81.63 682.25 Td (over ) Tj ET Q q 0 0 0 rg BT 102.70 682.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.98 682.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 180.94 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 190.92 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 198.66 682.25 Td (process ) Tj ET Q q 0 0 0 rg BT 231.95 682.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 270.80 682.25 Td (by) Tj ET Q q 0 0 0 rg BT 280.15 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 285.95 682.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.59 682.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.66 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.18 682.25 Td (supervision ) Tj ET Q q 0 0 0 rg BT 388.59 682.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 402.72 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.24 682.25 Td (Company) Tj ET Q q 0 0 0 rg BT 459.91 682.25 Td (s ) Tj ET Q q 0 0 0 rg BT 467.10 682.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 505.95 682.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 547.56 682.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 89.36 670.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.17 670.25 Td (of) Tj ET Q q 0 0 0 rg BT 136.32 670.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 162.34 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.60 670.25 Td (ef) Tj ET Q q 0 0 0 rg BT 188.19 670.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 216.44 670.25 Td (by ) Tj ET Q q 0 0 0 rg BT 230.26 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.30 670.25 Td (Company) Tj ET Q q 0 0 0 rg BT 287.96 670.25 Td (s ) Tj ET Q q 0 0 0 rg BT 295.68 670.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 323.94 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.09 670.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 379.62 670.25 Td (management ) Tj ET Q q 0 0 0 rg BT 434.53 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.79 670.25 Td (other ) Tj ET Q q 0 0 0 rg BT 477.16 670.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 519.86 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.46 670.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.25 658.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 134.61 658.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 174.42 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.13 658.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 228.50 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.32 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.79 658.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 312.94 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.87 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.58 658.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 389.61 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.43 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 435.91 658.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 479.61 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.76 658.25 Td (external ) Tj ET Q q 0 0 0 rg BT 526.46 658.25 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 646.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.74 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 128.02 646.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 167.72 646.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 205.19 646.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 251.56 646.25 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.57 625.25 Td (Company) Tj ET Q q 0 0 0 rg BT 109.24 625.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.15 625.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 147.72 625.25 Td (control ) Tj ET Q q 0 0 0 rg BT 178.07 625.25 Td (over ) Tj ET Q q 0 0 0 rg BT 197.87 625.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.87 625.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 273.55 625.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 308.90 625.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 342.03 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.50 625.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 404.39 625.25 Td (that ) Tj ET Q q 0 0 0 rg BT 421.41 625.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 445.64 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.44 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.68 625.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 522.24 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.59 625.25 Td (records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 69.01 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 78.29 613.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 122.56 613.25 Td (detail, ) Tj ET Q q 0 0 0 rg BT 148.78 613.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 191.37 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.32 613.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 230.48 613.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 257.53 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.25 613.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 320.53 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.48 613.25 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 385.77 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.61 613.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 420.46 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.30 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.02 613.25 Td (Company; ) Tj ET Q q 0 0 0 rg BT 487.20 613.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.25 613.25 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 90.78 601.25 Td (that ) Tj ET Q q 0 0 0 rg BT 107.68 601.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 157.35 601.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.47 601.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 208.35 601.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.59 601.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 259.36 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.05 601.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 297.06 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.19 601.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 358.63 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.87 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.99 601.25 Td (Company) Tj ET Q q 0 0 0 rg BT 424.66 601.25 Td (s ) Tj ET Q q 0 0 0 rg BT 430.46 601.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 482.91 601.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 601.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.95 589.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 109.08 589.25 Td (with ) Tj ET Q q 0 0 0 rg BT 130.02 589.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 170.40 589.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 208.54 589.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 255.58 589.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 298.18 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.79 589.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.95 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.34 589.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 383.60 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.21 589.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 455.47 589.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.97 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.35 589.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.41 589.25 Td (are ) Tj ET Q q 0 0 0 rg BT 539.79 589.25 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (made ) Tj ET Q q 0 0 0 rg BT 75.21 577.25 Td (only ) Tj ET Q q 0 0 0 rg BT 96.54 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.87 577.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 156.39 577.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.72 577.25 Td (authorization ) Tj ET Q q 0 0 0 rg BT 234.03 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.92 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.69 577.25 Td (Company) Tj ET Q q 0 0 0 rg BT 303.35 577.25 Td (s ) Tj ET Q q 0 0 0 rg BT 310.80 577.25 Td (management ) Tj ET Q q 0 0 0 rg BT 365.44 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.43 577.25 Td (directors; ) Tj ET Q q 0 0 0 rg BT 424.75 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.74 577.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 476.84 577.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 523.15 577.25 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.81 565.25 Td (prevention ) Tj ET Q q 0 0 0 rg BT 136.07 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.89 565.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 174.94 565.25 Td (detection ) Tj ET Q q 0 0 0 rg BT 214.08 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.91 565.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 279.60 565.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 328.48 565.25 Td (use ) Tj ET Q q 0 0 0 rg BT 344.30 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 355.13 565.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 401.52 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.34 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.05 565.25 Td (Company) Tj ET Q q 0 0 0 rg BT 468.72 565.25 Td (s ) Tj ET Q q 0 0 0 rg BT 475.10 565.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.93 565.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.42 565.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.13 565.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 553.25 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 553.25 Td (ef) Tj ET Q q 0 0 0 rg BT 99.79 553.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.27 553.25 Td (on ) Tj ET Q q 0 0 0 rg BT 129.77 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 553.25 Td (Company) Tj ET Q q 0 0 0 rg BT 186.15 553.25 Td (s ) Tj ET Q q 0 0 0 rg BT 192.54 553.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 245.59 553.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.07 553.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 84.59 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.19 532.25 Td (its ) Tj ET Q q 0 0 0 rg BT 104.91 532.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 138.94 532.25 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 185.49 532.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 217.30 532.25 Td (control ) Tj ET Q q 0 0 0 rg BT 246.90 532.25 Td (over ) Tj ET Q q 0 0 0 rg BT 265.94 532.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.19 532.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 340.12 532.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.60 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 372.65 532.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 403.91 532.25 Td (or ) Tj ET Q q 0 0 0 rg BT 413.51 532.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 438.65 532.25 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 498.81 532.25 Td (Also, ) Tj ET Q q 0 0 0 rg BT 521.47 532.25 Td (projection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 520.25 Td (any ) Tj ET Q q 0 0 0 rg BT 77.28 520.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 121.19 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.78 520.25 Td (ef) Tj ET Q q 0 0 0 rg BT 139.37 520.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 186.05 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.08 520.25 Td (future ) Tj ET Q q 0 0 0 rg BT 222.22 520.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 253.91 520.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.84 520.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 293.42 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.46 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.93 520.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 335.19 520.25 Td (that ) Tj ET Q q 0 0 0 rg BT 352.44 520.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 386.92 520.25 Td (may ) Tj ET Q q 0 0 0 rg BT 406.39 520.25 Td (become ) Tj ET Q q 0 0 0 rg BT 439.74 520.25 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 485.31 520.25 Td (because ) Tj ET Q q 0 0 0 rg BT 519.21 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.80 520.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 508.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 104.44 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 115.27 508.25 Td (that ) Tj ET Q q 0 0 0 rg BT 132.77 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.49 508.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 176.63 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.46 508.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 236.05 508.25 Td (with ) Tj ET Q q 0 0 0 rg BT 256.33 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 508.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 304.65 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.59 508.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 367.95 508.25 Td (may ) Tj ET Q q 0 0 0 rg BT 387.67 508.25 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.58 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.28 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.88 487.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.14 487.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 212.40 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.99 487.25 Td (ef) Tj ET Q q 0 0 0 rg BT 235.58 487.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 283.37 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.08 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.67 487.25 Td (Company) Tj ET Q q 0 0 0 rg BT 352.34 487.25 Td (s ) Tj ET Q q 0 0 0 rg BT 359.60 487.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 393.52 487.25 Td (control ) Tj ET Q q 0 0 0 rg BT 425.22 487.25 Td (over ) Tj ET Q q 0 0 0 rg BT 446.37 487.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.72 487.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 524.75 487.25 Td (using ) Tj ET Q q 0 0 0 rg BT 549.80 487.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 80.73 475.25 Td (established ) Tj ET Q q 0 0 0 rg BT 127.59 475.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.79 475.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 172.43 475.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 195.40 475.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 205.60 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.02 475.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 257.09 475.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 306.18 475.25 Td (\(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.84 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.26 475.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 362.68 475.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.10 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 475.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 436.60 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.35 475.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 495.34 475.25 Td (Or) Tj ET Q q 0 0 0 rg BT 505.71 475.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 553.67 475.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 463.25 Td (T) Tj ET Q q 0 0 0 rg BT 70.30 463.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 106.68 463.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 159.76 463.25 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 198.10 463.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 225.05 463.25 Td (on ) Tj ET Q q 0 0 0 rg BT 237.56 463.25 Td (its ) Tj ET Q q 0 0 0 rg BT 249.52 463.25 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 298.96 463.25 Td (management ) Tj ET Q q 0 0 0 rg BT 352.56 463.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 400.05 463.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.56 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 463.25 Td (Company) Tj ET Q q 0 0 0 rg BT 473.95 463.25 Td (s ) Tj ET Q q 0 0 0 rg BT 480.35 463.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.40 463.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.24 463.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 451.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.64 451.25 Td (was ) Tj ET Q q 0 0 0 rg BT 144.69 451.25 Td (ef) Tj ET Q q 0 0 0 rg BT 152.28 451.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 181.98 451.25 Td (as ) Tj ET Q q 0 0 0 rg BT 192.81 451.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.09 451.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 249.48 451.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.48 451.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 150.88 430.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 167.55 430.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.52 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.21 430.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 235.55 430.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 276.45 430.25 Td (public ) Tj ET Q q 0 0 0 rg BT 302.91 430.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 348.25 430.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 366.94 430.25 Td (that ) Tj ET Q q 0 0 0 rg BT 383.40 430.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 414.31 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.99 430.25 Td (Company) Tj ET Q q 0 0 0 rg BT 469.66 430.25 Td (s ) Tj ET Q q 0 0 0 rg BT 475.02 430.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.03 430.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.99 418.25 Td (included ) Tj ET Q q 0 0 0 rg BT 130.20 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.76 418.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.59 418.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 186.81 418.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 218.30 418.25 Td (also ) Tj ET Q q 0 0 0 rg BT 236.19 418.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 267.40 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.39 418.25 Td (ef) Tj ET Q q 0 0 0 rg BT 288.98 418.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 335.18 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.29 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 418.25 Td (Company) Tj ET Q q 0 0 0 rg BT 400.95 418.25 Td (s ) Tj ET Q q 0 0 0 rg BT 406.61 418.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.93 418.25 Td (control ) Tj ET Q q 0 0 0 rg BT 469.04 418.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.58 418.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.34 418.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.11 406.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 117.50 406.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.50 406.25 Td (as ) Tj ET Q q 0 0 0 rg BT 153.33 406.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 179.16 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.43 406.25 Td (their ) Tj ET Q q 0 0 0 rg BT 210.26 406.25 Td (report ) Tj ET Q q 0 0 0 rg BT 236.64 406.25 Td (included ) Tj ET Q q 0 0 0 rg BT 273.57 406.25 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 365.32 Td (Tamara L. Lundgren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 364.42 Td (Richard D. Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.32 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 350.32 Td (Senior Vice President, Chief Financial Officer and Chief of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 340.32 Td (Corporate Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.32 Td (October 25, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 324.42 Td (October 25, 2016) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (52) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 730.10 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 730.10 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 730.10 Td (Accounting Firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 706.10 Td (o the Board of Directors and Shareholders of Schnitzer Steel Industries, Inc.:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (comprehensive income \(loss\), equity and cash flows present fairly) Tj ET Q q 0 0 0 rg BT 313.99 670.10 Td (, in all material respects, the financial position of Schnitzer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Steel Industries, Inc. and its subsidiaries at ) Tj ET Q q 0 0 0 rg BT 222.47 658.10 Td (August 31, 2016 and 2015, and the results of their operations and their cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (for each of the three years in the period ended ) Tj ET Q q 0 0 0 rg BT 235.47 646.10 Td (August 31, 2016 in conformity with accounting principles generally accepted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the United States of ) Tj ET Q q 0 0 0 rg BT 131.10 634.10 Td (America. In addition, in our opinion, the financial statement schedule listed in the index appearing under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Item 15\(a\)\(2\) presents fairly) Tj ET Q q 0 0 0 rg BT 162.36 622.10 Td (, in all material respects, the information set forth therein when read in conjunction with the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 189.68 610.10 Td (Also in our opinion, the Company maintained, in all material respects, ef) Tj ET Q q 0 0 0 rg BT 481.10 610.10 Td (fective internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (control over financial reporting as of ) Tj ET Q q 0 0 0 rg BT 198.84 598.10 Td (August 31, 2016, based on criteria established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.02 598.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 453.71 598.10 Td (ol - Integrated Framework ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (\(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.66 586.10 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 250.08 586.10 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 323.49 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 329.24 586.10 Td (readway Commission \(COSO\). ) Tj ET Q q 0 0 0 rg BT 459.33 586.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 519.04 586.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (management is responsible for these financial statements and financial statement schedule, for maintaining ef) Tj ET Q q 0 0 0 rg BT 487.45 574.10 Td (fective internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (control over financial reporting and for its assessment of the ef) Tj ET Q q 0 0 0 rg BT 300.85 562.10 Td (fectiveness of internal control over financial reporting, included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (in the accompanying Management) Tj ET Q q 0 0 0 rg BT 190.79 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 196.63 550.10 Td (Annual Report on Internal Control Over Financial Reporting. Our responsibility is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (express opinions on these financial statements, on the financial statement schedule, and on the Company's internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (financial reporting based on our integrated audits. ) Tj ET Q q 0 0 0 rg BT 253.92 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 262.56 526.10 Td (e conducted our audits in accordance with the standards of the Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.83 514.10 Td (Accounting Oversight Board \(United States\). ) Tj ET Q q 0 0 0 rg BT 276.45 514.10 Td (Those standards require that we plan and perform the audits to obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (reasonable assurance about whether the financial statements are free of material misstatement and whether ef) Tj ET Q q 0 0 0 rg BT 486.29 502.10 Td (fective internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (control over financial reporting was maintained in all material respects. Our audits of the financial statements included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (accounting principles used and significant estimates made by management, and evaluating the overall financial statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 430.10 Td (fectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 223.64 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 232.28 418.10 Td (e believe that our audits provide a reasonable basis for our opinions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (As discussed in Note 2 to the consolidated financial statements, the Company changed the manner in which it classifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (deferred income taxes in fiscal 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 358.10 Td ( company) Tj ET Q q 0 0 0 rg BT 98.60 358.10 Td (s internal control over financial reporting is a process designed to provide reasonable assurance regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 180.22 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 186.89 334.10 Td ( company) Tj ET Q q 0 0 0 rg BT 228.83 334.10 Td (s internal control over financial reporting includes those policies and procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (that \(i\)pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (dispositions of the assets of the company; \(ii\)provide reasonable assurance that transactions are recorded as necessary to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (expenditures of the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (company; and \(iii\)provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (disposition of the company) Tj ET Q q 0 0 0 rg BT 161.38 262.10 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 306.97 262.10 Td (fect on the financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 520.70 238.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 226.10 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (/s/ PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Portland, Oregon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (October 25, 2016) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (53) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.40 727.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.22 727.25 Td (TED BALANCE SHEETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 715.25 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 705.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 669.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 669.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 669.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 643.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 643.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 643.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 643.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 633.72 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 633.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 633.72 Td (26,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 633.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 633.72 Td (22,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 620.72 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 620.72 Td (113,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 620.72 Td (111,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 607.72 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 607.72 Td (132,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 607.72 Td (156,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 594.72 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 594.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 594.72 Td (2,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 581.72 Td (Refundable income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 581.72 Td (1,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 581.72 Td (7,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 568.72 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 568.72 Td (24,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 568.72 Td (21,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 555.77 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 555.77 Td (299,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 555.77 Td (322,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.72 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 543.72 Td (392,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 543.72 Td (427,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.72 Td (Investments in joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 530.72 Td (13,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 530.72 Td (15,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.72 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 517.72 Td (166,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 517.72 Td (175,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.72 Td (Intangibles, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 504.72 Td (4,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 504.72 Td (6,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.72 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 491.72 Td (13,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 491.72 Td (15,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 478.72 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 478.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 478.72 Td (891,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 478.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 478.72 Td (962,299) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.55 465.88 Td (Liabilities and Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.72 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 439.72 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 439.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 439.72 Td (8,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 439.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 439.72 Td (584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 426.72 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 426.72 Td (58,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 426.72 Td (57,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 413.72 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 413.72 Td (29,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 413.72 Td (25,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 400.72 Td (Environmental liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 400.72 Td (1,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 400.72 Td (924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 387.72 Td (Accrued income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 387.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 387.72 Td (148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 374.72 Td (Other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 374.72 Td (35,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 374.72 Td (36,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 361.72 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 361.72 Td (133,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 361.72 Td (120,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 348.72 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 348.72 Td (16,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 348.72 Td (19,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.72 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 335.72 Td (184,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 335.72 Td (227,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 322.72 Td (Environmental liabilities, net of current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 322.72 Td (44,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 322.72 Td (45,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 309.72 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 309.72 Td (11,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 309.72 Td (10,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 296.72 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 296.72 Td (389,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 296.72 Td (423,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.72 Td (Commitments and contingencies \(Note 9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 283.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 283.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.72 Td (Schnitzer Steel Industries, Inc. \(SSI\) shareholders equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 257.72 Td (Preferred stock 20,000 shares $1.00 par value authorized, none issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 257.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 257.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 244.72 Td (ClassA common stock 75,000 shares $1.00 par value authorized,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 231.72 Td (26,482 and 26,474 shares issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 231.72 Td (26,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 231.72 Td (26,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 218.72 Td (Class B common stock 25,000 shares $1.00 par value authorized,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 205.72 Td (306 and 306 shares issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 205.72 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 205.72 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 192.72 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 192.72 Td (30,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 192.72 Td (26,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 179.72 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 179.72 Td (480,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 179.72 Td (520,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 166.72 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 166.77 Td (\(40,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 166.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 166.77 Td (\(38,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 166.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 153.72 Td (Total SSI shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 153.72 Td (497,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 153.72 Td (534,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.72 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 140.72 Td (3,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 140.72 Td (4,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 127.72 Td (Total equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 127.72 Td (501,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 127.72 Td (538,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 114.72 Td (Total liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 114.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 114.72 Td (891,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 114.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 114.72 Td (962,299) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 87.65 Td (See Notes to the Consolidated Financial Statements.) 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0.9333333333333333 1 rg /GS0 gs 438.50 457.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 457.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 457.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 427.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 427.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 427.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 427.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 427.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 397.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 397.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 397.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 397.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 397.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 367.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 367.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 367.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 367.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 367.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 337.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 337.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 337.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 337.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 337.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 307.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 307.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 307.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 307.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 307.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 307.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 277.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 277.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 277.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 277.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 277.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 247.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 247.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 247.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 247.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 247.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 217.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 217.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 217.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 217.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 217.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 217.15 60.00 -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 374.5 681.15 m 434.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 681.15 m 438.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.15 m 498.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 681.15 m 502.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 681.15 m 562.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 667.15 m 434.5 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.15 m 498.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 667.15 m 498.5 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 681.15 m 502.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 681.15 m 562.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 667.15 m 562.5 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 547.15 m 434.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547.15 m 498.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 547.15 m 562.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547.15 m 498.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 547.15 m 562.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 502.15 m 434.5 502.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 502.15 m 498.5 502.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 502.15 m 562.5 502.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 472.15 m 434.5 472.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 472.15 m 498.5 472.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 472.15 m 562.5 472.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 442.15 m 434.5 442.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 442.15 m 498.5 442.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 442.15 m 562.5 442.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 412.15 m 434.5 412.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 412.15 m 498.5 412.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 412.15 m 562.5 412.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 397.15 m 434.5 397.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 397.15 m 498.5 397.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 397.15 m 562.5 397.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 322.15 m 434.5 322.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 322.15 m 498.5 322.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 322.15 m 562.5 322.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 307.15 m 434.5 307.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 307.15 m 498.5 307.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 307.15 m 562.5 307.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 262.15 m 434.5 262.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 262.15 m 498.5 262.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 262.15 m 562.5 262.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 247.14999999999998 m 434.5 247.14999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 247.14999999999998 m 498.5 247.14999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 247.14999999999998 m 562.5 247.14999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 247.14999999999998 m 434.5 247.14999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 685.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 685.83 Td (Year Ended August 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 671.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 671.83 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 671.83 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 671.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.82 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 656.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 656.82 Td (1,352,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 656.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 656.82 Td (1,915,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 656.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 656.82 Td (2,534,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.82 Td (Operating expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 626.82 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 626.82 Td (1,175,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 626.82 Td (1,742,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 626.82 Td (2,315,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 611.82 Td (Selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 611.82 Td (148,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 611.82 Td (170,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 611.82 Td (187,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 596.82 Td (Income from joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 596.87 Td (\(819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 596.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 596.87 Td (\(1,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 596.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 596.87 Td (\(1,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 596.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 581.82 Td (Goodwill impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 581.82 Td (8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 581.82 Td (141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 581.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 566.82 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 566.82 Td (20,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 566.82 Td (45,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 566.82 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 551.82 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 551.82 Td (6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 551.82 Td (13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 551.82 Td (6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.82 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 536.87 Td (\(7,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 536.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 536.87 Td (\(195,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 536.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 536.82 Td (24,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.82 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 521.87 Td (\(8,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 521.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 521.87 Td (\(9,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 521.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 521.87 Td (\(10,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 521.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.82 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 506.82 Td (1,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 506.82 Td (4,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 506.82 Td (1,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.82 Td (Income \(loss\) from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 491.87 Td (\(15,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 491.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 491.87 Td (\(200,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 491.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 491.82 Td (14,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.82 Td (Income tax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 476.87 Td (\(735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 476.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 476.82 Td (12,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 476.87 Td (\(2,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 476.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.82 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 461.87 Td (\(16,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 461.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 461.87 Td (\(187,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 461.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 461.82 Td (12,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.82 Td (Loss from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 446.87 Td (\(1,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 446.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 446.87 Td (\(7,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 446.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 446.87 Td (\(2,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 446.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.82 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 431.87 Td (\(17,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 431.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 431.87 Td (\(195,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 431.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 431.82 Td (9,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 416.82 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 416.87 Td (\(1,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 416.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 416.87 Td (\(1,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 416.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 416.87 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 416.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.82 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 401.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 401.87 Td (\(19,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 401.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 401.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 401.87 Td (\(197,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 401.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 401.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 401.82 Td (5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.82 Td (Net income \(loss\) per share attributable to SSI:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.82 Td (Basic:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 341.82 Td (Income \(loss\) per share from continuing operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 341.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 341.87 Td (\(0.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 341.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 341.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 341.87 Td (\(7.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 341.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 341.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 341.82 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 326.82 Td (Loss per share from discontinued operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 326.87 Td (\(0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 326.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 326.87 Td (\(0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 326.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 326.87 Td (\(0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 326.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 311.82 Td (Net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 250.23 316.35 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 311.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 311.87 Td (\(0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 311.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 311.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 311.87 Td (\(7.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 311.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 311.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 311.82 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.82 Td (Diluted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 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Tf ET q 0 0 0 rg BT 537.80 266.87 Td (\(0.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 266.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 251.82 Td (Net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 250.23 256.35 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 251.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 251.87 Td (\(0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 251.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 251.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 251.87 Td (\(7.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 251.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 251.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 251.82 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.82 Td (Weighted average number of common shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 221.82 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 221.82 Td (27,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 221.82 Td (27,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 221.82 Td (26,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 206.82 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 206.82 Td (27,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 206.82 Td (27,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 206.82 Td (27,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 191.82 Td (Dividends declared per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 191.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 191.82 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 191.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 191.82 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 191.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 191.82 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 178.05 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 168.45 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 168.45 Td (May not foot due to rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 156.45 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (55) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.40 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 197.22 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 231.78 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 238.25 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 303.17 730.25 Td ( COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 718.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 667.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 667.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 667.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 667.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 637.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 637.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 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10.00 Tf ET q 0 0 0 rg BT 70.00 552.42 Td (Less comprehensive income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 552.47 Td (\(1,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 552.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 552.47 Td (\(1,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 552.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 552.47 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 552.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 537.42 Td (Comprehensive income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 537.47 Td (\(21,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 537.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 537.47 Td (\(222,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 537.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 537.42 Td (2,644) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 509.25 Td (See Notes to the Consolidated Financial Statements.) 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367.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 220.75 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 220.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 220.75 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 220.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 220.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 220.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 220.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 220.75 48.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 192.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 192.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 192.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 192.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 192.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 164.75 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 164.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 164.75 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 164.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 164.75 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 164.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 164.75 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 164.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 164.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 164.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 164.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 164.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 136.75 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 136.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 136.75 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 136.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 136.75 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 136.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 136.75 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 136.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 136.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 136.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 136.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 136.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 108.75 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 108.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 108.75 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 108.75 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 108.75 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 108.75 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 108.75 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 108.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 108.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 108.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 108.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 108.75 48.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 535.75 m 284.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 535.75 m 288.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 535.75 m 325.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 535.75 m 329.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 535.75 m 367.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 535.75 m 371.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 535.75 m 410.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 521.75 m 284.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 521.75 m 288.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 521.75 m 325.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 521.75 m 367.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 521.75 m 371.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 521.75 m 410.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 507.75 m 284.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 521.75 m 288.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 507.75 m 325.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 507.75 m 367.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 507.75 m 410.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 507.75 m 462.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 507.75 m 513.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 507.75 m 578.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 507.75 m 639.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 507.75 m 704.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 507.75 m 756.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 507.75 m 284.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 507.75 m 325.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 507.75 m 367.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 507.75 m 410.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 507.75 m 462.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 507.75 m 513.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 507.75 m 578.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 507.75 m 639.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 507.75 m 704.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 507.75 m 756.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 346.75 m 284.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 346.75 m 325.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 346.75 m 367.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 346.75 m 410.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 346.75 m 462.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 346.75 m 513.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 346.75 m 578.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 346.75 m 639.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 346.75 m 704.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 346.75 m 756.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 346.75 m 325.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 346.75 m 462.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 346.75 m 639.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 346.75 m 704.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 346.75 m 756.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 220.75 m 284.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 220.75 m 325.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 220.75 m 367.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 220.75 m 410.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 220.75 m 462.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 220.75 m 513.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 220.75 m 578.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 220.75 m 639.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 220.75 m 704.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 220.75 m 756.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 94.75 m 284.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 94.75 m 325.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 94.75 m 367.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 94.75 m 410.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 94.75 m 462.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 94.75 m 513.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 94.75 m 578.5 94.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 80.75 m 284.5 80.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 80.75 m 325.5 80.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 80.75 m 367.5 80.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 80.75 m 410.5 80.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 80.75 m 462.5 80.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 80.75 m 513.5 80.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 80.75 m 578.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 94.75 m 639.5 94.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 80.75 m 639.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 94.75 m 704.5 94.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 80.75 m 704.5 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 94.75 m 756.5 94.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 80.75 m 756.5 80.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 512.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 539.98 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 527.98 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.55 519.98 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 511.98 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.15 519.98 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.90 511.98 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.80 535.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.35 527.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 519.98 Td (Compr) Tj ET Q q 0 0 0 rg BT 545.20 519.98 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.70 511.98 Td (Loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 594.75 527.98 Td (T) Tj ET Q q 0 0 0 rg BT 599.35 527.98 Td (otal SSI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 586.85 519.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 603.15 519.98 Td (eholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 598.90 511.98 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 647.75 519.98 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 680.05 519.98 Td (olling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 658.65 511.98 Td (Inter) Tj ET Q q 0 0 0 rg BT 675.83 511.98 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 723.25 519.98 Td (T) Tj ET Q q 0 0 0 rg BT 727.85 519.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.40 511.98 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.90 525.98 Td (Class A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 525.98 Td (Class B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.50 511.98 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.45 511.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 511.98 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.45 511.98 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 498.00 Td (Balance as of August 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 498.00 Td (26,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 498.00 Td (26,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 498.00 Td (393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.25 498.00 Td (393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.25 498.00 Td (7,476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 498.00 Td (751,879) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 498.05 Td (\(9,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 498.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 585.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 610.25 498.00 Td (776,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 646.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 498.00 Td (4,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 711.00 498.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 727.25 498.00 Td (781,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 484.00 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 484.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 484.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 484.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 484.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 484.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.25 484.00 Td (5,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 484.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 618.30 484.00 Td (5,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 484.00 Td (3,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 735.25 484.00 Td (9,591) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 470.00 Td (Other comprehensive loss, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 470.05 Td (\(3,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 470.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 470.05 Td (\(3,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 470.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 470.05 Td (\(3,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 470.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 456.00 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 456.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.30 456.00 Td (\(3,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 701.00 456.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 456.05 Td (\(3,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 456.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 443.00 Td (Restricted stock withheld for taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.60 443.00 Td (\(59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 443.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.60 443.00 Td (\(59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 443.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 443.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 443.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 443.00 Td (\(1,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 443.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 443.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 443.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 443.05 Td (\(1,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 443.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 443.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 443.05 Td (\(1,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 443.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 429.00 Td (Issuance of restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 429.00 Td (176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 429.00 Td (176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 429.00 Td (\(176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 429.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 429.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 415.00 Td (Stock options exercised) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 415.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 415.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 415.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 415.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 415.00 Td (231) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 415.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 415.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 624.30 415.00 Td (240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 415.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 741.30 415.00 Td (240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 401.00 Td (Class B common stock converted to ClassA common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 401.00 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 401.00 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 401.00 Td (\(87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.30 401.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 401.00 Td (\(87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 401.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 401.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 401.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 401.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 401.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 401.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 401.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 387.00 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 387.00 Td (14,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 614.30 387.00 Td (14,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 387.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 731.25 387.00 Td (14,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 373.00 Td (Excess tax deficiency from stock options exercised and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 365.00 Td (restricted stock units vested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 365.00 Td (\(1,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 365.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 365.05 Td (\(1,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 365.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 365.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 365.05 Td (\(1,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 365.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 351.00 Td (Cash dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 351.00 Td (\(20,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 351.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 351.05 Td (\(20,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 351.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 692.00 351.21 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 351.05 Td (\(20,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 351.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 337.00 Td (Balance as of August 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 337.00 Td (26,384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 337.00 Td (26,384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 337.00 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.25 337.00 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 337.00 Td (19,164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 337.00 Td (737,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.60 337.05 Td (\(12,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 337.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 610.25 337.00 Td (770,784) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 337.00 Td (5,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 727.25 337.00 Td (775,977) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 323.00 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.60 323.00 Td (\(197,009) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 607.60 323.05 Td (\(197,009) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 323.00 Td (1,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 724.60 323.05 Td (\(195,076) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 323.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 309.00 Td (Other comprehensive loss, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.60 309.05 Td (\(25,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 309.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 309.05 Td (\(25,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 309.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 309.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 309.05 Td (\(25,881) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 309.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 295.00 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 295.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.30 295.00 Td (\(3,110) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 701.00 295.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 295.05 Td (\(3,110) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 295.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 281.00 Td (Share repurchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.60 281.00 Td (\(68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 281.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.60 281.00 Td (\(68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 281.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 281.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 281.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 281.00 Td (\(1,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 281.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 281.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 281.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 281.05 Td (\(1,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 281.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 281.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 281.05 Td (\(1,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 281.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 267.00 Td (Restricted stock withheld for taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.60 267.00 Td (\(92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 267.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.60 267.00 Td (\(92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 267.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 267.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 267.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 267.00 Td (\(1,905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 267.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 267.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 267.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 267.05 Td (\(1,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 267.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 267.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 267.05 Td (\(1,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 267.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 253.00 Td (Issuance of restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 253.00 Td (250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 253.00 Td (250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 253.00 Td (\(250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 253.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 239.00 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 239.00 Td (10,481) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 614.30 239.00 Td (10,481) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 239.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 731.25 239.00 Td (10,481) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 225.00 Td (Cash dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 225.00 Td (\(20,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 225.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 225.05 Td (\(20,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 225.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 225.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 225.05 Td (\(20,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 225.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 211.00 Td (Balance as of August 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 211.00 Td (26,474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 211.00 Td (26,474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 211.00 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.25 211.00 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 211.00 Td (26,211) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 211.00 Td (520,066) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.60 211.05 Td (\(38,522) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 211.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 610.25 211.00 Td (534,535) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 211.00 Td (4,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 727.25 211.00 Td (538,551) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 197.00 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 197.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 197.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 197.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 197.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 197.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 197.00 Td (\(19,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 197.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 197.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 197.05 Td (\(19,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 197.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 197.00 Td (1,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 197.05 Td (\(17,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 197.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 183.00 Td (Other comprehensive loss, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 183.05 Td (\(1,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 183.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 183.05 Td (\(1,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 183.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 183.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 183.05 Td (\(1,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 183.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 169.00 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 169.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.30 169.00 Td (\(2,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 701.00 169.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 169.05 Td (\(2,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 169.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 155.00 Td (Share repurchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.60 155.00 Td (\(203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 155.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.60 155.00 Td (\(203) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 155.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 155.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 155.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 155.00 Td (\(3,276) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 155.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 155.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 155.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 155.05 Td (\(3,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 155.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 155.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 155.05 Td (\(3,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 155.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 141.00 Td (Restricted stock withheld for taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.60 141.00 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.60 141.00 Td (\(132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 141.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 141.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 141.00 Td (\(2,081) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 141.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 141.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 141.05 Td (\(2,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 141.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 141.05 Td (\(2,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 127.00 Td (Issuance of restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 127.00 Td (343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 127.00 Td (343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 127.00 Td (\(343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 127.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 127.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 113.00 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 113.00 Td (10,437) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 614.30 113.00 Td (10,437) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 113.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 731.25 113.00 Td (10,437) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 99.00 Td (Cash dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 99.00 Td (\(20,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 99.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 99.05 Td (\(20,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 99.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 99.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 99.05 Td (\(20,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 99.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 85.00 Td (Balance as of August 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 85.00 Td (26,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 85.00 Td (26,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 85.00 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.25 85.00 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 85.00 Td (30,948) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 85.00 Td (480,100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.60 85.05 Td (\(40,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 85.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 585.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 610.25 85.00 Td (497,721) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 646.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 85.00 Td (3,711) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 711.00 85.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 727.25 85.00 Td (501,432) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.40 44.05 Td (See Notes to the Consolidated Financial Statements.) 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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 502 699.75 m 562 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 699.75 m 434 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 687.75 m 434 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 699.75 m 498 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 687.75 m 498 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 699.75 m 562 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 687.75 m 562 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 351.75 m 434 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 351.75 m 498 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 351.75 m 562 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 339.75 m 434 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 339.75 m 498 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 339.75 m 562 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 279.75 m 434 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 279.75 m 498 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 279.75 m 562 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 267.75 m 434 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 267.75 m 498 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 267.75 m 562 267.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 111.75 m 434 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 99.75 m 434 99.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 111.75 m 498 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 99.75 m 498 99.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 111.75 m 562 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 99.75 m 562 99.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 87.75 m 434 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 87.75 m 498 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 87.75 m 562 87.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 63.75 m 434 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 63.75 m 498 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 63.75 m 562 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 63.75 m 434 63.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 51.75 m 434 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 63.75 m 498 63.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 51.75 m 498 51.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 51.75 m 562 51.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 703.01 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 702.48 Td (Year Ended August 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 691.01 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 690.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.50 690.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.50 690.48 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 679.01 Td (Cash flows from operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 667.01 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 667.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 667.01 Td (\(17,588) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 667.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 667.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 667.01 Td (\(195,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 667.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 667.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 667.01 Td (9,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 655.01 Td (Adjustments to reconcile net income \(loss\) to cash provided by operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 643.01 Td (Goodwill impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 643.01 Td (8,845) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 643.01 Td (141,021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 643.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 631.01 Td (Other asset impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 631.01 Td (20,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 631.01 Td (45,119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 631.01 Td (1,460) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 619.01 Td (Exit-related asset impairment charges, net of gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 619.01 Td (1,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 619.01 Td (6,502) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 619.01 Td (566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 607.01 Td (Write-off of debt issuance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 607.01 Td (768) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 607.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 607.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 595.01 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 595.01 Td (54,630) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 595.01 Td (67,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 595.01 Td (79,209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 583.01 Td (Inventory write-down) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 583.01 Td (710) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 583.01 Td (3,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 583.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 571.01 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 571.01 Td (507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 571.01 Td (\(1,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 571.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 571.01 Td (\(3,815) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 571.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 559.01 Td (Undistributed equity in earnings of joint ventures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 559.01 Td (\(819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 559.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 559.01 Td (\(1,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 559.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 559.01 Td (\(1,196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 559.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 547.01 Td (Share-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 547.01 Td (10,437) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 547.01 Td (10,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 547.01 Td (14,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 535.01 Td (Excess tax benefit from share-based payment arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 535.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 535.01 Td (\(343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 535.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 535.01 Td (\(194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 535.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 523.01 Td (Gain on the disposal of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 523.01 Td (\(465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 523.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 523.01 Td (\(2,875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 523.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 523.01 Td (\(1,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 523.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 511.01 Td (Unrealized foreign exchange \(gain\) loss, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 511.01 Td (\(109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 511.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 511.01 Td (\(1,909) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 511.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 511.01 Td (240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 499.01 Td (Bad debt expense \(recoveries\), net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 499.01 Td (131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 499.01 Td (\(264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 499.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 499.01 Td (449) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 487.01 Td (Changes in assets and liabilities, net of acquisitions:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 475.01 Td (Accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 475.01 Td (\(10,693) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 475.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 475.01 Td (55,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 475.01 Td (\(16,360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 475.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 463.01 Td (Inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 463.01 Td (27,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 463.01 Td (69,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 463.01 Td (36,264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 451.01 Td (Income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 451.01 Td (5,861) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 451.01 Td (\(5,846) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 451.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 451.01 Td (4,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 439.01 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 439.01 Td (\(1,864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 439.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 439.01 Td (2,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 439.01 Td (\(2,453) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 439.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 427.01 Td (Other long-term assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 427.01 Td (266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 427.01 Td (1,064) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 427.01 Td (996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 415.01 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 415.01 Td (\(763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 415.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 415.01 Td (\(35,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 415.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 415.01 Td (9,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 403.01 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 403.01 Td (3,633) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 403.01 Td (\(6,330) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 403.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 403.01 Td (8,114) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 391.01 Td (Other accrued liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 391.01 Td (\(4,362) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 391.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 391.01 Td (\(2,710) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 391.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 391.01 Td (\(91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 391.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 379.01 Td (Environmental liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 379.01 Td (\(451) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 379.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 379.01 Td (\(702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 379.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 379.01 Td (\(1,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 379.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 367.01 Td (Other long-term liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 367.01 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 367.01 Td (\(3,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 367.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 367.01 Td (1,825) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 355.01 Td (Distributed equity in earnings of joint ventures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 355.01 Td (560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 355.01 Td (770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 355.01 Td (1,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 343.01 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 343.01 Td (99,240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 343.01 Td (144,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 343.01 Td (141,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 331.01 Td (Cash flows from investing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 319.01 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 319.01 Td (\(34,571) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 319.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 319.01 Td (\(32,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 319.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 319.01 Td (\(39,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 319.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 307.01 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 307.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 307.01 Td (\(150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 307.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 307.01 Td (\(2,160) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 307.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 295.01 Td (Joint venture payments, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.50 295.01 Td (\(11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 295.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 295.01 Td (\(1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 295.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 295.01 Td (\(3,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 295.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 283.01 Td (Proceeds from sale of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 283.01 Td (4,106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 283.01 Td (4,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 283.01 Td (3,841) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 271.01 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 271.01 Td (\(30,476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 271.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 271.01 Td (\(28,178) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 271.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 271.01 Td (\(41,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 271.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 259.01 Td (Cash flows from financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 247.01 Td (Proceeds from line of credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 247.01 Td (135,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 247.01 Td (266,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 247.01 Td (469,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 235.01 Td (Repayment of line of credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 235.01 Td (\(135,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 235.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 235.01 Td (\(266,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 235.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 235.01 Td (\(478,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 235.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 223.01 Td (Borrowings from long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 223.01 Td (152,311) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 223.01 Td (140,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 223.01 Td (313,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 211.01 Td (Repayment of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 211.01 Td (\(187,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 211.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 211.01 Td (\(231,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 211.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 211.01 Td (\(368,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 211.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 199.01 Td (Payment of debt issuance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 199.01 Td (\(1,011) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 199.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 199.01 Td (\(978) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 199.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 199.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 187.01 Td (Repurchase of ClassA common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 187.01 Td (\(3,479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 187.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 187.01 Td (\(1,347) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 187.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 187.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 175.01 Td (Taxes paid related to net share settlement of share-based payment arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 175.01 Td (\(2,213) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 175.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 175.01 Td (\(1,997) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 175.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 175.01 Td (\(1,578) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 175.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 163.01 Td (Excess tax benefit from share-based payment arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 163.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 163.01 Td (343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 163.01 Td (194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 151.01 Td (Stock options exercised) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 151.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 151.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 151.01 Td (240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 139.01 Td (Distributions to noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 139.01 Td (\(2,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 139.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 139.01 Td (\(3,110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 139.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 139.01 Td (\(3,115) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 139.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 127.01 Td (Contingent consideration paid relating to business acquisitions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 127.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 127.01 Td (\(759) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 127.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 127.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 115.01 Td (Dividends paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 115.01 Td (\(20,444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 115.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 115.01 Td (\(20,336) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 115.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 115.01 Td (\(20,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 115.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 103.01 Td (Net cash used in financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 103.01 Td (\(64,913) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 103.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 103.01 Td (\(118,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 103.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 103.01 Td (\(88,174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 103.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 91.01 Td (Effect of exchange rate changes on cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 91.01 Td (213) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 91.01 Td (\(616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 91.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 91.01 Td (344) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 79.01 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 79.01 Td (4,064) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 79.01 Td (\(2,917) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 79.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 79.01 Td (12,191) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 67.01 Td (Cash and cash equivalents as of beginning of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 67.01 Td (22,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 67.01 Td (25,672) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 67.01 Td (13,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 55.01 Td (Cash and cash equivalents as of end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 55.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 55.01 Td (26,819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 55.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 55.01 Td (22,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 55.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 55.01 Td (25,672) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 23.40 Td (58) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 23.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 23.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 727.50 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 727.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 727.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 727.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 727.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 727.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 699.50 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 699.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 699.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 699.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 699.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 699.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 671.50 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 671.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 671.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 671.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 671.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 671.50 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 741.5 m 434 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 741.5 m 438 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 741.5 m 498 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 741.5 m 502 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 741.5 m 562 741.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 727.5 m 434 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 727.5 m 498 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 727.5 m 562 727.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 746.18 Td (Year Ended August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 732.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.50 732.18 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.50 732.18 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 718.76 Td (SUPPLEMENTAL DISCLOSURES:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 704.76 Td (Cash paid \(received\) during the year for:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 690.76 Td (Interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 689.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 689.96 Td (6,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 689.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 689.96 Td (7,138) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 689.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 689.96 Td (8,838) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 676.76 Td (Income taxes paid \(refunds received\), net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 675.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 675.96 Td (\(5,691) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 675.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 675.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 675.96 Td (\(1,866) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 675.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 675.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 675.96 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 662.76 Td (Schedule of noncash investing and financing transactions:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 648.76 Td (Purchases of property, plant and equipment included in current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 647.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 647.96 Td (8,268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 647.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 647.96 Td (6,086) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 647.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 647.96 Td (7,249) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 615.00 Td (See Notes to the Consolidated Financial Statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 727.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 727.25 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 727.25 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 727.25 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 727.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 727.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 727.25 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 727.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 703.25 Td (Note 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 703.25 Td ( Natur) Tj ET Q q 0 0 0 rg BT 112.36 703.25 Td (e of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (Founded ) Tj ET Q q 0 0 0 rg BT 87.79 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.87 682.25 Td (1906, ) Tj ET Q q 0 0 0 rg BT 124.66 682.25 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 165.72 682.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 189.00 682.25 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 234.24 682.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 252.80 682.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 271.64 682.25 Td (Company\), ) Tj ET Q q 0 0 0 rg BT 328.53 682.25 Td (an ) Tj ET Q q 0 0 0 rg BT 341.26 682.25 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 374.54 682.25 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 426.43 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.39 682.25 Td (one ) Tj ET Q q 0 0 0 rg BT 454.12 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.75 682.25 Td (North ) Tj ET Q q 0 0 0 rg BT 491.64 682.25 Td (America) Tj ET Q q 0 0 0 rg BT 528.85 682.25 Td (s ) Tj ET Q q 0 0 0 rg BT 536.03 682.25 Td (lar) Tj ET Q q 0 0 0 rg BT 546.40 682.25 Td (gest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 88.08 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.91 670.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 129.73 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.67 670.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 192.49 670.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 216.09 670.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 243.30 670.25 Td (including ) Tj ET Q q 0 0 0 rg BT 283.58 670.25 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 328.83 670.25 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 366.59 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.53 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 390.47 670.25 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 446.27 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.10 670.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 491.82 670.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 512.64 670.25 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.74 649.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.33 649.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.36 649.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.36 649.25 Td ( ) Tj ET Q q 0 0 0 rg BT 151.05 649.25 Td (reportable ) Tj ET Q q 0 0 0 rg BT 196.28 649.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 238.20 649.25 Td (as ) Tj ET Q q 0 0 0 rg BT 251.22 649.25 Td (follows: ) Tj ET Q q 0 0 0 rg BT 288.70 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.58 649.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 329.27 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.41 649.25 Td (Metals ) Tj ET Q q 0 0 0 rg BT 380.32 649.25 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 425.56 649.25 Td (\("AMR"\) ) Tj ET Q q 0 0 0 rg BT 467.87 649.25 Td (business ) Tj ET Q q 0 0 0 rg BT 506.46 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.59 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 649.25 Td (Steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.25 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 111.09 637.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 148.81 637.25 Td (\("SMB"\). ) Tj ET Q q 0 0 0 rg BT 188.94 637.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 213.89 637.25 Td (buys, ) Tj ET Q q 0 0 0 rg BT 237.44 637.25 Td (collects, ) Tj ET Q q 0 0 0 rg BT 272.64 637.25 Td (processes, ) Tj ET Q q 0 0 0 rg BT 315.63 637.25 Td (recycles, ) Tj ET Q q 0 0 0 rg BT 353.04 637.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 372.98 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.58 637.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 421.74 637.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 445.00 637.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 469.37 637.25 Td (through ) Tj ET Q q 0 0 0 rg BT 502.64 637.25 Td (its ) Tj ET Q q 0 0 0 rg BT 514.25 637.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 554.18 637.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.25 Td (one ) Tj ET Q q 0 0 0 rg BT 66.12 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 76.63 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.03 625.25 Td (lar) Tj ET Q q 0 0 0 rg BT 101.40 625.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 119.69 625.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 147.98 625.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 187.36 625.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 231.77 625.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.73 625.25 Td (North ) Tj ET Q q 0 0 0 rg BT 266.76 625.25 Td (America ) Tj ET Q q 0 0 0 rg BT 303.36 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.98 625.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 355.48 625.25 Td (one ) Tj ET Q q 0 0 0 rg BT 372.10 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.62 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.02 625.25 Td (country's ) Tj ET Q q 0 0 0 rg BT 435.44 625.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 467.06 625.25 Td (networks ) Tj ET Q q 0 0 0 rg BT 505.90 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.41 625.25 Td (self-service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.25 Td (used ) Tj ET Q q 0 0 0 rg BT 70.28 613.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 89.94 613.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 111.83 613.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 137.61 613.25 Td (which ) Tj ET Q q 0 0 0 rg BT 164.49 613.25 Td (supplies ) Tj ET Q q 0 0 0 rg BT 199.18 613.25 Td (AMR's ) Tj ET Q q 0 0 0 rg BT 230.10 613.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 271.99 613.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 308.87 613.25 Td (with ) Tj ET Q q 0 0 0 rg BT 329.09 613.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 374.86 613.25 Td (that ) Tj ET Q q 0 0 0 rg BT 392.31 613.25 Td (are ) Tj ET Q q 0 0 0 rg BT 406.96 613.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 448.84 613.25 Td (into ) Tj ET Q q 0 0 0 rg BT 466.84 613.25 Td (saleable ) Tj ET Q q 0 0 0 rg BT 501.49 613.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 537.80 613.25 Td (metal. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 72.80 601.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 114.41 601.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 167.14 601.25 Td (all ) Tj ET Q q 0 0 0 rg BT 179.32 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.83 601.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.46 601.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 237.50 601.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 261.89 601.25 Td (from ) Tj ET Q q 0 0 0 rg BT 283.03 601.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 307.99 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.61 601.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 344.01 601.25 Td (its ) Tj ET Q q 0 0 0 rg BT 355.64 601.25 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 395.60 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.56 601.25 Td (process ) Tj ET Q q 0 0 0 rg BT 437.73 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.13 601.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 488.17 601.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 512.56 601.25 Td (into ) Tj ET Q q 0 0 0 rg BT 530.30 601.25 Td (finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.33 589.25 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.11 568.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.39 568.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 119.78 568.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.78 568.25 Td (, ) Tj ET Q q 0 0 0 rg BT 144.78 568.25 Td (all ) Tj ET Q q 0 0 0 rg BT 157.28 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.11 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.83 568.25 Td (Company) Tj ET Q q 0 0 0 rg BT 224.49 568.25 Td (s ) Tj ET Q q 0 0 0 rg BT 230.88 568.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 267.81 568.25 Td (were ) Tj ET Q q 0 0 0 rg BT 289.74 568.25 Td (located ) Tj ET Q q 0 0 0 rg BT 321.11 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.39 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.11 568.25 Td (United ) Tj ET Q q 0 0 0 rg BT 375.82 568.25 Td (States ) Tj ET Q q 0 0 0 rg BT 402.21 568.25 Td (\(U.S.\) ) Tj ET Q q 0 0 0 rg BT 438.03 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.97 568.25 Td (its ) Tj ET Q q 0 0 0 rg BT 466.92 568.25 Td (territories ) Tj ET Q q 0 0 0 rg BT 508.29 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.23 568.25 Td (Canada.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (Note 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 544.25 Td ( Summary of Significant ) Tj ET Q q 0 0 0 rg BT 190.61 544.25 Td (Accounting Policies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 523.25 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.87 505.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 127.47 505.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 169.51 505.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 218.21 505.25 Td (include ) Tj ET Q q 0 0 0 rg BT 252.47 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.52 505.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 309.33 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.48 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.52 505.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.24 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.50 505.25 Td (its ) Tj ET Q q 0 0 0 rg BT 416.77 505.25 Td (majority-owned ) Tj ET Q q 0 0 0 rg BT 485.47 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.73 505.25 Td (wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 101.66 493.25 Td (The ) Tj ET Q q 0 0 0 rg BT 119.85 493.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 147.48 493.25 Td (method ) Tj ET Q q 0 0 0 rg BT 180.11 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.08 493.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 237.59 493.25 Td (is ) Tj ET Q q 0 0 0 rg BT 246.89 493.25 Td (used ) Tj ET Q q 0 0 0 rg BT 267.86 493.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.16 493.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 332.57 493.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.98 493.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 363.95 493.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 400.47 493.25 Td (over ) Tj ET Q q 0 0 0 rg BT 420.87 493.25 Td (which ) Tj ET Q q 0 0 0 rg BT 447.95 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.80 493.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.32 493.25 Td (has ) Tj ET Q q 0 0 0 rg BT 520.29 493.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 88.98 481.25 Td (but ) Tj ET Q q 0 0 0 rg BT 104.03 481.25 Td (does ) Tj ET Q q 0 0 0 rg BT 124.63 481.25 Td (not ) Tj ET Q q 0 0 0 rg BT 139.68 481.25 Td (have ) Tj ET Q q 0 0 0 rg BT 160.83 481.25 Td (ef) Tj ET Q q 0 0 0 rg BT 168.42 481.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.89 481.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 230.49 481.25 Td (All ) Tj ET Q q 0 0 0 rg BT 245.54 481.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 290.03 481.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 347.28 481.25 Td (account ) Tj ET Q q 0 0 0 rg BT 380.65 481.25 Td (balances, ) Tj ET Q q 0 0 0 rg BT 419.84 481.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 472.38 481.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 500.76 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.47 481.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 543.64 481.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.25 Td (been ) Tj ET Q q 0 0 0 rg BT 70.74 469.25 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 117.30 469.25 Td (All ) Tj ET Q q 0 0 0 rg BT 132.44 469.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 182.57 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.38 469.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 252.85 469.25 Td (with ) Tj ET Q q 0 0 0 rg BT 272.99 469.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 310.35 469.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 344.92 469.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 376.72 469.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 407.97 469.25 Td (are ) Tj ET Q q 0 0 0 rg BT 422.54 469.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 463.22 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.37 469.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 515.72 469.25 Td (whether ) 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 (Company ) Tj ET Q q 0 0 0 rg BT 91.13 457.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.55 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.51 457.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 149.92 457.25 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 197.63 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.71 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.67 457.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 257.80 457.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 296.63 457.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 336.03 457.25 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 394.96 457.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.26 457.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.89 457.25 Td (does ) Tj ET Q q 0 0 0 rg BT 475.97 457.25 Td (not ) Tj ET Q q 0 0 0 rg BT 491.49 457.25 Td (have ) Tj ET Q q 0 0 0 rg BT 513.12 457.25 Td (any ) Tj ET Q q 0 0 0 rg BT 530.30 457.25 Td (variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.43 445.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 112.82 445.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 151.97 445.25 Td (consolidation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (Accounting Changes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.16 406.25 Td (April ) Tj ET Q q 0 0 0 rg BT 81.98 406.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 106.19 406.25 Td (an ) Tj ET Q q 0 0 0 rg BT 117.34 406.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 162.92 406.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 198.51 406.25 Td (update ) Tj ET Q q 0 0 0 rg BT 226.88 406.25 Td (was ) Tj ET Q q 0 0 0 rg BT 244.14 406.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 270.85 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 287.55 406.25 Td (amends ) Tj ET Q q 0 0 0 rg BT 319.81 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.74 406.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 387.65 406.25 Td (for ) Tj ET Q q 0 0 0 rg BT 401.02 406.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 439.39 406.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 492.20 406.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 538.07 406.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.10 394.25 Td (include ) Tj ET Q q 0 0 0 rg BT 102.92 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.74 394.25 Td (component ) Tj ET Q q 0 0 0 rg BT 158.56 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.27 394.25 Td (an ) Tj ET Q q 0 0 0 rg BT 183.09 394.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 209.25 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 220.96 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.79 394.25 Td (group ) Tj ET Q q 0 0 0 rg BT 255.50 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.21 394.25 Td (components ) Tj ET Q q 0 0 0 rg BT 318.92 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.64 394.25 Td (an ) Tj ET Q q 0 0 0 rg BT 343.46 394.25 Td (entity) Tj ET Q q 0 0 0 rg BT 365.58 394.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.22 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 390.15 394.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 444.08 394.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 466.35 394.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 520.84 394.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.32 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.26 382.25 Td (disposals ) Tj ET Q q 0 0 0 rg BT 137.10 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.60 382.25 Td (components ) Tj ET Q q 0 0 0 rg BT 198.09 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.58 382.25 Td (an ) Tj ET Q q 0 0 0 rg BT 220.19 382.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 245.13 382.25 Td (that ) Tj ET Q q 0 0 0 rg BT 262.29 382.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 301.10 382.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 337.13 382.25 Td (shifts ) Tj ET Q q 0 0 0 rg BT 360.97 382.25 Td (that ) Tj ET Q q 0 0 0 rg BT 378.13 382.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 401.67 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.17 382.25 Td (will ) Tj ET Q q 0 0 0 rg BT 429.89 382.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 453.43 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 460.04 382.25 Td (major ) Tj ET Q q 0 0 0 rg BT 485.53 382.25 Td (ef) Tj ET Q q 0 0 0 rg BT 493.12 382.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 510.27 382.25 Td (on ) Tj ET Q q 0 0 0 rg BT 522.43 382.25 Td (an ) Tj ET Q q 0 0 0 rg BT 534.04 382.25 Td (entity's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.43 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.15 370.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.41 370.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 178.13 370.25 Td (The ) Tj ET Q q 0 0 0 rg BT 195.95 370.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 248.77 370.25 Td (require ) Tj ET Q q 0 0 0 rg BT 279.37 370.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 319.96 370.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 362.79 370.25 Td (about ) Tj ET Q q 0 0 0 rg BT 387.28 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.77 370.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 429.88 370.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 471.88 370.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.69 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.41 370.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.45 358.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 116.18 358.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 163.96 358.25 Td (Further) Tj ET Q q 0 0 0 rg BT 192.99 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 199.12 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.95 358.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 269.12 358.25 Td (require ) Tj ET Q q 0 0 0 rg BT 301.06 358.25 Td (an ) Tj ET Q q 0 0 0 rg BT 314.12 358.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 340.51 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.91 358.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 387.75 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.59 358.25 Td (pretax ) Tj ET Q q 0 0 0 rg BT 432.20 358.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 458.04 358.25 Td (or ) Tj ET Q q 0 0 0 rg BT 469.99 358.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 489.17 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.12 358.25 Td (an ) Tj ET Q q 0 0 0 rg BT 514.18 358.25 Td (individually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 93.78 346.25 Td (component ) Tj ET Q q 0 0 0 rg BT 140.29 346.25 Td (that ) Tj ET Q q 0 0 0 rg BT 157.35 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 166.09 346.25 Td (being ) Tj ET Q q 0 0 0 rg BT 190.38 346.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 227.45 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.85 346.25 Td (that ) Tj ET Q q 0 0 0 rg BT 254.92 346.25 Td (does ) Tj ET Q q 0 0 0 rg BT 275.32 346.25 Td (not ) Tj ET Q q 0 0 0 rg BT 290.16 346.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 320.56 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.29 346.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 387.46 346.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 431.19 346.25 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 472.27 346.25 Td (The ) Tj ET Q q 0 0 0 rg BT 489.88 346.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 530.84 346.25 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.43 334.25 Td (new ) Tj ET Q q 0 0 0 rg BT 83.79 334.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 134.81 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.30 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.23 334.25 Td (first ) Tj ET Q q 0 0 0 rg BT 179.04 334.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 210.07 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.11 334.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 245.47 334.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 268.18 334.25 Td (with ) Tj ET Q q 0 0 0 rg BT 288.67 334.25 Td (no ) Tj ET Q q 0 0 0 rg BT 301.38 334.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 331.30 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.79 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.71 334.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 412.19 334.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 452.12 334.25 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 501.01 334.25 Td (The ) Tj ET Q q 0 0 0 rg BT 519.27 334.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 555.85 334.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.43 322.25 Td (be ) Tj ET Q q 0 0 0 rg BT 71.03 322.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 102.62 322.25 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 158.65 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.58 322.25 Td (all ) Tj ET Q q 0 0 0 rg BT 180.73 322.25 Td (disposals ) Tj ET Q q 0 0 0 rg BT 219.56 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.04 322.25 Td (classifications ) Tj ET Q q 0 0 0 rg BT 288.85 322.25 Td (as ) Tj ET Q q 0 0 0 rg BT 299.33 322.25 Td (held ) Tj ET Q q 0 0 0 rg BT 318.71 322.25 Td (for ) Tj ET Q q 0 0 0 rg BT 332.52 322.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 350.23 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.71 322.25 Td (components ) Tj ET Q q 0 0 0 rg BT 411.19 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.79 322.25 Td (all ) Tj ET Q q 0 0 0 rg BT 439.94 322.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 484.31 322.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 503.97 322.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.12 322.25 Td (acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 310.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 104.47 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 115.30 310.25 Td (held ) Tj ET Q q 0 0 0 rg BT 135.02 310.25 Td (for ) Tj ET Q q 0 0 0 rg BT 149.18 310.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 167.22 310.25 Td (that ) Tj ET Q q 0 0 0 rg BT 184.72 310.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 209.43 310.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 251.92 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.20 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.92 310.25 Td (first ) Tj ET Q q 0 0 0 rg BT 295.53 310.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 326.34 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.17 310.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 361.33 310.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 386.33 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.26 310.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 434.65 310.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 466.58 310.25 Td (within ) Tj ET Q q 0 0 0 rg BT 494.64 310.25 Td (that ) Tj ET Q q 0 0 0 rg BT 512.14 310.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 536.29 310.25 Td (year) Tj ET Q q 0 0 0 rg BT 552.95 310.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.29 289.25 Td (November ) Tj ET Q q 0 0 0 rg BT 106.96 289.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 132.93 289.25 Td (an ) Tj ET Q q 0 0 0 rg BT 145.83 289.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 193.16 289.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 230.50 289.25 Td (update ) Tj ET Q q 0 0 0 rg BT 260.62 289.25 Td (was ) Tj ET Q q 0 0 0 rg BT 279.64 289.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 308.10 289.25 Td (that ) Tj ET Q q 0 0 0 rg BT 326.56 289.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 362.23 289.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 399.00 289.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.68 289.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 455.36 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.26 289.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.06 289.25 Td (be ) Tj ET Q q 0 0 0 rg BT 512.96 289.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 554.18 289.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 95.50 277.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.96 277.25 Td (a ) Tj ET Q q 0 0 0 rg BT 113.09 277.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 154.09 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.11 277.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 202.78 277.25 Td (position. ) Tj ET Q q 0 0 0 rg BT 239.99 277.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.40 277.25 Td (o ) Tj ET Q q 0 0 0 rg BT 253.09 277.25 Td (simplify ) Tj ET Q q 0 0 0 rg BT 289.11 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.01 277.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 355.57 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.59 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.49 277.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 428.75 277.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 464.75 277.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 479.65 277.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 519.55 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.67 277.25 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.25 Td (along ) Tj ET Q q 0 0 0 rg BT 74.04 265.25 Td (with ) Tj ET Q q 0 0 0 rg BT 94.15 265.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 133.69 265.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 180.44 265.25 Td (against ) Tj ET Q q 0 0 0 rg BT 211.09 265.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 246.72 265.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 261.27 265.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 289.42 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.97 265.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 345.18 265.25 Td (early-adopted ) Tj ET Q q 0 0 0 rg BT 402.48 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.02 265.25 Td (new ) Tj ET Q q 0 0 0 rg BT 436.01 265.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 486.64 265.25 Td (as ) Tj ET Q q 0 0 0 rg BT 497.30 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.96 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.50 265.25 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.56 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.51 253.25 Td (first ) Tj ET Q q 0 0 0 rg BT 94.35 253.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 125.40 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.46 253.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 160.85 253.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 183.58 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.75 253.25 Td (is ) Tj ET Q q 0 0 0 rg BT 210.15 253.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 247.88 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.83 253.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 316.10 253.25 Td (prospectively) Tj ET Q q 0 0 0 rg BT 369.32 253.25 Td (. ) Tj ET Q q 0 0 0 rg BT 373.95 253.25 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 414.46 253.25 Td (of ) Tj ET Q q 0 0 0 rg BT 425.53 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.47 253.25 Td (new ) Tj ET Q q 0 0 0 rg BT 459.87 253.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 510.91 253.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 550.29 253.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 105.80 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.67 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.43 241.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 181.56 241.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 218.40 241.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.16 241.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 274.92 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.90 241.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.78 241.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 356.63 241.25 Td (in ) Tj ET Q q 0 0 0 rg BT 367.95 241.25 Td (its ) Tj ET Q q 0 0 0 rg BT 380.95 241.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 437.26 241.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 473.01 241.25 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 498.77 241.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 542.30 241.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.18 241.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (November ) Tj ET Q q 0 0 0 rg BT 95.96 229.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 112.71 229.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 139.45 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.14 229.25 Td (had ) Tj ET Q q 0 0 0 rg BT 176.83 229.25 Td (no ) Tj ET Q q 0 0 0 rg BT 191.08 229.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 222.54 229.25 Td (on ) Tj ET Q q 0 0 0 rg BT 236.79 229.25 Td (its ) Tj ET Q q 0 0 0 rg BT 250.49 229.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 305.28 229.25 Td (results ) Tj ET Q q 0 0 0 rg BT 335.63 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.21 229.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 394.12 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.80 229.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.82 229.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 463.49 229.25 Td (The ) Tj ET Q q 0 0 0 rg BT 483.28 229.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 536.95 229.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 217.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 139.48 217.25 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 164.19 217.25 Td (has ) Tj ET Q q 0 0 0 rg BT 180.02 217.25 Td (not ) Tj ET Q q 0 0 0 rg BT 195.30 217.25 Td (been ) Tj ET Q q 0 0 0 rg BT 216.68 217.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 278.60 217.25 Td (adjusted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.08 196.25 Td (April ) Tj ET Q q 0 0 0 rg BT 81.79 196.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 105.89 196.25 Td (an ) Tj ET Q q 0 0 0 rg BT 116.93 196.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 162.40 196.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 197.88 196.25 Td (update ) Tj ET Q q 0 0 0 rg BT 226.13 196.25 Td (was ) Tj ET Q q 0 0 0 rg BT 243.28 196.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 269.88 196.25 Td (that ) Tj ET Q q 0 0 0 rg BT 286.48 196.25 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 320.28 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.10 196.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 379.57 196.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.83 196.25 Td (cloud ) Tj ET Q q 0 0 0 rg BT 416.65 196.25 Td (computing ) Tj ET Q q 0 0 0 rg BT 461.03 196.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 516.49 196.25 Td (that ) Tj ET Q q 0 0 0 rg BT 533.08 196.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (software ) Tj ET Q q 0 0 0 rg BT 86.26 184.25 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 122.58 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.46 184.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 178.89 184.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 213.43 184.25 Td (that ) Tj ET Q q 0 0 0 rg BT 230.76 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 237.53 184.25 Td (cloud ) Tj ET Q q 0 0 0 rg BT 262.08 184.25 Td (computing ) Tj ET Q q 0 0 0 rg BT 307.18 184.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 359.49 184.25 Td (that ) Tj ET Q q 0 0 0 rg BT 376.82 184.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 412.47 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 419.25 184.25 Td (software ) Tj ET Q q 0 0 0 rg BT 456.01 184.25 Td (license ) Tj ET Q q 0 0 0 rg BT 486.10 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 497.88 184.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 540.74 184.25 Td (for ) Tj ET Q q 0 0 0 rg BT 554.73 184.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 172.25 Td (same ) Tj ET Q q 0 0 0 rg BT 88.07 172.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 120.95 172.25 Td (as ) Tj ET Q q 0 0 0 rg BT 132.19 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.31 172.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 194.09 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.32 172.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.77 172.25 Td (software ) Tj ET Q q 0 0 0 rg BT 266.10 172.25 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 303.16 172.25 Td (If ) Tj ET Q q 0 0 0 rg BT 312.72 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.84 172.25 Td (cloud ) Tj ET Q q 0 0 0 rg BT 352.96 172.25 Td (computing ) Tj ET Q q 0 0 0 rg BT 398.63 172.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 451.50 172.25 Td (does ) Tj ET Q q 0 0 0 rg BT 472.74 172.25 Td (not ) Tj ET Q q 0 0 0 rg BT 488.42 172.25 Td (include ) Tj ET Q q 0 0 0 rg BT 520.75 172.25 Td (a ) Tj ET Q q 0 0 0 rg BT 528.09 172.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (license, ) Tj ET Q q 0 0 0 rg BT 82.18 160.25 Td (then ) Tj ET Q q 0 0 0 rg BT 101.81 160.25 Td (it ) Tj ET Q q 0 0 0 rg BT 109.79 160.25 Td (should ) Tj ET Q q 0 0 0 rg BT 138.88 160.25 Td (be ) Tj ET Q q 0 0 0 rg BT 150.73 160.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 193.68 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 207.76 160.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.50 160.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.36 160.25 Td (service ) Tj ET Q q 0 0 0 rg BT 256.09 160.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 293.04 160.25 Td (T) Tj ET Q q 0 0 0 rg BT 298.45 160.25 Td (o ) Tj ET Q q 0 0 0 rg BT 305.86 160.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 334.93 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.56 160.25 Td (complexity ) Tj ET Q q 0 0 0 rg BT 396.97 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.71 160.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 451.78 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.42 160.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 512.70 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 526.78 160.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 545.30 160.25 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.18 148.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.52 148.25 Td (cloud ) Tj ET Q q 0 0 0 rg BT 92.63 148.25 Td (computing ) Tj ET Q q 0 0 0 rg BT 138.31 148.25 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 193.68 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.80 148.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.58 148.25 Td (early-adopted ) Tj ET Q q 0 0 0 rg BT 308.46 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.57 148.25 Td (new ) Tj ET Q q 0 0 0 rg BT 343.13 148.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 394.34 148.25 Td (as ) Tj ET Q q 0 0 0 rg BT 405.57 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.80 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.92 148.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 474.82 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.05 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.17 148.25 Td (third ) Tj ET Q q 0 0 0 rg BT 522.95 148.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.17 148.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 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0 0 rg BT 349.28 602.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (Accounts Receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 89.00 563.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 131.82 563.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 170.20 563.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 205.82 563.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 244.77 563.25 Td (due ) Tj ET Q q 0 0 0 rg BT 260.95 563.25 Td (from ) Tj ET Q q 0 0 0 rg BT 282.12 563.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 324.40 563.25 Td (on ) Tj ET Q q 0 0 0 rg BT 336.14 563.25 Td (product ) Tj ET Q q 0 0 0 rg BT 368.42 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.60 563.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.88 563.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 430.43 563.25 Td (These ) Tj ET Q q 0 0 0 rg BT 456.04 563.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 492.76 563.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 538.08 563.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.43 551.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 98.80 551.25 Td (by ) Tj ET Q q 0 0 0 rg BT 111.53 551.25 Td (an ) Tj ET Q q 0 0 0 rg BT 123.70 551.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 166.95 551.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.34 551.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 217.95 551.25 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 258.16 551.25 Td (are ) Tj ET Q q 0 0 0 rg BT 273.10 551.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 310.80 551.25 Td (at ) Tj ET Q q 0 0 0 rg BT 320.74 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.68 551.25 Td (invoiced ) Tj ET Q q 0 0 0 rg BT 372.84 551.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 405.57 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.73 551.25 Td (do ) Tj ET Q q 0 0 0 rg BT 435.46 551.25 Td (not ) Tj ET Q q 0 0 0 rg BT 450.96 551.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 470.89 551.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 505.36 551.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.63 551.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 88.22 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.96 539.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 155.68 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.53 539.25 Td (its ) Tj ET Q q 0 0 0 rg BT 176.50 539.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 213.00 539.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 255.60 539.25 Td (based ) Tj ET Q q 0 0 0 rg BT 279.89 539.25 Td (on ) Tj ET Q q 0 0 0 rg BT 291.41 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.37 539.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 348.88 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.73 539.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 389.96 539.25 Td (including ) Tj ET Q q 0 0 0 rg BT 429.25 539.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 462.98 539.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 483.94 539.25 Td (were ) Tj ET Q q 0 0 0 rg BT 504.89 539.25 Td (made ) Tj ET Q q 0 0 0 rg BT 528.06 539.25 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 58.88 527.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 84.92 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.86 527.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 119.23 527.25 Td (or ) Tj ET Q q 0 0 0 rg BT 129.17 527.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 153.54 527.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 193.46 527.25 Td (is ) Tj ET Q q 0 0 0 rg BT 201.74 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 211.12 527.25 Td (place. ) Tj ET Q q 0 0 0 rg BT 236.32 527.25 Td (In ) Tj ET Q q 0 0 0 rg BT 246.26 527.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 268.96 527.25 Td (where ) Tj ET Q q 0 0 0 rg BT 295.00 527.25 Td (management ) Tj ET Q q 0 0 0 rg BT 347.69 527.25 Td (is ) Tj ET Q q 0 0 0 rg BT 355.97 527.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 381.44 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.38 527.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 449.63 527.25 Td (that ) Tj ET Q q 0 0 0 rg BT 466.23 527.25 Td (may ) Tj ET Q q 0 0 0 rg BT 485.05 527.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 512.76 527.25 Td (a ) Tj ET Q q 0 0 0 rg BT 518.81 527.25 Td (customer) Tj ET Q q 0 0 0 rg BT 555.83 527.25 Td () Tj ET Q q 0 0 0 rg BT 558.61 527.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.95 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 90.62 515.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 113.95 515.25 Td (its ) Tj ET Q q 0 0 0 rg BT 127.29 515.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.17 515.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 217.01 515.25 Td (management ) Tj ET Q q 0 0 0 rg BT 271.99 515.25 Td (records ) Tj ET Q q 0 0 0 rg BT 305.32 515.25 Td (a ) Tj ET Q q 0 0 0 rg BT 313.65 515.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 348.64 515.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 393.07 515.25 Td (against ) Tj ET Q q 0 0 0 rg BT 425.29 515.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 463.07 515.25 Td (due ) Tj ET Q q 0 0 0 rg BT 481.41 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.74 515.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 534.17 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 550.28 515.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.79 503.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 139.30 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.51 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.15 503.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 196.58 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.22 503.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 252.54 503.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 287.73 503.25 Td (will ) Tj ET Q q 0 0 0 rg BT 305.72 503.25 Td (be ) Tj ET Q q 0 0 0 rg BT 317.59 503.25 Td (collected. ) Tj ET Q q 0 0 0 rg BT 358.60 503.25 Td (For ) Tj ET Q q 0 0 0 rg BT 374.92 503.25 Td (all ) Tj ET Q q 0 0 0 rg BT 387.35 503.25 Td (other ) Tj ET Q q 0 0 0 rg BT 410.33 503.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 455.80 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.45 503.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.76 503.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 553.07 503.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.84 491.25 Td (that ) Tj ET Q q 0 0 0 rg BT 110.65 491.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 151.22 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.25 491.25 Td (total ) Tj ET Q q 0 0 0 rg BT 186.83 491.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 234.61 491.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 286.59 491.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 326.61 491.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 368.84 491.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 390.53 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.78 491.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 449.46 491.25 Td (trends. ) Tj ET Q q 0 0 0 rg BT 478.59 491.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 519.16 491.25 Td (are ) Tj ET Q q 0 0 0 rg BT 534.18 491.25 Td (written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 479.25 Td (f ) Tj ET Q q 0 0 0 rg BT 63.09 479.25 Td (when ) Tj ET Q q 0 0 0 rg BT 86.85 479.25 Td (all ) Tj ET Q q 0 0 0 rg BT 98.96 479.25 Td (ef) Tj ET Q q 0 0 0 rg BT 106.54 479.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 126.98 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.87 479.25 Td (collect ) Tj ET Q q 0 0 0 rg BT 165.62 479.25 Td (have ) Tj ET Q q 0 0 0 rg BT 186.61 479.25 Td (been ) Tj ET Q q 0 0 0 rg BT 207.59 479.25 Td (exhausted. ) Tj ET Q q 0 0 0 rg BT 252.03 479.25 Td (The ) Tj ET Q q 0 0 0 rg BT 269.68 479.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 312.32 479.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.09 479.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 362.08 479.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 399.18 479.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.84 479.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 428.94 479.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.83 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 459.94 479.25 Td (as ) Tj ET Q q 0 0 0 rg BT 470.38 479.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.35 479.25 Td (August ) Tj ET Q q 0 0 0 rg BT 511.35 479.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.96 479.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 548.06 479.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 467.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.61 428.25 Td (Company) Tj ET Q q 0 0 0 rg BT 110.27 428.25 Td (s ) Tj ET Q q 0 0 0 rg BT 117.72 428.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 165.71 428.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.48 428.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 237.82 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.71 428.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 292.70 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.69 428.25 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 363.68 428.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 388.34 428.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 414.11 428.25 Td (\(ferrous, ) Tj ET Q q 0 0 0 rg BT 451.82 428.25 Td (nonferrous, ) Tj ET Q q 0 0 0 rg BT 501.20 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 428.25 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 92.19 416.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 113.81 416.25 Td (product ) Tj ET Q q 0 0 0 rg BT 147.64 416.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 178.13 416.25 Td (from ) Tj ET Q q 0 0 0 rg BT 200.85 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.35 416.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 277.94 416.25 Td (process\), ) Tj ET Q q 0 0 0 rg BT 317.04 416.25 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 374.75 416.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 396.36 416.25 Td (products ) Tj ET Q q 0 0 0 rg BT 434.08 416.25 Td (\(billets\), ) Tj ET Q q 0 0 0 rg BT 470.96 416.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 506.46 416.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 528.07 416.25 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 91.96 404.25 Td (rebar) Tj ET Q q 0 0 0 rg BT 112.09 404.25 Td (, ) Tj ET Q q 0 0 0 rg BT 116.50 404.25 Td (wire ) Tj ET Q q 0 0 0 rg BT 136.19 404.25 Td (rod ) Tj ET Q q 0 0 0 rg BT 151.43 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.78 404.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 206.90 404.25 Td (bar\) ) Tj ET Q q 0 0 0 rg BT 224.91 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.26 404.25 Td (used ) Tj ET Q q 0 0 0 rg BT 261.50 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.85 404.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 314.75 404.25 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 351.93 404.25 Td (which ) Tj ET Q q 0 0 0 rg BT 378.28 404.25 Td (are ) Tj ET Q q 0 0 0 rg BT 392.40 404.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 427.63 404.25 Td (within ) Tj ET Q q 0 0 0 rg BT 455.10 404.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 489.23 404.25 Td (goods. ) Tj ET Q q 0 0 0 rg BT 517.53 404.25 Td (Inventories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.47 392.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 90.55 392.25 Td (at ) Tj ET Q q 0 0 0 rg BT 100.53 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.50 392.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 141.03 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.12 392.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 170.98 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 182.07 392.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 214.49 392.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 240.03 392.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 286.66 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.64 392.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 320.50 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.59 392.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 362.67 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.87 392.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 425.95 392.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 473.14 392.25 Td (using ) Tj ET Q q 0 0 0 rg BT 497.57 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.54 392.25 Td (average ) Tj ET Q q 0 0 0 rg BT 546.39 392.25 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (method ) Tj ET Q q 0 0 0 rg BT 82.29 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.52 380.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 144.51 380.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 197.85 380.25 Td (all ) Tj ET Q q 0 0 0 rg BT 210.64 380.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 236.19 380.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 258.99 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.22 380.25 Td (yard ) Tj ET Q q 0 0 0 rg BT 296.78 380.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.57 380.25 Td (into ) Tj ET Q q 0 0 0 rg BT 337.92 380.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 375.59 380.25 Td (. ) Tj ET Q q 0 0 0 rg BT 380.27 380.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 405.84 380.25 Td (allocates ) Tj ET Q q 0 0 0 rg BT 443.62 380.25 Td (material ) Tj ET Q q 0 0 0 rg BT 479.17 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.40 380.25 Td (production ) Tj ET Q q 0 0 0 rg BT 542.51 380.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.99 368.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 81.03 368.25 Td (products ) Tj ET Q q 0 0 0 rg BT 118.18 368.25 Td (using ) Tj ET Q q 0 0 0 rg BT 142.56 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.48 368.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 181.31 368.25 Td (mar) Tj ET Q q 0 0 0 rg BT 196.67 368.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 212.16 368.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 246.77 368.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 272.26 368.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 318.84 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.76 368.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 352.58 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.62 368.25 Td (used ) Tj ET Q q 0 0 0 rg BT 384.66 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.81 368.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 439.50 368.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 471.08 368.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 512.12 368.25 Td (based ) Tj ET Q q 0 0 0 rg BT 537.59 368.25 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 368.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (average ) Tj ET Q q 0 0 0 rg BT 82.67 356.25 Td (price ) Tj ET Q q 0 0 0 rg BT 104.74 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.05 356.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.02 356.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 180.44 356.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.19 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 200.71 356.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 231.67 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.20 356.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 292.48 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.79 356.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 337.75 356.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 355.94 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.47 356.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 425.11 356.25 Td (all ) Tj ET Q q 0 0 0 rg BT 437.19 356.25 Td (production ) Tj ET Q q 0 0 0 rg BT 482.60 356.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 504.69 356.25 Td (into ) Tj ET Q q 0 0 0 rg BT 522.33 356.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 560.01 356.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 72.84 344.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 118.92 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.35 344.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 151.67 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.22 344.25 Td (its ) Tj ET Q q 0 0 0 rg BT 173.88 344.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 208.31 344.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 228.85 344.25 Td (product ) Tj ET Q q 0 0 0 rg BT 261.61 344.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 302.15 344.25 Td (based ) Tj ET Q q 0 0 0 rg BT 327.13 344.25 Td (on ) Tj ET Q q 0 0 0 rg BT 339.34 344.25 Td (average ) Tj ET Q q 0 0 0 rg BT 372.64 344.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 394.85 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.50 344.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 455.92 344.25 Td (all ) Tj ET Q q 0 0 0 rg BT 468.12 344.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 493.10 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.75 344.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 542.51 344.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 332.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 122.52 332.25 Td (into ) Tj ET Q q 0 0 0 rg BT 141.26 332.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 178.94 332.25 Td (. ) Tj ET Q q 0 0 0 rg BT 184.62 332.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 218.90 332.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.09 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.61 332.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 315.11 332.25 Td (include ) Tj ET Q q 0 0 0 rg BT 347.73 332.25 Td (general ) Tj ET Q q 0 0 0 rg BT 380.34 332.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 403.52 332.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 429.21 332.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 482.92 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.55 332.25 Td (yard ) Tj ET Q q 0 0 0 rg BT 521.51 332.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 546.96 332.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.71 320.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 130.81 320.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 171.45 320.25 Td (future ) Tj ET Q q 0 0 0 rg BT 197.66 320.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 226.65 320.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.85 320.25 Td (when ) Tj ET Q q 0 0 0 rg BT 276.83 320.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 327.48 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.02 320.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 382.67 320.25 Td (net ) Tj ET Q q 0 0 0 rg BT 397.21 320.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 438.39 320.25 Td (value ) Tj ET Q q 0 0 0 rg BT 462.38 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.03 320.25 Td (its ) Tj ET Q q 0 0 0 rg BT 484.81 320.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 522.48 320.25 Td (. ) Tj ET Q q 0 0 0 rg BT 526.79 320.25 Td (As ) Tj ET Q q 0 0 0 rg BT 539.72 320.25 Td (AMR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.42 308.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 109.92 308.25 Td (its ) Tj ET Q q 0 0 0 rg BT 122.08 308.25 Td (export ) Tj ET Q q 0 0 0 rg BT 150.34 308.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 186.92 308.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 217.96 308.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 242.89 308.25 Td (under ) Tj ET Q q 0 0 0 rg BT 268.38 308.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 307.19 308.25 Td (that ) Tj ET Q q 0 0 0 rg BT 324.90 308.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 358.16 308.25 Td (for ) Tj ET Q q 0 0 0 rg BT 372.54 308.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 411.92 308.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.20 308.25 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.20 308.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.92 308.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.41 308.25 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.41 308.25 Td ( ) Tj ET Q q 0 0 0 rg BT 476.13 308.25 Td (days ) Tj ET Q q 0 0 0 rg BT 497.18 308.25 Td (after ) Tj ET Q q 0 0 0 rg BT 518.21 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.14 308.25 Td (price ) Tj ET Q q 0 0 0 rg BT 555.85 308.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 81.96 296.25 Td (it ) Tj ET Q q 0 0 0 rg BT 90.82 296.25 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 123.01 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.54 296.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 168.51 296.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 195.70 296.25 Td (under ) Tj ET Q q 0 0 0 rg BT 221.78 296.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 267.86 296.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 307.26 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.01 296.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 347.76 296.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 376.06 296.25 Td (for ) Tj ET Q q 0 0 0 rg BT 391.03 296.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 442.66 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.18 296.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.81 296.25 Td (market ) Tj ET Q q 0 0 0 rg BT 530.88 296.25 Td (price ) Tj ET Q q 0 0 0 rg BT 554.18 296.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 90.88 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 103.38 284.25 Td (hand ) Tj ET Q q 0 0 0 rg BT 125.32 284.25 Td (that ) Tj ET Q q 0 0 0 rg BT 142.82 284.25 Td (will ) Tj ET Q q 0 0 0 rg BT 160.87 284.25 Td (be ) Tj ET Q q 0 0 0 rg BT 172.81 284.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 206.42 284.25 Td (under ) Tj ET Q q 0 0 0 rg BT 231.69 284.25 Td (these ) Tj ET Q q 0 0 0 rg BT 254.73 284.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 293.33 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.27 284.25 Td (orders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.24 263.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.33 263.25 Td (performs ) Tj ET Q q 0 0 0 rg BT 146.62 263.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 181.58 263.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 217.11 263.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 263.74 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.71 263.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 299.79 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.20 263.25 Td (quantity ) Tj ET Q q 0 0 0 rg BT 349.17 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.70 263.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 400.22 263.25 Td (on ) Tj ET Q q 0 0 0 rg BT 412.42 263.25 Td (hand. ) Tj ET Q q 0 0 0 rg BT 436.56 263.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 455.41 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.39 263.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 507.02 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.00 263.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 540.29 263.25 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (product ) Tj ET Q q 0 0 0 rg BT 83.82 251.25 Td (density) Tj ET Q q 0 0 0 rg BT 112.05 251.25 Td (, ) Tj ET Q q 0 0 0 rg BT 118.32 251.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 152.65 251.25 Td (period ) Tj ET Q q 0 0 0 rg BT 181.97 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.17 251.25 Td (production ) Tj ET Q q 0 0 0 rg BT 247.27 251.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 289.36 251.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 323.12 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.67 251.25 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 388.41 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.39 251.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 445.10 251.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 482.20 251.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 530.40 251.25 Td (will ) Tj ET Q q 0 0 0 rg BT 549.72 251.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 96.59 239.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 123.14 239.25 Td (all ) Tj ET Q q 0 0 0 rg BT 135.80 239.25 Td (variances ) Tj ET Q q 0 0 0 rg BT 176.23 239.25 Td (for ) Tj ET Q q 0 0 0 rg BT 190.56 239.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 214.33 239.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 239.21 239.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 280.21 239.25 Td (such ) Tj ET Q q 0 0 0 rg BT 301.21 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 318.88 239.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 358.76 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.76 239.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 411.31 239.25 Td (are ) Tj ET Q q 0 0 0 rg BT 426.19 239.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 464.48 239.25 Td (T) Tj ET Q q 0 0 0 rg BT 469.89 239.25 Td (o ) Tj ET Q q 0 0 0 rg BT 477.56 239.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 513.00 239.25 Td (this ) Tj ET Q q 0 0 0 rg BT 530.12 239.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 550.29 239.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.38 227.25 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 120.14 227.25 Td (its ) Tj ET Q q 0 0 0 rg BT 131.58 227.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 161.89 227.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 197.21 227.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 243.63 227.25 Td (when ) Tj ET Q q 0 0 0 rg BT 267.28 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.49 227.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 313.47 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.79 227.25 Td (a ) Tj ET Q q 0 0 0 rg BT 330.22 227.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 377.76 227.25 Td (is ) Tj ET Q q 0 0 0 rg BT 386.42 227.25 Td (low ) Tj ET Q q 0 0 0 rg BT 403.41 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.84 227.25 Td (a ) Tj ET Q q 0 0 0 rg BT 426.27 227.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 461.58 227.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 501.90 227.25 Td (count ) Tj ET Q q 0 0 0 rg BT 526.10 227.25 Td (can ) Tj ET Q q 0 0 0 rg BT 541.97 227.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 93.08 215.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 128.90 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.62 215.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 186.66 215.25 Td (volume.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (Property) Tj ET Q q 0 0 0 rg BT 84.68 194.25 Td (, Plant and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (Property) Tj ET Q q 0 0 0 rg BT 83.29 176.25 Td (, ) Tj ET Q q 0 0 0 rg BT 88.96 176.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 112.13 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.74 176.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 175.13 176.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.51 176.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.65 176.25 Td (at ) Tj ET Q q 0 0 0 rg BT 239.04 176.25 Td (cost. ) Tj ET Q q 0 0 0 rg BT 260.83 176.25 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 316.76 176.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.59 176.25 Td (major ) Tj ET Q q 0 0 0 rg BT 358.09 176.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 397.93 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.54 176.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 475.93 176.25 Td (are ) Tj ET Q q 0 0 0 rg BT 491.31 176.25 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 540.29 176.25 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (routine ) Tj ET Q q 0 0 0 rg BT 79.69 164.25 Td (repair ) Tj ET Q q 0 0 0 rg BT 104.86 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.16 164.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 173.55 164.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.41 164.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.48 164.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 248.54 164.25 Td (as ) Tj ET Q q 0 0 0 rg BT 258.73 164.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 296.41 164.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 328.25 164.25 Td (related ) Tj ET Q q 0 0 0 rg BT 357.32 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.96 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.03 164.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 432.33 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.52 164.25 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 485.48 164.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.67 164.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.20 164.25 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.37 152.25 Td (part ) Tj ET Q q 0 0 0 rg BT 78.45 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.32 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.08 152.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 156.05 152.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 178.59 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.56 152.25 Td (was ) Tj ET Q q 0 0 0 rg BT 213.65 152.25 Td (not ) Tj ET Q q 0 0 0 rg BT 228.97 152.25 Td (material ) Tj ET Q q 0 0 0 rg BT 264.27 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.58 152.25 Td (any ) Tj ET Q q 0 0 0 rg BT 291.56 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.43 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.18 152.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 349.16 152.25 Td (presented. ) Tj ET Q q 0 0 0 rg BT 392.33 152.25 Td (When ) Tj ET Q q 0 0 0 rg BT 418.74 152.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 444.61 152.25 Td (are ) Tj ET Q q 0 0 0 rg BT 459.36 152.25 Td (retired ) Tj ET Q q 0 0 0 rg BT 487.99 152.25 Td (or ) Tj ET Q q 0 0 0 rg BT 498.86 152.25 Td (sold, ) Tj ET Q q 0 0 0 rg BT 520.56 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.32 152.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.64 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.11 140.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 136.67 140.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 188.11 140.25 Td (are ) Tj ET Q q 0 0 0 rg BT 202.35 140.25 Td (removed ) Tj ET Q q 0 0 0 rg BT 239.37 140.25 Td (from ) Tj ET Q q 0 0 0 rg BT 260.84 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.08 140.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 312.10 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.57 140.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 365.59 140.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 388.73 140.25 Td (or ) Tj ET Q q 0 0 0 rg BT 399.09 140.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 425.01 140.25 Td (are ) Tj ET Q q 0 0 0 rg BT 439.25 140.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 478.48 140.25 Td (included ) Tj ET Q q 0 0 0 rg BT 514.95 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.76 140.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 86.75 128.25 Td (Gains ) Tj ET Q q 0 0 0 rg BT 112.62 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.60 128.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 156.04 128.25 Td (from ) Tj ET Q q 0 0 0 rg BT 178.02 128.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 200.00 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.88 128.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 236.75 128.25 Td (related ) Tj ET Q q 0 0 0 rg BT 266.49 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.81 128.25 Td (an ) Tj ET Q q 0 0 0 rg BT 288.80 128.25 Td (exit ) Tj ET Q q 0 0 0 rg BT 306.33 128.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 338.87 128.25 Td (are ) Tj ET Q q 0 0 0 rg BT 353.62 128.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 389.48 128.25 Td (within ) Tj ET Q q 0 0 0 rg BT 417.58 128.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 471.21 128.25 Td (char) Tj ET Q q 0 0 0 rg BT 488.24 128.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 504.11 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.09 128.25 Td (other ) Tj ET Q q 0 0 0 rg BT 544.18 128.25 Td (exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.70 116.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 116.80 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.58 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.79 116.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 195.57 116.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 241.45 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.78 116.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 300.15 116.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 353.79 116.25 Td (is ) Tj ET Q q 0 0 0 rg BT 362.46 116.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 399.44 116.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.44 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.88 116.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 468.20 116.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 490.20 116.25 Td (over ) Tj ET Q q 0 0 0 rg BT 509.96 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.18 116.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 75.92 104.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 96.79 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.10 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.30 104.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 149.11 104.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 173.31 104.25 Td (idling ) Tj ET Q q 0 0 0 rg BT 198.63 104.25 Td (an ) Tj ET Q q 0 0 0 rg BT 210.05 104.25 Td (asset, ) Tj ET Q q 0 0 0 rg BT 233.97 104.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 285.37 104.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 325.68 104.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.44 104.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.86 104.25 Td (recorded. ) Tj ET Q q 0 0 0 rg BT 386.31 104.25 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 429.39 104.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 488.58 104.25 Td (are ) Tj ET Q q 0 0 0 rg BT 502.77 104.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 544.73 104.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 92.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 94.49 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.32 92.25 Td (their ) Tj ET Q q 0 0 0 rg BT 126.14 92.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.96 92.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 193.90 92.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 215.29 92.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.12 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.83 92.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 283.88 92.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 306.36 92.25 Td (term.) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (61) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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0 rg BT 264.85 388.10 Td (other ) Tj ET Q q 0 0 0 rg BT 288.27 388.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 335.56 388.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 379.51 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 401.82 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.13 388.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 444.21 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.75 388.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 499.94 388.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 538.35 388.10 Td (when, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.73 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.20 376.10 Td (current ) Tj ET Q q 0 0 0 rg BT 117.98 376.10 Td (information ) Tj ET Q q 0 0 0 rg BT 167.66 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.56 376.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 215.08 376.10 Td (it ) Tj ET Q q 0 0 0 rg BT 223.10 376.10 Td (is ) Tj ET Q q 0 0 0 rg BT 232.23 376.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 269.69 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.15 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.83 376.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 343.18 376.10 Td (will ) Tj ET Q q 0 0 0 rg BT 361.20 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.11 376.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 402.23 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.47 376.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 441.59 376.10 Td (all ) Tj ET Q q 0 0 0 rg BT 454.05 376.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 490.40 376.10 Td (due ) Tj ET Q q 0 0 0 rg BT 507.31 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 376.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.26 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.46 364.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 132.86 364.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 158.05 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.37 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.56 364.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 231.69 364.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 255.76 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.18 364.10 Td (note ) Tj ET Q q 0 0 0 rg BT 283.38 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 294.69 364.10 Td (other ) Tj ET Q q 0 0 0 rg BT 318.22 364.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 365.62 364.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 409.68 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 432.10 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.52 364.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 474.72 364.10 Td (has ) Tj ET Q q 0 0 0 rg BT 491.03 364.10 Td (been ) Tj ET Q q 0 0 0 rg BT 512.89 364.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 554.19 364.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 89.55 352.10 Td (it ) Tj ET Q q 0 0 0 rg BT 97.12 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.80 352.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 146.13 352.10 Td (based ) Tj ET Q q 0 0 0 rg BT 170.91 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 182.92 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.14 352.10 Td (present ) Tj ET Q q 0 0 0 rg BT 228.03 352.10 Td (value ) Tj ET Q q 0 0 0 rg BT 251.70 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.04 352.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 302.38 352.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 339.92 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.71 352.10 Td (be ) Tj ET Q q 0 0 0 rg BT 361.16 352.10 Td (received, ) Tj ET Q q 0 0 0 rg BT 399.53 352.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 444.87 352.10 Td (at ) Tj ET Q q 0 0 0 rg BT 454.09 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.32 352.10 Td (receivable) Tj ET Q q 0 0 0 rg BT 512.18 352.10 Td (s ) Tj ET Q q 0 0 0 rg BT 518.08 352.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.71 340.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 101.96 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.07 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.50 340.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 184.13 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 201.90 340.10 Td (are ) Tj ET Q q 0 0 0 rg BT 216.88 340.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 243.54 340.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 287.41 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.18 340.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 340.15 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.58 340.10 Td (repayment, ) Tj ET Q q 0 0 0 rg BT 402.06 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.04 340.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 458.14 340.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 474.79 340.10 Td (value ) Tj ET Q q 0 0 0 rg BT 499.21 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.32 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.31 340.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (less ) Tj ET Q q 0 0 0 rg BT 67.05 328.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 107.92 328.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.47 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.79 328.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 159.73 328.10 Td (If ) Tj ET Q q 0 0 0 rg BT 168.94 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.70 328.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 219.57 328.10 Td (value ) Tj ET Q q 0 0 0 rg BT 243.77 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.65 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.42 328.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 313.04 328.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 347.24 328.10 Td (its ) Tj ET Q q 0 0 0 rg BT 359.24 328.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 408.42 328.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 443.46 328.10 Td (an ) Tj ET Q q 0 0 0 rg BT 455.45 328.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 504.09 328.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.31 328.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 550.84 328.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 316.10 Td (dif) Tj ET Q q 0 0 0 rg BT 75.14 316.10 Td (ference. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.70 295.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 102.34 295.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 124.31 295.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.51 295.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 173.81 295.10 Td (as ) Tj ET Q q 0 0 0 rg BT 184.67 295.10 Td (held ) Tj ET Q q 0 0 0 rg BT 204.42 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.62 295.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 236.70 295.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 259.23 295.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 293.98 295.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 324.82 295.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 363.45 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.76 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.51 295.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 434.91 295.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 477.16 295.10 Td (An ) Tj ET Q q 0 0 0 rg BT 491.91 295.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 513.88 295.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 554.18 295.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (held ) Tj ET Q q 0 0 0 rg BT 69.50 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.95 283.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 102.28 283.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.74 283.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 152.84 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 162.84 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.84 283.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 203.40 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.51 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 226.75 283.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 262.85 283.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.63 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.74 283.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 323.41 283.10 Td (value ) Tj ET Q q 0 0 0 rg BT 347.85 283.10 Td (less ) Tj ET Q q 0 0 0 rg BT 365.63 283.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 384.53 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.09 283.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 413.65 283.10 Td (As ) Tj ET Q q 0 0 0 rg BT 427.55 283.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.05 283.10 Td (August ) Tj ET Q q 0 0 0 rg BT 469.73 283.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 485.01 283.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 507.80 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.02 283.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.02 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.31 283.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.60 271.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 128.12 271.10 Td (less ) Tj ET Q q 0 0 0 rg BT 146.33 271.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.76 271.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 179.97 271.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.86 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.07 271.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.72 271.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 242.93 271.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.82 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.53 271.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 325.20 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.91 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.45 271.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.99 271.10 Td (held ) Tj ET Q q 0 0 0 rg BT 389.41 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.29 271.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 423.04 271.10 Td (within ) Tj ET Q q 0 0 0 rg BT 451.81 271.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 485.01 271.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.31 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 271.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.44 259.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 106.40 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.81 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.66 259.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 187.06 259.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 221.89 259.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 252.55 259.10 Td (An ) Tj ET Q q 0 0 0 rg BT 267.40 259.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 316.13 259.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 334.32 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 343.62 259.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 390.11 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.40 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 421.47 259.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 447.43 259.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.39 259.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 505.46 259.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 554.18 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 247.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 86.16 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.43 247.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.38 247.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 124.76 247.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.91 247.10 Td (less ) Tj ET Q q 0 0 0 rg BT 166.41 247.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 185.02 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.30 247.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 214.01 247.10 Td (The ) Tj ET Q q 0 0 0 rg BT 232.05 247.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.44 247.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 319.81 247.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.19 247.10 Td (value ) Tj ET Q q 0 0 0 rg BT 360.34 247.10 Td (using ) Tj ET Q q 0 0 0 rg BT 384.51 247.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 409.78 247.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 417.28 247.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 444.23 247.10 Td (under ) Tj ET Q q 0 0 0 rg BT 469.50 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.21 247.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 500.59 247.10 Td (value ) Tj ET Q q 0 0 0 rg BT 524.74 247.10 Td (hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 93.22 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.71 235.10 Td (information ) Tj ET Q q 0 0 0 rg BT 155.09 235.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 193.80 235.10 Td (by ) Tj ET Q q 0 0 0 rg BT 206.96 235.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 240.11 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.72 235.10 Td (other ) Tj ET Q q 0 0 0 rg BT 281.43 235.10 Td (external ) Tj ET Q q 0 0 0 rg BT 316.79 235.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 349.94 235.10 Td (along ) Tj ET Q q 0 0 0 rg BT 375.32 235.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.27 235.10 Td (management) Tj ET Q q 0 0 0 rg BT 450.13 235.10 Td (s ) Tj ET Q q 0 0 0 rg BT 457.19 235.10 Td (own ) Tj ET Q q 0 0 0 rg BT 477.57 235.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 532.68 235.10 Td (See ) Tj ET Q q 0 0 0 rg BT 550.29 235.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.51 223.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 123.95 223.10 Td (Char) Tj ET Q q 0 0 0 rg BT 143.21 223.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 159.32 223.10 Td (section ) Tj ET Q q 0 0 0 rg BT 190.44 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.56 223.10 Td (this ) Tj ET Q q 0 0 0 rg BT 218.79 223.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 241.02 223.10 Td (below ) Tj ET Q q 0 0 0 rg BT 268.25 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.69 223.10 Td (tabular ) Tj ET Q q 0 0 0 rg BT 313.25 223.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 364.91 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.02 223.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 424.91 223.10 Td (char) Tj ET Q q 0 0 0 rg BT 441.94 223.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 458.05 223.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 495.82 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.61 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 223.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.11 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.83 211.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 116.98 211.10 Td (years ) Tj ET Q q 0 0 0 rg BT 140.58 211.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.40 211.10 Td (August ) Tj ET Q q 0 0 0 rg BT 197.80 211.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 212.80 211.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 237.80 211.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 260.30 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.23 211.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.23 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.73 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.23 211.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 338.06 211.10 Td (held ) Tj ET Q q 0 0 0 rg BT 357.78 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.94 211.10 Td (sale.) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (62) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 99.39 731.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.77 713.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.38 713.25 Td (tests ) Tj ET Q q 0 0 0 rg BT 129.88 713.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 173.70 713.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 208.63 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.79 713.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 268.50 713.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.56 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 308.94 713.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 357.76 713.25 Td (at ) Tj ET Q q 0 0 0 rg BT 367.69 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.63 713.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 404.79 713.25 Td (group ) Tj ET Q q 0 0 0 rg BT 430.84 713.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 455.50 713.25 Td (which ) Tj ET Q q 0 0 0 rg BT 482.66 713.25 Td (is ) Tj ET Q q 0 0 0 rg BT 492.05 713.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 539.75 713.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.94 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.59 701.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 108.14 701.25 Td (level ) Tj ET Q q 0 0 0 rg BT 131.01 701.25 Td (for ) Tj ET Q q 0 0 0 rg BT 146.11 701.25 Td (which ) Tj ET Q q 0 0 0 rg BT 173.99 701.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 222.97 701.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 244.17 701.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 269.84 701.25 Td (are ) Tj ET Q q 0 0 0 rg BT 285.48 701.25 Td (lar) Tj ET Q q 0 0 0 rg BT 295.85 701.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 316.50 701.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 368.81 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.58 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.24 701.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.45 701.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 443.11 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.88 701.25 Td (other ) Tj ET Q q 0 0 0 rg BT 478.86 701.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 509.52 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 521.29 701.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.06 701.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 92.17 689.25 Td (For ) Tj ET Q q 0 0 0 rg BT 109.02 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.19 689.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 171.72 689.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 200.78 689.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 240.94 689.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 288.04 689.25 Td (an ) Tj ET Q q 0 0 0 rg BT 300.44 689.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 322.83 689.25 Td (group ) Tj ET Q q 0 0 0 rg BT 349.11 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 358.74 689.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 398.89 689.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 443.50 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.79 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.96 689.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 505.68 689.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 548.07 689.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (export ) Tj ET Q q 0 0 0 rg BT 77.16 677.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 117.04 677.25 Td (along ) Tj ET Q q 0 0 0 rg BT 141.37 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 161.26 677.25 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 211.70 677.25 Td (feeder ) Tj ET Q q 0 0 0 rg BT 238.79 677.25 Td (yards. ) Tj ET Q q 0 0 0 rg BT 265.06 677.25 Td (For ) Tj ET Q q 0 0 0 rg BT 281.07 677.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 312.62 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 332.51 677.25 Td (no ) Tj ET Q q 0 0 0 rg BT 344.63 677.25 Td (shredding ) Tj ET Q q 0 0 0 rg BT 386.18 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.73 677.25 Td (export ) Tj ET Q q 0 0 0 rg BT 430.39 677.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 476.66 677.25 Td (each ) Tj ET Q q 0 0 0 rg BT 497.09 677.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 525.30 677.25 Td (recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (yard ) Tj ET Q q 0 0 0 rg BT 69.62 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 78.65 665.25 Td (an ) Tj ET Q q 0 0 0 rg BT 90.44 665.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 112.23 665.25 Td (group. ) Tj ET Q q 0 0 0 rg BT 140.41 665.25 Td (For ) Tj ET Q q 0 0 0 rg BT 156.66 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.23 665.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 218.16 665.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 237.73 665.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 259.52 665.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 306.03 665.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 345.59 665.25 Td (each ) Tj ET Q q 0 0 0 rg BT 366.26 665.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 385.83 665.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 407.62 665.25 Td (store ) Tj ET Q q 0 0 0 rg BT 429.41 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 438.44 665.25 Td (an ) Tj ET Q q 0 0 0 rg BT 450.23 665.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 472.02 665.25 Td (group. ) Tj ET Q q 0 0 0 rg BT 500.03 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 517.93 665.25 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.49 653.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 131.47 653.25 Td (business ) Tj ET Q q 0 0 0 rg BT 168.03 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.37 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.48 653.25 Td (single ) Tj ET Q q 0 0 0 rg BT 211.03 653.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 233.14 653.25 Td (group. ) Tj ET Q q 0 0 0 rg BT 261.45 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 279.66 653.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.22 653.25 Td (tests ) Tj ET Q q 0 0 0 rg BT 341.66 653.25 Td (its ) Tj ET Q q 0 0 0 rg BT 353.78 653.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 375.89 653.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 405.78 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 420.11 653.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 468.87 653.25 Td (when ) Tj ET Q q 0 0 0 rg BT 493.20 653.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 523.07 653.25 Td (triggering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (events ) Tj ET Q q 0 0 0 rg BT 77.83 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 88.95 641.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 123.94 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.50 641.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 193.93 641.25 Td (indicate ) Tj ET Q q 0 0 0 rg BT 228.36 641.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.14 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.14 641.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 297.24 641.25 Td (value ) Tj ET Q q 0 0 0 rg BT 321.68 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.80 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.80 641.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 370.02 641.25 Td (group ) Tj ET Q q 0 0 0 rg BT 396.14 641.25 Td (may ) Tj ET Q q 0 0 0 rg BT 416.14 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 428.36 641.25 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 469.19 641.25 Td (If ) Tj ET Q q 0 0 0 rg BT 478.63 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.63 641.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 529.73 641.25 Td (value ) Tj ET Q q 0 0 0 rg BT 554.17 641.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.07 629.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 85.86 629.25 Td (group ) Tj ET Q q 0 0 0 rg BT 111.54 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 120.57 629.25 Td (not ) Tj ET Q q 0 0 0 rg BT 135.70 629.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 184.68 629.25 Td (because ) Tj ET Q q 0 0 0 rg BT 218.68 629.25 Td (it ) Tj ET Q q 0 0 0 rg BT 226.59 629.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 260.58 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.15 629.25 Td (Company) Tj ET Q q 0 0 0 rg BT 316.82 629.25 Td (s ) Tj ET Q q 0 0 0 rg BT 323.06 629.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 358.74 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.42 629.25 Td (future ) Tj ET Q q 0 0 0 rg BT 395.65 629.25 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 451.33 629.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.45 629.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 496.02 629.25 Td (from ) Tj ET Q q 0 0 0 rg BT 517.81 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.38 629.25 Td (use ) Tj ET Q q 0 0 0 rg BT 548.06 629.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (eventual ) Tj ET Q q 0 0 0 rg BT 85.84 617.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 132.20 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.99 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.67 617.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 179.57 617.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 207.86 617.25 Td (an ) Tj ET Q q 0 0 0 rg BT 219.77 617.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 268.33 617.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 286.35 617.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.49 617.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 341.81 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 354.28 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.96 617.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 401.41 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.09 617.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 451.87 617.25 Td (value ) Tj ET Q q 0 0 0 rg BT 475.99 617.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 510.10 617.25 Td (its ) Tj ET Q q 0 0 0 rg BT 522.01 617.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.35 617.25 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (if ) Tj ET Q q 0 0 0 rg BT 57.72 605.25 Td (any) Tj ET Q q 0 0 0 rg BT 71.51 605.25 Td (. ) Tj ET Q q 0 0 0 rg BT 75.98 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.64 605.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 141.85 605.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 159.53 605.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.32 605.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 206.52 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.41 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.75 605.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 273.97 605.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 299.41 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.86 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.19 605.25 Td (group ) Tj ET Q q 0 0 0 rg BT 349.64 605.25 Td (on ) Tj ET Q q 0 0 0 rg BT 361.75 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 368.31 605.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 383.75 605.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 400.85 605.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 422.97 605.25 Td (using ) Tj ET Q q 0 0 0 rg BT 446.75 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.09 605.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 493.18 605.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 528.61 605.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.53 593.25 Td (those ) Tj ET Q q 0 0 0 rg BT 84.34 593.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 112.88 593.25 Td (except ) Tj ET Q q 0 0 0 rg BT 141.67 593.25 Td (that ) Tj ET Q q 0 0 0 rg BT 159.37 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.29 593.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 192.55 593.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 231.35 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.83 593.25 Td (an ) Tj ET Q q 0 0 0 rg BT 253.97 593.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 297.22 593.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 341.03 593.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 363.17 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.20 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.12 593.25 Td (group ) Tj ET Q q 0 0 0 rg BT 415.15 593.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 436.74 593.25 Td (not ) Tj ET Q q 0 0 0 rg BT 452.22 593.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 481.57 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.49 593.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 532.51 593.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 77.83 581.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 99.76 581.25 Td (below ) Tj ET Q q 0 0 0 rg BT 126.70 581.25 Td (its ) Tj ET Q q 0 0 0 rg BT 138.65 581.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 155.03 581.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 181.68 581.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 200.29 581.25 Td (value ) Tj ET Q q 0 0 0 rg BT 224.45 581.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.62 581.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 281.10 581.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 320.81 581.25 Td (using ) Tj ET Q q 0 0 0 rg BT 344.98 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.70 581.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 378.30 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.24 581.25 Td (market ) Tj ET Q q 0 0 0 rg BT 425.51 581.25 Td (approaches.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.42 560.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.66 560.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 127.25 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.27 560.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 169.36 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.16 560.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.64 560.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 263.20 560.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 311.88 560.25 Td (char) Tj ET Q q 0 0 0 rg BT 328.91 560.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 344.83 560.25 Td (on ) Tj ET Q q 0 0 0 rg BT 357.41 560.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 401.10 560.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 435.90 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.93 560.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 495.51 560.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.42 560.25 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 548.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 99.48 548.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 134.74 548.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 163.35 548.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 203.05 548.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 247.21 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.14 548.25 Td (used ) Tj ET Q q 0 0 0 rg BT 284.97 548.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 304.69 548.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 326.63 548.25 Td (store ) Tj ET Q q 0 0 0 rg BT 348.57 548.25 Td (locations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.54 527.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 71.31 527.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.85 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.85 527.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 154.62 527.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 197.94 527.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 225.99 527.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 260.42 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.41 527.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 329.27 527.25 Td (may ) Tj ET Q q 0 0 0 rg BT 348.71 527.25 Td (merit ) Tj ET Q q 0 0 0 rg BT 372.03 527.25 Td (a ) Tj ET Q q 0 0 0 rg BT 378.69 527.25 Td (change ) Tj ET Q q 0 0 0 rg BT 409.22 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.22 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.66 527.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 474.20 527.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 500.85 527.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 521.96 527.25 Td (or ) Tj ET Q q 0 0 0 rg BT 532.51 527.25 Td (salvage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (values ) Tj ET Q q 0 0 0 rg BT 77.91 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.10 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.18 515.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 132.88 515.25 Td (which ) Tj ET Q q 0 0 0 rg BT 160.18 515.25 Td (are ) Tj ET Q q 0 0 0 rg BT 175.25 515.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 218.64 515.25 Td (for ) Tj ET Q q 0 0 0 rg BT 233.16 515.25 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 289.90 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.54 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.62 515.25 Td (period ) Tj ET Q q 0 0 0 rg BT 344.03 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.22 515.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 388.90 515.25 Td (For ) Tj ET Q q 0 0 0 rg BT 405.65 515.25 Td (such ) Tj ET Q q 0 0 0 rg BT 426.85 515.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 455.54 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.62 515.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 497.92 515.25 Td (life ) Tj ET Q q 0 0 0 rg BT 514.11 515.25 Td (is ) Tj ET Q q 0 0 0 rg BT 523.64 515.25 Td (shortened ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (based ) Tj ET Q q 0 0 0 rg BT 74.60 503.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.94 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.49 503.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 148.40 503.25 Td (current ) Tj ET Q q 0 0 0 rg BT 179.05 503.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 202.49 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.61 503.25 Td (dispose ) Tj ET Q q 0 0 0 rg BT 244.94 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.60 503.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.27 503.25 Td (abandon ) Tj ET Q q 0 0 0 rg BT 302.48 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.03 503.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 338.80 503.25 Td (before ) Tj ET Q q 0 0 0 rg BT 366.67 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.22 503.25 Td (end ) Tj ET Q q 0 0 0 rg BT 398.00 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.66 503.25 Td (its ) Tj ET Q q 0 0 0 rg BT 420.44 503.25 Td (original ) Tj ET Q q 0 0 0 rg BT 453.88 503.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 480.65 503.25 Td (life ) Tj ET Q q 0 0 0 rg BT 496.31 503.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.08 503.25 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.39 491.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 107.57 491.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 150.78 491.25 Td (when ) Tj ET Q q 0 0 0 rg BT 175.66 491.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.88 491.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 252.63 491.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.52 491.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 289.90 491.25 Td (During ) Tj ET Q q 0 0 0 rg BT 321.45 491.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 346.33 491.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 369.55 491.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.21 491.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 412.93 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.36 491.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 470.47 491.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 517.55 491.25 Td (accelerated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.42 479.25 Td (due ) Tj ET Q q 0 0 0 rg BT 118.36 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.64 479.25 Td (shortened ) Tj ET Q q 0 0 0 rg BT 170.01 479.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 196.95 479.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 218.34 479.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.62 479.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 274.99 479.25 Td (with ) Tj ET Q q 0 0 0 rg BT 295.27 479.25 Td (site ) Tj ET Q q 0 0 0 rg BT 311.65 479.25 Td (closures ) Tj ET Q q 0 0 0 rg BT 346.92 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.86 479.25 Td (idled ) Tj ET Q q 0 0 0 rg BT 386.36 479.25 Td (equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (See ) Tj ET Q q 0 0 0 rg BT 67.89 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.18 458.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 109.36 458.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 159.96 458.25 Td (Char) Tj ET Q q 0 0 0 rg BT 179.21 458.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 196.49 458.25 Td (section ) Tj ET Q q 0 0 0 rg BT 228.77 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.05 458.25 Td (this ) Tj ET Q q 0 0 0 rg BT 259.45 458.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 282.84 458.25 Td (for ) Tj ET Q q 0 0 0 rg BT 298.45 458.25 Td (tabular ) Tj ET Q q 0 0 0 rg BT 330.16 458.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 382.98 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.26 458.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 440.32 458.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 463.71 458.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 513.75 458.25 Td (char) Tj ET Q q 0 0 0 rg BT 530.78 458.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 548.06 458.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 98.20 446.25 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 153.87 446.25 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 202.05 446.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 225.23 446.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 275.08 446.25 Td (char) Tj ET Q q 0 0 0 rg BT 292.10 446.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 309.18 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.37 446.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 376.07 446.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 429.23 446.25 Td (are ) Tj ET Q q 0 0 0 rg BT 445.19 446.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 482.25 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.78 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.74 446.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 96.17 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.29 434.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 153.96 434.25 Td (within ) Tj ET Q q 0 0 0 rg BT 182.31 434.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 196.76 434.25 Td (other ) Tj ET Q q 0 0 0 rg BT 220.10 434.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 242.32 434.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 291.21 434.25 Td (char) Tj ET Q q 0 0 0 rg BT 308.24 434.25 Td (ges; ) Tj ET Q q 0 0 0 rg BT 327.14 434.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 341.59 434.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 395.47 434.25 Td (char) Tj ET Q q 0 0 0 rg BT 412.50 434.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 428.62 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.85 434.25 Td (other ) Tj ET Q q 0 0 0 rg BT 469.19 434.25 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 517.51 434.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 556.39 434.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.17 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.42 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.32 422.25 Td (site ) Tj ET Q q 0 0 0 rg BT 108.67 422.25 Td (closure ) Tj ET Q q 0 0 0 rg BT 139.02 422.25 Td (not ) Tj ET Q q 0 0 0 rg BT 153.26 422.25 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 195.84 422.25 Td (for ) Tj ET Q q 0 0 0 rg BT 208.96 422.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 261.53 422.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 304.66 422.25 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 345.56 422.25 Td (or ) Tj ET Q q 0 0 0 rg BT 355.35 422.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 368.48 422.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 421.05 422.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 466.68 422.25 Td (if ) Tj ET Q q 0 0 0 rg BT 474.25 422.25 Td (related ) Tj ET Q q 0 0 0 rg BT 502.92 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.17 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 518.07 422.25 Td (component ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 410.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.43 410.25 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 160.04 410.25 Td (for ) Tj ET Q q 0 0 0 rg BT 174.20 410.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 227.80 410.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 271.96 410.25 Td (reporting. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 101.45 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.29 389.25 Td (Joint ) Tj ET Q q 0 0 0 rg BT 135.91 389.25 Td (V) Tj ET Q q 0 0 0 rg BT 141.47 389.25 Td (entures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.30 368.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.72 368.25 Td (August ) Tj ET Q q 0 0 0 rg BT 105.30 368.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 120.49 368.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 143.18 368.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.30 368.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.30 368.25 Td (, ) Tj ET Q q 0 0 0 rg BT 185.49 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.39 368.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.97 368.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.09 368.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.64 368.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.33 368.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.66 368.25 Td (-owned ) Tj ET Q q 0 0 0 rg BT 328.33 368.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 349.36 368.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 382.03 368.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 418.04 368.25 Td (which ) Tj ET Q q 0 0 0 rg BT 445.17 368.25 Td (were ) Tj ET Q q 0 0 0 rg BT 467.28 368.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 510.50 368.25 Td (for ) Tj ET Q q 0 0 0 rg BT 524.85 368.25 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 368.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.19 356.25 Td (method ) Tj ET Q q 0 0 0 rg BT 107.89 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.92 356.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 163.49 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.62 356.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 219.64 356.25 Td (as ) Tj ET Q q 0 0 0 rg BT 229.66 356.25 Td (part ) Tj ET Q q 0 0 0 rg BT 246.91 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.56 356.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 281.04 356.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 326.77 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 344.02 356.25 Td (Company) Tj ET Q q 0 0 0 rg BT 385.68 356.25 Td (s ) Tj ET Q q 0 0 0 rg BT 391.27 356.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 440.75 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 450.22 356.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 476.92 356.25 Td (method ) Tj ET Q q 0 0 0 rg BT 508.61 356.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 528.64 356.25 Td (ventures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.47 344.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 104.22 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.09 344.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 160.61 344.25 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 215.48 344.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 251.45 344.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.88 344.25 Td ($1) Tj ET Q q 0 0 0 rg BT 271.50 344.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 278.60 344.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.49 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.58 344.25 Td (as ) Tj ET Q q 0 0 0 rg BT 320.01 344.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.97 344.25 Td (August ) Tj ET Q q 0 0 0 rg BT 360.95 344.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 375.55 344.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 397.64 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.17 344.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.17 344.25 Td (. ) Tj ET Q q 0 0 0 rg BT 438.62 344.25 Td (The ) Tj ET Q q 0 0 0 rg BT 456.26 344.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 476.69 344.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 512.66 344.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 528.64 344.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 73.93 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.43 332.25 Td (AMR ) Tj ET Q q 0 0 0 rg BT 108.43 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.09 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.08 332.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 158.42 332.25 Td (at ) Tj ET Q q 0 0 0 rg BT 167.86 332.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 193.95 332.25 Td (that ) Tj ET Q q 0 0 0 rg BT 211.16 332.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 263.36 332.25 Td (local ) Tj ET Q q 0 0 0 rg BT 285.01 332.25 Td (market ) Tj ET Q q 0 0 0 rg BT 314.99 332.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 338.59 332.25 Td (which ) Tj ET Q q 0 0 0 rg BT 365.24 332.25 Td (produces ) Tj ET Q q 0 0 0 rg BT 403.56 332.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 460.75 332.25 Td (profit. ) Tj ET Q q 0 0 0 rg BT 487.53 332.25 Td (This ) Tj ET Q q 0 0 0 rg BT 507.52 332.25 Td (intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 73.60 320.25 Td (is ) Tj ET Q q 0 0 0 rg BT 82.15 320.25 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 126.24 320.25 Td (while ) Tj ET Q q 0 0 0 rg BT 150.34 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.44 320.25 Td (products ) Tj ET Q q 0 0 0 rg BT 200.76 320.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 230.41 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.07 320.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 280.27 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.59 320.25 Td (is ) Tj ET Q q 0 0 0 rg BT 305.15 320.25 Td (not ) Tj ET Q q 0 0 0 rg BT 319.81 320.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 365.55 320.25 Td (until ) Tj ET Q q 0 0 0 rg BT 385.77 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.87 320.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 433.97 320.25 Td (products ) Tj ET Q q 0 0 0 rg BT 470.29 320.25 Td (are ) Tj ET Q q 0 0 0 rg BT 484.38 320.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 502.93 320.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.59 320.25 Td (third ) Tj ET Q q 0 0 0 rg BT 533.36 320.25 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.55 299.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 76.49 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.64 299.25 Td (value ) Tj ET Q q 0 0 0 rg BT 110.68 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.38 299.25 Td (an ) Tj ET Q q 0 0 0 rg BT 133.20 299.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 179.46 299.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.62 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.43 299.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 217.15 299.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 249.51 299.25 Td (that ) Tj ET Q q 0 0 0 rg BT 266.88 299.25 Td (is ) Tj ET Q q 0 0 0 rg BT 275.93 299.25 Td (other ) Tj ET Q q 0 0 0 rg BT 298.86 299.25 Td (than ) Tj ET Q q 0 0 0 rg BT 318.45 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.27 299.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 368.74 299.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 399.99 299.25 Td (is ) Tj ET Q q 0 0 0 rg BT 409.04 299.25 Td (recognized. 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q 0 0 0 rg BT 469.95 287.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 496.83 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.07 287.25 Td (which ) Tj ET Q q 0 0 0 rg BT 533.96 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.63 287.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.05 275.25 Td (has ) Tj ET Q q 0 0 0 rg BT 90.28 275.25 Td (been ) Tj ET Q q 0 0 0 rg BT 112.05 275.25 Td (less ) Tj ET Q q 0 0 0 rg BT 129.94 275.25 Td (than ) Tj ET Q q 0 0 0 rg BT 150.06 275.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 171.56 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.67 275.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.55 275.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 265.22 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.55 275.25 Td (near) Tj ET Q q 0 0 0 rg BT 299.56 275.25 Td (-term ) Tj ET Q q 0 0 0 rg BT 324.11 275.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 364.77 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.00 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.11 275.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 412.34 275.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 445.22 275.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 484.51 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.84 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 275.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 275.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.25 Td (intent ) Tj ET Q q 0 0 0 rg BT 74.84 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.84 263.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 119.96 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.30 263.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 155.63 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.41 263.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 216.86 263.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.08 263.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.09 263.25 Td (period ) Tj ET Q q 0 0 0 rg BT 266.20 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.09 263.25 Td (time ) Tj ET Q q 0 0 0 rg BT 297.43 263.25 Td (suf) Tj ET Q q 0 0 0 rg BT 309.47 263.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 337.58 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.92 263.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 372.71 263.25 Td (for ) Tj ET Q q 0 0 0 rg BT 386.93 263.25 Td (any ) Tj ET Q q 0 0 0 rg BT 403.93 263.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 450.37 263.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 487.91 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.25 263.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 514.69 263.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 541.41 263.25 Td (Once ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (management ) Tj ET Q q 0 0 0 rg BT 103.33 251.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 149.95 251.25 Td (that ) Tj ET Q q 0 0 0 rg BT 167.69 251.25 Td (an ) Tj ET Q q 0 0 0 rg BT 179.87 251.25 Td (other) Tj ET Q q 0 0 0 rg BT 200.22 251.25 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 267.93 251.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 316.78 251.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 344.80 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.76 251.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 406.38 251.25 Td (is ) Tj ET Q q 0 0 0 rg BT 415.80 251.25 Td (written ) Tj ET Q q 0 0 0 rg BT 446.87 251.25 Td (down ) Tj ET Q q 0 0 0 rg BT 471.83 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.36 251.25 Td (its ) Tj ET Q q 0 0 0 rg BT 494.55 251.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 511.17 251.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 538.07 251.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (establishes ) Tj ET Q q 0 0 0 rg BT 95.98 239.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.58 239.25 Td (new ) Tj ET Q q 0 0 0 rg BT 123.39 239.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 142.66 239.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 168.08 239.25 Td (The ) Tj ET Q q 0 0 0 rg BT 186.79 239.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.83 239.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 275.86 239.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 292.89 239.25 Td (value ) Tj ET Q q 0 0 0 rg BT 317.70 239.25 Td (using ) Tj ET Q q 0 0 0 rg BT 342.52 239.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 368.44 239.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 376.60 239.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 404.20 239.25 Td (under ) Tj ET Q q 0 0 0 rg BT 430.13 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.50 239.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 462.53 239.25 Td (value ) Tj ET Q q 0 0 0 rg BT 487.34 239.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 528.25 239.25 Td (using ) Tj ET Q q 0 0 0 rg BT 553.08 239.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.53 227.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 120.77 227.25 Td (based ) Tj ET Q q 0 0 0 rg BT 146.13 227.25 Td (on ) Tj ET Q q 0 0 0 rg BT 158.72 227.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.76 227.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 211.68 227.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 232.04 227.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 252.96 227.25 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 290.27 227.25 Td (During ) Tj ET Q q 0 0 0 rg BT 321.20 227.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 345.45 227.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 370.54 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.35 227.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.83 227.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 464.40 227.25 Td (an ) Tj ET Q q 0 0 0 rg BT 476.44 227.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 525.13 227.25 Td (char) Tj ET Q q 0 0 0 rg BT 542.16 227.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 554.19 227.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 61.68 215.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.57 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.75 215.25 Td (related ) Tj ET Q q 0 0 0 rg BT 122.13 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.09 215.25 Td (an ) Tj ET Q q 0 0 0 rg BT 143.71 215.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 189.77 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.73 215.25 Td (a ) Tj ET Q q 0 0 0 rg BT 206.34 215.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 226.86 215.25 Td (venture, ) Tj ET Q q 0 0 0 rg BT 261.52 215.25 Td (which ) Tj ET Q q 0 0 0 rg BT 288.14 215.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.99 215.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 332.48 215.25 Td (within ) Tj ET Q q 0 0 0 rg BT 360.22 215.25 Td (other ) Tj ET Q q 0 0 0 rg BT 382.94 215.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 404.56 215.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 452.84 215.25 Td (char) Tj ET Q q 0 0 0 rg BT 469.87 215.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 485.38 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.33 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 215.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 203.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 155.59 203.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.53 203.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 194.47 203.25 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.47 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.97 203.25 Td (- ) Tj ET Q q 0 0 0 rg BT 212.80 203.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 245.84 203.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 269.27 203.25 Td (T) Tj ET Q q 0 0 0 rg BT 275.02 203.25 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 322.51 203.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.67 203.25 Td (further ) Tj ET Q q 0 0 0 rg BT 366.38 203.25 Td (detail ) Tj ET Q q 0 0 0 rg BT 391.09 203.25 Td (on ) Tj ET Q q 0 0 0 rg BT 403.59 203.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 453.85 203.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.13 203.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 494.96 203.25 Td (ventures. ) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (63) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Asset Impairment Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.52 713.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.88 713.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 130.80 713.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 179.37 713.25 Td (char) Tj ET Q q 0 0 0 rg BT 196.40 713.25 Td (ges, ) Tj ET Q q 0 0 0 rg BT 214.71 713.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 256.61 713.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 294.65 713.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 343.22 713.25 Td (char) Tj ET Q q 0 0 0 rg BT 360.25 713.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 376.05 713.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 416.86 713.25 Td (below ) Tj ET Q q 0 0 0 rg BT 443.77 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.03 713.25 Td (this ) Tj ET Q q 0 0 0 rg BT 470.95 713.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 495.36 713.25 Td (were ) Tj ET Q q 0 0 0 rg BT 517.27 713.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 554.72 713.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 701.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 119.49 701.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 165.87 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.70 701.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 223.08 701.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 236.69 701.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 624.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 624.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 624.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 624.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 624.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 624.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 594.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 594.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 594.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 594.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 594.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 594.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 564.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 564.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 564.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 564.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 564.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 564.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 534.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 534.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 534.75 4.00 -15.00 re f 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0.9333333333333333 1 rg /GS0 gs 475.00 464.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 464.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 434.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 434.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 434.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 434.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 434.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 434.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 404.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 404.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 404.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 404.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 374.75 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 374.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 374.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 374.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 374.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 374.75 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 305 654.75 m 388 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 654.75 m 392 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 654.75 m 475 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 654.75 m 479 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 654.75 m 562 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 639.75 m 388 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 639.75 m 475 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 639.75 m 562 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 639.75 m 388 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 639.75 m 475 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 639.75 m 562 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 534.75 m 388 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 534.75 m 475 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 534.75 m 562 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 534.75 m 388 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 519.75 m 388 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 534.75 m 475 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 519.75 m 475 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 534.75 m 562 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 519.75 m 562 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 519.75 m 388 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 434.75 m 388 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 434.75 m 475 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 434.75 m 562 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 434.75 m 388 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 419.75 m 388 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 434.75 m 475 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 419.75 m 475 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 434.75 m 562 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 419.75 m 562 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 374.75 m 388 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 374.75 m 475 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 374.75 m 562 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 374.75 m 388 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 359.75 m 388 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 374.75 m 475 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 359.75 m 475 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 374.75 m 562 374.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 359.75 m 562 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 359.75 m 388 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 345.75 m 388 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 343.75 m 388 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 359.75 m 475 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 345.75 m 475 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 343.75 m 475 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 359.75 m 562 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 345.75 m 562 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 343.75 m 562 343.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 659.43 Td (Year Ended August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 644.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.00 644.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.00 644.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 629.42 Td (Reported within other asset impairment char) Tj ET Q q 0 0 0 rg BT 235.32 629.42 Td (ges) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 248.65 633.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.23 629.42 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 614.42 Td (Long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.50 614.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 614.42 Td (7,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 614.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 614.42 Td (41,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 614.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 614.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 599.42 Td (Accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 599.42 Td (6,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 599.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 599.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 584.42 Td (Investment in joint venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 584.42 Td (1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 584.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 584.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 569.42 Td (Assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 569.42 Td (1,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 569.42 Td (2,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 569.42 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 554.42 Td (Supplies inventory) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 144.77 558.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 554.42 Td (2,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 554.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 554.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 539.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 118.10 543.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 539.42 Td (1,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 539.42 Td (885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 539.42 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 524.42 Td (20,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 524.42 Td (45,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 524.42 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 509.42 Td (Reported within restructuring charges and other exit-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 499.42 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 484.42 Td (Long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 484.42 Td (468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 484.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 484.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 469.42 Td (Accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 469.42 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 469.42 Td (3,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 469.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 454.42 Td (Supplies inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 454.42 Td (1,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 454.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 454.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 439.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 439.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 439.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 439.42 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 424.42 Td (2,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 424.42 Td (3,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 424.42 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 409.42 Td (Reported within discontinued operations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 394.42 Td (Long-lived assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 394.42 Td (673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 394.42 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 394.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 379.42 Td (Accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 379.42 Td (274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 379.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 379.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 364.42 Td (947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 364.42 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 364.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 349.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.50 349.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 349.42 Td (23,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 349.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 349.42 Td (51,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 349.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 349.42 Td (2,026) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 326.65 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 326.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.86 326.65 Td (asset ) Tj ET Q q 0 0 0 rg BT 105.56 326.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 144.59 326.65 Td (char) Tj ET Q q 0 0 0 rg BT 158.21 326.65 Td (ges ) Tj ET Q q 0 0 0 rg BT 171.02 326.65 Td (were ) Tj ET Q q 0 0 0 rg BT 188.71 326.65 Td (incurred ) Tj ET Q q 0 0 0 rg BT 217.51 326.65 Td (in ) Tj ET Q q 0 0 0 rg BT 225.88 326.65 Td (the ) Tj ET Q q 0 0 0 rg BT 237.33 326.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 257.70 326.65 Td (reportable ) Tj ET Q q 0 0 0 rg BT 292.27 326.65 Td (segment, ) Tj ET Q q 0 0 0 rg BT 323.08 326.65 Td (except ) Tj ET Q q 0 0 0 rg BT 346.10 326.65 Td (for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.58 326.65 Td ($79 ) Tj ET Q q 0 0 0 rg BT 371.73 326.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.61 326.65 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.76 326.65 Td ($745 ) Tj ET Q q 0 0 0 rg BT 422.91 326.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.80 326.65 Td ( ) Tj ET Q q 0 0 0 rg BT 453.94 326.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.64 326.65 Td ($532 ) Tj ET Q q 0 0 0 rg BT 485.79 326.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.68 326.65 Td ( ) Tj ET Q q 0 0 0 rg BT 516.82 326.65 Td (of ) Tj ET Q q 0 0 0 rg BT 525.63 326.65 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 317.05 Td (char) Tj ET Q q 0 0 0 rg BT 81.12 317.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 93.96 317.05 Td (on ) Tj ET Q q 0 0 0 rg BT 104.14 317.05 Td (other ) Tj ET Q q 0 0 0 rg BT 122.76 317.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 143.61 317.05 Td (related ) Tj ET Q q 0 0 0 rg BT 167.55 317.05 Td (to ) Tj ET Q q 0 0 0 rg BT 175.95 317.05 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 210.12 317.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 240.28 317.05 Td (in ) Tj ET Q q 0 0 0 rg BT 248.68 317.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 268.18 317.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 288.36 317.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 306.54 317.05 Td (and ) Tj ET Q q 0 0 0 rg BT 320.27 317.05 Td (2014, ) Tj ET Q q 0 0 0 rg BT 340.45 317.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 378.58 317.05 Td (, ) Tj ET Q q 0 0 0 rg BT 382.76 317.05 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.49 317.05 Td ($2,224 ) Tj ET Q q 0 0 0 rg BT 420.67 317.05 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.56 317.05 Td ( ) Tj ET Q q 0 0 0 rg BT 451.74 317.05 Td (of ) Tj ET Q q 0 0 0 rg BT 460.58 317.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 499.64 317.05 Td (char) Tj ET Q q 0 0 0 rg BT 513.26 317.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 526.11 317.05 Td (on ) Tj ET Q q 0 0 0 rg BT 536.29 317.05 Td (supplies ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 307.45 Td (inventory ) Tj ET Q q 0 0 0 rg BT 100.16 307.45 Td (related ) Tj ET Q q 0 0 0 rg BT 123.92 307.45 Td (to ) Tj ET Q q 0 0 0 rg BT 132.14 307.45 Td (SMB ) Tj ET Q q 0 0 0 rg BT 151.04 307.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 181.02 307.45 Td (in ) Tj ET Q q 0 0 0 rg BT 189.25 307.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 208.57 307.45 Td (2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 286.45 Td (Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 178.60 286.45 Td (Assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.45 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.52 268.45 Td (represents ) Tj ET Q q 0 0 0 rg BT 132.30 268.45 Td (the ) Tj ET Q q 0 0 0 rg BT 146.76 268.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 175.10 268.45 Td (of ) Tj ET Q q 0 0 0 rg BT 185.67 268.45 Td (the ) Tj ET Q q 0 0 0 rg BT 200.13 268.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 237.91 268.45 Td (price ) Tj ET Q q 0 0 0 rg BT 260.14 268.45 Td (over ) Tj ET Q q 0 0 0 rg BT 280.15 268.45 Td (the ) Tj ET Q q 0 0 0 rg BT 294.61 268.45 Td (net ) Tj ET Q q 0 0 0 rg BT 309.07 268.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.31 268.45 Td (of ) Tj ET Q q 0 0 0 rg BT 351.88 268.45 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 399.66 268.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.23 268.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 461.90 268.45 Td (and ) Tj ET Q q 0 0 0 rg BT 478.58 268.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 518.04 268.45 Td (assumed ) Tj ET Q q 0 0 0 rg BT 554.72 268.45 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.45 Td (a ) Tj ET Q q 0 0 0 rg BT 56.23 256.45 Td (business ) Tj ET Q q 0 0 0 rg BT 92.42 256.45 Td (combination ) Tj ET Q q 0 0 0 rg BT 144.70 256.45 Td (measured ) Tj ET Q q 0 0 0 rg BT 185.31 256.45 Td (at ) Tj ET Q q 0 0 0 rg BT 194.82 256.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.99 256.45 Td (value. ) Tj ET Q q 0 0 0 rg BT 237.28 256.45 Td (The ) Tj ET Q q 0 0 0 rg BT 255.12 256.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.30 256.45 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 335.79 256.45 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 373.64 256.45 Td (for ) Tj ET Q q 0 0 0 rg BT 387.60 256.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 435.99 256.45 Td (annually ) Tj ET Q q 0 0 0 rg BT 472.72 256.45 Td (on ) Tj ET Q q 0 0 0 rg BT 485.01 256.45 Td (July ) Tj ET Q q 0 0 0 rg BT 503.98 256.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 511.27 256.45 Td (and ) Tj ET Q q 0 0 0 rg BT 528.00 256.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.30 256.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.45 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 96.03 244.45 Td (of ) Tj ET Q q 0 0 0 rg BT 107.04 244.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 136.92 244.45 Td (triggering ) Tj ET Q q 0 0 0 rg BT 179.03 244.45 Td (events ) Tj ET Q q 0 0 0 rg BT 207.25 244.45 Td (or ) Tj ET Q q 0 0 0 rg BT 218.26 244.45 Td (substantive ) Tj ET Q q 0 0 0 rg BT 265.93 244.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 300.82 244.45 Td (in ) Tj ET Q q 0 0 0 rg BT 311.27 244.45 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 370.59 244.45 Td (that ) Tj ET Q q 0 0 0 rg BT 388.26 244.45 Td (indicate ) Tj ET Q q 0 0 0 rg BT 422.59 244.45 Td (that ) Tj ET Q q 0 0 0 rg BT 440.26 244.45 Td (the ) Tj ET Q q 0 0 0 rg BT 455.16 244.45 Td (fair ) Tj ET Q q 0 0 0 rg BT 471.71 244.45 Td (value ) Tj ET Q q 0 0 0 rg BT 496.04 244.45 Td (of ) Tj ET Q q 0 0 0 rg BT 507.05 244.45 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BT 545.30 175.45 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.45 Td (and ) Tj ET Q q 0 0 0 rg BT 66.32 163.45 Td (metals ) Tj ET Q q 0 0 0 rg BT 94.80 163.45 Td (recycling ) Tj ET Q q 0 0 0 rg BT 134.39 163.45 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 181.49 163.45 Td (which ) Tj ET Q q 0 0 0 rg BT 208.31 163.45 Td (resulted ) Tj ET Q q 0 0 0 rg BT 242.34 163.45 Td (in ) Tj ET Q q 0 0 0 rg BT 252.50 163.45 Td (the ) Tj ET Q q 0 0 0 rg BT 267.10 163.45 Td (formation ) Tj ET Q q 0 0 0 rg BT 308.91 163.45 Td (of ) Tj ET Q q 0 0 0 rg BT 319.62 163.45 Td (a ) Tj ET Q q 0 0 0 rg BT 326.44 163.45 Td (new ) Tj ET Q q 0 0 0 rg BT 345.48 163.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 385.63 163.45 Td (and ) Tj ET Q q 0 0 0 rg BT 402.44 163.45 Td (reportable ) Tj ET Q q 0 0 0 rg BT 445.36 163.45 Td (segment, ) Tj ET Q q 0 0 0 rg BT 483.04 163.45 Td (AMR, ) Tj ET Q q 0 0 0 rg BT 510.70 163.45 Td (replacing ) Tj ET Q q 0 0 0 rg BT 550.28 163.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 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103.45 Td (was ) Tj ET Q q 0 0 0 rg BT 309.70 103.45 Td (carried ) Tj ET Q q 0 0 0 rg BT 339.25 103.45 Td (by ) Tj ET Q q 0 0 0 rg BT 351.05 103.45 Td (two ) Tj ET Q q 0 0 0 rg BT 367.86 103.45 Td (regionally-defined ) Tj ET Q q 0 0 0 rg BT 443.51 103.45 Td (reporting ) Tj ET Q q 0 0 0 rg BT 481.97 103.45 Td (units, ) Tj ET Q q 0 0 0 rg BT 505.72 103.45 Td (one ) Tj ET Q q 0 0 0 rg BT 521.96 103.45 Td (consisting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.45 Td (of ) Tj ET Q q 0 0 0 rg BT 59.88 91.45 Td (a ) Tj ET Q q 0 0 0 rg BT 66.37 91.45 Td (single ) Tj ET Q q 0 0 0 rg BT 92.30 91.45 Td (component ) Tj ET Q q 0 0 0 rg BT 138.79 91.45 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.62 91.45 Td ($168 ) Tj ET Q q 0 0 0 rg BT 180.67 91.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.56 91.45 Td ( ) Tj ET Q q 0 0 0 rg BT 211.61 91.45 Td (of ) Tj ET Q q 0 0 0 rg BT 221.99 91.45 Td (allocated ) Tj ET Q q 0 0 0 rg BT 260.13 91.45 Td (goodwill, ) Tj ET Q q 0 0 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (64) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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49.50 719.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 88.34 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.30 719.10 Td (events ) Tj ET Q q 0 0 0 rg BT 125.49 719.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.45 719.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 193.73 719.10 Td (leads ) Tj ET Q q 0 0 0 rg BT 215.91 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.33 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.40 719.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 288.57 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.20 719.10 Td (it ) Tj ET Q q 0 0 0 rg BT 312.40 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 320.70 719.10 Td (more ) Tj ET Q q 0 0 0 rg BT 342.88 719.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 367.29 719.10 Td (than ) Tj ET Q q 0 0 0 rg BT 386.15 719.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.56 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.19 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.04 719.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 471.00 719.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 486.51 719.10 Td (value ) Tj ET Q q 0 0 0 rg BT 509.80 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.77 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.84 719.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 67.20 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.01 707.10 Td (less ) Tj ET Q q 0 0 0 rg BT 93.16 707.10 Td (than ) Tj ET Q q 0 0 0 rg BT 112.52 707.10 Td (its ) Tj ET Q q 0 0 0 rg BT 124.11 707.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 159.57 707.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 194.21 707.10 Td (If ) Tj ET Q q 0 0 0 rg BT 203.01 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.37 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.40 707.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 283.31 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.23 707.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 327.58 707.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.16 707.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 378.51 707.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 425.10 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.68 707.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 487.69 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.83 707.10 Td (an ) Tj ET Q q 0 0 0 rg BT 516.41 707.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.79 695.10 Td (more ) Tj ET Q q 0 0 0 rg BT 81.96 695.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 107.35 695.10 Td (than ) Tj ET Q q 0 0 0 rg BT 127.19 695.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 145.09 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.93 695.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.44 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 210.73 695.10 Td (then ) Tj ET Q q 0 0 0 rg BT 230.57 695.10 Td (required ) Tj ET Q q 0 0 0 rg BT 266.50 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.90 695.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 311.73 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.57 695.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 363.63 695.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 413.46 695.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 462.17 695.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 481.18 695.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 522.68 695.10 Td (no ) Tj ET Q q 0 0 0 rg BT 535.30 695.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 84.36 683.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.68 683.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 131.95 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.14 683.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.68 683.10 Td (also ) Tj ET Q q 0 0 0 rg BT 210.43 683.10 Td (may ) Tj ET Q q 0 0 0 rg BT 230.29 683.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 251.81 683.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.24 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.66 683.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 312.52 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.38 683.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 372.23 683.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 419.32 683.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 438.90 683.10 Td (instead, ) Tj ET Q q 0 0 0 rg BT 472.38 683.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 506.67 683.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 539.86 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 683.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 86.44 671.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 136.15 671.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 184.74 671.10 Td (test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.24 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.86 650.10 Td (first ) Tj ET Q q 0 0 0 rg BT 93.38 650.10 Td (step ) Tj ET Q q 0 0 0 rg BT 111.90 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.64 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.26 650.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 174.11 650.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 223.73 650.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 272.23 650.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 291.03 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.65 650.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.94 650.10 Td (value ) Tj ET Q q 0 0 0 rg BT 346.00 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.74 650.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.59 650.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 402.65 650.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 420.62 650.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.70 650.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 471.53 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.72 650.10 Td (its ) Tj ET Q q 0 0 0 rg BT 493.57 650.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 529.30 650.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 555.86 650.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.50 638.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 100.60 638.10 Td (value ) Tj ET Q q 0 0 0 rg BT 125.04 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.15 638.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.37 638.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 182.81 638.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 201.15 638.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 235.58 638.10 Td (its ) Tj ET Q q 0 0 0 rg BT 247.81 638.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 264.47 638.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 291.41 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.41 638.10 Td (second ) Tj ET Q q 0 0 0 rg BT 336.96 638.10 Td (step ) Tj ET Q q 0 0 0 rg BT 355.85 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.97 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.97 638.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.85 638.10 Td (test ) Tj ET Q q 0 0 0 rg BT 447.52 638.10 Td (is ) Tj ET Q q 0 0 0 rg BT 456.97 638.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 501.40 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.84 638.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 554.18 638.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 93.71 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.48 626.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 159.63 626.10 Td (In ) Tj ET Q q 0 0 0 rg BT 170.51 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.28 626.10 Td (second ) Tj ET Q q 0 0 0 rg BT 215.60 626.10 Td (step, ) Tj ET Q q 0 0 0 rg BT 236.76 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.53 626.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 267.96 626.10 Td (value ) Tj ET Q q 0 0 0 rg BT 292.17 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.05 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.82 626.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 357.03 626.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 375.14 626.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.36 626.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 423.00 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.34 626.10 Td (all ) Tj ET Q q 0 0 0 rg BT 445.88 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.77 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.54 626.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.42 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.41 626.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.18 626.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 614.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 104.70 614.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 123.41 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.35 614.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 177.50 614.10 Td (an ) Tj ET Q q 0 0 0 rg BT 190.10 614.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 223.81 614.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 262.53 614.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 289.84 614.10 Td (If ) Tj ET Q q 0 0 0 rg BT 299.67 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.04 614.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 351.52 614.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 384.68 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.17 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.55 614.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 451.37 614.10 Td (unit) Tj ET Q q 0 0 0 rg BT 469.70 614.10 Td (s ) Tj ET Q q 0 0 0 rg BT 476.75 614.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.47 614.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 550.28 614.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 82.55 602.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 98.93 602.10 Td (value ) Tj ET Q q 0 0 0 rg BT 123.08 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.91 602.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 174.47 602.10 Td (an ) Tj ET Q q 0 0 0 rg BT 186.41 602.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 235.01 602.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.07 602.10 Td (will ) Tj ET Q q 0 0 0 rg BT 271.13 602.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.06 602.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 329.43 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.71 602.10 Td (an ) Tj ET Q q 0 0 0 rg BT 351.64 602.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 384.14 602.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 408.29 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.57 602.10 Td (that ) Tj ET Q q 0 0 0 rg BT 436.07 602.10 Td (excess. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.92 581.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.68 581.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 146.76 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.85 581.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 176.60 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 200.12 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.33 581.10 Td (its ) Tj ET Q q 0 0 0 rg BT 221.65 581.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 260.17 581.10 Td (units ) Tj ET Q q 0 0 0 rg BT 281.49 581.10 Td (using ) Tj ET Q q 0 0 0 rg BT 305.03 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 316.34 581.10 Td (income ) Tj ET Q q 0 0 0 rg BT 347.65 581.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 386.17 581.10 Td (based ) Tj ET Q q 0 0 0 rg BT 410.81 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.68 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.77 581.10 Td (present ) Tj ET Q q 0 0 0 rg BT 467.51 581.10 Td (value ) Tj ET Q q 0 0 0 rg BT 491.04 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.24 581.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 538.65 581.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.59 569.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 96.64 569.10 Td (including ) Tj ET Q q 0 0 0 rg BT 136.74 569.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 172.38 569.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 198.86 569.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 234.51 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.28 569.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 297.46 569.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 336.44 569.10 Td (average ) Tj ET Q q 0 0 0 rg BT 369.85 569.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 388.28 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.94 569.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 427.91 569.10 Td (\(W) Tj ET Q q 0 0 0 rg BT 444.01 569.10 Td (ACC\) ) Tj ET Q q 0 0 0 rg BT 474.67 569.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 521.97 569.10 Td (separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.85 557.10 Td (each ) Tj ET Q q 0 0 0 rg BT 82.86 557.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 121.21 557.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 140.84 557.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.08 557.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 215.31 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.34 557.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 240.91 557.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.26 557.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 299.84 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.75 557.10 Td (use ) Tj ET Q q 0 0 0 rg BT 328.78 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.80 557.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.71 557.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 421.61 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.75 557.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 491.39 557.10 Td (including ) Tj ET Q q 0 0 0 rg BT 530.86 557.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 79.66 545.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 100.37 545.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 127.75 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.59 545.10 Td (future ) Tj ET Q q 0 0 0 rg BT 165.30 545.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 212.68 545.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 238.39 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.67 545.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 286.49 545.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 340.81 545.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 380.41 545.10 Td (mar) Tj ET Q q 0 0 0 rg BT 395.77 545.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 416.78 545.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 445.26 545.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 500.69 545.10 Td (working ) Tj ET Q q 0 0 0 rg BT 535.85 545.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.04 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 120.10 533.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 143.32 533.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 178.49 533.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 208.66 533.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 231.88 533.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 267.61 533.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 290.83 533.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 324.32 533.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 367.26 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.88 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.16 533.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 423.87 533.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 469.59 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.87 533.10 Td (syner) Tj ET Q q 0 0 0 rg BT 507.35 533.10 Td (gistic ) Tj ET Q q 0 0 0 rg BT 530.86 533.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.35 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.89 521.10 Td (market ) Tj ET Q q 0 0 0 rg BT 129.42 521.10 Td (participants. ) Tj ET Q q 0 0 0 rg BT 181.33 521.10 Td (In ) Tj ET Q q 0 0 0 rg BT 192.42 521.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 230.46 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.00 521.10 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 289.85 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.83 521.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 344.25 521.10 Td (units) Tj ET Q q 0 0 0 rg BT 366.28 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.04 521.10 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 411.52 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.50 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 468.15 521.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 488.13 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.33 521.10 Td (market ) Tj ET Q q 0 0 0 rg BT 525.86 521.10 Td (approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.84 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.42 509.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 123.87 509.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 159.78 509.10 Td (data ) Tj ET Q q 0 0 0 rg BT 179.01 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.02 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.04 509.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 260.59 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.49 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.29 509.10 Td (Company) Tj ET Q q 0 0 0 rg BT 327.95 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.42 509.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 370.32 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.22 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.01 509.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 437.45 509.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 453.90 509.10 Td (value ) Tj ET Q q 0 0 0 rg BT 478.14 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.04 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.83 509.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 543.06 509.10 Td (units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.08 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.10 497.10 Td (Company) Tj ET Q q 0 0 0 rg BT 114.77 497.10 Td (s ) Tj ET Q q 0 0 0 rg BT 120.46 497.10 Td (market ) Tj ET Q q 0 0 0 rg BT 150.03 497.10 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 208.19 497.10 Td (including ) Tj ET Q q 0 0 0 rg BT 247.77 497.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 303.45 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.58 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.82 497.10 Td (control ) Tj ET Q q 0 0 0 rg BT 349.95 497.10 Td (premium. ) Tj ET Q q 0 0 0 rg BT 390.36 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.16 497.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.40 497.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 429.64 497.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.64 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.45 497.10 Td (- ) Tj ET Q q 0 0 0 rg BT 441.58 497.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 481.16 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.40 497.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 521.97 497.10 Td (Intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 80.55 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 95.21 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.31 485.10 Td (further ) Tj ET Q q 0 0 0 rg BT 138.95 485.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 163.60 485.10 Td (including ) Tj ET Q q 0 0 0 rg BT 203.82 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.47 485.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 266.45 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.22 485.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 315.22 485.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 363.76 485.10 Td (char) Tj ET Q q 0 0 0 rg BT 380.78 485.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 396.55 485.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.32 485.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 419.76 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.09 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.97 485.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 490.41 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.30 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.74 485.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.28 485.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.66 473.10 Td (years ) Tj ET Q q 0 0 0 rg BT 97.25 473.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 123.08 473.10 Td (August ) Tj ET Q q 0 0 0 rg BT 154.47 473.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.47 473.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 191.97 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.91 473.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 233.91 473.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 281.57 473.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.53 452.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.91 452.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 129.18 452.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 193.31 452.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 235.79 452.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 261.60 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.75 452.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 324.34 452.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.83 452.10 Td (first ) Tj ET Q q 0 0 0 rg BT 355.42 452.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 395.13 452.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 439.83 452.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 469.52 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.79 452.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 522.26 452.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 556.95 452.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.61 440.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 99.91 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.13 440.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 144.77 440.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.65 440.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 201.30 440.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 249.83 440.10 Td (test. ) Tj ET Q q 0 0 0 rg BT 268.66 440.10 Td (If ) Tj ET Q q 0 0 0 rg BT 277.76 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.41 440.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.73 440.10 Td (believes, ) Tj ET Q q 0 0 0 rg BT 371.44 440.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.20 440.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.08 440.10 Td (result ) Tj ET Q q 0 0 0 rg BT 413.74 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.50 440.10 Td (its ) Tj ET Q q 0 0 0 rg BT 436.39 440.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 481.04 440.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 530.41 440.10 Td (that ) Tj ET Q q 0 0 0 rg BT 547.84 440.10 Td (it ) Tj ET Q q 0 0 0 rg BT 555.84 440.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.14 428.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 99.00 428.10 Td (than ) Tj ET Q q 0 0 0 rg BT 119.30 428.10 Td (not ) Tj ET Q q 0 0 0 rg BT 135.17 428.10 Td (that ) Tj ET Q q 0 0 0 rg BT 153.25 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.56 428.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 185.52 428.10 Td (value ) Tj ET Q q 0 0 0 rg BT 210.27 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.69 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.99 428.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 301.72 428.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 344.80 428.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 367.33 428.10 Td (is ) Tj ET Q q 0 0 0 rg BT 377.09 428.10 Td (less ) Tj ET Q q 0 0 0 rg BT 395.18 428.10 Td (than ) Tj ET Q q 0 0 0 rg BT 415.48 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 428.02 428.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 464.42 428.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 500.01 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.31 428.10 Td (quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 97.10 416.10 Td (test ) Tj ET Q q 0 0 0 rg BT 112.49 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 120.66 416.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 157.98 416.10 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 203.08 416.10 Td (no ) Tj ET Q q 0 0 0 rg BT 214.59 416.10 Td (further ) Tj ET Q q 0 0 0 rg BT 243.30 416.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 271.46 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 279.64 416.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 316.85 416.10 Td (The ) Tj ET Q q 0 0 0 rg BT 333.90 416.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.29 416.10 Td (did ) Tj ET Q q 0 0 0 rg BT 388.57 416.10 Td (not ) Tj ET Q q 0 0 0 rg BT 402.85 416.10 Td (record ) Tj ET Q q 0 0 0 rg BT 429.89 416.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 477.49 416.10 Td (char) Tj ET Q q 0 0 0 rg BT 494.52 416.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 509.35 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.85 416.10 Td (indefinite-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.00 404.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 114.49 404.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 140.32 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.59 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 167.53 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.36 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.08 404.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 225.02 404.10 Td (presented.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (Acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.30 365.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.45 365.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 150.46 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.93 365.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.52 365.10 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 226.70 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.17 365.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 278.64 365.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 316.84 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.53 365.10 Td (any ) Tj ET Q q 0 0 0 rg BT 348.23 365.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 408.37 365.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 439.06 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.09 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.56 365.10 Td (acquiree ) Tj ET Q q 0 0 0 rg BT 496.68 365.10 Td (at ) Tj ET Q q 0 0 0 rg BT 505.15 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 365.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 70.05 353.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 109.76 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 118.38 353.10 Td (their ) Tj ET Q q 0 0 0 rg BT 138.10 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 153.37 353.10 Td (values ) Tj ET Q q 0 0 0 rg BT 180.32 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.04 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.77 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 216.16 353.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 236.71 353.10 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 282.55 353.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 319.49 353.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 374.75 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.82 353.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 419.19 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 427.81 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 443.08 353.10 Td (value ) Tj ET Q q 0 0 0 rg BT 466.13 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 474.74 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.36 353.10 Td (date ) Tj ET Q q 0 0 0 rg BT 506.41 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 353.10 Td (acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 69.10 341.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 97.57 341.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 135.48 341.10 Td (price ) Tj ET Q q 0 0 0 rg BT 157.84 341.10 Td (over ) Tj ET Q q 0 0 0 rg BT 177.98 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.58 341.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.83 341.10 Td (value ) Tj ET Q q 0 0 0 rg BT 232.86 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.56 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.15 341.10 Td (net ) Tj ET Q q 0 0 0 rg BT 272.74 341.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 298.45 341.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 335.25 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 344.29 341.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 381.64 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.35 341.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 432.60 341.10 Td (W) Tj ET Q q 0 0 0 rg BT 441.64 341.10 Td (ithin ) Tj ET Q q 0 0 0 rg BT 462.35 341.10 Td (one ) Tj ET Q q 0 0 0 rg BT 479.17 341.10 Td (year ) Tj ET Q q 0 0 0 rg BT 498.75 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 520.56 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.15 341.10 Td (date ) Tj ET Q q 0 0 0 rg BT 554.18 341.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 98.14 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.61 329.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.76 329.10 Td (may ) Tj ET Q q 0 0 0 rg BT 173.23 329.10 Td (update ) Tj ET Q q 0 0 0 rg BT 202.14 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.62 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 240.53 329.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 278.88 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.91 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.39 329.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 328.97 329.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 365.66 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.35 329.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 421.83 329.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 458.52 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.22 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.69 329.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 526.94 329.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.51 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 93.32 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 100.24 317.10 Td (result ) Tj ET Q q 0 0 0 rg BT 124.94 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.75 317.10 Td (information ) Tj ET Q q 0 0 0 rg BT 185.44 317.10 Td (received ) Tj ET Q q 0 0 0 rg BT 221.78 317.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 262.57 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.27 317.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 316.96 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.77 317.10 Td (such ) Tj ET Q q 0 0 0 rg BT 348.58 317.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 374.39 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.31 317.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 431.00 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.48 317.10 Td (was ) Tj ET Q q 0 0 0 rg BT 466.51 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 481.77 317.10 Td (available ) Tj ET Q q 0 0 0 rg BT 520.34 317.10 Td (at ) Tj ET Q q 0 0 0 rg BT 530.03 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.73 317.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.77 305.10 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 101.75 305.10 Td (Measuring ) Tj ET Q q 0 0 0 rg BT 147.46 305.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.73 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.11 305.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 231.27 305.10 Td (at ) Tj ET Q q 0 0 0 rg BT 241.43 305.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 258.25 305.10 Td (value ) Tj ET Q q 0 0 0 rg BT 282.85 305.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 318.00 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.15 305.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.98 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.70 305.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 428.63 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.78 305.10 Td (price ) Tj ET Q q 0 0 0 rg BT 466.71 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.65 305.10 Td (would ) Tj ET Q q 0 0 0 rg BT 512.59 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.97 305.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 545.13 305.10 Td (by ) Tj ET Q q 0 0 0 rg BT 558.07 305.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (third ) Tj ET Q q 0 0 0 rg BT 70.75 293.10 Td (party ) Tj ET Q q 0 0 0 rg BT 93.66 293.10 Td (market ) Tj ET Q q 0 0 0 rg BT 123.79 293.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 168.92 293.10 Td (based ) Tj ET Q q 0 0 0 rg BT 194.05 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 206.41 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.99 293.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 252.25 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.05 293.10 Td (best ) Tj ET Q q 0 0 0 rg BT 287.52 293.10 Td (use ) Tj ET Q q 0 0 0 rg BT 303.22 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.91 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.49 293.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 354.19 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.88 293.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 400.57 293.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 439.34 293.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 488.37 293.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 510.73 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.31 293.10 Td (expensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 281.10 Td (incurred. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.69 260.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.22 260.10 Td (did ) Tj ET Q q 0 0 0 rg BT 124.64 260.10 Td (not ) Tj ET Q q 0 0 0 rg BT 140.06 260.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 179.35 260.10 Td (any ) Tj ET Q q 0 0 0 rg BT 196.43 260.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 241.28 260.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 291.70 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.12 260.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 326.41 260.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 349.06 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.14 260.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 391.28 260.10 Td (During ) Tj ET Q q 0 0 0 rg BT 422.25 260.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 446.55 260.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 471.69 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.55 260.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.07 260.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (all ) Tj ET Q q 0 0 0 rg BT 62.33 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.50 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.55 248.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 116.38 248.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 152.55 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.71 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.99 248.10 Td (used ) Tj ET Q q 0 0 0 rg BT 192.16 248.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 212.21 248.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 234.49 248.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 273.51 248.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.89 248.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 338.61 248.10 Td (was ) Tj ET Q q 0 0 0 rg BT 357.00 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 372.62 248.10 Td (material ) Tj ET Q q 0 0 0 rg BT 408.21 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.83 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.88 248.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 481.30 248.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.11 248.10 Td (position ) Tj ET Q q 0 0 0 rg BT 554.18 248.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.35 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.42 236.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 136.31 236.10 Td (Pro ) Tj ET Q q 0 0 0 rg BT 152.94 236.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 179.55 236.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 220.06 236.10 Td (results ) Tj ET Q q 0 0 0 rg BT 248.90 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.30 236.10 Td (this ) Tj ET Q q 0 0 0 rg BT 280.49 236.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 327.11 236.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.05 236.10 Td (not ) Tj ET Q q 0 0 0 rg BT 357.57 236.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 401.12 236.10 Td (since ) Tj ET Q q 0 0 0 rg BT 424.41 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.36 236.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 480.96 236.10 Td (results ) Tj ET Q q 0 0 0 rg BT 509.81 236.10 Td (would ) Tj ET Q q 0 0 0 rg BT 537.55 236.10 Td (not ) Tj ET Q q 0 0 0 rg BT 553.07 236.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 101.99 224.10 Td (dif) Tj ET Q q 0 0 0 rg BT 112.92 224.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 138.73 224.10 Td (than ) Tj ET Q q 0 0 0 rg BT 158.45 224.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 194.27 224.10 Td (results.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (Restructuring Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.12 185.10 Td (char) Tj ET Q q 0 0 0 rg BT 124.15 185.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 140.67 185.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 171.63 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.15 185.10 Td (severance, ) Tj ET Q q 0 0 0 rg BT 228.25 185.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 263.65 185.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 312.93 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.56 185.10 Td (other ) Tj ET Q q 0 0 0 rg BT 354.29 185.10 Td (restructuring-related ) Tj ET Q q 0 0 0 rg BT 439.11 185.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 464.09 185.10 Td (A) Tj ET Q q 0 0 0 rg BT 470.76 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.95 185.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 508.25 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 523.10 185.10 Td (severance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.10 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 81.38 173.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 118.97 173.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 165.44 173.10 Td (when ) Tj ET Q q 0 0 0 rg BT 189.70 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.52 173.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 224.34 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.28 173.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 283.98 173.10 Td (has ) Tj ET Q q 0 0 0 rg BT 299.92 173.10 Td (been ) Tj ET Q q 0 0 0 rg BT 321.40 173.10 Td (communicated ) Tj ET Q q 0 0 0 rg BT 382.87 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.25 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.07 173.10 Td (af) Tj ET Q q 0 0 0 rg BT 415.66 173.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 442.69 173.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 488.05 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.10 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 514.37 173.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 555.29 173.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.99 161.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 78.92 161.10 Td (value ) Tj ET Q q 0 0 0 rg BT 103.62 161.10 Td (at ) Tj ET Q q 0 0 0 rg BT 113.88 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.14 161.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 194.40 161.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 216.60 161.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 254.08 161.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 303.22 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 326.27 161.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 357.09 161.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 397.35 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.73 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.77 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.81 161.10 Td (will ) Tj ET Q q 0 0 0 rg BT 468.42 161.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 505.89 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.72 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.20 161.10 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.26 149.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.01 149.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 142.88 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.53 149.10 Td (their ) Tj ET Q q 0 0 0 rg BT 178.85 149.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 222.38 149.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 247.59 149.10 Td (without ) Tj ET Q q 0 0 0 rg BT 281.14 149.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 323.00 149.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 353.75 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.52 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.73 149.10 Td (Company) Tj ET Q q 0 0 0 rg BT 417.97 149.10 Td (. ) Tj ET Q q 0 0 0 rg BT 422.80 149.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.47 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.46 149.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 466.56 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.21 149.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 516.40 149.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.51 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 80.19 137.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 126.06 137.10 Td (at ) Tj ET Q q 0 0 0 rg BT 135.29 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.52 137.10 Td (date ) Tj ET Q q 0 0 0 rg BT 168.19 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.41 137.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.31 137.10 Td (ceases ) Tj ET Q q 0 0 0 rg BT 250.86 137.10 Td (using ) Tj ET Q q 0 0 0 rg BT 274.54 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.77 137.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 313.56 137.10 Td (conveyed ) Tj ET Q q 0 0 0 rg BT 353.88 137.10 Td (by ) Tj ET Q q 0 0 0 rg BT 365.89 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.12 137.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 402.12 137.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 436.33 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.78 137.10 Td (is ) Tj ET Q q 0 0 0 rg BT 461.46 137.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 501.79 137.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.01 137.10 Td (its ) Tj ET Q q 0 0 0 rg BT 522.47 137.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.36 137.10 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.60 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 85.94 125.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 133.58 125.10 Td (based ) Tj ET Q q 0 0 0 rg BT 159.01 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.68 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.56 125.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 229.76 125.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 276.84 125.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 299.49 125.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 328.81 125.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 363.12 125.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.78 125.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 416.77 125.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 453.31 125.10 Td (rentals. ) Tj ET Q q 0 0 0 rg BT 484.54 125.10 Td (A) Tj ET Q q 0 0 0 rg BT 491.21 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.87 125.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 527.65 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.97 125.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (restructuring-related ) Tj ET Q q 0 0 0 rg BT 133.46 113.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 155.79 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 164.79 113.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 205.44 113.10 Td (at ) Tj ET Q q 0 0 0 rg BT 214.99 113.10 Td (its ) Tj ET Q q 0 0 0 rg BT 226.77 113.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.98 113.10 Td (value ) Tj ET Q q 0 0 0 rg BT 266.97 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.08 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.63 113.10 Td (period ) Tj ET Q q 0 0 0 rg BT 319.51 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.63 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 356.40 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.95 113.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 404.39 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.39 113.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 451.54 113.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.31 113.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 490.08 113.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.08 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.42 113.10 Td (- ) Tj ET Q q 0 0 0 rg BT 508.08 113.10 Td (Restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (Char) Tj ET Q q 0 0 0 rg BT 68.76 101.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 84.59 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.53 101.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 126.79 101.10 Td (Exit-Related ) Tj ET Q q 0 0 0 rg BT 179.28 101.10 Td (Activities ) Tj ET Q q 0 0 0 rg BT 220.66 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.82 101.10 Td (further ) Tj ET Q q 0 0 0 rg BT 264.53 101.10 Td (detail.) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (65) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 86.26 731.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.41 731.25 Td (orkers) Tj ET Q q 0 0 0 rg BT 123.11 731.25 Td ( Compensation Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.30 713.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.44 713.25 Td (is ) Tj ET Q q 0 0 0 rg BT 117.36 713.25 Td (self-insured ) Tj ET Q q 0 0 0 rg BT 166.82 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 180.74 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.21 713.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 239.67 713.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 275.81 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.39 713.25 Td (workers) Tj ET Q q 0 0 0 rg BT 321.19 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.45 713.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.24 713.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 409.60 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 429.63 713.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 467.98 713.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 498.56 713.25 Td (by ) Tj ET Q q 0 0 0 rg BT 510.82 713.25 Td (various ) Tj ET Q q 0 0 0 rg BT 542.51 713.25 Td (stop-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 66.60 701.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 106.46 701.25 Td (policies. ) Tj ET Q q 0 0 0 rg BT 141.49 701.25 Td (The ) Tj ET Q q 0 0 0 rg BT 158.58 701.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 199.01 701.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 237.76 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.52 701.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 273.06 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.93 701.25 Td (workers) Tj ET Q q 0 0 0 rg BT 317.73 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.27 701.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 376.35 701.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 403.99 701.25 Td (based ) Tj ET Q q 0 0 0 rg BT 428.30 701.25 Td (on ) Tj ET Q q 0 0 0 rg BT 439.84 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.60 701.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 480.13 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.00 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.75 701.25 Td (injury ) Tj ET Q q 0 0 0 rg BT 529.18 701.25 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 79.78 689.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 123.80 689.25 Td (established ) Tj ET Q q 0 0 0 rg BT 171.16 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 184.08 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.21 689.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 243.22 689.25 Td (state. ) Tj ET Q q 0 0 0 rg BT 266.32 689.25 Td (An ) Tj ET Q q 0 0 0 rg BT 281.46 689.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 313.25 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 322.83 689.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 360.73 689.25 Td (based ) Tj ET Q q 0 0 0 rg BT 386.42 689.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 409.34 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.48 689.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 457.39 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.64 689.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 498.78 689.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 527.80 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 539.05 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 689.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 81.87 677.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 104.26 677.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 124.85 677.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 160.56 677.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 196.29 677.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 233.10 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 246.60 677.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 289.00 677.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 316.94 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 330.99 677.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 369.47 677.25 Td (periodically ) Tj ET Q q 0 0 0 rg BT 419.07 677.25 Td (as ) Tj ET Q q 0 0 0 rg BT 429.25 677.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 468.84 677.25 Td (progresses ) Tj ET Q q 0 0 0 rg BT 512.90 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.18 677.25 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 665.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 87.70 665.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.13 665.25 Td (information ) Tj ET Q q 0 0 0 rg BT 179.78 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 197.22 665.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 234.65 665.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 275.51 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 293.50 665.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 334.26 665.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 352.81 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.58 665.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 392.13 665.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 427.89 665.25 Td (but ) Tj ET Q q 0 0 0 rg BT 443.11 665.25 Td (not ) Tj ET Q q 0 0 0 rg BT 458.33 665.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 494.09 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 503.20 665.25 Td (included ) Tj ET Q q 0 0 0 rg BT 540.08 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 665.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (accrual. ) Tj ET Q q 0 0 0 rg BT 83.04 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 100.93 653.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.17 653.25 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.60 653.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 192.94 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.83 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.18 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.19 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.75 653.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 293.42 653.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 311.87 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.55 653.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 352.11 653.25 Td (workers) Tj ET Q q 0 0 0 rg BT 386.91 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.25 653.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 447.14 653.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 475.59 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 486.27 653.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.43 653.25 Td (August ) Tj ET Q q 0 0 0 rg BT 527.67 653.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.51 653.25 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 641.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 641.25 Td (, ) Tj ET Q q 0 0 0 rg BT 91.44 641.25 Td (which ) Tj ET Q q 0 0 0 rg BT 118.38 641.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.08 641.25 Td (included ) Tj ET Q q 0 0 0 rg BT 170.02 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.30 641.25 Td (other ) Tj ET Q q 0 0 0 rg BT 203.34 641.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 236.93 641.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 276.64 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.92 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.64 641.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 356.91 641.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 391.61 641.25 Td (Sheets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (Environmental Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.05 602.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.94 602.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 147.16 602.25 Td (future ) Tj ET Q q 0 0 0 rg BT 173.04 602.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.04 602.25 Td (for ) Tj ET Q q 0 0 0 rg BT 208.70 602.25 Td (known ) Tj ET Q q 0 0 0 rg BT 237.93 602.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 297.69 602.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 347.45 602.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 401.66 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.10 602.25 Td (accrues ) Tj ET Q q 0 0 0 rg BT 450.08 602.25 Td (for ) Tj ET Q q 0 0 0 rg BT 463.74 602.25 Td (them ) Tj ET Q q 0 0 0 rg BT 485.74 602.25 Td (on ) Tj ET Q q 0 0 0 rg BT 497.74 602.25 Td (an ) Tj ET Q q 0 0 0 rg BT 509.19 602.25 Td (undiscounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 71.59 590.25 Td (when ) Tj ET Q q 0 0 0 rg BT 95.33 590.25 Td (it ) Tj ET Q q 0 0 0 rg BT 102.98 590.25 Td (is ) Tj ET Q q 0 0 0 rg BT 111.74 590.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 148.81 590.25 Td (that ) Tj ET Q q 0 0 0 rg BT 165.89 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.20 590.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.17 590.25 Td (has ) Tj ET Q q 0 0 0 rg BT 236.59 590.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 271.99 590.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.52 590.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 311.71 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.24 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.54 590.25 Td (related ) Tj ET Q q 0 0 0 rg BT 371.83 590.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 393.92 590.25 Td (can ) Tj ET Q q 0 0 0 rg BT 409.88 590.25 Td (be ) Tj ET Q q 0 0 0 rg BT 421.41 590.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 466.81 590.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 507.22 590.25 Td (but ) Tj ET Q q 0 0 0 rg BT 522.09 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.39 590.25 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.84 578.25 Td (incurring ) Tj ET Q q 0 0 0 rg BT 98.50 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.73 578.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 153.06 578.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.07 578.25 Td (is ) Tj ET Q q 0 0 0 rg BT 183.75 578.25 Td (unknown. ) Tj ET Q q 0 0 0 rg BT 225.33 578.25 Td (The ) Tj ET Q q 0 0 0 rg BT 242.89 578.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.79 578.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 323.56 578.25 Td (various ) Tj ET Q q 0 0 0 rg BT 355.01 578.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 384.23 578.25 Td (when ) Tj ET Q q 0 0 0 rg BT 407.90 578.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 451.57 578.25 Td (its ) Tj ET Q q 0 0 0 rg BT 463.02 578.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 522.79 578.25 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 102.74 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.19 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.09 566.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 167.99 566.25 Td (are ) Tj ET Q q 0 0 0 rg BT 182.87 566.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 220.53 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.99 566.25 Td (selling, ) Tj ET Q q 0 0 0 rg BT 262.83 566.25 Td (general ) Tj ET Q q 0 0 0 rg BT 294.94 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.05 566.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 371.94 566.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 406.83 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.95 566.25 Td (made ) Tj ET Q q 0 0 0 rg BT 448.28 566.25 Td (when ) Tj ET Q q 0 0 0 rg BT 472.62 566.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 515.29 566.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 86.80 554.25 Td (available ) Tj ET Q q 0 0 0 rg BT 125.21 554.25 Td (that ) Tj ET Q q 0 0 0 rg BT 142.52 554.25 Td (af) Tj ET Q q 0 0 0 rg BT 150.11 554.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 171.30 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.84 554.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 226.47 554.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 248.79 554.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.88 554.25 Td (study ) Tj ET Q q 0 0 0 rg BT 282.87 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 293.52 554.25 Td (remediate ) Tj ET Q q 0 0 0 rg BT 335.25 554.25 Td (any ) Tj ET Q q 0 0 0 rg BT 352.01 554.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 412.09 554.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 438.29 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 448.94 554.25 Td (when ) Tj ET Q q 0 0 0 rg BT 472.92 554.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 526.33 554.25 Td (are ) Tj ET Q q 0 0 0 rg BT 540.85 554.25 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (for ) Tj ET Q q 0 0 0 rg BT 62.51 542.25 Td (which ) Tj ET Q q 0 0 0 rg BT 88.29 542.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 126.85 542.25 Td (were ) Tj ET Q q 0 0 0 rg BT 147.63 542.25 Td (established. ) Tj ET Q q 0 0 0 rg BT 195.90 542.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 220.01 542.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 241.36 542.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 276.02 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.14 542.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 330.36 542.25 Td (with ) Tj ET Q q 0 0 0 rg BT 349.48 542.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 408.59 542.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 464.91 542.25 Td (are ) Tj ET Q q 0 0 0 rg BT 478.46 542.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 517.02 542.25 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 542.25 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (When ) Tj ET Q q 0 0 0 rg BT 76.46 521.25 Td (only ) Tj ET Q q 0 0 0 rg BT 97.33 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.86 521.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 127.38 521.25 Td (range ) Tj ET Q q 0 0 0 rg BT 152.68 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.09 521.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 205.50 521.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 242.48 521.25 Td (can ) Tj ET Q q 0 0 0 rg BT 259.44 521.25 Td (be ) Tj ET Q q 0 0 0 rg BT 271.97 521.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 318.37 521.25 Td (established ) Tj ET Q q 0 0 0 rg BT 365.89 521.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.42 521.25 Td (no ) Tj ET Q q 0 0 0 rg BT 396.50 521.25 Td (other ) Tj ET Q q 0 0 0 rg BT 420.14 521.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 453.22 521.25 Td (within ) Tj ET Q q 0 0 0 rg BT 481.86 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.17 521.25 Td (range ) Tj ET Q q 0 0 0 rg BT 522.46 521.25 Td (is ) Tj ET Q q 0 0 0 rg BT 532.22 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.75 521.25 Td (better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.20 509.25 Td (than ) Tj ET Q q 0 0 0 rg BT 104.80 509.25 Td (another) Tj ET Q q 0 0 0 rg BT 134.39 509.25 Td (, ) Tj ET Q q 0 0 0 rg BT 139.27 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.87 509.25 Td (low ) Tj ET Q q 0 0 0 rg BT 171.25 509.25 Td (end ) Tj ET Q q 0 0 0 rg BT 188.07 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.79 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.39 509.25 Td (range ) Tj ET Q q 0 0 0 rg BT 237.98 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 247.03 509.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 284.39 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.55 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.15 509.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.51 509.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 393.61 509.25 Td (In ) Tj ET Q q 0 0 0 rg BT 404.32 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 411.14 509.25 Td (number ) Tj ET Q q 0 0 0 rg BT 444.07 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.78 509.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 480.76 509.25 Td (it ) Tj ET Q q 0 0 0 rg BT 488.70 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 497.76 509.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 532.92 509.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 509.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.34 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 109.50 497.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 140.32 497.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 202.25 497.25 Td (through ) Tj ET Q q 0 0 0 rg BT 235.31 497.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 275.57 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 285.85 497.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.24 497.25 Td (other ) Tj ET Q q 0 0 0 rg BT 329.74 497.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 374.46 497.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 421.96 497.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 450.56 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.18 497.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.56 497.25 Td (site. ) Tj ET Q q 0 0 0 rg BT 488.90 497.25 Td (In ) Tj ET Q q 0 0 0 rg BT 499.18 497.25 Td (these ) Tj ET Q q 0 0 0 rg BT 521.68 497.25 Td (situations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 92.99 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.72 485.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 163.88 485.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 214.04 485.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 236.44 485.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.28 485.25 Td (other ) Tj ET Q q 0 0 0 rg BT 281.23 485.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 310.29 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 324.90 485.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 371.17 485.25 Td (when ) Tj ET Q q 0 0 0 rg BT 395.23 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.85 485.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 434.46 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 448.52 485.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 485.90 485.25 Td (is ) Tj ET Q q 0 0 0 rg BT 494.97 485.25 Td (either ) Tj ET Q q 0 0 0 rg BT 520.14 485.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 554.18 485.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (realizable. ) Tj ET Q q 0 0 0 rg BT 94.53 473.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.04 473.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 151.88 473.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 190.81 473.25 Td (for ) Tj ET Q q 0 0 0 rg BT 206.43 473.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 268.15 473.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 309.33 473.25 Td (are ) Tj ET Q q 0 0 0 rg BT 325.49 473.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 366.10 473.25 Td (periodically ) Tj ET Q q 0 0 0 rg BT 417.81 473.25 Td (as ) Tj ET Q q 0 0 0 rg BT 430.10 473.25 Td (site ) Tj ET Q q 0 0 0 rg BT 447.95 473.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 496.34 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.74 473.25 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (progresses ) Tj ET Q q 0 0 0 rg BT 94.29 461.25 Td (at ) Tj ET Q q 0 0 0 rg BT 104.08 461.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 147.21 461.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 167.56 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.58 461.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 220.48 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.83 461.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 258.94 461.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.50 461.25 Td (information ) Tj ET Q q 0 0 0 rg BT 351.29 461.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.86 461.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 406.42 461.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 447.59 461.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 466.82 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.18 461.25 Td (evolving ) Tj ET Q q 0 0 0 rg BT 514.75 461.25 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (technology) Tj ET Q q 0 0 0 rg BT 93.28 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 97.34 449.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 135.55 449.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 184.04 449.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 218.37 449.25 Td (third ) Tj ET Q q 0 0 0 rg BT 238.81 449.25 Td (party ) Tj ET Q q 0 0 0 rg BT 260.92 449.25 Td (contributions, ) Tj ET Q q 0 0 0 rg BT 317.74 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.52 449.25 Td (subjective ) Tj ET Q q 0 0 0 rg BT 373.61 449.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 400.15 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.04 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.81 449.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 474.81 449.25 Td (used ) Tj ET Q q 0 0 0 rg BT 494.70 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.69 449.25 Td (other ) Tj ET Q q 0 0 0 rg BT 532.80 449.25 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.27 437.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 120.24 437.25 Td (could ) Tj ET Q q 0 0 0 rg BT 145.34 437.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 166.00 437.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 218.88 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 241.20 437.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 277.97 437.25 Td (paid. ) Tj ET Q q 0 0 0 rg BT 300.57 437.25 Td (See ) Tj ET Q q 0 0 0 rg BT 317.90 437.25 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 382.43 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 390.32 437.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 457.07 437.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.74 437.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 490.06 437.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.06 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.95 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.83 437.25 Td (Commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 425.25 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 126.15 425.25 Td (for ) Tj ET Q q 0 0 0 rg BT 140.31 425.25 Td (further ) Tj ET Q q 0 0 0 rg BT 170.02 425.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (Loss Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 386.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.05 386.25 Td (is ) Tj ET Q q 0 0 0 rg BT 119.79 386.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 151.17 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.01 386.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.27 386.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 214.77 386.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 266.14 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.64 386.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 341.68 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.52 386.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 388.36 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.19 386.25 Td (those ) Tj ET Q q 0 0 0 rg BT 423.36 386.25 Td (related ) Tj ET Q q 0 0 0 rg BT 453.63 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.46 386.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 525.28 386.25 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 90.71 374.25 Td (above ) Tj ET Q q 0 0 0 rg BT 117.46 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.12 374.25 Td (this ) Tj ET Q q 0 0 0 rg BT 145.44 374.25 Td (Note, ) Tj ET Q q 0 0 0 rg BT 170.26 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.35 374.25 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 226.56 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.76 374.25 Td (which ) Tj ET Q q 0 0 0 rg BT 265.08 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 280.16 374.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 311.37 374.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.02 374.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 367.11 374.25 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 411.44 374.25 Td (. ) Tj ET Q q 0 0 0 rg BT 416.61 374.25 Td (The ) Tj ET Q q 0 0 0 rg BT 435.04 374.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 476.80 374.25 Td (accrues ) Tj ET Q q 0 0 0 rg BT 509.65 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 524.19 374.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 75.48 362.25 Td (if ) Tj ET Q q 0 0 0 rg BT 83.67 362.25 Td (it ) Tj ET Q q 0 0 0 rg BT 91.32 362.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.08 362.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 137.15 362.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.23 362.25 Td (a ) Tj ET Q q 0 0 0 rg BT 160.76 362.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 193.95 362.25 Td (has ) Tj ET Q q 0 0 0 rg BT 209.37 362.25 Td (been ) Tj ET Q q 0 0 0 rg BT 230.33 362.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 265.74 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.26 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.57 362.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.65 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.07 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.37 362.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 371.02 362.25 Td (can ) Tj ET Q q 0 0 0 rg BT 386.99 362.25 Td (be ) Tj ET Q q 0 0 0 rg BT 398.51 362.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 443.91 362.25 Td (estimated. ) Tj ET Q q 0 0 0 rg BT 486.67 362.25 Td (The ) Tj ET Q q 0 0 0 rg BT 504.31 362.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 545.28 362.25 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 89.41 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.98 350.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 145.32 350.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 179.66 350.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.24 350.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 203.93 350.25 Td (contingency ) Tj ET Q q 0 0 0 rg BT 254.94 350.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 284.29 350.25 Td (from ) Tj ET Q q 0 0 0 rg BT 305.87 350.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 344.11 350.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.57 350.25 Td (an ) Tj ET Q q 0 0 0 rg BT 366.15 350.25 Td (unasserted ) Tj ET Q q 0 0 0 rg BT 410.49 350.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 434.84 350.25 Td (should ) Tj ET Q q 0 0 0 rg BT 463.64 350.25 Td (be ) Tj ET Q q 0 0 0 rg BT 475.22 350.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 514.57 350.25 Td (or ) Tj ET Q q 0 0 0 rg BT 525.03 350.25 Td (recorded. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.67 338.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 104.72 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.68 338.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 137.73 338.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 188.67 338.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.73 338.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.90 338.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 286.50 338.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.79 338.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 338.96 338.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 378.78 338.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.84 338.25 Td (often ) Tj ET Q q 0 0 0 rg BT 419.01 338.25 Td (dif) Tj ET Q q 0 0 0 rg BT 429.94 338.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 453.67 338.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.07 338.25 Td (estimate. ) Tj ET Q q 0 0 0 rg BT 501.93 338.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 551.27 338.25 Td (, ) Tj ET Q q 0 0 0 rg BT 556.39 338.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 326.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 102.24 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.62 326.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 136.10 326.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 187.46 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.94 326.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.54 326.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 286.56 326.25 Td (is ) Tj ET Q q 0 0 0 rg BT 296.28 326.25 Td (dif) Tj ET Q q 0 0 0 rg BT 307.21 326.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 333.57 326.25 Td (than ) Tj ET Q q 0 0 0 rg BT 353.83 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.09 326.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 402.13 326.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 436.26 326.25 Td (by ) Tj ET Q q 0 0 0 rg BT 449.31 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.57 326.25 Td (Company) Tj ET Q q 0 0 0 rg BT 502.81 326.25 Td (, ) Tj ET Q q 0 0 0 rg BT 508.36 326.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 326.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (would ) Tj ET Q q 0 0 0 rg BT 77.41 314.25 Td (record ) Tj ET Q q 0 0 0 rg BT 105.86 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.99 314.25 Td (dif) Tj ET Q q 0 0 0 rg BT 131.92 314.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 164.24 314.25 Td (between ) Tj ET Q q 0 0 0 rg BT 200.47 314.25 Td (any ) Tj ET Q q 0 0 0 rg BT 217.82 314.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 262.95 314.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 300.83 314.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 333.74 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.09 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.22 314.25 Td (full ) Tj ET Q q 0 0 0 rg BT 383.02 314.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 415.93 314.25 Td (at ) Tj ET Q q 0 0 0 rg BT 426.05 314.25 Td (which ) Tj ET Q q 0 0 0 rg BT 453.40 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.53 314.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 496.99 314.25 Td (was ) Tj ET Q q 0 0 0 rg BT 515.45 314.25 Td (resolved, ) Tj ET Q q 0 0 0 rg BT 554.74 314.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 85.31 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.03 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.18 302.25 Td (period ) Tj ET Q q 0 0 0 rg BT 136.67 302.25 Td (resolved. ) Tj ET Q q 0 0 0 rg BT 174.98 302.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.49 302.25 Td (As ) Tj ET Q q 0 0 0 rg BT 189.54 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.38 302.25 Td (August ) Tj ET Q q 0 0 0 rg BT 230.21 302.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.65 302.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 266.59 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.96 302.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 307.40 302.25 Td (accruals ) Tj ET Q q 0 0 0 rg BT 342.09 302.25 Td (for ) Tj ET Q q 0 0 0 rg BT 355.69 302.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 377.06 302.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 433.98 302.25 Td (net ) Tj ET Q q 0 0 0 rg BT 448.13 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.40 302.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 517.55 302.25 Td (receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 290.25 Td (insurers ) Tj ET Q q 0 0 0 rg BT 105.60 290.25 Td (were ) Tj ET Q q 0 0 0 rg BT 127.53 290.25 Td (not ) Tj ET Q q 0 0 0 rg BT 142.81 290.25 Td (material.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.65 251.25 Td (Company) Tj ET Q q 0 0 0 rg BT 108.31 251.25 Td (s ) Tj ET Q q 0 0 0 rg BT 113.81 251.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.39 251.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 198.66 251.25 Td (include ) Tj ET Q q 0 0 0 rg BT 229.69 251.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.06 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.10 251.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 284.47 251.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 334.11 251.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 370.70 251.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 415.88 251.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 452.47 251.25 Td (payable, ) Tj ET Q q 0 0 0 rg BT 487.66 251.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 506.48 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.52 251.25 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.52 239.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.68 239.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.19 239.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 170.02 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.86 239.25 Td (market ) Tj ET Q q 0 0 0 rg BT 215.24 239.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 254.50 239.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.89 239.25 Td (value ) Tj ET Q q 0 0 0 rg BT 289.17 239.25 Td (its ) Tj ET Q q 0 0 0 rg BT 301.23 239.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.83 239.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.77 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.83 239.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 424.16 239.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 471.76 239.25 Td (using ) Tj ET Q q 0 0 0 rg BT 496.04 239.25 Td (available ) Tj ET Q q 0 0 0 rg BT 534.75 239.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 101.63 227.25 Td (The ) Tj ET Q q 0 0 0 rg BT 119.79 227.25 Td (net ) Tj ET Q q 0 0 0 rg BT 134.61 227.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 170.53 227.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 207.03 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.96 227.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 238.34 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.39 227.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 275.76 227.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 326.41 227.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 364.00 227.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 407.69 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.74 227.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 462.33 227.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 496.03 227.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 548.62 227.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td (value ) Tj ET Q q 0 0 0 rg BT 73.41 215.25 Td (due ) Tj ET Q q 0 0 0 rg BT 90.11 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.14 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.61 215.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 158.52 215.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 185.76 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.35 215.25 Td (these ) Tj ET Q q 0 0 0 rg BT 219.15 215.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 270.57 215.25 Td (For ) Tj ET Q q 0 0 0 rg BT 286.72 215.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 328.41 215.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 350.38 215.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.08 215.25 Td (is ) Tj ET Q q 0 0 0 rg BT 386.00 215.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 425.47 215.25 Td (at ) Tj ET Q q 0 0 0 rg BT 434.94 215.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 469.40 215.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 501.09 215.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 524.72 215.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 215.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.38 203.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 98.92 203.25 Td (using ) Tj ET Q q 0 0 0 rg BT 122.80 203.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 168.33 203.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 195.00 203.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 223.30 203.25 Td (2\) ) Tj ET Q q 0 0 0 rg BT 233.85 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.50 203.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 306.59 203.25 Td (its ) Tj ET Q q 0 0 0 rg BT 318.25 203.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 353.78 203.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 380.15 203.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 424.57 203.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 462.87 203.25 Td (are ) Tj ET Q q 0 0 0 rg BT 477.30 203.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 512.83 203.25 Td (at ) Tj ET Q q 0 0 0 rg BT 522.26 203.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.35 203.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 565.00 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 567.50 203.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 191.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.38 191.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.38 191.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.88 191.25 Td (- ) Tj ET Q q 0 0 0 rg BT 106.71 191.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 151.41 191.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 191.12 191.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 240.84 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 255.00 191.25 Td (further ) Tj ET Q q 0 0 0 rg BT 284.71 191.25 Td (detail.) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (66) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 665.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.85 665.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.85 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.44 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 126.03 665.25 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 153.63 665.25 Td (other ) Tj ET Q q 0 0 0 rg BT 176.76 665.25 Td (than ) Tj ET Q q 0 0 0 rg BT 196.57 665.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 226.38 665.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.84 665.25 Td (included ) Tj ET Q q 0 0 0 rg BT 289.87 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.24 665.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 325.59 665.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 333.18 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 350.77 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 365.56 665.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 411.47 665.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.72 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.53 665.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 498.65 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.57 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.38 665.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.85 665.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.33 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.05 653.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 132.99 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 143.82 653.25 Td (liability) Tj ET Q q 0 0 0 rg BT 174.27 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 179.27 653.25 Td (either ) Tj ET Q q 0 0 0 rg BT 204.54 653.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 237.58 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.41 653.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 286.08 653.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 638.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 638.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.76 638.25 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.76 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.26 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.76 638.25 Td (Unobservable ) Tj ET Q q 0 0 0 rg BT 183.80 638.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 210.75 638.25 Td (that ) Tj ET Q q 0 0 0 rg BT 228.24 638.25 Td (are ) Tj ET Q q 0 0 0 rg BT 242.95 638.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 287.66 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.94 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.66 638.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 370.70 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.53 638.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.90 638.25 Td (value ) Tj ET Q q 0 0 0 rg BT 422.06 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.89 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.60 638.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.54 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 480.37 638.25 Td (liability) Tj ET Q q 0 0 0 rg BT 510.83 638.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (When ) Tj ET Q q 0 0 0 rg BT 75.61 617.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 122.27 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.72 617.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 152.83 617.25 Td (value ) Tj ET Q q 0 0 0 rg BT 176.71 617.25 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 238.64 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.09 617.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.21 617.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 313.66 617.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 343.11 617.25 Td (market ) Tj ET Q q 0 0 0 rg BT 373.10 617.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.21 617.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 440.31 617.25 Td (available ) Tj ET Q q 0 0 0 rg BT 478.63 617.25 Td (or ) Tj ET Q q 0 0 0 rg BT 489.19 617.25 Td (seeks ) Tj ET Q q 0 0 0 rg BT 513.08 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.09 617.25 Td (maximize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.19 605.25 Td (use ) Tj ET Q q 0 0 0 rg BT 80.00 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.81 605.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 136.60 605.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 163.53 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.45 605.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 220.69 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.39 605.25 Td (use ) Tj ET Q q 0 0 0 rg BT 251.20 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.00 605.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 317.80 605.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 344.72 605.25 Td (when ) Tj ET Q q 0 0 0 rg BT 368.86 605.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 398.56 605.25 Td (market ) Tj ET Q q 0 0 0 rg BT 428.80 605.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 455.15 605.25 Td (are ) Tj ET Q q 0 0 0 rg BT 469.84 605.25 Td (not ) Tj ET Q q 0 0 0 rg BT 485.10 605.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 526.16 605.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.08 605.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 57.00 593.25 Td (- ) Tj ET Q q 0 0 0 rg BT 62.83 593.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 103.11 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.05 593.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 145.32 593.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 187.81 593.25 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 218.92 593.25 Td (net, ) Tj ET Q q 0 0 0 rg BT 236.14 593.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.07 593.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 275.01 593.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.01 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 287.51 593.25 Td (- ) Tj ET Q q 0 0 0 rg BT 293.34 593.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 338.04 593.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 377.76 593.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 427.47 593.25 Td (for ) Tj ET Q q 0 0 0 rg BT 441.63 593.25 Td (further ) Tj ET Q q 0 0 0 rg BT 471.34 593.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.86 554.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.56 554.25 Td (records ) Tj ET Q q 0 0 0 rg BT 144.80 554.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 188.60 554.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 239.08 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.67 554.25 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 284.47 554.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 324.38 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.63 554.25 Td (other ) Tj ET Q q 0 0 0 rg BT 366.99 554.25 Td (current ) Tj ET Q q 0 0 0 rg BT 399.12 554.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 426.26 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 438.41 554.25 Td (other ) Tj ET Q q 0 0 0 rg BT 462.77 554.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 497.66 554.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 538.69 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 554.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.12 542.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 138.18 542.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 166.14 542.25 Td (at ) Tj ET Q q 0 0 0 rg BT 175.20 542.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 190.93 542.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 216.94 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.23 542.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 267.28 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.91 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.98 542.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 306.71 542.25 Td (value ) Tj ET Q q 0 0 0 rg BT 330.21 542.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.27 542.25 Td (either ) Tj ET Q q 0 0 0 rg BT 368.88 542.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 414.60 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.23 542.25 Td (other ) Tj ET Q q 0 0 0 rg BT 446.62 542.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 509.01 542.25 Td (income ) Tj ET Q q 0 0 0 rg BT 540.29 542.25 Td (\(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 58.82 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 72.57 530.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 126.89 530.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 172.31 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.18 530.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 246.48 530.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 278.01 530.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 305.10 530.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.97 530.25 Td (net ) Tj ET Q q 0 0 0 rg BT 328.72 530.25 Td (income ) Tj ET Q q 0 0 0 rg BT 359.70 530.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 383.46 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.78 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 530.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 460.85 530.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 506.27 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 530.25 Td (Operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.36 518.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 106.49 518.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 150.68 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 163.21 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.96 518.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 205.48 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.35 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.10 518.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 276.96 518.25 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 318.09 518.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 352.83 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.58 518.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 410.10 518.25 Td (has ) Tj ET Q q 0 0 0 rg BT 425.96 518.25 Td (been ) Tj ET Q q 0 0 0 rg BT 447.37 518.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 492.67 518.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.53 518.25 Td (a ) Tj ET Q q 0 0 0 rg BT 510.51 518.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 536.92 518.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 556.39 518.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 94.60 506.25 Td (as ) Tj ET Q q 0 0 0 rg BT 105.27 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.05 506.25 Td (hedge, ) Tj ET Q q 0 0 0 rg BT 140.76 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.32 506.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 182.09 506.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.21 506.25 Td (which ) Tj ET Q q 0 0 0 rg BT 218.99 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.54 506.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 259.76 506.25 Td (is ) Tj ET Q q 0 0 0 rg BT 268.77 506.25 Td (ef) Tj ET Q q 0 0 0 rg BT 276.36 506.25 Td (fective. ) Tj ET Q q 0 0 0 rg BT 307.88 506.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 346.89 506.25 Td (included ) Tj ET Q q 0 0 0 rg BT 383.66 506.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.78 506.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 446.65 506.25 Td (other ) Tj ET Q q 0 0 0 rg BT 469.53 506.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 532.40 506.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 550.30 506.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 97.15 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.05 494.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 143.05 494.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.95 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.29 494.25 Td (period ) Tj ET Q q 0 0 0 rg BT 194.96 494.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.86 494.25 Td (which ) Tj ET Q q 0 0 0 rg BT 231.42 494.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 267.42 494.25 Td (are ) Tj ET Q q 0 0 0 rg BT 281.75 494.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 320.52 494.25 Td (by ) Tj ET Q q 0 0 0 rg BT 332.64 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.98 494.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 377.98 494.25 Td (items, ) Tj ET Q q 0 0 0 rg BT 404.26 494.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.16 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.50 494.25 Td (period ) Tj ET Q q 0 0 0 rg BT 456.17 494.25 Td (that ) Tj ET Q q 0 0 0 rg BT 473.29 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.63 494.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 518.62 494.25 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.72 482.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 92.36 482.25 Td (no ) Tj ET Q q 0 0 0 rg BT 104.91 482.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 133.00 482.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 158.32 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 168.65 482.25 Td (occur) Tj ET Q q 0 0 0 rg BT 190.46 482.25 Td (, ) Tj ET Q q 0 0 0 rg BT 195.50 482.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.38 482.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.71 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.47 482.25 Td (period ) Tj ET Q q 0 0 0 rg BT 259.57 482.25 Td (that ) Tj ET Q q 0 0 0 rg BT 277.11 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.88 482.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 334.40 482.25 Td (is ) Tj ET Q q 0 0 0 rg BT 343.62 482.25 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 391.43 482.25 Td (For ) Tj ET Q q 0 0 0 rg BT 407.87 482.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 428.18 482.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 449.06 482.25 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 481.88 482.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.86 482.25 Td (formal ) Tj ET Q q 0 0 0 rg BT 518.07 482.25 Td (assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.15 470.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 84.28 470.25 Td (both ) Tj ET Q q 0 0 0 rg BT 104.03 470.25 Td (at ) Tj ET Q q 0 0 0 rg BT 113.22 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.41 470.25 Td (hedge) Tj ET Q q 0 0 0 rg BT 154.07 470.25 Td (s ) Tj ET Q q 0 0 0 rg BT 159.93 470.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 199.12 470.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.54 470.25 Td (on ) Tj ET Q q 0 0 0 rg BT 227.51 470.25 Td (an ) Tj ET Q q 0 0 0 rg BT 238.92 470.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 273.68 470.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 298.15 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.91 470.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 349.86 470.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 384.04 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.24 470.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 444.08 470.25 Td (that ) Tj ET Q q 0 0 0 rg BT 461.05 470.25 Td (are ) Tj ET Q q 0 0 0 rg BT 475.23 470.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 519.97 470.25 Td (as ) Tj ET Q q 0 0 0 rg BT 530.28 470.25 Td (hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 98.40 458.25 Td (have ) Tj ET Q q 0 0 0 rg BT 119.51 458.25 Td (been ) Tj ET Q q 0 0 0 rg BT 140.62 458.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 168.41 458.25 Td (ef) Tj ET Q q 0 0 0 rg BT 176.00 458.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 205.43 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.44 458.25 Td (of) Tj ET Q q 0 0 0 rg BT 223.59 458.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 255.82 458.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 290.26 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.27 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.72 458.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 334.72 458.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 359.18 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.74 458.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 400.85 458.25 Td (items ) Tj ET Q q 0 0 0 rg BT 424.75 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.42 458.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 475.86 458.25 Td (those ) Tj ET Q q 0 0 0 rg BT 499.20 458.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 545.30 458.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.78 446.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 100.16 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.78 446.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 141.39 446.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 169.79 446.25 Td (ef) Tj ET Q q 0 0 0 rg BT 177.38 446.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 207.42 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.05 446.25 Td (future ) Tj ET Q q 0 0 0 rg BT 244.77 446.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 279.35 446.25 Td (T) Tj ET Q q 0 0 0 rg BT 284.76 446.25 Td (o ) Tj ET Q q 0 0 0 rg BT 292.60 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.66 446.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 334.94 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.00 446.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 376.72 446.25 Td (is ) Tj ET Q q 0 0 0 rg BT 386.24 446.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 434.06 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.68 446.25 Td (be ) Tj ET Q q 0 0 0 rg BT 456.97 446.25 Td (inef) Tj ET Q q 0 0 0 rg BT 472.33 446.25 Td (fective, ) Tj ET Q q 0 0 0 rg BT 504.88 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.94 446.25 Td (inef) Tj ET Q q 0 0 0 rg BT 535.31 446.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.78 434.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.85 434.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 142.23 434.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 188.49 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.67 434.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 237.27 434.25 Td (When ) Tj ET Q q 0 0 0 rg BT 263.55 434.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 304.53 434.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 334.15 434.25 Td (market ) Tj ET Q q 0 0 0 rg BT 364.31 434.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 390.58 434.25 Td (or ) Tj ET Q q 0 0 0 rg BT 401.31 434.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 427.58 434.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 464.41 434.25 Td (through ) Tj ET Q q 0 0 0 rg BT 497.92 434.25 Td (external ) Tj ET Q q 0 0 0 rg BT 532.52 434.25 Td (sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.47 422.25 Td (used ) Tj ET Q q 0 0 0 rg BT 85.57 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.11 422.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 132.20 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 139.40 422.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 182.15 422.25 Td (instrument) Tj ET Q q 0 0 0 rg BT 227.70 422.25 Td (s ) Tj ET Q q 0 0 0 rg BT 234.36 422.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.00 422.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 277.72 422.25 Td (The ) Tj ET Q q 0 0 0 rg BT 296.03 422.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 312.68 422.25 Td (value ) Tj ET Q q 0 0 0 rg BT 337.10 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.19 422.25 Td (these ) Tj ET Q q 0 0 0 rg BT 371.51 422.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 420.94 422.25 Td (is ) Tj ET Q q 0 0 0 rg BT 430.37 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.58 422.25 Td (function ) Tj ET Q q 0 0 0 rg BT 473.67 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.77 422.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 530.86 422.25 Td (forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 96.62 410.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 122.07 410.25 Td (or ) Tj ET Q q 0 0 0 rg BT 131.97 410.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 162.42 410.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 198.97 410.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 238.29 410.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 261.24 410.25 Td (related ) Tj ET Q q 0 0 0 rg BT 290.01 410.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 325.47 410.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.54 410.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 381.65 410.25 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 449.31 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.32 410.25 Td (duration ) Tj ET Q q 0 0 0 rg BT 500.22 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.12 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.91 410.25 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 70.89 398.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.51 398.25 Td (from ) Tj ET Q q 0 0 0 rg BT 115.34 398.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 160.60 398.25 Td (are ) Tj ET Q q 0 0 0 rg BT 174.20 398.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 219.46 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.63 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.24 398.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 296.41 398.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 341.68 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.41 398.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 372.80 398.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 398.65 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.82 398.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.65 398.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 445.03 398.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 486.41 398.25 Td (with ) Tj ET Q q 0 0 0 rg BT 505.59 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.20 398.25 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 102.26 386.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.20 386.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 141.14 386.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.14 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.64 386.25 Td (- ) Tj ET Q q 0 0 0 rg BT 159.47 386.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 204.17 386.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 243.88 386.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 293.60 386.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.76 386.25 Td (further ) Tj ET Q q 0 0 0 rg BT 337.47 386.25 Td (detail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 93.56 365.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.51 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 145.03 365.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 198.55 365.25 Td (used ) Tj ET Q q 0 0 0 rg BT 218.74 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.37 365.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 258.56 365.25 Td (business ) Tj ET Q q 0 0 0 rg BT 294.30 365.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 337.82 365.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.67 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 368.74 365.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 396.70 365.25 Td (by ) Tj ET Q q 0 0 0 rg BT 408.56 365.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 443.74 365.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 475.85 365.25 Td (, ) Tj ET Q q 0 0 0 rg BT 480.21 365.25 Td (among ) Tj ET Q q 0 0 0 rg BT 509.29 365.25 Td (other ) Tj ET Q q 0 0 0 rg BT 531.69 365.25 Td (criteria, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.71 353.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 95.71 353.25 Td (for ) Tj ET Q q 0 0 0 rg BT 109.38 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.82 353.25 Td (may ) Tj ET Q q 0 0 0 rg BT 145.04 353.25 Td (be ) Tj ET Q q 0 0 0 rg BT 156.49 353.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 201.26 353.25 Td (as ) Tj ET Q q 0 0 0 rg BT 211.59 353.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 241.92 353.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 283.36 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.80 353.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 330.13 353.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 354.08 353.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 394.41 353.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.41 353.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 441.74 353.25 Td (as ) Tj ET Q q 0 0 0 rg BT 452.08 353.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 482.41 353.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 523.84 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 534.18 353.25 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.44 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 86.15 341.25 Td (not ) Tj ET Q q 0 0 0 rg BT 101.42 341.25 Td (marked-to-market. ) Tj ET Q q 0 0 0 rg BT 178.43 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 196.48 341.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.86 341.25 Td (does ) Tj ET Q q 0 0 0 rg BT 258.69 341.25 Td (not ) Tj ET Q q 0 0 0 rg BT 273.97 341.25 Td (use ) Tj ET Q q 0 0 0 rg BT 289.80 341.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 332.28 341.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 381.45 341.25 Td (for ) Tj ET Q q 0 0 0 rg BT 395.61 341.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 426.43 341.25 Td (or ) Tj ET Q q 0 0 0 rg BT 437.26 341.25 Td (speculative ) Tj ET Q q 0 0 0 rg BT 484.74 341.25 Td (purposes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Foreign Currency T) Tj ET Q q 0 0 0 rg BT 132.47 320.25 Td (ranslation and T) Tj ET Q q 0 0 0 rg BT 201.01 320.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 78.95 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.73 302.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 137.29 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.95 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.51 302.25 Td (Company) Tj ET Q q 0 0 0 rg BT 206.17 302.25 Td (s ) Tj ET Q q 0 0 0 rg BT 213.41 302.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 258.40 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 269.52 302.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 302.84 302.25 Td (are ) Tj ET Q q 0 0 0 rg BT 318.39 302.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 360.60 302.25 Td (into ) Tj ET Q q 0 0 0 rg BT 379.49 302.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 400.62 302.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 431.17 302.25 Td (at ) Tj ET Q q 0 0 0 rg BT 441.73 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.28 302.25 Td (period-end ) Tj ET Q q 0 0 0 rg BT 503.94 302.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 545.03 302.25 Td (rate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.91 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.21 290.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.18 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.38 290.25 Td (these ) Tj ET Q q 0 0 0 rg BT 178.79 290.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 223.32 290.25 Td (are ) Tj ET Q q 0 0 0 rg BT 238.39 290.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 280.13 290.25 Td (into ) Tj ET Q q 0 0 0 rg BT 298.56 290.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 319.21 290.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 349.30 290.25 Td (at ) Tj ET Q q 0 0 0 rg BT 359.38 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.47 290.25 Td (average ) Tj ET Q q 0 0 0 rg BT 408.42 290.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 449.04 290.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.90 290.25 Td (for ) Tj ET Q q 0 0 0 rg BT 481.43 290.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.51 290.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 527.43 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.73 290.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 73.65 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.91 278.25 Td (these ) Tj ET Q q 0 0 0 rg BT 106.39 278.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 149.97 278.25 Td (are ) Tj ET Q q 0 0 0 rg BT 164.11 278.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 204.91 278.25 Td (into ) Tj ET Q q 0 0 0 rg BT 222.40 278.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 242.11 278.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 271.26 278.25 Td (using ) Tj ET Q q 0 0 0 rg BT 294.86 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.01 278.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 348.69 278.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 369.50 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 379.21 278.25 Td (ef) Tj ET Q q 0 0 0 rg BT 386.80 278.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 403.71 278.25 Td (at ) Tj ET Q q 0 0 0 rg BT 412.86 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.01 278.25 Td (time ) Tj ET Q q 0 0 0 rg BT 446.71 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.97 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.12 278.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.81 278.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 517.33 278.25 Td (T) Tj ET Q q 0 0 0 rg BT 523.08 278.25 Td (ranslation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.19 266.25 Td (are ) Tj ET Q q 0 0 0 rg BT 113.32 266.25 Td (not ) Tj ET Q q 0 0 0 rg BT 128.02 266.25 Td (included ) Tj ET Q q 0 0 0 rg BT 164.37 266.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.07 266.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 224.31 266.25 Td (net ) Tj ET Q q 0 0 0 rg BT 238.45 266.25 Td (income ) Tj ET Q q 0 0 0 rg BT 269.80 266.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 293.95 266.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.53 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.66 266.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 351.63 266.25 Td (but ) Tj ET Q q 0 0 0 rg BT 366.33 266.25 Td (are ) Tj ET Q q 0 0 0 rg BT 380.46 266.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.35 266.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.05 266.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 479.50 266.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.97 266.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (loss, ) Tj ET Q q 0 0 0 rg BT 70.29 254.25 Td (a ) Tj ET Q q 0 0 0 rg BT 77.46 254.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 112.95 254.25 Td (component ) Tj ET Q q 0 0 0 rg BT 160.12 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.18 254.25 Td (shareholders) Tj ET Q q 0 0 0 rg BT 224.30 254.25 Td ( ) Tj ET Q q 0 0 0 rg BT 227.03 254.25 Td (equity) Tj ET Q q 0 0 0 rg BT 251.38 254.25 Td (. ) Tj ET Q q 0 0 0 rg BT 256.61 254.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 290.45 254.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 328.16 254.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 374.76 254.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 398.60 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.77 254.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 442.40 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.34 254.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 498.93 254.25 Td (from ) Tj ET Q q 0 0 0 rg BT 521.10 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.05 254.25 Td (ef) Tj ET Q q 0 0 0 rg BT 543.64 254.25 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.68 242.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 99.29 242.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.13 242.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.19 242.25 Td (on ) Tj ET Q q 0 0 0 rg BT 162.05 242.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 211.67 242.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 265.17 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.80 242.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.10 242.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 317.93 242.25 Td (other ) Tj ET Q q 0 0 0 rg BT 340.33 242.25 Td (than ) Tj ET Q q 0 0 0 rg BT 359.40 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.47 242.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 415.87 242.25 Td (currency) Tj ET Q q 0 0 0 rg BT 450.19 242.25 Td (. ) Tj ET Q q 0 0 0 rg BT 454.55 242.25 Td (Gains ) Tj ET Q q 0 0 0 rg BT 479.73 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.03 242.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 521.77 242.25 Td (on ) Tj ET Q q 0 0 0 rg BT 533.63 242.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.37 230.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 138.03 230.25 Td (are ) Tj ET Q q 0 0 0 rg BT 153.13 230.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 193.23 230.25 Td (included ) Tj ET Q q 0 0 0 rg BT 230.56 230.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.23 230.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 292.45 230.25 Td (net ) Tj ET Q q 0 0 0 rg BT 307.56 230.25 Td (income ) Tj ET Q q 0 0 0 rg BT 339.89 230.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 365.01 230.25 Td (for ) Tj ET Q q 0 0 0 rg BT 379.56 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.68 230.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 425.41 230.25 Td (The ) Tj ET Q q 0 0 0 rg BT 443.85 230.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 485.63 230.25 Td (records ) Tj ET Q q 0 0 0 rg BT 517.96 230.25 Td (these ) Tj ET Q q 0 0 0 rg BT 541.40 230.25 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.75 218.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 95.46 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.05 218.25 Td (other ) Tj ET Q q 0 0 0 rg BT 131.41 218.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 167.16 218.25 Td (net ) Tj ET Q q 0 0 0 rg BT 183.19 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.78 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.81 218.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 267.40 218.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 315.09 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.23 218.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 377.42 218.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 395.68 218.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 431.13 218.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.38 218.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 494.84 218.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.53 218.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 95.87 206.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 119.48 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.42 206.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 162.81 206.25 Td (were ) Tj ET Q q 0 0 0 rg BT 184.74 206.25 Td (not ) Tj ET Q q 0 0 0 rg BT 200.02 206.25 Td (material ) Tj ET Q q 0 0 0 rg BT 235.28 206.25 Td (for ) Tj ET Q q 0 0 0 rg BT 249.44 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.15 206.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 288.31 206.25 Td (years ) Tj ET Q q 0 0 0 rg BT 311.91 206.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 337.73 206.25 Td (August ) Tj ET Q q 0 0 0 rg BT 369.12 206.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 384.12 206.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 409.12 206.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 431.62 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.56 206.25 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 89.79 185.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 71.97 167.25 Td (share ) Tj ET Q q 0 0 0 rg BT 95.54 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.36 167.25 Td (Class) Tj ET Q q 0 0 0 rg BT 129.97 167.25 Td (A) Tj ET Q q 0 0 0 rg BT 136.64 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.12 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.04 167.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 180.19 167.25 Td (B ) Tj ET Q q 0 0 0 rg BT 189.34 167.25 Td (common ) Tj ET Q q 0 0 0 rg BT 226.82 167.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 250.41 167.25 Td (is ) Tj ET Q q 0 0 0 rg BT 259.56 167.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 292.03 167.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.29 167.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.73 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.21 167.25 Td (vote. ) Tj ET Q q 0 0 0 rg BT 340.86 167.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 390.76 167.25 Td (, ) Tj ET Q q 0 0 0 rg BT 395.74 167.25 Td (each ) Tj ET Q q 0 0 0 rg BT 416.54 167.25 Td (share ) Tj ET Q q 0 0 0 rg BT 440.11 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.93 167.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 475.08 167.25 Td (B ) Tj ET Q q 0 0 0 rg BT 484.23 167.25 Td (common ) Tj ET Q q 0 0 0 rg BT 521.70 167.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 545.29 167.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.23 155.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 102.94 155.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.01 155.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.45 155.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.74 155.25 Td (share ) Tj ET Q q 0 0 0 rg BT 153.12 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.74 155.25 Td (Class) Tj ET Q q 0 0 0 rg BT 187.36 155.25 Td (A) Tj ET Q q 0 0 0 rg BT 194.03 155.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.32 155.25 Td (common ) Tj ET Q q 0 0 0 rg BT 233.60 155.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 259.00 155.25 Td (As ) Tj ET Q q 0 0 0 rg BT 272.40 155.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 295.52 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.02 155.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 351.20 155.25 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.25 155.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.69 155.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.97 155.25 Td (share ) Tj ET Q q 0 0 0 rg BT 426.36 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.98 155.25 Td (Class) Tj ET Q q 0 0 0 rg BT 460.60 155.25 Td (A) Tj ET Q q 0 0 0 rg BT 467.27 155.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.56 155.25 Td (common ) Tj ET Q q 0 0 0 rg BT 506.84 155.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 530.24 155.25 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 155.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.25 Td (share ) Tj ET Q q 0 0 0 rg BT 72.74 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.22 143.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 107.04 143.25 Td (B ) Tj ET Q q 0 0 0 rg BT 115.85 143.25 Td (common ) Tj ET Q q 0 0 0 rg BT 152.99 143.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 176.25 143.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 227.40 143.25 Td (There ) Tj ET Q q 0 0 0 rg BT 252.87 143.25 Td (are ) Tj ET Q q 0 0 0 rg BT 267.22 143.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 305.46 143.25 Td (no ) Tj ET Q q 0 0 0 rg BT 317.60 143.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 365.29 143.25 Td (distinctions ) Tj ET Q q 0 0 0 rg BT 413.55 143.25 Td (between ) Tj ET Q q 0 0 0 rg BT 449.01 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.38 143.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 488.30 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.78 143.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 530.36 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.84 143.25 Td (Class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 131.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.67 131.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 86.16 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.10 131.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 127.27 131.25 Td (B ) Tj ET Q q 0 0 0 rg BT 136.44 131.25 Td (shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 110.25 Td (Share Repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.88 92.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.60 92.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 147.42 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 161.91 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.96 92.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 223.10 92.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.27 92.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 258.21 92.25 Td (at ) Tj ET Q q 0 0 0 rg BT 268.26 92.25 Td (par ) Tj ET Q q 0 0 0 rg BT 283.86 92.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 310.22 92.25 Td (All ) Tj ET Q q 0 0 0 rg BT 325.84 92.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.66 92.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 404.80 92.25 Td (are ) Tj ET Q q 0 0 0 rg BT 419.84 92.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 453.77 92.25 Td (retired. ) Tj ET Q q 0 0 0 rg BT 485.19 92.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 510.25 92.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 554.17 92.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.40 80.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 94.58 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.49 80.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 151.06 80.25 Td (records ) Tj ET Q q 0 0 0 rg BT 183.18 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.08 80.25 Td (dif) Tj ET Q q 0 0 0 rg BT 209.01 80.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 241.11 80.25 Td (between ) Tj ET Q q 0 0 0 rg BT 277.12 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.02 80.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 331.37 80.25 Td (average ) Tj ET Q q 0 0 0 rg BT 365.14 80.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 383.93 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.95 80.25 Td (such ) Tj ET Q q 0 0 0 rg BT 415.97 80.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 443.65 80.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.77 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.68 80.25 Td (par ) Tj ET Q q 0 0 0 rg BT 491.14 80.25 Td (value ) Tj ET Q q 0 0 0 rg BT 515.48 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.50 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.40 80.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.20 68.25 Td (an ) Tj ET Q q 0 0 0 rg BT 72.02 68.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 118.27 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.43 68.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 170.79 68.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 201.49 68.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 233.02 68.25 Td (with ) Tj ET Q q 0 0 0 rg BT 253.17 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.76 68.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 296.23 68.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 333.58 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.74 68.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 378.31 68.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 414.56 68.25 Td (when ) Tj ET Q q 0 0 0 rg BT 438.60 68.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 480.96 68.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 511.66 68.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 540.69 68.25 Td (is ) Tj ET Q q 0 0 0 rg BT 549.73 68.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.25 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 56.25 Td (ficient.) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (67) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 713.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.50 713.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 155.04 713.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 189.48 713.25 Td (when ) Tj ET Q q 0 0 0 rg BT 213.92 713.25 Td (it ) Tj ET Q q 0 0 0 rg BT 222.26 713.25 Td (has ) Tj ET Q q 0 0 0 rg BT 238.38 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 245.60 713.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 280.59 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.71 713.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 330.03 713.25 Td (order ) Tj ET Q q 0 0 0 rg BT 353.91 713.25 Td (from ) Tj ET Q q 0 0 0 rg BT 376.14 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 383.36 713.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 422.80 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 443.37 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.59 713.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 473.92 713.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.04 713.25 Td (determinable ) Tj ET Q q 0 0 0 rg BT 540.02 713.25 Td (price, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.60 701.25 Td (title ) Tj ET Q q 0 0 0 rg BT 83.04 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.37 701.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 118.26 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.48 701.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 147.93 701.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 181.35 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.02 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.12 701.25 Td (buyer ) Tj ET Q q 0 0 0 rg BT 232.78 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.11 701.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 303.54 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.10 701.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 359.30 701.25 Td (assured. ) Tj ET Q q 0 0 0 rg BT 394.47 701.25 Td (T) Tj ET Q q 0 0 0 rg BT 400.23 701.25 Td (itle ) Tj ET Q q 0 0 0 rg BT 415.89 701.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.44 701.25 Td (both ) Tj ET Q q 0 0 0 rg BT 451.10 701.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 487.85 701.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 512.95 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.28 701.25 Td (finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.00 689.25 Td (products ) Tj ET Q q 0 0 0 rg BT 106.61 689.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 143.22 689.25 Td (based ) Tj ET Q q 0 0 0 rg BT 168.16 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 180.33 689.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 214.71 689.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 241.60 689.25 Td (Nearly ) Tj ET Q q 0 0 0 rg BT 270.98 689.25 Td (all ) Tj ET Q q 0 0 0 rg BT 283.15 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.66 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.05 689.25 Td (Company) Tj ET Q q 0 0 0 rg BT 349.71 689.25 Td (s ) Tj ET Q q 0 0 0 rg BT 355.78 689.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 386.27 689.25 Td (export ) Tj ET Q q 0 0 0 rg BT 413.99 689.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 435.61 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.11 689.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 482.15 689.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 506.53 689.25 Td (are ) Tj ET Q q 0 0 0 rg BT 520.91 689.25 Td (made ) Tj ET Q q 0 0 0 rg BT 544.74 689.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 76.33 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.05 677.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 114.70 677.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 152.08 677.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.23 677.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 197.13 677.25 Td (However) Tj ET Q q 0 0 0 rg BT 233.38 677.25 Td (, ) Tj ET Q q 0 0 0 rg BT 238.27 677.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 276.76 677.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 313.02 677.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 343.73 677.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 368.33 677.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 392.66 677.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 438.37 677.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 460.20 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.03 677.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 498.86 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.59 677.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 544.19 677.25 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.83 665.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 103.16 665.25 Td (made ) Tj ET Q q 0 0 0 rg BT 126.94 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.07 665.25 Td (open ) Tj ET Q q 0 0 0 rg BT 160.64 665.25 Td (account. ) Tj ET Q q 0 0 0 rg BT 196.36 665.25 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 244.02 665.25 Td (export ) Tj ET Q q 0 0 0 rg BT 271.70 665.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 293.26 665.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 330.38 665.25 Td (require ) Tj ET Q q 0 0 0 rg BT 360.82 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.39 665.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 398.40 665.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 419.96 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.87 665.25 Td (shipment. ) Tj ET Q q 0 0 0 rg BT 470.69 665.25 Td (All ) Tj ET Q q 0 0 0 rg BT 485.60 665.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 507.16 665.25 Td (made ) Tj ET Q q 0 0 0 rg BT 530.94 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 543.07 665.25 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (account ) Tj ET Q q 0 0 0 rg BT 83.11 653.25 Td (are ) Tj ET Q q 0 0 0 rg BT 97.83 653.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 138.66 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 152.83 653.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 205.89 653.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 227.84 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.13 653.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.29 653.25 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 322.29 653.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 372.20 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 377.21 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.94 653.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 433.34 653.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 478.61 653.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 516.66 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 529.18 653.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (loaded ) Tj ET Q q 0 0 0 rg BT 78.64 641.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 121.68 641.25 Td (when ) Tj ET Q q 0 0 0 rg BT 145.82 641.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 179.95 641.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 225.76 641.25 Td (support ) Tj ET Q q 0 0 0 rg BT 258.25 641.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.37 641.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 340.40 641.25 Td (based ) Tj ET Q q 0 0 0 rg BT 365.65 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 378.13 641.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 411.15 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.97 641.25 Td (title ) Tj ET Q q 0 0 0 rg BT 440.00 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.92 641.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 474.40 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.22 641.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 505.58 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.61 641.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 79.96 629.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 114.29 629.25 Td (net ) Tj ET Q q 0 0 0 rg BT 129.19 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.21 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.11 629.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 196.13 629.25 Td (made ) Tj ET Q q 0 0 0 rg BT 220.47 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.93 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.84 629.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 280.74 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.76 629.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 315.54 629.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 340.44 629.25 Td (when ) Tj ET Q q 0 0 0 rg BT 364.79 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.69 629.25 Td (supplier) Tj ET Q q 0 0 0 rg BT 411.51 629.25 Td (, ) Tj ET Q q 0 0 0 rg BT 416.70 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.82 629.25 Td (not ) Tj ET Q q 0 0 0 rg BT 449.29 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.19 629.25 Td (Company) Tj ET Q q 0 0 0 rg BT 502.43 629.25 Td (, ) Tj ET Q q 0 0 0 rg BT 507.62 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.97 629.25 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 65.00 617.25 Td (fulfillment, ) Tj ET Q q 0 0 0 rg BT 114.12 617.25 Td (including ) Tj ET Q q 0 0 0 rg BT 155.73 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.80 617.25 Td (acceptability ) Tj ET Q q 0 0 0 rg BT 226.72 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.90 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.96 617.25 Td (products ) Tj ET Q q 0 0 0 rg BT 293.24 617.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 337.62 617.25 Td (by ) Tj ET Q q 0 0 0 rg BT 351.47 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.53 617.25 Td (customer) Tj ET Q q 0 0 0 rg BT 403.63 617.25 Td (. ) Tj ET Q q 0 0 0 rg BT 409.98 617.25 Td (Retail ) Tj ET Q q 0 0 0 rg BT 437.70 617.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 477.08 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 493.14 617.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 540.84 617.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.76 605.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 109.91 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 124.28 605.25 Td (parts. ) Tj ET Q q 0 0 0 rg BT 148.93 605.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 195.50 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 200.71 605.25 Td (there ) Tj ET Q q 0 0 0 rg BT 223.41 605.25 Td (have ) Tj ET Q q 0 0 0 rg BT 245.00 605.25 Td (been ) Tj ET Q q 0 0 0 rg BT 266.58 605.25 Td (very ) Tj ET Q q 0 0 0 rg BT 287.07 605.25 Td (few ) Tj ET Q q 0 0 0 rg BT 304.77 605.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 326.92 605.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 357.40 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.55 605.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 425.04 605.25 Td (that ) Tj ET Q q 0 0 0 rg BT 442.74 605.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 472.67 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.60 605.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 523.08 605.25 Td (collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.88 593.25 Td (revenues; ) Tj ET Q q 0 0 0 rg BT 100.24 593.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 140.87 593.25 Td (no ) Tj ET Q q 0 0 0 rg BT 152.91 593.25 Td (material ) Tj ET Q q 0 0 0 rg BT 187.72 593.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 231.43 593.25 Td (for ) Tj ET Q q 0 0 0 rg BT 245.14 593.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 274.95 593.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.88 593.25 Td (been ) Tj ET Q q 0 0 0 rg BT 316.80 593.25 Td (made ) Tj ET Q q 0 0 0 rg BT 340.50 593.25 Td (when ) Tj ET Q q 0 0 0 rg BT 364.21 593.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 385.69 593.25 Td (are ) Tj ET Q q 0 0 0 rg BT 399.94 593.25 Td (recognized.) Tj ET Q q 0 0 0 rg BT 448.63 593.25 Td (The ) Tj ET Q q 0 0 0 rg BT 466.22 593.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 507.15 593.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 541.97 593.25 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 86.26 581.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.14 581.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 157.00 581.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 202.09 581.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 241.06 581.25 Td (from ) Tj ET Q q 0 0 0 rg BT 263.38 581.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 306.81 581.25 Td (on ) Tj ET Q q 0 0 0 rg BT 319.69 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 327.01 581.25 Td (net ) Tj ET Q q 0 0 0 rg BT 342.10 581.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 367.27 581.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 412.07 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.16 581.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 450.59 581.25 Td (are ) Tj ET Q q 0 0 0 rg BT 465.68 581.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 504.65 581.25 Td (from ) Tj ET Q q 0 0 0 rg BT 526.97 581.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 569.25 Td (are ) Tj ET Q q 0 0 0 rg BT 81.15 569.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 109.76 569.25 Td (as ) Tj ET Q q 0 0 0 rg BT 120.59 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.53 569.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 161.14 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.64 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.35 569.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 243.63 569.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 278.33 569.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 306.94 569.25 Td (until ) Tj ET Q q 0 0 0 rg BT 327.77 569.25 Td (remitted.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (Freight Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.29 530.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.42 530.25 Td (classifies ) Tj ET Q q 0 0 0 rg BT 147.31 530.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 184.00 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.68 530.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 237.92 530.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 260.16 530.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 285.17 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.19 530.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 337.98 530.25 Td (as ) Tj ET Q q 0 0 0 rg BT 348.55 530.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 382.44 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.12 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.58 530.25 Td (related ) Tj ET Q q 0 0 0 rg BT 443.02 530.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.26 530.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 500.82 530.25 Td (as ) Tj ET Q q 0 0 0 rg BT 511.39 530.25 Td (a ) Tj ET Q q 0 0 0 rg BT 518.07 530.25 Td (component ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 518.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 78.94 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.77 518.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 116.16 518.25 Td (sold.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (Share-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.45 479.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.75 479.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 156.90 479.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 215.85 479.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 235.37 479.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 269.31 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.50 479.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 331.10 479.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 368.94 479.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 420.11 479.25 Td (with ) Tj ET Q q 0 0 0 rg BT 441.29 479.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 487.46 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 479.25 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.17 467.25 Td (over ) Tj ET Q q 0 0 0 rg BT 107.63 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.53 467.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 154.10 467.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 184.83 467.25 Td (with ) Tj ET Q q 0 0 0 rg BT 205.30 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.20 467.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 238.99 467.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 279.99 467.25 Td (based ) Tj ET Q q 0 0 0 rg BT 305.45 467.25 Td (on ) Tj ET Q q 0 0 0 rg BT 318.13 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.04 467.25 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 376.25 467.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 392.82 467.25 Td (value ) Tj ET Q q 0 0 0 rg BT 417.16 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.17 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.07 467.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 470.75 467.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 520.11 467.25 Td (issued, ) Tj ET Q q 0 0 0 rg BT 550.29 467.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 455.25 Td (an ) Tj ET Q q 0 0 0 rg BT 72.27 455.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 113.09 455.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 153.34 455.25 Td (rate. ) Tj ET Q q 0 0 0 rg BT 173.33 455.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.27 455.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 212.21 455.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.21 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.71 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.21 455.25 Td (Share-Based ) Tj ET Q q 0 0 0 rg BT 285.24 455.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 345.52 455.25 Td (for ) Tj ET Q q 0 0 0 rg BT 359.68 455.25 Td (further ) Tj ET Q q 0 0 0 rg BT 389.38 455.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 88.30 434.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.37 416.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 105.80 416.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.89 416.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 164.30 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.85 416.25 Td (using ) Tj ET Q q 0 0 0 rg BT 203.40 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.50 416.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 240.82 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.15 416.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 292.14 416.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 327.31 416.25 Td (This ) Tj ET Q q 0 0 0 rg BT 347.97 416.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 383.06 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.16 416.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 446.58 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.80 416.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 481.23 416.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 520.20 416.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 554.18 416.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (refundable ) Tj ET Q q 0 0 0 rg BT 94.85 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.89 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.70 404.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 174.84 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.76 404.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 221.67 404.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.48 404.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 262.41 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.44 404.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 319.26 404.25 Td (for ) Tj ET Q q 0 0 0 rg BT 333.51 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.33 404.25 Td (future ) Tj ET Q q 0 0 0 rg BT 374.80 404.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.61 404.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 447.19 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.11 404.25 Td (events ) Tj ET Q q 0 0 0 rg BT 486.26 404.25 Td (that ) Tj ET Q q 0 0 0 rg BT 503.85 404.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.65 404.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.53 392.25 Td (one ) Tj ET Q q 0 0 0 rg BT 76.22 392.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 115.13 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 142.92 392.25 Td (on ) Tj ET Q q 0 0 0 rg BT 155.17 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.64 392.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 224.67 392.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.13 392.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 310.26 392.25 Td (but ) Tj ET Q q 0 0 0 rg BT 325.29 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.32 392.25 Td (a ) Tj ET Q q 0 0 0 rg BT 342.01 392.25 Td (dif) Tj ET Q q 0 0 0 rg BT 352.94 392.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 378.50 392.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.41 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 445.21 392.25 Td (on ) Tj ET Q q 0 0 0 rg BT 457.46 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.93 392.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.39 392.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 518.75 392.25 Td (T) Tj ET Q q 0 0 0 rg BT 524.16 392.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 535.85 392.25 Td (credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.84 380.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 111.83 380.25 Td (as ) Tj ET Q q 0 0 0 rg BT 123.30 380.25 Td (a ) Tj ET Q q 0 0 0 rg BT 130.87 380.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 171.76 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.23 380.25 Td (income ) Tj ET Q q 0 0 0 rg BT 215.79 380.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 231.14 380.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 266.48 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 277.39 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.74 380.25 Td (year ) Tj ET Q q 0 0 0 rg BT 313.08 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.43 380.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 354.32 380.25 Td (arises. ) Tj ET Q q 0 0 0 rg BT 382.50 380.25 Td (V) Tj ET Q q 0 0 0 rg BT 388.61 380.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 423.96 380.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 471.51 380.25 Td (are ) Tj ET Q q 0 0 0 rg BT 486.85 380.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 524.96 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.87 380.25 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.56 368.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.52 368.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.60 368.25 Td (when ) Tj ET Q q 0 0 0 rg BT 151.01 368.25 Td (it ) Tj ET Q q 0 0 0 rg BT 159.32 368.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.74 368.25 Td (more ) Tj ET Q q 0 0 0 rg BT 192.04 368.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 217.56 368.25 Td (than ) Tj ET Q q 0 0 0 rg BT 237.53 368.25 Td (not ) Tj ET Q q 0 0 0 rg BT 253.06 368.25 Td (that ) Tj ET Q q 0 0 0 rg BT 270.81 368.25 Td (a ) Tj ET Q q 0 0 0 rg BT 277.99 368.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.96 368.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 323.48 368.25 Td (will ) Tj ET Q q 0 0 0 rg BT 341.78 368.25 Td (not ) Tj ET Q q 0 0 0 rg BT 357.31 368.25 Td (be ) Tj ET Q q 0 0 0 rg BT 369.50 368.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 406.19 368.25 Td (T) Tj ET Q q 0 0 0 rg BT 411.60 368.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 423.79 368.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 458.20 368.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 488.16 368.25 Td (from ) Tj ET Q q 0 0 0 rg BT 510.35 368.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 550.31 368.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 88.28 356.25 Td (are ) Tj ET Q q 0 0 0 rg BT 103.15 356.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 149.68 356.25 Td (when ) Tj ET Q q 0 0 0 rg BT 174.00 356.25 Td (it ) Tj ET Q q 0 0 0 rg BT 182.22 356.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.55 356.25 Td (more ) Tj ET Q q 0 0 0 rg BT 214.76 356.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 240.20 356.25 Td (than ) Tj ET Q q 0 0 0 rg BT 260.07 356.25 Td (not ) Tj ET Q q 0 0 0 rg BT 275.52 356.25 Td (that ) Tj ET Q q 0 0 0 rg BT 293.17 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.05 356.25 Td (position ) Tj ET Q q 0 0 0 rg BT 342.94 356.25 Td (will ) Tj ET Q q 0 0 0 rg BT 361.16 356.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.26 356.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 413.14 356.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 435.80 356.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 487.90 356.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.56 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.44 356.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 550.30 356.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 96.63 344.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.79 344.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 147.39 344.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 193.86 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.25 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.08 344.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.67 344.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 301.49 344.25 Td (is ) Tj ET Q q 0 0 0 rg BT 310.76 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.59 344.25 Td (lar) Tj ET Q q 0 0 0 rg BT 335.96 344.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 354.67 344.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 387.28 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.22 344.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 413.04 344.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 443.42 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 461.02 344.25 Td (is ) Tj ET Q q 0 0 0 rg BT 470.30 344.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 500.66 344.25 Td (than ) Tj ET Q q 0 0 0 rg BT 520.49 344.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 533.10 344.25 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 74.86 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.78 332.25 Td (being ) Tj ET Q q 0 0 0 rg BT 110.58 332.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 144.81 332.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 167.40 332.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 202.76 332.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 246.44 332.25 Td (with ) Tj ET Q q 0 0 0 rg BT 266.81 332.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.84 332.25 Td (taxing ) Tj ET Q q 0 0 0 rg BT 301.42 332.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 340.11 332.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.69 332.25 Td (has ) Tj ET Q q 0 0 0 rg BT 373.61 332.25 Td (full ) Tj ET Q q 0 0 0 rg BT 390.09 332.25 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 436.55 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.47 332.25 Td (all ) Tj ET Q q 0 0 0 rg BT 460.05 332.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 494.84 332.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 546.95 332.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.56 320.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 135.49 320.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.10 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.72 320.25 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 223.94 320.25 Td (if ) Tj ET Q q 0 0 0 rg BT 232.22 320.25 Td (any) Tj ET Q q 0 0 0 rg BT 246.01 320.25 Td (, ) Tj ET Q q 0 0 0 rg BT 250.69 320.25 Td (related ) Tj ET Q q 0 0 0 rg BT 280.07 320.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.02 320.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 329.40 320.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.80 320.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 382.09 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.05 320.25 Td (income ) Tj ET Q q 0 0 0 rg BT 423.66 320.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 438.05 320.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 474.93 320.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.55 320.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 513.16 320.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.16 320.25 Td ( ) Tj ET Q q 0 0 0 rg BT 525.34 320.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.52 320.25 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 308.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 75.18 308.25 Td (for ) Tj ET Q q 0 0 0 rg BT 89.34 308.25 Td (further ) Tj ET Q q 0 0 0 rg BT 119.05 308.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (Net Income \(Loss\) Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 74.29 269.25 Td (net ) Tj ET Q q 0 0 0 rg BT 89.08 269.25 Td (income ) Tj ET Q q 0 0 0 rg BT 121.09 269.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 145.88 269.25 Td (per ) Tj ET Q q 0 0 0 rg BT 161.22 269.25 Td (share ) Tj ET Q q 0 0 0 rg BT 184.90 269.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 233.01 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.36 269.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 260.38 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 269.63 269.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 311.63 269.25 Td (by ) Tj ET Q q 0 0 0 rg BT 324.21 269.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 360.12 269.25 Td (net ) Tj ET Q q 0 0 0 rg BT 374.91 269.25 Td (income ) Tj ET Q q 0 0 0 rg BT 406.91 269.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 431.71 269.25 Td (by ) Tj ET Q q 0 0 0 rg BT 444.28 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.07 269.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 498.30 269.25 Td (average ) Tj ET Q q 0 0 0 rg BT 531.96 269.25 Td (number ) 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 60.49 257.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 109.82 257.25 Td (common ) Tj ET Q q 0 0 0 rg BT 147.47 257.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.13 257.25 Td (during ) Tj ET Q q 0 0 0 rg BT 203.89 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.77 257.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 250.87 257.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 291.85 257.25 Td (including ) Tj ET Q q 0 0 0 rg BT 332.28 257.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 360.49 257.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.46 257.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 420.23 257.25 Td (units ) Tj ET Q q 0 0 0 rg BT 442.34 257.25 Td (\(DSUs\) ) Tj ET Q q 0 0 0 rg BT 484.43 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.53 257.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 541.39 257.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (units ) Tj ET Q q 0 0 0 rg BT 70.94 245.25 Td (\(RSUs\) ) Tj ET Q q 0 0 0 rg BT 111.81 245.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 146.02 245.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 175.21 245.25 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 208.02 245.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 240.00 245.25 Td (net ) Tj ET Q q 0 0 0 rg BT 254.21 245.25 Td (income ) Tj ET Q q 0 0 0 rg BT 285.64 245.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 309.85 245.25 Td (per ) Tj ET Q q 0 0 0 rg BT 324.61 245.25 Td (share ) Tj ET Q q 0 0 0 rg BT 347.70 245.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 395.23 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.00 245.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 421.45 245.25 Td (is ) Tj ET Q q 0 0 0 rg BT 430.11 245.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 471.54 245.25 Td (by ) Tj ET Q q 0 0 0 rg BT 483.53 245.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 518.86 245.25 Td (net ) Tj ET Q q 0 0 0 rg BT 533.06 245.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 74.89 233.25 Td (by ) Tj ET Q q 0 0 0 rg BT 88.06 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.45 233.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 143.27 233.25 Td (average ) Tj ET Q q 0 0 0 rg BT 177.52 233.25 Td (number ) Tj ET Q q 0 0 0 rg BT 211.24 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.74 233.25 Td (common ) Tj ET Q q 0 0 0 rg BT 260.90 233.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 289.06 233.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 341.39 233.25 Td (assuming ) Tj ET Q q 0 0 0 rg BT 382.34 233.25 Td (dilution. ) Tj ET Q q 0 0 0 rg BT 419.12 233.25 Td (Potentially ) Tj ET Q q 0 0 0 rg BT 465.62 233.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 499.34 233.25 Td (common ) Tj ET Q q 0 0 0 rg BT 537.51 233.25 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (include ) Tj ET Q q 0 0 0 rg BT 80.66 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.61 221.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 130.78 221.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 165.26 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.32 221.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 198.16 221.25 Td (options ) Tj ET Q q 0 0 0 rg BT 229.34 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.51 221.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 281.68 221.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 312.29 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.35 221.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 374.61 221.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 403.83 221.25 Td (DSU ) Tj ET Q q 0 0 0 rg BT 425.56 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.73 221.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 462.91 221.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 492.96 221.25 Td (using ) Tj ET Q q 0 0 0 rg BT 516.36 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 221.25 Td (treasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.08 209.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 108.05 209.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 139.96 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.76 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.45 209.25 Td (Company) Tj ET Q q 0 0 0 rg BT 207.11 209.25 Td (s ) Tj ET Q q 0 0 0 rg BT 213.48 209.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 237.06 209.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 271.48 209.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 297.30 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.21 209.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 367.21 209.25 Td (share ) Tj ET Q q 0 0 0 rg BT 390.78 209.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 421.57 209.25 Td (were ) Tj ET Q q 0 0 0 rg BT 443.47 209.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 482.04 209.25 Td (from ) Tj ET Q q 0 0 0 rg BT 503.95 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 209.25 Td (calculation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.38 197.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 90.71 197.25 Td (net ) Tj ET Q q 0 0 0 rg BT 105.48 197.25 Td (income ) Tj ET Q q 0 0 0 rg BT 137.47 197.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 162.24 197.25 Td (per ) Tj ET Q q 0 0 0 rg BT 177.57 197.25 Td (share ) Tj ET Q q 0 0 0 rg BT 201.22 197.25 Td (because ) Tj ET Q q 0 0 0 rg BT 235.42 197.25 Td (they ) Tj ET Q q 0 0 0 rg BT 255.19 197.25 Td (were ) Tj ET Q q 0 0 0 rg BT 277.17 197.25 Td (antidilutive; ) Tj ET Q q 0 0 0 rg BT 328.05 197.25 Td (however) Tj ET Q q 0 0 0 rg BT 362.08 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 367.13 197.25 Td (these ) Tj ET Q q 0 0 0 rg BT 390.23 197.25 Td (options ) Tj ET Q q 0 0 0 rg BT 422.23 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.23 197.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 470.10 197.25 Td (could ) Tj ET Q q 0 0 0 rg BT 494.87 197.25 Td (be ) Tj ET Q q 0 0 0 rg BT 506.86 197.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 539.97 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 197.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 78.30 185.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 95.16 185.25 Td (income ) Tj ET Q q 0 0 0 rg BT 127.02 185.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 174.98 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.18 185.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 246.49 185.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 282.23 185.25 Td (is ) Tj ET Q q 0 0 0 rg BT 291.33 185.25 Td (deducted ) Tj ET Q q 0 0 0 rg BT 329.85 185.25 Td (from ) Tj ET Q q 0 0 0 rg BT 351.71 185.25 Td (income ) Tj ET Q q 0 0 0 rg BT 383.56 185.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 408.21 185.25 Td (from ) Tj ET Q q 0 0 0 rg BT 430.07 185.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 475.27 185.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 519.35 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.55 185.25 Td (arrive ) Tj ET Q q 0 0 0 rg BT 555.29 185.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.44 173.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 106.16 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 128.11 173.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 173.38 173.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 217.54 173.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 265.58 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.87 173.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 292.82 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 306.99 173.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 345.04 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.88 173.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 402.25 173.25 Td (income ) Tj ET Q q 0 0 0 rg BT 434.18 173.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 458.91 173.25 Td (per ) Tj ET Q q 0 0 0 rg BT 474.18 173.25 Td (share ) Tj ET Q q 0 0 0 rg BT 497.79 173.25 Td (from ) Tj ET Q q 0 0 0 rg BT 519.73 173.25 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.85 161.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 144.08 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.56 161.25 Td (SSI. ) Tj ET Q q 0 0 0 rg BT 176.21 161.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 198.80 161.25 Td (per ) Tj ET Q q 0 0 0 rg BT 215.26 161.25 Td (share ) Tj ET Q q 0 0 0 rg BT 240.06 161.25 Td (from ) Tj ET Q q 0 0 0 rg BT 263.19 161.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 317.99 161.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 363.34 161.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 412.58 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.05 161.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 442.20 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 452.57 161.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 494.58 161.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 538.81 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 161.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 149.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 151.16 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.99 149.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 210.86 149.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.80 149.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 249.74 149.25 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.74 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 262.24 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.74 149.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 286.68 149.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 319.16 149.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 347.21 149.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 363.04 149.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 388.31 149.25 Td (for ) Tj ET Q q 0 0 0 rg BT 402.47 149.25 Td (further ) Tj ET Q q 0 0 0 rg BT 432.18 149.25 Td (detail.) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (68) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.90 713.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 114.29 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.47 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.54 713.25 Td (Company) Tj ET Q q 0 0 0 rg BT 180.21 713.25 Td (s ) Tj ET Q q 0 0 0 rg BT 185.96 713.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 240.58 713.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 279.65 713.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 325.39 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.02 713.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 381.83 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 401.47 713.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 440.52 713.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 477.35 713.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 523.08 713.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.62 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.18 701.25 Td (United ) Tj ET Q q 0 0 0 rg BT 103.74 701.25 Td (States ) Tj ET Q q 0 0 0 rg BT 129.97 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.13 701.25 Td (America ) Tj ET Q q 0 0 0 rg BT 176.90 701.25 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 204.79 701.25 Td (GAAP\) ) Tj ET Q q 0 0 0 rg BT 242.13 701.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 276.68 701.25 Td (management ) Tj ET Q q 0 0 0 rg BT 330.12 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.24 701.25 Td (make ) Tj ET Q q 0 0 0 rg BT 364.24 701.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 403.79 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.57 701.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 472.37 701.25 Td (that ) Tj ET Q q 0 0 0 rg BT 489.71 701.25 Td (af) Tj ET Q q 0 0 0 rg BT 497.29 701.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 514.62 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 701.25 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 84.69 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.33 689.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.96 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.71 689.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 173.23 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.97 689.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 230.82 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.46 689.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 283.98 689.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 308.61 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.35 689.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 362.88 689.25 Td (at ) Tj ET Q q 0 0 0 rg BT 371.40 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.92 689.25 Td (date ) Tj ET Q q 0 0 0 rg BT 402.88 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.52 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.04 689.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 480.12 689.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.63 689.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.38 677.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 104.13 677.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 141.45 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.22 677.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 188.30 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.18 677.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 245.72 677.25 Td (during ) Tj ET Q q 0 0 0 rg BT 275.26 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.92 677.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 331.01 677.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 362.49 677.25 Td (Examples ) Tj ET Q q 0 0 0 rg BT 405.36 677.25 Td (include ) Tj ET Q q 0 0 0 rg BT 438.24 677.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 478.88 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.65 677.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.42 677.25 Td (received ) Tj ET Q q 0 0 0 rg BT 554.72 677.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 104.04 665.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 139.68 665.25 Td (recognition; ) Tj ET Q q 0 0 0 rg BT 191.99 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.19 665.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 252.71 665.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.36 665.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 306.24 665.25 Td (accounts; ) Tj ET Q q 0 0 0 rg BT 347.99 665.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 389.19 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.51 665.25 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 462.98 665.25 Td (including ) Tj ET Q q 0 0 0 rg BT 504.74 665.25 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 91.13 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.97 653.25 Td (other ) Tj ET Q q 0 0 0 rg BT 134.93 653.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 158.77 653.25 Td (liabilities; ) Tj ET Q q 0 0 0 rg BT 203.18 653.25 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 245.64 653.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 291.16 653.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 315.00 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.85 653.25 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 399.91 653.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 444.30 653.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 468.15 653.25 Td (valuation; ) Tj ET Q q 0 0 0 rg BT 512.55 653.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 554.17 653.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.26 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.03 641.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 132.35 641.25 Td (ventures; ) Tj ET Q q 0 0 0 rg BT 171.99 641.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 212.19 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.51 641.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 253.70 641.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 303.88 641.25 Td (awards; ) Tj ET Q q 0 0 0 rg BT 337.97 641.25 Td (other ) Tj ET Q q 0 0 0 rg BT 361.50 641.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 383.93 641.25 Td (valuation; ) Tj ET Q q 0 0 0 rg BT 426.91 641.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 468.22 641.25 Td (valuation; ) Tj ET Q q 0 0 0 rg BT 511.20 641.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 545.29 641.25 Td (plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (assumptions; ) Tj ET Q q 0 0 0 rg BT 103.68 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.07 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.24 629.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 180.63 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.92 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.09 629.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 244.25 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.53 629.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 289.79 629.25 Td (income ) Tj ET Q q 0 0 0 rg BT 321.18 629.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 343.68 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.07 629.25 Td (income ) Tj ET Q q 0 0 0 rg BT 391.46 629.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 405.63 629.25 Td (contingencies. ) Tj ET Q q 0 0 0 rg BT 464.63 629.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 493.24 629.25 Td (results ) Tj ET Q q 0 0 0 rg BT 521.30 629.25 Td (may ) Tj ET Q q 0 0 0 rg BT 540.47 629.25 Td (dif) Tj ET Q q 0 0 0 rg BT 551.40 629.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 617.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 112.26 617.25 Td (amounts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (Concentration of Credit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.82 578.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 137.60 578.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.71 578.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 199.59 578.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.02 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.35 578.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.35 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.24 578.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 339.57 578.25 Td (concentration ) Tj ET Q q 0 0 0 rg BT 396.10 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.54 578.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 431.41 578.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.53 578.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 478.42 578.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.74 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.18 578.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 548.06 578.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.34 566.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 119.46 566.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 156.52 566.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 202.17 566.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 225.35 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.87 566.25 Td (other ) Tj ET Q q 0 0 0 rg BT 264.49 566.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 310.98 566.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 358.03 566.25 Td (from ) Tj ET Q q 0 0 0 rg BT 379.54 566.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 417.72 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.23 566.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 476.29 566.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.34 566.25 Td (instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.39 554.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 103.62 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.29 554.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 134.40 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.18 554.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.30 554.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 219.18 554.25 Td (is ) Tj ET Q q 0 0 0 rg BT 228.20 554.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 274.97 554.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.09 554.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.53 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.87 554.25 Td (major ) Tj ET Q q 0 0 0 rg BT 337.54 554.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.87 554.25 Td (institution. ) Tj ET Q q 0 0 0 rg BT 420.27 554.25 Td (Balances ) Tj ET Q q 0 0 0 rg BT 458.71 554.25 Td (with ) Tj ET Q q 0 0 0 rg BT 478.83 554.25 Td (this ) Tj ET Q q 0 0 0 rg BT 495.62 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.41 554.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 541.95 554.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 95.71 542.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 134.65 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.62 542.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 180.36 542.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 213.22 542.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 253.83 542.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 303.91 542.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 335.10 542.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 366.85 542.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.93 542.25 Td ($250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.43 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.18 542.25 Td (as ) Tj ET Q q 0 0 0 rg BT 426.27 542.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 542.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 481.60 542.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.60 542.25 Td (. ) Tj ET Q q 0 0 0 rg BT 505.86 542.25 Td (Concentration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 530.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 85.51 530.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 102.97 530.25 Td (with ) Tj ET Q q 0 0 0 rg BT 123.21 530.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 153.98 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.22 530.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 201.66 530.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 245.20 530.25 Td (is ) Tj ET Q q 0 0 0 rg BT 254.33 530.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 285.12 530.25 Td (because ) Tj ET Q q 0 0 0 rg BT 319.22 530.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.12 530.25 Td (lar) Tj ET Q q 0 0 0 rg BT 336.48 530.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 348.38 530.25 Td (number ) Tj ET Q q 0 0 0 rg BT 381.38 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.17 530.25 Td (geographically ) Tj ET Q q 0 0 0 rg BT 454.05 530.25 Td (diverse ) Tj ET Q q 0 0 0 rg BT 485.39 530.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 528.39 530.25 Td (make ) Tj ET Q q 0 0 0 rg BT 552.51 530.25 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 518.25 Td (Company) Tj ET Q q 0 0 0 rg BT 106.06 518.25 Td (s ) Tj ET Q q 0 0 0 rg BT 112.62 518.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 151.95 518.25 Td (base. ) Tj ET Q q 0 0 0 rg BT 174.70 518.25 Td (The ) Tj ET Q q 0 0 0 rg BT 192.92 518.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 234.48 518.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 269.37 518.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 294.80 518.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 312.48 518.25 Td (through ) Tj ET Q q 0 0 0 rg BT 346.26 518.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 371.70 518.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 415.75 518.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 441.18 518.25 Td (limits, ) Tj ET Q q 0 0 0 rg BT 469.14 518.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 494.58 518.25 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 538.07 518.25 Td (letters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.63 506.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 84.20 506.25 Td (or ) Tj ET Q q 0 0 0 rg BT 94.33 506.25 Td (other ) Tj ET Q q 0 0 0 rg BT 116.68 506.25 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 158.18 506.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.76 506.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 212.34 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.58 506.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 274.83 506.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 322.87 506.25 Td (The ) Tj ET Q q 0 0 0 rg BT 340.22 506.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.91 506.25 Td (is ) Tj ET Q q 0 0 0 rg BT 389.38 506.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 423.95 506.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.53 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 439.77 506.25 Td (residual ) Tj ET Q q 0 0 0 rg BT 473.23 506.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 497.80 506.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 514.60 506.25 Td (with ) Tj ET Q q 0 0 0 rg BT 534.18 506.25 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.39 494.25 Td (open ) Tj ET Q q 0 0 0 rg BT 82.95 494.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 110.50 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.94 494.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 147.82 494.25 Td (by ) Tj ET Q q 0 0 0 rg BT 160.94 494.25 Td (virtue ) Tj ET Q q 0 0 0 rg BT 187.38 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.82 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.15 494.25 Td (possibility ) Tj ET Q q 0 0 0 rg BT 258.94 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.39 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.72 494.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 314.93 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.38 494.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.93 494.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 356.48 494.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 398.48 494.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.04 494.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 429.70 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.14 494.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 469.29 494.25 Td (The ) Tj ET Q q 0 0 0 rg BT 487.96 494.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.96 494.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.51 494.25 Td ($40 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 482.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 482.25 Td ($33 ) Tj ET Q q 0 0 0 rg BT 115.33 482.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.22 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.72 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.55 482.25 Td (open ) Tj ET Q q 0 0 0 rg BT 179.49 482.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 206.42 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.25 482.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 242.52 482.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.35 482.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.63 482.25 Td (August ) Tj ET Q q 0 0 0 rg BT 295.02 482.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 310.02 482.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 332.52 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.46 482.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.46 482.25 Td (, ) Tj ET Q q 0 0 0 rg BT 374.46 482.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 422.12 482.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (Note 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 458.25 Td ( Recent ) Tj ET Q q 0 0 0 rg BT 118.87 458.25 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 180.63 458.25 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.87 437.25 Td (May ) Tj ET Q q 0 0 0 rg BT 81.75 437.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 106.79 437.25 Td (an ) Tj ET Q q 0 0 0 rg BT 118.77 437.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 165.19 437.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 201.61 437.25 Td (update ) Tj ET Q q 0 0 0 rg BT 230.81 437.25 Td (was ) Tj ET Q q 0 0 0 rg BT 248.91 437.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 276.45 437.25 Td (that ) Tj ET Q q 0 0 0 rg BT 293.99 437.25 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 328.74 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.50 437.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 385.47 437.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.68 437.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 449.42 437.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 483.61 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 505.60 437.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 544.23 437.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.67 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.04 425.25 Td (update ) Tj ET Q q 0 0 0 rg BT 143.52 425.25 Td (will ) Tj ET Q q 0 0 0 rg BT 161.91 425.25 Td (supersede ) Tj ET Q q 0 0 0 rg BT 204.16 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.20 425.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 253.69 425.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 290.40 425.25 Td (for ) Tj ET Q q 0 0 0 rg BT 304.88 425.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 354.91 425.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 391.26 425.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 436.86 425.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 470.23 425.25 Td (have ) Tj ET Q q 0 0 0 rg BT 491.94 425.25 Td (been ) Tj ET Q q 0 0 0 rg BT 513.64 425.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 541.47 425.25 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (May ) Tj ET Q q 0 0 0 rg BT 69.83 413.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 91.33 413.25 Td (amending ) Tj ET Q q 0 0 0 rg BT 132.26 413.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 162.64 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.47 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.18 413.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 211.01 413.25 Td (update ) Tj ET Q q 0 0 0 rg BT 239.17 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.10 413.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 295.49 413.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 359.75 413.25 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 399.74 413.25 Td (The ) Tj ET Q q 0 0 0 rg BT 416.78 413.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 454.37 413.25 Td (is ) Tj ET Q q 0 0 0 rg BT 462.54 413.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 505.13 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.41 413.25 Td (all ) Tj ET Q q 0 0 0 rg BT 525.90 413.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (with ) Tj ET Q q 0 0 0 rg BT 71.74 401.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 116.24 401.25 Td (regardless ) Tj ET Q q 0 0 0 rg BT 160.74 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.03 401.25 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 244.19 401.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.48 401.25 Td (transaction-specific ) Tj ET Q q 0 0 0 rg BT 338.73 401.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 357.67 401.25 Td (patterns. ) Tj ET Q q 0 0 0 rg BT 395.79 401.25 Td (Further) Tj ET Q q 0 0 0 rg BT 424.83 401.25 Td (, ) Tj ET Q q 0 0 0 rg BT 431.28 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.46 401.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 487.51 401.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 523.68 401.25 Td (improved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 97.10 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.55 389.25 Td (help ) Tj ET Q q 0 0 0 rg BT 127.43 389.25 Td (users ) Tj ET Q q 0 0 0 rg BT 150.65 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.65 389.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.29 389.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 244.17 389.25 Td (better ) Tj ET Q q 0 0 0 rg BT 269.60 389.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 316.14 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.03 389.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 361.18 389.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 396.34 389.25 Td (timing, ) Tj ET Q q 0 0 0 rg BT 427.62 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.72 389.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 492.37 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.36 389.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 537.68 389.25 Td (that ) Tj ET Q q 0 0 0 rg BT 555.34 389.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 98.00 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 115.32 377.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 150.96 377.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.40 377.25 Td (ef) Tj ET Q q 0 0 0 rg BT 166.99 377.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 195.96 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 209.38 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.37 377.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.02 377.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 305.79 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.33 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.32 377.25 Td (first ) Tj ET Q q 0 0 0 rg BT 347.19 377.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 377.27 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.37 377.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 410.79 377.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 435.06 377.25 Td (including ) Tj ET Q q 0 0 0 rg BT 474.60 377.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 505.25 377.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 536.46 377.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.41 365.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 91.48 365.25 Td (year) Tj ET Q q 0 0 0 rg BT 108.13 365.25 Td (. ) Tj ET Q q 0 0 0 rg BT 113.05 365.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 137.69 365.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 179.53 365.25 Td (ef) Tj ET Q q 0 0 0 rg BT 187.12 365.25 Td (fective, ) Tj ET Q q 0 0 0 rg BT 219.24 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.87 365.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.17 365.25 Td (will ) Tj ET Q q 0 0 0 rg BT 293.14 365.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 317.77 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.40 365.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 385.36 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.55 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.19 365.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 446.48 365.25 Td (either ) Tj ET Q q 0 0 0 rg BT 471.66 365.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 533.49 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 365.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.72 353.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 110.65 353.25 Td (period ) Tj ET Q q 0 0 0 rg BT 138.48 353.25 Td (presented, ) Tj ET Q q 0 0 0 rg BT 181.58 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 192.19 353.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 253.89 353.25 Td (with ) Tj ET Q q 0 0 0 rg BT 273.95 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.44 353.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 335.15 353.25 Td (ef) Tj ET Q q 0 0 0 rg BT 342.74 353.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 360.00 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.62 353.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 404.00 353.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 441.28 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.78 353.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 494.15 353.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 540.29 353.25 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 353.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (date ) Tj ET Q q 0 0 0 rg BT 69.07 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 79.81 341.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 105.55 341.25 Td (application. ) Tj ET Q q 0 0 0 rg BT 154.71 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 172.67 341.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 213.97 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 223.05 341.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 267.11 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.74 341.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 311.36 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.10 341.25 Td (adopting ) Tj ET Q q 0 0 0 rg BT 359.51 341.25 Td (this ) Tj ET Q q 0 0 0 rg BT 376.37 341.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 412.66 341.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.07 341.25 Td (its ) Tj ET Q q 0 0 0 rg BT 436.93 341.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 489.88 341.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 527.27 341.25 Td (position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 329.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.59 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 329.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 170.80 329.25 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.67 308.25 Td (April ) Tj ET Q q 0 0 0 rg BT 84.79 308.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 110.30 308.25 Td (an ) Tj ET Q q 0 0 0 rg BT 122.74 308.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 169.62 308.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 206.51 308.25 Td (update ) Tj ET Q q 0 0 0 rg BT 236.17 308.25 Td (was ) Tj ET Q q 0 0 0 rg BT 254.73 308.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 282.74 308.25 Td (that ) Tj ET Q q 0 0 0 rg BT 300.74 308.25 Td (amends ) Tj ET Q q 0 0 0 rg BT 334.30 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.52 308.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 404.73 308.25 Td (for ) Tj ET Q q 0 0 0 rg BT 419.40 308.25 Td (presenting ) Tj ET Q q 0 0 0 rg BT 464.06 308.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 484.29 308.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 521.17 308.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 546.46 308.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 87.63 296.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 121.37 296.25 Td (that ) Tj ET Q q 0 0 0 rg BT 137.90 296.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 156.65 296.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 192.06 296.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 213.60 296.25 Td (related ) Tj ET Q q 0 0 0 rg BT 242.33 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.65 296.25 Td (a ) Tj ET Q q 0 0 0 rg BT 257.62 296.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 303.02 296.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 321.77 296.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 354.41 296.25 Td (be ) Tj ET Q q 0 0 0 rg BT 365.39 296.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 405.24 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.55 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.30 296.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 460.37 296.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 482.45 296.25 Td (as ) Tj ET Q q 0 0 0 rg BT 492.31 296.25 Td (a ) Tj ET Q q 0 0 0 rg BT 498.29 296.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 522.58 296.25 Td (deduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.96 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.70 284.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 106.44 284.25 Td (liability) Tj ET Q q 0 0 0 rg BT 136.90 284.25 Td (, ) Tj ET Q q 0 0 0 rg BT 141.92 284.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 184.44 284.25 Td (with ) Tj ET Q q 0 0 0 rg BT 204.74 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.48 284.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 270.87 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.72 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 288.68 284.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 308.42 284.25 Td (discount. ) Tj ET Q q 0 0 0 rg BT 347.15 284.25 Td (This ) Tj ET Q q 0 0 0 rg BT 367.45 284.25 Td (is ) Tj ET Q q 0 0 0 rg BT 376.64 284.25 Td (not ) Tj ET Q q 0 0 0 rg BT 391.94 284.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 435.55 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.85 284.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 465.59 284.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 501.99 284.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 524.51 284.25 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 284.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (line-of-credit ) Tj ET Q q 0 0 0 rg BT 105.12 272.25 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 163.85 272.25 Td (as ) Tj ET Q q 0 0 0 rg BT 174.55 272.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 213.01 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.16 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 229.97 272.25 Td (related ) Tj ET Q q 0 0 0 rg BT 259.54 272.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 305.78 272.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 342.03 272.25 Td (update ) Tj ET Q q 0 0 0 rg BT 371.05 272.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 398.42 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.05 272.25 Td (August ) Tj ET Q q 0 0 0 rg BT 439.31 272.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 464.01 272.25 Td (The ) Tj ET Q q 0 0 0 rg BT 481.93 272.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 518.17 272.25 Td (is ) Tj ET Q q 0 0 0 rg BT 527.21 272.25 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 272.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.80 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.15 260.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.17 260.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 161.30 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.21 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.57 260.25 Td (first ) Tj ET Q q 0 0 0 rg BT 203.81 260.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 234.26 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.73 260.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 268.52 260.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 293.15 260.25 Td (including ) Tj ET Q q 0 0 0 rg BT 333.06 260.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 364.08 260.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 395.65 260.25 Td (within ) Tj ET Q q 0 0 0 rg BT 423.34 260.25 Td (that ) Tj ET Q q 0 0 0 rg BT 440.47 260.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 464.26 260.25 Td (year) Tj ET Q q 0 0 0 rg BT 481.07 260.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.71 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.28 260.25 Td (is ) Tj ET Q q 0 0 0 rg BT 511.08 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.00 260.25 Td (be ) Tj ET Q q 0 0 0 rg BT 532.57 260.25 Td (applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 111.62 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.60 248.25 Td (each ) Tj ET Q q 0 0 0 rg BT 142.12 248.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 163.77 248.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 202.62 248.25 Td (period ) Tj ET Q q 0 0 0 rg BT 230.38 248.25 Td (presented. ) Tj ET Q q 0 0 0 rg BT 272.91 248.25 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 312.89 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.42 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.84 248.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 373.92 248.25 Td (is ) Tj ET Q q 0 0 0 rg BT 382.80 248.25 Td (not ) Tj ET Q q 0 0 0 rg BT 397.78 248.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 435.52 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.50 248.25 Td (have ) Tj ET Q q 0 0 0 rg BT 466.58 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.22 248.25 Td (material ) Tj ET Q q 0 0 0 rg BT 508.18 248.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 537.60 248.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 248.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.08 236.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 150.12 236.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.60 236.25 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.23 215.25 Td (July ) Tj ET Q q 0 0 0 rg BT 80.79 215.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 106.19 215.25 Td (an ) Tj ET Q q 0 0 0 rg BT 118.52 215.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 165.29 215.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 202.06 215.25 Td (update ) Tj ET Q q 0 0 0 rg BT 231.61 215.25 Td (was ) Tj ET Q q 0 0 0 rg BT 250.06 215.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 277.95 215.25 Td (that ) Tj ET Q q 0 0 0 rg BT 295.84 215.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 330.95 215.25 Td (an ) Tj ET Q q 0 0 0 rg BT 343.28 215.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 368.95 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.62 215.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 415.83 215.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 445.93 215.25 Td (types ) Tj ET Q q 0 0 0 rg BT 469.94 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.16 215.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 518.84 215.25 Td (, ) Tj ET Q q 0 0 0 rg BT 524.23 215.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 90.53 203.25 Td (that ) Tj ET Q q 0 0 0 rg BT 107.73 203.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.61 203.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 157.13 203.25 Td (using ) Tj ET Q q 0 0 0 rg BT 181.01 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.43 203.25 Td (first-in, ) Tj ET Q q 0 0 0 rg BT 227.36 203.25 Td (first ) Tj ET Q q 0 0 0 rg BT 245.67 203.25 Td (out ) Tj ET Q q 0 0 0 rg BT 260.66 203.25 Td (\(FIFO\) ) Tj ET Q q 0 0 0 rg BT 291.20 203.25 Td (or ) Tj ET Q q 0 0 0 rg BT 301.74 203.25 Td (average ) Tj ET Q q 0 0 0 rg BT 335.03 203.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 353.34 203.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 388.05 203.25 Td (at ) Tj ET Q q 0 0 0 rg BT 397.47 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.89 203.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 436.87 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.41 203.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 465.72 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.37 203.25 Td (net ) Tj ET Q q 0 0 0 rg BT 496.79 203.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 537.86 203.25 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.92 191.25 Td (current ) Tj ET Q q 0 0 0 rg BT 98.61 191.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 144.86 191.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 181.11 191.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 215.69 191.25 Td (an ) Tj ET Q q 0 0 0 rg BT 227.50 191.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 252.65 191.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.80 191.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 298.49 191.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 339.19 191.25 Td (at ) Tj ET Q q 0 0 0 rg BT 348.79 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.38 191.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 388.52 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.22 191.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 417.71 191.25 Td (or ) Tj ET Q q 0 0 0 rg BT 428.41 191.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 461.05 191.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 497.85 191.25 Td (market ) Tj ET Q q 0 0 0 rg BT 527.99 191.25 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 191.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 101.74 179.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 123.23 179.25 Td (net ) Tj ET Q q 0 0 0 rg BT 138.33 179.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 180.07 179.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 207.11 179.25 Td (or ) Tj ET Q q 0 0 0 rg BT 218.32 179.25 Td (net ) Tj ET Q q 0 0 0 rg BT 233.42 179.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 275.16 179.25 Td (value ) Tj ET Q q 0 0 0 rg BT 299.70 179.25 Td (less ) Tj ET Q q 0 0 0 rg BT 317.58 179.25 Td (an ) Tj ET Q q 0 0 0 rg BT 329.90 179.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 390.54 179.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 421.75 179.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 446.85 179.25 Td (mar) Tj ET Q q 0 0 0 rg BT 462.21 179.25 Td (gin. ) Tj ET Q q 0 0 0 rg BT 480.17 179.25 Td (The ) Tj ET Q q 0 0 0 rg BT 498.59 179.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 552.02 179.25 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.10 167.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 89.63 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.73 167.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 140.38 167.25 Td (that ) Tj ET Q q 0 0 0 rg BT 157.69 167.25 Td (is ) Tj ET Q q 0 0 0 rg BT 166.68 167.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 207.31 167.25 Td (using ) Tj ET Q q 0 0 0 rg BT 231.30 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.84 167.25 Td (last-in, ) Tj ET Q q 0 0 0 rg BT 275.65 167.25 Td (first-out ) Tj ET Q q 0 0 0 rg BT 310.19 167.25 Td (\(LIFO\) ) Tj ET Q q 0 0 0 rg BT 341.39 167.25 Td (or ) Tj ET Q q 0 0 0 rg BT 352.04 167.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 374.90 167.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 415.55 167.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 450.19 167.25 Td (The ) Tj ET Q q 0 0 0 rg BT 468.06 167.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 504.26 167.25 Td (is ) Tj ET Q q 0 0 0 rg BT 513.25 167.25 Td (ef) Tj ET Q q 0 0 0 rg BT 520.83 167.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 550.35 167.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.95 155.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.58 155.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 146.31 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.82 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.77 155.25 Td (first ) Tj ET Q q 0 0 0 rg BT 187.62 155.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 217.67 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.73 155.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 251.13 155.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 275.36 155.25 Td (including ) Tj ET Q q 0 0 0 rg BT 314.87 155.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 345.49 155.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 376.66 155.25 Td (within ) Tj ET Q q 0 0 0 rg BT 403.96 155.25 Td (that ) Tj ET Q q 0 0 0 rg BT 420.69 155.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 444.08 155.25 Td (year) Tj ET Q q 0 0 0 rg BT 460.73 155.25 Td (. ) Tj ET Q q 0 0 0 rg BT 464.58 155.25 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 504.10 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.17 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.12 155.25 Td (standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.09 143.25 Td (not ) Tj ET Q q 0 0 0 rg BT 74.28 143.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 112.23 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.42 143.25 Td (have ) Tj ET Q q 0 0 0 rg BT 143.72 143.25 Td (a ) Tj ET Q q 0 0 0 rg BT 150.57 143.25 Td (material ) Tj ET Q q 0 0 0 rg BT 185.75 143.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 215.37 143.25 Td (on ) Tj ET Q q 0 0 0 rg BT 227.79 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.42 143.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 289.42 143.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.38 143.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.77 143.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 416.92 143.25 Td (results ) Tj ET Q q 0 0 0 rg BT 445.44 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.19 143.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.26 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.11 143.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.30 143.25 Td (flows.) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (69) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.29 731.10 Td (September ) Tj ET Q q 0 0 0 rg BT 105.01 731.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 129.46 731.10 Td (an ) Tj ET Q q 0 0 0 rg BT 140.86 731.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 186.69 731.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 222.52 731.10 Td (update ) Tj ET Q q 0 0 0 rg BT 251.14 731.10 Td (was ) Tj ET Q q 0 0 0 rg BT 268.64 731.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 295.60 731.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.55 731.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 355.61 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.78 731.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 420.05 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.79 731.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 491.16 731.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 517.01 731.10 Td (provisional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.62 719.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 133.22 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.73 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.90 719.10 Td (business ) Tj ET Q q 0 0 0 rg BT 187.52 719.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 234.14 719.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 271.85 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.36 719.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 319.53 719.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 358.92 719.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 393.40 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.68 719.10 Td (amendments, ) Tj ET Q q 0 0 0 rg BT 467.45 719.10 Td (instead, ) Tj ET Q q 0 0 0 rg BT 501.01 719.10 Td (require ) Tj ET Q q 0 0 0 rg BT 532.06 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.79 719.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 84.73 707.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 125.57 707.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 175.32 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.07 707.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 232.05 707.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 267.91 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 284.88 707.10 Td (are ) Tj ET Q q 0 0 0 rg BT 299.06 707.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 339.36 707.10 Td (during ) Tj ET Q q 0 0 0 rg BT 367.45 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.64 707.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 418.59 707.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 473.88 707.10 Td (period ) Tj ET Q q 0 0 0 rg BT 501.40 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.16 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.35 707.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (period ) Tj ET Q q 0 0 0 rg BT 79.09 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.41 695.10 Td (which ) Tj ET Q q 0 0 0 rg BT 118.39 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.15 695.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 181.57 695.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 215.11 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.32 695.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 276.08 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 295.17 695.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 331.47 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.68 695.10 Td (required ) Tj ET Q q 0 0 0 rg BT 378.54 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.86 695.10 Td (also ) Tj ET Q q 0 0 0 rg BT 409.51 695.10 Td (record, ) Tj ET Q q 0 0 0 rg BT 441.08 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.40 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.16 695.10 Td (same ) Tj ET Q q 0 0 0 rg BT 492.25 695.10 Td (period's ) Tj ET Q q 0 0 0 rg BT 527.03 695.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 96.70 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.91 683.10 Td (ef) Tj ET Q q 0 0 0 rg BT 118.50 683.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 135.48 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.47 683.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 183.34 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.66 683.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 227.86 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.63 683.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 291.54 683.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 346.57 683.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.89 683.10 Td (other ) Tj ET Q q 0 0 0 rg BT 379.43 683.10 Td (income ) Tj ET Q q 0 0 0 rg BT 410.86 683.10 Td (ef) Tj ET Q q 0 0 0 rg BT 418.45 683.10 Td (fects, ) Tj ET Q q 0 0 0 rg BT 441.82 683.10 Td (if ) Tj ET Q q 0 0 0 rg BT 449.92 683.10 Td (any) Tj ET Q q 0 0 0 rg BT 463.71 683.10 Td (, ) Tj ET Q q 0 0 0 rg BT 468.20 683.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.52 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.95 683.10 Td (result ) Tj ET Q q 0 0 0 rg BT 509.16 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.48 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.69 683.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.49 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.41 671.10 Td (provisional ) Tj ET Q q 0 0 0 rg BT 123.11 671.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 162.21 671.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 205.44 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.48 671.10 Td (if ) Tj ET Q q 0 0 0 rg BT 225.30 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.22 671.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 286.80 671.10 Td (had ) Tj ET Q q 0 0 0 rg BT 303.95 671.10 Td (been ) Tj ET Q q 0 0 0 rg BT 325.53 671.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 369.89 671.10 Td (at ) Tj ET Q q 0 0 0 rg BT 379.81 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.74 671.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 441.33 671.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 462.99 671.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.25 671.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 517.83 671.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.21 671.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 671.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.52 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.60 659.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.34 659.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 164.20 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.84 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.92 659.10 Td (first ) Tj ET Q q 0 0 0 rg BT 208.88 659.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 240.06 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.25 659.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 275.77 659.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 301.13 659.10 Td (including ) Tj ET Q q 0 0 0 rg BT 341.76 659.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 373.50 659.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 405.80 659.10 Td (within ) Tj ET Q q 0 0 0 rg BT 434.22 659.10 Td (that ) Tj ET Q q 0 0 0 rg BT 452.07 659.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 476.59 659.10 Td (year) Tj ET Q q 0 0 0 rg BT 493.25 659.10 Td (. ) Tj ET Q q 0 0 0 rg BT 497.97 659.10 Td (Adoption ) Tj ET Q q 0 0 0 rg BT 538.61 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 659.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 86.91 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.60 647.10 Td (not ) Tj ET Q q 0 0 0 rg BT 112.41 647.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 150.97 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.78 647.10 Td (have ) Tj ET Q q 0 0 0 rg BT 183.69 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.15 647.10 Td (material ) Tj ET Q q 0 0 0 rg BT 226.94 647.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 257.18 647.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.21 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.46 647.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 333.06 647.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 386.64 647.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 424.64 647.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 462.40 647.10 Td (results ) Tj ET Q q 0 0 0 rg BT 491.54 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.90 647.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.58 647.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 635.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.62 614.10 Td (February ) Tj ET Q q 0 0 0 rg BT 101.00 614.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 126.79 614.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.51 614.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 186.67 614.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 223.83 614.10 Td (was ) Tj ET Q q 0 0 0 rg BT 242.67 614.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 270.96 614.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.24 614.10 Td (will ) Tj ET Q q 0 0 0 rg BT 308.08 614.10 Td (supersede ) Tj ET Q q 0 0 0 rg BT 350.80 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.30 614.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 401.25 614.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 424.52 614.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 461.68 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.41 614.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 519.35 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.08 614.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 554.24 614.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 91.30 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.18 602.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 120.61 602.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 154.16 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.04 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.91 602.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 200.34 602.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 222.22 602.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.66 602.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.55 602.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 279.52 602.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 302.51 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.61 602.10 Td (allleases, ) Tj ET Q q 0 0 0 rg BT 357.92 602.10 Td (including ) Tj ET Q q 0 0 0 rg BT 398.13 602.10 Td (those ) Tj ET Q q 0 0 0 rg BT 421.68 602.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 461.89 602.10 Td (as ) Tj ET Q q 0 0 0 rg BT 472.66 602.10 Td (operatingleases ) Tj ET Q q 0 0 0 rg BT 539.24 602.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 590.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 98.17 590.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 120.31 590.10 Td (standard. ) Tj ET Q q 0 0 0 rg BT 158.67 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 176.37 590.10 Td (update ) Tj ET Q q 0 0 0 rg BT 205.17 590.10 Td (also ) Tj ET Q q 0 0 0 rg BT 223.42 590.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 258.34 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.70 590.10 Td (required ) Tj ET Q q 0 0 0 rg BT 308.16 590.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 357.51 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.10 590.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 418.45 590.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 465.04 590.10 Td (surroundingleases. ) Tj ET Q q 0 0 0 rg BT 544.23 590.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 85.85 578.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.50 578.10 Td (ef) Tj ET Q q 0 0 0 rg BT 102.09 578.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 131.27 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.91 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.10 578.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 199.97 578.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 241.94 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.69 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.89 578.10 Td (first ) Tj ET Q q 0 0 0 rg BT 283.97 578.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 314.27 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.58 578.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 348.21 578.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 372.69 578.10 Td (including ) Tj ET Q q 0 0 0 rg BT 412.44 578.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 443.30 578.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 474.71 578.10 Td (within ) Tj ET Q q 0 0 0 rg BT 502.25 578.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.22 578.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.85 578.10 Td (year) Tj ET Q q 0 0 0 rg BT 559.51 578.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.71 566.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 107.51 566.10 Td (will ) Tj ET Q q 0 0 0 rg BT 126.00 566.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.37 566.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 170.73 566.10 Td (using ) Tj ET Q q 0 0 0 rg BT 195.33 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.69 566.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 241.73 566.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 296.29 566.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 337.00 566.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 376.57 566.10 Td (forleasesexisting ) Tj ET Q q 0 0 0 rg BT 451.70 566.10 Td (at, ) Tj ET Q q 0 0 0 rg BT 464.35 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.61 566.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 507.96 566.10 Td (into ) Tj ET Q q 0 0 0 rg BT 526.44 566.10 Td (after) Tj ET Q q 0 0 0 rg BT 544.36 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 566.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 93.49 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.31 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.02 554.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 153.38 554.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 206.30 554.10 Td (period ) Tj ET Q q 0 0 0 rg BT 235.34 554.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 277.14 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.42 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.12 554.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.60 554.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 390.55 554.10 Td (The ) Tj ET Q q 0 0 0 rg BT 409.59 554.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 451.97 554.10 Td (is ) Tj ET Q q 0 0 0 rg BT 462.13 554.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 507.27 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.98 554.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 553.69 554.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 87.50 542.10 Td (this ) Tj ET Q q 0 0 0 rg BT 104.44 542.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 140.82 542.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.32 542.10 Td (its ) Tj ET Q q 0 0 0 rg BT 165.27 542.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 218.31 542.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.79 542.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 293.02 542.10 Td (results ) Tj ET Q q 0 0 0 rg BT 321.63 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.46 542.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 376.61 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.55 542.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 413.82 542.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.21 521.10 Td (March ) Tj ET Q q 0 0 0 rg BT 88.19 521.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 112.57 521.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.89 521.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 169.64 521.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 205.40 521.10 Td (update ) Tj ET Q q 0 0 0 rg BT 233.93 521.10 Td (was ) Tj ET Q q 0 0 0 rg BT 251.36 521.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 278.24 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.12 521.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 327.54 521.10 Td (several ) Tj ET Q q 0 0 0 rg BT 357.74 521.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 388.50 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.71 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.80 521.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 458.55 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.09 521.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 521.17 521.10 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 91.70 509.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 139.49 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.07 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 188.43 509.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 215.40 509.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 260.97 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.33 509.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 318.24 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.38 509.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 386.64 509.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 445.27 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.63 509.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 520.31 509.10 Td (within ) Tj ET Q q 0 0 0 rg BT 549.79 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.61 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.23 497.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.29 497.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 148.14 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 165.98 497.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 202.15 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 211.11 497.10 Td (ef) Tj ET Q q 0 0 0 rg BT 218.70 497.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 248.19 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.14 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.65 497.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.83 497.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 360.12 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.19 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.69 497.10 Td (first ) Tj ET Q q 0 0 0 rg BT 403.09 497.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 433.70 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.32 497.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 468.27 497.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 493.06 497.10 Td (including ) Tj ET Q q 0 0 0 rg BT 533.13 497.10 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.87 485.10 Td (within ) Tj ET Q q 0 0 0 rg BT 109.86 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 127.29 485.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 151.38 485.10 Td (year) Tj ET Q q 0 0 0 rg BT 168.03 485.10 Td (. ) Tj ET Q q 0 0 0 rg BT 172.97 485.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 197.05 485.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 234.48 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 243.59 485.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 284.34 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.55 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 311.42 485.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 342.74 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.50 485.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 382.59 485.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 413.35 485.10 Td (however) Tj ET Q q 0 0 0 rg BT 447.38 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.31 485.10 Td (if ) Tj ET Q q 0 0 0 rg BT 460.85 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.50 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.82 485.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 542.02 485.10 Td (early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 90.01 473.10 Td (it ) Tj ET Q q 0 0 0 rg BT 98.09 473.10 Td (must ) Tj ET Q q 0 0 0 rg BT 120.05 473.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 144.79 473.10 Td (all ) Tj ET Q q 0 0 0 rg BT 157.30 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.14 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.88 473.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 235.94 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.23 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.97 473.10 Td (same ) Tj ET Q q 0 0 0 rg BT 284.03 473.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 314.41 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.48 473.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.88 473.10 Td (does ) Tj ET Q q 0 0 0 rg BT 394.73 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 410.02 473.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 438.63 473.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 476.15 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.44 473.10 Td (have ) Tj ET Q q 0 0 0 rg BT 507.84 473.10 Td (an ) Tj ET Q q 0 0 0 rg BT 519.79 473.10 Td (immediate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (material ) Tj ET Q q 0 0 0 rg BT 85.26 461.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 114.97 461.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.47 461.10 Td (its ) Tj ET Q q 0 0 0 rg BT 139.42 461.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 192.46 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.94 461.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 267.17 461.10 Td (results ) Tj ET Q q 0 0 0 rg BT 295.78 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.61 461.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.76 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.70 461.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 387.97 461.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.04 440.10 Td (June ) Tj ET Q q 0 0 0 rg BT 80.07 440.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 104.28 440.10 Td (an ) Tj ET Q q 0 0 0 rg BT 115.42 440.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 161.00 440.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 196.58 440.10 Td (update ) Tj ET Q q 0 0 0 rg BT 224.94 440.10 Td (was ) Tj ET Q q 0 0 0 rg BT 242.20 440.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 268.90 440.10 Td (that ) Tj ET Q q 0 0 0 rg BT 285.61 440.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 317.86 440.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 355.66 440.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.36 440.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 405.72 440.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 430.19 440.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 455.79 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 469.16 440.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 494.19 440.10 Td (held ) Tj ET Q q 0 0 0 rg BT 513.11 440.10 Td (at ) Tj ET Q q 0 0 0 rg BT 522.04 440.10 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.31 428.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 90.52 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.17 428.10 Td (available ) Tj ET Q q 0 0 0 rg BT 145.46 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.33 428.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 177.08 428.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 196.50 428.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 238.97 428.10 Td (For ) Tj ET Q q 0 0 0 rg BT 255.07 428.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.61 428.10 Td (held ) Tj ET Q q 0 0 0 rg BT 300.03 428.10 Td (at ) Tj ET Q q 0 0 0 rg BT 309.45 428.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 351.64 428.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 369.95 428.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 394.66 428.10 Td (which ) Tj ET Q q 0 0 0 rg BT 421.30 428.10 Td (include ) Tj ET Q q 0 0 0 rg BT 452.94 428.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 475.13 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.78 428.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.53 428.10 Td (receivables, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 72.74 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.82 416.10 Td (other ) Tj ET Q q 0 0 0 rg BT 111.00 416.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.61 416.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 198.41 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.26 416.10 Td (update ) Tj ET Q q 0 0 0 rg BT 240.55 416.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 283.29 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.14 416.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 333.76 416.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 358.72 416.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 405.90 416.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 444.75 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.17 416.10 Td (current ) Tj ET Q q 0 0 0 rg BT 484.12 416.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 510.97 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.61 416.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 531.18 416.10 Td (instead, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 85.15 404.10 Td (an ) Tj ET Q q 0 0 0 rg BT 97.53 404.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 123.25 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.97 404.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 162.45 404.10 Td (its ) Tj ET Q q 0 0 0 rg BT 174.84 404.10 Td (current ) Tj ET Q q 0 0 0 rg BT 206.10 404.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 242.36 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.63 404.10 Td (all ) Tj ET Q q 0 0 0 rg BT 266.57 404.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 305.05 404.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 330.75 404.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 360.09 404.10 Td (For ) Tj ET Q q 0 0 0 rg BT 376.92 404.10 Td (available ) Tj ET Q q 0 0 0 rg BT 415.96 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.56 404.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 449.05 404.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 469.21 404.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 512.42 404.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 538.13 404.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (should ) Tj ET Q q 0 0 0 rg BT 80.01 392.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.78 392.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 134.43 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.55 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.32 392.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 186.64 392.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 217.75 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.87 392.10 Td (current ) Tj ET Q q 0 0 0 rg BT 260.52 392.10 Td (GAAP; ) Tj ET Q q 0 0 0 rg BT 293.86 392.10 Td (however) Tj ET Q q 0 0 0 rg BT 327.89 392.10 Td (, ) Tj ET Q q 0 0 0 rg BT 333.73 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.28 392.10 Td (update ) Tj ET Q q 0 0 0 rg BT 379.27 392.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 414.82 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.15 392.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 459.25 392.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 486.48 392.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.25 392.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 540.90 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 552.57 392.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 93.38 380.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 119.55 380.10 Td (than ) Tj ET Q q 0 0 0 rg BT 139.62 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.80 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.09 380.10 Td (write-down. ) Tj ET Q q 0 0 0 rg BT 209.33 380.10 Td (This ) Tj ET Q q 0 0 0 rg BT 229.96 380.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 266.69 380.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.21 380.10 Td (ef) Tj ET Q q 0 0 0 rg BT 283.79 380.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 313.85 380.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.36 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.42 380.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.16 380.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 428.01 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.64 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.70 380.10 Td (first ) Tj ET Q q 0 0 0 rg BT 472.66 380.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 503.83 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.01 380.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.52 380.10 Td (2021, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.28 368.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 121.67 368.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 153.61 368.10 Td (within ) Tj ET Q q 0 0 0 rg BT 181.68 368.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.18 368.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 223.34 368.10 Td (year) Tj ET Q q 0 0 0 rg BT 239.99 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.82 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 262.87 368.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 299.26 368.10 Td (will ) Tj ET Q q 0 0 0 rg BT 317.32 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 329.26 368.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 361.20 368.10 Td (using ) Tj ET Q q 0 0 0 rg BT 385.38 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.32 368.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 430.93 368.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 485.08 368.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 525.36 368.10 Td (approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.22 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.77 356.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 145.12 356.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 162.21 356.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 208.21 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.10 356.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 252.41 356.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 288.40 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.84 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.28 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.61 356.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 365.72 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.16 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.49 356.10 Td (first ) Tj ET Q q 0 0 0 rg BT 408.71 356.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 447.48 356.10 Td (period ) Tj ET Q q 0 0 0 rg BT 475.14 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.03 356.10 Td (which ) Tj ET Q q 0 0 0 rg BT 511.58 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.91 356.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 60.02 344.10 Td (ef) Tj ET Q q 0 0 0 rg BT 67.61 344.10 Td (fective. ) Tj ET Q q 0 0 0 rg BT 100.42 344.10 Td (The ) Tj ET Q q 0 0 0 rg BT 119.32 344.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.56 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.58 344.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 216.58 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.15 344.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 262.71 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.39 344.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 312.74 344.10 Td (this ) Tj ET Q q 0 0 0 rg BT 330.54 344.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 367.76 344.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.11 344.10 Td (its ) Tj ET Q q 0 0 0 rg BT 393.91 344.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 447.81 344.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.14 344.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 524.22 344.10 Td (results ) Tj ET Q q 0 0 0 rg BT 553.68 344.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.09 332.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.36 332.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 51.53 311.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.05 311.10 Td (August ) Tj ET Q q 0 0 0 rg BT 91.47 311.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 115.50 311.10 Td (an ) Tj ET Q q 0 0 0 rg BT 126.46 311.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 171.86 311.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 207.27 311.10 Td (update ) Tj ET Q q 0 0 0 rg BT 235.45 311.10 Td (was ) Tj ET Q q 0 0 0 rg BT 252.53 311.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 279.06 311.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.59 311.10 Td (addresses ) Tj ET Q q 0 0 0 rg BT 335.43 311.10 Td (how ) Tj ET Q q 0 0 0 rg BT 354.18 311.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.91 311.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.21 311.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 434.83 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.80 311.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 470.10 311.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 509.95 311.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.69 311.10 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 299.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.77 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.83 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.33 299.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 171.93 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.54 299.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.60 299.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 229.10 299.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 261.38 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.88 299.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 295.93 299.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 316.54 299.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 348.26 299.10 Td (addressed ) Tj ET Q q 0 0 0 rg BT 389.97 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.03 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.53 299.10 Td (update ) Tj ET Q q 0 0 0 rg BT 443.47 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.96 299.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 498.57 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.51 299.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 534.79 299.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.24 287.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 77.92 287.10 Td (prepayments ) Tj ET Q q 0 0 0 rg BT 130.48 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.28 287.10 Td (extinguishments, ) Tj ET Q q 0 0 0 rg BT 209.79 287.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 249.58 287.10 Td (related ) Tj ET Q q 0 0 0 rg BT 278.25 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.50 287.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 330.06 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.85 287.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 368.52 287.10 Td (types ) Tj ET Q q 0 0 0 rg BT 391.09 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.89 287.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 419.57 287.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 470.20 287.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 509.99 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.79 287.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 106.77 275.10 Td (made ) Tj ET Q q 0 0 0 rg BT 131.32 275.10 Td (after ) Tj ET Q q 0 0 0 rg BT 152.53 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.86 275.10 Td (business ) Tj ET Q q 0 0 0 rg BT 196.65 275.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 252.03 275.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 290.46 275.10 Td (from ) Tj ET Q q 0 0 0 rg BT 312.79 275.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 354.00 275.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 383.00 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.34 275.10 Td (corporate-owned ) Tj ET Q q 0 0 0 rg BT 470.97 275.10 Td (life ) Tj ET Q q 0 0 0 rg BT 487.19 275.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 528.40 275.10 Td (policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.07 263.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 119.71 263.10 Td (received ) Tj ET Q q 0 0 0 rg BT 156.20 263.10 Td (from ) Tj ET Q q 0 0 0 rg BT 178.27 263.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 205.89 263.10 Td (method ) Tj ET Q q 0 0 0 rg BT 238.52 263.10 Td (investees, ) Tj ET Q q 0 0 0 rg BT 280.31 263.10 Td (among ) Tj ET Q q 0 0 0 rg BT 310.15 263.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 339.53 263.10 Td (The ) Tj ET Q q 0 0 0 rg BT 357.71 263.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 394.22 263.10 Td (is ) Tj ET Q q 0 0 0 rg BT 403.52 263.10 Td (ef) Tj ET Q q 0 0 0 rg BT 411.11 263.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 440.94 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.23 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.08 263.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.60 263.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 554.22 263.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.91 251.10 Td (first ) Tj ET Q q 0 0 0 rg BT 83.72 251.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 114.73 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.75 251.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 150.10 251.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 175.30 251.10 Td (including ) Tj ET Q q 0 0 0 rg BT 215.77 251.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 247.34 251.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 279.48 251.10 Td (within ) Tj ET Q q 0 0 0 rg BT 307.73 251.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.42 251.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 349.77 251.10 Td (year) Tj ET Q q 0 0 0 rg BT 366.43 251.10 Td (. ) Tj ET Q q 0 0 0 rg BT 371.62 251.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 395.97 251.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 433.66 251.10 Td (is ) Tj ET Q q 0 0 0 rg BT 443.03 251.10 Td (permitted, ) Tj ET Q q 0 0 0 rg BT 486.54 251.10 Td (including ) Tj ET Q q 0 0 0 rg BT 527.01 251.10 Td (adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.22 239.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.11 239.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 103.44 239.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 133.93 239.10 Td (If ) Tj ET Q q 0 0 0 rg BT 143.04 239.10 Td (an ) Tj ET Q q 0 0 0 rg BT 154.92 239.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 180.14 239.10 Td (early ) Tj ET Q q 0 0 0 rg BT 202.57 239.10 Td (adopts ) Tj ET Q q 0 0 0 rg BT 231.13 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.79 239.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 298.78 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.00 239.10 Td (an ) Tj ET Q q 0 0 0 rg BT 320.89 239.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 352.22 239.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 382.71 239.10 Td (any ) Tj ET Q q 0 0 0 rg BT 399.59 239.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 449.81 239.10 Td (should ) Tj ET Q q 0 0 0 rg BT 478.93 239.10 Td (be ) Tj ET Q q 0 0 0 rg BT 490.82 239.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 528.23 239.10 Td (as ) Tj ET Q q 0 0 0 rg BT 539.01 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 239.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.99 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.32 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.54 227.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 144.20 227.10 Td (year ) Tj ET Q q 0 0 0 rg BT 164.40 227.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.40 227.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 218.72 227.10 Td (that ) Tj ET Q q 0 0 0 rg BT 236.72 227.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 268.60 227.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 299.64 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.08 227.10 Td (all ) Tj ET Q q 0 0 0 rg BT 330.08 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.41 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.62 227.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 410.16 227.10 Td (must ) Tj ET Q q 0 0 0 rg BT 432.61 227.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.05 227.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 479.70 227.10 Td (together ) Tj ET Q q 0 0 0 rg BT 515.47 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.25 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 227.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 80.73 215.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.17 215.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 152.60 215.10 Td (will ) Tj ET Q q 0 0 0 rg BT 171.05 215.10 Td (be ) Tj ET Q q 0 0 0 rg BT 183.38 215.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 215.71 215.10 Td (using ) Tj ET Q q 0 0 0 rg BT 240.27 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.60 215.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 302.13 215.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 342.80 215.10 Td (method ) Tj ET Q q 0 0 0 rg BT 375.69 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.36 215.10 Td (each ) Tj ET Q q 0 0 0 rg BT 407.56 215.10 Td (period ) Tj ET Q q 0 0 0 rg BT 436.00 215.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 479.71 215.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 507.60 215.10 Td (impracticable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.32 203.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 98.07 203.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.50 203.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 139.49 203.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 174.09 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.53 203.10 Td (which ) Tj ET Q q 0 0 0 rg BT 211.62 203.10 Td (case ) Tj ET Q q 0 0 0 rg BT 231.49 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.37 203.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 299.57 203.10 Td (would ) Tj ET Q q 0 0 0 rg BT 327.23 203.10 Td (be ) Tj ET Q q 0 0 0 rg BT 339.33 203.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 371.42 203.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 427.96 203.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.95 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.94 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.81 203.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 496.34 203.10 Td (date ) Tj ET Q q 0 0 0 rg BT 515.66 203.10 Td (practicable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 191.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 191.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.60 191.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 162.75 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.47 191.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 207.18 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.01 191.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 255.51 191.10 Td (this ) Tj ET Q q 0 0 0 rg BT 272.46 191.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 308.83 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 321.33 191.10 Td (its ) Tj ET Q q 0 0 0 rg BT 333.28 191.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 386.32 191.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 427.14 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.97 191.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 458.24 191.10 Td (flows.) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (70) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Note 4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 731.25 Td ( Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 710.25 Td (Inventories consisted of the following as of ) Tj ET Q q 0 0 0 rg BT 225.24 710.25 Td (August31 \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 685.75 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 685.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 685.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 655.75 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 655.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 655.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.75 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 625.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 625.75 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 418.5 685.75 m 488.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 685.75 m 562.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 685.75 m 488.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 685.75 m 562.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 625.75 m 488.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 625.75 m 562.5 625.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 610.75 m 488.5 610.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 610.75 m 562.5 610.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 690.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 690.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 676.32 Td (Processed and unprocessed scrap metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 675.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 675.42 Td (49,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 675.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 675.42 Td (56,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 661.32 Td (Semi-finished goods \(billets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 660.42 Td (8,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 660.42 Td (10,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 646.32 Td (Finished goods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 645.42 Td (40,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 645.42 Td (50,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 631.32 Td (Supplies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 630.42 Td (34,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 630.42 Td (38,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 616.32 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 615.42 Td (132,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 615.42 Td (156,532) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 584.25 Td (Note 5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 584.25 Td ( Pr) Tj ET Q q 0 0 0 rg BT 97.86 584.25 Td (operty) Tj ET Q q 0 0 0 rg BT 125.07 584.25 Td (, Plant and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (Property) Tj ET Q q 0 0 0 rg BT 83.79 563.25 Td (, plant and equipment, net consisted of the following as of ) Tj ET Q q 0 0 0 rg BT 317.91 563.25 Td (August31 \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 539.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 539.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 539.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 511.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 511.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 511.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 483.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 483.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 483.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 455.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 455.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 455.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 427.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 427.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 427.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 539.75 m 488.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 539.75 m 562.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 539.75 m 488.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 455.75 m 488.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 455.75 m 562.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 427.75 m 488.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 427.75 m 562.5 427.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 413.75 m 488.5 413.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 413.75 m 562.5 413.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 543.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 543.48 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.32 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 530.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 530.32 Td (659,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 530.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 530.32 Td (662,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.32 Td (Land and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 516.32 Td (245,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 516.32 Td (250,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.32 Td (Buildings and leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 502.32 Td (104,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 502.32 Td (106,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.32 Td (Office equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 488.32 Td (49,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 488.32 Td (50,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.32 Td (ERP systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 474.32 Td (17,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 474.32 Td (17,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 460.32 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 460.32 Td (31,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 460.32 Td (19,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.32 Td (Property, plant and equipment, gross) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 446.32 Td (1,107,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 446.32 Td (1,106,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.32 Td (Less: accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 432.37 Td (\(714,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 432.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 432.37 Td (\(679,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 432.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.32 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 418.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 418.32 Td (392,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 418.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 418.32 Td (427,554) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 103.81 390.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 138.20 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 152.03 390.25 Td (property) Tj ET Q q 0 0 0 rg BT 185.26 390.25 Td (, ) Tj ET Q q 0 0 0 rg BT 189.93 390.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 212.10 390.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.71 390.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 275.60 390.25 Td (which ) Tj ET Q q 0 0 0 rg BT 302.21 390.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 337.71 390.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 390.42 390.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 424.81 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 438.64 390.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 464.15 390.25 Td (under ) Tj ET Q q 0 0 0 rg BT 489.09 390.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 517.91 390.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 546.46 390.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td ($53 ) Tj ET Q q 0 0 0 rg BT 68.05 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.94 378.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.48 378.25 Td ($66 ) Tj ET Q q 0 0 0 rg BT 120.53 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.42 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.47 378.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.95 378.25 Td ($75 ) Tj ET Q q 0 0 0 rg BT 188.00 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.89 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.93 378.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.64 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.90 378.25 Td (years ) Tj ET Q q 0 0 0 rg BT 274.05 378.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.30 378.25 Td (August ) Tj ET Q q 0 0 0 rg BT 332.24 378.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 347.78 378.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 373.33 378.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 396.37 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.86 378.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.86 378.25 Td (, ) Tj ET Q q 0 0 0 rg BT 439.40 378.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 487.06 378.25 Td (. ) Tj ET Q q 0 0 0 rg BT 492.61 378.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 530.64 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.47 378.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.49 366.25 Td (is ) Tj ET Q q 0 0 0 rg BT 95.76 366.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 147.79 366.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 182.60 366.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.53 366.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 206.14 366.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.03 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.63 366.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 273.55 366.25 Td (within ) Tj ET Q q 0 0 0 rg BT 301.71 366.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 355.42 366.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 399.68 366.25 Td (for ) Tj ET Q q 0 0 0 rg BT 413.94 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.76 366.25 Td (years ) Tj ET Q q 0 0 0 rg BT 452.47 366.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 478.37 366.25 Td (August ) Tj ET Q q 0 0 0 rg BT 509.87 366.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.97 366.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 547.58 366.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 75.00 354.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.66 354.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.66 354.25 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.88 354.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.38 354.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 194.30 354.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 229.01 354.25 Td (was ) Tj ET Q q 0 0 0 rg BT 247.06 354.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 282.88 354.25 Td (within ) Tj ET Q q 0 0 0 rg BT 310.93 354.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 364.54 354.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 408.69 354.25 Td (for ) Tj ET Q q 0 0 0 rg BT 422.85 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.57 354.25 Td (year ) Tj ET Q q 0 0 0 rg BT 457.28 354.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 483.10 354.25 Td (August ) Tj ET Q q 0 0 0 rg BT 514.49 354.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 529.49 354.25 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 330.25 Td (Note 6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 330.25 Td ( Goodwill and Other) Tj ET Q q 0 0 0 rg BT 172.38 330.25 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 220.73 330.25 Td (Assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.86 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.11 309.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 100.59 309.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 130.94 309.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.30 309.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 164.99 309.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 189.52 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.77 309.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 244.69 309.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 288.37 309.25 Td (its ) Tj ET Q q 0 0 0 rg BT 299.85 309.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 328.54 309.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 366.13 309.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 414.27 309.25 Td (test ) Tj ET Q q 0 0 0 rg BT 430.19 309.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.66 309.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 493.67 309.25 Td (that ) Tj ET Q q 0 0 0 rg BT 510.70 309.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.95 309.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 309.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 297.25 Td (each ) Tj ET Q q 0 0 0 rg BT 80.85 297.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 119.86 297.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 137.77 297.25 Td (for ) Tj ET Q q 0 0 0 rg BT 151.79 297.25 Td (which ) Tj ET Q q 0 0 0 rg BT 178.58 297.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 216.49 297.25 Td (was ) Tj ET Q q 0 0 0 rg BT 234.39 297.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 272.83 297.25 Td (was ) Tj ET Q q 0 0 0 rg BT 290.74 297.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.87 297.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 329.32 297.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.01 297.25 Td (its ) Tj ET Q q 0 0 0 rg BT 351.81 297.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 394.70 297.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 430.36 297.25 Td (value ) Tj ET Q q 0 0 0 rg BT 454.37 297.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 473.67 297.25 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.60 297.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.60 297.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.96 297.25 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.42 285.25 Td (was ) Tj ET Q q 0 0 0 rg BT 116.80 285.25 Td (identified. ) Tj ET Q q 0 0 0 rg BT 160.44 285.25 Td (For ) Tj ET Q q 0 0 0 rg BT 177.16 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.20 285.25 Td (former ) Tj ET Q q 0 0 0 rg BT 222.23 285.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 247.28 285.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 286.76 285.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 305.14 285.25 Td (with ) Tj ET Q q 0 0 0 rg BT 325.75 285.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 364.13 285.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.28 285.25 Td ($147 ) Tj ET Q q 0 0 0 rg BT 398.10 285.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.99 285.25 Td ( ) Tj ET Q q 0 0 0 rg BT 429.82 285.25 Td (as ) Tj ET Q q 0 0 0 rg BT 440.97 285.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.13 285.25 Td (July1, ) Tj ET Q q 0 0 0 rg BT 481.62 285.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 506.94 285.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.98 285.25 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.17 273.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.62 273.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 130.61 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.62 273.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 181.73 273.25 Td (value ) Tj ET Q q 0 0 0 rg BT 206.18 273.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.97 273.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.53 273.25 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.86 273.25 Td (. ) Tj ET Q q 0 0 0 rg BT 302.95 273.25 Td (The ) Tj ET Q q 0 0 0 rg BT 321.29 273.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 368.52 273.25 Td (used ) Tj ET Q q 0 0 0 rg BT 389.64 273.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.22 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.23 273.25 Td (income ) Tj ET Q q 0 0 0 rg BT 447.45 273.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 486.89 273.25 Td (for ) Tj ET Q q 0 0 0 rg BT 501.35 273.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 526.38 273.25 Td (took ) Tj ET Q q 0 0 0 rg BT 546.95 273.25 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 106.23 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.31 261.25 Td (challenging ) Tj ET Q q 0 0 0 rg BT 170.82 261.25 Td (market ) Tj ET Q q 0 0 0 rg BT 201.44 261.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 245.96 261.25 Td (for ) Tj ET Q q 0 0 0 rg BT 260.48 261.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 297.20 261.25 Td (metals, ) Tj ET Q q 0 0 0 rg BT 328.67 261.25 Td (including ) Tj ET Q q 0 0 0 rg BT 369.30 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.37 261.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 426.67 261.25 Td (constrained ) Tj ET Q q 0 0 0 rg BT 475.62 261.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 505.15 261.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.34 261.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 540.29 261.25 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.17 249.25 Td (level ) Tj ET Q q 0 0 0 rg BT 89.84 249.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.40 249.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 152.41 249.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.42 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.87 249.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 226.68 249.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 266.02 249.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 303.41 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.86 249.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 359.30 249.25 Td (weak ) Tj ET Q q 0 0 0 rg BT 383.63 249.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 450.72 249.25 Td (indicators ) Tj ET Q q 0 0 0 rg BT 493.39 249.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.40 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.85 249.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 554.74 249.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.25 Td (which ) Tj ET Q q 0 0 0 rg BT 75.84 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.95 237.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 136.43 237.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 178.87 237.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.97 237.25 Td (based, ) Tj ET Q q 0 0 0 rg BT 220.14 237.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.48 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.59 237.25 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 283.57 237.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 310.46 237.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.68 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.80 237.25 Td (industry) Tj ET Q q 0 0 0 rg BT 366.93 237.25 Td (. ) Tj ET Q q 0 0 0 rg BT 371.19 237.25 Td (The ) Tj ET Q q 0 0 0 rg BT 388.63 237.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 434.96 237.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 471.30 237.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.63 237.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 514.50 237.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.73 237.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.25 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 225.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 83.69 225.25 Td (over ) Tj ET Q q 0 0 0 rg BT 103.62 225.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.21 225.25 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 154.02 225.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 184.23 225.25 Td (eventually ) Tj ET Q q 0 0 0 rg BT 228.03 225.25 Td (returning ) Tj ET Q q 0 0 0 rg BT 266.85 225.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.78 225.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 302.26 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.75 225.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 362.68 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.61 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.99 225.25 Td (range ) Tj ET Q q 0 0 0 rg BT 411.35 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.84 225.25 Td (average ) Tj ET Q q 0 0 0 rg BT 455.08 225.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 494.45 225.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 521.96 225.25 Td (Assuming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.63 213.25 Td (other ) Tj ET Q q 0 0 0 rg BT 86.31 213.25 Td (components ) Tj ET Q q 0 0 0 rg BT 137.77 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.23 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.58 213.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 181.59 213.25 Td (value ) Tj ET Q q 0 0 0 rg BT 206.38 213.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 242.84 213.25 Td (were ) Tj ET Q q 0 0 0 rg BT 265.40 213.25 Td (held ) Tj ET Q q 0 0 0 rg BT 285.75 213.25 Td (constant, ) Tj ET Q q 0 0 0 rg BT 324.71 213.25 Td (an ) Tj ET Q q 0 0 0 rg BT 337.28 213.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 373.17 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.08 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.21 213.25 Td (W) Tj ET Q q 0 0 0 rg BT 407.54 213.25 Td (ACC ) Tj ET Q q 0 0 0 rg BT 431.23 213.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.14 213.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 471.38 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.84 213.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 500.97 213.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 524.11 213.25 Td (points, ) Tj ET Q q 0 0 0 rg BT 554.19 213.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.25 Td (weaker) Tj ET Q q 0 0 0 rg BT 78.17 201.25 Td (-than-anticipated ) Tj ET Q q 0 0 0 rg BT 148.98 201.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 209.26 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.11 201.25 Td (either ) Tj ET Q q 0 0 0 rg BT 245.94 201.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.77 201.25 Td (mar) Tj ET Q q 0 0 0 rg BT 302.14 201.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 321.88 201.25 Td (or ) Tj ET Q q 0 0 0 rg BT 333.28 201.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 372.73 201.25 Td (could ) Tj ET Q q 0 0 0 rg BT 398.02 201.25 Td (have ) Tj ET Q q 0 0 0 rg BT 419.96 201.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 454.69 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.54 201.25 Td (a ) Tj ET Q q 0 0 0 rg BT 473.04 201.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 502.21 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.60 201.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.89 201.25 Td (step ) Tj ET Q q 0 0 0 rg BT 548.07 201.25 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 99.21 189.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 147.81 189.25 Td (test ) Tj ET Q q 0 0 0 rg BT 164.19 189.25 Td (for ) Tj ET Q q 0 0 0 rg BT 178.35 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.07 189.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 217.80 189.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 256.96 189.25 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.33 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.05 168.25 Td (second ) Tj ET Q q 0 0 0 rg BT 102.33 168.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.15 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.98 168.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 165.14 168.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 189.14 168.25 Td (management ) Tj ET Q q 0 0 0 rg BT 241.74 168.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 281.56 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.28 168.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 346.78 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.61 168.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.55 168.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 406.27 168.25 Td (further ) Tj ET Q q 0 0 0 rg BT 434.98 168.25 Td (weakening ) Tj ET Q q 0 0 0 rg BT 479.80 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.08 168.25 Td (market ) Tj ET Q q 0 0 0 rg BT 518.35 168.25 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 90.71 156.25 Td (constrained ) Tj ET Q q 0 0 0 rg BT 138.57 156.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 167.01 156.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.11 156.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 193.88 156.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 232.30 156.25 Td (due ) Tj ET Q q 0 0 0 rg BT 248.51 156.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.06 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.04 156.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 296.58 156.25 Td (price ) Tj ET Q q 0 0 0 rg BT 318.34 156.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 370.66 156.25 Td (which ) Tj ET Q q 0 0 0 rg BT 396.87 156.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 440.29 156.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 478.71 156.25 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 516.87 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.86 156.25 Td (planned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.25 Td (idling ) Tj ET Q q 0 0 0 rg BT 75.09 144.25 Td (or ) Tj ET Q q 0 0 0 rg BT 85.68 144.25 Td (closure ) Tj ET Q q 0 0 0 rg BT 116.82 144.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.41 144.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 156.87 144.25 Td (production ) Tj ET Q q 0 0 0 rg BT 202.46 144.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 239.15 144.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.84 144.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 278.65 144.25 Td (stores, ) Tj ET Q q 0 0 0 rg BT 306.74 144.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.21 144.25 Td (Company) Tj ET Q q 0 0 0 rg BT 362.88 144.25 Td (s ) Tj ET Q q 0 0 0 rg BT 369.03 144.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 395.71 144.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.95 144.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 485.74 144.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.43 144.25 Td (a ) Tj ET Q q 0 0 0 rg BT 509.13 144.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 540.26 144.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 144.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 132.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.62 132.25 Td (market ) Tj ET Q q 0 0 0 rg BT 127.95 132.25 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 184.37 132.25 Td (during ) Tj ET Q q 0 0 0 rg BT 213.04 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.83 132.25 Td (first ) Tj ET Q q 0 0 0 rg BT 246.50 132.25 Td (half ) Tj ET Q q 0 0 0 rg BT 264.61 132.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.50 132.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 299.72 132.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 322.28 132.25 Td (as ) Tj ET Q q 0 0 0 rg BT 333.18 132.25 Td (a ) Tj ET Q q 0 0 0 rg BT 340.18 132.25 Td (triggering ) Tj ET Q q 0 0 0 rg BT 382.18 132.25 Td (event ) Tj ET Q q 0 0 0 rg BT 406.39 132.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 445.61 132.25 Td (an ) Tj ET Q q 0 0 0 rg BT 457.62 132.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 489.06 132.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 537.72 132.25 Td (test ) Tj ET Q q 0 0 0 rg BT 554.17 132.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.52 120.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 126.07 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.31 120.25 Td (its ) Tj ET Q q 0 0 0 rg BT 148.22 120.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 187.33 120.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 211.74 120.25 Td (In ) Tj ET Q q 0 0 0 rg BT 222.53 120.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 268.87 120.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.10 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.78 120.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 335.13 120.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 383.68 120.25 Td (test ) Tj ET Q q 0 0 0 rg BT 400.03 120.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 444.14 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.38 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.06 120.25 Td (second ) Tj ET Q q 0 0 0 rg BT 499.29 120.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 530.06 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.85 120.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.50 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.22 108.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.60 108.25 Td (used ) Tj ET Q q 0 0 0 rg BT 151.43 108.25 Td (a ) Tj ET Q q 0 0 0 rg BT 158.37 108.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 214.18 108.25 Td (date ) Tj ET Q q 0 0 0 rg BT 233.34 108.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.17 108.25 Td (February1, ) Tj ET Q q 0 0 0 rg BT 292.77 108.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.77 108.25 Td (.) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (71) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.46 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.75 731.10 Td (former ) Tj ET Q q 0 0 0 rg BT 112.03 731.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 137.33 731.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 177.05 731.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 195.68 731.10 Td (with ) Tj ET Q q 0 0 0 rg BT 216.53 731.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 255.16 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.56 731.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 289.63 731.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.52 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.59 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.99 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.39 731.10 Td (February1, ) Tj ET Q q 0 0 0 rg BT 393.56 731.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 419.13 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.42 731.10 Td (first ) Tj ET Q q 0 0 0 rg BT 453.59 731.10 Td (step ) Tj ET Q q 0 0 0 rg BT 472.77 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.17 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.46 731.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 548.63 731.10 Td (test ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (showed ) Tj ET Q q 0 0 0 rg BT 82.51 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.97 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.65 719.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 130.99 719.10 Td (value ) Tj ET Q q 0 0 0 rg BT 155.11 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.90 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.58 719.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 205.27 719.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 244.39 719.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 262.41 719.10 Td (was ) Tj ET Q q 0 0 0 rg BT 280.42 719.10 Td (less ) Tj ET Q q 0 0 0 rg BT 297.89 719.10 Td (than ) Tj ET Q q 0 0 0 rg BT 317.57 719.10 Td (its ) Tj ET Q q 0 0 0 rg BT 329.48 719.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 365.25 719.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 400.21 719.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 442.66 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.57 719.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 487.02 719.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 538.08 719.10 Td (Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.04 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.80 707.10 Td (second ) Tj ET Q q 0 0 0 rg BT 107.11 707.10 Td (step ) Tj ET Q q 0 0 0 rg BT 125.77 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.64 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.40 707.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 200.04 707.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 218.97 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.73 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.16 707.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 318.80 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.33 707.10 Td (no ) Tj ET Q q 0 0 0 rg BT 348.88 707.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 381.97 707.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.39 707.10 Td (value ) Tj ET Q q 0 0 0 rg BT 422.59 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.46 707.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 471.56 707.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 511.31 707.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.51 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.27 707.10 Td (MRB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.22 695.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 108.34 695.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 145.40 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.24 695.10 Td (an ) Tj ET Q q 0 0 0 rg BT 166.74 695.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 214.90 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.29 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.57 695.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 264.40 695.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 299.78 695.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 331.84 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.23 695.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 367.24 695.10 Td (s ) Tj ET Q q 0 0 0 rg BT 373.19 695.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 410.81 695.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.43 695.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 465.49 695.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.38 695.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.80 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.41 695.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 683.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 78.46 683.10 Td (is ) Tj ET Q q 0 0 0 rg BT 87.63 683.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 123.45 683.10 Td (within ) Tj ET Q q 0 0 0 rg BT 151.51 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.22 683.10 Td (results ) Tj ET Q q 0 0 0 rg BT 194.83 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.11 683.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 230.39 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.67 683.10 Td (this ) Tj ET Q q 0 0 0 rg BT 257.62 683.10 Td (report. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.75 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.32 662.10 Td (former ) Tj ET Q q 0 0 0 rg BT 109.36 662.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 131.17 662.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 170.18 662.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 188.09 662.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.22 662.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 246.14 662.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.82 662.10 Td ($176 ) Tj ET Q q 0 0 0 rg BT 279.18 662.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.07 662.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.42 662.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.11 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.79 662.10 Td (February1, ) Tj ET Q q 0 0 0 rg BT 380.25 662.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 405.10 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.67 662.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 460.35 662.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 476.58 662.10 Td (value ) Tj ET Q q 0 0 0 rg BT 500.59 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.27 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.85 662.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 66.37 650.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 104.87 650.10 Td (its ) Tj ET Q q 0 0 0 rg BT 115.63 650.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 150.26 650.10 Td (value ) Tj ET Q q 0 0 0 rg BT 173.23 650.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.54 650.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.61 650.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.94 650.10 Td (. ) Tj ET Q q 0 0 0 rg BT 265.66 650.10 Td (The ) Tj ET Q q 0 0 0 rg BT 282.52 650.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 328.27 650.10 Td (used ) Tj ET Q q 0 0 0 rg BT 347.91 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.00 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.53 650.10 Td (income ) Tj ET Q q 0 0 0 rg BT 401.28 650.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 439.23 650.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.92 650.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 472.68 650.10 Td (took ) Tj ET Q q 0 0 0 rg BT 491.77 650.10 Td (into ) Tj ET Q q 0 0 0 rg BT 508.64 650.10 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 638.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 94.31 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 638.10 Td (current ) Tj ET Q q 0 0 0 rg BT 136.34 638.10 Td (market ) Tj ET Q q 0 0 0 rg BT 166.79 638.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 211.15 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.50 638.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 256.51 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.64 638.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 319.65 638.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 376.50 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.40 638.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 410.20 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.22 638.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 461.69 638.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 499.91 638.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 529.27 638.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 554.18 638.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 95.46 626.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 131.42 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.06 626.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 176.69 626.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 204.33 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.86 626.10 Td (self-serve ) Tj ET Q q 0 0 0 rg BT 257.93 626.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 280.57 626.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 305.48 626.10 Td (The ) Tj ET Q q 0 0 0 rg BT 324.23 626.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 371.87 626.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 409.51 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.15 626.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 455.32 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.86 626.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 507.82 626.10 Td (mar) Tj ET Q q 0 0 0 rg BT 523.19 626.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 543.06 626.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.71 614.10 Td (depressed ) Tj ET Q q 0 0 0 rg BT 123.04 614.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 149.26 614.10 Td (over ) Tj ET Q q 0 0 0 rg BT 169.93 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.26 614.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 221.81 614.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 252.75 614.10 Td (including ) Tj ET Q q 0 0 0 rg BT 293.42 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.54 614.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 343.09 614.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.42 614.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 400.52 614.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 436.19 614.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 487.97 614.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 548.08 614.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (cost-saving ) Tj ET Q q 0 0 0 rg BT 97.10 602.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 138.85 602.10 Td (but ) Tj ET Q q 0 0 0 rg BT 153.68 602.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 196.27 602.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 248.31 602.10 Td (below ) Tj ET Q q 0 0 0 rg BT 274.79 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.06 602.10 Td (level ) Tj ET Q q 0 0 0 rg BT 310.54 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.92 602.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 360.73 602.10 Td (mar) Tj ET Q q 0 0 0 rg BT 376.10 602.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 394.81 602.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 445.16 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.99 602.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 478.69 602.10 Td (years ) Tj ET Q q 0 0 0 rg BT 501.84 602.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 523.89 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.38 602.10 Td (201) Tj ET Q q 0 0 0 rg BT 555.01 602.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.02 590.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 122.71 590.10 Td (W) Tj ET Q q 0 0 0 rg BT 131.04 590.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 153.57 590.10 Td (used ) Tj ET Q q 0 0 0 rg BT 173.88 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.63 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.81 590.10 Td (income ) Tj ET Q q 0 0 0 rg BT 229.22 590.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 267.84 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.03 590.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 302.46 590.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.98 590.10 Td (10.37%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.81 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 355.14 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.66 590.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 407.95 590.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 438.25 590.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 455.21 590.10 Td (used ) Tj ET Q q 0 0 0 rg BT 475.51 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.26 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.45 590.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 544.75 590.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 70.61 578.10 Td (model ) Tj ET Q q 0 0 0 rg BT 98.39 578.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.72 578.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.05 578.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.72 578.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 178.06 578.10 Td (all ) Tj ET Q q 0 0 0 rg BT 190.83 578.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.16 578.10 Td (components ) Tj ET Q q 0 0 0 rg BT 265.27 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.38 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.38 578.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 308.03 578.10 Td (value ) Tj ET Q q 0 0 0 rg BT 332.47 578.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 368.57 578.10 Td (were ) Tj ET Q q 0 0 0 rg BT 390.78 578.10 Td (held ) Tj ET Q q 0 0 0 rg BT 410.78 578.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 449.38 578.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.60 578.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 497.14 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.70 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.49 578.10 Td (W) Tj ET Q q 0 0 0 rg BT 530.82 578.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 554.17 578.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (150 ) Tj ET Q q 0 0 0 rg BT 67.48 566.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 90.45 566.10 Td (points ) Tj ET Q q 0 0 0 rg BT 117.87 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.18 566.10 Td (more ) Tj ET Q q 0 0 0 rg BT 152.70 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.01 566.10 Td (weaker) Tj ET Q q 0 0 0 rg BT 192.67 566.10 Td (-than-anticipated ) Tj ET Q q 0 0 0 rg BT 263.39 566.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 323.58 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.33 566.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 375.07 566.10 Td (mar) Tj ET Q q 0 0 0 rg BT 390.44 566.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 410.08 566.10 Td (could ) Tj ET Q q 0 0 0 rg BT 435.27 566.10 Td (have ) Tj ET Q q 0 0 0 rg BT 457.13 566.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 491.76 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.51 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.92 566.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 538.99 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 566.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (step ) Tj ET Q q 0 0 0 rg BT 68.11 554.10 Td (one ) Tj ET Q q 0 0 0 rg BT 85.05 554.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 134.75 554.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 183.35 554.10 Td (test ) Tj ET Q q 0 0 0 rg BT 199.74 554.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.90 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.06 554.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 250.02 554.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 289.17 554.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.36 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.11 533.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.08 533.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.92 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.78 533.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 167.97 533.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 193.00 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.75 533.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.17 533.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 285.01 533.10 Td (its ) Tj ET Q q 0 0 0 rg BT 296.99 533.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 330.06 533.10 Td (or) Tj ET Q q 0 0 0 rg BT 338.21 533.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 389.61 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.58 533.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 445.77 533.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 483.28 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.59 533.10 Td (combine ) Tj ET Q q 0 0 0 rg BT 530.56 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.30 533.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.32 521.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 94.80 521.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 134.39 521.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 181.49 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 208.31 521.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 242.34 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.50 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.10 521.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 308.91 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.62 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.44 521.10 Td (new ) Tj ET Q q 0 0 0 rg BT 345.48 521.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 385.63 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.44 521.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 445.36 521.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 483.04 521.10 Td (AMR, ) Tj ET Q q 0 0 0 rg BT 510.70 521.10 Td (replacing ) Tj ET Q q 0 0 0 rg BT 550.28 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (former ) Tj ET Q q 0 0 0 rg BT 80.74 509.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 107.01 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.60 509.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 148.09 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 189.89 509.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 233.35 509.10 Td (This ) Tj ET Q q 0 0 0 rg BT 255.16 509.10 Td (change ) Tj ET Q q 0 0 0 rg BT 287.52 509.10 Td (led ) Tj ET Q q 0 0 0 rg BT 303.77 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.58 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.84 509.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 389.19 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.56 509.10 Td (components ) Tj ET Q q 0 0 0 rg BT 453.92 509.10 Td (within ) Tj ET Q q 0 0 0 rg BT 482.62 509.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 509.44 509.10 Td (based ) Tj ET Q q 0 0 0 rg BT 536.25 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 509.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (disaggregation ) Tj ET Q q 0 0 0 rg BT 110.29 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.53 497.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.42 497.10 Td (information ) Tj ET Q q 0 0 0 rg BT 206.55 497.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 244.55 497.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 283.11 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.03 497.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 330.26 497.10 Td (management ) Tj ET Q q 0 0 0 rg BT 383.27 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.18 497.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 441.52 497.10 Td (area. ) Tj ET Q q 0 0 0 rg BT 462.57 497.10 Td (Components ) Tj ET Q q 0 0 0 rg BT 515.04 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.74 497.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 91.15 485.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 151.12 485.10 Td (were ) Tj ET Q q 0 0 0 rg BT 173.32 485.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 219.96 485.10 Td (into ) Tj ET Q q 0 0 0 rg BT 238.30 485.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 277.73 485.10 Td (units ) Tj ET Q q 0 0 0 rg BT 299.96 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.18 485.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 355.51 485.10 Td (was ) Tj ET Q q 0 0 0 rg BT 373.84 485.10 Td (reassigned ) Tj ET Q q 0 0 0 rg BT 418.83 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.38 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.38 485.10 Td (af) Tj ET Q q 0 0 0 rg BT 451.97 485.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 479.17 485.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 518.60 485.10 Td (units ) Tj ET Q q 0 0 0 rg BT 540.83 485.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.24 473.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 96.75 473.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 113.15 473.10 Td (value ) Tj ET Q q 0 0 0 rg BT 137.33 473.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 176.50 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 187.35 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.21 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.95 473.10 Td (date ) Tj ET Q q 0 0 0 rg BT 232.13 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.98 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.72 473.10 Td (reassessment, ) Tj ET Q q 0 0 0 rg BT 314.95 473.10 Td (July ) Tj ET Q q 0 0 0 rg BT 334.15 473.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 344.17 473.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 369.20 473.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 413.39 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 425.91 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.43 473.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 465.11 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.85 473.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 526.96 473.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (was ) Tj ET Q q 0 0 0 rg BT 66.55 461.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 95.81 461.10 Td (by ) Tj ET Q q 0 0 0 rg BT 107.31 461.10 Td (two ) Tj ET Q q 0 0 0 rg BT 123.81 461.10 Td (regionally-defined ) Tj ET Q q 0 0 0 rg BT 199.17 461.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 237.32 461.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 260.77 461.10 Td (one ) Tj ET Q q 0 0 0 rg BT 276.71 461.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 318.77 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.60 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.54 461.10 Td (single ) Tj ET Q q 0 0 0 rg BT 359.92 461.10 Td (component ) Tj ET Q q 0 0 0 rg BT 405.86 461.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.14 461.10 Td ($168 ) Tj ET Q q 0 0 0 rg BT 446.64 461.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.53 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.03 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.86 461.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 524.45 461.10 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.12 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.52 449.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.24 449.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 145.98 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.49 449.10 Td (two ) Tj ET Q q 0 0 0 rg BT 173.67 449.10 Td (components ) Tj ET Q q 0 0 0 rg BT 224.18 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 244.13 449.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 274.09 449.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 315.14 449.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 374.51 449.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 420.55 449.10 Td (into ) Tj ET Q q 0 0 0 rg BT 438.29 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.91 449.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.74 449.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 501.48 449.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.44 449.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 533.62 449.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 437.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 98.92 437.10 Td (goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.08 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.54 416.10 Td (second ) Tj ET Q q 0 0 0 rg BT 124.55 416.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 155.11 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.69 416.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 189.59 416.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 214.33 416.10 Td (management ) Tj ET Q q 0 0 0 rg BT 267.67 416.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 308.23 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.69 416.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 374.93 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.50 416.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 424.97 416.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 448.31 416.10 Td (market ) Tj ET Q q 0 0 0 rg BT 478.32 416.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 524.73 416.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.38 404.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 97.58 404.10 Td (ef) Tj ET Q q 0 0 0 rg BT 105.16 404.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 126.70 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.69 404.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 163.12 404.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 211.34 404.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 240.66 404.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 267.20 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.30 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.18 404.10 Td (constraining ) Tj ET Q q 0 0 0 rg BT 351.27 404.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 381.15 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.14 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.01 404.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 432.44 404.10 Td (price ) Tj ET Q q 0 0 0 rg BT 455.09 404.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 508.29 404.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.96 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.83 404.10 Td (supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.77 392.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 76.69 392.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 115.28 392.10 Td (which ) Tj ET Q q 0 0 0 rg BT 141.65 392.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 185.24 392.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 223.83 392.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 262.15 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.30 392.10 Td (Company) Tj ET Q q 0 0 0 rg BT 317.97 392.10 Td (s ) Tj ET Q q 0 0 0 rg BT 323.79 392.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 350.15 392.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.07 392.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 439.53 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.90 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.28 392.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 493.09 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.80 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 392.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 392.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.51 380.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 137.62 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.19 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.88 380.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 199.56 380.10 Td (event ) Tj ET Q q 0 0 0 rg BT 224.46 380.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 264.36 380.10 Td (an ) Tj ET Q q 0 0 0 rg BT 277.05 380.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 309.17 380.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 358.52 380.10 Td (test ) Tj ET Q q 0 0 0 rg BT 375.65 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.23 380.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 426.03 380.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 465.37 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.39 380.10 Td (its ) Tj ET Q q 0 0 0 rg BT 489.08 380.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 528.99 380.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 554.18 380.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.31 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.03 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.18 368.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 164.00 368.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 213.04 368.10 Td (test ) Tj ET Q q 0 0 0 rg BT 229.87 368.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 274.45 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.17 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.32 368.10 Td (second ) Tj ET Q q 0 0 0 rg BT 331.03 368.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 362.28 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.55 368.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 398.14 368.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 423.58 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.74 368.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 480.56 368.10 Td (used ) Tj ET Q q 0 0 0 rg BT 501.83 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.21 368.10 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (date ) Tj ET Q q 0 0 0 rg BT 68.66 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.49 356.10 Td (February1, ) Tj ET Q q 0 0 0 rg BT 128.08 356.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.67 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.17 335.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 119.11 335.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 136.95 335.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.01 335.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 169.29 335.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.18 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.46 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.07 335.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 248.91 335.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.52 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.14 335.10 Td (February ) Tj ET Q q 0 0 0 rg BT 308.52 335.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 318.30 335.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 343.08 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.58 335.10 Td (first ) Tj ET Q q 0 0 0 rg BT 375.97 335.10 Td (step ) Tj ET Q q 0 0 0 rg BT 394.36 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.97 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.47 335.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 467.85 335.10 Td (test ) Tj ET Q q 0 0 0 rg BT 484.02 335.10 Td (showed ) Tj ET Q q 0 0 0 rg BT 516.85 335.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.13 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.63 335.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.84 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.86 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.77 323.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.12 323.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 157.36 323.10 Td (was ) Tj ET Q q 0 0 0 rg BT 175.60 323.10 Td (less ) Tj ET Q q 0 0 0 rg BT 193.29 323.10 Td (than ) Tj ET Q q 0 0 0 rg BT 213.20 323.10 Td (its ) Tj ET Q q 0 0 0 rg BT 225.34 323.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 261.34 323.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 296.53 323.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 339.21 323.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.33 323.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 384.01 323.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 435.30 323.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 462.43 323.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.12 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.02 323.10 Td (second ) Tj ET Q q 0 0 0 rg BT 520.48 323.10 Td (step ) Tj ET Q q 0 0 0 rg BT 539.28 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 323.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.51 311.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 117.81 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.94 311.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.75 311.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 218.75 311.10 Td (that ) Tj ET Q q 0 0 0 rg BT 236.66 311.10 Td (no ) Tj ET Q q 0 0 0 rg BT 249.58 311.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 283.04 311.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 299.83 311.10 Td (value ) Tj ET Q q 0 0 0 rg BT 324.40 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.65 311.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 374.12 311.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 414.23 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.81 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.94 311.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.51 311.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 504.48 311.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 542.39 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 553.08 311.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.10 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.93 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.65 299.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 148.91 299.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 184.72 299.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 217.22 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.05 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.77 299.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 281.92 299.10 Td (unit's ) Tj ET Q q 0 0 0 rg BT 305.67 299.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 343.73 299.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.78 299.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 389.28 299.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.17 299.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.45 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.73 278.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 118.45 278.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 136.07 278.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.91 278.10 Td ($166 ) Tj ET Q q 0 0 0 rg BT 177.97 278.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.86 278.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.92 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.32 278.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 256.94 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.33 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.72 278.10 Td (February ) Tj ET Q q 0 0 0 rg BT 315.88 278.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 325.44 278.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 350.00 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.28 278.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 404.67 278.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 420.60 278.10 Td (value ) Tj ET Q q 0 0 0 rg BT 444.32 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.71 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.99 278.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 507.71 278.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 525.33 278.10 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (its ) Tj ET Q q 0 0 0 rg BT 60.66 266.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 95.68 266.10 Td (value ) Tj ET Q q 0 0 0 rg BT 119.04 266.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.75 266.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.22 266.10 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.55 266.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.63 266.10 Td (The ) Tj ET Q q 0 0 0 rg BT 229.89 266.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 276.03 266.10 Td (used ) Tj ET Q q 0 0 0 rg BT 296.07 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.55 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.48 266.10 Td (income ) Tj ET Q q 0 0 0 rg BT 350.62 266.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 388.97 266.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.34 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.27 266.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 454.63 266.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 471.89 266.10 Td (took ) Tj ET Q q 0 0 0 rg BT 491.38 266.10 Td (into ) Tj ET Q q 0 0 0 rg BT 508.65 266.10 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 254.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 94.31 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 254.10 Td (current ) Tj ET Q q 0 0 0 rg BT 136.34 254.10 Td (market ) Tj ET Q q 0 0 0 rg BT 166.80 254.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 211.15 254.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.51 254.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 256.52 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.65 254.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 319.66 254.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 356.22 254.10 Td (metals, ) Tj ET Q q 0 0 0 rg BT 387.51 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.42 254.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 421.22 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.24 254.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 472.71 254.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 510.93 254.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 540.29 254.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.59 242.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 82.45 242.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 106.42 242.10 Td (including ) Tj ET Q q 0 0 0 rg BT 145.95 242.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 190.46 242.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 227.49 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 242.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 269.87 242.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 296.07 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.16 242.10 Td (self-serve ) Tj ET Q q 0 0 0 rg BT 346.78 242.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 367.98 242.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 391.55 242.10 Td (The ) Tj ET Q q 0 0 0 rg BT 408.86 242.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 455.05 242.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 491.25 242.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.44 242.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 527.53 242.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.71 230.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 99.36 230.10 Td (mar) Tj ET Q q 0 0 0 rg BT 114.72 230.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 133.27 230.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.59 230.10 Td (current ) Tj ET Q q 0 0 0 rg BT 184.79 230.10 Td (depressed ) Tj ET Q q 0 0 0 rg BT 226.10 230.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 251.31 230.10 Td (over ) Tj ET Q q 0 0 0 rg BT 270.96 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.28 230.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 320.81 230.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 350.74 230.10 Td (including ) Tj ET Q q 0 0 0 rg BT 390.39 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.49 230.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 438.03 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.24 230.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 482.32 230.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 516.97 230.10 Td (cost-saving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.95 218.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 116.84 218.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 172.17 218.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 213.74 218.10 Td (The ) Tj ET Q q 0 0 0 rg BT 231.30 218.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 287.02 218.10 Td (W) Tj ET Q q 0 0 0 rg BT 295.35 218.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 317.92 218.10 Td (used ) Tj ET Q q 0 0 0 rg BT 338.26 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.05 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.28 218.10 Td (income ) Tj ET Q q 0 0 0 rg BT 393.72 218.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 432.37 218.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.04 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.27 218.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 498.93 218.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 516.50 218.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.55 218.10 Td (1) Tj ET Q q 0 0 0 rg BT 539.18 218.10 Td (1.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 218.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.84 206.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 101.94 206.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 132.06 206.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.84 206.10 Td (used ) Tj ET Q q 0 0 0 rg BT 168.96 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.52 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.53 206.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 237.64 206.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.20 206.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 277.32 206.10 Td (model ) Tj ET Q q 0 0 0 rg BT 304.10 206.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 206.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.48 206.10 Td (. ) Tj ET Q q 0 0 0 rg BT 339.38 206.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 381.73 206.10 Td (all ) Tj ET Q q 0 0 0 rg BT 393.51 206.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.85 206.10 Td (components ) Tj ET Q q 0 0 0 rg BT 465.96 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.08 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.08 206.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 505.75 206.10 Td (value ) Tj ET Q q 0 0 0 rg BT 529.19 206.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.53 194.10 Td (held ) Tj ET Q q 0 0 0 rg BT 91.35 194.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 129.78 194.10 Td (an ) Tj ET Q q 0 0 0 rg BT 141.82 194.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 177.18 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.56 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.19 194.10 Td (W) Tj ET Q q 0 0 0 rg BT 210.52 194.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 233.68 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.61 194.10 Td (200 ) Tj ET Q q 0 0 0 rg BT 262.22 194.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 284.82 194.10 Td (pointsor ) Tj ET Q q 0 0 0 rg BT 322.70 194.10 Td (more ) Tj ET Q q 0 0 0 rg BT 345.85 194.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.78 194.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 388.25 194.10 Td (than ) Tj ET Q q 0 0 0 rg BT 408.07 194.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 454.54 194.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 514.36 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.74 194.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 182.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 84.04 182.10 Td (could ) Tj ET Q q 0 0 0 rg BT 108.75 182.10 Td (have ) Tj ET Q q 0 0 0 rg BT 130.13 182.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 164.29 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.56 182.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.50 182.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 210.10 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.93 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.64 182.10 Td (step ) Tj ET Q q 0 0 0 rg BT 254.25 182.10 Td (one ) Tj ET Q q 0 0 0 rg BT 271.19 182.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 320.90 182.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 369.50 182.10 Td (test ) Tj ET Q q 0 0 0 rg BT 385.88 182.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.04 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.76 182.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 453.91 182.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.77 161.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.37 161.10 Td (also ) Tj ET Q q 0 0 0 rg BT 125.20 161.10 Td (used ) Tj ET Q q 0 0 0 rg BT 145.25 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.41 161.10 Td (market ) Tj ET Q q 0 0 0 rg BT 180.90 161.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 219.26 161.10 Td (based ) Tj ET Q q 0 0 0 rg BT 243.75 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.47 161.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 291.07 161.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 326.12 161.10 Td (data ) Tj ET Q q 0 0 0 rg BT 344.49 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.65 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.59 161.10 Td (Company) Tj ET Q q 0 0 0 rg BT 416.25 161.10 Td (s ) Tj ET Q q 0 0 0 rg BT 421.87 161.10 Td (market ) Tj ET Q q 0 0 0 rg BT 451.35 161.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 506.93 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.43 161.10 Td (corroborate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.02 149.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 104.97 149.10 Td (units) Tj ET Q q 0 0 0 rg BT 127.01 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.31 149.10 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 176.97 149.10 Td (The ) Tj ET Q q 0 0 0 rg BT 195.82 149.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.01 149.10 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 282.95 149.10 Td (its ) Tj ET Q q 0 0 0 rg BT 295.69 149.10 Td (market ) Tj ET Q q 0 0 0 rg BT 326.76 149.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 383.92 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.00 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.51 149.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 457.68 149.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.30 149.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 516.47 149.10 Td (value ) Tj ET Q q 0 0 0 rg BT 541.43 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.06 149.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.73 137.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 113.25 137.10 Td (including ) Tj ET Q q 0 0 0 rg BT 153.60 137.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 210.05 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.96 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.97 137.10 Td (control ) Tj ET Q q 0 0 0 rg BT 258.87 137.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 297.55 137.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 349.55 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.34 137.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 405.24 137.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 437.81 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.82 137.10 Td (market ) Tj ET Q q 0 0 0 rg BT 475.16 137.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 520.50 137.10 Td (would ) Tj ET Q q 0 0 0 rg BT 548.07 137.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.33 125.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 90.38 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.87 125.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 146.81 125.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 182.51 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.11 125.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 236.71 125.10 Td (control ) Tj ET Q q 0 0 0 rg BT 269.09 125.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 309.25 125.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 348.30 125.10 Td (from ) Tj ET Q q 0 0 0 rg BT 371.79 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.06 125.10 Td (dif) Tj ET Q q 0 0 0 rg BT 398.99 125.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 432.46 125.10 Td (between ) Tj ET Q q 0 0 0 rg BT 469.83 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.10 125.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 534.73 125.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 105.12 113.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 132.98 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 144.74 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.71 113.10 Td (average ) Tj ET Q q 0 0 0 rg BT 191.56 113.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 221.64 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 243.39 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.48 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.45 113.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 313.79 113.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 336.83 113.10 Td (A) Tj ET Q q 0 0 0 rg BT 343.50 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.26 113.10 Td (common ) Tj ET Q q 0 0 0 rg BT 382.02 113.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 404.88 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.30 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 113.10 Td (two-week ) Tj ET Q q 0 0 0 rg BT 473.47 113.10 Td (period ) Tj ET Q q 0 0 0 rg BT 500.77 113.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 526.41 113.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 59.43 101.10 Td (2016\) ) Tj ET Q q 0 0 0 rg BT 85.19 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.06 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.71 101.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 144.69 101.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 190.98 101.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 231.73 101.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 248.04 101.10 Td (value ) Tj ET Q q 0 0 0 rg BT 272.12 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.88 101.10 Td (all ) Tj ET Q q 0 0 0 rg BT 295.31 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.07 101.10 Td (its ) Tj ET Q q 0 0 0 rg BT 317.95 101.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 357.04 101.10 Td (units ) Tj ET Q q 0 0 0 rg BT 378.91 101.10 Td (was ) Tj ET Q q 0 0 0 rg BT 396.90 101.10 Td (within ) Tj ET Q q 0 0 0 rg BT 424.88 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.53 101.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 479.17 101.10 Td (range ) Tj ET Q q 0 0 0 rg BT 503.81 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.57 101.10 Td (average ) Tj ET Q q 0 0 0 rg BT 548.09 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 73.04 89.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 114.92 89.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 152.90 89.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.79 89.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 203.88 89.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 253.53 89.10 Td (within ) Tj ET Q q 0 0 0 rg BT 280.97 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.08 89.10 Td (steel-making, ) Tj ET Q q 0 0 0 rg BT 351.11 89.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 374.09 89.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 418.75 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.07 89.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 463.06 89.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 506.19 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.63 89.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 90.38 77.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 124.02 77.10 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 171.56 77.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 198.28 77.10 Td (including ) Tj ET Q q 0 0 0 rg BT 238.61 77.10 Td (market ) Tj ET Q q 0 0 0 rg BT 268.93 77.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 314.24 77.10 Td (syner) Tj ET Q q 0 0 0 rg BT 335.72 77.10 Td (gies, ) Tj ET Q q 0 0 0 rg BT 356.88 77.10 Td (which ) Tj ET Q q 0 0 0 rg BT 383.88 77.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 425.87 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.64 77.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 473.75 77.10 Td (control ) Tj ET Q q 0 0 0 rg BT 504.63 77.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 543.29 77.10 Td (as ) Tj ET Q q 0 0 0 rg BT 554.18 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (February ) Tj ET Q q 0 0 0 rg BT 88.10 65.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 98.10 65.10 Td (2016.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (72) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.82 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.02 731.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 103.45 731.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 134.75 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.07 731.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 170.71 731.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 196.20 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.40 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 253.28 731.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 297.91 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.11 731.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 342.75 731.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 381.30 731.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.38 731.10 Td (test ) Tj ET Q q 0 0 0 rg BT 447.26 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.58 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.89 731.10 Td (July ) Tj ET Q q 0 0 0 rg BT 489.55 731.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 500.04 731.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 524.87 731.10 Td (As ) Tj ET Q q 0 0 0 rg BT 538.97 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 731.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 77.82 719.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 98.63 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.50 719.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 144.69 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.67 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.54 719.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 214.78 719.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 251.99 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.97 719.10 Td ($167 ) Tj ET Q q 0 0 0 rg BT 283.63 719.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.52 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.17 719.10 Td (was ) Tj ET Q q 0 0 0 rg BT 331.38 719.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 360.79 719.10 Td (by ) Tj ET Q q 0 0 0 rg BT 372.44 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.53 719.10 Td (single ) Tj ET Q q 0 0 0 rg BT 404.07 719.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 442.38 719.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 459.59 719.10 Td (within ) Tj ET Q q 0 0 0 rg BT 486.81 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.31 719.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 524.75 719.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (segment. ) Tj ET Q q 0 0 0 rg BT 87.98 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 106.39 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.14 707.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 179.31 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.95 707.10 Td (first ) Tj ET Q q 0 0 0 rg BT 208.93 707.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 236.23 707.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 281.30 707.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 311.37 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.01 707.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 364.86 707.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 399.93 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.01 707.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 455.07 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.26 707.10 Td (events ) Tj ET Q q 0 0 0 rg BT 494.67 707.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.87 707.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (led ) Tj ET Q q 0 0 0 rg BT 64.93 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.91 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.56 695.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 142.31 695.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.51 695.10 Td (it ) Tj ET Q q 0 0 0 rg BT 169.28 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 179.16 695.10 Td (more ) Tj ET Q q 0 0 0 rg BT 202.92 695.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 228.90 695.10 Td (than ) Tj ET Q q 0 0 0 rg BT 249.32 695.10 Td (not ) Tj ET Q q 0 0 0 rg BT 265.31 695.10 Td (that ) Tj ET Q q 0 0 0 rg BT 283.52 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.94 695.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 340.47 695.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 357.56 695.10 Td (value ) Tj ET Q q 0 0 0 rg BT 382.42 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.96 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.39 695.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 449.25 695.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 468.02 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.90 695.10 Td (less ) Tj ET Q q 0 0 0 rg BT 496.11 695.10 Td (than ) Tj ET Q q 0 0 0 rg BT 516.54 695.10 Td (its ) Tj ET Q q 0 0 0 rg BT 529.19 695.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 84.00 683.10 Td (As ) Tj ET Q q 0 0 0 rg BT 97.68 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.68 683.10 Td (result ) Tj ET Q q 0 0 0 rg BT 129.47 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.36 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.15 683.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 199.92 683.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 249.43 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.21 683.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 305.67 683.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 349.33 683.10 Td (that ) Tj ET Q q 0 0 0 rg BT 366.89 683.10 Td (it ) Tj ET Q q 0 0 0 rg BT 375.01 683.10 Td (was ) Tj ET Q q 0 0 0 rg BT 393.13 683.10 Td (not ) Tj ET Q q 0 0 0 rg BT 408.48 683.10 Td (more ) Tj ET Q q 0 0 0 rg BT 431.59 683.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 456.93 683.10 Td (than ) Tj ET Q q 0 0 0 rg BT 476.72 683.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.06 683.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.63 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.41 683.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.85 683.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.60 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.59 671.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 112.02 671.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 129.35 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 146.67 671.10 Td (less ) Tj ET Q q 0 0 0 rg BT 163.45 671.10 Td (than ) Tj ET Q q 0 0 0 rg BT 182.43 671.10 Td (its ) Tj ET Q q 0 0 0 rg BT 193.66 671.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 228.74 671.10 Td (value ) Tj ET Q q 0 0 0 rg BT 252.17 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.27 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.38 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.37 671.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 314.80 671.10 Td (date ) Tj ET Q q 0 0 0 rg BT 333.23 671.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 351.94 671.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 392.30 671.10 Td (no ) Tj ET Q q 0 0 0 rg BT 404.07 671.10 Td (further ) Tj ET Q q 0 0 0 rg BT 433.05 671.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 480.92 671.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 509.36 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 526.68 671.10 Td (required. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.60 650.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 125.70 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.59 650.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 153.02 650.10 Td (value ) Tj ET Q q 0 0 0 rg BT 177.23 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.90 650.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 242.11 650.10 Td (units ) Tj ET Q q 0 0 0 rg BT 264.12 650.10 Td (used ) Tj ET Q q 0 0 0 rg BT 285.00 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.34 650.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 330.10 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.88 650.10 Td (first ) Tj ET Q q 0 0 0 rg BT 363.54 650.10 Td (step ) Tj ET Q q 0 0 0 rg BT 382.21 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.10 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.87 650.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 456.53 650.10 Td (test ) Tj ET Q q 0 0 0 rg BT 472.97 650.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 507.74 650.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 548.07 650.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 85.57 638.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 129.96 638.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 169.35 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.97 638.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 237.60 638.10 Td (about ) Tj ET Q q 0 0 0 rg BT 262.00 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.39 638.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 314.10 638.10 Td (future ) Tj ET Q q 0 0 0 rg BT 340.16 638.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 360.11 638.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 384.51 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.13 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.53 638.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 444.92 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.43 638.10 Td (market ) Tj ET Q q 0 0 0 rg BT 485.37 638.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 529.22 638.10 Td (on ) Tj ET Q q 0 0 0 rg BT 541.40 638.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 105.23 626.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 125.67 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.24 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.24 626.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 189.78 626.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 238.55 626.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.42 626.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.99 626.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 340.99 626.10 Td (these ) Tj ET Q q 0 0 0 rg BT 365.32 626.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 408.81 626.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 436.47 626.10 Td (results ) Tj ET Q q 0 0 0 rg BT 466.36 626.10 Td (could ) Tj ET Q q 0 0 0 rg BT 492.36 626.10 Td (dif) Tj ET Q q 0 0 0 rg BT 503.29 626.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 518.17 626.10 Td (from ) Tj ET Q q 0 0 0 rg BT 541.39 626.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 90.72 614.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 118.34 614.10 Td (events ) Tj ET Q q 0 0 0 rg BT 145.39 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.34 614.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 199.50 614.10 Td (market ) Tj ET Q q 0 0 0 rg BT 228.77 614.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 271.94 614.10 Td (may ) Tj ET Q q 0 0 0 rg BT 290.67 614.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 319.39 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.11 614.10 Td (Company) Tj ET Q q 0 0 0 rg BT 374.78 614.10 Td (s ) Tj ET Q q 0 0 0 rg BT 380.18 614.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 431.13 614.10 Td (as ) Tj ET Q q 0 0 0 rg BT 440.97 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.26 614.10 Td (future ) Tj ET Q q 0 0 0 rg BT 475.64 614.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 508.80 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 614.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 602.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 79.40 602.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 109.50 602.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 132.63 602.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 188.13 602.10 Td (W) Tj ET Q q 0 0 0 rg BT 196.46 602.10 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 221.28 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.48 602.10 Td (other ) Tj ET Q q 0 0 0 rg BT 259.79 602.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 288.75 602.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.51 602.10 Td (may ) Tj ET Q q 0 0 0 rg BT 324.48 602.10 Td (result ) Tj ET Q q 0 0 0 rg BT 348.46 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.00 602.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 391.97 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.51 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.48 602.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 454.46 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.55 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.52 602.10 Td (Company) Tj ET Q q 0 0 0 rg BT 520.19 602.10 Td (s ) Tj ET Q q 0 0 0 rg BT 525.84 602.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (units) Tj ET Q q 0 0 0 rg BT 71.54 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.91 590.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 92.15 590.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 118.94 590.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 160.08 590.10 Td (management ) Tj ET Q q 0 0 0 rg BT 214.54 590.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 250.68 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.27 590.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 319.08 590.10 Td (used ) Tj ET Q q 0 0 0 rg BT 340.79 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.93 590.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 381.97 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.56 590.10 Td (Company) Tj ET Q q 0 0 0 rg BT 439.22 590.10 Td (s ) Tj ET Q q 0 0 0 rg BT 446.48 590.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 486.51 590.10 Td (units) Tj ET Q q 0 0 0 rg BT 508.55 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.92 590.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 550.84 590.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 99.83 578.10 Td (are ) Tj ET Q q 0 0 0 rg BT 116.26 578.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 165.74 578.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 202.73 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.74 578.10 Td (market ) Tj ET Q q 0 0 0 rg BT 246.73 578.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 292.62 578.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.29 578.10 Td (current ) Tj ET Q q 0 0 0 rg BT 348.83 578.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 378.88 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.55 578.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 412.33 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.88 578.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 457.98 578.10 Td (than ) Tj ET Q q 0 0 0 rg BT 479.42 578.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 527.52 578.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 101.53 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.70 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.42 566.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 166.58 566.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 183.64 566.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.93 566.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 240.52 566.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 280.09 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.03 566.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 316.41 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.69 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.42 566.10 Td (Company) Tj ET Q q 0 0 0 rg BT 381.08 566.10 Td (s ) Tj ET Q q 0 0 0 rg BT 386.48 566.10 Td (share ) Tj ET Q q 0 0 0 rg BT 409.08 566.10 Td (price ) Tj ET Q q 0 0 0 rg BT 430.58 566.10 Td (from ) Tj ET Q q 0 0 0 rg BT 451.52 566.10 Td (current ) Tj ET Q q 0 0 0 rg BT 481.34 566.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 506.17 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 519.34 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.29 566.10 Td (sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.04 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.36 554.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 109.62 554.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.94 554.10 Td (an ) Tj ET Q q 0 0 0 rg BT 131.37 554.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 166.11 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.88 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.09 554.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 245.79 554.10 Td (W) Tj ET Q q 0 0 0 rg BT 254.12 554.10 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 279.18 554.10 Td (among ) Tj ET Q q 0 0 0 rg BT 308.38 554.10 Td (other ) Tj ET Q q 0 0 0 rg BT 330.92 554.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 362.62 554.10 Td (could ) Tj ET Q q 0 0 0 rg BT 386.82 554.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 438.80 554.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 468.00 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.21 554.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 530.30 554.10 Td (analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.93 542.10 Td (may ) Tj ET Q q 0 0 0 rg BT 87.14 542.10 Td (result ) Tj ET Q q 0 0 0 rg BT 112.35 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.12 542.10 Td (future ) Tj ET Q q 0 0 0 rg BT 149.99 542.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 188.54 542.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 237.63 542.10 Td (char) Tj ET Q q 0 0 0 rg BT 254.66 542.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 270.98 542.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 291.47 542.10 Td (if ) Tj ET Q q 0 0 0 rg BT 300.57 542.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 339.38 542.10 Td (could ) Tj ET Q q 0 0 0 rg BT 364.59 542.10 Td (have ) Tj ET Q q 0 0 0 rg BT 386.46 542.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.89 542.10 Td (material ) Tj ET Q q 0 0 0 rg BT 429.65 542.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 463.18 542.10 Td (ef) Tj ET Q q 0 0 0 rg BT 470.76 542.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 488.74 542.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.74 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 542.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 542.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 530.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 127.25 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.19 530.10 Td (results ) Tj ET Q q 0 0 0 rg BT 172.80 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.63 530.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.40 509.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 90.88 509.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 125.44 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.58 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.15 509.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 185.82 509.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.17 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.86 509.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 266.78 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.13 509.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 322.02 509.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 357.71 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.72 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.30 509.10 Td (years ) Tj ET Q q 0 0 0 rg BT 409.75 509.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.47 509.10 Td (August ) Tj ET Q q 0 0 0 rg BT 466.72 509.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 481.57 509.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 503.93 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.73 509.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.73 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.08 509.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 497.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 92.83 497.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 106.44 497.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 463.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 463.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 433.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 433.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 403.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 403.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 373.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 373.60 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 492 463.6 m 562 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 403.6 m 562 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 358.6 m 562 358.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 343.6 m 562 343.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.55 468.28 Td (AMR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.17 Td (Balance as of August 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 453.27 Td (325,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.17 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 438.27 Td (201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 424.17 Td (Foreign currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 423.32 Td (\(9,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 423.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.17 Td (Goodwill impairment charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 408.32 Td (\(141,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 408.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 394.17 Td (Balance as of August 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 393.27 Td (175,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 379.17 Td (Foreign currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 378.27 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.17 Td (Goodwill impairment charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 363.32 Td (\(8,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 363.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 349.17 Td (Balance as of August 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 348.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 348.27 Td (166,847) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 105.31 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Td (and ) Tj ET Q q 0 0 0 rg BT 533.57 323.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.57 323.10 Td (.) 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 67.55 302.10 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 302.10 Td (table ) Tj ET Q q 0 0 0 rg BT 130.87 302.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.14 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.85 302.10 Td (Company) Tj ET Q q 0 0 0 rg BT 222.52 302.10 Td (s ) Tj ET Q q 0 0 0 rg BT 228.91 302.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 271.40 302.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 297.23 302.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.06 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.34 302.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 362.23 302.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 375.84 302.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 240.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 240.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 240.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 240.60 70.00 -15.00 re f 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240.60000000000002 m 488 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 240.60000000000002 m 562 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 195.60000000000002 m 340 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 195.60000000000002 m 414 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 195.60000000000002 m 488 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 195.60000000000002 m 562 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 195.60000000000002 m 340 195.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270 180.60000000000002 m 340 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 195.60000000000002 m 414 195.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 180.60000000000002 m 414 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 195.60000000000002 m 488 195.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 180.60000000000002 m 488 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 195.60000000000002 m 562 195.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 180.60000000000002 m 562 180.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 244.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.50 279.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 279.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.05 265.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 304.09 265.28 Td (oss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.75 255.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.95 245.28 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.15 255.28 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.85 245.28 Td (Amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.05 265.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 452.09 265.28 Td (oss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.75 255.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.95 245.28 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.15 255.28 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.85 245.28 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 231.17 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.50 230.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 230.27 Td (6,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 230.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 230.32 Td (\(2,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 230.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 230.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 230.27 Td (10,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 230.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 230.32 Td (\(5,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 230.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 216.17 Td (Other intangible assets subject to amortization) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 237.73 220.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 215.27 Td (1,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.80 215.32 Td (\(666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 215.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 215.27 Td (1,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 215.32 Td (\(927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 215.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 201.17 Td (Indefinite-lived intangibles) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 161.08 205.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 200.27 Td (1,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 200.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 200.27 Td (1,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 200.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 186.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.50 185.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 185.27 Td (8,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 185.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 185.32 Td (\(3,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 185.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 185.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 185.27 Td (13,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 185.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 185.32 Td (\(6,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 185.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 171.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 161.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 161.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.71 161.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 121.71 161.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 142.37 161.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 167.03 161.90 Td (to ) Tj ET Q q 0 0 0 rg BT 175.25 161.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 217.68 161.90 Td (include ) Tj ET Q q 0 0 0 rg BT 243.23 161.90 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 275.44 161.90 Td (interests, ) Tj ET Q q 0 0 0 rg BT 306.10 161.90 Td (permits ) Tj ET Q q 0 0 0 rg BT 332.10 161.90 Td (and ) Tj ET Q q 0 0 0 rg BT 345.65 161.90 Td (licenses.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 152.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 152.30 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 119.26 152.30 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 156.36 152.30 Td (include ) Tj ET Q q 0 0 0 rg BT 181.91 152.30 Td (trade ) Tj ET Q q 0 0 0 rg BT 199.90 152.30 Td (names, ) Tj ET Q q 0 0 0 rg BT 224.34 152.30 Td (permits ) Tj ET Q q 0 0 0 rg BT 250.33 152.30 Td (and ) Tj ET Q q 0 0 0 rg BT 263.88 152.30 Td (licenses ) Tj ET Q q 0 0 0 rg BT 291.21 152.30 Td (and ) Tj ET Q q 0 0 0 rg BT 304.76 152.30 Td (real ) Tj ET Q q 0 0 0 rg BT 318.75 152.30 Td (property ) Tj ET Q q 0 0 0 rg BT 347.85 152.30 Td (options.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.30 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 128.30 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.77 128.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 115.62 128.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 137.92 128.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 191.31 128.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 226.38 128.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.79 128.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 257.65 128.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.54 128.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.90 128.30 Td ($2 ) Tj ET Q q 0 0 0 rg BT 304.76 128.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.66 128.30 Td ( ) Tj ET Q q 0 0 0 rg BT 336.52 128.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.82 128.30 Td ($4 ) Tj ET Q q 0 0 0 rg BT 366.68 128.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.57 128.30 Td (, ) Tj ET Q q 0 0 0 rg BT 400.93 128.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 448.59 128.30 Td (, ) Tj ET Q q 0 0 0 rg BT 453.95 128.30 Td (for ) Tj ET Q q 0 0 0 rg BT 468.47 128.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.55 128.30 Td (years ) Tj ET Q q 0 0 0 rg BT 507.51 128.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.61 128.30 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.37 116.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 89.24 116.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 111.61 116.30 Td (and ) Tj ET Q q 0 0 0 rg BT 128.42 116.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.42 116.30 Td (. ) Tj ET Q q 0 0 0 rg BT 153.29 116.30 Td (Included ) Tj ET Q q 0 0 0 rg BT 190.65 116.30 Td (in ) Tj ET Q q 0 0 0 rg BT 200.80 116.30 Td (these ) Tj ET Q q 0 0 0 rg BT 223.71 116.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 259.97 116.30 Td (is ) Tj ET Q q 0 0 0 rg BT 269.01 116.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 321.92 116.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 356.50 116.30 Td (of ) Tj ET Q q 0 0 0 rg BT 367.20 116.30 Td (less ) Tj ET Q q 0 0 0 rg BT 384.57 116.30 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.16 116.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 416.53 116.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.42 116.30 Td ( ) Tj ET Q q 0 0 0 rg BT 447.79 116.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 483.47 116.30 Td (within ) Tj ET Q q 0 0 0 rg BT 511.40 116.30 Td (discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.66 104.30 Td (for ) Tj ET Q q 0 0 0 rg BT 107.82 104.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.54 104.30 Td (years ) Tj ET Q q 0 0 0 rg BT 146.15 104.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 171.97 104.30 Td (August ) Tj ET Q q 0 0 0 rg BT 203.37 104.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 218.37 104.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 240.88 104.30 Td (and ) Tj ET Q q 0 0 0 rg BT 257.82 104.30 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.82 104.30 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.05 104.30 Td ( ) Tj ET Q q 0 0 0 rg BT 297.55 104.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 350.59 104.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 385.30 104.30 Td (was ) Tj ET Q q 0 0 0 rg BT 403.36 104.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 439.18 104.30 Td (within ) Tj ET Q q 0 0 0 rg BT 467.24 104.30 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 520.84 104.30 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.30 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 92.30 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 92.30 Td (year ) Tj ET Q q 0 0 0 rg BT 98.08 92.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 123.91 92.30 Td (August ) Tj ET Q q 0 0 0 rg BT 155.30 92.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 170.30 92.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 195.30 92.30 Td (Impairments ) Tj ET Q q 0 0 0 rg BT 248.34 92.30 Td (of ) Tj ET Q q 0 0 0 rg BT 259.17 92.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 301.66 92.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 327.49 92.30 Td (were ) Tj ET Q q 0 0 0 rg BT 349.42 92.30 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 395.24 92.30 Td (for ) Tj ET Q q 0 0 0 rg BT 409.40 92.30 Td (all ) Tj ET Q q 0 0 0 rg BT 421.89 92.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 453.83 92.30 Td (presented.) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (73) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.45 731.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 108.17 731.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 161.10 731.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 198.21 731.10 Td (based ) Tj ET Q q 0 0 0 rg BT 223.38 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.78 731.10 Td (current ) Tj ET Q q 0 0 0 rg BT 266.49 731.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 308.88 731.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 330.72 731.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 370.05 731.10 Td (during ) Tj ET Q q 0 0 0 rg BT 398.56 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.17 731.10 Td (next ) Tj ET Q q 0 0 0 rg BT 432.79 731.10 Td (five ) Tj ET Q q 0 0 0 rg BT 450.74 731.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 474.79 731.10 Td (years ) Tj ET Q q 0 0 0 rg BT 498.29 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.13 731.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 555.83 731.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 719.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 92.83 719.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 106.44 719.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 675.60 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 675.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 675.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 647.60 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 647.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 647.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 619.60 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 619.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 619.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 591.60 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 591.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 591.60 67.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 675.6 m 491 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 675.6 m 562 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 675.6 m 491 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 675.6 m 562 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 591.6 m 562 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 591.6 m 562 591.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495 577.6 m 562 577.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 680.28 Td (Years Ending August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.30 699.33 Td (Estimated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.35 689.33 Td (Amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.20 679.33 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 666.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 666.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 666.17 Td (553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 652.17 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 638.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 638.17 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 624.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 624.17 Td (274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 610.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 610.17 Td (274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 596.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 596.17 Td (2,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 582.17 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 582.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 582.17 Td (3,850) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (Note 7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 554.10 Td ( Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 71.94 533.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 111.66 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.49 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.20 533.10 Td (following ) Tj ET Q q 0 0 0 rg BT 178.59 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.42 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.70 533.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 243.59 533.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 257.20 533.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 508.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 508.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 508.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 508.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 468.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 468.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 438.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 438.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 408.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 408.60 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 418.5 508.6 m 488.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 508.6 m 562.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 438.6 m 488.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 438.6 m 562.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 408.6 m 488.5 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 408.6 m 562.5 408.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 393.6 m 488.5 393.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 393.6 m 562.5 393.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 513.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 513.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.27 Td (Bank revolving credit facility, interest at LIBOR plus a spread) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 498.27 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 498.27 Td (215,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.17 Td (Tax-exempt economic development revenue bonds due January 2021, interest payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 474.17 Td (monthly at a variable rate \(0.7% as of August31, 2016\), secured by a letter of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 473.27 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 473.27 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.27 Td (Capital lease obligations due through February 2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 458.27 Td (4,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 458.27 Td (4,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.17 Td (Other debt obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 443.27 Td (765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 443.27 Td (848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.17 Td (Total debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 429.17 Td (192,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 428.27 Td (228,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.17 Td (Less current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 413.32 Td (\(8,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 413.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 413.32 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 413.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 398.27 Td (184,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 398.27 Td (227,572) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.54 373.10 Td (April ) Tj ET Q q 0 0 0 rg BT 88.63 373.10 Td (6, ) Tj ET Q q 0 0 0 rg BT 99.10 373.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 124.58 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.77 373.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.63 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.05 373.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 229.23 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.53 373.10 Td (its ) Tj ET Q q 0 0 0 rg BT 252.96 373.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 303.15 373.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 335.55 373.10 Td (into ) Tj ET Q q 0 0 0 rg BT 354.08 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.06 373.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 393.60 373.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 435.45 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.86 373.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 490.27 373.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 517.59 373.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.37 361.10 Td ("Amended ) Tj ET Q q 0 0 0 rg BT 112.16 361.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 138.58 361.10 Td (Agreement"\) ) Tj ET Q q 0 0 0 rg BT 192.24 361.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.84 361.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 234.78 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.53 361.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 283.28 361.10 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 304.55 361.10 Td (as ) Tj ET Q q 0 0 0 rg BT 314.71 361.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 373.74 361.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 399.72 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.99 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.03 361.10 Td (other ) Tj ET Q q 0 0 0 rg BT 452.40 361.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 483.11 361.10 Td (party ) Tj ET Q q 0 0 0 rg BT 505.48 361.10 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 537.57 361.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 84.01 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.92 349.10 Td (restates ) Tj ET Q q 0 0 0 rg BT 135.37 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.05 349.10 Td (Company) Tj ET Q q 0 0 0 rg BT 192.72 349.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.08 349.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 235.21 349.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 279.21 349.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 305.44 349.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 352.80 349.10 Td (The ) Tj ET Q q 0 0 0 rg BT 371.05 349.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 413.39 349.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 441.09 349.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 488.98 349.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 526.89 349.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 349.10 Td ($335 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.24 337.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.02 337.10 Td (C$15 ) Tj ET Q q 0 0 0 rg BT 122.04 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.93 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.27 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.40 337.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 190.18 337.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 223.06 337.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 263.73 337.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 288.84 337.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 325.62 337.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 364.06 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.67 337.10 Td (April ) Tj ET Q q 0 0 0 rg BT 397.12 337.10 Td (2021. ) Tj ET Q q 0 0 0 rg BT 421.97 337.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 454.31 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.43 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.99 337.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 503.56 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.34 337.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.53 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.46 325.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 115.53 325.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 142.24 325.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 191.36 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.77 325.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.86 325.10 Td (may ) Tj ET Q q 0 0 0 rg BT 266.27 325.10 Td (request ) Tj ET Q q 0 0 0 rg BT 297.35 325.10 Td (that ) Tj ET Q q 0 0 0 rg BT 314.54 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.95 325.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 385.59 325.10 Td (under ) Tj ET Q q 0 0 0 rg BT 410.55 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.97 325.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 444.95 325.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 469.91 325.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 500.43 325.10 Td (be ) Tj ET Q q 0 0 0 rg BT 512.06 325.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 552.01 325.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (an ) Tj ET Q q 0 0 0 rg BT 60.79 313.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 101.01 313.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 132.37 313.10 Td (not ) Tj ET Q q 0 0 0 rg BT 146.50 313.10 Td (exceeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.39 313.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 209.75 313.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.64 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.99 313.10 Td (if ) Tj ET Q q 0 0 0 rg BT 247.46 313.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 276.02 313.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 319.04 313.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.60 313.10 Td (met ) Tj ET Q q 0 0 0 rg BT 348.95 313.10 Td (including ) Tj ET Q q 0 0 0 rg BT 388.08 313.10 Td (pre-approval ) Tj ET Q q 0 0 0 rg BT 440.52 313.10 Td (by ) Tj ET Q q 0 0 0 rg BT 451.88 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.45 313.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 495.69 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.48 313.10 Td (achievement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.05 301.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.97 301.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 107.01 301.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 133.61 301.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.31 301.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 202.63 301.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 225.35 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.84 301.10 Td (its ) Tj ET Q q 0 0 0 rg BT 248.01 301.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 297.38 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.53 301.10 Td (renewal, ) Tj ET Q q 0 0 0 rg BT 351.40 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.33 301.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 391.81 301.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 436.17 301.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 474.43 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 488.81 301.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 529.85 301.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 553.68 301.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td ($670 ) Tj ET Q q 0 0 0 rg BT 71.88 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.77 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.65 289.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.96 289.10 Td (C$30 ) Tj ET Q q 0 0 0 rg BT 142.51 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.40 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.28 289.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 211.26 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.50 289.10 Td (April ) Tj ET Q q 0 0 0 rg BT 243.49 289.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 267.73 289.10 Td (The ) Tj ET Q q 0 0 0 rg BT 285.15 289.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.92 289.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.23 289.10 Td ($198 ) Tj ET Q q 0 0 0 rg BT 364.11 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.88 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.54 289.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 451.96 289.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 500.51 289.10 Td (under ) Tj ET Q q 0 0 0 rg BT 525.15 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.25 289.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.63 277.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.95 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.83 277.10 Td (April ) Tj ET Q q 0 0 0 rg BT 136.93 277.10 Td (5, ) Tj ET Q q 0 0 0 rg BT 146.41 277.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 168.40 277.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 189.83 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.60 277.10 Td (its ) Tj ET Q q 0 0 0 rg BT 211.03 277.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 259.67 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.10 277.10 Td (renewal. ) Tj ET Q q 0 0 0 rg BT 311.80 277.10 Td (As ) Tj ET Q q 0 0 0 rg BT 324.90 277.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.78 277.10 Td (August ) Tj ET Q q 0 0 0 rg BT 365.66 277.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 380.15 277.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 402.14 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.56 277.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.56 277.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.05 277.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 490.59 277.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 539.25 277.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.94 265.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 90.43 265.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 121.48 265.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.63 265.10 Td ($180 ) Tj ET Q q 0 0 0 rg BT 166.36 265.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.25 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.98 265.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.14 265.10 Td ($215 ) Tj ET Q q 0 0 0 rg BT 237.87 265.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.76 265.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.99 265.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 319.65 265.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.68 265.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.95 265.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 382.33 265.10 Td (average ) Tj ET Q q 0 0 0 rg BT 416.14 265.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 448.30 265.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.01 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 478.74 265.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 515.35 265.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 253.10 Td (this ) Tj ET Q q 0 0 0 rg BT 92.22 253.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 123.04 253.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.09 253.10 Td (3.01%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.92 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.42 253.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.36 253.10 Td (1.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.19 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.69 253.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.52 253.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.80 253.10 Td (August ) Tj ET Q q 0 0 0 rg BT 267.19 253.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.19 253.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 304.69 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.63 253.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.63 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.63 253.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 394.29 253.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.90 233.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 104.69 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.60 233.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 167.18 233.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 221.75 233.10 Td (under ) Tj ET Q q 0 0 0 rg BT 247.44 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.92 233.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 303.71 233.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 330.98 233.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 378.32 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 393.44 233.10 Td (based, ) Tj ET Q q 0 0 0 rg BT 421.62 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 431.75 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.88 233.10 Td (Company) Tj ET Q q 0 0 0 rg BT 488.55 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 495.35 233.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 526.32 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 539.24 233.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.53 221.10 Td (London ) Tj ET Q q 0 0 0 rg BT 97.95 221.10 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 138.57 221.10 Td (Of) Tj ET Q q 0 0 0 rg BT 148.94 221.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 171.79 221.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 192.43 221.10 Td (\("LIBOR"\), ) Tj ET Q q 0 0 0 rg BT 242.06 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.71 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.23 221.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 307.31 221.10 Td (equivalent, ) Tj ET Q q 0 0 0 rg BT 353.77 221.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 372.75 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.50 221.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 407.91 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.55 221.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.18 221.10 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.01 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.32 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.07 221.10 Td (2.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.90 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 529.71 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.80 221.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.71 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.75 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.68 209.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 137.50 209.10 Td (based ) Tj ET Q q 0 0 0 rg BT 162.98 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.69 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.84 209.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 213.88 209.10 Td (grid ) Tj ET Q q 0 0 0 rg BT 232.71 209.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 250.42 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.91 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.84 209.10 Td (Company) Tj ET Q q 0 0 0 rg BT 317.50 209.10 Td (s ) Tj ET Q q 0 0 0 rg BT 324.11 209.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 360.68 209.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 381.72 209.10 Td (but ) Tj ET Q q 0 0 0 rg BT 397.22 209.10 Td (no ) Tj ET Q q 0 0 0 rg BT 409.93 209.10 Td (less ) Tj ET Q q 0 0 0 rg BT 427.64 209.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.57 209.10 Td (2.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.40 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.12 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.49 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.42 209.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 529.79 209.10 Td (quarters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.48 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.42 197.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 117.24 197.10 Td (May ) Tj ET Q q 0 0 0 rg BT 138.18 197.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 153.29 197.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 177.82 197.10 Td (August ) Tj ET Q q 0 0 0 rg BT 209.31 197.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 224.42 197.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 247.03 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.07 197.10 Td (November ) Tj ET Q q 0 0 0 rg BT 308.89 197.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 323.99 197.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 349.10 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.04 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.86 197.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 405.22 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.16 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.98 197.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 456.91 197.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 477.00 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.83 197.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 522.19 197.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 547.01 197.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.01 185.10 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.84 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.18 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.85 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.41 185.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 144.74 185.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 162.07 185.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 186.06 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.18 185.10 Td (one-month ) Tj ET Q q 0 0 0 rg BT 241.85 185.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 274.19 185.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.20 185.10 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.03 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.87 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.99 185.10 Td (each ) Tj ET Q q 0 0 0 rg BT 354.64 185.10 Td (case ) Tj ET Q q 0 0 0 rg BT 374.19 185.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 393.20 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.98 185.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 428.42 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.09 185.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.75 185.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.95 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.29 185.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.07 185.10 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.90 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.24 185.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.94 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.31 173.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 98.57 173.10 Td (grid ) Tj ET Q q 0 0 0 rg BT 116.62 173.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 133.55 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.26 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.41 173.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 203.93 173.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 239.73 173.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 262.49 173.10 Td (In ) Tj ET Q q 0 0 0 rg BT 272.76 173.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 309.97 173.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 362.45 173.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 380.48 173.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.63 173.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 427.66 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 439.59 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.75 173.10 Td (unused ) Tj ET Q q 0 0 0 rg BT 484.01 173.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 514.83 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.10 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.25 173.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.93 161.10 Td (at ) Tj ET Q q 0 0 0 rg BT 96.65 161.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 118.02 161.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.84 161.10 Td (0.20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.67 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.17 161.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.11 161.10 Td (0.40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.94 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.44 161.10 Td (based ) Tj ET Q q 0 0 0 rg BT 252.71 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.21 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.14 161.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 302.97 161.10 Td (grid ) Tj ET Q q 0 0 0 rg BT 321.58 161.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 339.07 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.35 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.07 161.10 Td (Company) Tj ET Q q 0 0 0 rg BT 405.73 161.10 Td (s ) Tj ET Q q 0 0 0 rg BT 412.12 161.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 448.49 161.10 Td (ratio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.28 141.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 108.39 141.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 135.12 141.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 181.77 141.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 217.32 141.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.75 141.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 290.63 141.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 335.34 141.10 Td (including ) Tj ET Q q 0 0 0 rg BT 375.34 141.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 417.55 141.10 Td (that ) Tj ET Q q 0 0 0 rg BT 434.77 141.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 455.89 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.34 141.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 498.11 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.67 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 141.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 129.10 Td (its ) Tj ET Q q 0 0 0 rg BT 79.08 129.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 128.89 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.26 129.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 161.84 129.10 Td (into ) Tj ET Q q 0 0 0 rg BT 180.00 129.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 209.79 129.10 Td (types ) Tj ET Q q 0 0 0 rg BT 233.50 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.42 129.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 297.28 129.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 337.09 129.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 379.67 129.10 Td (include ) Tj ET Q q 0 0 0 rg BT 411.70 129.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 454.28 129.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 493.53 129.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 546.65 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.58 129.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.80 117.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 113.26 117.10 Td (char) Tj ET Q q 0 0 0 rg BT 130.29 117.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 141.64 117.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 179.63 117.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 202.37 117.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.72 117.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 251.18 117.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 286.96 117.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 307.19 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.54 117.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.90 117.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 370.70 117.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.05 117.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 430.04 117.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 452.64 117.10 Td (The ) Tj ET Q q 0 0 0 rg BT 470.10 117.10 Td (Company) Tj ET Q q 0 0 0 rg BT 511.77 117.10 Td (s ) Tj ET Q q 0 0 0 rg BT 517.57 117.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.51 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.87 105.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 131.49 105.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 158.63 105.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 205.80 105.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.75 105.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 267.36 105.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.10 105.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 333.40 105.10 Td (all ) Tj ET Q q 0 0 0 rg BT 346.14 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.22 105.10 Td (its ) Tj ET Q q 0 0 0 rg BT 369.41 105.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 421.67 105.10 Td (The ) Tj ET Q q 0 0 0 rg BT 439.97 105.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 465.48 105.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 502.65 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.83 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.80 105.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 95.13 93.10 Td (are ) Tj ET Q q 0 0 0 rg BT 109.71 93.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 142.62 93.10 Td (by ) Tj ET Q q 0 0 0 rg BT 155.00 93.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 181.81 93.10 Td (first ) Tj ET Q q 0 0 0 rg BT 200.29 93.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 232.66 93.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 253.92 93.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.30 93.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 295.87 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.58 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.17 93.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 368.12 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.94 93.10 Td (its ) Tj ET Q q 0 0 0 rg BT 396.76 93.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 446.56 93.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.94 93.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 477.14 93.10 Td (including ) Tj ET Q q 0 0 0 rg BT 517.29 93.10 Td (equipment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 90.83 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.76 81.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 145.25 81.10 Td (receivable.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (74) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.57 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.82 731.10 Td (August ) Tj ET Q q 0 0 0 rg BT 105.17 731.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 120.14 731.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 142.60 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.50 731.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 184.46 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.13 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.48 731.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.38 731.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 269.84 731.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.73 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.20 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.99 731.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 359.43 731.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 400.76 731.10 Td (development ) Tj ET Q q 0 0 0 rg BT 454.87 731.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 488.98 731.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 515.33 731.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.26 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.96 719.10 Td (State ) Tj ET Q q 0 0 0 rg BT 107.44 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.25 719.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 150.72 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.64 719.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 210.11 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.37 719.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 250.61 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.87 719.10 Td (January ) Tj ET Q q 0 0 0 rg BT 294.45 719.10 Td (2021. ) Tj ET Q q 0 0 0 rg BT 319.44 719.10 Td (In ) Tj ET Q q 0 0 0 rg BT 329.70 719.10 Td (August ) Tj ET Q q 0 0 0 rg BT 361.07 719.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 386.06 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.75 719.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.12 719.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 482.36 719.10 Td (its ) Tj ET Q q 0 0 0 rg BT 494.29 719.10 Td (option ) Tj ET Q q 0 0 0 rg BT 522.33 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.59 719.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.36 707.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 92.40 707.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 114.98 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.90 707.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 159.13 707.10 Td (. ) Tj ET Q q 0 0 0 rg BT 164.55 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.24 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.27 707.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 253.40 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.76 707.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 295.79 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.71 707.10 Td (full ) Tj ET Q q 0 0 0 rg BT 323.75 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.67 707.10 Td (September ) Tj ET Q q 0 0 0 rg BT 380.57 707.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 405.99 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.68 707.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 468.38 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 478.19 707.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 514.65 707.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.12 707.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.70 707.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.61 695.10 Td (within ) Tj ET Q q 0 0 0 rg BT 111.67 695.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 155.82 695.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 203.87 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.70 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.98 695.10 Td (August ) Tj ET Q q 0 0 0 rg BT 256.37 695.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 271.37 695.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 293.87 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.37 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.09 695.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 376.36 695.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 411.06 695.10 Td (Sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 88.65 675.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 129.51 675.10 Td (on ) Tj ET Q q 0 0 0 rg BT 142.05 675.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 184.03 675.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 203.79 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.77 675.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.96 675.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 272.49 675.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 319.47 675.10 Td (during ) Tj ET Q q 0 0 0 rg BT 348.12 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.88 675.10 Td (next ) Tj ET Q q 0 0 0 rg BT 382.64 675.10 Td (five ) Tj ET Q q 0 0 0 rg BT 400.73 675.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 424.92 675.10 Td (years ) Tj ET Q q 0 0 0 rg BT 448.56 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.54 675.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 506.38 675.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.13 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.00 675.10 Td (follows ) Tj ET Q BT 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ET q 0 0 0 rg BT 536.15 608.27 Td (8,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 593.27 Td (142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 593.27 Td (951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 593.27 Td (1,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 578.27 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 578.27 Td (845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 578.27 Td (943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 564.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 563.27 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 563.27 Td (845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 563.27 Td (934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 548.27 Td (180,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 548.27 Td (708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 548.27 Td (180,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 533.27 Td (352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 533.27 Td (2,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 533.27 Td (2,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 519.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 518.27 Td (188,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 518.27 Td (6,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 518.27 Td (195,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.17 Td (Amounts representing interest and executory costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 503.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 503.32 Td (\(2,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 503.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 503.32 Td (\(2,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 503.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.17 Td (Total less interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 488.27 Td (188,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 488.27 Td (4,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 488.27 Td (192,518) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.85 460.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.04 460.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 156.22 460.10 Td (stand-by ) Tj ET Q q 0 0 0 rg BT 194.96 460.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 223.70 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.33 460.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 263.40 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.48 460.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 310.33 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.29 460.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.79 460.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 406.54 460.10 Td (including ) Tj ET Q q 0 0 0 rg BT 448.61 460.10 Td (workers) Tj ET Q q 0 0 0 rg BT 483.41 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.72 460.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 547.56 460.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.02 448.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 131.73 448.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.78 448.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.17 448.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.11 448.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 225.61 448.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.00 448.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 306.16 448.10 Td (under ) Tj ET Q q 0 0 0 rg BT 331.43 448.10 Td (these ) Tj ET Q q 0 0 0 rg BT 354.48 448.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 410.84 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 421.67 448.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 448.10 Td (August ) Tj ET Q q 0 0 0 rg BT 463.34 448.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 478.34 448.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 500.84 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.78 448.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.78 448.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.09 427.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.52 427.10 Td (also ) Tj ET Q q 0 0 0 rg BT 128.17 427.10 Td (had ) Tj ET Q q 0 0 0 rg BT 145.15 427.10 Td (an ) Tj ET Q q 0 0 0 rg BT 157.13 427.10 Td (unsecured, ) Tj ET Q q 0 0 0 rg BT 202.71 427.10 Td (uncommitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.02 427.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 275.56 427.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.45 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.99 427.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 332.29 427.10 Td (line ) Tj ET Q q 0 0 0 rg BT 349.83 427.10 Td (with ) Tj ET Q q 0 0 0 rg BT 369.97 427.10 Td (W) Tj ET Q q 0 0 0 rg BT 378.61 427.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 395.03 427.10 Td (Far) Tj ET Q q 0 0 0 rg BT 408.18 427.10 Td (go ) Tj ET Q q 0 0 0 rg BT 420.72 427.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 446.87 427.10 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 468.86 427.10 Td (that ) 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10.00 Tf ET q 0 0 0 rg BT 398.43 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.71 415.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 448.54 415.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 497.48 415.10 Td (under ) Tj ET Q q 0 0 0 rg BT 522.53 415.10 Td (this ) Tj ET Q q 0 0 0 rg BT 539.26 415.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (line ) Tj ET Q q 0 0 0 rg BT 67.50 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 78.33 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.60 403.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 135.00 403.10 Td (2015. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (Note 8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 379.10 Td ( - Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.84 358.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 87.01 358.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 113.02 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.75 358.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.15 358.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 201.31 358.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 246.48 358.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 358.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.98 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.49 358.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 304.22 358.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 327.18 358.10 Td (stores, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.52 358.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.19 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.70 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.54 358.10 Td (which ) Tj ET Q q 0 0 0 rg BT 411.50 358.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 450.55 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.73 358.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 520.34 358.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.53 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.18 346.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 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106.39 322.10 Td (within ) Tj ET Q q 0 0 0 rg BT 134.05 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 322.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 169.45 322.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 212.09 322.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 250.01 322.10 Td (which ) Tj ET Q q 0 0 0 rg BT 276.55 322.10 Td (was ) Tj ET Q q 0 0 0 rg BT 294.20 322.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 348.52 322.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 384.48 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 396.58 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.43 322.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 435.31 322.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 477.95 322.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 513.37 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.25 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.56 322.10 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 81.35 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.71 310.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 117.40 310.10 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.49 220.10 Td (results ) Tj ET Q q 0 0 0 rg BT 121.09 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.92 220.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 185.53 220.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.68 220.10 Td (were ) Tj ET Q q 0 0 0 rg BT 251.61 220.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 295.77 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.60 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 220.10 Td (following ) Tj ET Q q 0 0 0 rg BT 362.70 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.86 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.58 220.10 Td (years ) Tj ET Q q 0 0 0 rg BT 415.18 220.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.00 220.10 Td (August ) Tj ET Q q 0 0 0 rg BT 472.39 220.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 484.89 220.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 498.50 220.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.60 294.00 -15.00 re f /GS0 gs 0.8 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143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 143.60000000000002 m 488.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 143.60000000000002 m 562.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 143.60000000000002 m 414.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 128.60000000000002 m 414.5 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 143.60000000000002 m 488.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 128.60000000000002 m 488.5 128.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 143.60000000000002 m 562.5 143.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 128.60000000000002 m 562.5 128.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 199.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 199.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 199.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 184.27 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 184.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 184.27 Td (8,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 184.27 Td (15,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 163.27 Td (Loss from discontinued operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 163.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 163.32 Td (\(1,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 163.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 163.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 163.32 Td (\(7,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 163.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 163.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 163.32 Td (\(2,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 163.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 148.27 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 148.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 148.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 148.27 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 133.27 Td (Loss from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 133.32 Td (\(1,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 133.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 133.32 Td (\(7,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 133.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 133.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 133.32 Td (\(2,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 133.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (75) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Note 9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 731.25 Td ( Commitments and Contingencies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 710.25 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.69 692.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.71 692.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 134.73 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.31 692.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 172.34 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.81 692.25 Td (its ) Tj ET Q q 0 0 0 rg BT 194.40 692.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.19 692.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 267.54 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.12 692.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.46 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.93 692.25 Td (its ) Tj ET Q q 0 0 0 rg BT 335.52 692.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 372.09 692.25 Td (under ) Tj ET Q q 0 0 0 rg BT 396.99 692.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 423.01 692.25 Td (that ) Tj ET Q q 0 0 0 rg BT 440.15 692.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 467.27 692.25 Td (at ) Tj ET Q q 0 0 0 rg BT 476.63 692.25 Td (various ) Tj ET Q q 0 0 0 rg BT 508.21 692.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 530.90 692.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.16 680.25 Td (2047. ) Tj ET Q q 0 0 0 rg BT 99.16 680.25 Td (Rent ) Tj ET Q q 0 0 0 rg BT 120.54 680.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 155.25 680.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 680.25 Td ($24 ) Tj ET Q q 0 0 0 rg BT 190.80 680.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.69 680.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.69 680.25 Td ($26 ) Tj ET Q q 0 0 0 rg BT 242.19 680.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.08 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.58 680.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.52 680.25 Td ($27 ) Tj ET Q q 0 0 0 rg BT 308.02 680.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.91 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.41 680.25 Td (for ) Tj ET Q q 0 0 0 rg BT 353.57 680.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.73 680.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.73 680.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.73 680.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.73 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.23 680.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.17 680.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.17 680.25 Td (, ) Tj ET Q q 0 0 0 rg BT 467.17 680.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 514.83 680.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.57 659.25 Td (table ) Tj ET Q q 0 0 0 rg BT 91.03 659.25 Td (below ) Tj ET Q q 0 0 0 rg BT 118.49 659.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 136.51 659.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 158.97 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.21 659.25 Td (Company) Tj ET Q q 0 0 0 rg BT 215.87 659.25 Td (s ) Tj ET Q q 0 0 0 rg BT 222.79 659.25 Td (future ) Tj ET Q q 0 0 0 rg BT 249.69 659.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 291.60 659.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 339.07 659.25 Td (under ) Tj ET Q q 0 0 0 rg BT 364.86 659.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 428.40 659.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 469.18 659.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 496.08 659.25 Td (as ) Tj ET Q q 0 0 0 rg BT 507.44 659.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.12 659.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 647.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 86.11 647.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.75 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 609.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 579.75 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 579.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.75 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 549.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.75 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 519.75 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 50.5 609.75 m 488.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 609.75 m 562.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 609.75 m 488.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 519.75 m 562.5 519.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 504.75 m 562.5 504.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 614.43 Td (Years ending August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 624.43 Td (Operating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.80 614.43 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 599.42 Td (21,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 584.42 Td (17,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 569.42 Td (14,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 554.42 Td (10,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 539.42 Td (6,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 524.42 Td (22,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 509.42 Td (92,729) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Contingencies Environmental) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 86.43 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.20 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.41 460.25 Td (Company) Tj ET Q q 0 0 0 rg BT 152.07 460.25 Td (s ) Tj ET Q q 0 0 0 rg BT 157.96 460.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 217.71 460.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 256.91 460.25 Td (for ) Tj ET Q q 0 0 0 rg BT 270.56 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.77 460.25 Td (years ) Tj ET Q q 0 0 0 rg BT 307.86 460.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.29 460.25 Td (August ) Tj ET Q q 0 0 0 rg BT 364.17 460.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 378.67 460.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 400.66 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.09 460.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.09 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.08 460.25 Td (were ) Tj ET Q q 0 0 0 rg BT 460.50 460.25 Td (as ) Tj ET Q q 0 0 0 rg BT 470.82 460.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 502.81 460.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 515.91 460.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 408.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 408.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 408.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 408.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 408.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 408.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 408.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 408.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 408.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 408.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.50 380.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.50 380.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 380.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 380.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 380.75 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 380.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 380.75 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 380.75 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 380.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 380.75 40.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118.5 408.75 m 164.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 408.75 m 219.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 408.75 m 269.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 408.75 m 319.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 408.75 m 374.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 408.75 m 424.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 408.75 m 474.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 408.75 m 518.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 408.75 m 562.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118.5 408.75 m 164.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 408.75 m 219.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 408.75 m 269.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 408.75 m 374.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 408.75 m 424.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 408.75 m 474.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 408.75 m 518.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 408.75 m 562.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118.5 380.75 m 164.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 380.75 m 219.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 380.75 m 269.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 380.75 m 319.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 380.75 m 374.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 380.75 m 424.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 380.75 m 474.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 380.75 m 518.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 380.75 m 562.5 380.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 118.5 366.75 m 164.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 168.5 366.75 m 219.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 366.75 m 269.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 366.75 m 319.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 366.75 m 374.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 366.75 m 424.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 366.75 m 474.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 366.75 m 518.5 366.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 366.75 m 562.5 366.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 125.75 422.20 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.70 413.20 Td (8/31/2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 174.20 440.20 Td (Liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 171.20 431.20 Td (Established) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 172.35 422.20 Td (\(Released\),) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.75 413.20 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 227.25 422.20 Td (Payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.20 413.20 Td (and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.95 431.20 Td (Ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.75 422.20 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.70 413.20 Td (8/31/2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.20 440.20 Td (Liabilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.20 431.20 Td (Established) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.35 422.20 Td (\(Released\),) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.75 413.20 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.25 422.20 Td (Payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.20 413.20 Td (and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.95 431.20 Td (Ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.75 422.20 Td (Balance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.70 413.20 Td (8/31/2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.75 422.20 Td (Short-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.65 413.20 Td (Term) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.45 422.20 Td (Long-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.65 413.20 Td (Term) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 399.21 Td (AMR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.25 399.21 Td (47,961) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.15 399.21 Td (505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 399.21 Td (\(1,972) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 399.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.25 399.21 Td (46,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 399.21 Td (480) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 399.21 Td (\(852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 399.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 399.21 Td (46,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.75 399.21 Td (1,859) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.00 399.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 399.21 Td (44,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 385.21 Td (Corporate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.50 385.21 Td (388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 385.32 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.00 385.21 Td (\(89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 385.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.50 385.21 Td (299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 385.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.00 385.21 Td (\(71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 385.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 385.21 Td (228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.50 385.21 Td (108) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 385.21 Td (120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 371.21 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 121.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 136.25 371.21 Td (48,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.15 371.21 Td (505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 371.21 Td (\(2,061) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 371.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.25 371.21 Td (46,793) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 371.21 Td (480) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 371.21 Td (\(923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 371.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.25 371.21 Td (46,350) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.75 371.21 Td (1,967) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.00 371.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 371.21 Td (44,383) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 345.65 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.65 Td (As ) Tj ET Q q 0 0 0 rg BT 63.67 327.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.99 327.65 Td (August31, ) Tj ET Q q 0 0 0 rg BT 120.43 327.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.43 327.65 Td (, ) Tj ET Q q 0 0 0 rg BT 144.92 327.65 Td (AMR ) Tj ET Q q 0 0 0 rg BT 170.25 327.65 Td (had ) Tj ET Q q 0 0 0 rg BT 187.25 327.65 Td (environmental ) Tj ET Q q 0 0 0 rg BT 247.56 327.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 287.33 327.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.21 327.65 Td ($46 ) Tj ET Q q 0 0 0 rg BT 315.76 327.65 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 327.65 Td ( ) Tj ET Q q 0 0 0 rg BT 347.21 327.65 Td (for ) Tj ET Q q 0 0 0 rg BT 361.42 327.65 Td (the ) Tj ET Q q 0 0 0 rg BT 376.19 327.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 413.73 327.65 Td (remediation ) Tj ET Q q 0 0 0 rg BT 464.04 327.65 Td (of ) Tj ET Q q 0 0 0 rg BT 474.93 327.65 Td (locations ) Tj ET Q q 0 0 0 rg BT 513.58 327.65 Td (where ) Tj ET Q q 0 0 0 rg BT 540.56 327.65 Td (it ) Tj ET Q q 0 0 0 rg BT 548.67 327.65 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.65 Td (conducted ) Tj ET Q q 0 0 0 rg BT 93.59 315.65 Td (business ) Tj ET Q q 0 0 0 rg BT 129.99 315.65 Td (or ) Tj ET Q q 0 0 0 rg BT 140.82 315.65 Td (has ) Tj ET Q q 0 0 0 rg BT 156.65 315.65 Td (environmental ) Tj ET Q q 0 0 0 rg BT 216.90 315.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 256.62 315.65 Td (from ) Tj ET Q q 0 0 0 rg BT 278.56 315.65 Td (historical ) Tj ET Q q 0 0 0 rg BT 318.27 315.65 Td (or ) Tj ET Q q 0 0 0 rg BT 329.10 315.65 Td (recent ) Tj ET Q q 0 0 0 rg BT 356.03 315.65 Td (activities.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 293.3169921875 m 118.0615234375 293.3169921875 l s q 0 0 0 rg BT 50.00 294.65 Td (Portland Harbor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.65 Td (In ) Tj ET Q q 0 0 0 rg BT 62.70 276.65 Td (December ) Tj ET Q q 0 0 0 rg BT 108.14 276.65 Td (2000, ) Tj ET Q q 0 0 0 rg BT 135.01 276.65 Td (the ) Tj ET Q q 0 0 0 rg BT 151.59 276.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.84 276.65 Td (was ) Tj ET Q q 0 0 0 rg BT 214.76 276.65 Td (notified ) Tj ET Q q 0 0 0 rg BT 250.23 276.65 Td (by ) Tj ET Q q 0 0 0 rg BT 264.59 276.65 Td (the ) Tj ET Q q 0 0 0 rg BT 281.18 276.65 Td (United ) Tj ET Q q 0 0 0 rg BT 312.76 276.65 Td (States ) Tj ET Q q 0 0 0 rg BT 341.01 276.65 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 404.80 276.65 Td (Protection ) Tj ET Q q 0 0 0 rg BT 449.31 276.65 Td (Agency ) Tj ET Q q 0 0 0 rg BT 484.77 276.65 Td (\(EP) Tj ET Q q 0 0 0 rg BT 503.29 276.65 Td (A\) ) Tj ET Q q 0 0 0 rg BT 522.65 276.65 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 276.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.65 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 114.28 264.65 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 175.22 264.65 Td (Response, ) Tj ET Q q 0 0 0 rg BT 217.57 264.65 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 276.86 264.65 Td (and ) Tj ET Q q 0 0 0 rg BT 292.81 264.65 Td (Liability ) Tj ET Q q 0 0 0 rg BT 328.43 264.65 Td (Act ) Tj ET Q q 0 0 0 rg BT 344.38 264.65 Td (\(CERCLA\) ) Tj ET Q q 0 0 0 rg BT 400.88 264.65 Td (that ) Tj ET Q q 0 0 0 rg BT 417.39 264.65 Td (it ) Tj ET Q q 0 0 0 rg BT 424.47 264.65 Td (is ) Tj ET Q q 0 0 0 rg BT 432.65 264.65 Td (one ) Tj ET Q q 0 0 0 rg BT 448.60 264.65 Td (of ) Tj ET Q q 0 0 0 rg BT 458.45 264.65 Td (the ) Tj ET Q q 0 0 0 rg BT 472.18 264.65 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.46 264.65 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.67 252.65 Td (\(PRPs\) ) Tj ET Q q 0 0 0 rg BT 119.91 252.65 Td (that ) Tj ET Q q 0 0 0 rg BT 137.91 252.65 Td (own ) Tj ET Q q 0 0 0 rg BT 158.15 252.65 Td (or ) Tj ET Q q 0 0 0 rg BT 169.49 252.65 Td (operate ) Tj ET Q q 0 0 0 rg BT 201.93 252.65 Td (or ) Tj ET Q q 0 0 0 rg BT 213.28 252.65 Td (formerly ) Tj ET Q q 0 0 0 rg BT 251.28 252.65 Td (owned ) Tj ET Q q 0 0 0 rg BT 280.95 252.65 Td (or ) Tj ET Q q 0 0 0 rg BT 292.29 252.65 Td (operated ) Tj ET Q q 0 0 0 rg BT 329.73 252.65 Td (sites ) Tj ET Q q 0 0 0 rg BT 350.53 252.65 Td (which ) Tj ET Q q 0 0 0 rg BT 377.98 252.65 Td (are ) Tj ET Q q 0 0 0 rg BT 393.20 252.65 Td (part ) Tj ET Q q 0 0 0 rg BT 411.76 252.65 Td (of ) Tj ET Q q 0 0 0 rg BT 423.10 252.65 Td (or ) Tj ET Q q 0 0 0 rg BT 434.45 252.65 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 470.77 252.65 Td (to ) Tj ET Q q 0 0 0 rg BT 481.57 252.65 Td (the ) Tj ET Q q 0 0 0 rg BT 496.80 252.65 Td (Portland ) Tj ET Q q 0 0 0 rg BT 533.70 252.65 Td (Harbor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.65 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 94.17 240.65 Td (site ) Tj ET Q q 0 0 0 rg BT 110.56 240.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 128.61 240.65 Td (Site\). ) Tj ET Q q 0 0 0 rg BT 161.20 240.65 Td (The ) Tj ET Q q 0 0 0 rg BT 179.25 240.65 Td (precise ) Tj ET Q q 0 0 0 rg BT 210.08 240.65 Td (nature ) Tj ET Q q 0 0 0 rg BT 237.57 240.65 Td (and ) Tj ET Q q 0 0 0 rg BT 254.51 240.65 Td (extent ) Tj ET Q q 0 0 0 rg BT 281.45 240.65 Td (of ) Tj ET Q q 0 0 0 rg BT 292.29 240.65 Td (any ) Tj ET Q q 0 0 0 rg BT 309.23 240.65 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 342.83 240.65 Td (of ) Tj ET Q q 0 0 0 rg BT 353.67 240.65 Td (the ) Tj ET Q q 0 0 0 rg BT 368.39 240.65 Td (Site, ) Tj ET Q q 0 0 0 rg BT 388.96 240.65 Td (the ) Tj ET Q q 0 0 0 rg BT 403.68 240.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 432.84 240.65 Td (to ) Tj ET Q q 0 0 0 rg BT 443.13 240.65 Td (be ) Tj ET Q q 0 0 0 rg BT 455.07 240.65 Td (involved, ) Tj ET Q q 0 0 0 rg BT 495.07 240.65 Td (the ) Tj ET Q q 0 0 0 rg BT 509.80 240.65 Td (process ) Tj ET Q q 0 0 0 rg BT 542.29 240.65 Td (to ) Tj ET Q q 0 0 0 rg BT 552.58 240.65 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.65 Td (followed ) Tj ET Q q 0 0 0 rg BT 87.84 228.65 Td (for ) Tj ET Q q 0 0 0 rg BT 101.79 228.65 Td (any ) Tj ET Q q 0 0 0 rg BT 118.52 228.65 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 151.90 228.65 Td (and ) Tj ET Q q 0 0 0 rg BT 168.63 228.65 Td (the ) Tj ET Q q 0 0 0 rg BT 183.13 228.65 Td (allocation ) Tj ET Q q 0 0 0 rg BT 224.85 228.65 Td (of ) Tj ET Q q 0 0 0 rg BT 235.47 228.65 Td (the ) Tj ET Q q 0 0 0 rg BT 249.98 228.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 272.27 228.65 Td (for ) Tj ET Q q 0 0 0 rg BT 286.22 228.65 Td (any ) Tj ET Q q 0 0 0 rg BT 302.95 228.65 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 336.33 228.65 Td (among ) Tj ET Q q 0 0 0 rg BT 365.84 228.65 Td (responsible ) Tj ET Q q 0 0 0 rg BT 413.68 228.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 442.62 228.65 Td (have ) Tj ET Q q 0 0 0 rg BT 463.79 228.65 Td (not ) Tj ET Q q 0 0 0 rg BT 478.86 228.65 Td (yet ) Tj ET Q q 0 0 0 rg BT 493.36 228.65 Td (been ) Tj ET Q q 0 0 0 rg BT 514.53 228.65 Td (determined, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.65 Td (but ) Tj ET Q q 0 0 0 rg BT 66.12 216.65 Td (the ) Tj ET Q q 0 0 0 rg BT 81.69 216.65 Td (process ) Tj ET Q q 0 0 0 rg BT 115.02 216.65 Td (of ) Tj ET Q q 0 0 0 rg BT 126.70 216.65 Td (identifying ) Tj ET Q q 0 0 0 rg BT 173.93 216.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 217.26 216.65 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 242.30 216.65 Td (and ) Tj ET Q q 0 0 0 rg BT 260.08 216.65 Td (beginning ) Tj ET Q q 0 0 0 rg BT 303.42 216.65 Td (allocation ) Tj ET Q q 0 0 0 rg BT 346.20 216.65 Td (of ) Tj ET Q q 0 0 0 rg BT 357.87 216.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 381.22 216.65 Td (is ) Tj ET Q q 0 0 0 rg BT 391.23 216.65 Td (underway) Tj ET Q q 0 0 0 rg BT 430.01 216.65 Td (. ) Tj ET Q q 0 0 0 rg BT 435.86 216.65 Td (It ) Tj ET Q q 0 0 0 rg BT 445.31 216.65 Td (is ) Tj ET Q q 0 0 0 rg BT 455.33 216.65 Td (unclear ) Tj ET Q q 0 0 0 rg BT 488.10 216.65 Td (to ) Tj ET Q q 0 0 0 rg BT 499.23 216.65 Td (what ) Tj ET Q q 0 0 0 rg BT 522.01 216.65 Td (extent ) Tj ET Q q 0 0 0 rg BT 549.79 216.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.51 204.65 Td (will ) Tj ET Q q 0 0 0 rg BT 109.68 204.65 Td (be ) Tj ET Q q 0 0 0 rg BT 121.74 204.65 Td (liable ) Tj ET Q q 0 0 0 rg BT 146.57 204.65 Td (for ) Tj ET Q q 0 0 0 rg BT 160.85 204.65 Td (environmental ) Tj ET Q q 0 0 0 rg BT 221.23 204.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.85 204.65 Td (or ) Tj ET Q q 0 0 0 rg BT 254.80 204.65 Td (natural ) Tj ET Q q 0 0 0 rg BT 285.18 204.65 Td (resource ) Tj ET Q q 0 0 0 rg BT 321.67 204.65 Td (damage ) Tj ET Q q 0 0 0 rg BT 355.38 204.65 Td (claims ) Tj ET Q q 0 0 0 rg BT 384.11 204.65 Td (or ) Tj ET Q q 0 0 0 rg BT 395.06 204.65 Td (third ) Tj ET Q q 0 0 0 rg BT 416.56 204.65 Td (party ) Tj ET Q q 0 0 0 rg BT 439.73 204.65 Td (contribution ) Tj ET Q q 0 0 0 rg BT 491.23 204.65 Td (or ) Tj ET Q q 0 0 0 rg BT 502.18 204.65 Td (damage ) Tj ET Q q 0 0 0 rg BT 535.89 204.65 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.65 Td (with ) Tj ET Q q 0 0 0 rg BT 70.73 192.65 Td (respect ) Tj ET Q q 0 0 0 rg BT 102.00 192.65 Td (to ) Tj ET Q q 0 0 0 rg BT 112.72 192.65 Td (the ) Tj ET Q q 0 0 0 rg BT 127.89 192.65 Td (Site. ) Tj ET Q q 0 0 0 rg BT 148.69 192.65 Td (While ) Tj ET Q q 0 0 0 rg BT 176.07 192.65 Td (the ) Tj ET Q q 0 0 0 rg BT 191.24 192.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.07 192.65 Td (participated ) Tj ET Q q 0 0 0 rg BT 283.22 192.65 Td (in ) Tj ET Q q 0 0 0 rg BT 293.95 192.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 324.10 192.65 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 373.71 192.65 Td (Site ) Tj ET Q q 0 0 0 rg BT 392.21 192.65 Td (study ) Tj ET Q q 0 0 0 rg BT 416.83 192.65 Td (ef) Tj ET Q q 0 0 0 rg BT 424.42 192.65 Td (forts, ) Tj ET Q q 0 0 0 rg BT 448.20 192.65 Td (it ) Tj ET Q q 0 0 0 rg BT 456.71 192.65 Td (is ) Tj ET Q q 0 0 0 rg BT 466.33 192.65 Td (not ) Tj ET Q q 0 0 0 rg BT 482.06 192.65 Td (party ) Tj ET Q q 0 0 0 rg BT 505.56 192.65 Td (to ) Tj ET Q q 0 0 0 rg BT 516.29 192.65 Td (the ) Tj ET Q q 0 0 0 rg BT 531.45 192.65 Td (consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.65 Td (order ) Tj ET Q q 0 0 0 rg BT 74.16 180.65 Td (entered ) Tj ET Q q 0 0 0 rg BT 106.64 180.65 Td (into ) Tj ET Q q 0 0 0 rg BT 125.25 180.65 Td (by ) Tj ET Q q 0 0 0 rg BT 138.31 180.65 Td (the ) Tj ET Q q 0 0 0 rg BT 153.58 180.65 Td (EP) Tj ET Q q 0 0 0 rg BT 164.33 180.65 Td (A) Tj ET Q q 0 0 0 rg BT 171.00 180.65 Td ( ) Tj ET Q q 0 0 0 rg BT 174.06 180.65 Td (with ) Tj ET Q q 0 0 0 rg BT 194.89 180.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 225.15 180.65 Td (other ) Tj ET Q q 0 0 0 rg BT 248.75 180.65 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 276.00 180.65 Td (referred ) Tj ET Q q 0 0 0 rg BT 310.69 180.65 Td (to ) Tj ET Q q 0 0 0 rg BT 321.52 180.65 Td (as ) Tj ET Q q 0 0 0 rg BT 332.91 180.65 Td (the ) Tj ET Q q 0 0 0 rg BT 348.18 180.65 Td (Lower ) Tj ET Q q 0 0 0 rg BT 381.56 180.65 Td (W) Tj ET Q q 0 0 0 rg BT 390.59 180.65 Td (illamette ) Tj ET Q q 0 0 0 rg BT 428.64 180.65 Td (Group ) Tj ET Q q 0 0 0 rg BT 461.68 180.65 Td (\(L) Tj ET Q q 0 0 0 rg BT 474.82 180.65 Td (WG\), ) Tj ET Q q 0 0 0 rg BT 504.80 180.65 Td (for ) Tj ET Q q 0 0 0 rg BT 519.52 180.65 Td (a ) Tj ET Q q 0 0 0 rg BT 527.02 180.65 Td (remedial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.65 Td (investigation/feasibility ) Tj ET Q q 0 0 0 rg BT 146.93 168.65 Td (study ) Tj ET Q q 0 0 0 rg BT 171.10 168.65 Td (\(RI/FS\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.65 Td (During ) Tj ET Q q 0 0 0 rg BT 80.10 147.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 103.53 147.65 Td (2007, ) Tj ET Q q 0 0 0 rg BT 127.80 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 141.78 147.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.44 147.65 Td (and ) Tj ET Q q 0 0 0 rg BT 198.65 147.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 227.62 147.65 Td (other ) Tj ET Q q 0 0 0 rg BT 249.94 147.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 278.36 147.65 Td (agreed ) Tj ET Q q 0 0 0 rg BT 306.78 147.65 Td (to ) Tj ET Q q 0 0 0 rg BT 316.33 147.65 Td (an ) Tj ET Q q 0 0 0 rg BT 327.53 147.65 Td (interim ) Tj ET Q q 0 0 0 rg BT 358.19 147.65 Td (settlement ) Tj ET Q q 0 0 0 rg BT 401.05 147.65 Td (with ) Tj ET Q q 0 0 0 rg BT 420.60 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 434.59 147.65 Td (L) Tj ET Q q 0 0 0 rg BT 439.96 147.65 Td (WG ) Tj ET Q q 0 0 0 rg BT 458.39 147.65 Td (under ) Tj ET Q q 0 0 0 rg BT 482.92 147.65 Td (which ) Tj ET Q q 0 0 0 rg BT 509.13 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 147.65 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.65 Td (made ) Tj ET Q q 0 0 0 rg BT 74.39 135.65 Td (a ) Tj ET Q q 0 0 0 rg BT 81.56 135.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 102.06 135.65 Td (contribution ) Tj ET Q q 0 0 0 rg BT 153.67 135.65 Td (to ) Tj ET Q q 0 0 0 rg BT 164.18 135.65 Td (the ) Tj ET Q q 0 0 0 rg BT 179.13 135.65 Td (L) Tj ET Q q 0 0 0 rg BT 184.50 135.65 Td (WG ) Tj ET Q q 0 0 0 rg BT 203.89 135.65 Td (RI/FS. ) Tj ET Q q 0 0 0 rg BT 232.83 135.65 Td (The ) Tj ET Q q 0 0 0 rg BT 251.10 135.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.72 135.65 Td (has ) Tj ET Q q 0 0 0 rg BT 308.78 135.65 Td (also ) Tj ET Q q 0 0 0 rg BT 327.63 135.65 Td (joined ) Tj ET Q q 0 0 0 rg BT 355.35 135.65 Td (with ) Tj ET Q q 0 0 0 rg BT 375.86 135.65 Td (more ) Tj ET Q q 0 0 0 rg BT 399.14 135.65 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.09 135.65 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.09 135.65 Td ( ) Tj ET Q q 0 0 0 rg BT 431.82 135.65 Td (other ) Tj ET Q q 0 0 0 rg BT 455.10 135.65 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 482.02 135.65 Td (including ) Tj ET Q q 0 0 0 rg BT 522.52 135.65 Td (the ) Tj ET Q q 0 0 0 rg BT 537.47 135.65 Td (L) Tj ET Q q 0 0 0 rg BT 542.84 135.65 Td (WG, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.65 Td (in ) Tj ET Q q 0 0 0 rg BT 59.66 123.65 Td (a ) Tj ET Q q 0 0 0 rg BT 65.99 123.65 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 106.20 123.65 Td (process ) Tj ET Q q 0 0 0 rg BT 138.08 123.65 Td (to ) Tj ET Q q 0 0 0 rg BT 147.74 123.65 Td (establish ) Tj ET Q q 0 0 0 rg BT 184.62 123.65 Td (an ) Tj ET Q q 0 0 0 rg BT 195.95 123.65 Td (allocation ) Tj ET Q q 0 0 0 rg BT 237.26 123.65 Td (of ) Tj ET Q q 0 0 0 rg BT 247.48 123.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 269.37 123.65 Td (at ) Tj ET Q q 0 0 0 rg BT 278.47 123.65 Td (the ) Tj ET Q q 0 0 0 rg BT 292.57 123.65 Td (Site. ) Tj ET Q q 0 0 0 rg BT 312.38 123.65 Td (These ) Tj ET Q q 0 0 0 rg BT 338.14 123.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 366.68 123.65 Td (have ) Tj ET Q q 0 0 0 rg BT 387.45 123.65 Td (selected ) Tj ET Q q 0 0 0 rg BT 421.53 123.65 Td (an ) Tj ET Q q 0 0 0 rg BT 432.86 123.65 Td (allocation ) Tj ET Q q 0 0 0 rg BT 474.17 123.65 Td (team ) Tj ET Q q 0 0 0 rg BT 495.49 123.65 Td (and ) Tj ET Q q 0 0 0 rg BT 511.82 123.65 Td (have ) Tj ET Q q 0 0 0 rg BT 532.58 123.65 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.65 Td (into ) Tj ET Q q 0 0 0 rg BT 67.22 111.65 Td (an ) Tj ET Q q 0 0 0 rg BT 78.33 111.65 Td (allocation ) Tj ET Q q 0 0 0 rg BT 119.42 111.65 Td (process ) Tj ET Q q 0 0 0 rg BT 151.08 111.65 Td (design ) Tj ET Q q 0 0 0 rg BT 178.85 111.65 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 224.54 111.65 Td (The ) Tj ET Q q 0 0 0 rg BT 241.75 111.65 Td (L) Tj ET Q q 0 0 0 rg BT 247.12 111.65 Td (WG ) Tj ET Q q 0 0 0 rg BT 265.45 111.65 Td (has ) Tj ET Q q 0 0 0 rg BT 280.44 111.65 Td (also ) Tj ET Q q 0 0 0 rg BT 298.22 111.65 Td (commenced ) Tj ET Q q 0 0 0 rg BT 348.20 111.65 Td (federal ) Tj ET Q q 0 0 0 rg BT 377.62 111.65 Td (court ) Tj ET Q q 0 0 0 rg BT 399.83 111.65 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 440.10 111.65 Td (which ) Tj ET Q q 0 0 0 rg BT 466.21 111.65 Td (has ) Tj ET Q q 0 0 0 rg BT 481.21 111.65 Td (been ) Tj ET Q q 0 0 0 rg BT 501.75 111.65 Td (stayed, ) Tj ET Q q 0 0 0 rg BT 531.46 111.65 Td (seeking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.65 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 99.65 Td (bring ) Tj ET Q q 0 0 0 rg BT 83.89 99.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 126.38 99.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 155.53 99.65 Td (into ) Tj ET Q q 0 0 0 rg BT 173.59 99.65 Td (the ) Tj ET Q q 0 0 0 rg BT 188.31 99.65 Td (allocation ) Tj ET Q q 0 0 0 rg BT 230.23 99.65 Td (process.) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (76) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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0 0 rg BT 422.44 662.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 464.79 662.10 Td (study ) Tj ET Q q 0 0 0 rg BT 488.82 662.10 Td (\(FS\) ) Tj ET Q q 0 0 0 rg BT 517.85 662.10 Td (for ) Tj ET Q q 0 0 0 rg BT 531.87 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.45 662.10 Td (Site ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.04 650.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.32 650.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.35 650.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.57 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.84 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.12 650.10 Td (years ) Tj ET Q q 0 0 0 rg BT 187.49 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.09 650.10 Td (work ) Tj ET Q q 0 0 0 rg BT 220.92 650.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.63 650.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 259.91 650.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.80 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 199.78 626.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 228.06 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.02 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.53 626.10 Td (least ) Tj ET Q q 0 0 0 rg BT 280.16 626.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 307.34 626.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 352.84 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.91 626.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.97 626.10 Td ($1.08 ) Tj ET Q q 0 0 0 rg BT 450.77 626.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.88 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.18 626.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.26 626.10 Td ($1.76 ) Tj ET Q q 0 0 0 rg BT 517.06 626.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.17 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.47 626.10 Td (\(net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (present ) Tj ET Q q 0 0 0 rg BT 81.00 614.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 108.12 614.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.91 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.25 614.10 Td (most ) Tj ET Q q 0 0 0 rg BT 157.83 614.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 183.84 614.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 228.17 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.73 614.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 285.18 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.75 614.10 Td (range ) Tj ET Q q 0 0 0 rg BT 316.08 614.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.54 614.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.54 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.67 614.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.58 614.10 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.58 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.70 614.10 Td (years ) Tj ET Q q 0 0 0 rg BT 388.93 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.84 614.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 443.73 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.08 614.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 495.19 614.10 Td (work, ) Tj ET Q q 0 0 0 rg BT 520.37 614.10 Td (depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.90 Td (on ) Tj ET Q q 0 0 0 rg BT 62.17 600.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.56 600.90 Td (selected ) Tj ET Q q 0 0 0 rg BT 110.93 600.90 Td (alternative.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 155.63 600.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.02 600.90 Td (However) Tj ET Q q 0 0 0 rg BT 194.27 600.90 Td (, ) Tj ET Q q 0 0 0 rg BT 198.94 600.90 Td (the ) Tj ET Q q 0 0 0 rg BT 213.32 600.90 Td (EP) Tj ET Q q 0 0 0 rg BT 224.07 600.90 Td (A) Tj ET Q q 0 0 0 rg BT 230.74 600.90 Td ( ) Tj ET Q q 0 0 0 rg BT 232.92 600.90 Td (lar) Tj ET Q q 0 0 0 rg BT 243.28 600.90 Td (gely ) Tj ET Q q 0 0 0 rg BT 262.67 600.90 Td (rejected ) Tj ET Q q 0 0 0 rg BT 296.48 600.90 Td (this ) Tj ET Q q 0 0 0 rg BT 313.10 600.90 Td (draft ) Tj ET Q q 0 0 0 rg BT 334.15 600.90 Td (FS, ) Tj ET Q q 0 0 0 rg BT 349.94 600.90 Td (and ) Tj ET Q q 0 0 0 rg BT 366.55 600.90 Td (took ) Tj ET Q q 0 0 0 rg BT 386.50 600.90 Td (over ) Tj ET Q q 0 0 0 rg BT 406.44 600.90 Td (the ) Tj ET Q q 0 0 0 rg BT 420.82 600.90 Td (drafting ) Tj ET Q q 0 0 0 rg BT 454.65 600.90 Td (process. ) Tj ET Q q 0 0 0 rg BT 489.15 600.90 Td (The ) Tj ET Q q 0 0 0 rg BT 506.87 600.90 Td (EP) Tj ET Q q 0 0 0 rg BT 517.62 600.90 Td (A) Tj ET Q q 0 0 0 rg BT 524.29 600.90 Td ( ) Tj ET Q q 0 0 0 rg BT 526.46 600.90 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.90 Td (their ) Tj ET Q q 0 0 0 rg BT 71.10 588.90 Td (revised ) Tj ET Q q 0 0 0 rg BT 102.75 588.90 Td (draft ) Tj ET Q q 0 0 0 rg BT 124.40 588.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 138.29 588.90 Td (to ) Tj ET Q q 0 0 0 rg BT 148.84 588.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.83 588.90 Td (L) Tj ET Q q 0 0 0 rg BT 169.20 588.90 Td (WG ) Tj ET Q q 0 0 0 rg BT 188.63 588.90 Td (and ) Tj ET Q q 0 0 0 rg BT 205.84 588.90 Td (other ) Tj ET Q q 0 0 0 rg BT 229.16 588.90 Td (key ) Tj ET Q q 0 0 0 rg BT 246.37 588.90 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 299.13 588.90 Td (in ) Tj ET Q q 0 0 0 rg BT 309.68 588.90 Td (sections, ) Tj ET Q q 0 0 0 rg BT 347.17 588.90 Td (with ) Tj ET Q q 0 0 0 rg BT 367.72 588.90 Td (the ) Tj ET Q q 0 0 0 rg BT 382.71 588.90 Td (final ) Tj ET Q q 0 0 0 rg BT 403.81 588.90 Td (section ) Tj ET Q q 0 0 0 rg BT 434.91 588.90 Td (being ) Tj ET Q q 0 0 0 rg BT 459.89 588.90 Td (made ) Tj ET Q q 0 0 0 rg BT 484.32 588.90 Td (available ) Tj ET Q q 0 0 0 rg BT 523.18 588.90 Td (in ) Tj ET Q q 0 0 0 rg BT 533.12 588.90 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.49 576.90 Td (The ) Tj ET Q q 0 0 0 rg BT 92.18 576.90 Td (revised ) Tj ET Q q 0 0 0 rg BT 123.21 576.90 Td (draft ) Tj ET Q q 0 0 0 rg BT 144.23 576.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 157.50 576.90 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.96 576.90 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.51 576.90 Td ( ) Tj ET Q q 0 0 0 rg BT 215.66 576.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 250.58 576.90 Td (remedial ) Tj ET Q q 0 0 0 rg BT 287.71 576.90 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 335.94 576.90 Td (which ) Tj ET Q q 0 0 0 rg BT 362.53 576.90 Td (ranged ) Tj ET Q q 0 0 0 rg BT 391.88 576.90 Td (in ) Tj ET Q q 0 0 0 rg BT 401.81 576.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 442.27 576.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 460.53 576.90 Td (from ) Tj ET Q q 0 0 0 rg BT 482.11 576.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.02 576.90 Td ($550 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 564.90 Td ( ) Tj ET Q q 0 0 0 rg BT 80.59 564.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.08 564.90 Td ($1.19 ) Tj ET Q q 0 0 0 rg BT 114.28 564.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.39 564.90 Td ( ) Tj ET Q q 0 0 0 rg BT 142.10 564.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 159.35 564.90 Td (present ) Tj ET Q q 0 0 0 rg BT 189.93 564.90 Td (value\) ) Tj ET Q q 0 0 0 rg BT 216.61 564.90 Td (for ) Tj ET Q q 0 0 0 rg BT 229.98 564.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.90 564.90 Td (least ) Tj ET Q q 0 0 0 rg BT 263.93 564.90 Td (costly ) Tj ET Q q 0 0 0 rg BT 289.52 564.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 333.42 564.90 Td (to ) Tj ET Q q 0 0 0 rg BT 342.90 564.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.36 564.90 Td ($1.71 ) Tj ET Q q 0 0 0 rg BT 426.56 564.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.68 564.90 Td ( ) Tj ET Q q 0 0 0 rg BT 454.38 564.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.86 564.90 Td ($3.67 ) Tj ET Q q 0 0 0 rg BT 488.06 564.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.18 564.90 Td ( ) Tj ET Q q 0 0 0 rg BT 515.88 564.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 533.13 564.90 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.90 Td (value\) ) Tj ET Q q 0 0 0 rg BT 77.24 552.90 Td (for ) Tj ET Q q 0 0 0 rg BT 91.16 552.90 Td (the ) Tj ET Q q 0 0 0 rg BT 105.64 552.90 Td (most ) Tj ET Q q 0 0 0 rg BT 127.34 552.90 Td (costly ) Tj ET Q q 0 0 0 rg BT 153.49 552.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 197.94 552.90 Td (and ) Tj ET Q q 0 0 0 rg BT 214.64 552.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 255.22 552.90 Td (a ) Tj ET Q q 0 0 0 rg BT 261.92 552.90 Td (range ) Tj ET Q q 0 0 0 rg BT 286.38 552.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.97 552.90 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.63 552.90 Td ( ) Tj ET Q q 0 0 0 rg BT 315.89 552.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.93 552.90 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.93 552.90 Td ( ) Tj ET Q q 0 0 0 rg BT 338.18 552.90 Td (years ) Tj ET Q q 0 0 0 rg BT 361.54 552.90 Td (to ) Tj ET Q q 0 0 0 rg BT 371.58 552.90 Td (implement ) Tj ET Q q 0 0 0 rg BT 416.60 552.90 Td (the ) Tj ET Q q 0 0 0 rg BT 431.08 552.90 Td (remedial ) Tj ET Q q 0 0 0 rg BT 468.32 552.90 Td (work, ) Tj ET Q q 0 0 0 rg BT 493.63 552.90 Td (depending ) Tj ET Q q 0 0 0 rg BT 537.54 552.90 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 552.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.90 Td (selected ) Tj ET Q q 0 0 0 rg BT 84.70 540.90 Td (alternative. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.90 Td (In ) Tj ET Q q 0 0 0 rg BT 60.61 519.90 Td (November ) Tj ET Q q 0 0 0 rg BT 105.10 519.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 129.88 519.90 Td (EP) Tj ET Q q 0 0 0 rg BT 140.63 519.90 Td (A) Tj ET Q q 0 0 0 rg BT 147.30 519.90 Td ( ) Tj ET Q q 0 0 0 rg BT 149.59 519.90 Td (Region ) Tj ET Q q 0 0 0 rg BT 180.75 519.90 Td (10 ) Tj ET Q q 0 0 0 rg BT 193.04 519.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 233.63 519.90 Td (its ) Tj ET Q q 0 0 0 rg BT 245.36 519.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 284.28 519.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 328.76 519.90 Td (remedy ) Tj ET Q q 0 0 0 rg BT 361.03 519.90 Td (to ) Tj ET Q q 0 0 0 rg BT 371.09 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 385.59 519.90 Td (National ) Tj ET Q q 0 0 0 rg BT 422.30 519.90 Td (Remedy ) Tj ET Q q 0 0 0 rg BT 457.91 519.90 Td (Review ) Tj ET Q q 0 0 0 rg BT 490.74 519.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 517.46 519.90 Td (\("NRRB"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.90 Td (a ) Tj ET Q q 0 0 0 rg BT 56.47 507.90 Td (peer ) Tj ET Q q 0 0 0 rg BT 75.71 507.90 Td (review ) Tj ET Q q 0 0 0 rg BT 104.95 507.90 Td (group ) Tj ET Q q 0 0 0 rg BT 130.32 507.90 Td (that ) Tj ET Q q 0 0 0 rg BT 147.35 507.90 Td (has ) Tj ET Q q 0 0 0 rg BT 162.71 507.90 Td (been ) Tj ET Q q 0 0 0 rg BT 183.62 507.90 Td (established ) Tj ET Q q 0 0 0 rg BT 230.09 507.90 Td (to ) Tj ET Q q 0 0 0 rg BT 239.90 507.90 Td (review ) Tj ET Q q 0 0 0 rg BT 269.14 507.90 Td (proposed ) Tj ET Q q 0 0 0 rg BT 307.83 507.90 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 351.53 507.90 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 384.66 507.90 Td (decisions ) Tj ET Q q 0 0 0 rg BT 423.91 507.90 Td (for ) Tj ET Q q 0 0 0 rg BT 437.60 507.90 Td (consistency ) Tj ET Q q 0 0 0 rg BT 486.29 507.90 Td (with ) Tj ET Q q 0 0 0 rg BT 506.10 507.90 Td (the ) Tj ET Q q 0 0 0 rg BT 520.35 507.90 Td (Superfund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.90 Td (statute, ) Tj ET Q q 0 0 0 rg BT 81.26 495.90 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 130.85 495.90 Td (and ) Tj ET Q q 0 0 0 rg BT 147.94 495.90 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 189.19 495.90 Td (EP) Tj ET Q q 0 0 0 rg BT 199.94 495.90 Td (A) Tj ET Q q 0 0 0 rg BT 206.61 495.90 Td ( ) Tj ET Q q 0 0 0 rg BT 209.27 495.90 Td (Region ) Tj ET Q q 0 0 0 rg BT 240.81 495.90 Td (10) Tj ET Q q 0 0 0 rg BT 253.59 495.90 Td (s ) Tj ET Q q 0 0 0 rg BT 260.13 495.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 299.43 495.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 344.28 495.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 385.25 495.90 Td (to ) Tj ET Q q 0 0 0 rg BT 395.68 495.90 Td (the ) Tj ET Q q 0 0 0 rg BT 410.55 495.90 Td (NRRB ) Tj ET Q q 0 0 0 rg BT 440.44 495.90 Td (was ) Tj ET Q q 0 0 0 rg BT 458.65 495.90 Td (a ) Tj ET Q q 0 0 0 rg BT 465.74 495.90 Td (modified ) Tj ET Q q 0 0 0 rg BT 504.50 495.90 Td (version ) Tj ET Q q 0 0 0 rg BT 536.59 495.90 Td (of ) Tj ET Q q 0 0 0 rg BT 547.58 495.90 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 483.90 Td (the ) Tj ET Q q 0 0 0 rg BT 75.77 483.90 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 124.47 483.90 Td (\(Alternative ) Tj ET Q q 0 0 0 rg BT 175.40 483.90 Td (E\) ) Tj ET Q q 0 0 0 rg BT 187.45 483.90 Td (in ) Tj ET Q q 0 0 0 rg BT 197.84 483.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 483.90 Td (revised ) Tj ET Q q 0 0 0 rg BT 244.16 483.90 Td (draft ) Tj ET Q q 0 0 0 rg BT 265.64 483.90 Td (FS, ) Tj ET Q q 0 0 0 rg BT 281.88 483.90 Td (and ) Tj ET Q q 0 0 0 rg BT 298.93 483.90 Td (EP) Tj ET Q q 0 0 0 rg BT 309.68 483.90 Td (A) Tj ET Q q 0 0 0 rg BT 316.35 483.90 Td ( ) Tj ET Q q 0 0 0 rg BT 318.96 483.90 Td (Region ) Tj ET Q q 0 0 0 rg BT 350.46 483.90 Td (10 ) Tj ET Q q 0 0 0 rg BT 363.08 483.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 404.01 483.90 Td (that ) Tj ET Q q 0 0 0 rg BT 421.62 483.90 Td (its ) Tj ET Q q 0 0 0 rg BT 433.68 483.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 472.92 483.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 517.73 483.90 Td (would ) Tj ET Q q 0 0 0 rg BT 545.35 483.90 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.90 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.77 471.90 Td ( ) Tj ET Q q 0 0 0 rg BT 75.27 471.90 Td (years ) Tj ET Q q 0 0 0 rg BT 98.87 471.90 Td (to ) Tj ET Q q 0 0 0 rg BT 109.15 471.90 Td (implement, ) Tj ET Q q 0 0 0 rg BT 156.91 471.90 Td (with ) Tj ET Q q 0 0 0 rg BT 177.19 471.90 Td (an ) Tj ET Q q 0 0 0 rg BT 189.13 471.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 229.95 471.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 248.56 471.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.39 471.90 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 279.39 471.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 471.90 Td ( ) Tj ET Q q 0 0 0 rg BT 308.00 471.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 326.05 471.90 Td (present ) Tj ET Q q 0 0 0 rg BT 357.43 471.90 Td (value\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.90 Td (In ) Tj ET Q q 0 0 0 rg BT 60.96 450.90 Td (June ) Tj ET Q q 0 0 0 rg BT 81.92 450.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 107.05 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 121.89 450.90 Td (EP) Tj ET Q q 0 0 0 rg BT 132.64 450.90 Td (A) Tj ET Q q 0 0 0 rg BT 139.31 450.90 Td ( ) Tj ET Q q 0 0 0 rg BT 141.94 450.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 169.57 450.90 Td (its ) Tj ET Q q 0 0 0 rg BT 181.65 450.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 221.50 450.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 241.90 450.90 Td (for ) Tj ET Q q 0 0 0 rg BT 256.19 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 450.90 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 304.76 450.90 Td (of ) Tj ET Q q 0 0 0 rg BT 315.72 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.56 450.90 Td (in-river ) Tj ET Q q 0 0 0 rg BT 363.18 450.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 394.69 450.90 Td (of ) Tj ET Q q 0 0 0 rg BT 405.65 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 420.50 450.90 Td (Site. ) Tj ET Q q 0 0 0 rg BT 441.18 450.90 Td (In ) Tj ET Q q 0 0 0 rg BT 452.14 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.98 450.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 506.83 450.90 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 529.74 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 544.59 450.90 Td (EP) Tj ET Q q 0 0 0 rg BT 555.34 450.90 Td (A) Tj ET Q q 0 0 0 rg BT 562.01 450.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 90.59 438.90 Td (its ) Tj ET Q q 0 0 0 rg BT 102.31 438.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 141.22 438.90 Td (alternative, ) Tj ET Q q 0 0 0 rg BT 188.19 438.90 Td (which ) Tj ET Q q 0 0 0 rg BT 214.90 438.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 250.50 438.90 Td (a ) Tj ET Q q 0 0 0 rg BT 257.21 438.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 309.48 438.90 Td (of ) Tj ET Q q 0 0 0 rg BT 320.08 438.90 Td (dredging, ) Tj ET Q q 0 0 0 rg BT 360.40 438.90 Td (capping, ) Tj ET Q q 0 0 0 rg BT 396.83 438.90 Td (and ) Tj ET Q q 0 0 0 rg BT 413.54 438.90 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 453.57 438.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 483.60 438.90 Td (recovery ) Tj ET Q q 0 0 0 rg BT 520.85 438.90 Td (and ) Tj ET Q q 0 0 0 rg BT 537.56 438.90 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.90 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 426.90 Td (EP) Tj ET Q q 0 0 0 rg BT 75.52 426.90 Td (A) Tj ET Q q 0 0 0 rg BT 82.19 426.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.73 426.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 124.49 426.90 Td (will ) Tj ET Q q 0 0 0 rg BT 142.60 426.90 Td (take ) Tj ET Q q 0 0 0 rg BT 161.80 426.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.11 426.90 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.88 426.90 Td ( ) Tj ET Q q 0 0 0 rg BT 247.42 426.90 Td (years ) Tj ET Q q 0 0 0 rg BT 271.07 426.90 Td (to ) Tj ET Q q 0 0 0 rg BT 281.40 426.90 Td (construct ) Tj ET Q q 0 0 0 rg BT 320.60 426.90 Td (with ) Tj ET Q q 0 0 0 rg BT 340.93 426.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 383.46 426.90 Td (time ) Tj ET Q q 0 0 0 rg BT 403.79 426.90 Td (for ) Tj ET Q q 0 0 0 rg BT 417.99 426.90 Td (monitored ) Tj ET Q q 0 0 0 rg BT 461.65 426.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 491.96 426.90 Td (recovery ) Tj ET Q q 0 0 0 rg BT 529.48 426.90 Td (to ) Tj ET Q q 0 0 0 rg BT 539.81 426.90 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 414.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.86 414.90 Td (an ) Tj ET Q q 0 0 0 rg BT 96.45 414.90 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.92 414.90 Td ($746 ) Tj ET Q q 0 0 0 rg BT 159.08 414.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.97 414.90 Td ( ) Tj ET Q q 0 0 0 rg BT 190.13 414.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 207.83 414.90 Td (present ) Tj ET Q q 0 0 0 rg BT 238.86 414.90 Td (value\).) Tj ET Q q 0 0 0 rg BT 268.66 414.90 Td (This ) Tj ET Q q 0 0 0 rg BT 288.60 414.90 Td (is ) Tj ET Q q 0 0 0 rg BT 297.42 414.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 357.34 414.90 Td (half ) Tj ET Q q 0 0 0 rg BT 375.04 414.90 Td (of ) Tj ET Q q 0 0 0 rg BT 385.52 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 399.89 414.90 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.37 414.90 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 460.02 414.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.14 414.90 Td ( ) Tj ET Q q 0 0 0 rg BT 488.29 414.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 505.99 414.90 Td (present ) Tj ET Q q 0 0 0 rg BT 537.02 414.90 Td (value\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.48 402.90 Td (of ) Tj ET Q q 0 0 0 rg BT 79.18 402.90 Td (the ) Tj ET Q q 0 0 0 rg BT 93.77 402.90 Td (very ) Tj ET Q q 0 0 0 rg BT 113.91 402.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 144.06 402.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 183.07 402.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 227.63 402.90 Td (that ) Tj ET Q q 0 0 0 rg BT 245.00 402.90 Td (EP) Tj ET Q q 0 0 0 rg BT 255.75 402.90 Td (A) Tj ET Q q 0 0 0 rg BT 262.42 402.90 Td ( ) Tj ET Q q 0 0 0 rg BT 264.80 402.90 Td (Region ) Tj ET Q q 0 0 0 rg BT 296.05 402.90 Td (10 ) Tj ET Q q 0 0 0 rg BT 308.43 402.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 349.11 402.90 Td (in ) Tj ET Q q 0 0 0 rg BT 359.26 402.90 Td (November ) Tj ET Q q 0 0 0 rg BT 403.84 402.90 Td (2015.) Tj ET Q q 0 0 0 rg BT 428.66 402.90 Td (The ) Tj ET Q q 0 0 0 rg BT 446.58 402.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 486.18 402.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 506.33 402.90 Td (also ) Tj ET Q q 0 0 0 rg BT 524.81 402.90 Td (describes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.90 Td (other ) Tj ET Q q 0 0 0 rg BT 73.39 390.90 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 122.32 390.90 Td (that ) Tj ET Q q 0 0 0 rg BT 140.16 390.90 Td (were ) Tj ET Q q 0 0 0 rg BT 162.43 390.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 208.58 390.90 Td (and ) Tj ET Q q 0 0 0 rg BT 225.86 390.90 Td (the ) Tj ET Q q 0 0 0 rg BT 240.92 390.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 272.08 390.90 Td (the ) Tj ET Q q 0 0 0 rg BT 287.13 390.90 Td (EP) Tj ET Q q 0 0 0 rg BT 297.89 390.90 Td (A) Tj ET Q q 0 0 0 rg BT 304.56 390.90 Td ( ) Tj ET Q q 0 0 0 rg BT 307.40 390.90 Td (used ) Tj ET Q q 0 0 0 rg BT 328.57 390.90 Td (to ) Tj ET Q q 0 0 0 rg BT 339.19 390.90 Td (compare ) Tj ET Q q 0 0 0 rg BT 376.46 390.90 Td (the ) Tj ET Q q 0 0 0 rg BT 391.51 390.90 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 442.94 390.90 Td (including ) Tj ET Q q 0 0 0 rg BT 483.56 390.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.72 390.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 547.56 390.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.90 Td (construction ) Tj ET Q q 0 0 0 rg BT 102.25 378.90 Td (timelines. ) Tj ET Q q 0 0 0 rg BT 144.22 378.90 Td (In ) Tj ET Q q 0 0 0 rg BT 155.36 378.90 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 205.38 378.90 Td (with ) Tj ET Q q 0 0 0 rg BT 225.97 378.90 Td (the ) Tj ET Q q 0 0 0 rg BT 241.00 378.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 281.03 378.90 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 304.12 378.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.15 378.90 Td (EP) Tj ET Q q 0 0 0 rg BT 329.90 378.90 Td (A) Tj ET Q q 0 0 0 rg BT 336.57 378.90 Td ( ) Tj ET Q q 0 0 0 rg BT 339.38 378.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 367.20 378.90 Td (its ) Tj ET Q q 0 0 0 rg BT 379.46 378.90 Td (final ) Tj ET Q q 0 0 0 rg BT 400.59 378.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 414.53 378.90 Td (in ) Tj ET Q q 0 0 0 rg BT 425.12 378.90 Td (June ) Tj ET Q q 0 0 0 rg BT 446.26 378.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 471.37 378.90 Td (The ) Tj ET Q q 0 0 0 rg BT 489.73 378.90 Td (final ) Tj ET Q q 0 0 0 rg BT 510.86 378.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 524.80 378.90 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.90 Td (eight ) Tj ET Q q 0 0 0 rg BT 71.83 366.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 106.44 366.90 Td (remedial ) Tj ET Q q 0 0 0 rg BT 143.25 366.90 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 191.18 366.90 Td (\(some ) Tj ET Q q 0 0 0 rg BT 217.45 366.90 Td (of ) Tj ET Q q 0 0 0 rg BT 227.61 366.90 Td (which ) Tj ET Q q 0 0 0 rg BT 253.88 366.90 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 366.90 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 366.90 Td ( ) Tj ET Q q 0 0 0 rg BT 301.98 366.90 Td (disposal ) Tj ET Q q 0 0 0 rg BT 336.60 366.90 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 387.02 366.90 Td (for ) Tj ET Q q 0 0 0 rg BT 400.51 366.90 Td (a ) Tj ET Q q 0 0 0 rg BT 406.78 366.90 Td (total ) Tj ET Q q 0 0 0 rg BT 426.39 366.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.56 366.90 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.56 366.90 Td ( ) Tj ET Q q 0 0 0 rg BT 448.39 366.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 483.00 366.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 527.03 366.90 Td (remedial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.90 Td (scenarios\) ) Tj ET Q q 0 0 0 rg BT 92.61 354.90 Td (which ) Tj ET Q q 0 0 0 rg BT 119.12 354.90 Td (ranged ) Tj ET Q q 0 0 0 rg BT 148.40 354.90 Td (in ) Tj ET Q q 0 0 0 rg BT 158.25 354.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 198.64 354.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 216.82 354.90 Td (from ) Tj ET Q q 0 0 0 rg BT 238.33 354.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.16 354.90 Td ($316 ) Tj ET Q q 0 0 0 rg BT 320.23 354.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.12 354.90 Td ( ) Tj ET Q q 0 0 0 rg BT 351.20 354.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.05 354.90 Td ($677 ) Tj ET Q q 0 0 0 rg BT 383.12 354.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.01 354.90 Td ( ) Tj ET Q q 0 0 0 rg BT 414.08 354.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 431.70 354.90 Td (present ) Tj ET Q q 0 0 0 rg BT 462.65 354.90 Td (value\) ) Tj ET Q q 0 0 0 rg BT 489.71 354.90 Td (for ) Tj ET Q q 0 0 0 rg BT 503.44 354.90 Td (the ) Tj ET Q q 0 0 0 rg BT 517.73 354.90 Td (least ) Tj ET Q q 0 0 0 rg BT 538.12 354.90 Td (costly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 94.71 342.90 Td (to ) Tj ET Q q 0 0 0 rg BT 105.00 342.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.28 342.90 Td ($1.21 ) Tj ET Q q 0 0 0 rg BT 190.29 342.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.40 342.90 Td ( ) Tj ET Q q 0 0 0 rg BT 218.92 342.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.21 342.90 Td ($2.67 ) Tj ET Q q 0 0 0 rg BT 254.22 342.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.33 342.90 Td ( ) Tj ET Q q 0 0 0 rg BT 282.85 342.90 Td (\(net ) Tj ET Q q 0 0 0 rg BT 300.91 342.90 Td (present ) Tj ET Q q 0 0 0 rg BT 332.30 342.90 Td (value\) ) Tj ET Q q 0 0 0 rg BT 359.80 342.90 Td (for ) Tj ET Q q 0 0 0 rg BT 373.97 342.90 Td (the ) Tj ET Q q 0 0 0 rg BT 388.70 342.90 Td (most ) Tj ET Q q 0 0 0 rg BT 410.67 342.90 Td (costly ) Tj ET Q q 0 0 0 rg BT 437.07 342.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 481.78 342.90 Td (that ) Tj ET Q q 0 0 0 rg BT 499.29 342.90 Td (the ) Tj ET Q q 0 0 0 rg BT 514.02 342.90 Td (EP) Tj ET Q q 0 0 0 rg BT 524.77 342.90 Td (A) Tj ET Q q 0 0 0 rg BT 531.44 342.90 Td ( ) Tj ET Q q 0 0 0 rg BT 533.95 342.90 Td (did ) Tj ET Q q 0 0 0 rg BT 549.24 342.90 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.90 Td (screen ) Tj ET Q q 0 0 0 rg BT 78.02 330.90 Td (out ) Tj ET Q q 0 0 0 rg BT 93.28 330.90 Td (and ) Tj ET Q q 0 0 0 rg BT 110.20 330.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 149.89 330.90 Td (a ) Tj ET Q q 0 0 0 rg BT 156.81 330.90 Td (range ) Tj ET Q q 0 0 0 rg BT 181.50 330.90 Td (of ) Tj ET Q q 0 0 0 rg BT 192.31 330.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.80 330.90 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.46 330.90 Td ( ) Tj ET Q q 0 0 0 rg BT 213.94 330.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.20 330.90 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.20 330.90 Td ( ) Tj ET Q q 0 0 0 rg BT 236.68 330.90 Td (years ) Tj ET Q q 0 0 0 rg BT 260.26 330.90 Td (to ) Tj ET Q q 0 0 0 rg BT 270.52 330.90 Td (implement ) Tj ET Q q 0 0 0 rg BT 315.77 330.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.47 330.90 Td (remedial ) Tj ET Q q 0 0 0 rg BT 367.93 330.90 Td (work, ) Tj ET Q q 0 0 0 rg BT 393.47 330.90 Td (depending ) Tj ET Q q 0 0 0 rg BT 437.60 330.90 Td (on ) Tj ET Q q 0 0 0 rg BT 450.09 330.90 Td (the ) Tj ET Q q 0 0 0 rg BT 464.79 330.90 Td (selected ) Tj ET Q q 0 0 0 rg BT 499.47 330.90 Td (alternative. ) Tj ET Q q 0 0 0 rg BT 546.47 330.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.90 Td (final ) Tj ET Q q 0 0 0 rg BT 71.39 318.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 85.58 318.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 121.97 318.90 Td (one ) Tj ET Q q 0 0 0 rg BT 139.48 318.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 184.74 318.90 Td (\(Alternative ) Tj ET Q q 0 0 0 rg BT 236.12 318.90 Td (H\) ) Tj ET Q q 0 0 0 rg BT 249.74 318.90 Td (which ) Tj ET Q q 0 0 0 rg BT 277.24 318.90 Td (would ) Tj ET Q q 0 0 0 rg BT 305.31 318.90 Td (involve ) Tj ET Q q 0 0 0 rg BT 338.37 318.90 Td (capping/dredging ) Tj ET Q q 0 0 0 rg BT 411.42 318.90 Td (the ) Tj ET Q q 0 0 0 rg BT 426.70 318.90 Td (entire ) Tj ET Q q 0 0 0 rg BT 452.53 318.90 Td (Site ) Tj ET Q q 0 0 0 rg BT 471.15 318.90 Td (with ) Tj ET Q q 0 0 0 rg BT 492.00 318.90 Td (an ) Tj ET Q q 0 0 0 rg BT 504.50 318.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 545.89 318.90 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.90 Td (range ) Tj ET Q q 0 0 0 rg BT 74.35 306.90 Td (from ) Tj ET Q q 0 0 0 rg BT 95.93 306.90 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.83 306.90 Td ($6.61 ) Tj ET Q q 0 0 0 rg BT 180.47 306.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.58 306.90 Td ( ) Tj ET Q q 0 0 0 rg BT 208.72 306.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.64 306.90 Td ($14.29 ) Tj ET Q q 0 0 0 rg BT 248.28 306.90 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 306.90 Td ( ) Tj ET Q q 0 0 0 rg BT 276.54 306.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.12 306.90 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.12 306.90 Td ( ) Tj ET Q q 0 0 0 rg BT 305.26 306.90 Td (years ) Tj ET Q q 0 0 0 rg BT 328.50 306.90 Td (to ) Tj ET Q q 0 0 0 rg BT 338.42 306.90 Td (implement. ) Tj ET Q q 0 0 0 rg BT 385.67 306.90 Td (The ) Tj ET Q q 0 0 0 rg BT 403.36 306.90 Td (EP) Tj ET Q q 0 0 0 rg BT 414.11 306.90 Td (A) Tj ET Q q 0 0 0 rg BT 420.78 306.90 Td ( ) Tj ET Q q 0 0 0 rg BT 422.92 306.90 Td (screened ) Tj ET Q q 0 0 0 rg BT 460.04 306.90 Td (out ) Tj ET Q q 0 0 0 rg BT 474.96 306.90 Td (this ) Tj ET Q q 0 0 0 rg BT 491.08 306.90 Td (Alternative ) Tj ET Q q 0 0 0 rg BT 538.20 306.90 Td (H ) Tj ET Q q 0 0 0 rg BT 547.56 306.90 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.90 Td (to ) Tj ET Q q 0 0 0 rg BT 60.32 294.90 Td (implementability ) Tj ET Q q 0 0 0 rg BT 131.18 294.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.15 294.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 166.80 294.90 Td (considerations. ) Tj ET Q q 0 0 0 rg BT 229.60 294.90 Td (Each ) Tj ET Q q 0 0 0 rg BT 252.13 294.90 Td (of ) Tj ET Q q 0 0 0 rg BT 263.00 294.90 Td (the ) Tj ET Q q 0 0 0 rg BT 277.75 294.90 Td (draft ) Tj ET Q q 0 0 0 rg BT 299.17 294.90 Td (and ) Tj ET Q q 0 0 0 rg BT 316.15 294.90 Td (final ) Tj ET Q q 0 0 0 rg BT 337.01 294.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 350.67 294.90 Td (also ) Tj ET Q q 0 0 0 rg BT 369.32 294.90 Td (contains ) Tj ET Q q 0 0 0 rg BT 405.19 294.90 Td (a ) Tj ET Q q 0 0 0 rg BT 412.16 294.90 Td (No ) Tj ET Q q 0 0 0 rg BT 426.36 294.90 Td (Action ) Tj ET Q q 0 0 0 rg BT 456.12 294.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 500.86 294.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 546.71 294.90 Td (as ) Tj ET Q q 0 0 0 rg BT 557.58 294.90 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.90 Td (baseline ) Tj ET Q q 0 0 0 rg BT 85.12 282.90 Td (for ) Tj ET Q q 0 0 0 rg BT 99.14 282.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 148.15 282.90 Td (with ) Tj ET Q q 0 0 0 rg BT 168.29 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 182.87 282.90 Td (other ) Tj ET Q q 0 0 0 rg BT 205.77 282.90 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 256.55 282.90 Td (The ) Tj ET Q q 0 0 0 rg BT 274.45 282.90 Td (FS ) Tj ET Q q 0 0 0 rg BT 287.94 282.90 Td (and ) Tj ET Q q 0 0 0 rg BT 304.73 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.31 282.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 358.89 282.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 379.02 282.90 Td (do ) Tj ET Q q 0 0 0 rg BT 391.38 282.90 Td (not ) Tj ET Q q 0 0 0 rg BT 406.52 282.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 448.86 282.90 Td (or ) Tj ET Q q 0 0 0 rg BT 459.55 282.90 Td (allocate ) Tj ET Q q 0 0 0 rg BT 492.99 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 507.57 282.90 Td (responsibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.90 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 270.90 Td (remediation ) Tj ET Q q 0 0 0 rg BT 114.42 270.90 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.90 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 87.38 249.90 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 249.90 Td (the ) Tj ET Q q 0 0 0 rg BT 113.83 249.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 154.00 249.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 174.73 249.90 Td (is ) Tj ET Q q 0 0 0 rg BT 184.35 249.90 Td (part ) Tj ET Q q 0 0 0 rg BT 202.85 249.90 Td (of ) Tj ET Q q 0 0 0 rg BT 214.13 249.90 Td (the ) Tj ET Q q 0 0 0 rg BT 229.30 249.90 Td (continuing ) Tj ET Q q 0 0 0 rg BT 275.02 249.90 Td (process ) Tj ET Q q 0 0 0 rg BT 307.96 249.90 Td (for ) Tj ET Q q 0 0 0 rg BT 322.57 249.90 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 367.17 249.90 Td (and ) Tj ET Q q 0 0 0 rg BT 384.56 249.90 Td (remediation ) Tj ET Q q 0 0 0 rg BT 435.27 249.90 Td (of ) Tj ET Q q 0 0 0 rg BT 446.55 249.90 Td (the ) Tj ET Q q 0 0 0 rg BT 461.72 249.90 Td (Site.) Tj ET Q q 0 0 0 rg BT 482.10 249.90 Td (There ) Tj ET Q q 0 0 0 rg BT 508.36 249.90 Td (was ) Tj ET Q q 0 0 0 rg BT 526.86 249.90 Td (a ) Tj ET Q q 0 0 0 rg BT 534.25 249.90 Td (90-day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.90 Td (public ) Tj ET Q q 0 0 0 rg BT 78.31 237.90 Td (comment ) Tj ET Q q 0 0 0 rg BT 118.85 237.90 Td (period ) Tj ET Q q 0 0 0 rg BT 147.71 237.90 Td (on ) Tj ET Q q 0 0 0 rg BT 161.03 237.90 Td (the ) Tj ET Q q 0 0 0 rg BT 176.57 237.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 217.11 237.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 238.21 237.90 Td (that ) Tj ET Q q 0 0 0 rg BT 256.52 237.90 Td (closed ) Tj ET Q q 0 0 0 rg BT 285.39 237.90 Td (on ) Tj ET Q q 0 0 0 rg BT 298.71 237.90 Td (September ) Tj ET Q q 0 0 0 rg BT 344.79 237.90 Td (6, ) Tj ET Q q 0 0 0 rg BT 355.61 237.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 380.69 237.90 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.56 237.90 Td (5,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.06 237.90 Td ( ) Tj ET Q q 0 0 0 rg BT 470.38 237.90 Td (commenters ) Tj ET Q q 0 0 0 rg BT 522.57 237.90 Td (submitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.90 Td (comments. ) Tj ET Q q 0 0 0 rg BT 95.22 225.90 Td (Following ) Tj ET Q q 0 0 0 rg BT 137.96 225.90 Td (its ) Tj ET Q q 0 0 0 rg BT 149.03 225.90 Td (review ) Tj ET Q q 0 0 0 rg BT 177.85 225.90 Td (and ) Tj ET Q q 0 0 0 rg BT 193.91 225.90 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.40 225.90 Td (of ) Tj ET Q q 0 0 0 rg BT 259.35 225.90 Td (these ) Tj ET Q q 0 0 0 rg BT 281.51 225.90 Td (comments, ) Tj ET Q q 0 0 0 rg BT 326.74 225.90 Td (the ) Tj ET Q q 0 0 0 rg BT 340.57 225.90 Td (EP) Tj ET Q q 0 0 0 rg BT 351.32 225.90 Td (A) Tj ET Q q 0 0 0 rg BT 357.99 225.90 Td ( ) Tj ET Q q 0 0 0 rg BT 359.61 225.90 Td (will ) Tj ET Q q 0 0 0 rg BT 376.79 225.90 Td (prepare ) Tj ET Q q 0 0 0 rg BT 408.38 225.90 Td (a ) Tj ET Q q 0 0 0 rg BT 414.44 225.90 Td (summary ) Tj ET Q q 0 0 0 rg BT 453.27 225.90 Td (responding ) Tj ET Q q 0 0 0 rg BT 499.33 225.90 Td (to ) Tj ET Q q 0 0 0 rg BT 508.73 225.90 Td (the ) Tj ET Q q 0 0 0 rg BT 522.56 225.90 Td (submitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.90 Td (comments ) Tj ET Q q 0 0 0 rg BT 93.18 213.90 Td (and ) Tj ET Q q 0 0 0 rg BT 109.69 213.90 Td (select ) Tj ET Q q 0 0 0 rg BT 134.52 213.90 Td (a ) Tj ET Q q 0 0 0 rg BT 141.04 213.90 Td (remedy ) Tj ET Q q 0 0 0 rg BT 173.09 213.90 Td (for ) Tj ET Q q 0 0 0 rg BT 186.83 213.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.12 213.90 Td (Site ) Tj ET Q q 0 0 0 rg BT 218.75 213.90 Td (in ) Tj ET Q q 0 0 0 rg BT 228.60 213.90 Td (a ) Tj ET Q q 0 0 0 rg BT 235.11 213.90 Td (Record ) Tj ET Q q 0 0 0 rg BT 266.06 213.90 Td (of ) Tj ET Q q 0 0 0 rg BT 276.46 213.90 Td (Decision ) Tj ET Q q 0 0 0 rg BT 314.08 213.90 Td (\(ROD\).) Tj ET Q q 0 0 0 rg BT 355.55 213.90 Td (The ) Tj ET Q q 0 0 0 rg BT 373.17 213.90 Td (EP) Tj ET Q q 0 0 0 rg BT 383.92 213.90 Td (A) Tj ET Q q 0 0 0 rg BT 390.59 213.90 Td ( ) Tj ET Q q 0 0 0 rg BT 392.66 213.90 Td (has ) Tj ET Q q 0 0 0 rg BT 408.07 213.90 Td (indicated ) Tj ET Q q 0 0 0 rg BT 446.79 213.90 Td (that ) Tj ET Q q 0 0 0 rg BT 463.86 213.90 Td (it ) Tj ET Q q 0 0 0 rg BT 471.49 213.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 494.67 213.90 Td (to ) Tj ET Q q 0 0 0 rg BT 504.52 213.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 526.59 213.90 Td (the ) Tj ET Q q 0 0 0 rg BT 540.88 213.90 Td (ROD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.90 Td (by ) Tj ET Q q 0 0 0 rg BT 63.33 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 201.90 Td (end ) Tj ET Q q 0 0 0 rg BT 96.65 201.90 Td (of ) Tj ET Q q 0 0 0 rg BT 108.31 201.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 131.64 201.90 Td (or ) Tj ET Q q 0 0 0 rg BT 143.30 201.90 Td (in ) Tj ET Q q 0 0 0 rg BT 154.40 201.90 Td (early ) Tj ET Q q 0 0 0 rg BT 177.72 201.90 Td (January ) Tj ET Q q 0 0 0 rg BT 212.15 201.90 Td (2017. ) Tj ET Q q 0 0 0 rg BT 237.98 201.90 Td (In ) Tj ET Q q 0 0 0 rg BT 249.64 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 265.19 201.90 Td (ROD, ) Tj ET Q q 0 0 0 rg BT 292.13 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.68 201.90 Td (EP) Tj ET Q q 0 0 0 rg BT 318.43 201.90 Td (A) Tj ET Q q 0 0 0 rg BT 325.10 201.90 Td ( ) Tj ET Q q 0 0 0 rg BT 328.43 201.90 Td (may ) Tj ET Q q 0 0 0 rg BT 348.97 201.90 Td (modify ) Tj ET Q q 0 0 0 rg BT 381.19 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 396.74 201.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 436.70 201.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 482.23 201.90 Td (or ) Tj ET Q q 0 0 0 rg BT 493.89 201.90 Td (select ) Tj ET Q q 0 0 0 rg BT 519.99 201.90 Td (a ) Tj ET Q q 0 0 0 rg BT 527.75 201.90 Td (dif) Tj ET Q q 0 0 0 rg BT 538.68 201.90 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 95.16 189.90 Td (than ) Tj ET Q q 0 0 0 rg BT 115.34 189.90 Td (that ) Tj ET Q q 0 0 0 rg BT 133.30 189.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 174.58 189.90 Td (in ) Tj ET Q q 0 0 0 rg BT 185.32 189.90 Td (the ) Tj ET Q q 0 0 0 rg BT 200.50 189.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 240.69 189.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 261.43 189.90 Td (based ) Tj ET Q q 0 0 0 rg BT 287.16 189.90 Td (on ) Tj ET Q q 0 0 0 rg BT 300.13 189.90 Td (new ) Tj ET Q q 0 0 0 rg BT 319.75 189.90 Td (information ) Tj ET Q q 0 0 0 rg BT 369.93 189.90 Td (or ) Tj ET Q q 0 0 0 rg BT 381.22 189.90 Td (public ) Tj ET Q q 0 0 0 rg BT 409.18 189.90 Td (comments. ) Tj ET Q q 0 0 0 rg BT 455.75 189.90 Td (It ) Tj ET Q q 0 0 0 rg BT 464.82 189.90 Td (is ) Tj ET Q q 0 0 0 rg BT 474.45 189.90 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 514.62 189.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 549.79 189.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 89.22 177.90 Td (alternative ) Tj ET Q q 0 0 0 rg BT 133.99 177.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 174.89 177.90 Td (by ) Tj ET Q q 0 0 0 rg BT 187.47 177.90 Td (EP) Tj ET Q q 0 0 0 rg BT 198.22 177.90 Td (A) Tj ET Q q 0 0 0 rg BT 204.89 177.90 Td ( ) Tj ET Q q 0 0 0 rg BT 207.47 177.90 Td (in ) Tj ET Q q 0 0 0 rg BT 217.83 177.90 Td (the ) Tj ET Q q 0 0 0 rg BT 232.63 177.90 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 272.43 177.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 292.79 177.90 Td (will ) Tj ET Q q 0 0 0 rg BT 310.92 177.90 Td (be ) Tj ET Q q 0 0 0 rg BT 322.94 177.90 Td (the ) Tj ET Q q 0 0 0 rg BT 337.74 177.90 Td (selected ) Tj ET Q q 0 0 0 rg BT 372.52 177.90 Td (remedy ) Tj ET Q q 0 0 0 rg BT 405.08 177.90 Td (in ) Tj ET Q q 0 0 0 rg BT 415.44 177.90 Td (the ) Tj ET Q q 0 0 0 rg BT 430.24 177.90 Td (ROD ) Tj ET Q q 0 0 0 rg BT 453.93 177.90 Td (or ) Tj ET Q q 0 0 0 rg BT 464.84 177.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 499.63 177.90 Td (the ) Tj ET Q q 0 0 0 rg BT 514.42 177.90 Td (EP) Tj ET Q q 0 0 0 rg BT 525.18 177.90 Td (A) Tj 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602.10 Td (phase ) Tj ET Q q 0 0 0 rg BT 535.90 602.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (which ) Tj ET Q q 0 0 0 rg BT 78.68 590.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 122.90 590.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 163.23 590.10 Td (information ) Tj ET Q q 0 0 0 rg BT 214.68 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.35 590.10 Td (data ) Tj ET Q q 0 0 0 rg BT 254.25 590.10 Td (will ) Tj ET Q q 0 0 0 rg BT 274.04 590.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.72 590.10 Td (collected, ) Tj ET Q q 0 0 0 rg BT 330.54 590.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 373.10 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.78 590.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 446.55 590.10 Td (into ) Tj ET Q q 0 0 0 rg BT 466.34 590.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 506.67 590.10 Td (drawings ) Tj ET Q q 0 0 0 rg BT 547.56 590.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (specifications ) Tj ET Q q 0 0 0 rg BT 108.09 578.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 152.30 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.07 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.40 578.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 229.95 578.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 268.04 578.10 Td (action. ) Tj ET Q q 0 0 0 rg BT 297.86 578.10 Td (The ) Tj ET Q q 0 0 0 rg BT 316.52 578.10 Td (EP) Tj ET Q q 0 0 0 rg BT 327.27 578.10 Td (A) Tj ET Q q 0 0 0 rg BT 333.94 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.05 578.10 Td (will ) Tj ET Q q 0 0 0 rg BT 355.72 578.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.27 578.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 401.93 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.48 578.10 Td (new ) Tj ET Q q 0 0 0 rg BT 429.25 578.10 Td (coalition ) Tj ET Q q 0 0 0 rg BT 467.36 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.80 578.10 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 503.59 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.48 578.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 549.80 578.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 88.33 566.10 Td (design ) Tj ET Q q 0 0 0 rg BT 117.78 566.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 159.73 566.10 Td (Remediation ) Tj ET Q q 0 0 0 rg BT 214.17 566.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 253.62 566.10 Td (are ) Tj ET Q q 0 0 0 rg BT 269.17 566.10 Td (not ) Tj ET Q q 0 0 0 rg BT 285.30 566.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 324.18 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.31 566.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 381.96 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.97 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.76 566.10 Td (number ) Tj ET Q q 0 0 0 rg BT 438.65 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.33 566.10 Td (years ) Tj ET Q q 0 0 0 rg BT 474.77 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.56 566.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 550.35 566.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 108.67 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.22 554.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 160.45 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.79 554.10 Td (EP) Tj ET Q q 0 0 0 rg BT 186.54 554.10 Td (A) Tj ET Q q 0 0 0 rg BT 192.65 554.10 Td () Tj ET Q q 0 0 0 rg BT 195.43 554.10 Td (s ) Tj ET Q q 0 0 0 rg BT 202.44 554.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 237.76 554.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 270.87 554.10 Td (will ) Tj ET Q q 0 0 0 rg BT 289.54 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 302.10 554.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 350.20 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.10 554.10 Td (a ) Tj ET Q q 0 0 0 rg BT 368.66 554.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 404.53 554.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 447.08 554.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 482.46 554.10 Td (While ) Tj ET Q q 0 0 0 rg BT 510.01 554.10 Td (an ) Tj ET Q q 0 0 0 rg BT 522.57 554.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (process ) Tj ET Q q 0 0 0 rg BT 83.35 542.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.38 542.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 132.84 542.10 Td (underway) Tj ET Q q 0 0 0 rg BT 171.62 542.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.48 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.06 542.10 Td (EP) Tj ET Q q 0 0 0 rg BT 203.81 542.10 Td (A's ) Tj ET Q q 0 0 0 rg BT 220.09 542.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 234.57 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.37 542.10 Td (its ) Tj ET Q q 0 0 0 rg BT 265.18 542.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 305.19 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.33 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.91 542.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 371.93 542.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 417.49 542.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 456.95 542.10 Td (have ) Tj ET Q q 0 0 0 rg BT 479.18 542.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 506.42 542.10 Td (questions ) Tj ET Q q 0 0 0 rg BT 547.56 542.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 97.48 530.10 Td (as ) Tj ET Q q 0 0 0 rg BT 108.31 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.59 530.10 Td (how ) Tj ET Q q 0 0 0 rg BT 138.31 530.10 Td (that ) Tj ET Q q 0 0 0 rg BT 155.81 530.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 197.73 530.10 Td (process ) Tj ET Q q 0 0 0 rg BT 230.22 530.10 Td (will ) Tj ET Q q 0 0 0 rg BT 248.28 530.10 Td (proceed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 85.35 509.10 Td (there ) Tj ET Q q 0 0 0 rg BT 107.37 509.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.74 509.10 Td (not ) Tj ET Q q 0 0 0 rg BT 137.55 509.10 Td (been ) Tj ET Q q 0 0 0 rg BT 158.46 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.94 509.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 222.51 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.87 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 509.10 Td (total ) Tj ET Q q 0 0 0 rg BT 266.93 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 285.08 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.44 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.69 509.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 369.78 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 509.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 433.83 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 450.86 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 468.45 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.92 509.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 517.77 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 509.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 497.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 90.64 497.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 126.79 497.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 164.05 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.65 497.10 Td (how ) Tj ET Q q 0 0 0 rg BT 194.15 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.64 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.92 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.52 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 497.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 291.07 497.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 348.90 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.61 497.10 Td (any ) Tj ET Q q 0 0 0 rg BT 382.32 497.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 414.58 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.30 497.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 461.34 497.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 497.48 497.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 534.74 497.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 497.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 88.72 485.10 Td (among ) Tj ET Q q 0 0 0 rg BT 118.56 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.40 485.10 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 160.21 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.06 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.57 485.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 251.96 485.10 Td (it ) Tj ET Q q 0 0 0 rg BT 260.15 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 269.44 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 284.85 485.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 320.25 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.66 485.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 376.60 485.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 412.55 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.39 485.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 460.01 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.97 485.10 Td (range ) Tj ET Q q 0 0 0 rg BT 495.81 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.76 485.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.39 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 556.46 485.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.26 473.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 84.63 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.00 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.92 473.10 Td (which ) Tj ET Q q 0 0 0 rg BT 132.95 473.10 Td (it ) Tj ET Q q 0 0 0 rg BT 141.10 473.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.36 473.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 196.27 473.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 231.64 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.22 473.10 Td (it ) Tj ET Q q 0 0 0 rg BT 257.37 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 275.52 473.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 298.66 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.03 473.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 355.49 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 375.86 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 473.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 411.32 473.10 Td (although ) Tj ET Q q 0 0 0 rg BT 448.91 473.10 Td (such ) Tj ET Q q 0 0 0 rg BT 469.83 473.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 492.42 473.10 Td (could ) Tj ET Q q 0 0 0 rg BT 517.23 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.26 473.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.61 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.65 461.10 Td (Company) Tj ET Q q 0 0 0 rg BT 117.32 461.10 Td (s ) Tj ET Q q 0 0 0 rg BT 124.04 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.85 461.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 199.41 461.10 Td (results ) Tj ET Q q 0 0 0 rg BT 228.34 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.50 461.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 286.49 461.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.09 461.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 332.14 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.41 461.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 382.65 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 387.35 461.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 420.18 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.23 461.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 456.94 461.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 495.86 461.10 Td (being ) Tj ET Q q 0 0 0 rg BT 520.91 461.10 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.90 449.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 99.25 449.10 Td (information ) Tj ET Q q 0 0 0 rg BT 149.16 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 161.85 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.76 449.10 Td (history ) Tj ET Q q 0 0 0 rg BT 207.24 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.26 449.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 262.62 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.64 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.78 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.69 449.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 333.37 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.39 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 449.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 379.22 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.25 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.38 449.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 446.18 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.31 449.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 507.66 449.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 552.00 449.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.69 437.10 Td (property ) Tj ET Q q 0 0 0 rg BT 106.94 437.10 Td (within ) Tj ET Q q 0 0 0 rg BT 134.87 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.45 437.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 169.88 437.10 Td (which ) Tj ET Q q 0 0 0 rg BT 196.69 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.27 437.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 240.85 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.22 437.10 Td (will ) Tj ET Q q 0 0 0 rg BT 276.15 437.10 Td (play ) Tj ET Q q 0 0 0 rg BT 295.74 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.55 437.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 347.69 437.10 Td (role ) Tj ET Q q 0 0 0 rg BT 365.61 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.76 437.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 426.45 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.04 437.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 482.84 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.55 437.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 547.58 437.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 82.11 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 104.23 425.10 Td (among ) Tj ET Q q 0 0 0 rg BT 133.57 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.91 425.10 Td (PRPs. ) Tj ET Q q 0 0 0 rg BT 174.06 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.73 425.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.73 425.10 Td (has ) Tj ET Q q 0 0 0 rg BT 248.19 425.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 288.62 425.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 321.85 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.97 425.10 Td (it ) Tj ET Q q 0 0 0 rg BT 346.64 425.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 381.53 425.10 Td (will ) Tj ET Q q 0 0 0 rg BT 399.21 425.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 431.88 425.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 493.98 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.76 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.88 425.10 Td (it ) Tj ET Q q 0 0 0 rg BT 537.56 425.10 Td (incurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.90 413.10 Td (defense, ) Tj ET Q q 0 0 0 rg BT 101.17 413.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 152.17 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.84 413.10 Td (mitigation ) Tj ET Q q 0 0 0 rg BT 214.19 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 229.09 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 260.09 413.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 297.19 413.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 335.42 413.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 364.76 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.77 413.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 422.88 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.90 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.35 413.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 480.64 413.10 Td (although ) Tj ET Q q 0 0 0 rg BT 518.88 413.10 Td (there ) Tj ET Q q 0 0 0 rg BT 542.10 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 552.01 413.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 90.63 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 107.40 401.10 Td (those ) Tj ET Q q 0 0 0 rg BT 130.27 401.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 163.14 401.10 Td (will ) Tj ET Q q 0 0 0 rg BT 180.46 401.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 204.44 401.10 Td (all ) Tj ET Q q 0 0 0 rg BT 216.20 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.30 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.28 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 262.05 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 288.25 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.23 401.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.89 401.10 Td (may ) Tj ET Q q 0 0 0 rg BT 361.87 401.10 Td (incur) Tj ET Q q 0 0 0 rg BT 381.87 401.10 Td (. ) Tj ET Q q 0 0 0 rg BT 386.00 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 403.32 401.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.97 401.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 487.96 401.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 524.70 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.90 401.10 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 389.10 Td (its ) Tj ET Q q 0 0 0 rg BT 76.11 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 116.93 389.10 Td (share ) Tj ET Q q 0 0 0 rg BT 140.53 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.36 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.07 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 188.57 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.40 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.12 389.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 268.28 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.11 389.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 291.61 389.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.50 389.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 368.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 100.19 368.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 149.72 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.38 368.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 222.13 368.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 254.45 368.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.45 368.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 306.31 368.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 347.52 368.10 Td (oversight ) Tj ET Q q 0 0 0 rg BT 387.07 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.72 368.10 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 438.37 368.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 496.25 368.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.58 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 368.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 91.08 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.03 356.10 Td (Company) Tj ET Q q 0 0 0 rg BT 147.70 356.10 Td (s ) Tj ET Q q 0 0 0 rg BT 154.33 356.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 174.85 356.10 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 210.90 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.42 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.38 356.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 273.00 356.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 304.07 356.10 Td (which ) Tj ET Q q 0 0 0 rg BT 331.25 356.10 Td (are ) Tj ET Q q 0 0 0 rg BT 346.19 356.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 380.03 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 392.77 356.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 439.40 356.10 Td (any ) Tj ET Q q 0 0 0 rg BT 456.57 356.10 Td (current ) Tj ET Q q 0 0 0 rg BT 487.63 356.10 Td (uplands ) Tj ET Q q 0 0 0 rg BT 530.36 356.10 Td (releases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.19 344.10 Td (contaminants ) Tj ET Q q 0 0 0 rg BT 117.38 344.10 Td (into ) Tj ET Q q 0 0 0 rg BT 135.80 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.67 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 159.71 344.10 Td (illamette ) Tj ET Q q 0 0 0 rg BT 197.55 344.10 Td (River) Tj ET Q q 0 0 0 rg BT 219.22 344.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.58 344.10 Td (No ) Tj ET Q q 0 0 0 rg BT 239.67 344.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 279.75 344.10 Td (have ) Tj ET Q q 0 0 0 rg BT 301.49 344.10 Td (been ) Tj ET Q q 0 0 0 rg BT 323.23 344.10 Td (established ) Tj ET Q q 0 0 0 rg BT 370.52 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.16 344.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 427.90 344.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.54 344.10 Td (these ) Tj ET Q q 0 0 0 rg BT 471.95 344.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 530.36 344.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 332.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 91.17 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.77 332.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 161.24 332.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 172.94 332.10 Td (any\) ) Tj ET Q q 0 0 0 rg BT 192.97 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.67 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.15 332.10 Td (Company) Tj ET Q q 0 0 0 rg BT 265.81 332.10 Td (s ) Tj ET Q q 0 0 0 rg BT 271.97 332.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 328.67 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.59 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.07 332.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 416.54 332.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 428.24 332.10 Td (any\) ) Tj ET Q q 0 0 0 rg BT 448.27 332.10 Td (has ) Tj ET Q q 0 0 0 rg BT 463.87 332.10 Td (not ) Tj ET Q q 0 0 0 rg BT 478.91 332.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 493.39 332.10 Td (been ) Tj ET Q q 0 0 0 rg BT 514.52 332.10 Td (determined.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 309.7669921875 m 117.5830078125 309.7669921875 l s q 0 0 0 rg BT 50.00 311.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.65 311.10 Td (AMR Sites) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (As ) Tj ET Q q 0 0 0 rg BT 64.10 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.75 293.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 121.62 293.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.62 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.11 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.31 293.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.17 293.10 Td (had ) Tj ET Q q 0 0 0 rg BT 221.60 293.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 282.34 293.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 322.54 293.10 Td (related ) Tj ET Q q 0 0 0 rg BT 352.72 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.48 293.10 Td (various ) Tj ET Q q 0 0 0 rg BT 395.24 293.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 421.01 293.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 441.77 293.10 Td (other ) Tj ET Q q 0 0 0 rg BT 465.30 293.10 Td (than ) Tj ET Q q 0 0 0 rg BT 485.50 293.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 522.37 293.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 553.67 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 67.30 281.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.19 281.10 Td (. ) Tj ET Q q 0 0 0 rg BT 100.82 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.66 281.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 158.17 281.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 182.67 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.75 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 281.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 244.55 281.10 Td (future ) Tj ET Q q 0 0 0 rg BT 270.72 281.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 320.78 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.40 281.10 Td (soil ) Tj ET Q q 0 0 0 rg BT 348.15 281.10 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 410.15 281.10 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 462.98 281.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 522.49 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.22 281.10 Td (storm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (water ) Tj ET Q q 0 0 0 rg BT 74.71 269.10 Td (runof) Tj ET Q q 0 0 0 rg BT 96.19 269.10 Td (f ) Tj ET Q q 0 0 0 rg BT 102.02 269.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 128.41 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.35 269.10 Td (were ) Tj ET Q q 0 0 0 rg BT 167.28 269.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.55 269.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 233.38 269.10 Td (material ) Tj ET Q q 0 0 0 rg BT 268.64 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 278.36 269.10 Td (any ) Tj ET Q q 0 0 0 rg BT 295.30 269.10 Td (site.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (Steel Manufacturing Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 230.10 Td (s ) Tj ET Q q 0 0 0 rg BT 80.45 230.10 Td (electric ) Tj ET Q q 0 0 0 rg BT 112.53 230.10 Td (arc ) Tj ET Q q 0 0 0 rg BT 127.40 230.10 Td (furnace ) Tj ET Q q 0 0 0 rg BT 160.04 230.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 200.45 230.10 Td (dust ) Tj ET Q q 0 0 0 rg BT 219.78 230.10 Td (\(EAF ) Tj ET Q q 0 0 0 rg BT 249.10 230.10 Td (dust\) ) Tj ET Q q 0 0 0 rg BT 276.20 230.10 Td (that ) Tj ET Q q 0 0 0 rg BT 293.85 230.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.18 230.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 343.61 230.10 Td (as ) Tj ET Q q 0 0 0 rg BT 354.60 230.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 397.79 230.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 423.22 230.10 Td (by ) Tj ET Q q 0 0 0 rg BT 435.88 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.76 230.10 Td (EP) Tj ET Q q 0 0 0 rg BT 461.51 230.10 Td (A) Tj ET Q q 0 0 0 rg BT 468.18 230.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.84 230.10 Td (because ) Tj ET Q q 0 0 0 rg BT 505.15 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 230.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.25 230.10 Td (zinc ) Tj ET Q q 0 0 0 rg BT 547.56 230.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 68.92 218.10 Td (content. ) Tj ET Q q 0 0 0 rg BT 102.62 218.10 Td (As ) Tj ET Q q 0 0 0 rg BT 115.99 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.69 218.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 149.67 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.15 218.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.30 218.10 Td (captures ) Tj ET Q q 0 0 0 rg BT 240.88 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.36 218.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 276.52 218.10 Td (dust ) Tj ET Q q 0 0 0 rg BT 295.45 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.15 218.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 334.98 218.10 Td (it ) Tj ET Q q 0 0 0 rg BT 342.80 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.84 218.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 399.52 218.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 415.11 218.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 433.47 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.51 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.21 218.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 469.69 218.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.95 218.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 517.54 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.24 218.10 Td (treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 206.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 96.10 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.82 206.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 132.21 206.10 Td (dust ) Tj ET Q q 0 0 0 rg BT 151.38 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.66 206.10 Td (be ) Tj ET Q q 0 0 0 rg BT 173.60 206.10 Td (delisted ) Tj ET Q q 0 0 0 rg BT 207.20 206.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.03 206.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 261.07 206.10 Td (waste.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.78 185.10 Td (has ) Tj ET Q q 0 0 0 rg BT 89.77 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 101.86 185.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 142.28 185.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 171.04 185.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 198.70 185.10 Td (under ) Tj ET Q q 0 0 0 rg BT 223.93 185.10 Td (T) Tj ET Q q 0 0 0 rg BT 229.69 185.10 Td (itle) Tj ET Q q 0 0 0 rg BT 244.78 185.10 Td (V) Tj ET Q q 0 0 0 rg BT 251.82 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.48 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.46 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.34 185.10 Td (Clean ) Tj ET Q q 0 0 0 rg BT 305.73 185.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 321.13 185.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 337.64 185.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 393.62 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.61 185.10 Td (1990, ) Tj ET Q q 0 0 0 rg BT 429.76 185.10 Td (which ) Tj ET Q q 0 0 0 rg BT 456.86 185.10 Td (governs ) Tj ET Q q 0 0 0 rg BT 491.17 185.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 521.03 185.10 Td (air ) Tj ET Q q 0 0 0 rg BT 534.24 185.10 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 92.44 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.32 173.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 138.77 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.78 173.10 Td (based ) Tj ET Q q 0 0 0 rg BT 172.88 173.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 195.22 173.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.00 173.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 235.99 173.10 Td (production ) Tj ET Q q 0 0 0 rg BT 281.66 173.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 317.31 173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.98 173.10 Td (950 ) Tj ET Q q 0 0 0 rg BT 345.31 173.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.42 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.76 173.10 Td (tons. ) Tj ET Q q 0 0 0 rg BT 405.10 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.99 173.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 451.43 173.10 Td (was ) Tj ET Q q 0 0 0 rg BT 469.32 173.10 Td (first ) Tj ET Q q 0 0 0 rg BT 487.77 173.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 515.11 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.22 173.10 Td (1998 ) Tj ET Q q 0 0 0 rg BT 547.56 173.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 161.10 Td (since ) Tj ET Q q 0 0 0 rg BT 88.88 161.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.25 161.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 146.62 161.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.23 161.10 Td (February1, ) Tj ET Q q 0 0 0 rg BT 228.83 161.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.83 161.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (SMB had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.56 140.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.56 140.10 Td ( environmental liabilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.15 140.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.54 140.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 74.99 119.10 Td (than ) Tj ET Q q 0 0 0 rg BT 94.42 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.86 119.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 144.96 119.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 175.50 119.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 219.38 119.10 Td (site, ) Tj ET Q q 0 0 0 rg BT 237.98 119.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.64 119.10 Td (is ) Tj ET Q q 0 0 0 rg BT 273.53 119.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 314.08 119.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 342.67 119.10 Td (management ) Tj ET Q q 0 0 0 rg BT 395.98 119.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 434.29 119.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 469.27 119.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.49 119.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 524.24 119.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (has ) Tj ET Q q 0 0 0 rg BT 66.01 107.10 Td (been ) Tj ET Q q 0 0 0 rg BT 87.57 107.10 Td (made ) Tj ET Q q 0 0 0 rg BT 111.91 107.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.25 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.15 107.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 178.83 107.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 208.72 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.74 107.10 Td (these ) Tj ET Q q 0 0 0 rg BT 242.97 107.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 269.54 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.66 107.10 Td (that ) Tj ET Q q 0 0 0 rg BT 304.34 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 107.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 354.69 107.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 395.70 107.10 Td (will ) Tj ET Q q 0 0 0 rg BT 413.94 107.10 Td (not ) Tj ET Q q 0 0 0 rg BT 429.40 107.10 Td (have ) Tj ET Q q 0 0 0 rg BT 450.96 107.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.08 107.10 Td (material ) Tj ET Q q 0 0 0 rg BT 493.53 107.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 526.75 107.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.33 107.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.00 107.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.31 95.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 119.18 95.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 158.49 95.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 204.47 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.90 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.21 95.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.20 95.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.63 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.16 95.10 Td (whole. ) Tj ET Q q 0 0 0 rg BT 316.20 95.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 362.76 95.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.36 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.67 95.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 417.65 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.97 95.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.95 95.10 Td (has ) Tj ET Q q 0 0 0 rg BT 488.38 95.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 531.02 95.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 550.34 95.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 83.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 121.09 83.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 159.69 83.10 Td (have ) Tj ET Q q 0 0 0 rg BT 181.06 83.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.34 83.10 Td (been ) Tj ET Q q 0 0 0 rg BT 217.72 83.10 Td (material ) Tj ET Q q 0 0 0 rg BT 252.98 83.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.26 83.10 Td (any ) Tj ET Q q 0 0 0 rg BT 280.20 83.10 Td (given ) Tj ET Q q 0 0 0 rg BT 304.91 83.10 Td (period.) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (78) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (Note 10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 671.10 Td ( - Restructuring Charges and Other) Tj ET Q q 0 0 0 rg BT 235.35 671.10 Td ( Exit-Related ) Tj ET Q q 0 0 0 rg BT 293.68 671.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (The ) Tj ET Q q 0 0 0 rg BT 70.02 650.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.38 650.10 Td (has ) Tj ET Q q 0 0 0 rg BT 131.18 650.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 187.86 650.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.77 650.10 Td (number ) Tj ET Q q 0 0 0 rg BT 231.79 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.59 650.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 300.16 650.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 344.07 650.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 384.09 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.34 650.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 427.46 650.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 469.69 650.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 510.26 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.17 650.10 Td (improve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 99.84 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.35 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.19 638.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 158.79 638.10 Td (further ) Tj ET Q q 0 0 0 rg BT 188.07 638.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 233.46 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.97 638.10 Td (syner) Tj ET Q q 0 0 0 rg BT 271.45 638.10 Td (gistic ) Tj ET Q q 0 0 0 rg BT 295.18 638.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 313.36 638.10 Td (ef) Tj ET Q q 0 0 0 rg BT 320.95 638.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 361.33 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.18 638.10 Td (its ) Tj ET Q q 0 0 0 rg BT 382.69 638.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 422.53 638.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 461.38 638.10 Td (The ) Tj ET Q q 0 0 0 rg BT 479.00 638.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 532.16 638.10 Td (char) Tj ET Q q 0 0 0 rg BT 549.19 638.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.94 626.10 Td (by ) Tj ET Q q 0 0 0 rg BT 98.57 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.41 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.92 626.10 Td (during ) Tj ET Q q 0 0 0 rg BT 183.66 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.50 626.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 230.56 626.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 271.51 626.10 Td (pertain ) Tj ET Q q 0 0 0 rg BT 301.90 626.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 341.73 626.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.14 626.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.75 626.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 410.13 626.10 Td (plans: ) Tj ET Q q 0 0 0 rg BT 436.64 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.48 626.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 475.22 626.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 521.16 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.56 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.41 626.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.82 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.65 614.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 115.80 614.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 138.30 614.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 156.35 614.10 Td (Q114 ) Tj ET Q q 0 0 0 rg BT 188.84 614.10 Td (Plan\), ) Tj ET Q q 0 0 0 rg BT 219.38 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.10 614.10 Td (Q115 ) Tj ET Q q 0 0 0 rg BT 262.15 614.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 282.43 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.37 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.09 614.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 340.61 614.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.69 593.10 Td (Q1'14 ) Tj ET Q q 0 0 0 rg BT 95.85 593.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 116.76 593.10 Td (was ) Tj ET Q q 0 0 0 rg BT 135.46 593.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 174.14 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.06 593.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 214.84 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.20 593.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 277.92 593.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 307.71 593.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.61 593.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 387.85 593.10 Td (through ) Tj ET Q q 0 0 0 rg BT 422.10 593.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 466.33 593.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 513.62 593.10 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 112.21 581.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 165.24 581.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 197.74 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.68 581.10 Td (other ) Tj ET Q q 0 0 0 rg BT 237.73 581.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 285.21 581.10 Td (ef) Tj ET Q q 0 0 0 rg BT 292.80 581.10 Td (ficiencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.79 560.10 Td (Q1'15 ) Tj ET Q q 0 0 0 rg BT 94.05 560.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 114.06 560.10 Td (included ) Tj ET Q q 0 0 0 rg BT 150.74 560.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 192.97 560.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 244.09 560.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 285.76 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.78 560.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 331.35 560.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 381.35 560.10 Td (through ) Tj ET Q q 0 0 0 rg BT 414.70 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.38 560.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 473.61 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.17 560.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 518.06 560.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 548.07 560.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.61 548.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 108.87 548.10 Td (initiatives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (At ) Tj ET Q q 0 0 0 rg BT 62.60 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.42 527.10 Td (end ) Tj ET Q q 0 0 0 rg BT 94.46 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.39 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.21 527.10 Td (second ) Tj ET Q q 0 0 0 rg BT 150.58 527.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 181.50 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.43 527.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 216.69 527.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 241.79 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.61 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 298.09 527.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 349.01 527.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.60 527.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 445.29 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.33 527.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 510.46 527.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 552.50 527.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (undertaking ) Tj ET Q q 0 0 0 rg BT 99.97 515.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 136.06 515.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 166.59 515.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 209.36 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.90 515.10 Td (idling ) Tj ET Q q 0 0 0 rg BT 245.45 515.10 Td (underutilized ) Tj ET Q q 0 0 0 rg BT 300.42 515.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.96 515.10 Td (at ) Tj ET Q q 0 0 0 rg BT 334.90 515.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 359.89 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.54 515.10 Td (initiating ) Tj ET Q q 0 0 0 rg BT 414.86 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.29 515.10 Td (closure ) Tj ET Q q 0 0 0 rg BT 460.38 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.92 515.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.13 515.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.90 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.11 515.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 517.54 515.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 539.19 515.10 Td (stores ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.97 503.10 Td (align ) Tj ET Q q 0 0 0 rg BT 82.16 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.57 503.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 143.35 503.10 Td (business ) Tj ET Q q 0 0 0 rg BT 179.44 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.41 503.10 Td (market ) Tj ET Q q 0 0 0 rg BT 219.37 503.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 265.57 503.10 Td (The ) Tj ET Q q 0 0 0 rg BT 283.31 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.39 503.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 364.90 503.10 Td (these ) Tj ET Q q 0 0 0 rg BT 387.64 503.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 429.28 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.77 503.10 Td (April ) Tj ET Q q 0 0 0 rg BT 462.07 503.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 484.26 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.90 503.10 Td (also ) Tj ET Q q 0 0 0 rg BT 519.20 503.10 Td (announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 491.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 110.87 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.86 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.74 491.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 161.64 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.16 491.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 200.27 491.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 245.16 491.10 Td (into ) Tj ET Q q 0 0 0 rg BT 263.38 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.26 491.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 319.77 491.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 345.22 491.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 382.32 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.76 491.10 Td (order ) Tj ET Q q 0 0 0 rg BT 416.53 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.97 491.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 460.17 491.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 507.81 491.10 Td (syner) Tj ET Q q 0 0 0 rg BT 529.29 491.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 548.07 491.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 80.32 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.22 479.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 144.47 479.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 174.80 479.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.25 479.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 258.52 479.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 299.41 479.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 332.25 479.10 Td (general ) Tj ET Q q 0 0 0 rg BT 365.35 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.47 479.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 444.35 479.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 486.63 479.10 Td (through ) Tj ET Q q 0 0 0 rg BT 521.41 479.10 Td (headcount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 96.50 467.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 133.82 467.10 Td (or) Tj ET Q q 0 0 0 rg BT 141.97 467.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 193.18 467.10 Td (layers, ) Tj ET Q q 0 0 0 rg BT 221.90 467.10 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 278.12 467.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 306.56 467.10 Td (service ) Tj ET Q q 0 0 0 rg BT 337.21 467.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 376.77 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.55 467.10 Td (other ) Tj ET Q q 0 0 0 rg BT 416.44 467.10 Td (non-headcount ) Tj ET Q q 0 0 0 rg BT 478.20 467.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 519.73 467.10 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 69.13 455.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 102.15 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.61 455.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 171.51 455.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 227.86 455.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 272.82 455.10 Td (including ) Tj ET Q q 0 0 0 rg BT 313.61 455.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 356.62 455.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 401.30 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.10 455.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 456.50 455.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 489.52 455.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.98 455.10 Td (procurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 92.00 443.10 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 145.39 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.12 443.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 217.73 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.57 443.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 281.75 443.10 Td (services ) Tj ET Q q 0 0 0 rg BT 317.36 443.10 Td (functions, ) Tj ET Q q 0 0 0 rg BT 360.47 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.31 443.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 429.49 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.67 443.10 Td (its ) Tj ET Q q 0 0 0 rg BT 453.52 443.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 494.68 443.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 531.39 443.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.82 431.10 Td (closures, ) Tj ET Q q 0 0 0 rg BT 118.59 431.10 Td (were ) Tj ET Q q 0 0 0 rg BT 140.52 431.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 181.34 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.28 431.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 233.54 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.82 431.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 267.98 431.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 292.98 431.10 Td (Collectively) Tj ET Q q 0 0 0 rg BT 341.21 431.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.21 431.10 Td (these ) Tj ET Q q 0 0 0 rg BT 369.25 431.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 411.19 431.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.90 431.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 460.03 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.31 431.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.14 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.86 431.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 522.38 431.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.53 410.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.40 410.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 143.70 410.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 196.78 410.10 Td (char) Tj ET Q q 0 0 0 rg BT 213.81 410.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 229.12 410.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.44 410.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 251.42 410.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.31 410.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.80 410.10 Td ($1) Tj ET Q q 0 0 0 rg BT 294.43 410.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 301.41 410.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.31 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.29 410.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.71 410.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 360.70 410.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.59 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.57 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.34 410.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.98 410.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.98 410.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.46 410.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.46 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.45 410.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.87 410.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.87 410.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.36 410.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.02 410.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.15 398.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 109.30 398.10 Td (char) Tj ET Q q 0 0 0 rg BT 126.33 398.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 141.27 398.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 173.42 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.81 398.10 Td (these ) Tj ET Q q 0 0 0 rg BT 204.96 398.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 246.01 398.10 Td (are ) Tj ET Q q 0 0 0 rg BT 259.82 398.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 296.96 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.35 398.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.39 398.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 369.55 398.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 404.48 398.10 Td (by ) Tj ET Q q 0 0 0 rg BT 416.08 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.91 398.10 Td (end ) Tj ET Q q 0 0 0 rg BT 445.96 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.89 398.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 479.16 398.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 503.15 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 520.30 398.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 86.38 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.21 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.93 386.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 165.52 386.10 Td (char) Tj ET Q q 0 0 0 rg BT 182.55 386.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 198.38 386.10 Td (require ) Tj ET Q q 0 0 0 rg BT 229.19 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.91 386.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.30 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.58 386.10 Td (make ) Tj ET Q q 0 0 0 rg BT 319.73 386.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.00 386.10 Td (payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.34 365.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 95.12 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.91 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.14 365.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 172.24 365.10 Td (char) Tj ET Q q 0 0 0 rg BT 189.27 365.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 204.60 365.10 Td (related ) Tj ET Q q 0 0 0 rg BT 233.82 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.60 365.10 Td (these ) Tj ET Q q 0 0 0 rg BT 266.16 365.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 310.11 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.33 365.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.23 365.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 400.55 365.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.11 365.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 470.65 365.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 508.75 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.09 365.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 531.10 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 365.10 Td (, ) Tj ET Q q 0 0 0 rg BT 565.00 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 62.79 353.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.68 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.47 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.69 353.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 124.48 353.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.37 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.16 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.73 353.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.17 353.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.17 353.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.46 353.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.46 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.25 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.47 353.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.47 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.76 353.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 329.42 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 334.71 353.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 378.06 353.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 418.06 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.17 353.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 473.07 353.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 495.29 353.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 548.07 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 97.55 341.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 149.57 341.10 Td (due ) Tj ET Q q 0 0 0 rg BT 166.60 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.98 341.10 Td (shortened ) Tj ET Q q 0 0 0 rg BT 218.45 341.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 245.49 341.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 266.97 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.90 341.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 321.60 341.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 350.02 341.10 Td (including ) Tj ET Q q 0 0 0 rg BT 390.39 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 412.43 341.10 Td (abandonment, ) Tj ET Q q 0 0 0 rg BT 471.40 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.77 341.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 528.24 341.10 Td (with ) Tj ET Q q 0 0 0 rg BT 548.62 341.10 Td (site ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (closures ) Tj ET Q q 0 0 0 rg BT 85.09 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.85 329.10 Td (idled ) Tj ET Q q 0 0 0 rg BT 124.17 329.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 171.21 329.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 196.30 329.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 244.15 329.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 282.57 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.67 329.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 316.65 329.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 338.97 329.10 Td (also ) Tj ET Q q 0 0 0 rg BT 357.41 329.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.16 329.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 406.49 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.38 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.70 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.80 329.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 471.23 329.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 508.53 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.63 329.10 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 317.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 131.39 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 317.10 Td (business ) Tj ET Q q 0 0 0 rg BT 178.61 317.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.44 317.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 236.38 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.66 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.37 317.10 Td (elimination ) Tj ET Q q 0 0 0 rg BT 309.42 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.25 317.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 349.95 317.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 369.67 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.61 317.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 415.21 317.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 454.91 317.10 Td (operations.) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (79) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 123.96 742.10 Td (ges and other exit-related activities were comprised of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 678.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.25 678.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 678.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 678.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 678.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 678.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 678.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 678.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 678.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 648.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.25 648.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 648.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 648.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 648.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 648.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 648.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 648.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 648.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 618.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.25 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 618.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 618.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 618.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 588.60 133.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.25 588.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 588.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 588.60 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 588.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 588.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 588.60 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 588.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 588.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 538.60 133.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.25 538.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 538.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 538.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 538.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 538.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 538.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 538.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 538.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 489.60 133.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.25 489.60 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 489.60 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 489.60 7.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 489.60 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 489.60 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 489.60 7.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 489.60 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 489.60 43.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 455.60 223.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.25 455.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.25 455.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.25 455.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.25 455.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.25 455.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.25 455.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.25 455.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.25 455.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.25 455.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.25 455.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.25 455.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.25 455.60 43.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 716.6 m 226.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.25 716.6 m 230.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 716.6 m 273.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.25 716.6 m 277.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 716.6 m 320.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.25 716.6 m 327.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 716.6 m 370.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.25 716.6 m 374.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 716.6 m 417.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 716.6 m 421.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 716.6 m 464.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.25 716.6 m 471.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 716.6 m 514.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 716.6 m 518.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 716.6 m 561.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 716.6 m 226.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 701.6 m 226.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.25 701.6 m 230.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 701.6 m 273.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.25 701.6 m 277.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 701.6 m 320.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 701.6 m 370.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.25 701.6 m 374.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 701.6 m 417.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.25 701.6 m 421.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 701.6 m 464.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 716.6 m 514.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 701.6 m 514.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 716.6 m 518.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.25 701.6 m 518.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 716.6 m 561.25 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 701.6 m 561.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 678.6 m 226.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 678.6 m 273.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 678.6 m 320.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 701.6 m 370.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 678.6 m 370.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.25 701.6 m 374.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 701.6 m 417.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 678.6 m 417.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 678.6 m 464.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 701.6 m 514.25 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 678.6 m 514.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 678.6 m 561.25 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 618.6 m 226.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 618.6 m 273.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 618.6 m 370.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 618.6 m 417.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 618.6 m 514.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 618.6 m 226.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 603.6 m 226.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 618.6 m 273.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 603.6 m 273.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 618.6 m 320.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 603.6 m 320.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 618.6 m 370.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 603.6 m 370.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 618.6 m 417.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 603.6 m 417.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 618.6 m 464.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 603.6 m 464.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 618.6 m 514.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 603.6 m 514.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 618.6 m 561.25 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 603.6 m 561.25 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 538.6 m 226.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 538.6 m 273.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 538.6 m 320.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 538.6 m 370.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 538.6 m 417.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 538.6 m 514.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 538.6 m 226.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 538.6 m 273.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 538.6 m 320.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 514.6 m 320.25 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 538.6 m 370.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 538.6 m 417.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 538.6 m 464.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 538.6 m 514.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 538.6 m 561.25 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 514.6 m 226.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 183.25 489.6 m 226.25 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 514.6 m 273.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 230.25 489.6 m 273.25 489.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 277.25 489.6 m 320.25 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 514.6 m 370.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 327.25 489.6 m 370.25 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 514.6 m 417.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.25 489.6 m 417.25 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 514.6 m 464.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 489.6 m 464.25 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 514.6 m 514.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.25 489.6 m 514.25 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 514.6 m 561.25 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518.25 489.6 m 561.25 489.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.25 706.05 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.25 706.05 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.75 706.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.95 692.05 Td (All Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 193.70 683.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 239.50 692.05 Td (Q215) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.45 683.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.40 692.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.25 683.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.95 692.05 Td (All Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.70 683.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.50 692.05 Td (Q215) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.45 683.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.40 692.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.25 683.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.95 692.05 Td (All Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.70 683.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.40 692.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.25 683.05 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 668.27 Td (Restructuring charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.75 653.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.40 653.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.85 653.27 Td (4,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 653.27 Td (4,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.40 653.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.85 653.27 Td (5,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 653.27 Td (5,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.85 653.27 Td (4,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 653.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 653.27 Td (4,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.75 638.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.40 638.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.40 638.27 Td (796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 638.27 Td (1,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.40 638.27 Td (377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.85 638.27 Td (1,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 638.27 Td (1,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.85 638.27 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 638.27 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.75 623.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.40 623.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.40 623.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.40 623.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.85 623.27 Td (1,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.85 623.27 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 623.27 Td (3,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 623.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 623.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.75 608.27 Td (Total restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.40 608.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.85 608.27 Td (5,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 608.27 Td (6,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.85 608.27 Td (1,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.85 608.27 Td (8,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.85 608.27 Td (10,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.85 608.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 608.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 593.27 Td (Other exit-related activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.75 578.27 Td (Asset impairments and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 568.27 Td (accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.40 568.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.85 568.27 Td (3,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 568.27 Td (3,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.40 568.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.85 568.27 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 568.27 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 568.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 568.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.75 553.27 Td (Gains on exit-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.25 543.27 Td (disposals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.40 543.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.55 543.27 Td (\(1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.40 543.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.55 543.32 Td (\(1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.40 543.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.40 543.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.40 543.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.40 543.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.40 543.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.40 543.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.75 529.17 Td (Total other exit-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.75 519.17 Td (activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.40 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.85 519.27 Td (1,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 519.27 Td (1,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.40 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.85 519.27 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 519.27 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.40 519.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 519.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 504.27 Td (Total restructuring charges and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.75 494.27 Td (other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.40 494.27 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.85 494.27 Td (7,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 494.27 Td (7,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.85 494.27 Td (1,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.85 494.27 Td (15,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.85 494.27 Td (17,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.85 494.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 494.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 470.17 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.75 460.17 Td (included in continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.75 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 460.27 Td (6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.75 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.85 460.27 Td (13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.85 460.27 Td (6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 446.17 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.75 436.17 Td (included in discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.75 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 436.27 Td (1,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.75 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 436.27 Td (4,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.75 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 436.27 Td (137) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 387.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.25 387.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.25 387.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.25 387.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.25 387.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.25 387.60 51.00 -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 401.25 407.6 m 452.25 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.25 407.6 m 456.25 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.25 407.6 m 507.25 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.25 407.6 m 511.25 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.25 407.6 m 562.25 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.25 407.6 m 452.25 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.25 387.6 m 452.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.25 387.6 m 507.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.25 387.6 m 562.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.25 387.6 m 452.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.25 387.6 m 507.25 387.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.25 387.6 m 562.25 387.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 407.95 399.00 Td (All Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.70 390.05 Td (Plans) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.60 392.05 Td (Q215 Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 392.05 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.75 377.27 Td (Total restructuring charges to date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.75 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.90 377.27 Td (8,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.75 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.90 377.27 Td (14,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.75 377.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 377.27 Td (22,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.75 362.27 Td (Total expected restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.75 362.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.90 362.27 Td (8,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.75 362.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.90 362.27 Td (14,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.75 362.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 362.27 Td (22,572) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 340.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.31 340.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 125.30 340.10 Td (char) Tj ET Q q 0 0 0 rg BT 142.33 340.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 157.56 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.24 340.10 Td (date ) Tj ET Q q 0 0 0 rg BT 185.79 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.13 340.10 Td (total ) Tj ET Q q 0 0 0 rg BT 221.81 340.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 259.24 340.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 312.23 340.10 Td (char) Tj ET Q q 0 0 0 rg BT 329.26 340.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 344.49 340.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 384.71 340.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 430.50 340.10 Td (this ) Tj ET Q q 0 0 0 rg BT 446.85 340.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 468.18 340.10 Td (include ) Tj ET Q q 0 0 0 rg BT 499.52 340.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 521.42 340.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.21 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.87 328.10 Td (Q1'14, ) Tj ET Q q 0 0 0 rg BT 113.83 328.10 Td (Q1'15 ) Tj ET Q q 0 0 0 rg BT 140.28 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.16 328.10 Td (Q2'15 ) Tj ET Q q 0 0 0 rg BT 183.62 328.10 Td (Plans. ) Tj ET Q q 0 0 0 rg BT 210.22 328.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 236.54 328.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 258.98 328.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 312.51 328.10 Td (char) Tj ET Q q 0 0 0 rg BT 329.54 328.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 345.30 328.10 Td (also ) Tj ET Q q 0 0 0 rg BT 363.85 328.10 Td (include ) Tj ET Q q 0 0 0 rg BT 395.71 328.10 Td (an ) Tj ET Q q 0 0 0 rg BT 407.59 328.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 453.34 328.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 485.77 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.54 328.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 518.97 328.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 554.72 328.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.37 316.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.65 316.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 170.24 316.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 209.95 316.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 245.22 316.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 267.16 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.44 316.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 301.59 316.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.89 295.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.12 295.10 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 150.35 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.91 295.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 222.23 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.91 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.47 295.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 300.91 295.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 334.36 295.10 Td (by ) Tj ET Q q 0 0 0 rg BT 346.71 295.10 Td (major ) Tj ET Q q 0 0 0 rg BT 372.38 295.10 Td (type ) Tj ET Q q 0 0 0 rg BT 391.94 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.62 295.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 441.06 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.07 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.63 295.10 Td (years ) Tj ET Q q 0 0 0 rg BT 493.07 295.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.78 295.10 Td (August ) Tj ET Q q 0 0 0 rg BT 550.01 295.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.50 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 283.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.94 283.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 125.55 283.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.75 229.60 131.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.75 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.75 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.75 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.75 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.75 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.75 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.75 229.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.75 199.60 131.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.75 199.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.75 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.75 199.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.75 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.75 199.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.75 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.75 199.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.75 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.75 199.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.75 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.75 199.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.75 199.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.75 199.60 51.00 -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 180.75 258.6 m 231.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.75 258.6 m 235.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.75 258.6 m 286.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.75 258.6 m 290.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.75 258.6 m 341.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.75 258.6 m 345.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.75 258.6 m 396.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.75 258.6 m 400.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 258.6 m 451.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.75 258.6 m 455.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 258.6 m 506.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.75 258.6 m 510.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.75 258.6 m 561.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.75 229.60000000000002 m 231.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.75 229.60000000000002 m 286.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.75 229.60000000000002 m 341.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.75 229.60000000000002 m 396.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.75 258.6 m 400.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 258.6 m 451.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 229.60000000000002 m 451.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.75 258.6 m 455.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 258.6 m 506.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 229.60000000000002 m 506.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.75 258.6 m 510.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.75 258.6 m 561.75 258.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.75 229.60000000000002 m 561.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 229.60000000000002 m 451.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 229.60000000000002 m 506.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.75 229.60000000000002 m 561.75 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.75 184.60000000000002 m 231.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.75 184.60000000000002 m 286.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.75 184.60000000000002 m 341.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.75 184.60000000000002 m 396.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.75 184.60000000000002 m 400.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 184.60000000000002 m 451.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.75 184.60000000000002 m 455.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 184.60000000000002 m 506.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.75 184.60000000000002 m 510.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.75 184.60000000000002 m 561.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180.75 169.60000000000002 m 231.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235.75 169.60000000000002 m 286.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.75 169.60000000000002 m 341.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.75 169.60000000000002 m 396.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 396.75 169.60000000000002 m 400.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 184.60000000000002 m 451.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 400.75 169.60000000000002 m 451.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451.75 169.60000000000002 m 455.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 184.60000000000002 m 506.75 184.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.75 169.60000000000002 m 506.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.75 169.60000000000002 m 510.75 169.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.75 169.60000000000002 m 561.75 169.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.10 263.05 Td (Q215 Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 190.50 243.05 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.45 234.05 Td (8/31/2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.75 234.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.00 243.05 Td (Payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.95 234.05 Td (and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 355.50 243.05 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.45 234.05 Td (8/31/2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.75 234.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.00 243.05 Td (Payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.95 234.05 Td (and Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 243.05 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.45 234.05 Td (8/31/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.25 219.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.90 219.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.40 219.27 Td (5,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.05 219.32 Td (\(4,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.90 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.40 219.27 Td (1,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.40 219.27 Td (4,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.05 219.32 Td (\(5,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.25 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.90 219.27 Td (918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.25 204.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.90 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.40 204.27 Td (1,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.90 204.27 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.40 204.27 Td (1,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.90 204.27 Td (796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.55 204.32 Td (\(957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 204.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.40 204.27 Td (1,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.25 189.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.90 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.40 189.27 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.05 189.32 Td (\(2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.90 189.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.90 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.90 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.90 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.90 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 174.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.90 174.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.40 174.27 Td (8,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.05 174.32 Td (\(6,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.90 174.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.40 174.27 Td (2,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.40 174.27 Td (5,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.05 174.32 Td (\(6,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.90 174.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.25 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.40 174.27 Td (2,077) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 118.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.25 118.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.25 118.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.25 118.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.25 118.60 4.00 -15.00 re f /GS0 gs 0.8 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500.86 730.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 542.31 730.10 Td (\("All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.27 718.10 Td (Plans"\). ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.75 692.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 692.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 692.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 692.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.75 662.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.75 662.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.75 662.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.75 662.60 100.00 -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 357.75 692.6 m 457.75 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 692.6 m 561.75 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 692.6 m 457.75 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 692.6 m 561.75 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 647.6 m 457.75 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 647.6 m 561.75 647.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.75 632.6 m 457.75 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.75 632.6 m 561.75 632.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.25 697.05 Td (Total Charges to Date) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.40 697.05 Td (Total Expected Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.25 682.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.25 682.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.40 682.27 Td (15,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.25 682.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.40 682.27 Td (15,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.25 667.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 667.27 Td (3,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.40 667.27 Td (3,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.25 652.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.40 652.27 Td (3,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.40 652.27 Td (3,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.25 637.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.25 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.40 637.27 Td (22,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.25 637.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.40 637.27 Td (22,572) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 123.96 612.10 Td (ges and other exit-related activities by reportable segment were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 569.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 569.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 569.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 569.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 569.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 569.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 539.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 539.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 539.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 539.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 539.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 539.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 509.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 509.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 509.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 509.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 509.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 509.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 479.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 479.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 479.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 479.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 479.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 479.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 479.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 449.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 449.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 449.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 449.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 449.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 449.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 449.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 409.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 409.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 409.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 409.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 409.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 409.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 409.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 379.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 379.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 379.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 379.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 379.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 379.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 349.60 237.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 349.60 51.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 349.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 349.60 51.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 349.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 349.60 51.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 349.60 8.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 349.60 51.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 349.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 349.60 51.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 569.6 m 338.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 569.6 m 393.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 569.6 m 448.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 569.6 m 507.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 569.6 m 562.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 569.6 m 448.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 569.6 m 507.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 569.6 m 562.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 509.6 m 338.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 509.6 m 393.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 509.6 m 448.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 509.6 m 507.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 509.6 m 562.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 494.6 m 338.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 494.6 m 393.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 494.6 m 448.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 494.6 m 507.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 494.6 m 562.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 494.6 m 562.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 434.6 m 338.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 409.6 m 338.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 434.6 m 393.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 409.6 m 393.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 434.6 m 448.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 409.6 m 448.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 434.6 m 507.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 409.6 m 507.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 379.6 m 338.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 379.6 m 393.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 379.6 m 448.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 379.6 m 507.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 364.6 m 338.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 364.6 m 393.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 364.6 m 448.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 364.6 m 507.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 349.6 m 338.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 349.6 m 393.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 349.6 m 448.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 349.6 m 507.5 349.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 325.6 m 338.5 325.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 325.6 m 393.5 325.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 325.6 m 448.5 325.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 325.6 m 507.5 325.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 291.10 583.05 Td (Fiscal 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.50 574.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.10 583.05 Td (Fiscal 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.50 574.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.10 583.05 Td (Fiscal 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.50 574.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.65 592.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.60 583.05 Td (Charges to) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.50 574.05 Td (Date) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.65 592.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.75 583.05 Td (Expected) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 520.50 574.05 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.27 Td (Restructuring charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 544.27 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 544.27 Td (4,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 544.27 Td (6,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 544.27 Td (5,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 544.27 Td (15,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 544.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 544.27 Td (15,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 529.27 Td (Unallocated \(Corporate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 529.27 Td (943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 529.27 Td (2,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 529.27 Td (1,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 529.27 Td (4,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 529.27 Td (4,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 514.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 514.27 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 514.27 Td (1,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 514.27 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 514.27 Td (1,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 514.27 Td (1,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 499.27 Td (Total restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 499.27 Td (6,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 499.27 Td (10,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 499.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 499.27 Td (22,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 499.27 Td (22,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.27 Td (Other exit-related activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 469.27 Td (Asset impairments and accelerated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 454.27 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 454.27 Td (2,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 454.27 Td (3,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 454.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 454.27 Td (6,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 439.27 Td (Discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 439.27 Td (947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 439.27 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 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1 rg /GS0 gs 493.50 336.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 306.75 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 306.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 306.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 306.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 306.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 306.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 266.75 228.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 266.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 266.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 266.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 266.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 266.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 266.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 266.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 226.75 228.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 226.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 226.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 226.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 226.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 226.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 226.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 226.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 189.75 228.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 189.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 189.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 189.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 189.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 189.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 189.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 189.75 68.00 -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 277.5 637.75 m 345.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 637.75 m 417.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 637.75 m 489.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 637.75 m 561.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 585.75 m 345.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 585.75 m 417.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 585.75 m 345.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 560.75 m 345.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 585.75 m 417.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 560.75 m 417.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 585.75 m 489.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 560.75 m 489.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 585.75 m 561.5 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 560.75 m 561.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 523.75 m 345.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 523.75 m 417.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 523.75 m 489.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 523.75 m 561.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 501.75 m 345.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 501.75 m 417.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 501.75 m 489.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 501.75 m 561.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 486.75 m 417.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 486.75 m 345.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 486.75 m 417.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 486.75 m 489.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 486.75 m 561.5 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 441.75 m 345.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 441.75 m 417.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 441.75 m 489.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 441.75 m 345.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 416.75 m 345.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 441.75 m 417.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 416.75 m 417.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 441.75 m 489.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 416.75 m 489.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 441.75 m 561.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 416.75 m 561.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 416.75 m 345.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 416.75 m 417.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 416.75 m 489.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 376.75 m 345.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 376.75 m 417.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 376.75 m 489.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 376.75 m 345.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 351.75 m 345.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 376.75 m 417.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 351.75 m 417.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 376.75 m 489.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 376.75 m 561.5 376.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 351.75 m 489.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 351.75 m 561.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 336.75 m 345.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 336.75 m 417.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 336.75 m 489.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 336.75 m 561.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 291.75 m 345.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 266.75 m 345.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 291.75 m 417.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 266.75 m 417.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 291.75 m 489.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 266.75 m 489.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 291.75 m 561.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 266.75 m 561.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 226.75 m 345.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 204.75 m 345.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 226.75 m 417.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 204.75 m 417.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 226.75 m 489.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 204.75 m 489.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 226.75 m 561.5 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 204.75 m 561.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 189.75 m 345.5 189.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 174.75 m 345.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 189.75 m 417.5 189.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 174.75 m 417.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 189.75 m 489.5 189.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 174.75 m 489.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 189.75 m 561.5 189.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 174.75 m 561.5 174.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.05 669.20 Td (Foreign) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.55 660.20 Td (Currency) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.80 651.20 Td (Translation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.45 642.20 Td (Adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.95 651.20 Td (Pension) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.45 642.20 Td (Obligations, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.20 669.20 Td (Net Unrealized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.70 660.20 Td (Gain \(Loss\) on) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.60 651.20 Td (Cash Flow) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.00 642.20 Td (Hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.15 642.20 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 627.42 Td (Balance as of August 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 627.47 Td (\(6,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 627.47 Td (\(2,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 627.47 Td (\(121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 627.47 Td (\(9,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 613.32 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 603.37 Td (reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 605.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 605.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 605.47 Td (\(234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 605.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 605.42 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 605.47 Td (\(4,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 605.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 590.42 Td (Income tax benefit \(expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 590.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 590.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 590.47 Td (\(81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 590.47 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 590.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 575.42 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 565.42 Td (reclassifications, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 565.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 565.47 Td (\(160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 565.42 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 565.47 Td (\(4,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 551.32 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 541.37 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 543.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 543.42 Td (1,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 543.47 Td (\(151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 543.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 543.42 Td (1,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 528.42 Td (Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 528.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 528.47 Td (\(542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 528.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 528.42 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 528.47 Td (\(456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 528.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 514.32 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 504.37 Td (comprehensive loss, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 506.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 506.42 Td (941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 506.47 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 506.42 Td (876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 491.42 Td (Net periodic other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 491.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 491.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 491.42 Td (781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 491.42 Td (179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 491.47 Td (\(3,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 491.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 476.42 Td (Balance as of August 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 476.47 Td (\(10,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 476.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 476.47 Td (\(2,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 476.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 476.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 476.47 Td (\(12,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 476.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 461.42 Td (Other comprehensive loss before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 461.47 Td (\(23,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 461.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 461.47 Td (\(2,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 461.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.80 461.47 Td (\(5,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 461.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 461.47 Td (\(31,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 461.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 446.42 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 446.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 446.42 Td (260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 446.42 Td (428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 446.42 Td (688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 431.42 Td (Other comprehensive loss before reclassifications,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 421.42 Td (net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 421.47 Td (\(23,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 421.47 Td (\(2,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.80 421.47 Td (\(4,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 421.47 Td (\(30,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 421.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 406.42 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 396.42 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 396.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 396.42 Td (575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 396.42 Td (4,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 396.42 Td (5,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 381.42 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 381.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 381.47 Td (\(198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 381.47 Td (\(339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 381.47 Td (\(537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 381.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 366.42 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 356.42 Td (comprehensive loss, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 356.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 356.42 Td (377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 356.42 Td (4,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 356.42 Td (4,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 341.42 Td (Net periodic other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 341.47 Td (\(23,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 341.47 Td (\(2,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 341.47 Td (\(298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 341.47 Td (\(25,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 326.42 Td (Balance as of August 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 326.47 Td (\(34,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 326.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 326.47 Td (\(4,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 326.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.30 326.47 Td (\(240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 326.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 326.47 Td (\(38,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 326.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 311.42 Td (Other comprehensive loss before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.30 311.47 Td (\(530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 311.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 311.47 Td (\(2,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 311.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 311.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 311.47 Td (\(2,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 311.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 296.42 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 296.42 Td (167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 296.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 296.42 Td (167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 281.42 Td (Other comprehensive loss before reclassifications,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 271.42 Td (net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.30 271.47 Td (\(530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 271.47 Td (\(1,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 271.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 271.47 Td (\(2,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 256.42 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 246.42 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 246.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 246.42 Td (688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 246.42 Td (312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 246.42 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 231.42 Td (Income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 231.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 231.47 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 231.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 231.47 Td (\(72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 231.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 231.47 Td (\(91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 231.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 217.32 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 207.37 Td (comprehensive loss, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 209.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 209.42 Td (669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 209.42 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 209.42 Td (909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 194.42 Td (Net periodic other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.30 194.47 Td (\(530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 194.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 194.47 Td (\(1,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 194.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 194.42 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 194.47 Td (\(1,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 194.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 179.42 Td (Balance as of August 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 179.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.80 179.47 Td (\(34,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 179.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 179.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 179.47 Td (\(5,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 179.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 179.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 179.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 179.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 179.47 Td (\(40,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 179.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Reclassifications ) Tj ET Q q 0 0 0 rg BT 121.13 154.25 Td (from ) Tj ET Q q 0 0 0 rg BT 143.93 154.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 197.82 154.25 Td (other ) Tj ET Q q 0 0 0 rg BT 221.74 154.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 285.64 154.25 Td (loss, ) Tj ET Q q 0 0 0 rg BT 307.07 154.25 Td (both ) Tj ET Q q 0 0 0 rg BT 328.21 154.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 379.91 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.71 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.86 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.44 154.25 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 469.17 154.25 Td (were ) Tj ET Q q 0 0 0 rg BT 491.97 154.25 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 538.65 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 154.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 89.15 142.25 Td (captions ) Tj ET Q q 0 0 0 rg BT 124.98 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.25 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.97 142.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 205.24 142.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 251.63 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.46 142.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 308.83 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 319.11 142.25 Td (all ) Tj ET Q q 0 0 0 rg BT 331.61 142.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 363.54 142.25 Td (presented.) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (82) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Note 12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 731.25 Td ( Derivative Financial Instruments ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 710.25 Td (Foreign Currency Exchange Rate Risk Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 693.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 693.25 Td (o ) Tj ET Q q 0 0 0 rg BT 62.93 693.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 96.55 693.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 135.17 693.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.47 693.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 176.87 693.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 217.14 693.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 234.65 693.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 254.67 693.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.41 693.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 310.82 693.25 Td (has ) Tj ET Q q 0 0 0 rg BT 326.67 693.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 358.62 693.25 Td (into ) Tj ET Q q 0 0 0 rg BT 376.70 693.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 408.10 693.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 445.59 693.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 479.77 693.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 518.38 693.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.68 693.25 Td (stabilize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 681.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.05 681.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 83.67 681.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 108.82 681.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 140.65 681.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.81 681.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.86 681.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 210.57 681.25 Td (at ) Tj ET Q q 0 0 0 rg BT 219.62 681.25 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 264.91 681.25 Td (The ) Tj ET Q q 0 0 0 rg BT 282.29 681.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 323.01 681.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 367.06 681.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 398.32 681.25 Td (into ) Tj ET Q q 0 0 0 rg BT 415.71 681.25 Td (a ) Tj ET Q q 0 0 0 rg BT 421.98 681.25 Td (series ) Tj ET Q q 0 0 0 rg BT 446.58 681.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.74 681.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.45 681.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 524.26 681.25 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 669.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 84.50 669.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 123.45 669.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.08 669.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 150.83 669.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 171.46 669.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 201.53 669.25 Td (in ) Tj ET Q q 0 0 0 rg BT 212.17 669.25 Td (order ) Tj ET Q q 0 0 0 rg BT 236.12 669.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.75 669.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 273.48 669.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.77 669.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 312.51 669.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.70 669.25 Td (its ) Tj ET Q q 0 0 0 rg BT 336.00 669.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 374.95 669.25 Td (to ) Tj ET Q q 0 0 0 rg BT 385.59 669.25 Td (fluctuating ) Tj ET Q q 0 0 0 rg BT 431.76 669.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 453.49 669.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.68 669.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 505.28 669.25 Td (on ) Tj ET Q q 0 0 0 rg BT 518.14 669.25 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 657.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.71 657.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 92.83 657.25 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 149.74 657.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 171.11 657.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.03 657.25 Td (its ) Tj ET Q q 0 0 0 rg BT 194.41 657.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 234.10 657.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 277.13 657.25 Td (with ) Tj ET Q q 0 0 0 rg BT 296.84 657.25 Td (a ) Tj ET Q q 0 0 0 rg BT 303.20 657.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 345.67 657.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 382.57 657.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.83 657.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.97 657.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 446.66 657.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 469.43 657.25 Td (. ) Tj ET Q q 0 0 0 rg BT 473.72 657.25 Td (The ) Tj ET Q q 0 0 0 rg BT 491.19 657.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.01 657.25 Td (utilized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 645.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 109.24 645.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 142.37 645.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 181.60 645.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 229.73 645.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.42 645.25 Td (of) Tj ET Q q 0 0 0 rg BT 256.57 645.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 290.82 645.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 338.95 645.25 Td (with ) Tj ET Q q 0 0 0 rg BT 360.99 645.25 Td (external ) Tj ET Q q 0 0 0 rg BT 397.44 645.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 458.34 645.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.37 645.25 Td (order ) Tj ET Q q 0 0 0 rg BT 495.73 645.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.76 645.25 Td (designate ) Tj ET Q q 0 0 0 rg BT 549.78 645.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 633.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 109.73 633.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 158.36 633.25 Td (as ) Tj ET Q q 0 0 0 rg BT 171.44 633.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 208.41 633.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 262.32 633.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 288.17 633.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.14 633.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 327.67 633.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 350.80 633.25 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 410.53 633.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 434.72 633.25 Td (have ) Tj ET Q q 0 0 0 rg BT 458.35 633.25 Td (been ) Tj ET Q q 0 0 0 rg BT 481.98 633.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 530.59 633.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 633.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.47 621.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 156.70 621.25 Td (collected, ) Tj ET Q q 0 0 0 rg BT 197.55 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.03 621.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 253.17 621.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 285.42 621.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 316.56 621.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 353.80 621.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 393.81 621.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 427.72 621.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 466.08 621.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.12 621.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 492.27 621.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 532.29 621.25 Td (dollars, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 91.14 609.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.85 609.25 Td (result ) Tj ET Q q 0 0 0 rg BT 122.34 609.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 152.38 609.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.43 609.25 Td (net ) Tj ET Q q 0 0 0 rg BT 176.91 609.25 Td (settling ) Tj ET Q q 0 0 0 rg BT 208.63 609.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.11 609.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 261.48 609.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.52 609.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 287.68 609.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 307.73 609.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 339.55 609.25 Td (The ) Tj ET Q q 0 0 0 rg BT 357.37 609.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 388.52 609.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 425.76 609.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 465.79 609.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 499.71 609.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 538.07 609.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.12 609.25 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 90.26 597.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 119.98 597.25 Td (are ) Tj ET Q q 0 0 0 rg BT 134.69 597.25 Td (not ) Tj ET Q q 0 0 0 rg BT 149.97 597.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 195.23 597.25 Td (as ) Tj ET Q q 0 0 0 rg BT 206.06 597.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 240.78 597.25 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.16 576.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.66 576.25 Td (did ) Tj ET Q q 0 0 0 rg BT 125.06 576.25 Td (not ) Tj ET Q q 0 0 0 rg BT 140.45 576.25 Td (have ) Tj ET Q q 0 0 0 rg BT 161.94 576.25 Td (any ) Tj ET Q q 0 0 0 rg BT 178.99 576.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 210.49 576.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 248.08 576.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 288.44 576.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 322.71 576.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 361.42 576.25 Td (as ) Tj ET Q q 0 0 0 rg BT 372.36 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.73 576.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 429.24 576.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 454.35 576.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.41 576.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.24 576.25 Td (results ) Tj ET Q q 0 0 0 rg BT 514.96 576.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.90 576.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.95 564.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 98.90 564.25 Td (during ) Tj ET Q q 0 0 0 rg BT 126.96 564.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 150.58 564.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 172.53 564.25 Td (were ) Tj ET Q q 0 0 0 rg BT 193.92 564.25 Td (immaterial. ) Tj ET Q q 0 0 0 rg BT 241.26 564.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 290.60 564.25 Td (, ) Tj ET Q q 0 0 0 rg BT 295.06 564.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.23 564.25 Td (results ) Tj ET Q q 0 0 0 rg BT 337.30 564.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.59 564.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 378.42 564.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 415.35 564.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 455.07 564.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 488.67 564.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 526.73 564.25 Td (for ) Tj ET Q q 0 0 0 rg BT 540.34 564.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.50 552.25 Td (are ) Tj ET Q q 0 0 0 rg BT 87.21 552.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 125.80 552.25 Td (from ) Tj ET Q q 0 0 0 rg BT 147.74 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 552.25 Td (tabular ) Tj ET Q q 0 0 0 rg BT 192.72 552.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 239.66 552.25 Td (below) Tj ET Q q 0 0 0 rg BT 263.45 552.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.25 Td (The fair value of derivative instruments in the Consolidated Balance Sheet as of ) Tj ET Q q 0 0 0 rg BT 371.85 531.25 Td (August 31, 2015 is as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 491.75 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 491.75 173.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 491.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 491.75 96.00 -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 288.5 505.75 m 461.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 491.75 m 461.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 505.75 m 465.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 491.75 m 465.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 505.75 m 561.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 491.75 m 561.5 491.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.75 510.20 Td (Asset \(Liability\) Derivatives) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.50 496.20 Td (Balance Sheet Location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.35 496.20 Td (August 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.32 Td (Foreign currency exchange forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 481.42 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 481.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 467.32 Td (Foreign currency exchange forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.45 466.42 Td (Other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 466.47 Td (\(751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 466.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.42 441.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.18 441.25 Td (table ) Tj ET Q q 0 0 0 rg BT 129.48 441.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 179.12 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.21 441.25 Td (results ) Tj ET Q q 0 0 0 rg BT 221.19 441.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.39 441.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 262.14 441.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 298.98 441.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 338.61 441.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 384.35 441.25 Td (for ) Tj ET Q q 0 0 0 rg BT 397.88 441.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.97 441.25 Td (years ) Tj ET Q q 0 0 0 rg BT 434.94 441.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 460.28 441.25 Td (August ) Tj ET Q q 0 0 0 rg BT 491.04 441.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 502.91 441.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 515.89 441.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 361.75 122.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 361.75 69.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 361.75 4.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 361.75 49.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 361.75 4.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 361.75 67.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 361.75 4.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 361.75 69.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 361.75 4.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 361.75 49.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 361.75 4.00 -50.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 361.75 67.00 -50.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 416.75 m 240.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 416.75 m 244.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 416.75 m 293.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 416.75 m 297.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 416.75 m 364.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 416.75 m 368.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 416.75 m 437.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 416.75 m 441.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 416.75 m 490.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 416.75 m 494.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 416.75 m 561.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 416.75 m 240.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 402.75 m 240.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 416.75 m 244.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 402.75 m 244.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 416.75 m 293.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 402.75 m 293.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 416.75 m 297.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 402.75 m 297.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 416.75 m 364.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 402.75 m 364.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 416.75 m 368.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 416.75 m 437.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 402.75 m 437.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 416.75 m 441.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 402.75 m 441.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 416.75 m 490.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 402.75 m 490.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 416.75 m 494.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 402.75 m 494.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 416.75 m 561.5 416.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 402.75 m 561.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 361.75 m 240.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 361.75 m 293.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 361.75 m 364.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 361.75 m 437.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 361.75 m 490.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 361.75 m 561.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 361.75 m 240.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 361.75 m 293.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 361.75 m 364.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 361.75 m 437.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 361.75 m 490.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 361.75 m 561.5 361.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.50 421.20 Td (Derivative Gain \(Loss\) Recognized in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.10 407.20 Td (Fiscal 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 443.10 407.20 Td (Fiscal 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 194.05 384.20 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.55 375.20 Td (Comprehensive) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 191.25 366.20 Td (Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 247.60 384.20 Td (Revenues -) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.50 375.20 Td (Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.00 366.20 Td (Portion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.70 375.20 Td (Other Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.25 366.20 Td (\(Expense\), net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 391.05 384.20 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.55 375.20 Td (Comprehensive) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.25 366.20 Td (Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 444.60 384.20 Td (Revenues -) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.50 375.20 Td (Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.00 366.20 Td (Portion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.70 375.20 Td (Other Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.25 366.20 Td (\(Expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.42 Td (Foreign currency exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 336.42 Td (forward contracts -) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 326.42 Td (designated as cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 316.42 Td (hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.80 316.42 Td (\(5,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.80 316.42 Td (\(4,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 316.42 Td (216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 316.42 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 316.42 Td (249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.00 316.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 316.42 Td (112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 296.42 Td (Foreign currency exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 286.42 Td (forward contracts - not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 276.42 Td (designated as cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 266.42 Td (hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 266.47 Td (\(87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 266.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 266.47 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 266.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (There ) Tj ET Q q 0 0 0 rg BT 74.87 241.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.97 241.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.97 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.52 241.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 128.95 241.25 Td (inef) Tj ET Q q 0 0 0 rg BT 144.31 241.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 190.29 241.25 Td (with ) Tj ET Q q 0 0 0 rg BT 209.61 241.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 239.48 241.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.81 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.58 241.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 293.00 241.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 329.53 241.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 368.83 241.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 388.15 241.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 408.03 241.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 437.35 241.25 Td (for ) Tj ET Q q 0 0 0 rg BT 450.56 241.25 Td (any ) Tj ET Q q 0 0 0 rg BT 466.55 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.43 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.20 241.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 521.19 241.25 Td (presented.) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (83) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 731.25 Td (Note 13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.99 731.25 Td ( Employee Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 710.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.33 710.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.00 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.22 710.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 153.21 710.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.32 710.25 Td (its ) Tj ET Q q 0 0 0 rg BT 174.55 710.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 223.56 710.25 Td (have ) Tj ET Q q 0 0 0 rg BT 244.22 710.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 281.54 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.76 710.25 Td (nonqualified ) Tj ET Q q 0 0 0 rg BT 350.09 710.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 392.96 710.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 415.85 710.25 Td (covering ) Tj ET Q q 0 0 0 rg BT 452.62 710.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 504.96 710.25 Td (all ) Tj ET Q q 0 0 0 rg BT 516.74 710.25 Td (employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.25 Td (These ) Tj ET Q q 0 0 0 rg BT 76.21 698.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 99.65 698.25 Td (include ) Tj ET Q q 0 0 0 rg BT 131.41 698.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.18 698.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 170.50 698.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 200.59 698.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 234.03 698.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 256.08 698.25 Td (a ) Tj ET Q q 0 0 0 rg BT 262.85 698.25 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 318.50 698.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 359.14 698.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 402.56 698.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 432.65 698.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 452.20 698.25 Td (\(SERBP\), ) Tj ET Q q 0 0 0 rg BT 503.14 698.25 Td (multiemployer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 83.61 686.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 107.22 686.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.16 686.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 156.64 686.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 208.02 686.25 Td (plans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (Defined Benefit Pension Plan and Supplemental Executive Retirement Benefit Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.44 647.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.21 647.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 151.98 647.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.31 647.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 197.74 647.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 230.62 647.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 261.27 647.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 295.27 647.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 315.38 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 329.93 647.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 360.02 647.25 Td (nonunion ) Tj ET Q q 0 0 0 rg BT 400.69 647.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 448.84 647.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 458.10 647.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 488.19 647.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 524.41 647.25 Td (2006, ) Tj ET Q q 0 0 0 rg BT 549.80 647.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.69 635.25 Td (froze ) Tj ET Q q 0 0 0 rg BT 115.03 635.25 Td (this ) Tj ET Q q 0 0 0 rg BT 132.28 635.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 152.30 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.54 635.25 Td (ceased ) Tj ET Q q 0 0 0 rg BT 198.99 635.25 Td (accruing ) Tj ET Q q 0 0 0 rg BT 236.22 635.25 Td (further ) Tj ET Q q 0 0 0 rg BT 266.23 635.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 300.68 635.25 Td (for ) Tj ET Q q 0 0 0 rg BT 315.15 635.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 356.82 635.25 Td (service. ) Tj ET Q q 0 0 0 rg BT 390.24 635.25 Td (The ) Tj ET Q q 0 0 0 rg BT 408.59 635.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 450.28 635.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 482.50 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.52 635.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 528.09 635.25 Td (status ) Tj ET Q q 0 0 0 rg BT 553.67 635.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.29 623.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 98.36 623.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 129.20 623.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 163.38 623.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 183.68 623.25 Td (as ) Tj ET Q q 0 0 0 rg BT 195.09 623.25 Td (a ) Tj ET Q q 0 0 0 rg BT 202.60 623.25 Td (net ) Tj ET Q q 0 0 0 rg BT 217.90 623.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 240.41 623.25 Td (or ) Tj ET Q q 0 0 0 rg BT 251.82 623.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 286.01 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.86 623.25 Td (its ) Tj ET Q q 0 0 0 rg BT 309.39 623.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 365.24 623.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 400.52 623.25 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 432.21 623.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 469.72 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 480.58 623.25 Td (its ) Tj ET Q q 0 0 0 rg BT 493.10 623.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 523.95 623.25 Td (status ) Tj ET Q q 0 0 0 rg BT 549.81 623.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.73 611.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.38 611.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 167.79 611.25 Td (income ) Tj ET Q q 0 0 0 rg BT 199.09 611.25 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 225.55 611.25 Td (The ) Tj ET Q q 0 0 0 rg BT 242.97 611.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.73 611.25 Td (amortizes ) Tj ET Q q 0 0 0 rg BT 324.47 611.25 Td (as ) Tj ET Q q 0 0 0 rg BT 334.67 611.25 Td (a ) Tj ET Q q 0 0 0 rg BT 340.98 611.25 Td (component ) Tj ET Q q 0 0 0 rg BT 387.29 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.49 611.25 Td (net ) Tj ET Q q 0 0 0 rg BT 411.58 611.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 446.21 611.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 479.19 611.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 508.83 611.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 526.81 611.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.12 611.25 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.88 599.25 Td (net ) Tj ET Q q 0 0 0 rg BT 89.26 599.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 108.64 599.25 Td (or ) Tj ET Q q 0 0 0 rg BT 119.13 599.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 136.86 599.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 172.34 599.25 Td (within ) Tj ET Q q 0 0 0 rg BT 200.06 599.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 252.75 599.25 Td (other ) Tj ET Q q 0 0 0 rg BT 275.46 599.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 338.16 599.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 355.89 599.25 Td (if ) Tj ET Q q 0 0 0 rg BT 364.16 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.54 599.25 Td (beginning-of-year ) Tj ET Q q 0 0 0 rg BT 452.90 599.25 Td (net ) Tj ET Q q 0 0 0 rg BT 467.28 599.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 486.66 599.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.16 599.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 514.88 599.25 Td (exceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.69 599.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.87 587.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 106.29 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.28 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.16 587.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 162.59 587.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 205.80 587.25 Td (or ) Tj ET Q q 0 0 0 rg BT 216.79 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.67 587.25 Td (market ) Tj ET Q q 0 0 0 rg BT 262.10 587.25 Td (value ) Tj ET Q q 0 0 0 rg BT 286.42 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.41 587.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 317.29 587.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 345.78 587.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 362.88 587.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 398.31 587.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 432.08 587.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 462.51 587.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 481.28 587.25 Td (was ) Tj ET Q q 0 0 0 rg BT 499.49 587.25 Td (not ) Tj ET Q q 0 0 0 rg BT 514.93 587.25 Td (material ) Tj ET Q q 0 0 0 rg BT 550.35 587.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.19 575.25 Td (years ) Tj ET Q q 0 0 0 rg BT 89.27 575.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.46 575.25 Td (August ) Tj ET Q q 0 0 0 rg BT 147.33 575.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.80 575.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 188.28 575.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 211.25 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.67 575.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.67 575.25 Td (. ) Tj ET Q q 0 0 0 rg BT 253.93 575.25 Td (The ) Tj ET Q q 0 0 0 rg BT 272.45 575.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 289.30 575.25 Td (value ) Tj ET Q q 0 0 0 rg BT 313.93 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.24 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.43 575.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 360.62 575.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.92 575.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.45 575.25 Td ($15 ) Tj ET Q q 0 0 0 rg BT 423.43 575.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.32 575.25 Td ( ) Tj ET Q q 0 0 0 rg BT 455.29 575.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.60 575.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.25 575.25 Td (August ) Tj ET Q q 0 0 0 rg BT 509.11 575.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.59 575.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 547.56 575.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 563.25 Td (, ) Tj ET Q q 0 0 0 rg BT 75.49 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.91 563.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.12 563.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 148.31 563.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 179.06 563.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 222.60 563.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.14 563.25 Td ($15 ) Tj ET Q q 0 0 0 rg BT 259.12 563.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.01 563.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.00 563.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.43 563.25 Td ($13 ) Tj ET Q q 0 0 0 rg BT 326.42 563.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.31 563.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.29 563.25 Td (as ) Tj ET Q q 0 0 0 rg BT 369.61 563.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.27 563.25 Td (August ) Tj ET Q q 0 0 0 rg BT 412.15 563.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 427.64 563.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 450.62 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.05 563.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.05 563.25 Td (, ) Tj ET Q q 0 0 0 rg BT 493.54 563.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 541.20 563.25 Td (. ) Tj ET Q q 0 0 0 rg BT 546.47 563.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 69.91 551.25 Td (was ) Tj ET Q q 0 0 0 rg BT 88.16 551.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 109.74 551.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 140.21 551.25 Td (with ) Tj ET Q q 0 0 0 rg BT 160.68 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.59 551.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 195.50 551.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 221.53 551.25 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 264.76 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.67 551.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 319.57 551.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 350.02 551.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 393.27 551.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.97 551.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 418.66 551.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.55 551.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.25 551.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.38 551.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 480.08 551.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.97 551.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.67 551.25 Td (as ) Tj ET Q q 0 0 0 rg BT 522.69 551.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.12 551.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.58 539.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 88.65 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.16 539.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.16 539.25 Td (, ) Tj ET Q q 0 0 0 rg BT 131.74 539.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 179.40 539.25 Td (. ) Tj ET Q q 0 0 0 rg BT 184.98 539.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 205.83 539.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 232.23 539.25 Td (were ) Tj ET Q q 0 0 0 rg BT 254.74 539.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 299.47 539.25 Td (entirely ) Tj ET Q q 0 0 0 rg BT 333.09 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.49 539.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 370.33 539.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 378.41 539.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 429.25 539.25 Td (as ) Tj ET Q q 0 0 0 rg BT 440.66 539.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.39 539.25 Td (August ) Tj ET Q q 0 0 0 rg BT 483.35 539.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 498.93 539.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 522.00 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.52 539.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 539.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.00 527.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 82.23 527.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 132.24 527.25 Td (are ) Tj ET Q q 0 0 0 rg BT 146.68 527.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 175.57 527.25 Td (based ) Tj ET Q q 0 0 0 rg BT 200.57 527.25 Td (on ) Tj ET Q q 0 0 0 rg BT 212.81 527.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 242.26 527.25 Td (market ) Tj ET Q q 0 0 0 rg BT 272.25 527.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 298.36 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.93 527.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 345.59 527.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 385.59 527.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.60 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.05 527.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 447.83 527.25 Td (market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.32 527.25 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.55 527.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.78 527.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 549.79 527.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.97 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.19 515.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.06 515.25 Td (made ) Tj ET Q q 0 0 0 rg BT 134.16 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.37 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.03 515.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 191.45 515.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 221.65 515.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 255.20 515.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 274.85 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.07 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.72 515.25 Td (future; ) Tj ET Q q 0 0 0 rg BT 328.82 515.25 Td (however) Tj ET Q q 0 0 0 rg BT 362.85 515.25 Td (, ) Tj ET Q q 0 0 0 rg BT 367.78 515.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 402.43 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.65 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.30 515.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 463.63 515.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 481.05 515.25 Td (or ) Tj ET Q q 0 0 0 rg BT 491.82 515.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 518.13 515.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 79.58 503.25 Td (that ) Tj ET Q q 0 0 0 rg BT 96.40 503.25 Td (are ) Tj ET Q q 0 0 0 rg BT 110.42 503.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 135.00 503.25 Td (than ) Tj ET Q q 0 0 0 rg BT 154.04 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.07 503.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 209.32 503.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 246.67 503.25 Td (return ) Tj ET Q q 0 0 0 rg BT 272.36 503.25 Td (on ) Tj ET Q q 0 0 0 rg BT 284.18 503.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 303.21 503.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 328.36 503.25 Td (could ) Tj ET Q q 0 0 0 rg BT 352.39 503.25 Td (result ) Tj ET Q q 0 0 0 rg BT 376.43 503.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.02 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.05 503.25 Td (need ) Tj ET Q q 0 0 0 rg BT 420.75 503.25 Td (for ) Tj ET Q q 0 0 0 rg BT 434.22 503.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.26 503.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 488.96 503.25 Td (to ) Tj ET Q q 0 0 0 rg BT 498.55 503.25 Td (make ) Tj ET Q q 0 0 0 rg BT 522.03 503.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (contributions. ) Tj ET Q q 0 0 0 rg BT 107.76 491.25 Td (The ) Tj ET Q q 0 0 0 rg BT 125.98 491.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 163.10 491.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 199.66 491.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 217.32 491.25 Td (used ) Tj ET Q q 0 0 0 rg BT 238.33 491.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.79 491.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 286.99 491.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 491.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 341.76 491.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 372.21 491.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 419.33 491.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.55 491.25 Td (3.22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.38 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 466.06 491.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.18 491.25 Td (4.10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.01 491.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.69 491.25 Td (as ) Tj ET Q q 0 0 0 rg BT 522.69 491.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.11 491.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.69 479.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 86.87 479.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.50 479.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 479.25 Td (, ) Tj ET Q q 0 0 0 rg BT 128.18 479.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 175.85 479.25 Td (. ) Tj ET Q q 0 0 0 rg BT 180.37 479.25 Td (The ) Tj ET Q q 0 0 0 rg BT 198.11 479.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.18 479.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 278.58 479.25 Td (future ) Tj ET Q q 0 0 0 rg BT 304.64 479.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 333.48 479.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 363.43 479.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 403.95 479.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.91 479.25 Td (be ) Tj ET Q q 0 0 0 rg BT 425.54 479.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.04 479.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 473.22 479.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.12 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 504.30 479.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.93 479.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 533.11 479.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (per ) Tj ET Q q 0 0 0 rg BT 65.27 467.25 Td (year) Tj ET Q q 0 0 0 rg BT 81.92 467.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.02 446.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.37 446.25 Td (also ) Tj ET Q q 0 0 0 rg BT 130.95 446.25 Td (has ) Tj ET Q q 0 0 0 rg BT 147.75 446.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.65 446.25 Td (nonqualified ) Tj ET Q q 0 0 0 rg BT 209.66 446.25 Td (SERBP) Tj ET Q q 0 0 0 rg BT 239.86 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.33 446.25 Td (for ) Tj ET Q q 0 0 0 rg BT 258.46 446.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.13 446.25 Td (executives. ) Tj ET Q q 0 0 0 rg BT 336.53 446.25 Td (A) Tj ET Q q 0 0 0 rg BT 343.20 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.67 446.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 387.34 446.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 408.59 446.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 430.39 446.25 Td (has ) Tj ET Q q 0 0 0 rg BT 447.19 446.25 Td (been ) Tj ET Q q 0 0 0 rg BT 469.53 446.25 Td (established ) Tj ET Q q 0 0 0 rg BT 517.43 446.25 Td (with ) Tj ET Q q 0 0 0 rg BT 538.68 446.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 86.56 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.58 434.25 Td (life ) Tj ET Q q 0 0 0 rg BT 114.14 434.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 155.69 434.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 190.03 434.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.26 434.25 Td (can ) Tj ET Q q 0 0 0 rg BT 225.37 434.25 Td (be ) Tj ET Q q 0 0 0 rg BT 238.05 434.25 Td (used ) Tj ET Q q 0 0 0 rg BT 259.62 434.25 Td (for ) Tj ET Q q 0 0 0 rg BT 274.51 434.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 294.96 434.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 332.36 434.25 Td (although ) Tj ET Q q 0 0 0 rg BT 370.59 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.04 434.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 407.61 434.25 Td (is ) Tj ET Q q 0 0 0 rg BT 417.51 434.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.08 434.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.09 434.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 489.43 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.00 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.45 434.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 434.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (general ) Tj ET Q q 0 0 0 rg BT 81.61 422.25 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 121.12 422.25 Td (The ) Tj ET Q q 0 0 0 rg BT 138.85 422.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 158.82 422.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 179.33 422.25 Td (is ) Tj ET Q q 0 0 0 rg BT 188.19 422.25 Td (included ) Tj ET Q q 0 0 0 rg BT 224.81 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.77 422.25 Td (other ) Tj ET Q q 0 0 0 rg BT 257.50 422.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.02 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.64 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.04 422.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 347.33 422.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 380.63 422.25 Td (is ) Tj ET Q q 0 0 0 rg BT 389.48 422.25 Td (included ) Tj ET Q q 0 0 0 rg BT 426.10 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.07 422.25 Td (other ) Tj ET Q q 0 0 0 rg BT 458.80 422.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 500.42 422.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 539.82 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 422.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 410.25 Td (s ) Tj ET Q q 0 0 0 rg BT 98.23 410.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 153.67 410.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 188.55 410.25 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 219.64 410.25 Td (The ) Tj ET Q q 0 0 0 rg BT 237.86 410.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 258.31 410.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 279.31 410.25 Td (is ) Tj ET Q q 0 0 0 rg BT 288.65 410.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 317.98 410.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.87 410.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 340.54 410.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.43 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.10 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 383.11 410.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.52 410.25 Td (August ) Tj ET Q q 0 0 0 rg BT 425.08 410.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 440.26 410.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 462.93 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.04 410.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.04 410.25 Td (. ) Tj ET Q q 0 0 0 rg BT 505.02 410.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.24 410.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 543.69 410.25 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (assets) Tj ET Q q 0 0 0 rg BT 75.92 398.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.56 398.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 102.30 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.38 398.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 145.91 398.25 Td (are ) Tj ET Q q 0 0 0 rg BT 160.76 398.25 Td (included ) Tj ET Q q 0 0 0 rg BT 197.83 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.25 398.25 Td (other ) Tj ET Q q 0 0 0 rg BT 231.44 398.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 266.01 398.25 Td (net ) Tj ET Q q 0 0 0 rg BT 280.86 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.28 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.14 398.25 Td (Company) Tj ET Q q 0 0 0 rg BT 347.80 398.25 Td (s ) Tj ET Q q 0 0 0 rg BT 354.33 398.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 409.75 398.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 456.27 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.24 398.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 516.06 398.25 Td (The ) Tj ET Q q 0 0 0 rg BT 534.25 398.25 Td (benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 92.67 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.24 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.58 386.25 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 163.47 386.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 195.59 386.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.14 386.25 Td ($4 ) Tj ET Q q 0 0 0 rg BT 229.26 386.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 386.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.28 386.25 Td (as ) Tj ET Q q 0 0 0 rg BT 270.73 386.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.71 386.25 Td (August ) Tj ET Q q 0 0 0 rg BT 311.73 386.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 326.35 386.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 348.47 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.04 386.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.04 386.25 Td (. ) Tj ET Q q 0 0 0 rg BT 389.66 386.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 406.22 386.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 441.11 386.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 474.34 386.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 492.57 386.25 Td (under ) Tj ET Q q 0 0 0 rg BT 517.46 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.80 386.25 Td (SERBP) Tj ET Q q 0 0 0 rg BT 562.00 386.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (was ) Tj ET Q q 0 0 0 rg BT 68.05 374.25 Td (not ) Tj ET Q q 0 0 0 rg BT 83.33 374.25 Td (material ) Tj ET Q q 0 0 0 rg BT 118.59 374.25 Td (for ) Tj ET Q q 0 0 0 rg BT 132.75 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.47 374.25 Td (years ) Tj ET Q q 0 0 0 rg BT 171.06 374.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.89 374.25 Td (August ) Tj ET Q q 0 0 0 rg BT 228.28 374.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.28 374.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 268.28 374.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 290.78 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.72 374.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.72 374.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 84.67 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.25 353.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 129.59 353.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 158.72 353.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 191.18 353.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 209.76 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.56 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.13 353.25 Td (SERBP) Tj ET Q q 0 0 0 rg BT 269.33 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.69 353.25 Td (are ) Tj ET Q q 0 0 0 rg BT 284.26 353.25 Td (not ) Tj ET Q q 0 0 0 rg BT 298.40 353.25 Td (material ) Tj ET Q q 0 0 0 rg BT 332.51 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.65 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.23 353.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 409.36 353.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 447.93 353.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 495.67 353.25 Td (other ) Tj ET Q q 0 0 0 rg BT 517.58 353.25 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (required ) Tj ET Q q 0 0 0 rg BT 85.82 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 98.32 341.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.60 341.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 145.45 341.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.95 341.25 Td (have ) Tj ET Q q 0 0 0 rg BT 169.33 341.25 Td (been ) Tj ET Q q 0 0 0 rg BT 190.71 341.25 Td (omitted.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td (Multiemployer Pension Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (The ) Tj ET Q q 0 0 0 rg BT 70.89 302.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.12 302.25 Td (contributes ) Tj ET Q q 0 0 0 rg BT 164.90 302.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 302.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.02 302.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.36 302.25 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 257.58 302.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 294.04 302.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 320.49 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.61 302.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 383.92 302.25 Td (with ) Tj ET Q q 0 0 0 rg BT 407.04 302.25 Td (its ) Tj ET Q q 0 0 0 rg BT 421.83 302.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 466.04 302.25 Td (bar) Tj ET Q q 0 0 0 rg BT 478.63 302.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 513.97 302.25 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (Multiemployer ) Tj ET Q q 0 0 0 rg BT 111.78 290.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 144.69 290.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 167.59 290.25 Td (are ) Tj ET Q q 0 0 0 rg BT 181.59 290.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 213.37 290.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 242.93 290.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 265.83 290.25 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 308.18 290.25 Td (by ) Tj ET Q q 0 0 0 rg BT 319.97 290.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 355.10 290.25 Td (employers ) Tj ET Q q 0 0 0 rg BT 398.55 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.12 290.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 454.88 290.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.45 290.25 Td (one ) Tj ET Q q 0 0 0 rg BT 490.68 290.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.81 290.25 Td (more ) Tj ET Q q 0 0 0 rg BT 523.15 290.25 Td (collective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (bar) Tj ET Q q 0 0 0 rg BT 62.59 278.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 95.22 278.25 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 145.71 278.25 Td (The ) Tj ET Q q 0 0 0 rg BT 163.90 278.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 187.65 278.25 Td (are ) Tj ET Q q 0 0 0 rg BT 202.49 278.25 Td (jointly ) Tj ET Q q 0 0 0 rg BT 231.25 278.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 269.98 278.25 Td (by ) Tj ET Q q 0 0 0 rg BT 282.63 278.25 Td (trustees ) Tj ET Q q 0 0 0 rg BT 315.81 278.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.45 278.25 Td (include ) Tj ET Q q 0 0 0 rg BT 365.53 278.25 Td (representatives ) Tj ET Q q 0 0 0 rg BT 428.14 278.25 Td (from ) Tj ET Q q 0 0 0 rg BT 450.22 278.25 Td (both ) Tj ET Q q 0 0 0 rg BT 470.64 278.25 Td (management ) Tj ET Q q 0 0 0 rg BT 524.37 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 278.25 Td (labor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (unions. ) Tj ET Q q 0 0 0 rg BT 81.43 266.25 Td (Contributions ) Tj ET Q q 0 0 0 rg BT 138.69 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.73 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.20 266.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 186.57 266.25 Td (are ) Tj ET Q q 0 0 0 rg BT 201.04 266.25 Td (made ) Tj ET Q q 0 0 0 rg BT 224.95 266.25 Td (based ) Tj ET Q q 0 0 0 rg BT 249.98 266.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 272.23 266.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.93 266.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 301.74 266.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 318.98 266.25 Td (per ) Tj ET Q q 0 0 0 rg BT 334.01 266.25 Td (hour ) Tj ET Q q 0 0 0 rg BT 354.59 266.25 Td (worked ) Tj ET Q q 0 0 0 rg BT 386.84 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.54 266.25 Td (are ) Tj ET Q q 0 0 0 rg BT 418.01 266.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 446.91 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.95 266.25 Td (by ) Tj ET Q q 0 0 0 rg BT 469.20 266.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 520.34 266.25 Td (employers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.11 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.00 254.25 Td (unions ) Tj ET Q q 0 0 0 rg BT 111.33 254.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.78 254.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 163.32 254.25 Td (bar) Tj ET Q q 0 0 0 rg BT 175.91 254.25 Td (gaining. ) Tj ET Q q 0 0 0 rg BT 211.07 254.25 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 243.18 254.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 269.17 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 284.05 254.25 Td (set ) Tj ET Q q 0 0 0 rg BT 297.83 254.25 Td (by ) Tj ET Q q 0 0 0 rg BT 310.50 254.25 Td (a ) Tj ET Q q 0 0 0 rg BT 317.61 254.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 338.61 254.25 Td (board ) Tj ET Q q 0 0 0 rg BT 364.05 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.05 254.25 Td (trustees ) Tj ET Q q 0 0 0 rg BT 408.27 254.25 Td (based ) Tj ET Q q 0 0 0 rg BT 433.70 254.25 Td (on ) Tj ET Q q 0 0 0 rg BT 446.37 254.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.26 254.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 490.02 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.02 254.25 Td (an ) Tj ET Q q 0 0 0 rg BT 513.13 254.25 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (actuary ) Tj ET Q q 0 0 0 rg BT 82.08 242.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 123.06 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.94 242.25 Td (level ) Tj ET Q q 0 0 0 rg BT 160.03 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.03 242.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 205.34 242.25 Td (that ) Tj ET Q q 0 0 0 rg BT 223.00 242.25 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 275.63 242.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 331.07 242.25 Td (can ) Tj ET Q q 0 0 0 rg BT 347.61 242.25 Td (be ) Tj ET Q q 0 0 0 rg BT 359.71 242.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 397.90 242.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.34 242.25 Td (support. ) Tj ET Q q 0 0 0 rg BT 443.31 242.25 Td (T) Tj ET Q q 0 0 0 rg BT 448.72 242.25 Td (o ) Tj ET Q q 0 0 0 rg BT 456.38 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.26 242.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 498.35 242.25 Td (that ) Tj ET Q q 0 0 0 rg BT 516.01 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.89 242.25 Td (pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 93.50 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.79 230.25 Td (other ) Tj ET Q q 0 0 0 rg BT 128.28 230.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 181.77 230.25 Td (employers ) Tj ET Q q 0 0 0 rg BT 226.38 230.25 Td (is ) Tj ET Q q 0 0 0 rg BT 236.00 230.25 Td (unfunded, ) Tj ET Q q 0 0 0 rg BT 279.22 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.39 230.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.23 230.25 Td (may ) Tj ET Q q 0 0 0 rg BT 356.40 230.25 Td (be ) Tj ET Q q 0 0 0 rg BT 368.79 230.25 Td (required ) Tj ET Q q 0 0 0 rg BT 405.05 230.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.78 230.25 Td (make ) Tj ET Q q 0 0 0 rg BT 440.39 230.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 483.33 230.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 539.06 230.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 230.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.66 218.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 107.49 218.25 Td (these ) Tj ET Q q 0 0 0 rg BT 130.53 218.25 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (One ) Tj ET Q q 0 0 0 rg BT 69.59 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.85 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.99 197.25 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 157.80 197.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 181.84 197.25 Td (that ) Tj ET Q q 0 0 0 rg BT 199.76 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.91 197.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 256.72 197.25 Td (contributes ) Tj ET Q q 0 0 0 rg BT 304.08 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.79 197.25 Td (is ) Tj ET Q q 0 0 0 rg BT 324.39 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.53 197.25 Td (Steelworkers ) Tj ET Q q 0 0 0 rg BT 394.46 197.25 Td (W) Tj ET Q q 0 0 0 rg BT 403.10 197.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 429.90 197.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 482.25 197.25 Td (Shops ) Tj ET Q q 0 0 0 rg BT 509.64 197.25 Td (Pension ) Tj ET Q q 0 0 0 rg BT 544.23 197.25 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (\(WISPP, ) Tj ET Q q 0 0 0 rg BT 96.11 185.25 Td (EIN ) Tj ET Q q 0 0 0 rg BT 114.72 185.25 Td (90-0169564, ) Tj ET Q q 0 0 0 rg BT 167.50 185.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 187.23 185.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 203.90 185.25 Td (001\) ) Tj ET Q q 0 0 0 rg BT 224.18 185.25 Td (benefiting ) Tj ET Q q 0 0 0 rg BT 266.67 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.84 185.25 Td (union ) Tj ET Q q 0 0 0 rg BT 305.56 185.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 350.28 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.56 185.25 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 386.13 185.25 Td (which ) Tj ET Q q 0 0 0 rg BT 412.52 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 426.68 185.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 460.27 185.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.22 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 478.61 185.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 519.43 185.25 Td (bar) Tj ET Q q 0 0 0 rg BT 532.01 185.25 Td (gaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.11 173.25 Td (that ) Tj ET Q q 0 0 0 rg BT 111.57 173.25 Td (will ) Tj ET Q q 0 0 0 rg BT 129.60 173.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 157.05 173.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.52 173.25 Td (March31, ) Tj ET Q q 0 0 0 rg BT 213.09 173.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.09 173.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.51 173.25 Td (As ) Tj ET Q q 0 0 0 rg BT 251.09 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.89 173.25 Td (October ) Tj ET Q q 0 0 0 rg BT 296.56 173.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 306.53 173.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 331.50 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.01 173.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 375.09 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 377.56 173.25 Td (had ) Tj ET Q q 0 0 0 rg BT 394.46 173.25 Td (an ) Tj ET Q q 0 0 0 rg BT 406.37 173.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 459.37 173.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 492.94 173.25 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 537.05 173.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 557.57 173.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 78.19 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.06 161.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 116.26 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.57 161.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 171.55 161.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 204.75 161.25 Td (requirements\) ) Tj ET Q q 0 0 0 rg BT 262.38 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.91 161.25 Td (was ) Tj ET Q q 0 0 0 rg BT 296.55 161.25 Td (certified ) Tj ET Q q 0 0 0 rg BT 331.95 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 341.82 161.25 Td (a ) Tj ET Q q 0 0 0 rg BT 348.35 161.25 Td (Red ) Tj ET Q q 0 0 0 rg BT 366.56 161.25 Td (Zone ) Tj ET Q q 0 0 0 rg BT 389.19 161.25 Td (Status, ) Tj ET Q q 0 0 0 rg BT 418.23 161.25 Td (as ) Tj ET Q q 0 0 0 rg BT 428.66 161.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 460.73 161.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.83 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 161.25 Td (Pension ) Tj ET Q q 0 0 0 rg BT 520.90 161.25 Td (Protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 67.09 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.08 149.25 Td (2006. ) Tj ET Q q 0 0 0 rg BT 102.64 149.25 Td (As ) Tj ET Q q 0 0 0 rg BT 116.41 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.40 149.25 Td (October ) Tj ET Q q 0 0 0 rg BT 162.26 149.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 172.41 149.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 197.56 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.24 149.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 241.32 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.98 149.25 Td (was ) Tj ET Q q 0 0 0 rg BT 262.18 149.25 Td (no ) Tj ET Q q 0 0 0 rg BT 274.84 149.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 303.04 149.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.47 149.25 Td (Red ) Tj ET Q q 0 0 0 rg BT 332.23 149.25 Td (Zone ) Tj ET Q q 0 0 0 rg BT 355.43 149.25 Td (Status, ) Tj ET Q q 0 0 0 rg BT 385.04 149.25 Td (having ) Tj ET Q q 0 0 0 rg BT 414.91 149.25 Td (been ) Tj ET Q q 0 0 0 rg BT 436.44 149.25 Td (certified ) Tj ET Q q 0 0 0 rg BT 472.40 149.25 Td (by ) Tj ET Q q 0 0 0 rg BT 485.05 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.93 149.25 Td (plan) Tj ET Q q 0 0 0 rg BT 519.92 149.25 Td (s ) Tj ET Q q 0 0 0 rg BT 526.47 149.25 Td (actuaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.39 137.25 Td (being ) Tj ET Q q 0 0 0 rg BT 84.67 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.51 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.79 137.25 Td (Green ) Tj ET Q q 0 0 0 rg BT 135.28 137.25 Td (Zone. ) Tj ET Q q 0 0 0 rg BT 160.24 137.25 Td (The ) Tj ET Q q 0 0 0 rg BT 177.85 137.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 218.80 137.25 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.40 137.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 278.46 137.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.36 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.42 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.26 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.39 137.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 362.47 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 364.53 137.25 Td (for ) Tj ET Q q 0 0 0 rg BT 378.25 137.25 Td (each ) Tj ET Q q 0 0 0 rg BT 398.63 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.02 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.30 137.25 Td (years ) Tj ET Q q 0 0 0 rg BT 446.46 137.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.95 137.25 Td (August ) Tj ET Q q 0 0 0 rg BT 502.90 137.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.46 137.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 542.02 137.25 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 125.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 125.25 Td (. ) Tj ET Q q 0 0 0 rg BT 91.76 125.25 Td (These ) Tj ET Q q 0 0 0 rg BT 118.13 125.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 173.41 125.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 221.99 125.25 Td (more ) Tj ET Q q 0 0 0 rg BT 245.04 125.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.76 125.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.09 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.59 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.42 125.25 Td (total ) Tj ET Q q 0 0 0 rg BT 311.69 125.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 366.96 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.24 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.78 125.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 420.86 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 423.36 125.25 Td (for ) Tj ET Q q 0 0 0 rg BT 437.52 125.25 Td (each ) Tj ET Q q 0 0 0 rg BT 458.33 125.25 Td (year) Tj ET Q q 0 0 0 rg BT 474.99 125.25 Td (. ) Tj ET Q endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (84) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.27 731.10 Td (2004, ) Tj ET Q q 0 0 0 rg BT 84.71 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.87 731.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 131.90 731.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 168.83 731.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 200.75 731.10 Td (\(IRS\) ) Tj ET Q q 0 0 0 rg BT 233.79 731.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 272.94 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.31 731.10 Td (seven-year ) Tj ET Q q 0 0 0 rg BT 324.56 731.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 364.83 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.10 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.25 731.10 Td (period ) Tj ET Q q 0 0 0 rg BT 416.74 731.10 Td (over ) Tj ET Q q 0 0 0 rg BT 436.45 731.10 Td (which ) Tj ET Q q 0 0 0 rg BT 462.83 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.84 731.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 505.92 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.86 731.10 Td (may ) Tj ET Q q 0 0 0 rg BT 527.02 731.10 Td (amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 90.17 719.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 132.30 719.10 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 181.92 719.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 204.32 719.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 257.26 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.99 719.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 297.60 719.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 338.90 719.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 372.41 719.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 400.64 719.10 Td (In ) Tj ET Q q 0 0 0 rg BT 411.38 719.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 436.29 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.74 719.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 479.82 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.22 719.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 519.06 719.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 542.56 719.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (the 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rg BT 89.88 695.10 Td (date ) Tj ET Q q 0 0 0 rg BT 109.21 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.32 695.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 159.52 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.63 695.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 197.07 695.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 243.04 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.04 695.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 280.04 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.04 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.05 695.10 Td (October ) Tj ET Q q 0 0 0 rg BT 336.92 695.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 347.09 695.10 Td (2029. ) Tj ET Q q 0 0 0 rg BT 372.27 695.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 399.38 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.05 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.93 695.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 464.02 695.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 503.91 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.24 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.93 695.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 562.01 695.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.53 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.05 683.10 Td (October ) Tj ET Q q 0 0 0 rg BT 105.46 683.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 115.15 683.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 139.85 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.26 683.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 184.23 683.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 229.72 683.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 258.02 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.21 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.63 683.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 305.15 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.68 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.09 683.10 Td (market ) Tj ET Q q 0 0 0 rg BT 360.05 683.10 Td (value ) Tj ET Q q 0 0 0 rg BT 383.90 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.43 683.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 419.95 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.93 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.34 683.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 497.06 683.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 530.92 683.10 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (\(present ) Tj ET Q q 0 0 0 rg BT 84.89 671.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.22 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.23 671.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 154.00 671.10 Td (benefits\) ) Tj ET Q q 0 0 0 rg BT 191.67 671.10 Td (using ) Tj ET Q q 0 0 0 rg BT 216.02 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.91 671.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 270.81 671.10 Td (method ) Tj ET Q q 0 0 0 rg BT 303.48 671.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 347.81 671.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.49 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.39 671.10 Td (IRS\) ) Tj ET Q q 0 0 0 rg BT 396.96 671.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.19 671.10 Td (74.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.02 671.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.20 671.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.32 671.10 Td (satisfies ) Tj ET Q q 0 0 0 rg BT 508.22 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 671.10 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 80.27 659.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 126.07 659.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 180.77 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.60 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.32 659.10 Td (IRS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 638.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 146.66 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.94 638.10 Td (all ) Tj ET Q q 0 0 0 rg BT 169.43 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.26 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.98 638.10 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 256.36 638.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 279.97 638.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.89 638.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 314.39 638.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.29 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.79 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.95 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.66 638.10 Td (years ) Tj ET Q q 0 0 0 rg BT 398.26 638.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.09 638.10 Td (August ) Tj ET Q q 0 0 0 rg BT 455.48 638.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 470.48 638.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 495.48 638.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 517.98 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.92 638.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.92 638.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (Defined Contribution Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 70.32 599.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.98 599.10 Td (has ) Tj ET Q q 0 0 0 rg BT 132.09 599.10 Td (several ) Tj ET Q q 0 0 0 rg BT 165.18 599.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 199.94 599.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 253.60 599.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 279.48 599.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 319.24 599.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 351.22 599.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 401.26 599.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 444.92 599.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 502.47 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.02 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.02 599.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 100.85 587.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 123.92 587.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.10 587.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 165.06 587.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.95 587.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.42 587.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 210.38 587.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.27 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.24 587.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.64 587.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 269.60 587.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.49 587.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.96 587.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 350.62 587.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.08 587.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.71 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.89 587.10 Td (years ) Tj ET Q q 0 0 0 rg BT 405.95 587.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.36 587.10 Td (August ) Tj ET Q q 0 0 0 rg BT 462.22 587.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 476.68 587.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 501.15 587.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 523.11 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 587.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 587.10 Td (.) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (85) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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Tj ET Q q 0 0 0 rg BT 460.97 710.25 Td (consultants ) Tj ET Q q 0 0 0 rg BT 508.02 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 710.25 Td (directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.25 Td (There ) Tj ET Q q 0 0 0 rg BT 75.98 698.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.85 698.25 Td (12.2 ) Tj ET Q q 0 0 0 rg BT 111.01 698.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.90 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.56 698.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 170.22 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.21 698.25 Td (Class) Tj ET Q q 0 0 0 rg BT 204.83 698.25 Td (A) Tj ET Q q 0 0 0 rg BT 211.50 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 214.16 698.25 Td (common ) Tj ET Q q 0 0 0 rg BT 251.82 698.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.59 698.25 Td (reserved ) Tj ET Q q 0 0 0 rg BT 312.12 698.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.44 698.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 362.98 698.25 Td (under ) Tj ET Q q 0 0 0 rg BT 388.41 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.29 698.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 426.23 698.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.23 698.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.33 698.25 Td (4.9 ) Tj ET Q q 0 0 0 rg BT 479.49 698.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.38 698.25 Td ( ) Tj ET Q q 0 0 0 rg BT 511.04 698.25 Td (are ) Tj ET Q q 0 0 0 rg BT 525.91 698.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.02 686.25 Td (future ) Tj ET Q q 0 0 0 rg BT 90.26 686.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 117.06 686.25 Td (as ) Tj ET Q q 0 0 0 rg BT 127.75 686.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.91 686.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 184.17 686.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.17 686.25 Td (. ) Tj ET Q q 0 0 0 rg BT 209.03 686.25 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 260.25 686.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 318.15 686.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 352.72 686.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.63 686.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 387.99 686.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.88 686.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.74 686.25 Td ($10 ) Tj ET Q q 0 0 0 rg BT 439.10 686.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 686.25 Td ( ) Tj ET Q q 0 0 0 rg BT 470.36 686.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 686.25 Td ($15 ) Tj ET Q q 0 0 0 rg BT 504.51 686.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.41 686.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.77 686.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 686.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.25 Td (years ) Tj ET Q q 0 0 0 rg BT 73.63 674.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.48 674.25 Td (August ) Tj ET Q q 0 0 0 rg BT 130.91 674.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 145.94 674.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 170.97 674.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 193.51 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.48 674.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.48 674.25 Td (, ) Tj ET Q q 0 0 0 rg BT 235.51 674.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 283.17 674.25 Td (. ) Tj ET Q q 0 0 0 rg BT 288.02 674.25 Td (T) Tj ET Q q 0 0 0 rg BT 293.43 674.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 305.41 674.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 339.59 674.25 Td (used ) Tj ET Q q 0 0 0 rg BT 360.46 674.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.65 674.25 Td (option ) Tj ET Q q 0 0 0 rg BT 402.74 674.25 Td (exercises ) Tj ET Q q 0 0 0 rg BT 441.92 674.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.89 674.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 490.31 674.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.17 674.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 540.91 674.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (units ) Tj ET Q q 0 0 0 rg BT 72.02 662.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.02 662.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 106.60 662.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.49 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.06 662.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.07 662.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 167.65 662.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.54 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.11 662.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.34 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.13 662.25 Td (years ) Tj ET Q q 0 0 0 rg BT 251.81 662.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.69 662.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 324.15 662.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 662.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.73 662.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.17 662.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 409.64 662.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.64 662.25 Td (, ) Tj ET Q q 0 0 0 rg BT 434.71 662.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 482.37 662.25 Td (, ) Tj ET Q q 0 0 0 rg BT 487.44 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.46 662.25 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 550.34 662.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 650.25 Td (year ) Tj ET Q q 0 0 0 rg BT 84.42 650.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.25 650.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 156.64 650.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 650.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.61 611.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 89.45 611.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 126.95 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 141.67 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.95 611.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 193.89 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.28 611.25 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 233.96 611.25 Td (The ) Tj ET Q q 0 0 0 rg BT 252.57 611.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 293.95 611.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 310.89 611.25 Td (value ) Tj ET Q q 0 0 0 rg BT 335.61 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.00 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.28 611.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 388.69 611.25 Td (is ) Tj ET Q q 0 0 0 rg BT 398.42 611.25 Td (based ) Tj ET Q q 0 0 0 rg BT 424.25 611.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.31 611.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.59 611.25 Td (market ) Tj ET Q q 0 0 0 rg BT 483.41 611.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 515.36 611.25 Td (price ) Tj ET Q q 0 0 0 rg BT 538.41 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 611.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 95.89 599.25 Td (Class) Tj ET Q q 0 0 0 rg BT 119.51 599.25 Td (A) Tj ET Q q 0 0 0 rg BT 126.18 599.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.75 599.25 Td (common ) Tj ET Q q 0 0 0 rg BT 166.31 599.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.98 599.25 Td (on ) Tj ET Q q 0 0 0 rg BT 202.55 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.33 599.25 Td (date ) Tj ET Q q 0 0 0 rg BT 236.55 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.45 599.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 272.87 599.25 Td (The ) Tj ET Q q 0 0 0 rg BT 290.99 599.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 349.09 599.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 383.87 599.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.53 599.25 Td (with ) Tj ET Q q 0 0 0 rg BT 447.87 599.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 473.78 599.25 Td (is ) Tj ET Q q 0 0 0 rg BT 483.02 599.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.45 599.25 Td (over ) Tj ET Q q 0 0 0 rg BT 549.78 599.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 93.03 587.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 129.97 587.25 Td (service ) Tj ET Q q 0 0 0 rg BT 160.78 587.25 Td (period ) Tj ET Q q 0 0 0 rg BT 188.83 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.66 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.38 587.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 247.70 587.25 Td (net ) Tj ET Q q 0 0 0 rg BT 262.41 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.24 587.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 314.06 587.25 Td (forfeitures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (During ) Tj ET Q q 0 0 0 rg BT 81.13 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.16 566.25 Td (years ) Tj ET Q q 0 0 0 rg BT 120.06 566.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.12 566.25 Td (August ) Tj ET Q q 0 0 0 rg BT 177.82 566.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.12 566.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 218.42 566.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 241.23 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.47 566.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.47 566.25 Td (, ) Tj ET Q q 0 0 0 rg BT 283.78 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.80 566.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 359.37 566.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 406.62 566.25 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.41 566.25 Td (361,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.91 566.25 Td ( ) Tj ET Q q 0 0 0 rg BT 474.71 566.25 Td (RSUs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.36 566.25 Td (287,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.86 566.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.66 566.25 Td (RSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.19 554.25 Td (219,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.69 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.45 554.25 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 131.04 554.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 178.71 554.25 Td (, ) Tj ET Q q 0 0 0 rg BT 183.96 554.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.49 554.25 Td (its ) Tj ET Q q 0 0 0 rg BT 206.69 554.25 Td (key ) Tj ET Q q 0 0 0 rg BT 223.89 554.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 271.90 554.25 Td (of) Tj ET Q q 0 0 0 rg BT 280.05 554.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 305.01 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.21 554.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 363.83 554.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 401.57 554.25 Td (under ) Tj ET Q q 0 0 0 rg BT 427.09 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.07 554.25 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 464.90 554.25 Td (The ) Tj ET Q q 0 0 0 rg BT 483.20 554.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 509.30 554.25 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.16 554.25 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.49 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 549.24 554.25 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (year ) Tj ET Q q 0 0 0 rg BT 69.94 542.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.44 542.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.98 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.72 542.25 Td (years ) Tj ET Q q 0 0 0 rg BT 132.54 542.25 Td (commencing ) Tj ET Q q 0 0 0 rg BT 186.93 542.25 Td (October ) Tj ET Q q 0 0 0 rg BT 221.86 542.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 234.60 542.25 Td (or ) Tj ET Q q 0 0 0 rg BT 245.66 542.25 Td (June ) Tj ET Q q 0 0 0 rg BT 266.72 542.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 274.45 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.51 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.46 542.25 Td (year ) Tj ET Q q 0 0 0 rg BT 320.40 542.25 Td (after ) Tj ET Q q 0 0 0 rg BT 341.44 542.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 367.22 542.25 Td (In ) Tj ET Q q 0 0 0 rg BT 378.28 542.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 416.28 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.79 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.74 542.25 Td (first ) Tj ET Q q 0 0 0 rg BT 460.58 542.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 491.63 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 502.69 542.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 527.07 542.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 549.81 542.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.41 530.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.49 530.25 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.12 530.25 Td (48,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.62 530.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.26 530.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 246.25 530.25 Td (with ) Tj ET Q q 0 0 0 rg BT 266.66 530.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.74 530.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.74 530.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 311.92 530.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 343.45 530.25 Td (term ) Tj ET Q q 0 0 0 rg BT 364.41 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.49 530.25 Td (no ) Tj ET Q q 0 0 0 rg BT 394.13 530.25 Td (retirement-eligibility ) Tj ET Q q 0 0 0 rg BT 480.08 530.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 524.39 530.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.80 530.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (SIP) Tj ET Q q 0 0 0 rg BT 63.34 518.25 Td (. ) Tj ET Q q 0 0 0 rg BT 68.59 518.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.10 518.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 128.39 518.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 145.23 518.25 Td (value ) Tj ET Q q 0 0 0 rg BT 169.84 518.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.14 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.32 518.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 222.62 518.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 255.57 518.25 Td (during ) Tj ET Q q 0 0 0 rg BT 284.64 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.82 518.25 Td (years ) Tj ET Q q 0 0 0 rg BT 323.89 518.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.07 518.25 Td (August ) Tj ET Q q 0 0 0 rg BT 381.93 518.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 397.39 518.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 422.85 518.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 445.81 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.22 518.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.22 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 486.18 518.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.69 518.25 Td ($7 ) Tj ET Q q 0 0 0 rg BT 517.66 518.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.55 518.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.01 518.25 Td ($6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 506.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.39 506.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 506.25 Td ($7 ) Tj ET Q q 0 0 0 rg BT 110.83 506.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.72 506.25 Td (, ) Tj ET Q q 0 0 0 rg BT 144.72 506.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 192.38 506.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.17 485.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.89 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.43 485.25 Td (Company) Tj ET Q q 0 0 0 rg BT 166.10 485.25 Td (s ) Tj ET Q q 0 0 0 rg BT 172.49 485.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 212.19 485.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.80 485.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 253.86 485.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 286.35 485.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.52 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 306.35 485.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 440.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 440.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 440.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 440.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 412.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 412.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 412.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 412.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 412.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 384.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 384.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 384.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 384.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 384.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 356.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 356.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 356.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 328.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 328.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 328.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 328.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 300.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 300.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 300.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 272.75 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 272.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 272.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 272.75 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 440.75 m 404.5 440.75 l s 0 0 0 RG /GS0 gs 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272.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 258.75 m 404.5 258.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.35 465.43 Td (Number) Tj ET Q q 0 0 0 rg BT 378.72 465.43 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.10 455.43 Td (Shar) Tj ET Q q 0 0 0 rg BT 372.48 455.43 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.05 445.43 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.20 465.43 Td (W) Tj ET Q q 0 0 0 rg BT 434.65 465.43 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.75 455.43 Td (A) Tj ET Q q 0 0 0 rg BT 420.23 455.43 Td (verage Grant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.95 445.43 Td (DateFair) Tj ET Q q 0 0 0 rg BT 452.58 445.43 Td () Tj ET Q q 0 0 0 rg BT 454.90 445.43 Td (V) Tj ET Q q 0 0 0 rg BT 461.21 445.43 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.40 445.43 Td (Fair) Tj ET Q q 0 0 0 rg BT 516.54 445.43 Td () Tj ET Q q 0 0 0 rg BT 518.86 445.43 Td (V) Tj ET Q q 0 0 0 rg BT 525.17 445.43 Td (alue) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 542.95 449.96 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.32 Td (Outstanding as of August31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 431.32 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 431.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 431.32 Td (39.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 417.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 417.32 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 417.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 417.32 Td (30.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.32 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 403.37 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 403.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 403.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 403.32 Td (42.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 403.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 403.32 Td (25.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 389.32 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 389.37 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 389.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 389.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 389.32 Td (35.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 375.32 Td (Outstanding as of August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 375.32 Td (389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 375.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 375.32 Td (33.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 361.32 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 361.32 Td (287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 361.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 361.32 Td (22.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.32 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 347.37 Td (\(151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 347.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 347.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 347.32 Td (35.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 347.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 347.32 Td (20.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 333.32 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 333.37 Td (\(40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 333.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 333.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 333.32 Td (26.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.32 Td (Outstanding as of August31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 319.32 Td (485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 319.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 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Td (s ) Tj ET Q q 0 0 0 rg BT 278.82 234.05 Td (Class) Tj ET Q q 0 0 0 rg BT 297.72 234.05 Td (A) Tj ET Q q 0 0 0 rg BT 303.05 234.05 Td ( ) Tj ET Q q 0 0 0 rg BT 305.05 234.05 Td (common ) Tj ET Q q 0 0 0 rg BT 335.05 234.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 353.94 234.05 Td (on ) Tj ET Q q 0 0 0 rg BT 363.94 234.05 Td (the ) Tj ET Q q 0 0 0 rg BT 375.71 234.05 Td (date ) Tj ET Q q 0 0 0 rg BT 391.04 234.05 Td (that ) Tj ET Q q 0 0 0 rg BT 405.03 234.05 Td (the ) Tj ET Q q 0 0 0 rg BT 416.80 234.05 Td (restricted ) Tj ET Q q 0 0 0 rg BT 448.57 234.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 467.45 234.05 Td (units ) Tj ET Q q 0 0 0 rg BT 485.01 234.05 Td (vested.) 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q 0 0 0 rg BT 507.56 216.05 Td ( ) Tj ET Q q 0 0 0 rg BT 510.71 216.05 Td (for ) Tj ET Q q 0 0 0 rg BT 525.53 216.05 Td (the ) Tj ET Q q 0 0 0 rg BT 540.90 216.05 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.05 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.22 204.05 Td (August ) Tj ET Q q 0 0 0 rg BT 108.12 204.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.63 204.05 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.14 204.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 172.14 204.05 Td (and ) Tj ET Q q 0 0 0 rg BT 189.59 204.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 204.05 Td (, ) Tj ET Q q 0 0 0 rg BT 215.10 204.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 262.76 204.05 Td (. ) Tj ET Q q 0 0 0 rg BT 267.60 204.05 Td (As ) Tj ET Q q 0 0 0 rg BT 281.72 204.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.40 204.05 Td (August31, ) Tj ET Q q 0 0 0 rg BT 339.30 204.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 204.05 Td (, ) Tj ET Q q 0 0 0 rg BT 364.80 204.05 Td (total ) Tj ET Q q 0 0 0 rg BT 385.59 204.05 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 442.46 204.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 501.01 204.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 524.01 204.05 Td (related ) Tj ET Q q 0 0 0 rg BT 554.22 204.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.05 Td (unvested ) Tj ET Q q 0 0 0 rg BT 88.05 192.05 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 113.89 192.05 Td (amounted ) Tj ET Q q 0 0 0 rg BT 155.83 192.05 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.10 192.05 Td ($6 ) Tj ET Q q 0 0 0 rg BT 178.60 192.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 192.05 Td (, ) Tj ET Q q 0 0 0 rg BT 212.50 192.05 Td (which ) Tj ET Q q 0 0 0 rg BT 239.43 192.05 Td (is ) Tj ET Q q 0 0 0 rg BT 248.60 192.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 286.64 192.05 Td (to ) Tj ET Q q 0 0 0 rg BT 296.91 192.05 Td (be ) Tj ET Q q 0 0 0 rg BT 308.85 192.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 355.21 192.05 Td (over ) Tj ET Q 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q 0 0 0 rg BT 328.29 159.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 359.26 159.05 Td (to ) Tj ET Q q 0 0 0 rg BT 369.69 159.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.54 159.05 Td (conditions ) Tj ET Q q 0 0 0 rg BT 443.85 159.05 Td (and ) Tj ET Q q 0 0 0 rg BT 460.94 159.05 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 509.93 159.05 Td (A) Tj ET Q q 0 0 0 rg BT 516.60 159.05 Td ( ) Tj ET Q q 0 0 0 rg BT 519.25 159.05 Td (participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 90.26 147.05 Td (must ) Tj ET Q q 0 0 0 rg BT 112.76 147.05 Td (be ) Tj ET Q q 0 0 0 rg BT 125.25 147.05 Td (employed ) Tj ET Q q 0 0 0 rg BT 167.74 147.05 Td (by ) Tj ET Q q 0 0 0 rg BT 180.79 147.05 Td (the ) Tj ET Q q 0 0 0 rg BT 196.06 147.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.00 147.05 Td (on ) Tj ET Q q 0 0 0 rg BT 251.05 147.05 Td (October31 ) Tj ET Q q 0 0 0 rg BT 298.81 147.05 Td (following ) Tj ET Q q 0 0 0 rg BT 340.75 147.05 Td (the ) Tj ET Q q 0 0 0 rg BT 356.02 147.05 Td (end ) Tj ET Q q 0 0 0 rg BT 373.51 147.05 Td (of ) Tj ET Q q 0 0 0 rg BT 384.90 147.05 Td (the ) Tj ET Q q 0 0 0 rg BT 400.17 147.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 453.74 147.05 Td (period ) Tj ET Q q 0 0 0 rg BT 482.34 147.05 Td (to ) Tj ET Q q 0 0 0 rg BT 493.17 147.05 Td (receive ) Tj ET Q q 0 0 0 rg BT 525.09 147.05 Td (an ) Tj ET Q q 0 0 0 rg BT 537.58 147.05 Td (award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.05 Td (payout, ) Tj ET Q q 0 0 0 rg BT 83.71 135.05 Td (although ) Tj ET Q q 0 0 0 rg BT 122.70 135.05 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 160.02 135.05 Td (awards ) Tj ET Q q 0 0 0 rg BT 192.33 135.05 Td (will ) Tj ET Q q 0 0 0 rg BT 211.88 135.05 Td (be ) Tj ET Q q 0 0 0 rg BT 225.32 135.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 246.53 135.05 Td (if ) Tj ET Q q 0 0 0 rg BT 256.63 135.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 310.62 135.05 Td (terminates ) Tj ET Q q 0 0 0 rg BT 356.26 135.05 Td (earlier ) Tj ET Q q 0 0 0 rg BT 385.79 135.05 Td (on ) Tj ET Q q 0 0 0 rg BT 399.78 135.05 Td (account ) Tj ET Q q 0 0 0 rg BT 434.87 135.05 Td (of ) Tj ET Q q 0 0 0 rg BT 447.19 135.05 Td (death, ) Tj ET Q q 0 0 0 rg BT 475.34 135.05 Td (disability) Tj ET Q q 0 0 0 rg BT 511.91 135.05 Td (, ) Tj ET Q q 0 0 0 rg BT 518.41 135.05 Td (retirement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 98.72 123.05 Td (without ) Tj ET Q q 0 0 0 rg BT 131.89 123.05 Td (cause ) Tj ET Q q 0 0 0 rg BT 156.72 123.05 Td (after ) Tj ET Q q 0 0 0 rg BT 177.65 123.05 Td (the ) Tj ET Q q 0 0 0 rg BT 192.49 123.05 Td (first ) Tj ET Q q 0 0 0 rg BT 211.21 123.05 Td (year ) Tj ET Q q 0 0 0 rg BT 231.04 123.05 Td (of ) Tj ET Q q 0 0 0 rg BT 241.99 123.05 Td (the ) Tj ET Q q 0 0 0 rg BT 256.82 123.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 309.97 123.05 Td (period ) Tj ET Q q 0 0 0 rg BT 338.13 123.05 Td (or ) Tj ET Q q 0 0 0 rg BT 349.08 123.05 Td (a ) Tj ET Q q 0 0 0 rg BT 356.14 123.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 374.30 123.05 Td (of ) Tj ET Q q 0 0 0 rg BT 385.25 123.05 Td (the ) Tj ET Q q 0 0 0 rg BT 400.09 123.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 441.59 123.05 Td (or ) Tj ET Q q 0 0 0 rg BT 452.54 123.05 Td (the ) Tj ET Q q 0 0 0 rg BT 467.38 123.05 Td (reportable ) Tj ET Q q 0 0 0 rg BT 510.53 123.05 Td (segments ) Tj ET Q q 0 0 0 rg BT 550.36 123.05 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.05 Td (which ) Tj ET Q q 0 0 0 rg BT 76.86 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 91.51 111.05 Td (participant ) Tj ET Q q 0 0 0 rg BT 136.69 111.05 Td (works. ) Tj ET Q q 0 0 0 rg BT 165.52 111.05 Td (A) Tj ET Q q 0 0 0 rg BT 171.83 111.05 Td (wards ) Tj ET Q q 0 0 0 rg BT 198.14 111.05 Td (will ) Tj ET Q q 0 0 0 rg BT 216.12 111.05 Td (be ) Tj ET Q q 0 0 0 rg BT 227.98 111.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 247.63 111.05 Td (in ) Tj ET Q q 0 0 0 rg BT 257.83 111.05 Td (Class) Tj ET Q q 0 0 0 rg BT 281.45 111.05 Td (A) Tj ET Q q 0 0 0 rg BT 288.12 111.05 Td ( ) Tj ET Q q 0 0 0 rg BT 290.54 111.05 Td (common ) Tj ET Q q 0 0 0 rg BT 327.96 111.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 351.50 111.05 Td (as ) Tj ET Q q 0 0 0 rg BT 362.25 111.05 Td (soon ) Tj ET Q q 0 0 0 rg BT 383.57 111.05 Td (as ) Tj ET Q q 0 0 0 rg BT 394.33 111.05 Td (practicable ) Tj ET Q q 0 0 0 rg BT 440.61 111.05 Td (after ) Tj ET Q q 0 0 0 rg BT 461.35 111.05 Td (October31 ) Tj ET Q q 0 0 0 rg BT 508.48 111.05 Td (following ) Tj ET Q q 0 0 0 rg BT 549.80 111.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.05 Td (end ) Tj ET Q q 0 0 0 rg BT 66.94 99.05 Td (of ) Tj ET Q q 0 0 0 rg BT 77.77 99.05 Td (the ) Tj ET Q q 0 0 0 rg BT 92.49 99.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 145.51 99.05 Td (period.) Tj ET Q endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (86) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.81 731.10 Td (accrues ) Tj ET Q q 0 0 0 rg BT 140.97 731.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 198.70 731.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 217.00 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 230.84 731.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 283.55 731.10 Td (share ) Tj ET Q q 0 0 0 rg BT 306.84 731.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 337.35 731.10 Td (based ) Tj ET Q q 0 0 0 rg BT 362.30 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.49 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.90 731.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 426.07 731.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 462.69 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.21 731.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 511.49 731.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 96.30 719.10 Td (net ) Tj ET Q q 0 0 0 rg BT 110.64 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.10 719.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 161.55 719.10 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 207.68 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 225.35 719.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.37 719.10 Td (accrues ) Tj ET Q q 0 0 0 rg BT 298.48 719.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 356.15 719.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 374.39 719.10 Td (if ) Tj ET Q q 0 0 0 rg BT 382.63 719.10 Td (it ) Tj ET Q q 0 0 0 rg BT 390.31 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.11 719.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 436.23 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 453.35 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.70 719.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 520.35 719.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.64 707.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.17 707.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 122.06 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.69 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.67 707.10 Td (reassesses ) Tj ET Q q 0 0 0 rg BT 226.30 707.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 261.59 707.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 315.20 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.62 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.92 707.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 395.53 707.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 440.28 707.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.57 707.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 493.64 707.10 Td (at ) Tj ET Q q 0 0 0 rg BT 503.95 707.10 Td (each ) Tj ET Q q 0 0 0 rg BT 525.35 707.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 70.95 695.10 Td (If ) Tj ET Q q 0 0 0 rg BT 79.40 695.10 Td (it ) Tj ET Q q 0 0 0 rg BT 86.75 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 95.22 695.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 131.99 695.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.78 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.79 695.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 188.46 695.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 240.77 695.10 Td (results ) Tj ET Q q 0 0 0 rg BT 268.68 695.10 Td (will ) Tj ET Q q 0 0 0 rg BT 286.03 695.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 315.57 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.58 695.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 354.70 695.10 Td (tar) Tj ET Q q 0 0 0 rg BT 365.07 695.10 Td (get ) Tj ET Q q 0 0 0 rg BT 379.08 695.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 431.40 695.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 477.35 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.36 695.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.04 695.10 Td (accrues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.26 683.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 150.06 683.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 168.44 683.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.36 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.85 683.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 239.10 683.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 291.89 683.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 319.15 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.19 683.10 Td (be ) Tj ET Q q 0 0 0 rg BT 340.89 683.10 Td (awarded. ) Tj ET Q q 0 0 0 rg BT 379.53 683.10 Td (If, ) Tj ET Q q 0 0 0 rg BT 390.95 683.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 413.22 683.10 Td (reassessment, ) Tj ET Q q 0 0 0 rg BT 470.19 683.10 Td (it ) Tj ET Q q 0 0 0 rg BT 478.01 683.10 Td (is ) Tj ET Q q 0 0 0 rg BT 486.95 683.10 Td (no ) Tj ET Q q 0 0 0 rg BT 499.21 683.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 527.03 683.10 Td (probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.74 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.70 671.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 109.32 671.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 162.58 671.10 Td (results ) Tj ET Q q 0 0 0 rg BT 191.44 671.10 Td (will ) Tj ET Q q 0 0 0 rg BT 209.74 671.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 240.23 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.20 671.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 281.26 671.10 Td (tar) Tj ET Q q 0 0 0 rg BT 291.63 671.10 Td (get ) Tj ET Q q 0 0 0 rg BT 306.59 671.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 359.86 671.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 406.77 671.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.84 671.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.58 671.10 Td (it ) Tj ET Q q 0 0 0 rg BT 443.88 671.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.30 671.10 Td (no ) Tj ET Q q 0 0 0 rg BT 466.04 671.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 494.33 671.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 532.06 671.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 659.10 Td (get ) Tj ET Q q 0 0 0 rg BT 75.84 659.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 129.62 659.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 170.65 659.10 Td (will ) Tj ET Q q 0 0 0 rg BT 189.46 659.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.15 659.10 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 243.44 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.91 659.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 301.06 659.10 Td (reverses ) Tj ET Q q 0 0 0 rg BT 337.07 659.10 Td (any ) Tj ET Q q 0 0 0 rg BT 354.77 659.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 401.88 659.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 460.68 659.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.05 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 494.96 659.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.21 659.10 Td (no ) Tj ET Q q 0 0 0 rg BT 536.46 659.10 Td (longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 87.18 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.70 647.10 Td (being ) Tj ET Q q 0 0 0 rg BT 122.11 647.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 151.81 647.10 Td (If ) Tj ET Q q 0 0 0 rg BT 160.66 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.07 647.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 227.79 647.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 271.65 647.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.05 647.10 Td (not ) Tj ET Q q 0 0 0 rg BT 301.02 647.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 338.75 647.10 Td (at ) Tj ET Q q 0 0 0 rg BT 348.16 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.57 647.10 Td (end ) Tj ET Q q 0 0 0 rg BT 379.20 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.72 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.13 647.10 Td (service ) Tj ET Q q 0 0 0 rg BT 434.64 647.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 464.88 647.10 Td (all ) Tj ET Q q 0 0 0 rg BT 477.07 647.10 Td (related ) Tj ET Q q 0 0 0 rg BT 506.47 647.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.61 635.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 113.33 635.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 159.69 635.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.86 635.10 Td (reversed.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.22 635.10 Td () Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 612.7669921875 m 276.5576171875 612.7669921875 l s q 0 0 0 rg BT 50.00 614.10 Td (Fiscal 2014 2015 \(August\) Performance Shar) Tj ET Q q 0 0 0 rg BT 240.16 614.10 Td (e ) Tj ET Q q 0 0 0 rg BT 246.92 614.10 Td (A) Tj ET Q q 0 0 0 rg BT 252.48 614.10 Td (war) Tj ET Q q 0 0 0 rg BT 267.67 614.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.71 597.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 129.64 597.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.24 597.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 217.61 597.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 297.39 597.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 328.87 597.10 Td (under ) Tj ET Q q 0 0 0 rg BT 354.80 597.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.18 597.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 391.12 597.10 Td (with ) Tj ET Q q 0 0 0 rg BT 412.06 597.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.65 597.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 443.36 597.10 Td (date ) Tj ET Q q 0 0 0 rg BT 463.18 597.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.97 597.10 Td (August13, ) Tj ET Q q 0 0 0 rg BT 521.02 597.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.02 597.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 597.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.74 585.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 158.15 585.10 Td (established ) Tj ET Q q 0 0 0 rg BT 205.55 585.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.04 585.10 Td (tar) Tj ET Q q 0 0 0 rg BT 269.41 585.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 288.49 585.10 Td (based ) Tj ET Q q 0 0 0 rg BT 314.22 585.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.19 585.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.38 585.10 Td (Company) Tj ET Q q 0 0 0 rg BT 384.04 585.10 Td (s ) Tj ET Q q 0 0 0 rg BT 390.90 585.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 427.01 585.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.98 585.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 472.93 585.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.12 585.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.45 585.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 507.75 585.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.16 585.10 Td (return ) Tj ET Q q 0 0 0 rg BT 552.00 585.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 77.50 573.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 120.00 573.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.73 573.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 573.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 153.90 573.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.07 573.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.79 573.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 573.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.30 573.10 Td (years ) Tj ET Q q 0 0 0 rg BT 223.91 573.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.75 573.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.48 573.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.51 573.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 333.07 573.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.35 573.10 Td (award ) Tj ET Q q 0 0 0 rg BT 380.29 573.10 Td (payouts ) Tj ET Q q 0 0 0 rg BT 413.91 573.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 446.97 573.10 Td (from ) Tj ET Q q 0 0 0 rg BT 468.92 573.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.86 573.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 515.59 573.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.43 573.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.76 573.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.27 573.10 Td (to ) Tj ET Q q 0 0 0 rg BT 557.56 573.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 93.05 561.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.88 561.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.21 561.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.71 561.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.87 561.10 Td (each ) Tj ET Q q 0 0 0 rg BT 164.69 561.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 196.07 561.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.90 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.62 561.10 Td (awards. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 538.7669921875 m 289.8779296875 538.7669921875 l s q 0 0 0 rg BT 50.00 540.10 Td (Fiscal 2014 2015 \(November\) Performance Shar) Tj ET Q q 0 0 0 rg BT 253.48 540.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.24 540.10 Td (A) Tj ET Q q 0 0 0 rg BT 265.80 540.10 Td (war) Tj ET Q q 0 0 0 rg BT 280.99 540.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 523.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 127.88 523.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 174.60 523.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 214.09 523.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 293.00 523.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 323.60 523.10 Td (under ) Tj ET Q q 0 0 0 rg BT 348.65 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.15 523.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 383.21 523.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.27 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.99 523.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 432.82 523.10 Td (date ) Tj ET Q q 0 0 0 rg BT 451.75 523.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.36 523.10 Td (November21, ) Tj ET Q q 0 0 0 rg BT 521.85 523.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.85 523.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.47 523.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.20 511.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.07 511.10 Td (established ) Tj ET Q q 0 0 0 rg BT 203.93 511.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 256.88 511.10 Td (tar) Tj ET Q q 0 0 0 rg BT 267.24 511.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 285.78 511.10 Td (based ) Tj ET Q q 0 0 0 rg BT 310.97 511.10 Td (on ) Tj ET Q q 0 0 0 rg BT 323.40 511.10 Td (divisional ) Tj ET Q q 0 0 0 rg BT 365.27 511.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 397.69 511.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 429.55 511.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 471.96 511.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.61 511.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.94 511.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 505.69 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.56 511.10 Td (divisional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.90 499.10 Td (income ) Tj ET Q q 0 0 0 rg BT 123.48 499.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 156.05 499.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 199.18 499.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.54 499.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.87 499.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 234.34 499.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.14 499.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.50 499.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.64 499.10 Td (years ) Tj ET Q q 0 0 0 rg BT 306.88 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.35 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.71 499.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 387.37 499.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 418.56 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 439.48 499.10 Td (award ) Tj ET Q q 0 0 0 rg BT 467.05 499.10 Td (payouts ) Tj ET Q q 0 0 0 rg BT 501.30 499.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 534.99 499.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.57 499.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 89.72 487.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.55 487.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.88 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.38 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.66 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.59 487.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 181.65 487.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.48 487.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.81 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.31 487.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.47 487.10 Td (each ) Tj ET Q q 0 0 0 rg BT 253.28 487.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 284.67 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.50 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.21 487.10 Td (awards.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 464.7669921875 m 239.619140625 464.7669921875 l s q 0 0 0 rg BT 50.00 466.10 Td (Fiscal 2015 2016 Performance Shar) Tj ET Q q 0 0 0 rg BT 203.22 466.10 Td (e ) Tj ET Q q 0 0 0 rg BT 209.98 466.10 Td (A) Tj ET Q q 0 0 0 rg BT 215.54 466.10 Td (war) Tj ET Q q 0 0 0 rg BT 230.73 466.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 449.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 127.88 449.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 174.60 449.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 214.09 449.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 293.00 449.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 323.60 449.10 Td (under ) Tj ET Q q 0 0 0 rg BT 348.65 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.15 449.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 383.21 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.27 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.99 449.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 432.82 449.10 Td (date ) Tj ET Q q 0 0 0 rg BT 451.75 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.36 449.10 Td (November25, ) Tj ET Q q 0 0 0 rg BT 521.85 449.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.85 449.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.47 449.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.77 437.10 Td (tar) Tj ET Q q 0 0 0 rg BT 113.14 437.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 131.49 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 145.95 437.10 Td (based ) Tj ET Q q 0 0 0 rg BT 170.97 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.22 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.68 437.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 244.51 437.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 280.62 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.87 437.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 325.10 437.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.57 437.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.90 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.14 437.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 360.72 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.41 437.10 Td (return ) Tj ET Q q 0 0 0 rg BT 403.54 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.78 437.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 443.03 437.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 485.26 437.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.73 437.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.06 437.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 518.64 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.54 437.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.01 437.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.81 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.85 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.77 425.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 153.00 425.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 183.76 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.25 425.10 Td (award ) Tj ET Q q 0 0 0 rg BT 231.38 425.10 Td (payouts ) Tj ET Q q 0 0 0 rg BT 265.20 425.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 298.46 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 320.61 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.75 425.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 367.68 425.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.72 425.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.05 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.76 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.24 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.39 425.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 460.65 425.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.69 425.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.02 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.73 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.10 425.10 Td (each ) Tj ET Q q 0 0 0 rg BT 533.12 425.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 413.10 Td (awards. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 390.7669921875 m 289.8779296875 390.7669921875 l s q 0 0 0 rg BT 50.00 392.10 Td (Fiscal 2016 2018 \(November\) Performance Shar) Tj ET Q q 0 0 0 rg BT 253.48 392.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.24 392.10 Td (A) Tj ET Q q 0 0 0 rg BT 265.80 392.10 Td (war) Tj ET Q q 0 0 0 rg BT 280.99 392.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.69 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.26 377.10 Td (first ) Tj ET Q q 0 0 0 rg BT 93.73 377.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 124.40 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.09 377.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 159.11 377.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 183.96 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.54 377.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 258.67 377.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 305.47 377.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 345.03 377.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 424.01 377.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 454.69 377.10 Td (under ) Tj ET Q q 0 0 0 rg BT 479.82 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.39 377.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 514.53 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.67 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.46 377.10 Td (grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (date ) Tj ET Q q 0 0 0 rg BT 69.65 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.98 365.10 Td (November9, ) Tj ET Q q 0 0 0 rg BT 136.18 365.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 161.46 365.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 365.10 Td (201,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.50 365.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 269.01 365.10 Td (share ) Tj ET Q q 0 0 0 rg BT 293.11 365.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 324.42 365.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 357.41 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 370.40 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 365.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 446.38 365.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 493.82 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.02 365.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 553.67 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (two ) Tj ET Q q 0 0 0 rg BT 67.50 353.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 102.75 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.69 353.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 151.64 353.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 182.46 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.73 353.10 Td (dif) Tj ET Q q 0 0 0 rg BT 213.66 353.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 239.48 353.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 270.86 353.10 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.88 332.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 129.99 332.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.77 332.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.09 332.10 Td (99,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.59 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.93 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.59 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.15 332.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 323.00 332.10 Td (share ) Tj ET Q q 0 0 0 rg BT 347.44 332.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 379.10 332.10 Td (based ) Tj ET Q q 0 0 0 rg BT 405.20 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.54 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.31 332.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 459.39 332.10 Td (T) Tj ET Q q 0 0 0 rg BT 464.80 332.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 483.13 332.10 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 534.78 332.10 Td (Return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (\("TSR"\) ) Tj ET Q q 0 0 0 rg BT 86.06 320.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 114.50 320.10 Td (over ) Tj ET Q q 0 0 0 rg BT 135.16 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.50 320.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 195.91 320.10 Td (period ) Tj ET Q q 0 0 0 rg BT 224.36 320.10 Td (spanning ) Tj ET Q q 0 0 0 rg BT 263.36 320.10 Td (November9, ) Tj ET Q q 0 0 0 rg BT 318.46 320.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 341.36 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.39 320.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 398.18 320.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 422.94 320.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.24 320.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 452.13 320.10 Td (share ) Tj ET Q q 0 0 0 rg BT 476.12 320.10 Td (payouts ) Tj ET Q q 0 0 0 rg BT 510.12 320.10 Td (range ) Tj ET Q q 0 0 0 rg BT 535.23 320.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.56 320.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 89.56 308.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.24 308.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.57 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.92 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.04 308.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.82 308.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 180.72 308.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.40 308.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.73 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.08 308.10 Td (based ) Tj ET Q q 0 0 0 rg BT 242.19 308.10 Td (on ) Tj ET Q q 0 0 0 rg BT 254.54 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.10 308.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 301.43 308.10 Td (ranking ) Tj ET Q q 0 0 0 rg BT 334.32 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.00 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.56 308.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 406.31 308.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 427.00 308.10 Td (among ) Tj ET Q q 0 0 0 rg BT 456.56 308.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.35 308.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 508.46 308.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 528.01 308.10 Td (group ) Tj ET Q q 0 0 0 rg BT 553.69 308.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 62.59 296.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 110.25 296.10 Td (The ) Tj ET Q q 0 0 0 rg BT 128.19 296.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 149.12 296.10 Td (award ) Tj ET Q q 0 0 0 rg BT 176.13 296.10 Td (stipulates ) Tj ET Q q 0 0 0 rg BT 216.49 296.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.28 296.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 291.64 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.01 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.81 296.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 346.61 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.97 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.78 296.10 Td (event ) Tj ET Q q 0 0 0 rg BT 396.02 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.82 296.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 440.62 296.10 Td (reaches ) Tj ET Q q 0 0 0 rg BT 473.18 296.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.21 296.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 512.78 296.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 542.58 296.10 Td (level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.32 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.52 284.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 120.94 284.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 141.27 284.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.92 284.10 Td (negative. ) Tj ET Q q 0 0 0 rg BT 188.14 284.10 Td (The ) Tj ET Q q 0 0 0 rg BT 205.53 284.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 225.86 284.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 256.16 284.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 287.58 284.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.01 284.10 Td (market ) Tj ET Q q 0 0 0 rg BT 323.76 284.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 363.52 284.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 382.44 284.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 423.01 284.10 Td (once ) Tj ET Q q 0 0 0 rg BT 443.88 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.08 284.10 Td (award ) Tj ET Q q 0 0 0 rg BT 484.49 284.10 Td (recipients ) Tj ET Q q 0 0 0 rg BT 525.35 284.10 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.36 272.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 102.94 272.10 Td (service ) Tj ET Q q 0 0 0 rg BT 134.41 272.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 165.60 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.96 272.10 Td (related ) Tj ET Q q 0 0 0 rg BT 211.31 272.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 270.00 272.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 305.36 272.10 Td (based ) Tj ET Q q 0 0 0 rg BT 331.27 272.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.42 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.78 272.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 403.46 272.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 420.49 272.10 Td (value ) Tj ET Q q 0 0 0 rg BT 445.29 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.10 272.10 Td (not ) Tj ET Q q 0 0 0 rg BT 471.03 272.10 Td (changed, ) Tj ET Q q 0 0 0 rg BT 509.99 272.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 553.68 272.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.75 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.50 260.10 Td (market ) Tj ET Q q 0 0 0 rg BT 129.80 260.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 170.12 260.10 Td (has ) Tj ET Q q 0 0 0 rg BT 185.99 260.10 Td (been ) Tj ET Q q 0 0 0 rg BT 207.40 260.10 Td (satisfied. ) Tj ET Q q 0 0 0 rg BT 245.58 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 263.67 260.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 304.53 260.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.94 260.10 Td (value ) Tj ET Q q 0 0 0 rg BT 345.14 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.01 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.58 260.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 391.46 260.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 422.32 260.10 Td (at ) Tj ET Q q 0 0 0 rg BT 432.07 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.83 260.10 Td (date ) Tj ET Q q 0 0 0 rg BT 466.02 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.89 260.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 499.98 260.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.07 260.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 530.61 260.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 260.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.43 248.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.20 248.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 148.41 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.51 248.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 178.27 248.10 Td (value ) Tj ET Q q 0 0 0 rg BT 201.81 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.03 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.99 248.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 246.22 248.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 276.42 248.10 Td (using ) Tj ET Q q 0 0 0 rg BT 299.98 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 306.30 248.10 Td (Monte-Carlo ) Tj ET Q q 0 0 0 rg BT 359.84 248.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 403.95 248.10 Td (model ) Tj ET Q q 0 0 0 rg BT 430.83 248.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 466.04 248.10 Td (several ) Tj ET Q q 0 0 0 rg BT 496.24 248.10 Td (key ) Tj ET Q q 0 0 0 rg BT 512.56 248.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.05 236.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 127.85 236.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 169.02 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.73 236.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 205.21 236.10 Td (company ) Tj ET Q q 0 0 0 rg BT 244.14 236.10 Td (share ) Tj ET Q q 0 0 0 rg BT 267.51 236.10 Td (price ) Tj ET Q q 0 0 0 rg BT 289.77 236.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 325.23 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.01 236.10 Td (correlation ) Tj ET Q q 0 0 0 rg BT 375.59 236.10 Td (coef) Tj ET Q q 0 0 0 rg BT 392.62 236.10 Td (ficients ) Tj ET Q q 0 0 0 rg BT 424.33 236.10 Td (between ) Tj ET Q q 0 0 0 rg BT 459.92 236.10 Td (peers, ) Tj ET Q q 0 0 0 rg BT 485.79 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.28 236.10 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 536.42 236.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 553.68 236.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (return, ) Tj ET Q q 0 0 0 rg BT 78.88 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.59 224.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 131.63 224.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 169.12 224.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 191.62 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.55 224.10 Td (other ) Tj ET Q q 0 0 0 rg BT 231.60 224.10 Td (award ) Tj ET Q q 0 0 0 rg BT 258.53 224.10 Td (design ) Tj ET Q q 0 0 0 rg BT 287.14 224.10 Td (features.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.56 203.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.12 203.10 Td (101,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.62 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.64 203.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 197.18 203.10 Td (share ) Tj ET Q q 0 0 0 rg BT 220.29 203.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 250.63 203.10 Td (have ) Tj ET Q q 0 0 0 rg BT 271.52 203.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.46 203.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.45 203.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 321.00 203.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 373.54 203.10 Td (period ) Tj ET Q q 0 0 0 rg BT 401.10 203.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 443.68 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.02 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.26 203.10 Td (Company) Tj ET Q q 0 0 0 rg BT 509.92 203.10 Td (s ) Tj ET Q q 0 0 0 rg BT 515.83 203.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.50 203.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 72.60 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.65 191.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 114.56 191.10 Td (The ) Tj ET Q q 0 0 0 rg BT 132.72 191.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 185.84 191.10 Td (tar) Tj ET Q q 0 0 0 rg BT 196.21 191.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 214.92 191.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.74 191.10 Td (based ) Tj ET Q q 0 0 0 rg BT 255.11 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.71 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.54 191.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 329.72 191.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 350.09 191.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 371.03 191.10 Td (return ) Tj ET Q q 0 0 0 rg BT 397.51 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.12 191.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 456.60 191.10 Td (\("CFROI"\) ) Tj ET Q q 0 0 0 rg BT 503.49 191.10 Td (over ) Tj ET Q q 0 0 0 rg BT 523.86 191.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.68 191.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.67 191.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (year ) Tj ET Q q 0 0 0 rg BT 70.40 179.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 124.11 179.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 155.35 179.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.31 179.10 Td (award ) Tj ET Q q 0 0 0 rg BT 203.93 179.10 Td (payouts ) Tj ET Q q 0 0 0 rg BT 238.23 179.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 271.97 179.10 Td (from ) Tj ET Q q 0 0 0 rg BT 294.60 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 302.23 179.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 342.63 179.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 179.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.48 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.67 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.64 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.27 179.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 438.01 179.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.84 179.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.17 179.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.63 179.10 Td (The ) Tj ET Q q 0 0 0 rg BT 496.37 179.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.43 179.10 Td (value ) Tj ET Q q 0 0 0 rg BT 538.28 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 179.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.94 167.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 113.55 167.10 Td (was ) Tj ET Q q 0 0 0 rg BT 131.73 167.10 Td (based ) Tj ET Q q 0 0 0 rg BT 157.12 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.74 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.58 167.10 Td (market ) Tj ET Q q 0 0 0 rg BT 214.97 167.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 246.48 167.10 Td (price ) Tj ET Q q 0 0 0 rg BT 269.09 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.04 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.88 167.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 340.83 167.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 364.55 167.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.22 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.84 167.10 Td (common ) Tj ET Q q 0 0 0 rg BT 411.46 167.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 435.19 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.81 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.66 167.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 485.83 167.10 Td (date ) Tj ET Q q 0 0 0 rg BT 505.10 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.17 167.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 167.10 Td ($2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 155.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 132.76699218750002 m 269.3359375 132.76699218750002 l s q 0 0 0 rg BT 50.00 134.10 Td (Fiscal 2016 2018 \(April\) Performance Shar) Tj ET Q q 0 0 0 rg BT 232.94 134.10 Td (e ) Tj ET Q q 0 0 0 rg BT 239.70 134.10 Td (A) Tj ET Q q 0 0 0 rg BT 245.25 134.10 Td (war) Tj ET Q q 0 0 0 rg BT 260.44 134.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.87 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.63 122.10 Td (third ) Tj ET Q q 0 0 0 rg BT 97.06 122.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 127.92 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.79 122.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 162.99 122.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 188.04 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.79 122.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 263.11 122.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 310.09 122.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 349.84 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.60 122.10 Td (second ) Tj ET Q q 0 0 0 rg BT 394.91 122.10 Td (half ) Tj ET Q q 0 0 0 rg BT 413.00 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.64 122.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 462.83 122.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 485.38 122.10 Td (performance-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.66 110.10 Td (with ) Tj ET Q q 0 0 0 rg BT 100.78 110.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.55 110.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 130.44 110.10 Td (date ) Tj ET Q q 0 0 0 rg BT 149.43 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.59 110.10 Td (April ) Tj ET Q q 0 0 0 rg BT 183.03 110.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 197.87 110.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 222.54 110.10 Td (The ) Tj ET Q q 0 0 0 rg BT 240.43 110.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 300.54 110.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 347.32 110.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.64 110.10 Td (152,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.14 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.48 110.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 467.34 110.10 Td (share ) Tj ET Q q 0 0 0 rg BT 490.78 110.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 521.44 110.10 Td (consisting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.05 98.10 Td (73,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.55 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.01 98.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 115.07 98.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 147.11 98.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.28 98.10 Td (78,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.50 98.10 Td (CFROI ) Tj ET Q q 0 0 0 rg BT 229.67 98.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 261.72 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.22 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 98.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 337.46 98.10 Td (key ) Tj ET Q q 0 0 0 rg BT 355.62 98.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 402.11 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.27 98.10 Td (of) Tj ET Q q 0 0 0 rg BT 428.42 98.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 454.35 98.10 Td (under ) Tj ET Q q 0 0 0 rg BT 480.84 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.78 98.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 518.29 98.10 Td (with ) Tj ET Q q 0 0 0 rg BT 539.79 98.10 Td (terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 103.91 86.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 135.04 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.17 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.75 86.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 193.43 86.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 226.77 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.90 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.48 86.10 Td (first ) Tj ET Q q 0 0 0 rg BT 272.94 86.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 304.61 86.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.30 86.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 341.31 86.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 367.17 86.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.86 86.10 Td (described ) Tj ET Q q 0 0 0 rg BT 420.53 86.10 Td (above ) Tj ET Q q 0 0 0 rg BT 447.76 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.90 86.10 Td (this ) Tj ET Q q 0 0 0 rg BT 476.70 86.10 Td (Note, ) Tj ET Q q 0 0 0 rg BT 502.00 86.10 Td (except ) Tj ET Q q 0 0 0 rg BT 531.45 86.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 86.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.39 74.10 Td (period ) Tj ET Q q 0 0 0 rg BT 131.80 74.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.32 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.19 74.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 182.40 74.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 213.58 74.10 Td (started ) Tj ET Q q 0 0 0 rg BT 243.10 74.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.33 74.10 Td (April ) Tj ET Q q 0 0 0 rg BT 279.31 74.10 Td (27, ) Tj ET Q q 0 0 0 rg BT 294.67 74.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 317.53 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.83 74.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.36 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.44 74.10 Td (CFROI ) Tj ET Q q 0 0 0 rg BT 396.76 74.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 427.94 74.10 Td (on ) Tj ET Q q 0 0 0 rg BT 440.80 74.10 Td (March ) Tj ET Q q 0 0 0 rg BT 469.77 74.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 480.13 74.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 505.29 74.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.70 74.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 62.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.53 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.36 62.10 Td (each ) Tj ET Q q 0 0 0 rg BT 122.18 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.01 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.54 62.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 168.38 62.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 199.20 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.14 62.10 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488.17 Td (Outstanding as of August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 487.27 Td (595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 487.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 487.27 Td (21.02) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 455.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 455.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 99.34 455.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 130.65 455.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.43 455.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 173.75 455.50 Td (average ) Tj ET Q q 0 0 0 rg BT 200.62 455.50 Td (value ) Tj ET Q q 0 0 0 rg BT 219.94 455.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.61 455.50 Td (the ) Tj ET Q q 0 0 0 rg BT 240.38 455.50 Td (Company) Tj ET Q q 0 0 0 rg BT 273.71 455.50 Td (s ) Tj ET Q q 0 0 0 rg BT 278.82 455.50 Td (Class) Tj ET Q q 0 0 0 rg BT 297.72 455.50 Td (A) Tj ET Q q 0 0 0 rg BT 303.05 455.50 Td ( ) Tj ET Q q 0 0 0 rg BT 305.05 455.50 Td (common ) Tj ET Q q 0 0 0 rg BT 335.05 455.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 353.94 455.50 Td (on ) Tj ET Q q 0 0 0 rg BT 363.94 455.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.71 455.50 Td (date ) Tj ET Q q 0 0 0 rg BT 391.04 455.50 Td (that ) Tj ET Q q 0 0 0 rg BT 405.03 455.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.80 455.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 459.22 455.50 Td (share ) Tj ET Q q 0 0 0 rg BT 478.10 455.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 502.76 455.50 Td (vested.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.89 431.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.21 431.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 190.42 431.50 Td (with ) Tj ET Q q 0 0 0 rg BT 211.32 431.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 291.06 431.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 322.49 431.50 Td (was ) Tj ET Q q 0 0 0 rg BT 341.16 431.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 384.81 431.50 Td (using ) Tj ET Q q 0 0 0 rg BT 409.59 431.50 Td (management) Tj ET Q q 0 0 0 rg BT 463.46 431.50 Td (s ) Tj ET Q q 0 0 0 rg BT 470.47 431.50 Td (current ) Tj ET Q q 0 0 0 rg BT 501.90 431.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 538.34 431.50 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 431.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.81 419.50 Td (level ) Tj ET Q q 0 0 0 rg BT 109.53 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 120.14 419.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 172.95 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.56 419.50 Td (the ) Tj ET Q q 0 0 0 rg BT 198.06 419.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.86 419.50 Td (tar) Tj ET Q q 0 0 0 rg BT 261.23 419.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 279.62 419.50 Td (under ) Tj ET Q q 0 0 0 rg BT 304.67 419.50 Td (the ) Tj ET Q q 0 0 0 rg BT 319.17 419.50 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 341.73 419.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 401.79 419.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 436.27 419.50 Td (for ) Tj ET Q q 0 0 0 rg BT 450.22 419.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 496.36 419.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 526.97 419.50 Td (based ) Tj ET Q q 0 0 0 rg BT 552.02 419.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 407.50 Td (Company) Tj ET Q q 0 0 0 rg BT 106.53 407.50 Td (s ) Tj ET Q q 0 0 0 rg BT 113.07 407.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.70 407.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 203.87 407.50 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.07 407.50 Td ($4 ) Tj ET Q q 0 0 0 rg BT 234.72 407.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.61 407.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.76 407.50 Td ($2 ) Tj ET Q q 0 0 0 rg BT 281.41 407.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.30 407.50 Td ( ) Tj ET Q q 0 0 0 rg BT 312.95 407.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.04 407.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 342.69 407.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.58 407.50 Td ( ) Tj ET Q q 0 0 0 rg BT 374.23 407.50 Td (for ) Tj ET Q q 0 0 0 rg BT 388.54 407.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.40 407.50 Td (years ) Tj ET Q q 0 0 0 rg BT 427.15 407.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.09 407.50 Td (August ) Tj ET Q q 0 0 0 rg BT 484.63 407.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 499.78 407.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 524.93 407.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 547.58 407.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 395.50 Td (, ) Tj ET Q q 0 0 0 rg BT 74.74 395.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.40 395.50 Td (. ) Tj ET Q q 0 0 0 rg BT 126.64 395.50 Td (As ) Tj ET Q q 0 0 0 rg BT 139.99 395.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.06 395.50 Td (August31, ) Tj ET Q q 0 0 0 rg BT 196.19 395.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.19 395.50 Td (, ) Tj ET Q q 0 0 0 rg BT 220.92 395.50 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 277.02 395.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 334.80 395.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 357.03 395.50 Td (related ) Tj ET Q q 0 0 0 rg BT 386.47 395.50 Td (to ) Tj ET Q q 0 0 0 rg BT 396.48 395.50 Td (non-vested ) Tj ET Q q 0 0 0 rg BT 442.59 395.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.35 395.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.58 395.50 Td (amounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 383.50 Td ($5 ) Tj ET Q q 0 0 0 rg BT 72.78 383.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.67 383.50 Td (, ) Tj ET Q q 0 0 0 rg BT 106.67 383.50 Td (which ) Tj ET Q q 0 0 0 rg BT 133.61 383.50 Td (is ) Tj ET Q q 0 0 0 rg BT 142.78 383.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 180.81 383.50 Td (to ) Tj ET Q q 0 0 0 rg BT 191.09 383.50 Td (be ) Tj ET Q q 0 0 0 rg BT 203.03 383.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 249.39 383.50 Td (over ) Tj ET Q q 0 0 0 rg BT 269.66 383.50 Td (a ) Tj ET Q q 0 0 0 rg BT 276.60 383.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 315.75 383.50 Td (average ) Tj ET Q q 0 0 0 rg BT 349.34 383.50 Td (period ) Tj ET Q q 0 0 0 rg BT 377.38 383.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.21 383.50 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.71 383.50 Td ( ) Tj ET Q q 0 0 0 rg BT 403.21 383.50 Td (years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 362.50 Td (Deferred Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.50 Td (The ) Tj ET Q q 0 0 0 rg BT 67.59 344.50 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 105.16 344.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 164.98 344.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 184.80 344.50 Td (for ) Tj ET Q q 0 0 0 rg BT 198.50 344.50 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 261.64 344.50 Td (Directors ) Tj ET Q q 0 0 0 rg BT 300.89 344.50 Td (\(DSU ) Tj ET Q q 0 0 0 rg BT 330.71 344.50 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 358.30 344.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 394.78 344.50 Td (for ) Tj ET Q q 0 0 0 rg BT 408.48 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 422.74 344.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 458.66 344.50 Td (of ) Tj ET Q q 0 0 0 rg BT 469.04 344.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 494.98 344.50 Td (to ) Tj ET Q q 0 0 0 rg BT 504.80 344.50 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.61 332.50 Td (to ) Tj ET Q q 0 0 0 rg BT 98.02 332.50 Td (be ) Tj ET Q q 0 0 0 rg BT 110.09 332.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 142.71 332.50 Td (under ) Tj ET Q q 0 0 0 rg BT 168.10 332.50 Td (the ) Tj ET Q q 0 0 0 rg BT 182.95 332.50 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 205.86 332.50 Td (Each ) Tj ET Q q 0 0 0 rg BT 228.47 332.50 Td (DSU ) Tj ET Q q 0 0 0 rg BT 251.11 332.50 Td (gives ) Tj ET Q q 0 0 0 rg BT 274.84 332.50 Td (the ) Tj ET Q q 0 0 0 rg BT 289.69 332.50 Td (director ) Tj ET Q q 0 0 0 rg BT 323.41 332.50 Td (the ) Tj ET Q q 0 0 0 rg BT 338.26 332.50 Td (right ) Tj ET Q q 0 0 0 rg BT 359.78 332.50 Td (to ) Tj ET Q q 0 0 0 rg BT 370.18 332.50 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.67 332.50 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.11 332.50 Td ( ) Tj ET Q q 0 0 0 rg BT 418.74 332.50 Td (share ) Tj ET Q q 0 0 0 rg BT 442.47 332.50 Td (of ) Tj ET Q q 0 0 0 rg BT 453.43 332.50 Td (Class) Tj ET Q q 0 0 0 rg BT 477.05 332.50 Td (A) Tj ET Q q 0 0 0 rg BT 483.72 332.50 Td ( ) Tj ET Q q 0 0 0 rg BT 486.35 332.50 Td (common ) Tj ET Q q 0 0 0 rg BT 523.97 332.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 547.71 332.50 Td (at ) Tj ET Q q 0 0 0 rg BT 557.56 332.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.50 Td (future ) Tj ET Q q 0 0 0 rg BT 75.89 320.50 Td (date. ) Tj ET Q q 0 0 0 rg BT 97.05 320.50 Td (Immediately ) Tj ET Q q 0 0 0 rg BT 149.60 320.50 Td (following ) Tj ET Q q 0 0 0 rg BT 190.50 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 204.73 320.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 233.39 320.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 267.62 320.50 Td (of ) Tj ET Q q 0 0 0 rg BT 277.96 320.50 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 333.00 320.50 Td (each ) Tj ET Q q 0 0 0 rg BT 353.33 320.50 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 412.54 320.50 Td (director ) Tj ET Q q 0 0 0 rg BT 445.65 320.50 Td (will ) Tj ET Q q 0 0 0 rg BT 463.21 320.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 494.09 320.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 520.00 320.50 Td (which ) Tj ET Q q 0 0 0 rg BT 546.44 320.50 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.50 Td (become ) Tj ET Q q 0 0 0 rg BT 84.23 308.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 106.25 308.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 134.94 308.50 Td (on ) Tj ET Q q 0 0 0 rg BT 148.08 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.43 308.50 Td (day ) Tj ET Q q 0 0 0 rg BT 181.01 308.50 Td (before ) Tj ET Q q 0 0 0 rg BT 209.68 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 225.03 308.50 Td (next ) Tj ET Q q 0 0 0 rg BT 245.39 308.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 275.18 308.50 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 313.03 308.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 344.49 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 355.41 308.50 Td (continued ) Tj ET Q q 0 0 0 rg BT 397.98 308.50 Td (service ) Tj ET Q q 0 0 0 rg BT 429.43 308.50 Td (on ) Tj ET Q q 0 0 0 rg BT 442.57 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.92 308.50 Td (Board. ) Tj ET Q q 0 0 0 rg BT 487.77 308.50 Td (The ) Tj ET Q q 0 0 0 rg BT 506.46 308.50 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.71 296.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 128.30 296.50 Td (with ) Tj ET Q q 0 0 0 rg BT 148.58 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.30 296.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 189.69 296.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 222.18 296.50 Td (is ) Tj ET Q q 0 0 0 rg BT 231.35 296.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 277.71 296.50 Td (over ) Tj ET Q q 0 0 0 rg BT 297.98 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.70 296.50 Td (respective ) Tj ET Q q 0 0 0 rg BT 355.73 296.50 Td (requisite ) Tj ET Q q 0 0 0 rg BT 392.66 296.50 Td (service ) Tj ET Q q 0 0 0 rg BT 423.48 296.50 Td (period ) Tj ET Q q 0 0 0 rg BT 451.52 296.50 Td (of ) Tj ET Q q 0 0 0 rg BT 462.35 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 477.07 296.50 Td (awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.09 275.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.52 275.50 Td (will ) Tj ET Q q 0 0 0 rg BT 127.62 275.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 150.16 275.50 Td (Class) Tj ET Q q 0 0 0 rg BT 173.78 275.50 Td (A) Tj ET Q q 0 0 0 rg BT 180.45 275.50 Td ( ) Tj ET Q q 0 0 0 rg BT 182.99 275.50 Td (common ) Tj ET Q q 0 0 0 rg BT 220.53 275.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.18 275.50 Td (to ) Tj ET Q q 0 0 0 rg BT 254.50 275.50 Td (a ) Tj ET Q q 0 0 0 rg BT 261.49 275.50 Td (director ) Tj ET Q q 0 0 0 rg BT 295.12 275.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 332.10 275.50 Td (to ) Tj ET Q q 0 0 0 rg BT 342.42 275.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 370.51 275.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 396.95 275.50 Td (in ) Tj ET Q q 0 0 0 rg BT 407.28 275.50 Td (a ) Tj ET Q q 0 0 0 rg BT 414.26 275.50 Td (lump ) Tj ET Q q 0 0 0 rg BT 437.36 275.50 Td (sum ) Tj ET Q q 0 0 0 rg BT 456.57 275.50 Td (in ) Tj ET Q q 0 0 0 rg BT 466.89 275.50 Td (January ) Tj ET Q q 0 0 0 rg BT 500.53 275.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.41 275.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.17 275.50 Td (first ) Tj ET Q q 0 0 0 rg BT 544.82 275.50 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.50 Td (after ) Tj ET Q q 0 0 0 rg BT 70.19 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 84.28 263.50 Td (director ) Tj ET Q q 0 0 0 rg BT 117.25 263.50 Td (ceases ) Tj ET Q q 0 0 0 rg BT 144.66 263.50 Td (to ) Tj ET Q q 0 0 0 rg BT 154.32 263.50 Td (be ) Tj ET Q q 0 0 0 rg BT 165.63 263.50 Td (a ) Tj ET Q q 0 0 0 rg BT 171.94 263.50 Td (director ) Tj ET Q q 0 0 0 rg BT 204.91 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 215.12 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 229.21 263.50 Td (Company) Tj ET Q q 0 0 0 rg BT 267.45 263.50 Td (, ) Tj ET Q q 0 0 0 rg BT 271.82 263.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 302.02 263.50 Td (to ) Tj ET Q q 0 0 0 rg BT 311.67 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 325.77 263.50 Td (right ) Tj ET Q q 0 0 0 rg BT 346.53 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 356.73 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.83 263.50 Td (director ) Tj ET Q q 0 0 0 rg BT 403.79 263.50 Td (to ) Tj ET Q q 0 0 0 rg BT 413.45 263.50 Td (elect ) Tj ET Q q 0 0 0 rg BT 434.19 263.50 Td (an ) Tj ET Q q 0 0 0 rg BT 445.51 263.50 Td (installment ) Tj ET Q q 0 0 0 rg BT 491.82 263.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 528.13 263.50 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.50 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 251.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.99 251.50 Td (DSU ) Tj ET Q q 0 0 0 rg BT 112.49 251.50 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 75.98 230.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 108.05 230.50 Td (during ) Tj ET Q q 0 0 0 rg BT 136.25 230.50 Td (the ) Tj ET Q q 0 0 0 rg BT 150.55 230.50 Td (years ) Tj ET Q q 0 0 0 rg BT 173.74 230.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.24 230.50 Td (August ) Tj ET Q q 0 0 0 rg BT 230.22 230.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.81 230.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 269.39 230.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 291.48 230.50 Td (and ) Tj ET Q q 0 0 0 rg BT 308.00 230.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 230.50 Td ( ) Tj ET Q q 0 0 0 rg BT 330.09 230.50 Td (were ) Tj ET Q q 0 0 0 rg BT 351.60 230.50 Td (for ) Tj ET Q q 0 0 0 rg BT 365.35 230.50 Td (a ) Tj ET Q q 0 0 0 rg BT 371.88 230.50 Td (total ) Tj ET Q q 0 0 0 rg BT 391.74 230.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 230.50 Td (57,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 230.50 Td ( ) Tj ET Q q 0 0 0 rg BT 431.74 230.50 Td (shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.32 230.50 Td (48,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.82 230.50 Td ( ) Tj ET Q q 0 0 0 rg BT 490.90 230.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.98 230.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 230.50 Td (30,848) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 79.46 218.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 127.12 218.50 Td (. ) Tj ET Q q 0 0 0 rg BT 131.45 218.50 Td (The ) Tj ET Q q 0 0 0 rg BT 148.96 218.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 206.47 218.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 240.65 218.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.71 218.50 Td (with ) Tj ET Q q 0 0 0 rg BT 303.46 218.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 329.33 218.50 Td (and ) Tj ET Q q 0 0 0 rg BT 345.73 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 218.50 Td (total ) Tj ET Q q 0 0 0 rg BT 379.66 218.50 Td (value ) Tj ET Q q 0 0 0 rg BT 403.29 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.59 218.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 440.55 218.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 468.06 218.50 Td (during ) Tj ET Q q 0 0 0 rg BT 496.14 218.50 Td (each ) Tj ET Q q 0 0 0 rg BT 516.43 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 526.72 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 540.91 218.50 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.58 206.50 Td (August ) Tj ET Q q 0 0 0 rg BT 108.94 206.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 124.90 206.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 150.87 206.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 174.34 206.50 Td (and ) Tj ET Q q 0 0 0 rg BT 192.24 206.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.24 206.50 Td (, ) Tj ET Q q 0 0 0 rg BT 218.21 206.50 Td (as ) Tj ET Q q 0 0 0 rg BT 230.01 206.50 Td (well ) Tj ET Q q 0 0 0 rg BT 250.69 206.50 Td (as ) Tj ET Q q 0 0 0 rg BT 262.49 206.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.17 206.50 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 335.50 206.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 394.51 206.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 430.18 206.50 Td (as ) Tj ET Q q 0 0 0 rg BT 441.98 206.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.01 206.50 Td (August31, ) Tj ET Q q 0 0 0 rg BT 500.37 206.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.37 206.50 Td (, ) Tj ET Q q 0 0 0 rg BT 526.34 206.50 Td (were ) Tj ET Q q 0 0 0 rg BT 549.23 206.50 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.50 Td (material. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 173.50 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.78 155.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.78 155.50 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 112.84 155.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 135.74 155.50 Td (options ) Tj ET Q q 0 0 0 rg BT 166.97 155.50 Td (are ) Tj ET Q q 0 0 0 rg BT 180.97 155.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 212.74 155.50 Td (to ) Tj ET Q q 0 0 0 rg BT 222.30 155.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 266.85 155.50 Td (at ) Tj ET Q q 0 0 0 rg BT 275.85 155.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 310.39 155.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 336.06 155.50 Td (that ) Tj ET Q q 0 0 0 rg BT 352.84 155.50 Td (are ) Tj ET Q q 0 0 0 rg BT 366.83 155.50 Td (set ) 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(estimated ) Tj ET Q q 0 0 0 rg BT 298.05 143.50 Td (at ) Tj ET Q q 0 0 0 rg BT 307.48 143.50 Td (the ) Tj ET Q q 0 0 0 rg BT 321.90 143.50 Td (date ) Tj ET Q q 0 0 0 rg BT 340.76 143.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.30 143.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 374.05 143.50 Td (using ) Tj ET Q q 0 0 0 rg BT 397.93 143.50 Td (the ) Tj ET Q q 0 0 0 rg BT 412.35 143.50 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 472.32 143.50 Td (Option ) Tj ET Q q 0 0 0 rg BT 502.30 143.50 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 533.40 143.50 Td (Model, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.50 Td (which ) Tj ET Q q 0 0 0 rg BT 77.76 131.50 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 109.96 131.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 162.72 131.50 Td (related ) Tj ET Q q 0 0 0 rg BT 193.24 131.50 Td (to ) Tj ET Q q 0 0 0 rg BT 204.34 131.50 Td (volatility) Tj ET Q q 0 0 0 rg BT 239.80 131.50 Td (, ) Tj ET Q q 0 0 0 rg BT 245.62 131.50 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 131.50 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 298.33 131.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.09 131.50 Td (rate, ) Tj ET Q q 0 0 0 rg BT 351.89 131.50 Td (the ) Tj ET Q q 0 0 0 rg BT 367.42 131.50 Td (dividend ) Tj ET Q q 0 0 0 rg BT 405.74 131.50 Td (yield ) Tj ET Q q 0 0 0 rg BT 429.05 131.50 Td (and ) Tj ET Q q 0 0 0 rg BT 446.81 131.50 Td (employee ) Tj ET Q q 0 0 0 rg BT 489.00 131.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 525.07 131.50 Td (behavior) Tj ET Q q 0 0 0 rg BT 559.50 131.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.50 Td (Expected ) Tj ET Q q 0 0 0 rg BT 89.24 119.50 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 133.49 119.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 165.52 119.50 Td (in ) Tj ET Q q 0 0 0 rg BT 175.33 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 189.58 119.50 Td (model ) Tj ET Q q 0 0 0 rg BT 216.62 119.50 Td (are ) Tj ET Q q 0 0 0 rg BT 230.86 119.50 Td (based ) Tj ET Q q 0 0 0 rg BT 255.66 119.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.70 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 281.95 119.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 321.20 119.50 Td (volatility ) Tj ET Q q 0 0 0 rg BT 359.35 119.50 Td (of ) Tj ET Q q 0 0 0 rg BT 369.71 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 383.96 119.50 Td (Company) Tj ET Q q 0 0 0 rg BT 425.63 119.50 Td (s ) Tj ET Q q 0 0 0 rg BT 431.56 119.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 454.70 119.50 Td (price. ) Tj ET Q q 0 0 0 rg BT 479.08 119.50 Td (The ) Tj ET Q q 0 0 0 rg BT 496.66 119.50 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 532.56 119.50 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.65 107.50 Td (is ) Tj ET Q q 0 0 0 rg BT 76.99 107.50 Td (derived ) Tj ET Q q 0 0 0 rg BT 109.65 107.50 Td (from ) Tj ET Q q 0 0 0 rg BT 131.75 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.64 107.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 166.90 107.50 Td (T) Tj ET Q q 0 0 0 rg BT 172.65 107.50 Td (reasury ) Tj ET Q q 0 0 0 rg BT 204.75 107.50 Td (yield ) Tj ET Q q 0 0 0 rg BT 227.41 107.50 Td (curve ) Tj ET Q q 0 0 0 rg BT 252.29 107.50 Td (in ) Tj ET Q q 0 0 0 rg BT 262.74 107.50 Td (ef) Tj ET Q q 0 0 0 rg BT 270.32 107.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.98 107.50 Td (at ) Tj ET Q q 0 0 0 rg BT 297.86 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.75 107.50 Td (time ) Tj ET Q q 0 0 0 rg BT 333.19 107.50 Td (of ) Tj ET Q q 0 0 0 rg BT 344.19 107.50 Td (grant. ) Tj ET Q q 0 0 0 rg BT 369.71 107.50 Td (The ) Tj ET Q q 0 0 0 rg BT 387.93 107.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 426.13 107.50 Td (term ) Tj ET Q q 0 0 0 rg BT 447.12 107.50 Td (of ) Tj ET Q q 0 0 0 rg BT 458.12 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.01 107.50 Td (options ) Tj ET Q q 0 0 0 rg BT 505.12 107.50 Td (is ) Tj ET Q q 0 0 0 rg BT 514.46 107.50 Td (based ) Tj ET Q q 0 0 0 rg BT 539.90 107.50 Td (on ) Tj ET Q q 0 0 0 rg BT 552.57 107.50 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.50 Td (analysis ) Tj ET Q q 0 0 0 rg BT 84.72 95.50 Td (of ) Tj ET Q q 0 0 0 rg BT 95.55 95.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 133.58 95.50 Td (post-vesting ) Tj ET Q q 0 0 0 rg BT 184.97 95.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 220.22 95.50 Td (behavior ) Tj ET Q q 0 0 0 rg BT 257.71 95.50 Td (including ) Tj ET Q q 0 0 0 rg BT 297.98 95.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 337.69 95.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 372.94 95.50 Td (patterns ) Tj ET Q q 0 0 0 rg BT 407.10 95.50 Td (when ) Tj ET Q q 0 0 0 rg BT 431.26 95.50 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.50 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.22 74.50 Td ( ) Tj ET Q q 0 0 0 rg BT 64.72 74.50 Td (options ) Tj ET Q q 0 0 0 rg BT 96.67 74.50 Td (were ) Tj ET Q q 0 0 0 rg BT 118.60 74.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 151.08 74.50 Td (in ) Tj ET Q q 0 0 0 rg BT 161.36 74.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.52 74.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.52 74.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.52 74.50 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.52 74.50 Td (, ) Tj ET Q q 0 0 0 rg BT 235.52 74.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.46 74.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.46 74.50 Td (.) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) 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0 i [] 0 d 0 J 0 j 3 M 258.5 549.6 m 328.5 549.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 534.6 m 328.5 534.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 534.6 m 328.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 489.6 m 328.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 489.6 m 328.5 489.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 474.6 m 328.5 474.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 684.28 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.55 674.28 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.70 704.28 Td (W) Tj ET Q q 0 0 0 rg BT 356.15 704.28 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.60 694.28 Td (A) Tj ET Q q 0 0 0 rg BT 356.08 694.28 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.00 684.28 Td (Exer) Tj ET Q q 0 0 0 rg BT 369.37 684.28 Td (cise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.85 674.28 Td (Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.20 711.33 Td (W) Tj ET Q q 0 0 0 rg BT 433.65 711.33 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.10 701.33 Td (A) Tj ET Q q 0 0 0 rg BT 433.58 701.33 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 691.33 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 681.33 Td (Contractual) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.60 671.38 Td (T) Tj ET Q q 0 0 0 rg BT 417.35 671.38 Td (erm\(inyears\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.65 694.28 Td (Aggr) Tj ET Q q 0 0 0 rg BT 524.13 694.28 Td (egate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.95 684.28 Td (Intrinsic) Tj ET Q q 0 0 0 rg BT 531.94 684.28 Td (V) Tj ET Q q 0 0 0 rg BT 538.24 684.28 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.25 674.28 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 551.11 678.81 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 660.17 Td (Outstanding as of August31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 659.27 Td (555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 659.27 Td (32.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 659.27 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 659.27 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 644.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 644.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 644.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 629.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 629.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 629.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 629.27 Td (25.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 614.32 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 614.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 614.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 614.27 Td (30.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.17 Td (Outstanding as of August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 599.27 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 599.27 Td (32.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 599.27 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 599.27 Td (335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 584.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 570.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 569.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 569.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 569.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.17 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.30 554.32 Td (\(122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 554.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 554.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 554.27 Td (24.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.17 Td (Outstanding as of August31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 539.27 Td (404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 539.27 Td (34.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 539.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 524.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 524.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 509.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.17 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.30 494.32 Td (\(182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 494.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 494.27 Td (34.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td (Outstanding as of August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 479.27 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 479.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 479.27 Td (34.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 479.27 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 479.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 465.50 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 449.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 449.90 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 99.08 449.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 130.14 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 141.66 449.90 Td (dif) Tj ET Q q 0 0 0 rg BT 150.40 449.90 Td (ference ) Tj ET Q q 0 0 0 rg BT 175.68 449.90 Td (between ) Tj ET Q q 0 0 0 rg BT 204.08 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 215.60 449.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 243.54 449.90 Td (price ) Tj ET Q q 0 0 0 rg BT 261.28 449.90 Td (and ) Tj ET Q q 0 0 0 rg BT 274.57 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 286.09 449.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 310.95 449.90 Td (price ) Tj ET Q q 0 0 0 rg BT 328.68 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 337.09 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 348.61 449.90 Td (Company) Tj ET Q q 0 0 0 rg BT 381.94 449.90 Td (s ) Tj ET Q q 0 0 0 rg BT 386.80 449.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 405.43 449.90 Td (on ) Tj ET Q q 0 0 0 rg BT 415.17 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 426.69 449.90 Td (last ) Tj ET Q q 0 0 0 rg BT 439.55 449.90 Td (trading ) Tj ET Q q 0 0 0 rg BT 463.95 449.90 Td (day ) Tj ET Q q 0 0 0 rg BT 477.25 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 485.66 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 497.18 449.90 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 544.69 449.90 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 440.30 Td (year) Tj ET Q q 0 0 0 rg BT 81.45 440.30 Td (, ) Tj ET Q q 0 0 0 rg BT 85.45 440.30 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 120.33 440.30 Td (by ) Tj ET Q q 0 0 0 rg BT 130.33 440.30 Td (the ) Tj ET Q q 0 0 0 rg BT 142.11 440.30 Td (number ) Tj ET Q q 0 0 0 rg BT 168.54 440.30 Td (of ) Tj ET Q q 0 0 0 rg BT 177.21 440.30 Td (in-the-money ) Tj ET Q q 0 0 0 rg BT 222.30 440.30 Td (options.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.70 Td (All ) Tj ET Q q 0 0 0 rg BT 64.47 415.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 112.82 415.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 135.61 415.70 Td (options ) Tj ET Q q 0 0 0 rg BT 166.75 415.70 Td (were ) Tj ET Q q 0 0 0 rg BT 187.86 415.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 215.10 415.70 Td (as ) Tj ET Q q 0 0 0 rg BT 225.11 415.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.76 415.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 280.34 415.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.34 415.70 Td ( ) Tj ET Q q 0 0 0 rg BT 302.02 415.70 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 415.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 342.22 415.70 Td (The ) Tj ET Q q 0 0 0 rg BT 359.45 415.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 400.00 415.70 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 434.46 415.70 Td (value ) Tj ET Q q 0 0 0 rg BT 457.80 415.70 Td (of ) Tj ET Q q 0 0 0 rg BT 467.82 415.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 490.61 415.70 Td (options ) Tj ET Q q 0 0 0 rg BT 521.75 415.70 Td (exercised, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.70 Td (which ) Tj ET Q q 0 0 0 rg BT 76.79 403.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.69 403.70 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.89 403.70 Td ( ) Tj ET Q q 0 0 0 rg BT 114.24 403.70 Td (for ) Tj ET Q q 0 0 0 rg BT 128.25 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.81 403.70 Td (years ) Tj ET Q q 0 0 0 rg BT 166.26 403.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.96 403.70 Td (August ) Tj ET Q q 0 0 0 rg BT 223.20 403.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 238.05 403.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 260.40 403.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.19 403.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.19 403.70 Td ( ) Tj ET Q q 0 0 0 rg BT 299.53 403.70 Td (and ) Tj ET Q q 0 0 0 rg BT 316.32 403.70 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 361.98 403.70 Td (for ) Tj ET Q q 0 0 0 rg BT 375.99 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 390.55 403.70 Td (year ) Tj ET Q q 0 0 0 rg BT 410.11 403.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.82 403.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 482.05 403.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.05 403.70 Td (, ) Tj ET Q q 0 0 0 rg BT 506.90 403.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 549.79 403.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.70 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 391.70 Td (ference ) Tj ET Q q 0 0 0 rg BT 92.56 391.70 Td (between ) Tj ET Q q 0 0 0 rg BT 128.09 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.52 391.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 177.50 391.70 Td (price ) Tj ET Q q 0 0 0 rg BT 199.70 391.70 Td (and ) Tj ET Q q 0 0 0 rg BT 216.35 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 391.70 Td (value ) Tj ET Q q 0 0 0 rg BT 254.66 391.70 Td (of ) Tj ET Q q 0 0 0 rg BT 265.21 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 279.64 391.70 Td (Company) Tj ET Q q 0 0 0 rg BT 321.30 391.70 Td (s ) Tj ET Q q 0 0 0 rg BT 327.41 391.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 350.74 391.70 Td (at ) Tj ET Q q 0 0 0 rg BT 360.17 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.60 391.70 Td (time ) Tj ET Q q 0 0 0 rg BT 394.59 391.70 Td (of ) Tj ET Q q 0 0 0 rg BT 405.14 391.70 Td (exercise. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.61 391.70 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.83 391.70 Td ( ) Tj ET Q q 0 0 0 rg BT 457.05 391.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 480.38 391.70 Td (options ) Tj ET Q q 0 0 0 rg BT 512.04 391.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 539.80 391.70 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 391.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.70 Td (years ) Tj ET Q q 0 0 0 rg BT 75.65 379.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.07 379.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 151.50 379.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 379.70 Td ( ) Tj ET Q q 0 0 0 rg BT 176.05 379.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.03 379.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 242.47 379.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 379.70 Td ( ) Tj ET Q q 0 0 0 rg BT 267.02 379.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 379.70 Td (307,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 379.70 Td ( ) Tj ET Q q 0 0 0 rg BT 323.05 379.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 348.71 379.70 Td (options ) Tj ET Q q 0 0 0 rg BT 382.70 379.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 412.79 379.70 Td (in ) Tj ET Q q 0 0 0 rg BT 425.12 379.70 Td (the ) Tj ET Q q 0 0 0 rg BT 441.88 379.70 Td (year ) Tj ET Q q 0 0 0 rg BT 463.64 379.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.06 379.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 539.50 379.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 379.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.36 367.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.14 367.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 185.82 367.70 Td (with ) Tj ET Q q 0 0 0 rg BT 205.18 367.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 227.87 367.70 Td (options, ) Tj ET Q q 0 0 0 rg BT 261.40 367.70 Td (the ) Tj ET Q q 0 0 0 rg BT 275.20 367.70 Td (total ) Tj ET Q q 0 0 0 rg BT 294.56 367.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 331.67 367.70 Td (received ) Tj ET Q q 0 0 0 rg BT 367.12 367.70 Td (from ) Tj ET Q q 0 0 0 rg BT 388.14 367.70 Td (option ) Tj ET Q q 0 0 0 rg BT 415.28 367.70 Td (exercises ) Tj ET Q q 0 0 0 rg BT 453.51 367.70 Td (and ) Tj ET Q q 0 0 0 rg BT 469.53 367.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.33 367.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.12 367.70 Td (benefits ) Tj ET Q q 0 0 0 rg BT 530.36 367.70 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.70 Td (from ) Tj ET Q q 0 0 0 rg BT 71.61 355.70 Td (options ) Tj ET Q q 0 0 0 rg BT 103.23 355.70 Td (exercised ) Tj ET Q q 0 0 0 rg BT 143.16 355.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.88 355.70 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.09 355.70 Td ( ) Tj ET Q q 0 0 0 rg BT 180.26 355.70 Td (for ) Tj ET Q q 0 0 0 rg BT 194.09 355.70 Td (the ) Tj ET Q q 0 0 0 rg BT 208.48 355.70 Td (years ) Tj ET Q q 0 0 0 rg BT 231.75 355.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.32 355.70 Td (August ) Tj ET Q q 0 0 0 rg BT 288.38 355.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.05 355.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 325.23 355.70 Td (and ) Tj ET Q q 0 0 0 rg BT 341.84 355.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.84 355.70 Td ( ) Tj ET Q q 0 0 0 rg BT 364.01 355.70 Td (and ) Tj ET Q q 0 0 0 rg BT 380.62 355.70 Td (not ) Tj ET Q q 0 0 0 rg BT 395.57 355.70 Td (material ) Tj ET Q q 0 0 0 rg BT 430.50 355.70 Td (during ) Tj ET Q q 0 0 0 rg BT 458.78 355.70 Td (the ) Tj ET Q q 0 0 0 rg BT 473.17 355.70 Td (year ) Tj ET Q q 0 0 0 rg BT 492.55 355.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.12 355.70 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 343.70 Td (. ) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (89) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Note 15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 731.25 Td ( Income ) Tj ET Q q 0 0 0 rg BT 126.47 731.25 Td (T) Tj ET Q q 0 0 0 rg BT 132.22 731.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 710.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.49 710.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 107.21 710.25 Td (from ) Tj ET Q q 0 0 0 rg BT 129.15 710.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 174.42 710.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 218.57 710.25 Td (before ) Tj ET Q q 0 0 0 rg BT 246.61 710.25 Td (income ) Tj ET Q q 0 0 0 rg BT 278.54 710.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 301.59 710.25 Td (was ) Tj ET Q q 0 0 0 rg BT 319.64 710.25 Td (as ) Tj ET Q q 0 0 0 rg BT 330.47 710.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 362.97 710.25 Td (for ) Tj ET Q q 0 0 0 rg BT 377.13 710.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.85 710.25 Td (years ) Tj ET Q q 0 0 0 rg BT 415.45 710.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.27 710.25 Td (August31 ) Tj ET Q q 0 0 0 rg BT 485.17 710.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 498.77 710.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 684.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 684.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 684.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 684.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 684.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 684.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 654.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 654.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 654.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 654.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 654.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 654.75 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 343.5 684.75 m 413.5 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 684.75 m 487.5 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 684.75 m 561.5 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 684.75 m 413.5 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 684.75 m 487.5 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 684.75 m 561.5 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 654.75 m 413.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 654.75 m 487.5 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 654.75 m 561.5 654.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 639.75 m 413.5 639.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 639.75 m 487.5 639.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 639.75 m 561.5 639.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 689.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.00 689.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 689.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 675.32 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 674.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 674.47 Td (\(4,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 674.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 674.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 674.47 Td (\(113,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 674.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 674.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 674.42 Td (12,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 660.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 659.47 Td (\(11,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 659.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 659.47 Td (\(87,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 659.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 659.42 Td (2,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 645.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 644.47 Td (\(15,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 644.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 644.47 Td (\(200,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 644.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 644.42 Td (14,982) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.11 619.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.44 619.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 130.77 619.25 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 167.32 619.25 Td (from ) Tj ET Q q 0 0 0 rg BT 188.87 619.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 233.77 619.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 277.54 619.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 316.88 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.33 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.67 619.25 Td (following ) Tj ET Q q 0 0 0 rg BT 382.68 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.46 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.80 619.25 Td (years ) Tj ET Q q 0 0 0 rg BT 434.01 619.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 459.54 619.25 Td (August ) Tj ET Q q 0 0 0 rg BT 490.56 619.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 502.68 619.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 515.91 619.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 593.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 593.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 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518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 518.75 m 487.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 518.75 m 561.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 458.75 m 413.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 458.75 m 487.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 458.75 m 561.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 443.75 m 413.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 443.75 m 487.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 443.75 m 561.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 443.75 m 413.5 443.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 428.75 m 413.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 443.75 m 487.5 443.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 428.75 m 487.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 443.75 m 561.5 443.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 428.75 m 561.5 428.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 598.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 598.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.00 598.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 598.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 584.32 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 569.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 568.42 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 568.47 Td (\(11,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 568.42 Td (6,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 554.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 553.42 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 553.47 Td (\(84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 553.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 553.42 Td (229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 539.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 538.42 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 538.42 Td (732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 538.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 524.32 Td (Total current tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 523.42 Td (228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 523.47 Td (\(10,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 523.42 Td (6,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 509.32 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 494.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 493.42 Td (502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 493.47 Td (\(4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 493.47 Td (\(4,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 479.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 478.42 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 478.42 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 478.42 Td (880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 464.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.30 463.47 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 463.47 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 463.47 Td (\(301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 449.32 Td (Total deferred tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 448.42 Td (507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 448.47 Td (\(1,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 448.47 Td (\(4,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 434.32 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 433.42 Td (735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 433.47 Td (\(12,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 433.42 Td (2,582) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 405.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.40 405.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 115.11 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.17 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.12 405.25 Td (dif) Tj ET Q q 0 0 0 rg BT 150.05 405.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 181.20 405.25 Td (between ) Tj ET Q q 0 0 0 rg BT 216.24 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.19 405.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 259.68 405.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 296.41 405.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 313.13 405.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.30 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.25 405.25 Td (Company) Tj ET Q q 0 0 0 rg BT 384.91 405.25 Td (s ) Tj ET Q q 0 0 0 rg BT 390.53 405.25 Td (ef) Tj ET Q q 0 0 0 rg BT 398.12 405.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 427.06 405.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.01 405.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 457.72 405.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.12 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.07 405.25 Td (years ) Tj ET Q q 0 0 0 rg BT 507.90 405.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 533.12 405.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 62.50 393.25 Td (is ) Tj ET Q q 0 0 0 rg BT 71.67 393.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.50 393.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 368.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 368.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 368.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 368.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 368.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 338.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 338.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 338.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 308.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 308.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 308.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 278.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 278.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 278.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 248.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 248.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 248.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 248.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 218.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 218.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 218.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 218.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 188.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 188.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 188.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 188.75 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 344.5 368.75 m 414.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 368.75 m 488.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 368.75 m 562.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 368.75 m 414.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 368.75 m 488.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 368.75 m 562.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 173.75 m 414.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 173.75 m 488.5 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 173.75 m 562.5 173.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 158.75 m 414.5 158.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 158.75 m 488.5 158.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 158.75 m 562.5 158.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 373.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 373.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 373.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 373.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.32 Td (Federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 358.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 358.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 358.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 358.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 358.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 358.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.32 Td (State taxes, net of credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 343.42 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 343.42 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 343.47 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 343.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.32 Td (Foreign income taxed at different rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.45 328.42 Td (\(12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 328.47 Td (\(7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 328.47 Td (\(8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.32 Td (Section199 deduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 313.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 313.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 313.47 Td (\(5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 299.32 Td (Non-deductible officers compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 298.42 Td (\(2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 298.47 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 298.42 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 284.32 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 283.42 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 283.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 283.47 Td (\(8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 283.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 269.32 Td (Research and development credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 268.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 268.42 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 268.47 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 268.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 253.42 Td (Fixed asset tax basis adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.30 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 253.47 Td (\(15.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 253.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 238.42 Td (Valuation allowance on deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.45 238.42 Td (\(59.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 238.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 238.47 Td (\(25.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 238.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 238.42 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.42 Td (Unrecognized tax benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 223.42 Td (\(3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 223.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 223.47 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 223.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 223.42 Td (12.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 209.32 Td (Non-deductible goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 208.42 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 208.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 208.47 Td (\(2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 208.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 208.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 194.32 Td (Realized foreign investment basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 193.42 Td (29.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 193.42 Td (6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 193.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 178.42 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 178.47 Td (\(0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 178.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 178.47 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 178.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 164.32 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.45 163.42 Td (\(4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 163.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 163.42 Td (6.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 163.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 163.42 Td (17.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 163.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (90) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 731.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 115.68 731.10 Td (ef) Tj ET Q q 0 0 0 rg BT 123.27 731.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 153.25 731.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.24 731.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 186.01 731.10 Td (from ) Tj ET Q q 0 0 0 rg BT 208.22 731.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 253.77 731.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.21 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.76 731.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.19 731.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.19 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.97 731.10 Td (was ) Tj ET Q q 0 0 0 rg BT 374.30 731.10 Td (an ) Tj ET Q q 0 0 0 rg BT 386.52 731.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 421.50 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.61 731.10 Td (4.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.44 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 458.71 731.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.93 731.10 Td (was ) Tj ET Q q 0 0 0 rg BT 504.26 731.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 529.81 731.10 Td (than ) Tj ET Q q 0 0 0 rg BT 549.80 731.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.98 719.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 101.94 719.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 140.13 719.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 158.32 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.85 719.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.18 719.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.65 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 212.40 719.10 Td (ef) Tj ET Q q 0 0 0 rg BT 219.99 719.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 250.39 719.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 265.81 719.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 283.99 719.10 Td (was ) Tj ET Q q 0 0 0 rg BT 302.74 719.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 337.59 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 352.45 719.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 392.86 719.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 440.49 719.10 Td (on ) Tj ET Q q 0 0 0 rg BT 453.69 719.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 490.20 719.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.61 719.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.14 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 719.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.75 707.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 121.85 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.07 707.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 164.83 707.10 Td (income ) Tj ET Q q 0 0 0 rg BT 197.15 707.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 221.69 707.10 Td (at ) Tj ET Q q 0 0 0 rg BT 231.80 707.10 Td (dif) Tj ET Q q 0 0 0 rg BT 242.73 707.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 268.93 707.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 292.98 707.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 320.31 707.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 364.85 707.10 Td (were ) Tj ET Q q 0 0 0 rg BT 387.17 707.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 423.37 707.10 Td (of) Tj ET Q q 0 0 0 rg BT 431.52 707.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 448.85 707.10 Td (by ) Tj ET Q q 0 0 0 rg BT 461.74 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.84 707.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 521.93 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.14 707.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 97.18 695.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 120.47 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.43 695.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.94 695.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 192.05 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 210.89 695.10 Td (Company) Tj ET Q q 0 0 0 rg BT 252.56 695.10 Td (s ) Tj ET Q q 0 0 0 rg BT 259.75 695.10 Td (income ) Tj ET Q q 0 0 0 rg BT 292.48 695.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 307.99 695.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 343.49 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.46 695.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 398.41 695.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 438.92 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.54 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.06 695.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 502.11 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.18 695.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 549.78 695.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 90.19 683.10 Td (from ) Tj ET Q q 0 0 0 rg BT 112.59 683.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 177.21 683.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 203.51 683.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 223.14 683.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 253.32 683.10 Td (state ) Tj ET Q q 0 0 0 rg BT 274.61 683.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 295.35 683.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 310.53 683.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 351.89 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 370.40 683.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 406.12 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.87 683.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 457.05 683.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 500.55 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.52 683.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 549.80 683.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.84 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 95.91 671.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 143.29 671.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.13 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.09 671.10 Td (result ) Tj ET Q q 0 0 0 rg BT 188.82 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.66 671.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 238.05 671.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 279.60 671.10 Td (including ) Tj ET Q q 0 0 0 rg BT 320.88 671.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 348.82 671.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 376.23 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.52 671.10 Td (all ) Tj ET Q q 0 0 0 rg BT 401.03 671.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.76 671.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 472.22 671.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 525.73 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 671.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 92.32 659.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 125.76 659.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 165.56 659.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 207.33 659.10 Td (that ) Tj ET Q q 0 0 0 rg BT 224.10 659.10 Td (it ) Tj ET Q q 0 0 0 rg BT 231.43 659.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.88 659.10 Td (more ) Tj ET Q q 0 0 0 rg BT 262.20 659.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 286.75 659.10 Td (than ) Tj ET Q q 0 0 0 rg BT 305.74 659.10 Td (not ) Tj ET Q q 0 0 0 rg BT 320.29 659.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.06 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.05 659.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 393.92 659.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 407.91 659.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 437.45 659.10 Td (will ) Tj ET Q q 0 0 0 rg BT 454.78 659.10 Td (not ) Tj ET Q q 0 0 0 rg BT 469.34 659.10 Td (be ) Tj ET Q q 0 0 0 rg BT 480.55 659.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 516.46 659.10 Td (Realization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.50 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.89 647.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 110.36 647.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 124.75 647.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 150.25 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 159.09 647.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 202.36 647.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 224.53 647.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 268.90 647.10 Td (suf) Tj ET Q q 0 0 0 rg BT 280.94 647.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 308.65 647.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 339.69 647.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.30 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.25 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.63 647.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 438.90 647.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.29 647.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 504.90 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.85 647.10 Td (future ) Tj ET Q q 0 0 0 rg BT 540.90 647.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 635.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 90.54 635.10 Td (from ) Tj ET Q q 0 0 0 rg BT 112.48 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.20 635.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 161.34 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.17 635.10 Td (net ) Tj ET Q q 0 0 0 rg BT 186.89 635.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 231.04 635.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 274.63 635.10 Td (dif) Tj ET Q q 0 0 0 rg BT 285.56 635.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 321.37 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.31 635.10 Td (from ) Tj ET Q q 0 0 0 rg BT 360.24 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.96 635.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 418.01 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.84 635.10 Td (net ) Tj ET Q q 0 0 0 rg BT 443.55 635.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.82 635.10 Td (losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.91 614.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.86 614.10 Td (ef) Tj ET Q q 0 0 0 rg BT 122.45 614.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 152.02 614.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 166.60 614.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 183.96 614.10 Td (from ) Tj ET Q q 0 0 0 rg BT 205.76 614.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 250.90 614.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 294.92 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.07 614.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 329.09 614.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 351.46 614.10 Td (was ) Tj ET Q q 0 0 0 rg BT 369.38 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.18 614.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 406.31 614.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.01 614.10 Td (6.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.84 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.21 614.10 Td (which ) Tj ET Q q 0 0 0 rg BT 467.01 614.10 Td (was ) Tj ET Q q 0 0 0 rg BT 484.93 614.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 510.07 614.10 Td (than ) Tj ET Q q 0 0 0 rg BT 529.65 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.24 614.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.30 602.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 117.84 602.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 135.37 602.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.24 602.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.57 602.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.43 602.10 Td (The ) Tj ET Q q 0 0 0 rg BT 187.52 602.10 Td (ef) Tj ET Q q 0 0 0 rg BT 195.11 602.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 224.85 602.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 239.62 602.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 257.15 602.10 Td (was ) Tj ET Q q 0 0 0 rg BT 275.24 602.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 309.43 602.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.97 602.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.30 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.85 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.05 602.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 396.81 602.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 443.78 602.10 Td (on ) Tj ET Q q 0 0 0 rg BT 456.32 602.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 492.17 602.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.93 602.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.80 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 602.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.28 590.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 120.92 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.67 590.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 173.52 590.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 204.82 590.10 Td (income ) Tj ET Q q 0 0 0 rg BT 236.67 590.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 260.75 590.10 Td (at ) Tj ET Q q 0 0 0 rg BT 270.39 590.10 Td (dif) Tj ET Q q 0 0 0 rg BT 281.32 590.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 307.05 590.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 330.67 590.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 357.53 590.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 396.05 590.10 Td (were ) Tj ET Q q 0 0 0 rg BT 417.90 590.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 453.64 590.10 Td (of) Tj ET Q q 0 0 0 rg BT 461.79 590.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 478.65 590.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.07 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.71 590.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 553.67 590.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.06 578.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 74.69 578.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.58 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.20 578.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 136.59 578.10 Td (related ) Tj ET Q q 0 0 0 rg BT 166.42 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.82 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.66 578.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 236.48 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.44 578.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 278.94 578.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 325.45 578.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 348.07 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.36 578.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 377.20 578.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 417.68 578.10 Td (The ) Tj ET Q q 0 0 0 rg BT 435.86 578.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 471.23 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.64 578.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 521.47 578.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.13 566.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 97.57 566.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 111.92 566.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 137.38 566.10 Td (was ) Tj ET Q q 0 0 0 rg BT 155.06 566.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 201.05 566.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.52 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.09 566.10 Td (result ) Tj ET Q q 0 0 0 rg BT 242.43 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.90 566.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 288.90 566.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 329.06 566.10 Td (including ) Tj ET Q q 0 0 0 rg BT 368.97 566.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 395.52 566.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 421.55 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.46 566.10 Td (all ) Tj ET Q q 0 0 0 rg BT 443.58 566.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 457.93 566.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 512.00 566.10 Td (outweighing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 554.10 Td (more ) Tj ET Q q 0 0 0 rg BT 87.36 554.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 130.20 554.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 164.17 554.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 204.50 554.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 246.79 554.10 Td (that ) Tj ET Q q 0 0 0 rg BT 264.08 554.10 Td (it ) Tj ET Q q 0 0 0 rg BT 271.94 554.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.90 554.10 Td (more ) Tj ET Q q 0 0 0 rg BT 303.75 554.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 328.82 554.10 Td (than ) Tj ET Q q 0 0 0 rg BT 348.34 554.10 Td (not ) Tj ET Q q 0 0 0 rg BT 363.42 554.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.71 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.22 554.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 438.62 554.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.13 554.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 483.20 554.10 Td (will ) Tj ET Q q 0 0 0 rg BT 501.05 554.10 Td (not ) Tj ET Q q 0 0 0 rg BT 516.13 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.87 554.10 Td (realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.70 533.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 114.44 533.10 Td (ef) Tj ET Q q 0 0 0 rg BT 122.02 533.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 151.38 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.75 533.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 182.89 533.10 Td (from ) Tj ET Q q 0 0 0 rg BT 204.49 533.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 249.41 533.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 293.22 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.16 533.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 326.97 533.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 349.12 533.10 Td (was ) Tj ET Q q 0 0 0 rg BT 366.83 533.10 Td (an ) Tj ET Q q 0 0 0 rg BT 378.42 533.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 412.78 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.27 533.10 Td (17.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.25 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.85 533.10 Td (was ) Tj ET Q q 0 0 0 rg BT 485.55 533.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 510.48 533.10 Td (than ) Tj ET Q q 0 0 0 rg BT 529.85 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.22 533.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 79.61 521.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 116.46 521.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 133.29 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.48 521.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.81 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.03 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.43 521.10 Td (ef) Tj ET Q q 0 0 0 rg BT 191.01 521.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 220.07 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.14 521.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 250.98 521.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 290.03 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 311.32 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.62 521.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 340.02 521.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 361.31 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 375.38 521.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 397.23 521.10 Td (study ) Tj ET Q q 0 0 0 rg BT 420.75 521.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 464.25 521.10 Td (during ) Tj ET Q q 0 0 0 rg BT 492.21 521.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 515.72 521.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 537.57 521.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.71 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.54 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.81 509.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 159.41 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.79 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.28 509.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.55 509.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 224.37 509.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.75 509.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 248.80 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.70 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.25 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.63 509.10 Td (well ) Tj ET Q q 0 0 0 rg BT 314.90 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 326.29 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.56 509.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 383.47 509.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 413.74 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.12 509.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 467.61 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 500.09 509.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.24 509.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 112.83 497.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 152.61 497.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 185.44 497.10 Td (income ) Tj ET Q q 0 0 0 rg BT 218.83 497.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 244.43 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 255.60 497.10 Td (dif) Tj ET Q q 0 0 0 rg BT 266.53 497.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 293.80 497.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 319.13 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.52 497.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 368.67 497.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 415.95 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.34 497.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 467.45 497.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 494.17 497.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 540.33 497.10 Td (items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 92.90 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.03 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.62 485.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 145.73 485.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.86 485.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 178.76 485.10 Td (included ) Tj ET Q q 0 0 0 rg BT 216.10 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.23 485.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 279.68 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.93 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.28 485.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 338.40 485.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 381.84 485.10 Td (against ) Tj ET Q q 0 0 0 rg BT 413.08 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 443.19 485.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 474.98 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.33 485.10 Td (state ) Tj ET Q q 0 0 0 rg BT 513.57 485.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 549.79 485.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.41 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.92 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.21 473.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 153.83 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.23 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.75 473.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 203.93 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.67 473.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 273.60 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 287.90 473.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 321.63 473.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.03 473.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 344.11 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 473.10 Td (. ) Tj ET Q q 0 0 0 rg BT 377.42 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 395.05 473.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 434.33 473.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 476.94 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.02 473.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 524.40 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.69 473.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 461.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.38 461.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 121.68 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.54 461.10 Td (state ) Tj ET Q q 0 0 0 rg BT 159.29 461.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.93 461.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 225.80 461.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.97 461.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.40 461.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 290.82 461.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.71 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.14 461.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 363.98 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.18 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.82 461.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 410.69 461.10 Td (year ) Tj ET Q q 0 0 0 rg BT 430.32 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.18 461.10 Td (was ) Tj ET Q q 0 0 0 rg BT 465.15 461.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 511.44 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.19 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.05 461.10 Td (result ) Tj ET Q q 0 0 0 rg BT 553.69 461.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 87.24 449.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 128.64 449.10 Td (including ) Tj ET Q q 0 0 0 rg BT 169.77 449.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 197.56 449.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 224.82 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.97 449.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 266.53 449.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 298.78 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.58 449.10 Td (state ) Tj ET Q q 0 0 0 rg BT 338.27 449.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 393.58 449.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 446.94 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.52 449.10 Td (more ) Tj ET Q q 0 0 0 rg BT 486.44 449.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 530.34 449.10 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 90.81 437.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 133.57 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.35 437.10 Td (it ) Tj ET Q q 0 0 0 rg BT 159.68 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.12 437.10 Td (more ) Tj ET Q q 0 0 0 rg BT 192.45 437.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 218.00 437.10 Td (than ) Tj ET Q q 0 0 0 rg BT 237.99 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.54 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.31 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.31 437.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 330.18 437.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 345.17 437.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 375.71 437.10 Td (will ) Tj ET Q q 0 0 0 rg BT 394.04 437.10 Td (not ) Tj ET Q q 0 0 0 rg BT 409.59 437.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.81 437.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 458.73 437.10 Td (Realization ) Tj ET Q q 0 0 0 rg BT 507.04 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.14 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.14 437.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (subsidiaries' ) Tj ET Q q 0 0 0 rg BT 101.96 425.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 138.21 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 153.36 425.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.63 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.25 425.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 233.28 425.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 256.22 425.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 301.36 425.10 Td (suf) Tj ET Q q 0 0 0 rg BT 313.41 425.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 341.89 425.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 373.70 425.10 Td (income ) Tj ET Q q 0 0 0 rg BT 406.08 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.79 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.95 425.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 463.77 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 478.93 425.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 527.42 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.14 425.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.60 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.88 413.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 114.14 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 136.08 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.80 413.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 184.94 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.77 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 210.49 413.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 254.64 413.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 298.23 413.10 Td (dif) Tj ET Q q 0 0 0 rg BT 309.16 413.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 344.97 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.90 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 383.84 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.56 413.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 441.61 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.44 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 467.15 413.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 507.42 413.10 Td (losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.03 395.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.74 395.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.57 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.51 395.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 185.23 395.10 Td (were ) Tj ET Q q 0 0 0 rg BT 207.16 395.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 251.31 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.14 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.86 395.10 Td (following ) Tj ET Q q 0 0 0 rg BT 318.25 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 329.08 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.36 395.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 383.25 395.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 396.86 395.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 364.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 364.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 334.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 334.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 304.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 304.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 274.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 274.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 244.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 244.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 214.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 214.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 184.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 184.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 184.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 154.60 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 154.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 154.60 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 418.5 364.6 m 488.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 364.6 m 562.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 364.6 m 488.5 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 229.60000000000002 m 488.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 214.60000000000002 m 488.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 229.60000000000002 m 562.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 214.60000000000002 m 562.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 154.60000000000002 m 488.5 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 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0 d 0 J 0 j 3 M 492.5 587.75 m 562.5 587.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 682.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 682.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 682.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 668.32 Td (Unrecognized tax benefits, as of the beginning of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 667.42 Td (3,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 667.42 Td (2,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 667.42 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.32 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 652.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 652.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 652.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.32 Td (Reductions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.30 637.47 Td (\(56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 637.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 637.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 637.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.32 Td (Additions for tax positions of the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 622.42 Td (810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 622.42 Td (1,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 622.42 Td (2,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.32 Td (Settlements with tax authorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 607.47 Td (\(381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 607.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.32 Td (Unrecognized tax benefits, as of the end of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 592.42 Td (4,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 592.42 Td (3,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 592.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 592.42 Td (2,780) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.69 567.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.71 567.25 Td (does ) Tj ET Q q 0 0 0 rg BT 132.18 567.25 Td (not ) Tj ET Q q 0 0 0 rg BT 148.10 567.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 190.10 567.25 Td (any ) Tj ET Q q 0 0 0 rg BT 207.68 567.25 Td (material ) Tj ET Q q 0 0 0 rg BT 243.58 567.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 278.92 567.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.84 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.20 567.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 337.20 567.25 Td (in ) Tj ET Q q 0 0 0 rg BT 348.12 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.47 567.25 Td (next ) Tj ET Q q 0 0 0 rg BT 383.83 567.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 396.97 567.25 Td (months. ) Tj ET Q q 0 0 0 rg BT 432.05 567.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 471.29 567.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 514.97 567.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.89 567.25 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.25 Td (claimed ) Tj ET Q q 0 0 0 rg BT 84.62 555.25 Td (on ) Tj ET Q q 0 0 0 rg BT 97.59 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.78 555.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 137.40 555.25 Td (year ) Tj ET Q q 0 0 0 rg BT 157.58 555.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 183.05 555.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 206.02 555.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.43 555.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 246.40 555.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 261.59 555.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 292.33 555.25 Td (would ) Tj ET Q q 0 0 0 rg BT 320.30 555.25 Td (result ) Tj ET Q q 0 0 0 rg BT 345.48 555.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.23 555.25 Td (net ) Tj ET Q q 0 0 0 rg BT 371.42 555.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 412.15 555.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 430.68 555.25 Td (of) Tj ET Q q 0 0 0 rg BT 438.83 555.25 Td (fsets ) Tj ET Q q 0 0 0 rg BT 460.13 555.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.88 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.07 555.25 Td (event ) Tj ET Q q 0 0 0 rg BT 510.69 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.88 555.25 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.56 543.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 122.56 543.25 Td (challenged. ) Tj ET Q q 0 0 0 rg BT 170.50 543.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 207.63 543.25 Td (to ) Tj ET Q q 0 0 0 rg BT 217.54 543.25 Td (F) Tj ET Q q 0 0 0 rg BT 222.36 543.25 Td (ASB's ) Tj ET Q q 0 0 0 rg BT 249.16 543.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 297.95 543.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 339.52 543.25 Td (Update ) Tj ET Q q 0 0 0 rg BT 370.52 543.25 Td (2013-1) Tj ET Q q 0 0 0 rg BT 398.48 543.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 408.11 543.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.46 543.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 457.34 543.25 Td (are ) Tj ET Q q 0 0 0 rg BT 471.68 543.25 Td (netted ) Tj ET Q q 0 0 0 rg BT 498.24 543.25 Td (against ) Tj ET Q q 0 0 0 rg BT 528.70 543.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 531.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 90.55 531.25 Td (related ) Tj ET Q q 0 0 0 rg BT 120.25 531.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.53 531.25 Td (net ) Tj ET Q q 0 0 0 rg BT 145.24 531.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 185.51 531.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 203.57 531.25 Td (carryforwards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 510.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 114.41 510.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 150.80 510.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.63 510.25 Td (tax-related ) Tj ET Q q 0 0 0 rg BT 206.88 510.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 244.92 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.86 510.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 293.79 510.25 Td (were ) Tj ET Q q 0 0 0 rg BT 315.72 510.25 Td (not ) Tj ET Q q 0 0 0 rg BT 331.00 510.25 Td (material ) Tj ET Q q 0 0 0 rg BT 366.25 510.25 Td (for ) Tj ET Q q 0 0 0 rg BT 380.42 510.25 Td (all ) Tj ET Q q 0 0 0 rg BT 392.91 510.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 424.85 510.25 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.18 489.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.71 489.25 Td (files ) Tj ET Q q 0 0 0 rg BT 129.56 489.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 159.95 489.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.02 489.25 Td (state ) Tj ET Q q 0 0 0 rg BT 197.98 489.25 Td (income ) Tj ET Q q 0 0 0 rg BT 230.05 489.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 244.90 489.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 275.31 489.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.72 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.58 489.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 320.99 489.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.07 489.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 369.58 489.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 384.43 489.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 414.84 489.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.25 489.25 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 454.00 489.25 Td (Rico ) Tj ET Q q 0 0 0 rg BT 475.52 489.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.59 489.25 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 527.71 489.25 Td (For ) Tj ET Q q 0 0 0 rg BT 544.24 489.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.25 477.25 Td (income ) Tj ET Q q 0 0 0 rg BT 112.19 477.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 126.90 477.25 Td (returns, ) Tj ET Q q 0 0 0 rg BT 159.67 477.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 183.83 477.25 Td (years ) Tj ET Q q 0 0 0 rg BT 207.43 477.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 229.93 477.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.21 477.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 262.71 477.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 292.97 477.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 323.79 477.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.07 477.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 386.00 477.25 Td (under ) Tj ET Q q 0 0 0 rg BT 411.27 477.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.99 477.25 Td (statute ) Tj ET Q q 0 0 0 rg BT 454.59 477.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.42 477.25 Td (limitations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (Note 16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 450.25 Td ( Net Income \(Loss\) Per) Tj ET Q q 0 0 0 rg BT 187.56 450.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 210.44 450.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 429.25 Td (following ) Tj ET Q q 0 0 0 rg BT 109.98 429.25 Td (table ) Tj ET Q q 0 0 0 rg BT 132.19 429.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 149.96 429.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 172.17 429.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.16 429.25 Td (information ) Tj ET Q q 0 0 0 rg BT 237.15 429.25 Td (used ) Tj ET Q q 0 0 0 rg BT 258.25 429.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.80 429.25 Td (compute ) Tj ET Q q 0 0 0 rg BT 306.01 429.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 329.33 429.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.54 429.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 377.09 429.25 Td (net ) Tj ET Q q 0 0 0 rg BT 392.08 429.25 Td (income ) Tj ET Q q 0 0 0 rg BT 424.29 429.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 449.28 429.25 Td (per ) Tj ET Q q 0 0 0 rg BT 464.82 429.25 Td (share ) Tj ET Q q 0 0 0 rg BT 488.70 429.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 537.01 429.25 Td (to ) Tj ET Q q 0 0 0 rg BT 547.56 429.25 Td (SSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 417.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 417.25 Td (years ) Tj ET Q q 0 0 0 rg BT 102.48 417.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 128.30 417.25 Td (August31 ) Tj ET Q q 0 0 0 rg BT 172.19 417.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 185.80 417.25 Td (thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 383.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 383.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 383.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 383.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 383.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 353.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 353.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 353.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 353.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 353.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 353.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 323.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 323.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 323.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 293.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 293.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 293.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 293.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 253.75 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 253.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 253.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 253.75 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 344.5 383.75 m 414.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 383.75 m 488.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 383.75 m 562.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 383.75 m 414.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 383.75 m 488.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 383.75 m 562.5 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 353.75 m 414.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 353.75 m 488.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 353.75 m 562.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 323.75 m 414.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 323.75 m 488.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 323.75 m 562.5 323.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 308.75 m 414.5 308.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 308.75 m 488.5 308.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 308.75 m 562.5 308.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 308.75 m 414.5 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 253.75 m 414.5 253.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 238.75 m 414.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 253.75 m 488.5 253.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 238.75 m 488.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 253.75 m 562.5 253.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 238.75 m 562.5 238.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 388.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 388.43 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 388.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.32 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 373.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 373.47 Td (\(16,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 373.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 373.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 373.47 Td (\(187,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 373.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 373.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 373.42 Td (12,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.32 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 358.47 Td (\(1,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 358.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 358.47 Td (\(1,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 358.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 358.47 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 358.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.32 Td (Income \(loss\) from continuing operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 343.47 Td (\(18,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 343.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 343.47 Td (\(189,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 343.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 343.42 Td (8,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.32 Td (Loss from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 328.47 Td (\(1,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 328.47 Td (\(7,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 328.47 Td (\(2,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.32 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 313.47 Td (\(19,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 313.47 Td (\(197,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 313.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 313.42 Td (5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 299.32 Td (Computation of shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 284.32 Td (Weighted average common shares outstanding, basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 283.42 Td (27,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 283.42 Td (27,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 283.42 Td (26,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 269.32 Td (Incremental common shares attributable to dilutive stock options,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 259.32 Td (performance share awards, DSUs and RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 258.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 258.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 258.42 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 244.32 Td (Weighted average common shares outstanding, diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 243.42 Td (27,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 243.42 Td (27,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 243.42 Td (27,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 89.69 215.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.25 215.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 157.37 215.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 184.82 215.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.61 215.25 Td (1,016,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.61 215.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.57 215.25 Td (1,018,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.57 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 283.03 215.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.92 215.25 Td (618,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.42 215.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.88 215.25 Td (were ) Tj ET Q q 0 0 0 rg BT 356.77 215.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 402.55 215.25 Td (antidilutive ) Tj ET Q q 0 0 0 rg BT 450.55 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.45 215.25 Td (were ) Tj ET Q q 0 0 0 rg BT 489.34 215.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 527.90 215.25 Td (from ) Tj ET Q q 0 0 0 rg BT 549.79 215.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 95.15 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.77 203.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 133.82 203.25 Td (net ) Tj ET Q q 0 0 0 rg BT 147.32 203.25 Td (income ) Tj ET Q q 0 0 0 rg BT 178.04 203.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 201.55 203.25 Td (per ) Tj ET Q q 0 0 0 rg BT 215.60 203.25 Td (share ) Tj ET Q q 0 0 0 rg BT 237.98 203.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 284.80 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.87 203.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 309.60 203.25 Td (for ) Tj ET Q q 0 0 0 rg BT 322.55 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.05 203.25 Td (years ) Tj ET Q q 0 0 0 rg BT 358.43 203.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.31 203.25 Td (August ) Tj ET Q q 0 0 0 rg BT 413.49 203.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 427.27 203.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 451.05 203.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 472.34 203.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.06 203.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.06 203.25 Td (, ) Tj ET Q q 0 0 0 rg BT 511.85 203.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.51 203.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (Note 17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 176.25 Td ( Related Party ) Tj ET Q q 0 0 0 rg BT 153.96 176.25 Td (T) Tj ET Q q 0 0 0 rg BT 159.88 176.25 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.94 155.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.22 155.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 154.05 155.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 191.30 155.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 216.91 155.25 Td (from ) Tj ET Q q 0 0 0 rg BT 239.75 155.25 Td (its ) Tj ET Q q 0 0 0 rg BT 252.59 155.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 274.32 155.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 307.70 155.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.75 155.25 Td (at ) Tj ET Q q 0 0 0 rg BT 363.36 155.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 390.63 155.25 Td (that ) Tj ET Q q 0 0 0 rg BT 409.02 155.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 462.40 155.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 479.67 155.25 Td (market ) Tj ET Q q 0 0 0 rg BT 510.83 155.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 538.13 155.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.58 143.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.94 143.25 Td ($12 ) Tj ET Q q 0 0 0 rg BT 138.08 143.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.97 143.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.62 143.25 Td ($22 ) Tj ET Q q 0 0 0 rg BT 188.77 143.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.66 143.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.81 143.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.39 143.25 Td ($30 ) Tj ET Q q 0 0 0 rg BT 253.54 143.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.43 143.25 Td ( ) Tj ET Q q 0 0 0 rg BT 284.58 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 298.39 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.75 143.25 Td (years ) Tj ET Q q 0 0 0 rg BT 336.00 143.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.55 143.25 Td (August ) Tj ET Q q 0 0 0 rg BT 392.59 143.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 407.24 143.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 431.88 143.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 454.03 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.62 143.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.62 143.25 Td (, ) Tj ET Q q 0 0 0 rg BT 495.26 143.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 542.93 143.25 Td (. ) Tj ET Q q 0 0 0 rg BT 547.57 143.25 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 88.59 131.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.31 131.25 Td (these ) Tj ET Q q 0 0 0 rg BT 120.80 131.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 141.08 131.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 176.89 131.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.27 131.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.47 131.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.42 131.25 Td (for ) Tj ET Q q 0 0 0 rg BT 231.02 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.18 131.25 Td (years ) Tj ET Q q 0 0 0 rg BT 268.22 131.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 293.61 131.25 Td (August ) Tj ET Q q 0 0 0 rg BT 324.44 131.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 338.88 131.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 360.83 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.21 131.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 401.65 131.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.03 131.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 429.97 131.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.87 131.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.81 131.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.41 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.57 131.25 Td (year ) Tj ET Q q 0 0 0 rg BT 507.72 131.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 533.11 131.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 119.25 Td (2014.) Tj ET Q endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (92) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (Thomas ) Tj ET Q q 0 0 0 rg BT 84.31 731.10 Td (D. ) Tj ET Q q 0 0 0 rg BT 96.12 731.10 Td (Klauer) Tj ET Q q 0 0 0 rg BT 122.93 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.52 731.10 Td (Jr) Tj ET Q q 0 0 0 rg BT 134.19 731.10 Td (., ) Tj ET Q q 0 0 0 rg BT 141.28 731.10 Td (who ) Tj ET Q q 0 0 0 rg BT 160.60 731.10 Td (had ) Tj ET Q q 0 0 0 rg BT 177.13 731.10 Td (been ) Tj ET Q q 0 0 0 rg BT 198.10 731.10 Td (President ) Tj ET Q q 0 0 0 rg BT 237.41 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.83 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.14 731.10 Td (Company) Tj ET Q q 0 0 0 rg BT 303.80 731.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.79 731.10 Td (former ) Tj ET Q q 0 0 0 rg BT 338.63 731.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 360.72 731.10 Td (Parts ) Tj ET Q q 0 0 0 rg BT 382.81 731.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 420.46 731.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 441.99 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.86 731.10 Td (his ) Tj ET Q q 0 0 0 rg BT 465.63 731.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 508.81 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.90 731.10 Td (January5, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.95 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.07 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.73 719.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 117.29 719.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 166.38 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.16 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.04 719.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 232.58 719.10 Td (that ) Tj ET Q q 0 0 0 rg BT 250.03 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 259.15 719.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.81 719.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.14 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.59 719.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 331.48 719.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 362.24 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.47 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.35 719.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 426.79 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.01 719.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.90 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.56 719.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 519.90 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.02 719.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.68 719.10 Td (75%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 80.11 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.35 707.10 Td (which ) Tj ET Q q 0 0 0 rg BT 122.58 707.10 Td (operates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.70 707.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.24 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.04 707.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 222.92 707.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 248.05 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.62 707.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 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188.49 695.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.19 695.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 230.68 695.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.57 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.05 695.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.98 695.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 291.47 695.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.36 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.84 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.99 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.70 695.10 Td (years ) Tj ET Q q 0 0 0 rg BT 375.28 695.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 401.10 695.10 Td (August ) Tj ET Q q 0 0 0 rg BT 432.47 695.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.46 695.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 469.95 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.87 695.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 511.86 695.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.52 695.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.15 683.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 117.75 683.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 145.23 683.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 188.82 683.10 Td (from ) Tj ET Q q 0 0 0 rg BT 211.87 683.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 244.36 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.75 683.10 Td (which ) Tj ET Q q 0 0 0 rg BT 283.79 683.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 295.46 683.10 Td (. ) Tj ET Q q 0 0 0 rg BT 301.57 683.10 Td (Klauer ) Tj ET Q q 0 0 0 rg BT 332.38 683.10 Td (has ) Tj ET Q q 0 0 0 rg BT 349.32 683.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 394.59 683.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 431.52 683.10 Td (under ) Tj ET Q q 0 0 0 rg BT 457.90 683.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 507.04 683.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.64 683.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 554.23 683.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.96 671.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.96 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.85 671.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.50 671.10 Td (options ) Tj ET Q q 0 0 0 rg BT 169.83 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.49 671.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 207.80 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.90 671.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 252.16 671.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.04 671.10 Td (expiration, ) Tj ET Q q 0 0 0 rg BT 320.96 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.50 671.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 371.71 671.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 406.33 671.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.75 671.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 443.18 671.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 463.28 671.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.16 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.26 671.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 539.12 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 671.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 80.86 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.62 659.10 Td (which ) Tj ET Q q 0 0 0 rg BT 117.04 659.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 128.71 659.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.18 659.10 Td (Klauer ) Tj ET Q q 0 0 0 rg BT 162.37 659.10 Td (has ) Tj ET Q q 0 0 0 rg BT 177.68 659.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 221.32 659.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 259.12 659.10 Td (through ) Tj ET Q q 0 0 0 rg BT 292.21 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.41 659.10 Td (date ) Tj ET Q q 0 0 0 rg BT 325.04 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.35 659.10 Td (his ) Tj ET Q q 0 0 0 rg BT 349.00 659.10 Td (retirement, ) Tj ET Q q 0 0 0 rg BT 394.57 659.10 Td (was ) Tj ET Q q 0 0 0 rg BT 412.10 659.10 Td (less ) Tj ET Q q 0 0 0 rg BT 429.08 659.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.27 659.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 460.25 659.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.14 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.12 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.76 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.96 659.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.14 659.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 96.39 647.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 121.39 647.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.33 647.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 150.83 647.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.72 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.22 647.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.38 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.10 647.10 Td (year ) Tj ET Q q 0 0 0 rg BT 230.81 647.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 256.63 647.10 Td (August ) Tj ET Q q 0 0 0 rg BT 288.02 647.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.02 647.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 81.10 626.10 Td (members ) Tj ET Q q 0 0 0 rg BT 119.42 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.42 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.31 626.10 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 182.74 626.10 Td (family ) Tj ET Q q 0 0 0 rg BT 210.51 626.10 Td (own ) Tj ET Q q 0 0 0 rg BT 229.40 626.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 273.28 626.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 308.27 626.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 320.21 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.21 626.10 Td (are ) Tj ET Q q 0 0 0 rg BT 344.09 626.10 Td (related ) Tj ET Q q 0 0 0 rg BT 372.96 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.40 626.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 412.95 626.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 425.45 626.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 456.19 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.86 626.10 Td (Corp ) Tj ET Q q 0 0 0 rg BT 479.53 626.10 Td (\(MMGL, ) Tj ET Q q 0 0 0 rg BT 527.01 626.10 Td (formerly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (known ) Tj ET Q q 0 0 0 rg BT 79.49 614.10 Td (as ) Tj ET Q q 0 0 0 rg BT 90.09 614.10 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 130.13 614.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 176.83 614.10 Td (Corp.\), ) Tj ET Q q 0 0 0 rg BT 207.43 614.10 Td (which ) Tj ET Q q 0 0 0 rg BT 234.14 614.10 Td (is ) Tj ET Q q 0 0 0 rg BT 243.08 614.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 278.67 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.72 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.20 614.10 Td (real ) Tj ET Q q 0 0 0 rg BT 320.46 614.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 345.49 614.10 Td (business ) Tj ET Q q 0 0 0 rg BT 381.66 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.36 614.10 Td (was ) Tj ET Q q 0 0 0 rg BT 416.19 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.90 614.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 466.27 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.88 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.36 614.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.52 614.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.23 614.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (1989. ) Tj ET Q q 0 0 0 rg BT 75.52 602.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.33 602.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.47 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.17 602.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 184.91 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.17 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.64 602.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 241.89 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.93 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.62 602.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 279.99 602.10 Td (sharing ) Tj ET Q q 0 0 0 rg BT 312.69 602.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 365.91 602.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.95 602.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 418.52 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.56 602.10 Td (defense ) Tj ET Q q 0 0 0 rg BT 463.36 602.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.62 602.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.08 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.11 602.10 Td (Portland ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (Harbor) Tj ET Q q 0 0 0 rg BT 77.77 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 82.90 590.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 113.64 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.28 590.10 Td (was ) Tj ET Q q 0 0 0 rg BT 134.46 590.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 180.41 590.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.48 590.10 Td (related ) Tj ET Q q 0 0 0 rg BT 217.32 590.10 Td (party ) Tj ET Q q 0 0 0 rg BT 240.50 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.79 590.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.41 590.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 331.69 590.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 369.88 590.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 391.95 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.36 590.10 Td (January ) Tj ET Q q 0 0 0 rg BT 436.09 590.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 458.73 590.10 Td (due ) Tj ET Q q 0 0 0 rg BT 475.80 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.21 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.06 590.10 Td (involvement ) Tj ET Q q 0 0 0 rg BT 553.69 590.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (Kenneth ) Tj ET Q q 0 0 0 rg BT 86.35 578.10 Td (M. ) Tj ET Q q 0 0 0 rg BT 100.22 578.10 Td (Novack, ) Tj ET Q q 0 0 0 rg BT 136.29 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.20 578.10 Td (former ) Tj ET Q q 0 0 0 rg BT 172.89 578.10 Td (member ) Tj ET Q q 0 0 0 rg BT 208.12 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.93 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.62 578.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 280.67 578.10 Td (board ) Tj ET Q q 0 0 0 rg BT 305.92 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.72 578.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 356.68 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.94 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.63 578.10 Td (management ) Tj ET Q q 0 0 0 rg BT 435.19 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.00 578.10 Td (MMGL. ) Tj ET Q q 0 0 0 rg BT 481.54 578.10 Td (As ) Tj ET Q q 0 0 0 rg BT 495.12 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.93 578.10 Td (January ) Tj ET Q q 0 0 0 rg BT 539.50 578.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 566.10 Td (. ) Tj ET Q q 0 0 0 rg BT 66.83 566.10 Td (Novack ) Tj ET Q q 0 0 0 rg BT 100.60 566.10 Td (was ) Tj ET Q q 0 0 0 rg BT 118.82 566.10 Td (no ) Tj ET Q q 0 0 0 rg BT 131.48 566.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 159.69 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.80 566.10 Td (member ) Tj ET Q q 0 0 0 rg BT 202.22 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.22 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.10 566.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 275.35 566.10 Td (board ) Tj ET Q q 0 0 0 rg BT 300.78 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.78 566.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 349.43 566.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 369.03 566.10 Td (thus, ) Tj ET Q q 0 0 0 rg BT 390.86 566.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 421.61 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.27 566.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 453.58 566.10 Td (being ) Tj ET Q q 0 0 0 rg BT 478.46 566.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.57 566.10 Td (related ) Tj ET Q q 0 0 0 rg BT 515.43 566.10 Td (party) Tj ET Q q 0 0 0 rg BT 535.33 566.10 Td (. ) Tj ET Q q 0 0 0 rg BT 539.91 566.10 Td (As ) Tj ET Q q 0 0 0 rg BT 553.69 566.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 96.39 554.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.39 554.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 133.89 554.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.78 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.28 554.10 Td (was ) Tj ET Q q 0 0 0 rg BT 183.33 554.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 226.91 554.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.85 554.10 Td (MMGL, ) Tj ET Q q 0 0 0 rg BT 284.97 554.10 Td (which ) Tj ET Q q 0 0 0 rg BT 311.90 554.10 Td (was ) Tj ET Q q 0 0 0 rg BT 329.96 554.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 349.67 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.95 554.10 Td (full ) Tj ET Q q 0 0 0 rg BT 376.34 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.62 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.33 554.10 Td (first ) Tj ET Q q 0 0 0 rg BT 419.94 554.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 450.76 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.59 554.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 485.74 554.10 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 530.10 Td (Note 18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.99 530.10 Td ( Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.99 509.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 114.31 509.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 154.53 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.64 509.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 207.74 509.10 Td (information ) Tj ET Q q 0 0 0 rg BT 257.40 509.10 Td (about ) Tj ET Q q 0 0 0 rg BT 282.07 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 322.28 509.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 361.94 509.10 Td (define ) Tj ET Q q 0 0 0 rg BT 389.38 509.10 Td (an ) Tj ET Q q 0 0 0 rg BT 401.26 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.47 509.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 477.25 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.02 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.91 509.10 Td (component ) Tj ET Q q 0 0 0 rg BT 541.79 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.57 509.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 92.48 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 110.53 497.10 Td (engages ) Tj ET Q q 0 0 0 rg BT 145.79 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.62 497.10 Td (business ) Tj ET Q q 0 0 0 rg BT 193.56 497.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 232.71 497.10 Td (from ) Tj ET Q q 0 0 0 rg BT 255.21 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.70 497.10 Td (it ) Tj ET Q q 0 0 0 rg BT 291.31 497.10 Td (may ) Tj ET Q q 0 0 0 rg BT 311.58 497.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 331.84 497.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 370.43 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.92 497.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 411.52 497.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 450.67 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.38 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 492.88 497.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 527.02 497.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (information ) Tj ET Q q 0 0 0 rg BT 100.08 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.62 485.10 Td (available ) Tj ET Q q 0 0 0 rg BT 148.58 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.44 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 175.98 485.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 217.16 485.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 256.12 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 268.99 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.07 485.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 306.93 485.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.56 485.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 383.75 485.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 411.61 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.26 485.10 Td (deciding ) Tj ET Q q 0 0 0 rg BT 459.56 485.10 Td (how ) Tj ET Q q 0 0 0 rg BT 479.65 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.30 485.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 524.25 485.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.22 473.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 116.94 473.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 72.30 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.39 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.91 452.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 123.65 452.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 154.27 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.90 452.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 188.86 452.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 213.66 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.18 452.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 275.07 452.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 307.91 452.10 Td (or) Tj ET Q q 0 0 0 rg BT 316.06 452.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 367.23 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.98 452.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 422.94 452.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 460.22 452.10 Td (supported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.97 452.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.95 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.26 452.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.58 440.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 109.26 440.10 Td (segments: ) Tj ET Q q 0 0 0 rg BT 151.40 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.76 440.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 195.12 440.10 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 237.80 440.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 275.51 440.10 Td (\("MRB"\), ) Tj ET Q q 0 0 0 rg BT 317.21 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.09 440.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 353.24 440.10 Td (Parts ) Tj ET Q q 0 0 0 rg BT 375.38 440.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 413.09 440.10 Td (\("APB"\) ) Tj ET Q q 0 0 0 rg BT 449.51 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.09 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.45 440.10 Td (Steel ) Tj ET Q q 0 0 0 rg BT 502.59 440.10 Td (Manufacturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 87.07 428.10 Td (\("SMB"\). ) Tj ET Q q 0 0 0 rg BT 127.02 428.10 Td (In ) Tj ET Q q 0 0 0 rg BT 136.86 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.58 428.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 176.53 428.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 206.35 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.18 428.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 239.35 428.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 263.35 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.64 428.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 319.10 428.10 Td (with ) Tj ET Q q 0 0 0 rg BT 338.39 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 349.34 428.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 368.07 428.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 412.89 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.84 428.10 Td (April ) Tj ET Q q 0 0 0 rg BT 444.46 428.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 468.46 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.18 428.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 522.58 428.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.35 416.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 110.25 416.10 Td (its ) Tj ET Q q 0 0 0 rg BT 122.62 416.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 142.75 416.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 165.10 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.46 416.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 211.48 416.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 251.60 416.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 296.74 416.10 Td (into ) Tj ET Q q 0 0 0 rg BT 315.21 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.56 416.10 Td (single ) Tj ET Q q 0 0 0 rg BT 349.37 416.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 390.05 416.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 429.69 416.10 Td (This ) Tj ET Q q 0 0 0 rg BT 450.38 416.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 484.95 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.65 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.00 416.10 Td (realignment ) Tj ET Q q 0 0 0 rg BT 553.68 416.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (how ) Tj ET Q q 0 0 0 rg BT 70.43 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.86 404.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 111.29 404.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 154.48 404.10 Td (Of) Tj ET Q q 0 0 0 rg BT 164.85 404.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 182.76 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.47 404.10 Td (who ) Tj ET Q q 0 0 0 rg BT 208.91 404.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.79 404.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 265.31 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.74 404.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 328.53 404.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 351.73 404.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 392.70 404.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 429.24 404.10 Td (maker) Tj ET Q q 0 0 0 rg BT 453.82 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.53 404.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 493.84 404.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 547.57 404.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 78.18 392.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 118.03 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.66 392.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 167.16 392.10 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 211.54 392.10 Td (The ) Tj ET Q q 0 0 0 rg BT 229.72 392.10 Td (change ) Tj ET Q q 0 0 0 rg BT 260.66 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.08 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.93 392.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 333.14 392.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 366.31 392.10 Td (or) Tj ET Q q 0 0 0 rg BT 374.46 392.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 425.96 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.04 392.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 482.33 392.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 519.94 392.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 554.23 392.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.32 380.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 105.85 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.28 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.82 380.10 Td (new ) Tj ET Q q 0 0 0 rg BT 141.58 380.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 181.44 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.98 380.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 240.61 380.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 278.54 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.39 380.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 314.49 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.03 380.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 360.34 380.10 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 402.98 380.10 Td (\("AMR"\) ) Tj ET Q q 0 0 0 rg BT 442.69 380.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 481.18 380.10 Td (replacing ) Tj ET Q q 0 0 0 rg BT 520.48 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.80 380.10 Td (former ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.79 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.22 368.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 113.23 368.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 155.32 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 173.43 368.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.87 368.10 Td (began ) Tj ET Q q 0 0 0 rg BT 241.30 368.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 280.52 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.07 368.10 Td (this ) Tj ET Q q 0 0 0 rg BT 310.08 368.10 Td (new ) Tj ET Q q 0 0 0 rg BT 329.30 368.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 365.18 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.52 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.29 368.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 417.29 368.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 448.16 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.05 368.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 483.26 368.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 505.82 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.71 368.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 554.23 368.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.03 356.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 92.50 356.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 121.75 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.78 356.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 157.48 356.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 180.06 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.75 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.00 356.10 Td (year ) Tj ET Q q 0 0 0 rg BT 227.23 356.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 252.69 356.10 Td (August ) Tj ET Q q 0 0 0 rg BT 283.61 356.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 298.14 356.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 322.53 356.10 Td (The ) Tj ET Q q 0 0 0 rg BT 340.10 356.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 375.46 356.10 Td (data ) Tj ET Q q 0 0 0 rg BT 394.15 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.84 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.08 356.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 470.75 356.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 502.22 356.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 542.57 356.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.79 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.03 344.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 112.37 344.10 Td (change ) Tj ET Q q 0 0 0 rg BT 143.70 344.10 Td (has ) Tj ET Q q 0 0 0 rg BT 160.05 344.10 Td (been ) Tj ET Q q 0 0 0 rg BT 181.94 344.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 213.84 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.63 344.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 261.52 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.32 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.55 344.10 Td (current ) Tj ET Q q 0 0 0 rg BT 318.88 344.10 Td (period ) Tj ET Q q 0 0 0 rg BT 347.45 344.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 399.34 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.01 344.10 Td (all ) Tj ET Q q 0 0 0 rg BT 427.03 344.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 466.14 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.82 344.10 Td (AMR. ) Tj ET Q q 0 0 0 rg BT 505.12 344.10 Td (Recasting ) Tj ET Q q 0 0 0 rg BT 547.57 344.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 88.70 332.10 Td (information ) Tj ET Q q 0 0 0 rg BT 137.40 332.10 Td (did ) Tj ET Q q 0 0 0 rg BT 151.66 332.10 Td (not ) Tj ET Q q 0 0 0 rg BT 165.93 332.10 Td (have ) Tj ET Q q 0 0 0 rg BT 186.29 332.10 Td (an ) Tj ET Q q 0 0 0 rg BT 197.22 332.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 225.92 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.40 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.11 332.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 297.17 332.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 349.20 332.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.67 332.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 437.68 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.83 332.10 Td (any ) Tj ET Q q 0 0 0 rg BT 466.75 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.57 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.27 332.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 521.20 332.10 Td (presented. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 311.10 Td (, ) Tj ET Q q 0 0 0 rg BT 105.06 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.94 311.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.49 311.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.82 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.92 311.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 239.46 311.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 270.44 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.88 311.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 301.88 311.10 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 340.91 311.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.01 311.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.88 311.10 Td (either ) Tj ET Q q 0 0 0 rg BT 408.31 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.75 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.62 311.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 462.39 311.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 502.25 311.10 Td (business ) Tj ET Q q 0 0 0 rg BT 538.80 311.10 Td (or ) Tj ET Q q 0 0 0 rg BT 549.79 311.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 88.61 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.44 299.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 151.37 299.10 Td (metal. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 74.36 278.10 Td (buys ) Tj ET Q q 0 0 0 rg BT 94.83 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.84 278.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 150.74 278.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 180.63 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.65 278.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 241.55 278.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 265.33 278.10 Td (for ) Tj ET Q q 0 0 0 rg BT 278.57 278.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 295.69 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.05 278.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 335.50 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.52 278.10 Td (other ) Tj ET Q q 0 0 0 rg BT 373.64 278.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 411.32 278.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 431.22 278.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 472.22 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.13 278.10 Td (their ) Tj ET Q q 0 0 0 rg BT 502.03 278.10 Td (representatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.41 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.16 266.10 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 101.31 266.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 126.07 266.10 Td (also ) Tj ET Q q 0 0 0 rg BT 144.14 266.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 185.54 266.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 215.83 266.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 240.01 266.10 Td (from ) Tj ET Q q 0 0 0 rg BT 261.42 266.10 Td (other ) Tj ET Q q 0 0 0 rg BT 283.94 266.10 Td (processors ) Tj ET Q q 0 0 0 rg BT 328.12 266.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.75 266.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 380.38 266.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 412.89 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.64 266.10 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 447.80 266.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 472.55 266.10 Td (also ) Tj ET Q q 0 0 0 rg BT 490.63 266.10 Td (procures ) Tj ET Q q 0 0 0 rg BT 527.02 266.10 Td (salvaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 85.26 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.20 254.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 122.48 254.10 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 169.95 254.10 Td (used ) Tj ET Q q 0 0 0 rg BT 190.78 254.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 210.50 254.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 232.44 254.10 Td (from ) Tj ET Q q 0 0 0 rg BT 254.38 254.10 Td (these ) Tj ET Q q 0 0 0 rg BT 277.42 254.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 312.69 254.10 Td (through ) Tj ET Q q 0 0 0 rg BT 346.29 254.10 Td (a ) Tj ET Q q 0 0 0 rg BT 353.23 254.10 Td (network ) Tj ET Q q 0 0 0 rg BT 388.50 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.33 254.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 447.92 254.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 467.63 254.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 489.57 254.10 Td (stores.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.11 233.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 108.41 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.83 233.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 135.14 233.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 174.90 233.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.88 233.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 229.96 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.38 233.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 257.81 233.10 Td (range ) Tj ET Q q 0 0 0 rg BT 282.00 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.31 233.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 326.51 233.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 346.82 233.10 Td (products ) Tj ET Q q 0 0 0 rg BT 383.24 233.10 Td (using ) Tj ET Q q 0 0 0 rg BT 406.90 233.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 442.74 233.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 466.94 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.36 233.10 Td (other ) Tj ET Q q 0 0 0 rg BT 505.89 233.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 522.87 233.10 Td (materials.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (Intersegment ) Tj ET Q q 0 0 0 rg BT 104.41 212.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 126.06 212.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.22 212.10 Td (AMR ) Tj ET Q q 0 0 0 rg BT 172.21 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.20 212.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 205.53 212.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.94 212.10 Td (made ) Tj ET Q q 0 0 0 rg BT 243.81 212.10 Td (at ) Tj ET Q q 0 0 0 rg BT 253.23 212.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 274.32 212.10 Td (that ) Tj ET Q q 0 0 0 rg BT 291.52 212.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 343.71 212.10 Td (market ) Tj ET Q q 0 0 0 rg BT 373.68 212.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.77 212.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.64 212.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 456.40 212.10 Td (from ) Tj ET Q q 0 0 0 rg BT 478.05 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.31 212.10 Td (W) Tj ET Q q 0 0 0 rg BT 500.95 212.10 Td (est ) Tj ET Q q 0 0 0 rg BT 514.27 212.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 539.25 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 212.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.79 200.10 Td (These ) Tj ET Q q 0 0 0 rg BT 97.92 200.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 156.14 200.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 178.83 200.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 199.29 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.32 200.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 245.77 200.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 304.00 200.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 333.35 200.10 Td (which ) Tj ET Q q 0 0 0 rg BT 361.03 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 376.49 200.10 Td (not ) Tj ET Q q 0 0 0 rg BT 392.51 200.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 439.62 200.10 Td (until ) Tj ET Q q 0 0 0 rg BT 461.20 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.66 200.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 512.13 200.10 Td (products ) Tj ET Q q 0 0 0 rg BT 549.81 200.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 93.05 188.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 112.22 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.50 188.10 Td (third ) Tj ET Q q 0 0 0 rg BT 143.88 188.10 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 167.10 Td (information ) Tj ET Q q 0 0 0 rg BT 117.13 167.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 154.86 167.10 Td (below ) Tj ET Q q 0 0 0 rg BT 181.48 167.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.33 167.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 226.95 167.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.57 167.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 281.30 167.10 Td (information ) Tj ET Q q 0 0 0 rg BT 330.70 167.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.88 167.10 Td (is ) Tj ET Q q 0 0 0 rg BT 356.73 167.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 394.46 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.42 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.82 167.10 Td (Company) Tj ET Q q 0 0 0 rg BT 460.49 167.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.56 167.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 488.73 167.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 528.68 167.10 Td (decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 77.01 155.10 Td (for ) Tj ET Q q 0 0 0 rg BT 90.69 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.93 155.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 138.61 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.96 155.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 188.74 155.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 244.20 155.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.77 155.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.68 155.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 321.92 155.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 357.27 155.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 397.05 155.10 Td (income ) Tj ET Q q 0 0 0 rg BT 428.51 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.31 155.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 473.64 155.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 508.99 155.10 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.64 143.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.63 143.10 Td (does ) Tj ET Q q 0 0 0 rg BT 129.05 143.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.93 143.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 177.11 143.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 216.96 143.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.49 143.10 Td (income ) Tj ET Q q 0 0 0 rg BT 280.02 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.56 143.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 333.36 143.10 Td (income ) Tj ET Q q 0 0 0 rg BT 364.89 143.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 387.53 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.07 143.10 Td (other ) Tj ET Q q 0 0 0 rg BT 426.71 143.10 Td (income ) Tj ET Q q 0 0 0 rg BT 458.24 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.11 143.10 Td (its ) Tj ET Q q 0 0 0 rg BT 479.66 143.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 522.29 143.10 Td (segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 89.58 131.10 Td (related ) Tj ET Q q 0 0 0 rg BT 118.59 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.18 131.10 Td (shared ) Tj ET Q q 0 0 0 rg BT 156.09 131.10 Td (services ) Tj ET Q q 0 0 0 rg BT 190.11 131.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.91 131.10 Td (support ) Tj ET Q q 0 0 0 rg BT 238.72 131.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 285.51 131.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 323.42 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.67 131.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 389.25 131.10 Td (is ) Tj ET Q q 0 0 0 rg BT 397.73 131.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 435.63 131.10 Td (from ) Tj ET Q q 0 0 0 rg BT 456.88 131.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 498.67 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.26 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.29 131.10 Td (segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (Unallocated ) Tj ET Q q 0 0 0 rg BT 100.16 119.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 142.00 119.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 176.05 119.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 209.57 119.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 248.63 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.81 119.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 292.87 119.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.38 119.10 Td (management ) Tj ET Q q 0 0 0 rg BT 359.32 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.61 119.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.66 119.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 463.71 119.10 Td (services ) Tj ET Q q 0 0 0 rg BT 497.77 119.10 Td (that ) Tj ET Q q 0 0 0 rg BT 514.62 119.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 544.23 119.10 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (reportable ) Tj ET Q q 0 0 0 rg BT 94.08 107.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 137.35 107.10 Td (In ) Tj ET Q q 0 0 0 rg BT 149.23 107.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 188.05 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.82 107.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.25 107.10 Td (does ) Tj ET Q q 0 0 0 rg BT 268.13 107.10 Td (not ) Tj ET Q q 0 0 0 rg BT 284.46 107.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 319.10 107.10 Td (restructuring ) Tj ET Q q 0 0 0 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(measurement ) Tj ET Q q 0 0 0 rg BT 459.94 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.88 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.71 95.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 538.85 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 95.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 91.69 83.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 135.04 83.10 Td (The ) Tj ET Q q 0 0 0 rg BT 154.51 83.10 Td (results ) Tj ET Q q 0 0 0 rg BT 184.54 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.79 83.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 251.82 83.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 297.40 83.10 Td (are ) Tj ET Q q 0 0 0 rg BT 313.53 83.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 353.54 83.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.90 83.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 414.15 83.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.84 83.10 Td (income ) Tj ET Q q 0 0 0 rg BT 489.19 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.55 83.10 Td (are ) Tj ET Q q 0 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Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (93) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 681.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 681.27 Td (1,510,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 681.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 681.27 Td (1,492,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 667.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 666.27 Td (373,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 666.27 Td (370,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 652.17 Td (Total segment assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 651.27 Td (1,883,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 651.27 Td (1,863,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 637.17 Td (Corporate and eliminations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 179.86 641.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 636.32 Td (\(992,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 636.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 636.32 Td (\(901,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.65 636.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 622.17 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 621.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 621.27 Td (891,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 621.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 621.27 Td (962,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.17 Td (Property) Tj ET Q q 0 0 0 rg BT 86.79 607.17 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 190.65 611.70 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 606.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 606.27 Td (392,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 606.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 606.27 Td (427,554) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 577.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 577.50 Td (AMR ) Tj ET Q q 0 0 0 rg BT 88.23 577.50 Td (total ) Tj ET Q q 0 0 0 rg BT 104.45 577.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 125.11 577.50 Td (include ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 150.66 577.50 Td ($14 ) Tj ET Q q 0 0 0 rg BT 164.66 577.50 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.77 577.50 Td ( ) Tj ET Q q 0 0 0 rg BT 189.77 577.50 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.32 577.50 Td ($15 ) Tj ET Q q 0 0 0 rg BT 217.32 577.50 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.43 577.50 Td ( ) Tj ET Q q 0 0 0 rg BT 242.43 577.50 Td (as ) Tj ET Q q 0 0 0 rg BT 251.10 577.50 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.32 577.50 Td (August ) Tj ET Q q 0 0 0 rg BT 284.43 577.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 296.43 577.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 314.43 577.50 Td (and ) Tj ET Q q 0 0 0 rg BT 327.98 577.50 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.98 577.50 Td ( ) Tj ET Q q 0 0 0 rg BT 345.98 577.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 384.11 577.50 Td (, ) Tj ET Q q 0 0 0 rg BT 388.11 577.50 Td (for ) Tj ET Q q 0 0 0 rg BT 399.44 577.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 439.66 577.50 Td (in ) Tj ET Q q 0 0 0 rg BT 447.88 577.50 Td (joint ) Tj ET Q q 0 0 0 rg BT 464.55 577.50 Td (ventures.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 567.90 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 567.90 Td (The ) Tj ET Q q 0 0 0 rg BT 82.37 567.90 Td (substantial ) Tj ET Q q 0 0 0 rg BT 118.52 567.90 Td (majority ) Tj ET Q q 0 0 0 rg BT 147.55 567.90 Td (of ) Tj ET Q q 0 0 0 rg BT 156.15 567.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 190.07 567.90 Td (and ) Tj ET Q q 0 0 0 rg BT 203.55 567.90 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 245.03 567.90 Td (total ) Tj ET Q q 0 0 0 rg BT 261.18 567.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 281.77 567.90 Td (is ) Tj ET Q q 0 0 0 rg BT 289.04 567.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 324.30 567.90 Td (of ) Tj ET Q q 0 0 0 rg BT 332.89 567.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 366.81 567.90 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 412.72 567.90 Td (payables ) Tj ET Q q 0 0 0 rg BT 442.64 567.90 Td (to ) Tj ET Q q 0 0 0 rg BT 450.80 567.90 Td (the ) Tj ET Q q 0 0 0 rg BT 462.50 567.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 500.10 567.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 532.24 567.90 Td (segments ) Tj ET Q q 0 0 0 rg BT 564.01 567.90 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 558.30 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 558.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 127.54 558.30 Td (eliminations. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 548.70 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 548.70 Td (Property) Tj ET Q q 0 0 0 rg BT 95.03 548.70 Td (, ) Tj ET Q q 0 0 0 rg BT 99.03 548.70 Td (plant ) Tj ET Q q 0 0 0 rg BT 117.03 548.70 Td (and ) Tj ET Q q 0 0 0 rg BT 130.58 548.70 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 168.35 548.70 Td (net ) Tj ET Q q 0 0 0 rg BT 180.12 548.70 Td (includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.78 548.70 Td ($19 ) Tj ET Q q 0 0 0 rg BT 222.78 548.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.89 548.70 Td ( ) Tj ET Q q 0 0 0 rg BT 247.89 548.70 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.45 548.70 Td ($29 ) Tj ET Q q 0 0 0 rg BT 275.45 548.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.56 548.70 Td ( ) Tj ET Q q 0 0 0 rg BT 300.56 548.70 Td (as ) Tj ET Q q 0 0 0 rg BT 309.22 548.70 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.45 548.70 Td (August ) Tj ET Q q 0 0 0 rg BT 342.56 548.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.56 548.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 372.56 548.70 Td (and ) Tj ET Q q 0 0 0 rg BT 386.11 548.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.11 548.70 Td (, ) Tj ET Q q 0 0 0 rg BT 406.11 548.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 444.24 548.70 Td (, ) Tj ET Q q 0 0 0 rg BT 448.24 548.70 Td (at ) Tj ET Q q 0 0 0 rg BT 456.01 548.70 Td (our ) Tj ET Q q 0 0 0 rg BT 468.68 548.70 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 500.89 548.70 Td (locations.) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (94) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. 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0.9333333333333333 1 rg /GS0 gs 492.50 324.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 294.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 294.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 294.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 294.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 264.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 264.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 264.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 264.60 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 344.5 694.6 m 414.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 694.6 m 488.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 649.6 m 414.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 649.6 m 488.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 649.6 m 562.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 634.6 m 414.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 649.6 m 488.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 634.6 m 488.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 649.6 m 562.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 634.6 m 562.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 604.6 m 414.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 604.6 m 488.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 604.6 m 562.5 604.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 589.6 m 414.5 589.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 589.6 m 488.5 589.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 589.6 m 562.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 544.6 m 414.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 544.6 m 488.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 544.6 m 562.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 514.6 m 414.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 514.6 m 488.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 514.6 m 562.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 499.6 m 414.5 499.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 499.6 m 488.5 499.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 499.6 m 562.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 454.6 m 414.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 454.6 m 488.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 454.6 m 562.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 424.6 m 414.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 424.6 m 488.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 424.6 m 562.5 424.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 409.6 m 414.5 409.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 409.6 m 488.5 409.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 409.6 m 562.5 409.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 409.6 m 414.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 354.6 m 414.5 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 354.6 m 488.5 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 354.6 m 562.5 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 309.6 m 414.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 309.6 m 488.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 309.6 m 562.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 264.6 m 414.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 264.6 m 488.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 264.6 m 562.5 264.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 249.60000000000002 m 414.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 249.60000000000002 m 488.5 249.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 249.60000000000002 m 562.5 249.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 699.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 699.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 699.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.17 Td (Auto and Metals Recycling:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 670.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 669.27 Td (1,173,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 669.27 Td (1,716,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 669.27 Td (2,334,389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 655.17 Td (Less: Intersegment revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 654.32 Td (\(90,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 654.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 654.32 Td (\(175,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 654.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 654.32 Td (\(188,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 654.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 640.17 Td (AMR external customer revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 639.27 Td (1,082,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 639.27 Td (1,540,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 639.27 Td (2,146,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 624.27 Td (Steel Manufacturing Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 610.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 609.27 Td (269,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 609.27 Td (375,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 609.27 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 595.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 594.27 Td (1,352,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 594.27 Td (1,915,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 594.27 Td (2,534,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.17 Td (Depreciation and amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 565.17 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 564.27 Td (44,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 564.27 Td (56,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 564.27 Td (66,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 550.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 549.27 Td (7,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 549.27 Td (7,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 549.27 Td (8,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 535.17 Td (Segment depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 534.27 Td (52,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 534.27 Td (64,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 534.27 Td (75,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 520.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 519.27 Td (2,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 519.27 Td (2,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 519.27 Td (2,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 505.17 Td (Total depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 504.27 Td (54,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 504.27 Td (67,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 504.27 Td (77,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.17 Td (Capital expenditures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 475.17 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 474.27 Td (27,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 474.27 Td (22,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 474.27 Td (29,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 460.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 459.27 Td (5,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 459.27 Td (6,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 459.27 Td (5,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 445.17 Td (Segment capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 444.27 Td (33,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 444.27 Td (29,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 444.27 Td (34,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 430.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 429.27 Td (904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 429.27 Td (2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 429.27 Td (4,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 415.17 Td (Total capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 414.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 414.27 Td (34,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 414.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 414.27 Td (32,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 414.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 414.27 Td (39,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 400.17 Td (Reconciliation of the Companys segment operating income \(loss\) to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 390.17 Td (income \(loss\) from continuing operations before income taxes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.27 Td (Auto and Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 162.70 378.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 374.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 374.27 Td (22,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 374.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 374.32 Td (\(164,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 374.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 374.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 374.27 Td (55,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 172.98 364.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 359.27 Td (3,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 359.27 Td (20,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 359.27 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 345.17 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 344.27 Td (26,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 344.32 Td (\(143,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 344.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 344.27 Td (73,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 330.17 Td (Restructuring charges and other exit-related activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 329.32 Td (\(6,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 329.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 329.32 Td (\(13,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 329.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 329.32 Td (\(6,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 329.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 315.17 Td (Corporate and eliminations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 314.32 Td (\(27,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 314.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 314.32 Td (\(38,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 314.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 314.32 Td (\(42,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 314.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 300.17 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 299.32 Td (\(7,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 299.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 299.32 Td (\(195,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 299.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 299.27 Td (24,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 285.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 284.32 Td (\(8,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 284.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 284.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 284.32 Td (\(9,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 284.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 284.32 Td (\(10,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 284.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.17 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 269.27 Td (1,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 269.27 Td (4,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 269.27 Td (1,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 255.17 Td (Income \(loss\) from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 254.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 254.32 Td (\(15,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 254.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 254.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 254.32 Td (\(200,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 254.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 254.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 254.27 Td (14,982) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 240.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 230.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 230.90 Td (AMR ) Tj ET Q q 0 0 0 rg BT 88.58 230.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 121.15 230.90 Td (income ) Tj ET Q q 0 0 0 rg BT 147.05 230.90 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 167.18 230.90 Td (includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.20 230.90 Td ($1 ) Tj ET Q q 0 0 0 rg BT 206.55 230.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.67 230.90 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.02 230.90 Td ($2 ) Tj ET Q q 0 0 0 rg BT 244.38 230.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.49 230.90 Td ( ) Tj ET Q q 0 0 0 rg BT 269.85 230.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.75 230.90 Td ($1 ) Tj ET Q q 0 0 0 rg BT 294.11 230.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.22 230.90 Td ( ) Tj ET Q q 0 0 0 rg BT 319.58 230.90 Td (in ) Tj ET Q q 0 0 0 rg BT 328.16 230.90 Td (income ) Tj ET Q q 0 0 0 rg BT 354.06 230.90 Td (from ) Tj ET Q q 0 0 0 rg BT 371.96 230.90 Td (joint ) Tj ET Q q 0 0 0 rg BT 388.99 230.90 Td (ventures ) Tj ET Q q 0 0 0 rg BT 418.45 230.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 453.23 230.90 Td (for ) Tj ET Q q 0 0 0 rg BT 464.91 230.90 Td (by ) Tj ET Q q 0 0 0 rg BT 475.27 230.90 Td (the ) Tj ET Q q 0 0 0 rg BT 487.39 230.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 509.75 230.90 Td (method ) Tj ET Q q 0 0 0 rg BT 536.10 230.90 Td (in ) Tj ET Q q 0 0 0 rg BT 544.68 230.90 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 221.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 221.30 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 87.91 221.30 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 103.91 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 105.83 221.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.29 221.30 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.29 221.30 Td (, ) Tj ET Q q 0 0 0 rg BT 139.20 221.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.33 221.30 Td (. ) Tj ET Q q 0 0 0 rg BT 181.11 221.30 Td (The ) Tj ET Q q 0 0 0 rg BT 195.04 221.30 Td (AMR ) Tj ET Q q 0 0 0 rg BT 215.17 221.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.30 221.30 Td (income ) Tj ET Q q 0 0 0 rg BT 272.76 221.30 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 292.45 221.30 Td (for ) Tj ET Q q 0 0 0 rg BT 303.69 221.30 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.93 221.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.93 221.30 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.84 221.30 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.84 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 360.75 221.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.22 221.30 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.22 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 392.13 221.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 420.70 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 426.17 221.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 456.53 221.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 495.32 221.30 Td (char) Tj ET Q q 0 0 0 rg BT 508.94 221.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 518.40 221.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.98 221.30 Td ($9 ) Tj ET Q q 0 0 0 rg BT 536.89 221.30 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 560.01 221.30 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 211.70 Td ($141 ) Tj ET Q q 0 0 0 rg BT 86.00 211.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 109.11 211.70 Td ( ) Tj ET Q q 0 0 0 rg BT 111.11 211.70 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 124.66 211.70 Td (zero) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.43 211.70 Td ( ) Tj ET Q q 0 0 0 rg BT 140.43 211.70 Td (, ) Tj ET Q q 0 0 0 rg BT 144.43 211.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 182.56 211.70 Td (, ) Tj ET Q q 0 0 0 rg BT 186.56 211.70 Td (and ) Tj ET Q q 0 0 0 rg BT 200.11 211.70 Td (other ) Tj ET Q q 0 0 0 rg BT 218.55 211.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 236.10 211.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 274.98 211.70 Td (char) Tj ET Q q 0 0 0 rg BT 288.60 211.70 Td (ges ) Tj ET Q q 0 0 0 rg BT 301.26 211.70 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.93 211.70 Td ($18 ) Tj ET Q q 0 0 0 rg BT 323.93 211.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.04 211.70 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.04 211.70 Td ($44 ) Tj ET Q q 0 0 0 rg BT 365.04 211.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.15 211.70 Td ( ) Tj ET Q q 0 0 0 rg BT 390.15 211.70 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.70 211.70 Td ($1 ) Tj ET Q q 0 0 0 rg BT 413.70 211.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.82 211.70 Td (, ) Tj ET Q q 0 0 0 rg BT 440.82 211.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 478.95 211.70 Td (. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 202.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 86.90 202.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 119.11 202.10 Td (income ) Tj ET Q q 0 0 0 rg BT 144.66 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.98 202.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 175.31 202.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 193.31 202.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 221.97 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 240.41 202.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 257.96 202.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 296.84 202.10 Td (char) Tj ET Q q 0 0 0 rg BT 310.46 202.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 323.12 202.10 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.79 202.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 341.79 202.10 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.90 202.10 Td (.) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (95) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.46 731.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 147.51 731.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.46 731.10 Td (external ) Tj ET Q q 0 0 0 rg BT 204.17 731.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 247.23 731.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.95 731.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 302.78 731.10 Td (based ) Tj ET Q q 0 0 0 rg BT 328.06 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.57 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.30 731.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 377.25 731.10 Td (destination ) Tj ET Q q 0 0 0 rg BT 423.65 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.60 731.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.11 731.10 Td (major ) Tj ET Q q 0 0 0 rg BT 478.95 731.10 Td (product ) Tj ET Q q 0 0 0 rg BT 512.00 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.18 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.91 731.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.83 719.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 119.72 719.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 133.33 719.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 694.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 694.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 694.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 694.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 694.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 694.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 664.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 664.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 664.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 664.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 634.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 634.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 634.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 634.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 634.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 604.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 604.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 604.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 574.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 574.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 574.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 544.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 544.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 544.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 544.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 544.60 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 344.5 694.6 m 414.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 694.6 m 488.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 694.6 m 414.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 649.6 m 414.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 649.6 m 488.5 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 649.6 m 562.5 649.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 634.6 m 414.5 634.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 634.6 m 488.5 634.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 634.6 m 562.5 634.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 529.6 m 414.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 529.6 m 488.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 529.6 m 562.5 529.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 514.6 m 414.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 514.6 m 488.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 514.6 m 562.5 514.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 699.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 699.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 699.28 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.17 Td (Revenues based on sales destination:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 670.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 669.27 Td (683,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 669.27 Td (984,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 669.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 669.27 Td (1,472,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 655.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 654.27 Td (668,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 654.27 Td (930,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 654.27 Td (1,062,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.17 Td (Total revenues from external customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 639.27 Td (1,352,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 639.27 Td (1,915,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 639.27 Td (2,534,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.17 Td (Major product information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 595.17 Td (Ferrous scrap metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 594.27 Td (619,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 594.27 Td (922,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 594.27 Td (1,440,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 580.17 Td (Nonferrous scrap metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 579.27 Td (340,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 579.27 Td (488,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 579.27 Td (556,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 565.17 Td (Retail and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 564.27 Td (123,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 564.27 Td (130,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 564.27 Td (149,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 550.17 Td (Finished steel products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 549.27 Td (269,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 549.27 Td (363,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 549.27 Td (377,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 535.17 Td (Semi-finished steel products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 534.27 Td (550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 534.27 Td (11,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 534.27 Td (10,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.17 Td (Total revenues from external customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 519.27 Td (1,352,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 519.27 Td (1,915,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 519.27 Td (2,534,926) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.36 491.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.04 491.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 108.56 491.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 130.59 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.05 491.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.05 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.58 491.10 Td (there ) Tj ET Q q 0 0 0 rg BT 193.59 491.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.04 491.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.04 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.07 491.10 Td (external ) Tj ET Q q 0 0 0 rg BT 261.29 491.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 303.87 491.10 Td (that ) Tj ET Q q 0 0 0 rg BT 320.89 491.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 363.44 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 377.13 491.10 Td (more ) Tj ET Q q 0 0 0 rg BT 399.70 491.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.94 491.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.27 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.30 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.66 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.90 491.10 Td (Company) Tj ET Q q 0 0 0 rg BT 505.56 491.10 Td (s ) Tj ET Q q 0 0 0 rg BT 511.48 491.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 90.39 479.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 113.85 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.98 479.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 166.88 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.00 479.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 208.23 479.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 247.24 479.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.80 479.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.59 479.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 313.15 479.10 Td (part ) Tj ET Q q 0 0 0 rg BT 331.05 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.73 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.30 479.10 Td (Company) Tj ET Q q 0 0 0 rg BT 397.96 479.10 Td (s ) Tj ET Q q 0 0 0 rg BT 404.20 479.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 442.78 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 460.67 479.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 498.01 479.10 Td (below ) Tj ET Q q 0 0 0 rg BT 524.80 479.10 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.33 467.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 104.42 467.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 143.30 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.30 467.10 Td (which ) Tj ET Q q 0 0 0 rg BT 179.95 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.39 467.10 Td (Company) Tj ET Q q 0 0 0 rg BT 236.05 467.10 Td (s ) Tj ET Q q 0 0 0 rg BT 242.17 467.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 263.82 467.10 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.23 467.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.56 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.78 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.33 467.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 387.09 467.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 424.85 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.85 467.10 Td (any ) Tj ET Q q 0 0 0 rg BT 451.51 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.06 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.49 467.10 Td (last ) Tj ET Q q 0 0 0 rg BT 492.60 467.10 Td (three ) Tj ET Q q 0 0 0 rg BT 514.80 467.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.12 467.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 93.89 455.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 107.50 455.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 420.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 420.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 420.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 420.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 420.60 60.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 390.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 390.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 390.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 390.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 390.60 60.00 -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 182.5 420.6 m 242.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 420.6 m 306.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 420.6 m 370.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 420.6 m 434.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 420.6 m 498.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 420.6 m 562.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 420.6 m 242.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 420.6 m 306.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 420.6 m 562.5 420.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.00 425.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.55 435.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.65 425.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 425.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.55 435.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.65 425.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 425.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.55 435.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 425.28 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.17 Td (China) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 410.27 Td (150,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 410.27 Td (11.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 410.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 410.27 Td (240,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 410.27 Td (12.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 410.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 410.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 410.27 Td (390,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 410.27 Td (15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 410.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.17 Td (Turkey) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 395.27 Td (163,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 395.27 Td (12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 395.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 395.27 Td (225,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 395.27 Td (11.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 395.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 395.27 Td (261,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 395.27 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 395.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 381.17 Td (South Korea) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 103.27 385.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.30 380.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.30 380.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.30 380.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 380.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 380.27 Td (265,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 380.27 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 380.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 366.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 356.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 356.90 Td (N/A) Tj ET Q q 0 0 0 rg BT 81.34 356.90 Td ( ) Tj ET Q q 0 0 0 rg BT 83.34 356.90 Td (- ) Tj ET Q q 0 0 0 rg BT 88.00 356.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 105.55 356.90 Td (were ) Tj ET Q q 0 0 0 rg BT 123.09 356.90 Td (less ) Tj ET Q q 0 0 0 rg BT 137.09 356.90 Td (than ) Tj ET Q q 0 0 0 rg BT 152.87 356.90 Td (the ) Tj ET Q q 0 0 0 rg BT 164.64 356.90 Td (10% ) Tj ET Q q 0 0 0 rg BT 181.30 356.90 Td (threshold.) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (96) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.75 742.25 Td (Quarterly Financial Data \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.60 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.08 725.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 107.91 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.51 725.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 174.36 725.25 Td (this ) Tj ET Q q 0 0 0 rg BT 191.08 725.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 232.78 725.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 271.14 725.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.39 725.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 347.88 725.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 383.47 725.25 Td (all ) Tj ET Q q 0 0 0 rg BT 395.73 725.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 445.77 725.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 486.91 725.25 Td (for ) Tj ET Q q 0 0 0 rg BT 500.84 725.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.54 725.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 523.69 725.25 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 713.25 Td (results ) Tj ET Q q 0 0 0 rg BT 104.16 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 118.32 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.03 713.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 164.97 713.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 213.55 713.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 227.16 713.25 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 272.16 713.25 Td (except ) Tj ET Q q 0 0 0 rg BT 300.76 713.25 Td (per ) Tj ET Q q 0 0 0 rg BT 316.03 713.25 Td (share ) Tj ET Q q 0 0 0 rg BT 339.62 713.25 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 518.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 518.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 518.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 518.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 488.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 488.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 488.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 488.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 488.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 488.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 488.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 458.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 458.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 458.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 458.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 458.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 458.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 458.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 428.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 428.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 428.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 428.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 428.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 428.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 428.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 428.75 60.00 -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 310.5 679.75 m 370.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 679.75 m 374.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 679.75 m 434.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 679.75 m 438.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 679.75 m 498.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 679.75 m 502.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 679.75 m 562.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 665.75 m 370.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 665.75 m 434.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 665.75 m 498.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 665.75 m 562.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 665.75 m 370.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 665.75 m 434.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 665.75 m 498.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 665.75 m 562.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 532.75 m 370.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 532.75 m 374.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 532.75 m 434.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 532.75 m 438.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 532.75 m 498.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 532.75 m 502.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 532.75 m 562.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 518.75 m 370.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 518.75 m 434.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 518.75 m 498.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 518.75 m 562.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 518.75 m 370.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 518.75 m 434.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 518.75 m 498.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 518.75 m 562.5 518.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 684.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.25 684.43 Td (Fiscal 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 670.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.70 670.43 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.70 670.43 Td (Second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.45 670.43 Td (Third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 670.43 Td (Fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.32 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 655.42 Td (321,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 655.42 Td (289,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 655.42 Td (351,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 655.42 Td (390,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.32 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 640.42 Td (284,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 640.42 Td (259,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 640.42 Td (294,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 640.42 Td (336,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 625.47 Td (\(4,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 625.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 625.47 Td (\(37,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 625.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 625.42 Td (14,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 625.42 Td (18,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.32 Td (Loss from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.30 610.47 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 610.47 Td (\(1,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 610.47 Td (\(116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 610.47 Td (\(143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.32 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 595.47 Td (\(5,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 595.47 Td (\(41,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 595.42 Td (11,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 595.42 Td (16,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.32 Td (Basic net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 580.47 Td (\(0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 580.47 Td (\(1.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 580.42 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 580.42 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.32 Td (Diluted net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 565.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 565.47 Td (\(0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 565.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 565.47 Td (\(1.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 565.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 565.42 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 565.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 565.42 Td (0.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 537.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.25 537.43 Td (Fiscal 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 523.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.70 523.43 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.70 523.43 Td (Second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.45 523.43 Td (Third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 523.43 Td (Fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.32 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 508.42 Td (553,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 508.42 Td (437,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 508.42 Td (467,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 508.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 508.42 Td (457,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.32 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 493.42 Td (508,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 493.42 Td (406,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 493.42 Td (424,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 493.42 Td (403,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.32 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 478.42 Td (785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 478.47 Td (\(201,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 478.47 Td (\(4,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 478.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 478.42 Td (8,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.32 Td (Loss from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 463.47 Td (\(838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 463.47 Td (\(4,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 463.47 Td (\(1,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 463.47 Td (\(913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.32 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 448.47 Td (\(2,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 448.47 Td (\(195,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 448.47 Td (\(9,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 448.42 Td (10,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 434.32 Td (Basic net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 433.47 Td (\(0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 433.47 Td (\(7.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 433.47 Td (\(0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 433.42 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 419.32 Td (Diluted net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 418.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 418.47 Td (\(0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 418.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 418.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 418.47 Td (\(7.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 418.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 418.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 418.47 Td (\(0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 418.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 418.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 418.42 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.24 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.36 390.25 Td (second ) Tj ET Q q 0 0 0 rg BT 104.04 390.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 134.26 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.49 390.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 168.06 390.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 192.46 390.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 232.13 390.25 Td (results ) Tj ET Q q 0 0 0 rg BT 260.15 390.25 Td (included ) Tj ET Q q 0 0 0 rg BT 296.49 390.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.83 390.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 340.30 390.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 388.30 390.25 Td (char) Tj ET Q q 0 0 0 rg BT 405.33 390.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 416.67 390.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.91 390.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 438.82 390.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.71 390.25 Td (, ) Tj ET Q q 0 0 0 rg BT 472.12 390.25 Td (other ) Tj ET Q q 0 0 0 rg BT 494.57 390.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.92 390.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 378.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 82.43 378.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.83 378.25 Td ($18 ) Tj ET Q q 0 0 0 rg BT 109.90 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.79 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 140.87 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.38 378.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 210.54 378.25 Td (char) Tj ET Q q 0 0 0 rg BT 227.57 378.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 242.97 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.48 378.25 Td (other ) Tj ET Q q 0 0 0 rg BT 282.10 378.25 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 329.70 378.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 367.87 378.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.27 378.25 Td ($5 ) Tj ET Q q 0 0 0 rg BT 390.34 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.23 378.25 Td (. ) Tj ET Q q 0 0 0 rg BT 423.80 378.25 Td (In ) Tj ET Q q 0 0 0 rg BT 434.21 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.50 378.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 475.01 378.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 505.39 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.79 378.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.52 378.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 366.25 Td (results ) Tj ET Q q 0 0 0 rg BT 118.87 366.25 Td (included ) Tj ET Q q 0 0 0 rg BT 155.81 366.25 Td (other ) Tj ET Q q 0 0 0 rg BT 178.85 366.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 200.79 366.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 249.39 366.25 Td (char) Tj ET Q q 0 0 0 rg BT 266.42 366.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 282.25 366.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.08 366.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 305.58 366.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.47 366.25 Td ( ) Tj ET Q q 0 0 0 rg BT 336.97 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.91 366.25 Td (an ) Tj ET Q q 0 0 0 rg BT 365.84 366.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 406.66 366.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 469.14 366.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 488.86 366.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.69 366.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 512.19 366.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.08 366.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.95 345.25 Td (income ) Tj ET Q q 0 0 0 rg BT 98.89 345.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 146.94 345.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.23 345.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 174.19 345.25 Td (for ) Tj ET Q q 0 0 0 rg BT 188.36 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.09 345.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 230.03 345.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 260.86 345.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.70 345.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 295.86 345.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 318.37 345.25 Td (included ) Tj ET Q q 0 0 0 rg BT 355.32 345.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.27 345.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 392.54 345.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.38 345.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 415.89 345.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.78 345.25 Td (, ) Tj ET Q q 0 0 0 rg BT 449.79 345.25 Td (net ) Tj ET Q q 0 0 0 rg BT 464.52 345.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.36 345.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 515.08 345.25 Td (allowances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.06 333.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.70 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.78 333.25 Td (realization ) Tj ET Q q 0 0 0 rg BT 146.83 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.02 333.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 187.76 333.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 233.50 333.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 255.36 333.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.88 333.25 Td (income ) Tj ET Q q 0 0 0 rg BT 300.17 333.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.25 333.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 354.16 333.25 Td (In ) Tj ET Q q 0 0 0 rg BT 364.35 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.42 333.25 Td (second ) Tj ET Q q 0 0 0 rg BT 408.05 333.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 438.23 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.42 333.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 471.93 333.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 496.29 333.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.91 333.25 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.83 321.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.67 321.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 131.62 321.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 180.11 321.25 Td (char) Tj ET Q q 0 0 0 rg BT 197.14 321.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 208.97 321.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.70 321.25 Td ($141 ) Tj ET Q q 0 0 0 rg BT 242.10 321.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.99 321.25 Td (, ) Tj ET Q q 0 0 0 rg BT 275.89 321.25 Td (other ) Tj ET Q q 0 0 0 rg BT 298.83 321.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 320.66 321.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 369.16 321.25 Td (char) Tj ET Q q 0 0 0 rg BT 386.19 321.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 401.91 321.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.64 321.25 Td ($44 ) Tj ET Q q 0 0 0 rg BT 430.04 321.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.93 321.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.32 321.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.16 321.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 531.65 321.25 Td (char) Tj ET Q q 0 0 0 rg BT 548.67 321.25 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 309.25 Td (other ) Tj ET Q q 0 0 0 rg BT 89.99 309.25 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 138.01 309.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 176.61 309.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.44 309.25 Td ($5 ) Tj ET Q q 0 0 0 rg BT 199.94 309.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.83 309.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.91 288.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 86.81 288.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.81 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.28 288.25 Td (- ) Tj ET Q q 0 0 0 rg BT 98.08 288.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 138.43 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.23 288.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 193.25 288.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 241.38 288.25 Td (Policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.01 288.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 297.91 288.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.91 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.38 288.25 Td (- ) Tj ET Q q 0 0 0 rg BT 309.18 288.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 348.42 288.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.33 288.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 388.57 288.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 430.25 288.25 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 460.33 288.25 Td (net, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.52 288.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 497.42 288.25 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.42 288.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.89 288.25 Td (- ) Tj ET Q q 0 0 0 rg BT 508.69 288.25 Td (Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.25 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 98.88 276.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.82 276.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 137.75 276.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 276.25 Td ( ) Tj ET Q q 0 0 0 rg BT 145.25 276.25 Td (- ) Tj ET Q q 0 0 0 rg BT 151.08 276.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 210.25 276.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.19 276.25 Td (Contingencies.) Tj ET Q endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (97) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 742.10 Td (Schedule II ) Tj ET Q q 0 0 0 rg BT 263.38 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 269.50 742.10 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 366.42 742.10 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.05 725.10 Td (For the ) Tj ET Q q 0 0 0 rg BT 229.79 725.10 Td (Y) Tj ET Q q 0 0 0 rg BT 236.01 725.10 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 282.10 725.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.49 725.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.49 725.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.49 725.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.49 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.93 725.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.25 713.10 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 522.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 522.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 492.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 492.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 492.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 492.60 60.00 -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 50.5 676.6 m 291.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 676.6 m 355.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 676.6 m 434.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 676.6 m 498.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 676.6 m 562.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 642.6 m 291.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 642.6 m 355.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 642.6 m 434.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 642.6 m 498.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 642.6 m 562.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 642.6 m 291.5 642.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.95 681.28 Td (Column A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.15 681.28 Td (ColumnB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.40 681.28 Td (ColumnC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.90 681.28 Td (Column D) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.15 681.28 Td (ColumnE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.75 647.28 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.60 667.28 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.85 657.28 Td (beginning) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.65 647.28 Td (of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.70 657.28 Td (Chargestocost) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.55 647.28 Td (and expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.10 647.28 Td (Deductions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 667.28 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.80 657.28 Td (end of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.10 647.28 Td (period) 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 53 631.8333984375 m 99.38671875 631.8333984375 l s q 0 0 0 rg BT 53.00 633.17 Td (Fiscal 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.17 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 617.27 Td (2,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 617.27 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 617.32 Td (\(312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 617.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 617.27 Td (2,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.17 Td (Deferred tax valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 602.27 Td (78,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 602.27 Td (8,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 602.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 602.27 Td (86,917) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 586.8333984375 m 99.38671875 586.8333984375 l s q 0 0 0 rg BT 53.00 588.17 Td (Fiscal 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.17 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 572.27 Td (2,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 572.32 Td (\(280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 572.27 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 572.27 Td (2,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (Allowance for notes and other contractual receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 557.27 Td (7,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 557.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 557.32 Td (\(7,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 557.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.17 Td (Deferred tax valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 542.27 Td (30,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 542.27 Td (48,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 542.27 Td (78,304) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 526.8333984375 m 99.38671875 526.8333984375 l s q 0 0 0 rg BT 53.00 528.17 Td (Fiscal 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.17 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 512.27 Td (2,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 512.27 Td (650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 512.32 Td (\(920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 512.27 Td (2,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.17 Td (Allowance for notes and other contractual receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 497.27 Td (7,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 497.32 Td (\(201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 497.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 497.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 497.27 Td (7,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.17 Td (Deferred tax valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 482.27 Td (29,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 482.27 Td (2,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 482.32 Td (\(2,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 482.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 482.27 Td (30,265) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (98) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM9. CHANGES IN ) Tj ET Q q 0 0 0 rg BT 154.18 742.25 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 268.47 742.25 Td (WITH ) Tj ET Q q 0 0 0 rg BT 298.75 742.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 348.57 742.25 Td (ANTS ON ) Tj ET Q q 0 0 0 rg BT 394.69 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 466.09 742.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 546.37 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (ITEM9A. CONTROLS ) Tj ET Q q 0 0 0 rg BT 154.46 689.25 Td (AND PROCEDURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 89.82 668.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 122.13 668.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 165.29 668.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 194.55 668.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.39 650.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.11 650.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 151.83 650.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 195.22 650.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 230.28 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.55 650.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 294.26 650.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 308.76 650.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 341.58 650.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.20 650.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 377.82 650.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 419.53 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.80 650.25 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 479.07 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.24 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 650.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 547.57 650.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.58 638.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 108.79 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.88 638.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 145.15 638.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.25 638.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 195.11 638.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 213.43 638.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 259.44 638.25 Td (Act\)\) ) Tj ET Q q 0 0 0 rg BT 287.75 638.25 Td (that ) Tj ET Q q 0 0 0 rg BT 305.51 638.25 Td (are ) Tj ET Q q 0 0 0 rg BT 320.49 638.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 358.80 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.35 638.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 398.21 638.25 Td (that ) Tj ET Q q 0 0 0 rg BT 415.98 638.25 Td (information ) Tj ET Q q 0 0 0 rg BT 465.96 638.25 Td (required ) Tj ET Q q 0 0 0 rg BT 502.04 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.58 638.25 Td (be ) Tj ET Q q 0 0 0 rg BT 524.79 638.25 Td (disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.75 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.71 626.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.35 626.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.88 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.84 626.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 175.36 626.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.11 626.25 Td (it ) Tj ET Q q 0 0 0 rg BT 201.41 626.25 Td (files ) Tj ET Q q 0 0 0 rg BT 221.38 626.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.46 626.25 Td (submits ) Tj ET Q q 0 0 0 rg BT 266.32 626.25 Td (under ) Tj ET Q q 0 0 0 rg BT 291.84 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.81 626.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 348.37 626.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 365.56 626.25 Td (is ) Tj ET Q q 0 0 0 rg BT 374.98 626.25 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 415.20 626.25 Td (processed, ) Tj ET Q q 0 0 0 rg BT 459.88 626.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 511.50 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.69 626.25 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (within ) Tj ET Q q 0 0 0 rg BT 78.85 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.37 614.25 Td (time ) Tj ET Q q 0 0 0 rg BT 115.43 614.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 148.17 614.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 187.56 614.25 Td (by ) Tj ET Q q 0 0 0 rg BT 200.85 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.37 614.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 259.10 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.83 614.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 319.55 614.25 Td (Commission) Tj ET Q q 0 0 0 rg BT 372.90 614.25 Td (s ) Tj ET Q q 0 0 0 rg BT 380.08 614.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 402.82 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.55 614.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 447.18 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.91 614.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.20 614.25 Td (such ) Tj ET Q q 0 0 0 rg BT 504.83 614.25 Td (information ) Tj ET Q q 0 0 0 rg BT 555.34 614.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 102.19 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.29 602.25 Td (communicated ) Tj ET Q q 0 0 0 rg BT 178.82 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.26 602.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 243.51 602.25 Td (including ) Tj ET Q q 0 0 0 rg BT 282.94 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.82 602.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 320.70 602.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 362.34 602.25 Td (Of) Tj ET Q q 0 0 0 rg BT 372.71 602.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 392.69 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.79 602.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 432.67 602.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 471.54 602.25 Td (Of) Tj ET Q q 0 0 0 rg BT 481.91 602.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 499.83 602.25 Td (, ) Tj ET Q q 0 0 0 rg BT 503.99 602.25 Td (as ) Tj ET Q q 0 0 0 rg BT 513.98 602.25 Td (appropriate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 590.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 83.99 590.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 111.54 590.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 150.76 590.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 191.07 590.25 Td (required ) Tj ET Q q 0 0 0 rg BT 226.39 590.25 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 274.88 590.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 294.10 590.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 328.32 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.75 590.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 393.12 590.25 Td (no ) Tj ET Q q 0 0 0 rg BT 405.12 590.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 432.66 590.25 Td (how ) Tj ET Q q 0 0 0 rg BT 451.88 590.25 Td (well ) Tj ET Q q 0 0 0 rg BT 471.09 590.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 508.64 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.08 590.25 Td (operated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (can ) Tj ET Q q 0 0 0 rg BT 68.15 578.25 Td (only ) Tj ET Q q 0 0 0 rg BT 90.21 578.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 125.03 578.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 172.06 578.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 215.20 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.81 578.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 270.96 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.45 578.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 320.60 578.25 Td (control ) Tj ET Q q 0 0 0 rg BT 353.20 578.25 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 400.21 578.25 Td (The ) Tj ET Q q 0 0 0 rg BT 420.03 578.25 Td (Company) Tj ET Q q 0 0 0 rg BT 461.70 578.25 Td (s ) Tj ET Q q 0 0 0 rg BT 469.87 578.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 527.73 578.25 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 578.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 103.10 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.00 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 566.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 153.57 566.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 196.12 566.25 Td (Of) Tj ET Q q 0 0 0 rg BT 206.49 566.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 227.37 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.38 566.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 269.16 566.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.94 566.25 Td (Of) Tj ET Q q 0 0 0 rg BT 319.31 566.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 337.23 566.25 Td (, ) Tj ET Q q 0 0 0 rg BT 342.29 566.25 Td (has ) Tj ET Q q 0 0 0 rg BT 358.19 566.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 402.41 566.25 Td (an ) Tj ET Q q 0 0 0 rg BT 414.42 566.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 458.63 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.53 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.32 566.25 Td (ef) Tj ET Q q 0 0 0 rg BT 491.90 566.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 538.89 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 566.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (design ) Tj ET Q q 0 0 0 rg BT 79.92 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.17 554.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 139.75 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.89 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.92 554.25 Td (Company) Tj ET Q q 0 0 0 rg BT 209.58 554.25 Td (s ) Tj ET Q q 0 0 0 rg BT 217.29 554.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 261.65 554.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 297.67 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.92 554.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 366.10 554.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 394.35 554.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.17 554.25 Td (this ) Tj ET Q q 0 0 0 rg BT 426.43 554.25 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 474.39 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.42 554.25 Td (Company) Tj ET Q q 0 0 0 rg BT 532.08 554.25 Td (s ) Tj ET Q q 0 0 0 rg BT 539.79 554.25 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.08 542.25 Td (Of) Tj ET Q q 0 0 0 rg BT 102.46 542.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 122.87 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.42 542.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 163.74 542.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 203.05 542.25 Td (Of) Tj ET Q q 0 0 0 rg BT 213.42 542.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 233.84 542.25 Td (have ) Tj ET Q q 0 0 0 rg BT 254.82 542.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 298.02 542.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 317.62 542.25 Td (as ) Tj ET Q q 0 0 0 rg BT 328.05 542.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.02 542.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 384.02 542.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.02 542.25 Td (, ) Tj ET Q q 0 0 0 rg BT 408.62 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.94 542.25 Td (Company) Tj ET Q q 0 0 0 rg BT 464.60 542.25 Td (s ) Tj ET Q q 0 0 0 rg BT 470.60 542.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 513.25 542.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 547.57 542.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 96.37 530.25 Td (were ) Tj ET Q q 0 0 0 rg BT 118.30 530.25 Td (ef) Tj ET Q q 0 0 0 rg BT 125.88 530.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 155.59 530.25 Td (at ) Tj ET Q q 0 0 0 rg BT 165.30 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.02 530.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 225.27 530.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 266.64 530.25 Td (level.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (Management) Tj ET Q q 0 0 0 rg BT 109.06 509.25 Td (s ) Tj ET Q q 0 0 0 rg BT 114.90 509.25 Td (Annual Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 257.50 509.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 289.26 509.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.25 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 491.25 Td (s ) Tj ET Q q 0 0 0 rg BT 110.84 491.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 142.80 491.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 172.55 491.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.07 491.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 218.69 491.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 251.78 491.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 274.29 491.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 314.03 491.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 356.55 491.25 Td (is ) Tj ET Q q 0 0 0 rg BT 365.75 491.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 406.59 491.25 Td (within ) Tj ET Q q 0 0 0 rg BT 434.67 491.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 453.30 491.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 464.99 491.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 493.34 491.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.20 491.25 Td (this ) Tj ET Q q 0 0 0 rg BT 521.17 491.25 Td (report ) Tj ET Q q 0 0 0 rg BT 547.57 491.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 479.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 112.20 479.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.69 479.25 Td (by ) Tj ET Q q 0 0 0 rg BT 152.19 479.25 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 458.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 194.64 458.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (There ) Tj ET Q q 0 0 0 rg BT 76.15 440.25 Td (was ) Tj ET Q q 0 0 0 rg BT 94.53 440.25 Td (no ) Tj ET Q q 0 0 0 rg BT 107.36 440.25 Td (change ) Tj ET Q q 0 0 0 rg BT 138.51 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.12 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.16 440.25 Td (Company) Tj ET Q q 0 0 0 rg BT 205.83 440.25 Td (s ) Tj ET Q q 0 0 0 rg BT 212.55 440.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 245.92 440.25 Td (control ) Tj ET Q q 0 0 0 rg BT 277.08 440.25 Td (over ) Tj ET Q q 0 0 0 rg BT 297.68 440.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.49 440.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 374.98 440.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 389.47 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 407.30 440.25 Td (term ) Tj ET Q q 0 0 0 rg BT 428.45 440.25 Td (is ) Tj ET Q q 0 0 0 rg BT 437.95 440.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 470.77 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.38 440.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 506.99 440.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 547.58 440.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 91.51 428.25 Td (under ) Tj ET Q q 0 0 0 rg BT 117.47 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.87 428.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 174.78 428.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 195.74 428.25 Td (during ) Tj ET Q q 0 0 0 rg BT 225.03 428.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.67 428.25 Td (most ) Tj ET Q q 0 0 0 rg BT 260.31 428.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 287.92 428.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 312.76 428.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 344.27 428.25 Td (that ) Tj ET Q q 0 0 0 rg BT 362.45 428.25 Td (has ) Tj ET Q q 0 0 0 rg BT 378.97 428.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 422.69 428.25 Td (af) Tj ET Q q 0 0 0 rg BT 430.28 428.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 460.40 428.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.91 428.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.77 428.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 528.28 428.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 554.24 428.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 93.04 416.25 Td (af) Tj ET Q q 0 0 0 rg BT 100.63 416.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 120.61 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.33 416.25 Td (Company) Tj ET Q q 0 0 0 rg BT 176.99 416.25 Td (s ) Tj ET Q q 0 0 0 rg BT 183.38 416.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 216.43 416.25 Td (control ) Tj ET Q q 0 0 0 rg BT 247.25 416.25 Td (over ) Tj ET Q q 0 0 0 rg BT 267.52 416.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.00 416.25 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 392.25 Td (ITEM9B. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 182.60 392.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (None.) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (99) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 292.44 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 305.73 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.66 742.10 Td ( III) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 732.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 720.50 Td (ITEM10. DIRECT) Tj ET Q q 0 0 0 rg BT 132.89 720.50 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 272.92 720.50 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 346.89 720.50 Td (TE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 699.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 100.33 699.50 Td (required ) Tj ET Q q 0 0 0 rg BT 136.21 699.50 Td (by ) Tj ET Q q 0 0 0 rg BT 148.77 699.50 Td (Item401 ) Tj ET Q q 0 0 0 rg BT 187.16 699.50 Td (of ) Tj ET Q q 0 0 0 rg BT 198.06 699.50 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 244.51 699.50 Td (S-K ) Tj ET Q q 0 0 0 rg BT 263.18 699.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 304.06 699.50 Td (directors, ) Tj ET Q q 0 0 0 rg BT 344.11 699.50 Td (and ) Tj ET Q q 0 0 0 rg BT 361.12 699.50 Td (information ) Tj ET Q q 0 0 0 rg BT 410.90 699.50 Td (required ) Tj ET Q q 0 0 0 rg BT 446.78 699.50 Td (by ) Tj ET Q q 0 0 0 rg BT 459.34 699.50 Td (Items ) Tj ET Q q 0 0 0 rg BT 484.12 699.50 Td (405, ) Tj ET Q q 0 0 0 rg BT 504.19 699.50 Td (407\(c\)\(3\), ) Tj ET Q q 0 0 0 rg BT 547.01 699.50 Td (407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 687.50 Td (\(d\)\(4\) ) Tj ET Q q 0 0 0 rg BT 75.48 687.50 Td (and ) Tj ET Q q 0 0 0 rg BT 92.07 687.50 Td (407\(d\)\(5\) ) Tj ET Q q 0 0 0 rg BT 132.54 687.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.03 687.50 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 189.06 687.50 Td (S-K, ) Tj ET Q q 0 0 0 rg BT 209.83 687.50 Td (will ) Tj ET Q q 0 0 0 rg BT 227.54 687.50 Td (be ) Tj ET Q q 0 0 0 rg BT 239.14 687.50 Td (included ) Tj ET Q q 0 0 0 rg BT 275.73 687.50 Td (under ) Tj ET Q q 0 0 0 rg BT 300.65 687.50 Td (Election ) Tj ET Q q 0 0 0 rg BT 340.56 687.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.05 687.50 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 397.35 687.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 443.93 687.50 Td (Governance ) Tj ET Q q 0 0 0 rg BT 498.83 687.50 Td (and ) Tj ET Q q 0 0 0 rg BT 515.42 687.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 552.01 687.50 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 62.96 675.50 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 105.91 675.50 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 151.65 675.50 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 193.50 675.50 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 248.12 675.50 Td (in ) Tj ET Q q 0 0 0 rg BT 257.76 675.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.83 675.50 Td (Company) Tj ET Q q 0 0 0 rg BT 313.50 675.50 Td (s ) Tj ET Q q 0 0 0 rg BT 319.25 675.50 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 345.00 675.50 Td (Statement ) Tj ET Q q 0 0 0 rg BT 386.85 675.50 Td (for ) Tj ET Q q 0 0 0 rg BT 400.37 675.50 Td (its ) Tj ET Q q 0 0 0 rg BT 411.68 675.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 433.13 675.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 464.42 675.50 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 499.61 675.50 Td (of ) Tj ET Q q 0 0 0 rg BT 509.80 675.50 Td (Shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.50 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 663.50 Td (is ) Tj ET Q q 0 0 0 rg BT 76.11 663.50 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 129.14 663.50 Td (herein ) Tj ET Q q 0 0 0 rg BT 156.63 663.50 Td (by ) Tj ET Q q 0 0 0 rg BT 169.13 663.50 Td (reference.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.57 Td (Peter Saba) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 523.67 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 523.67 Td (Senior Vice President, General Counsel and Corporate Secretary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.57 Td (Stefano Gaggini) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 508.67 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 508.67 Td (Vice President, Corporate Controller and Principal Accounting Officer) 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 50 479.1669921875 m 134.3876953125 479.1669921875 l s q 0 0 0 rg BT 50.00 480.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 480.50 Td (amara ) Tj ET Q q 0 0 0 rg BT 83.37 480.50 Td (L. ) Tj ET Q q 0 0 0 rg BT 95.51 480.50 Td (Lundgren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.39 480.50 Td ( ) Tj ET Q q 0 0 0 rg BT 137.92 480.50 Td (has ) Tj ET Q q 0 0 0 rg BT 154.79 480.50 Td (been ) 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468.50 Td (President ) Tj ET Q q 0 0 0 rg BT 186.50 468.50 Td (and ) Tj ET Q q 0 0 0 rg BT 202.95 468.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 227.18 468.50 Td (Strategy ) Tj ET Q q 0 0 0 rg BT 262.52 468.50 Td (Of) Tj ET Q q 0 0 0 rg BT 272.89 468.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 293.21 468.50 Td (and ) Tj ET Q q 0 0 0 rg BT 309.66 468.50 Td (held ) Tj ET Q q 0 0 0 rg BT 328.89 468.50 Td (roles ) Tj ET Q q 0 0 0 rg BT 350.34 468.50 Td (of ) Tj ET Q q 0 0 0 rg BT 360.68 468.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 403.79 468.50 Td (responsibility) Tj ET Q q 0 0 0 rg BT 457.58 468.50 Td (, ) Tj ET Q q 0 0 0 rg BT 462.10 468.50 Td (including ) Tj ET Q q 0 0 0 rg BT 501.88 468.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 543.73 468.50 Td (V) Tj ET Q q 0 0 0 rg BT 550.35 468.50 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.50 Td (President ) Tj ET Q q 0 0 0 rg BT 90.20 456.50 Td (and ) Tj ET Q q 0 0 0 rg BT 107.62 456.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 132.82 456.50 Td 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124.19 444.50 Td (gan ) Tj ET Q q 0 0 0 rg BT 141.09 444.50 Td (Chase, ) Tj ET Q q 0 0 0 rg BT 170.49 444.50 Td (which ) Tj ET Q q 0 0 0 rg BT 197.39 444.50 Td (she ) Tj ET Q q 0 0 0 rg BT 213.18 444.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 240.64 444.50 Td (in ) Tj ET Q q 0 0 0 rg BT 250.88 444.50 Td (2001, ) Tj ET Q q 0 0 0 rg BT 275.84 444.50 Td (and ) Tj ET Q q 0 0 0 rg BT 292.74 444.50 Td (Deutsche ) Tj ET Q q 0 0 0 rg BT 332.41 444.50 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 358.48 444.50 Td (which ) Tj ET Q q 0 0 0 rg BT 385.38 444.50 Td (she ) Tj ET Q q 0 0 0 rg BT 401.17 444.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 428.62 444.50 Td (in ) Tj ET Q q 0 0 0 rg BT 438.86 444.50 Td (1996. ) Tj ET Q q 0 0 0 rg BT 463.82 444.50 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 481.57 444.50 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 522.91 444.50 Td (began ) Tj ET Q q 0 0 0 rg BT 549.24 444.50 Td (her ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.50 Td (career ) Tj ET Q q 0 0 0 rg BT 76.91 432.50 Td (as ) Tj ET Q q 0 0 0 rg BT 87.74 432.50 Td (an ) Tj ET Q q 0 0 0 rg BT 99.68 432.50 Td (attorney ) Tj ET Q q 0 0 0 rg BT 134.95 432.50 Td (and ) Tj ET Q q 0 0 0 rg BT 151.88 432.50 Td (was ) Tj ET Q q 0 0 0 rg BT 169.94 432.50 Td (a ) Tj ET Q q 0 0 0 rg BT 176.88 432.50 Td (partner ) Tj ET Q q 0 0 0 rg BT 207.69 432.50 Td (at ) Tj ET Q q 0 0 0 rg BT 217.41 432.50 Td (Hogan ) Tj ET Q q 0 0 0 rg BT 246.57 432.50 Td (& ) Tj ET Q q 0 0 0 rg BT 256.85 432.50 Td (Hartson ) Tj ET Q q 0 0 0 rg BT 291.01 432.50 Td (LLP) Tj ET Q q 0 0 0 rg BT 308.41 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 310.91 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 321.01 432.50 Td (W) Tj ET Q q 0 0 0 rg BT 329.65 432.50 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 373.54 432.50 Td (D.C.) 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 50 410.1669921875 m 120.125 410.1669921875 l s q 0 0 0 rg BT 50.00 411.50 Td (Richard ) Tj ET Q q 0 0 0 rg BT 84.09 411.50 Td (D. ) Tj ET Q q 0 0 0 rg BT 96.25 411.50 Td (Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.13 411.50 Td ( ) Tj ET Q q 0 0 0 rg BT 122.56 411.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 149.99 411.50 Td (us ) Tj ET Q q 0 0 0 rg BT 161.32 411.50 Td (in ) Tj ET Q q 0 0 0 rg BT 171.53 411.50 Td (March ) Tj ET Q q 0 0 0 rg BT 200.07 411.50 Td (2007 ) Tj ET Q q 0 0 0 rg BT 222.50 411.50 Td (and ) Tj ET Q q 0 0 0 rg BT 239.38 411.50 Td (was ) Tj ET Q q 0 0 0 rg BT 257.36 411.50 Td (appointed ) Tj ET Q q 0 0 0 rg BT 299.23 411.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 323.88 411.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 363.53 411.50 Td (Of) Tj ET Q q 0 0 0 rg BT 373.90 411.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 394.65 411.50 Td (in ) Tj ET Q q 0 0 0 rg BT 404.87 411.50 Td (December ) Tj ET Q q 0 0 0 rg BT 448.39 411.50 Td (2007. ) Tj ET Q q 0 0 0 rg BT 473.32 411.50 Td (In ) Tj ET Q q 0 0 0 rg BT 484.09 411.50 Td (September ) Tj ET Q q 0 0 0 rg BT 529.29 411.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 554.22 411.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.50 Td (addition ) Tj ET Q q 0 0 0 rg BT 85.27 399.50 Td (to ) Tj ET Q q 0 0 0 rg BT 95.54 399.50 Td (his ) Tj ET Q q 0 0 0 rg BT 109.71 399.50 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 172.76 399.50 Td (as ) Tj ET Q q 0 0 0 rg BT 183.59 399.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 208.30 399.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.01 399.50 Td (Of) Tj ET Q q 0 0 0 rg BT 258.38 399.50 Td (ficer) Tj ET Q q 0 0 0 rg BT 276.29 399.50 Td (, ) Tj ET Q q 0 0 0 rg BT 281.29 399.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 292.96 399.50 Td (. ) Tj ET Q q 0 0 0 rg BT 297.96 399.50 Td (Peach ) Tj ET Q q 0 0 0 rg BT 324.33 399.50 Td (assumed ) Tj ET Q q 0 0 0 rg BT 361.27 399.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.98 399.50 Td (role ) Tj ET Q q 0 0 0 rg BT 394.02 399.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.85 399.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 429.56 399.50 Td (of ) Tj ET Q q 0 0 0 rg BT 440.39 399.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 482.87 399.50 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 531.75 399.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 554.24 399.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 80.63 387.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 94.31 387.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 105.98 387.50 Td (.Peach ) Tj ET Q q 0 0 0 rg BT 137.15 387.50 Td (was ) Tj ET Q q 0 0 0 rg BT 154.99 387.50 Td (the ) Tj ET Q q 0 0 0 rg BT 169.50 387.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 194.01 387.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 233.51 387.50 Td (Of) Tj ET Q q 0 0 0 rg BT 243.88 387.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 264.49 387.50 Td (and ) Tj ET Q q 0 0 0 rg BT 281.22 387.50 Td (Senior ) Tj ET Q q 0 0 0 rg BT 309.45 387.50 Td (V) Tj ET Q q 0 0 0 rg BT 316.07 387.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 330.02 387.50 Td (President ) Tj ET Q q 0 0 0 rg BT 369.53 387.50 Td (with ) Tj ET Q q 0 0 0 rg BT 389.60 387.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 387.50 Td (W) Tj ET Q q 0 0 0 rg BT 412.58 387.50 Td (estern ) Tj ET Q q 0 0 0 rg BT 438.75 387.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 458.82 387.50 Td (ener) Tj ET Q q 0 0 0 rg BT 475.85 387.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 488.14 387.50 Td (utility) Tj ET Q q 0 0 0 rg BT 511.38 387.50 Td (, ) Tj ET Q q 0 0 0 rg BT 516.17 387.50 Td (PacifiCorp, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.50 Td (from ) Tj ET Q q 0 0 0 rg BT 71.16 375.50 Td (2003 ) Tj ET Q q 0 0 0 rg BT 92.88 375.50 Td (to ) Tj ET Q q 0 0 0 rg BT 102.38 375.50 Td (2006. ) Tj ET Q q 0 0 0 rg BT 126.61 375.50 Td (From ) Tj ET Q q 0 0 0 rg BT 150.00 375.50 Td (1995 ) Tj ET Q q 0 0 0 rg BT 171.72 375.50 Td (to ) Tj ET Q q 0 0 0 rg BT 181.22 375.50 Td (2002, ) Tj ET Q q 0 0 0 rg BT 205.45 375.50 Td (he ) Tj ET Q q 0 0 0 rg BT 216.61 375.50 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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 50 317.1669921875 m 127.9677734375 317.1669921875 l s q 0 0 0 rg BT 50.00 318.50 Td (Michael ) Tj ET Q q 0 0 0 rg BT 84.65 318.50 Td (Henderson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.97 318.50 Td ( ) Tj ET Q q 0 0 0 rg BT 129.85 318.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 156.73 318.50 Td (us ) Tj ET Q q 0 0 0 rg BT 167.51 318.50 Td (in ) Tj ET Q q 0 0 0 rg BT 176.75 318.50 Td (April ) Tj ET Q q 0 0 0 rg BT 199.74 318.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 221.63 318.50 Td (and ) Tj ET Q q 0 0 0 rg BT 237.95 318.50 Td (served ) Tj ET Q q 0 0 0 rg BT 265.93 318.50 Td (as ) Tj ET Q q 0 0 0 rg BT 276.15 318.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 300.25 318.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 342.12 318.50 Td (Of) Tj ET Q q 0 0 0 rg BT 352.49 318.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 372.69 318.50 Td (and ) Tj ET Q q 0 0 0 rg BT 389.01 318.50 Td (President ) Tj ET Q q 0 0 0 rg BT 428.11 318.50 Td (of ) Tj ET Q q 0 0 0 rg BT 438.32 318.50 Td (the ) Tj ET Q q 0 0 0 rg BT 452.42 318.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 481.52 318.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 523.95 318.50 Td (Business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 72.26 306.50 Td (to ) Tj ET Q q 0 0 0 rg BT 82.86 306.50 Td (his ) Tj ET Q q 0 0 0 rg BT 97.35 306.50 Td (promotion ) Tj ET Q q 0 0 0 rg BT 141.84 306.50 Td (to ) Tj ET Q q 0 0 0 rg BT 152.44 306.50 Td (Co-President ) Tj ET Q q 0 0 0 rg BT 207.48 306.50 Td (of ) Tj ET Q q 0 0 0 rg BT 218.63 306.50 Td (the ) Tj ET Q q 0 0 0 rg BT 233.05 306.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 255.87 306.50 Td (and ) Tj ET Q q 0 0 0 rg BT 273.13 306.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 303.17 306.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 346.54 306.50 Td (business ) Tj ET Q q 0 0 0 rg BT 383.25 306.50 Td (in ) Tj ET Q q 0 0 0 rg BT 393.23 306.50 Td (April ) Tj ET Q q 0 0 0 rg BT 417.16 306.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 442.48 306.50 Td ( ) Tj ET Q q 0 0 0 rg BT 445.30 306.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 468.12 306.50 Td (to ) Tj ET Q q 0 0 0 rg BT 478.72 306.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 509.88 306.50 Td (Schnitzer) Tj ET Q q 0 0 0 rg BT 547.25 306.50 Td (, ) Tj ET Q q 0 0 0 rg BT 552.57 306.50 Td (he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.50 Td (was ) Tj ET Q q 0 0 0 rg BT 68.31 294.50 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 101.05 294.50 Td (Region ) Tj ET Q q 0 0 0 rg BT 132.69 294.50 Td (President ) Tj ET Q q 0 0 0 rg BT 172.67 294.50 Td (for ) Tj ET Q q 0 0 0 rg BT 187.08 294.50 Td (Sims ) Tj ET Q q 0 0 0 rg BT 209.85 294.50 Td (Metal ) Tj ET Q q 0 0 0 rg BT 235.93 294.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 290.89 294.50 Td (where ) Tj ET Q q 0 0 0 rg BT 318.07 294.50 Td (he ) Tj ET Q q 0 0 0 rg BT 330.27 294.50 Td (was ) Tj ET Q q 0 0 0 rg BT 348.58 294.50 Td (responsible ) Tj ET Q q 0 0 0 rg BT 396.88 294.50 Td (for ) Tj ET Q q 0 0 0 rg BT 411.30 294.50 Td (26 ) Tj ET Q q 0 0 0 rg BT 424.05 294.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 463.74 294.50 Td (including ) Tj ET Q q 0 0 0 rg BT 504.27 294.50 Td (four ) Tj ET Q q 0 0 0 rg BT 523.68 294.50 Td (shredders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.50 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 282.50 Td (five ) Tj ET Q q 0 0 0 rg BT 83.56 282.50 Td (port ) Tj ET Q q 0 0 0 rg BT 101.46 282.50 Td (locations. ) Tj ET Q q 0 0 0 rg BT 141.86 282.50 Td (He ) Tj ET Q q 0 0 0 rg BT 155.31 282.50 Td (began ) Tj ET Q q 0 0 0 rg BT 180.97 282.50 Td (his ) Tj ET Q q 0 0 0 rg BT 194.43 282.50 Td (career ) Tj ET Q q 0 0 0 rg BT 220.63 282.50 Td (with ) Tj ET Q q 0 0 0 rg BT 240.20 282.50 Td (Naparano ) Tj ET Q q 0 0 0 rg BT 280.86 282.50 Td (Iron ) Tj ET Q q 0 0 0 rg BT 299.31 282.50 Td (& ) Tj ET Q q 0 0 0 rg BT 308.88 282.50 Td (Metal ) Tj ET Q q 0 0 0 rg BT 333.99 282.50 Td (and ) Tj ET Q q 0 0 0 rg BT 350.22 282.50 Td (has ) Tj ET Q q 0 0 0 rg BT 365.34 282.50 Td (more ) Tj ET Q q 0 0 0 rg BT 387.68 282.50 Td (than ) Tj ET Q q 0 0 0 rg BT 406.68 282.50 Td (30 ) Tj ET Q q 0 0 0 rg BT 418.47 282.50 Td (years ) Tj ET Q q 0 0 0 rg BT 441.36 282.50 Td (in ) Tj ET Q q 0 0 0 rg BT 450.93 282.50 Td (the ) Tj ET Q q 0 0 0 rg BT 464.93 282.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 487.82 282.50 Td (industry) Tj ET Q q 0 0 0 rg BT 519.95 282.50 Td (, ) Tj ET Q q 0 0 0 rg BT 524.24 282.50 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.50 Td (expertise ) Tj ET Q q 0 0 0 rg BT 88.59 270.50 Td (in ) Tj ET Q q 0 0 0 rg BT 98.87 270.50 Td (both ) Tj ET Q q 0 0 0 rg BT 119.15 270.50 Td (the ) Tj ET Q q 0 0 0 rg BT 133.87 270.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 164.69 270.50 Td (and ) Tj ET Q q 0 0 0 rg BT 181.63 270.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 227.45 270.50 Td (sides ) Tj ET Q q 0 0 0 rg BT 249.95 270.50 Td (of ) Tj ET Q q 0 0 0 rg BT 260.78 270.50 Td (the ) Tj ET Q q 0 0 0 rg BT 275.49 270.50 Td (business.) 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 50 248.1669921875 m 113.046875 248.1669921875 l s q 0 0 0 rg BT 50.00 249.50 Td (Steven ) Tj ET Q q 0 0 0 rg BT 79.72 249.50 Td (Heiskell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.05 249.50 Td ( ) Tj ET Q q 0 0 0 rg BT 115.55 249.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 143.05 249.50 Td (us ) Tj ET Q q 0 0 0 rg BT 154.45 249.50 Td (in ) Tj ET Q q 0 0 0 rg BT 164.18 249.50 Td (August ) Tj ET Q q 0 0 0 rg BT 195.58 249.50 Td (2004 ) Tj ET Q q 0 0 0 rg BT 218.08 249.50 Td (and ) Tj ET Q q 0 0 0 rg BT 235.02 249.50 Td (served ) Tj ET Q q 0 0 0 rg BT 263.63 249.50 Td (in ) Tj ET Q q 0 0 0 rg BT 273.91 249.50 Td (a ) Tj ET Q q 0 0 0 rg BT 280.85 249.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 311.12 249.50 Td (of ) Tj ET Q q 0 0 0 rg BT 321.96 249.50 Td (capacities ) Tj ET Q q 0 0 0 rg BT 363.88 249.50 Td (within ) Tj ET Q q 0 0 0 rg BT 391.94 249.50 Td (our ) Tj ET Q q 0 0 0 rg BT 407.22 249.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 429.73 249.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 452.23 249.50 Td (Business, ) Tj ET Q q 0 0 0 rg BT 492.80 249.50 Td (including ) Tj ET Q q 0 0 0 rg BT 533.08 249.50 Td (as ) Tj ET Q q 0 0 0 rg BT 543.73 249.50 Td (V) Tj ET Q q 0 0 0 rg BT 550.35 249.50 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.50 Td (President ) Tj ET Q q 0 0 0 rg BT 88.98 237.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 130.74 237.50 Td (Development, ) Tj ET Q q 0 0 0 rg BT 188.87 237.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 212.86 237.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 268.50 237.50 Td (Of) Tj ET Q q 0 0 0 rg BT 278.87 237.50 Td (ficer) Tj ET Q q 0 0 0 rg BT 296.78 237.50 Td (, ) Tj ET Q q 0 0 0 rg BT 301.05 237.50 Td (General ) Tj ET Q q 0 0 0 rg BT 334.46 237.50 Td (Manager ) Tj ET Q q 0 0 0 rg BT 371.76 237.50 Td (and ) Tj ET Q q 0 0 0 rg BT 387.84 237.50 Td (V) Tj ET Q q 0 0 0 rg BT 394.46 237.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 407.88 237.50 Td (President ) Tj ET Q q 0 0 0 rg BT 446.87 237.50 Td (and ) Tj ET Q q 0 0 0 rg BT 463.07 237.50 Td (Managing ) Tj ET Q q 0 0 0 rg BT 505.39 237.50 Td (Director) Tj ET Q q 0 0 0 rg BT 538.30 237.50 Td (, ) Tj ET Q q 0 0 0 rg BT 542.57 237.50 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.50 Td (to ) Tj ET Q q 0 0 0 rg BT 60.42 225.50 Td (his ) Tj ET Q q 0 0 0 rg BT 74.73 225.50 Td (promotion ) Tj ET Q q 0 0 0 rg BT 119.04 225.50 Td (to ) Tj ET Q q 0 0 0 rg BT 129.45 225.50 Td (Co-President ) Tj ET Q q 0 0 0 rg BT 184.31 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.28 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 209.56 225.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 232.20 225.50 Td (and ) Tj ET Q q 0 0 0 rg BT 249.28 225.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 279.13 225.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 322.32 225.50 Td (business ) Tj ET Q q 0 0 0 rg BT 358.85 225.50 Td (in ) Tj ET Q q 0 0 0 rg BT 368.68 225.50 Td (April ) Tj ET Q q 0 0 0 rg BT 392.43 225.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 417.57 225.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 440.21 225.50 Td (to ) Tj ET Q q 0 0 0 rg BT 450.63 225.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 481.61 225.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 495.64 225.50 Td (Steven ) Tj ET Q q 0 0 0 rg BT 525.50 225.50 Td (served ) Tj ET Q q 0 0 0 rg BT 554.24 225.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.50 Td (a ) Tj ET Q q 0 0 0 rg BT 56.53 213.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 86.38 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.79 213.50 Td (executive ) Tj ET Q q 0 0 0 rg BT 137.19 213.50 Td (positions ) Tj ET Q q 0 0 0 rg BT 175.40 213.50 Td (at ) Tj ET Q q 0 0 0 rg BT 184.70 213.50 Td (Simpata, ) Tj ET Q q 0 0 0 rg BT 222.06 213.50 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 241.92 213.50 Td (a ) Tj ET Q q 0 0 0 rg BT 248.44 213.50 Td (venture ) Tj ET Q q 0 0 0 rg BT 280.52 213.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 309.26 213.50 Td (backed ) Tj ET Q q 0 0 0 rg BT 339.66 213.50 Td (internet ) Tj ET Q q 0 0 0 rg BT 372.29 213.50 Td (startup ) Tj ET Q q 0 0 0 rg BT 401.59 213.50 Td (in ) Tj ET Q q 0 0 0 rg BT 411.46 213.50 Td (San ) Tj ET Q q 0 0 0 rg BT 428.54 213.50 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 472.01 213.50 Td (Enron, ) Tj ET Q q 0 0 0 rg BT 501.04 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 517.56 213.50 Td (BP/Amoco ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.50 Td (Oil.) 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 50 179.1669921875 m 101.78955078125 179.1669921875 l s q 0 0 0 rg BT 50.00 180.50 Td (Jef) Tj ET Q q 0 0 0 rg BT 61.48 180.50 Td (frey ) Tj ET Q q 0 0 0 rg BT 80.13 180.50 Td (Dyck) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.79 180.50 Td ( ) Tj ET Q q 0 0 0 rg BT 104.34 180.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 131.89 180.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.66 180.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 169.20 180.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 231.18 180.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 269.29 180.50 Td (in ) Tj ET Q q 0 0 0 rg BT 279.62 180.50 Td (February ) Tj ET Q q 0 0 0 rg BT 318.27 180.50 Td (1994 ) Tj ET Q q 0 0 0 rg BT 340.82 180.50 Td (and ) Tj ET Q q 0 0 0 rg BT 357.81 180.50 Td (served ) Tj ET Q q 0 0 0 rg BT 386.46 180.50 Td (in ) Tj ET Q q 0 0 0 rg BT 396.79 180.50 Td (a ) Tj ET Q q 0 0 0 rg BT 403.78 180.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 434.09 180.50 Td (of ) Tj ET Q q 0 0 0 rg BT 444.98 180.50 Td (positions, ) Tj ET Q q 0 0 0 rg BT 486.15 180.50 Td (including ) Tj ET Q q 0 0 0 rg BT 526.47 180.50 Td (Manager ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.91 168.50 Td (the ) Tj ET Q q 0 0 0 rg BT 75.71 168.50 Td (Rolling ) Tj ET Q q 0 0 0 rg BT 108.29 168.50 Td (Mills ) Tj ET Q q 0 0 0 rg BT 131.99 168.50 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 168.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 184.91 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.82 168.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 242.28 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 253.19 168.50 Td (the ) Tj ET Q q 0 0 0 rg BT 267.98 168.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 290.56 168.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 352.56 168.50 Td (Business, ) Tj ET Q q 0 0 0 rg BT 393.21 168.50 Td (before ) Tj ET Q q 0 0 0 rg BT 421.32 168.50 Td (his ) Tj ET Q q 0 0 0 rg BT 435.57 168.50 Td (promotion ) Tj ET Q q 0 0 0 rg BT 479.82 168.50 Td (to ) Tj ET Q q 0 0 0 rg BT 490.18 168.50 Td (President ) Tj ET Q q 0 0 0 rg BT 529.98 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.89 168.50 Td (SMB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 156.50 Td (June ) Tj ET Q q 0 0 0 rg BT 81.11 156.50 Td (2005.) 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Form 10-K 2016) 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 50 740.7669921875 m 92.1669921875 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Peter ) Tj ET Q q 0 0 0 rg BT 72.73 742.10 Td (Saba) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.17 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.35 742.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 121.53 742.10 Td (us ) Tj ET Q q 0 0 0 rg BT 132.60 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.56 742.10 Td (July ) Tj ET Q q 0 0 0 rg BT 161.41 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 183.59 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 194.10 742.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 222.24 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 228.86 742.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 242.69 742.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 284.59 742.10 Td (General ) Tj ET Q q 0 0 0 rg BT 318.42 742.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 353.38 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.00 742.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 412.17 742.10 Td 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(uranium ) Tj ET Q q 0 0 0 rg BT 289.09 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.43 706.10 Td (nuclear ) Tj ET Q q 0 0 0 rg BT 333.54 706.10 Td (fuel, ) Tj ET Q q 0 0 0 rg BT 353.27 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.40 706.10 Td (he ) Tj ET Q q 0 0 0 rg BT 390.52 706.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 417.20 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.67 706.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 450.85 706.10 Td (USEC, ) Tj ET Q q 0 0 0 rg BT 480.60 706.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 497.56 706.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 517.57 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.69 706.10 Td (voluntary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (petition ) Tj ET Q q 0 0 0 rg BT 82.48 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.08 694.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 119.10 694.10 Td (under ) Tj ET Q q 0 0 0 rg BT 143.80 694.10 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 177.39 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.33 694.10 Td (1) Tj ET Q q 0 0 0 rg BT 183.95 694.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 190.89 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.15 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.30 694.10 Td (United ) Tj ET Q q 0 0 0 rg BT 244.45 694.10 Td (States ) Tj ET Q q 0 0 0 rg BT 270.27 694.10 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 318.86 694.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 341.90 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.61 694.10 Td (March ) Tj ET Q q 0 0 0 rg BT 379.64 694.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 401.57 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.94 694.10 Td (emer) Tj ET Q q 0 0 0 rg BT 437.75 694.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 454.12 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.49 694.10 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 509.08 694.10 Td (1) Tj ET Q q 0 0 0 rg BT 513.71 694.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 520.64 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.90 694.10 Td (Centrus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 682.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 81.85 682.10 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 107.51 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.66 682.10 Td (September ) Tj ET Q q 0 0 0 rg BT 166.58 682.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 182.24 682.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 207.89 682.10 Td (Over ) Tj ET Q q 0 0 0 rg BT 231.04 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.63 682.10 Td (30-year ) Tj ET Q q 0 0 0 rg BT 272.33 682.10 Td (career) Tj ET Q q 0 0 0 rg BT 296.34 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.00 682.10 Td (Peter ) Tj ET Q q 0 0 0 rg BT 325.70 682.10 Td (has ) Tj ET Q q 0 0 0 rg BT 342.19 682.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 375.33 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.27 682.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 418.85 682.10 Td (international ) Tj ET Q q 0 0 0 rg BT 472.55 682.10 Td (law ) Tj ET Q q 0 0 0 rg BT 490.14 682.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 514.41 682.10 Td (focusing ) Tj ET Q q 0 0 0 rg BT 552.00 682.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (corporate 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BT 76.74 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.02 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 105.20 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 658.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 159.22 658.10 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 190.88 658.10 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 230.40 658.10 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 271.00 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 285.51 658.10 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 326.69 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.97 658.10 Td (International ) Tj ET Q q 0 0 0 rg BT 397.91 658.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 416.61 658.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 429.46 658.10 Td (Policy ) Tj ET Q q 0 0 0 rg BT 457.86 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 467.93 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.99 658.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 503.63 658.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 553.68 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 646.10 Td (gy) Tj ET Q q 0 0 0 rg BT 78.05 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.05 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.99 646.10 Td (taught ) Tj ET Q q 0 0 0 rg BT 127.48 646.10 Td (international ) Tj ET Q q 0 0 0 rg BT 180.52 646.10 Td (business ) Tj ET Q q 0 0 0 rg BT 216.91 646.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 267.17 646.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.00 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 289.39 646.10 Td (Adjunct ) Tj ET Q q 0 0 0 rg BT 324.11 646.10 Td (Professor ) Tj ET Q q 0 0 0 rg BT 364.38 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 374.10 646.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 393.91 646.10 Td (getown ) Tj ET Q q 0 0 0 rg BT 425.84 646.10 Td (Law ) Tj ET Q q 0 0 0 rg BT 446.11 646.10 Td (School.) 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 50 623.7669921875 m 115.3408203125 623.7669921875 l s q 0 0 0 rg BT 50.00 625.10 Td (Stefano ) Tj ET Q q 0 0 0 rg BT 83.12 625.10 Td (Gaggini) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.34 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.92 625.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 145.49 625.10 Td (us ) Tj ET Q q 0 0 0 rg BT 156.96 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.31 625.10 Td (July ) Tj ET Q q 0 0 0 rg BT 186.56 625.10 Td (201) Tj ET Q q 0 0 0 rg BT 201.19 625.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 208.77 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.67 625.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 248.36 625.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 286.47 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.38 625.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 318.30 625.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 360.87 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.70 625.10 Td (T) Tj ET Q q 0 0 0 rg BT 383.11 625.10 Td (echnical ) Tj ET Q q 0 0 0 rg BT 418.43 625.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 467.66 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.68 625.10 Td (became ) Tj ET Q q 0 0 0 rg BT 517.79 625.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 553.68 625.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 72.83 613.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 117.31 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.91 613.10 Td (T) Tj ET Q q 0 0 0 rg BT 141.32 613.10 Td (echnical ) Tj ET Q q 0 0 0 rg BT 178.13 613.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 229.27 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.53 613.10 Td (March ) Tj ET Q q 0 0 0 rg BT 272.12 613.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 299.10 613.10 Td (He ) Tj ET Q q 0 0 0 rg BT 315.25 613.10 Td (became ) Tj ET Q q 0 0 0 rg BT 349.94 613.10 Td (V) Tj ET Q q 0 0 0 rg BT 356.56 613.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 372.71 613.10 Td (President, ) Tj ET Q q 0 0 0 rg BT 416.91 613.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 461.38 613.10 Td (Controller ) Tj ET Q q 0 0 0 rg BT 506.97 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.90 613.10 Td (Principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 99.55 601.10 Td (Of) Tj ET Q q 0 0 0 rg BT 109.92 601.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 131.13 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.80 601.10 Td (December ) Tj ET Q q 0 0 0 rg BT 185.77 601.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 211.16 601.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 234.06 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.73 601.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 275.95 601.10 Td (Schnitzer) Tj ET Q q 0 0 0 rg BT 313.32 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.71 601.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 330.38 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.77 601.10 Td (Gaggini ) Tj ET Q q 0 0 0 rg BT 370.88 601.10 Td (was ) Tj ET Q q 0 0 0 rg BT 389.32 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.65 601.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 423.99 601.10 Td (manager ) Tj ET Q q 0 0 0 rg BT 461.30 601.10 Td (at ) Tj ET Q q 0 0 0 rg BT 471.41 601.10 Td (KPMG ) Tj ET Q q 0 0 0 rg BT 503.20 601.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 519.87 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.26 601.10 Td (where ) Tj ET Q q 0 0 0 rg BT 552.58 601.10 Td (he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (served ) Tj ET Q q 0 0 0 rg BT 78.56 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.80 589.10 Td (various ) Tj ET Q q 0 0 0 rg BT 120.71 589.10 Td (auditing ) Tj ET Q q 0 0 0 rg BT 155.94 589.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 177.84 589.10 Td (since ) Tj ET Q q 0 0 0 rg BT 200.85 589.10 Td (1998 ) Tj ET Q q 0 0 0 rg BT 223.32 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.56 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.24 589.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 287.09 589.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 319.54 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.45 589.10 Td (Zurich, ) Tj ET Q q 0 0 0 rg BT 368.06 589.10 Td (Switzerland ) Tj ET Q q 0 0 0 rg BT 418.29 589.10 Td (of) Tj ET Q q 0 0 0 rg BT 426.44 589.10 Td (fices. ) Tj ET Q q 0 0 0 rg BT 450.28 589.10 Td (He ) Tj ET Q q 0 0 0 rg BT 464.40 589.10 Td (is ) Tj ET Q q 0 0 0 rg BT 473.54 589.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 508.76 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.56 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.46 589.10 Td (Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 77.50 577.10 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 126.10 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.38 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.09 577.10 Td (State ) Tj ET Q q 0 0 0 rg BT 173.59 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.42 577.10 Td (Oregon.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Code of Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (On ) Tj ET Q q 0 0 0 rg BT 63.96 538.10 Td (April28, ) Tj ET Q q 0 0 0 rg BT 102.29 538.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 127.02 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.47 538.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 168.13 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.69 538.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 218.13 538.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 257.56 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.23 538.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 295.33 538.10 Td (Company) Tj ET Q q 0 0 0 rg BT 337.00 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 343.12 538.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 366.45 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.01 538.10 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 413.13 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 430.35 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.25 538.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 482.57 538.10 Td (to ) Tj 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Td (Financial ) Tj ET Q q 0 0 0 rg BT 497.52 514.10 Td (Of) Tj ET Q q 0 0 0 rg BT 507.89 514.10 Td (ficers\). ) Tj ET Q q 0 0 0 rg BT 544.22 514.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (document ) Tj ET Q q 0 0 0 rg BT 90.79 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 98.82 502.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 126.28 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.64 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.21 502.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 192.55 502.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 242.21 502.10 Td (page ) Tj ET Q q 0 0 0 rg BT 262.45 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.13 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.71 502.10 Td (Company) Tj ET Q q 0 0 0 rg BT 327.37 502.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.62 502.10 Td (internet ) Tj ET Q q 0 0 0 rg BT 364.52 502.10 Td (website ) Tj ET Q q 0 0 0 rg BT 396.42 502.10 Td (\(www) Tj ET Q q 0 0 0 rg BT 420.77 502.10 Td (.schnitzersteel.com\) ) Tj ET Q q 0 0 0 rg BT 502.09 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.89 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.91 502.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (free ) Tj ET Q q 0 0 0 rg BT 68.61 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.00 490.10 Td (char) Tj ET Q q 0 0 0 rg BT 97.03 490.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 109.54 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 122.61 490.10 Td (calling ) Tj ET Q q 0 0 0 rg BT 152.89 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.17 490.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.13 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.53 490.10 Td (submitting ) Tj ET Q q 0 0 0 rg BT 267.38 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.89 490.10 Td (request ) Tj ET Q q 0 0 0 rg BT 306.83 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.68 490.10 Td (ir@schn.com. ) Tj ET Q q 0 0 0 rg BT 376.39 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 395.01 490.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.96 490.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 468.92 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.77 490.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 508.94 490.10 Td (its ) Tj ET Q q 0 0 0 rg BT 521.46 490.10 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.43 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.20 478.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 146.51 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.27 478.10 Td (any ) Tj ET Q q 0 0 0 rg BT 172.70 478.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 225.23 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.00 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.32 478.10 Td (waivers ) Tj ET Q q 0 0 0 rg BT 278.41 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.73 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.94 478.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 326.04 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.69 478.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 379.16 478.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 419.46 478.10 Td (of) Tj ET Q q 0 0 0 rg BT 427.61 478.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 451.81 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.13 478.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 490.22 478.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 529.43 478.10 Td (Of) Tj ET Q q 0 0 0 rg BT 539.80 478.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 466.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 94.45 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 115.28 466.10 Td (information ) Tj ET Q q 0 0 0 rg BT 164.99 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 177.49 466.10 Td (its ) Tj ET Q q 0 0 0 rg BT 189.44 466.10 Td (internet ) Tj ET Q q 0 0 0 rg BT 222.48 466.10 Td (website ) Tj ET Q q 0 0 0 rg BT 255.53 466.10 Td (set ) Tj ET Q q 0 0 0 rg BT 269.14 466.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 291.07 466.10 Td (above ) Tj ET Q q 0 0 0 rg BT 317.45 466.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 343.27 466.10 Td (than ) Tj ET Q q 0 0 0 rg BT 362.98 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.48 466.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 399.65 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.59 466.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 430.76 466.10 Td (8-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (ITEM1) Tj ET Q q 0 0 0 rg BT 83.62 442.10 Td (1. EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 212.06 442.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.79 421.10 Td (information ) Tj ET Q q 0 0 0 rg BT 119.25 421.10 Td (required ) Tj ET Q q 0 0 0 rg BT 155.82 421.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.06 421.10 Td (Items ) Tj ET Q q 0 0 0 rg BT 194.53 421.10 Td (402, ) Tj ET Q q 0 0 0 rg BT 215.27 421.10 Td (407\(e\)\(4\) ) Tj ET Q q 0 0 0 rg BT 256.28 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.96 421.10 Td (407\(e\)\(5\) ) Tj ET Q q 0 0 0 rg BT 314.97 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.55 421.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 373.68 421.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 393.04 421.10 Td (will ) Tj ET Q q 0 0 0 rg BT 411.84 421.10 Td (be ) Tj ET Q q 0 0 0 rg BT 424.53 421.10 Td (included ) Tj ET Q q 0 0 0 rg BT 462.21 421.10 Td (under ) Tj ET Q q 0 0 0 rg BT 488.22 421.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 553.68 421.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.12 409.10 Td (Of) Tj ET Q q 0 0 0 rg BT 102.49 409.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 133.78 409.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 198.13 409.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 244.17 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.27 409.10 Td (Analysis, ) Tj ET Q q 0 0 0 rg BT 304.35 409.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 344.25 409.10 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 411.10 409.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 457.66 409.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 508.11 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.78 409.10 Td (Assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 397.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 120.02 397.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 144.76 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.16 397.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 225.33 397.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 271.73 397.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 305.35 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.09 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.27 397.10 Td (Company) Tj ET Q q 0 0 0 rg BT 370.93 397.10 Td (s ) Tj ET Q q 0 0 0 rg BT 376.78 397.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 402.63 397.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 444.58 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.32 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 465.72 397.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 486.01 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.63 397.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.04 397.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.04 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.57 397.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 85.83 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.66 385.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 151.36 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.30 385.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.47 385.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 230.50 385.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 257.99 385.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.49 385.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (ITEM12. SECURITY) Tj ET Q q 0 0 0 rg BT 145.48 361.10 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 209.66 361.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 225.67 361.10 Td ( CER) Tj ET Q q 0 0 0 rg BT 248.94 361.10 Td (T) Tj ET Q q 0 0 0 rg BT 254.86 361.10 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 337.38 361.10 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 386.28 361.10 Td (AND MANAGEMENT) Tj ET Q q 0 0 0 rg BT 485.82 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.77 361.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 538.97 361.10 Td (TED ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (ST) Tj ET Q q 0 0 0 rg BT 62.05 349.10 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 146.59 349.10 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 99.26 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.54 328.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.36 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.64 328.10 Td (security ) Tj ET Q q 0 0 0 rg BT 190.79 328.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 233.95 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.78 328.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 272.49 328.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 313.41 328.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 343.79 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.73 328.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 414.82 328.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.65 328.10 Td (required ) Tj ET Q q 0 0 0 rg BT 459.46 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 470.96 328.10 Td (Item403 ) Tj ET Q q 0 0 0 rg BT 508.29 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.12 328.10 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (S-K, ) Tj ET Q q 0 0 0 rg BT 70.51 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 87.96 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 99.29 316.10 Td (included ) Tj ET Q q 0 0 0 rg BT 135.62 316.10 Td (under ) Tj ET Q q 0 0 0 rg BT 160.28 316.10 Td (V) Tj ET Q q 0 0 0 rg BT 170.65 316.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 193.10 316.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 234.43 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.76 316.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 288.76 316.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 347.29 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.97 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.08 316.10 Td (Company) Tj ET Q q 0 0 0 rg BT 412.74 316.10 Td (s ) Tj ET Q q 0 0 0 rg BT 418.53 316.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 444.31 316.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 486.20 316.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.75 316.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.09 316.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.09 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.57 316.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 86.12 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.24 304.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 152.24 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.47 304.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.94 304.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 232.26 304.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 260.04 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.83 304.10 Td (reference. ) Tj ET Q q 0 0 0 rg BT 315.31 304.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 365.86 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.44 304.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 417.54 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.12 304.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 468.67 304.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 513.67 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.12 304.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (under ) Tj ET Q q 0 0 0 rg BT 76.08 292.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 104.38 292.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 163.23 292.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 190.15 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.79 292.10 Td (required ) Tj ET Q q 0 0 0 rg BT 238.42 292.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.73 292.10 Td (Item201\(d\) ) Tj ET Q q 0 0 0 rg BT 302.52 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.16 292.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 361.35 292.10 Td (S-K, ) Tj ET Q q 0 0 0 rg BT 383.28 292.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.14 292.10 Td (be ) Tj ET Q q 0 0 0 rg BT 414.89 292.10 Td (included ) Tj ET Q q 0 0 0 rg BT 452.63 292.10 Td (under ) Tj ET Q q 0 0 0 rg BT 478.71 292.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 544.23 292.10 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 105.74 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.05 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.81 280.10 Td (Company) Tj ET Q q 0 0 0 rg BT 174.47 280.10 Td (s ) Tj ET Q q 0 0 0 rg BT 181.90 280.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 209.33 280.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 252.86 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.05 280.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 280.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.79 280.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 336.77 280.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 373.63 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.50 280.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 441.24 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.22 280.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.42 280.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 523.49 280.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 552.01 280.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (ITEM13. CER) Tj ET Q q 0 0 0 rg BT 114.93 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.86 244.10 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 168.74 244.10 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 225.15 244.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 276.35 244.10 Td (TED ) Tj ET Q q 0 0 0 rg BT 299.23 244.10 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 383.14 244.10 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 446.03 244.10 Td (OR INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.21 223.10 Td (information ) Tj ET Q q 0 0 0 rg BT 116.08 223.10 Td (required ) Tj ET Q q 0 0 0 rg BT 151.05 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.71 223.10 Td (Items ) Tj ET Q q 0 0 0 rg BT 186.59 223.10 Td (404 ) Tj ET Q q 0 0 0 rg BT 203.25 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.34 223.10 Td (407\(a\) ) Tj ET Q q 0 0 0 rg BT 247.10 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.09 223.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 302.63 223.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 320.40 223.10 Td (will ) Tj ET Q q 0 0 0 rg BT 337.62 223.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.72 223.10 Td (included ) Tj ET Q q 0 0 0 rg BT 384.81 223.10 Td (under ) Tj ET Q q 0 0 0 rg BT 409.24 223.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 444.65 223.10 Td (T) Tj ET Q q 0 0 0 rg BT 450.41 223.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 501.49 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.59 223.10 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 101.31 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.32 211.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 145.64 211.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 208.61 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.40 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.62 211.10 Td (Company) Tj ET Q q 0 0 0 rg BT 276.29 211.10 Td (s ) Tj ET Q q 0 0 0 rg BT 283.19 211.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 310.09 211.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 353.09 211.10 Td (for ) Tj ET Q q 0 0 0 rg BT 367.75 211.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 211.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.21 211.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.55 211.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 435.00 211.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 471.33 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.67 211.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 537.89 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.33 211.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 103.03 199.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 130.52 199.10 Td (by ) Tj ET Q q 0 0 0 rg BT 143.02 199.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (ITEM14. PRINCIP) Tj ET Q q 0 0 0 rg BT 135.09 178.10 Td (AL) Tj ET Q q 0 0 0 rg BT 148.43 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.38 178.10 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 200.20 178.10 Td (ANT) Tj ET Q q 0 0 0 rg BT 221.13 178.10 Td ( FEES ) Tj ET Q q 0 0 0 rg BT 250.59 178.10 Td (AND SER) Tj ET Q q 0 0 0 rg BT 293.85 178.10 Td (VICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 99.25 157.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 139.05 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.75 157.10 Td (Company) Tj ET Q q 0 0 0 rg BT 194.41 157.10 Td (s ) Tj ET Q q 0 0 0 rg BT 199.79 157.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 236.82 157.10 Td (accountant ) Tj ET Q q 0 0 0 rg BT 281.61 157.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 299.19 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.12 157.10 Td (services ) Tj ET Q q 0 0 0 rg BT 348.81 157.10 Td (required ) Tj ET Q q 0 0 0 rg BT 383.61 157.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.09 157.10 Td (Item9\(e\) ) Tj ET Q q 0 0 0 rg BT 433.50 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.32 157.10 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 481.46 157.10 Td (14A) Tj ET Q q 0 0 0 rg BT 498.13 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.61 157.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.65 157.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.57 157.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (under ) Tj ET Q q 0 0 0 rg BT 76.30 145.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 133.68 145.10 Td (Registered ) Tj ET Q q 0 0 0 rg BT 179.98 145.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 208.28 145.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 258.46 145.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 285.88 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.18 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.92 145.10 Td (Company) Tj ET Q q 0 0 0 rg BT 354.59 145.10 Td (s ) Tj ET Q q 0 0 0 rg BT 362.01 145.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 389.43 145.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 432.94 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.13 145.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.11 145.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.11 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.85 145.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 516.82 145.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 553.67 145.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 104.71 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 133.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.82 133.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 183.85 133.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 211.33 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 223.83 133.10 Td (reference.) Tj ET Q endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.70 30.40 Td (101) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 212.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.60 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 292.24 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 305.53 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.46 742.10 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (ITEM15. EXHIBITS ) Tj ET Q q 0 0 0 rg BT 144.47 718.10 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 224.76 718.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 238.75 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 245.22 718.10 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 288.38 718.10 Td ( SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.40 698.17 Td (\(a\) 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 698.17 Td (Thefollowingfinancialstatementsare ) Tj ET Q q 0 0 0 rg BT 268.33 698.17 Td (filedaspartofthisreport:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 683.17 Td (The ) Tj ET Q q 0 0 0 rg BT 128.86 683.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 157.38 683.17 Td (of ) Tj ET Q q 0 0 0 rg BT 167.02 683.17 Td (Independent ) Tj ET Q q 0 0 0 rg BT 217.76 683.17 Td (Registered ) Tj ET Q q 0 0 0 rg BT 261.83 683.17 Td (Public ) Tj ET Q q 0 0 0 rg BT 288.68 683.17 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 336.37 683.17 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 359.63 683.17 Td (the ) Tj ET Q q 0 0 0 rg BT 373.16 683.17 Td (Company) Tj ET Q q 0 0 0 rg BT 415.10 683.17 Td (s ) Tj ET Q q 0 0 0 rg BT 420.03 683.17 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 474.11 683.17 Td (Financial ) Tj ET Q q 0 0 0 rg BT 512.63 683.17 Td (Statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 673.17 Td (the ) Tj ET Q q 0 0 0 rg BT 126.72 673.17 Td (Notes ) Tj ET Q q 0 0 0 rg BT 152.55 673.17 Td (thereto ) Tj ET Q q 0 0 0 rg BT 182.81 673.17 Td (and ) Tj ET Q q 0 0 0 rg BT 199.75 673.17 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 673.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 253.06 673.17 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.54 673.17 Td (data ) Tj ET Q q 0 0 0 rg BT 309.70 673.17 Td (\(unaudited\) ) Tj ET Q q 0 0 0 rg BT 358.29 673.17 Td (are ) Tj ET Q q 0 0 0 rg BT 373.00 673.17 Td (on ) Tj ET Q q 0 0 0 rg BT 385.50 673.17 Td (pages ) Tj ET Q q 0 0 0 rg BT 410.76 673.17 Td (52 ) Tj ET Q q 0 0 0 rg BT 423.26 673.17 Td (through ) Tj ET Q q 0 0 0 rg BT 456.87 673.17 Td (96 ) Tj ET Q q 0 0 0 rg BT 469.37 673.17 Td (of ) Tj ET Q q 0 0 0 rg BT 480.20 673.17 Td (this ) Tj ET Q q 0 0 0 rg BT 497.15 673.17 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.65 650.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 650.17 Td (The ) Tj ET Q q 0 0 0 rg BT 130.05 650.17 Td (following ) Tj ET Q q 0 0 0 rg BT 171.43 650.17 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.91 650.17 Td (statement ) Tj ET Q q 0 0 0 rg BT 249.73 650.17 Td (schedule ) Tj ET Q q 0 0 0 rg BT 287.22 650.17 Td (is ) Tj ET Q q 0 0 0 rg BT 296.39 650.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.21 650.17 Td (as ) Tj ET Q q 0 0 0 rg BT 328.04 650.17 Td (part ) Tj ET Q q 0 0 0 rg BT 346.09 650.17 Td (of ) Tj ET Q q 0 0 0 rg BT 356.92 650.17 Td (this ) Tj ET Q q 0 0 0 rg BT 373.87 650.17 Td (report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 635.17 Td (Schedule II Valuation and Qualifying Accounts is on page 97 of this report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 620.17 Td (All ) Tj ET Q q 0 0 0 rg BT 127.28 620.17 Td (other ) Tj ET Q q 0 0 0 rg BT 150.33 620.17 Td (schedules ) Tj ET Q q 0 0 0 rg BT 191.70 620.17 Td (are ) Tj ET Q q 0 0 0 rg BT 206.41 620.17 Td (omitted ) Tj ET Q q 0 0 0 rg BT 239.46 620.17 Td (as ) Tj ET Q q 0 0 0 rg BT 250.29 620.17 Td (the ) Tj ET Q q 0 0 0 rg BT 265.01 620.17 Td (information ) Tj ET Q q 0 0 0 rg BT 314.72 620.17 Td (is ) Tj ET Q q 0 0 0 rg BT 323.89 620.17 Td (either ) Tj ET Q q 0 0 0 rg BT 349.15 620.17 Td (not ) Tj ET Q q 0 0 0 rg BT 364.43 620.17 Td (applicable ) Tj ET Q q 0 0 0 rg BT 408.02 620.17 Td (or ) Tj ET Q q 0 0 0 rg BT 418.85 620.17 Td (is ) Tj ET Q q 0 0 0 rg BT 428.02 620.17 Td (not ) Tj ET Q q 0 0 0 rg BT 443.30 620.17 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.65 597.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 597.17 Td (The ) Tj ET Q q 0 0 0 rg BT 130.05 597.17 Td (following ) Tj ET Q q 0 0 0 rg BT 171.43 597.17 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 205.60 597.17 Td (are ) Tj ET Q q 0 0 0 rg BT 220.31 597.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 241.13 597.17 Td (as ) Tj ET Q q 0 0 0 rg BT 251.96 597.17 Td (part ) Tj ET Q q 0 0 0 rg BT 270.01 597.17 Td (of ) Tj ET Q q 0 0 0 rg BT 280.84 597.17 Td (this ) Tj ET Q q 0 0 0 rg BT 297.79 597.17 Td (report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 575.17 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 575.17 Td (2006 ) Tj ET Q q 0 0 0 rg BT 134.71 575.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 171.53 575.17 Td (Articles ) Tj ET Q q 0 0 0 rg BT 205.62 575.17 Td (of ) Tj ET Q q 0 0 0 rg BT 216.67 575.17 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 273.80 575.17 Td (\(as ) Tj ET Q q 0 0 0 rg BT 288.17 575.17 Td (corrected ) Tj ET Q q 0 0 0 rg BT 328.08 575.17 Td (December ) Tj ET Q q 0 0 0 rg BT 371.87 575.17 Td (2, ) Tj ET Q q 0 0 0 rg BT 382.08 575.17 Td (201) Tj ET Q q 0 0 0 rg BT 396.90 575.17 Td (1\) ) Tj ET Q q 0 0 0 rg BT 407.75 575.17 Td (of ) Tj ET Q q 0 0 0 rg BT 418.80 575.17 Td (the ) Tj ET Q q 0 0 0 rg BT 433.72 575.17 Td (Registrant. ) Tj ET Q q 0 0 0 rg BT 480.04 575.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 503.31 575.17 Td (as ) Tj ET Q q 0 0 0 rg BT 514.35 575.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 546.50 575.17 Td (3.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 565.17 Td (to ) Tj ET Q q 0 0 0 rg BT 122.50 565.17 Td (the ) Tj ET Q q 0 0 0 rg BT 137.45 565.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 181.60 565.17 Td (s ) Tj ET Q q 0 0 0 rg BT 187.95 565.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 228.99 565.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 258.93 565.17 Td (on ) Tj ET Q q 0 0 0 rg BT 271.66 565.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 296.05 565.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 319.33 565.17 Td (for ) Tj ET Q q 0 0 0 rg BT 333.72 565.17 Td (the ) Tj ET Q q 0 0 0 rg BT 348.66 565.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 379.70 565.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 406.30 565.17 Td (November ) Tj ET Q q 0 0 0 rg BT 451.24 565.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 466.46 565.17 Td (201) Tj ET Q q 0 0 0 rg BT 481.28 565.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 491.32 565.17 Td (and ) Tj ET Q q 0 0 0 rg BT 508.48 565.17 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 555.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.49 555.17 Td (by ) Tj ET Q q 0 0 0 rg BT 151.99 555.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 533.17 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 533.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 149.02 533.17 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 181.60 533.17 Td (of ) Tj ET Q q 0 0 0 rg BT 192.52 533.17 Td (the ) Tj ET Q q 0 0 0 rg BT 207.32 533.17 Td (Registrant. ) Tj ET Q q 0 0 0 rg BT 253.51 533.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 276.65 533.17 Td (as ) Tj ET Q q 0 0 0 rg BT 287.56 533.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 319.59 533.17 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 334.67 533.17 Td (to ) Tj ET Q q 0 0 0 rg BT 345.04 533.17 Td (the ) Tj ET Q q 0 0 0 rg BT 359.84 533.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 404.00 533.17 Td (s ) Tj ET Q q 0 0 0 rg BT 410.20 533.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 443.33 533.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 473.13 533.17 Td (on ) Tj ET Q q 0 0 0 rg BT 485.71 533.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 509.97 533.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 528.10 533.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 549.01 533.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 523.17 Td (December ) Tj ET Q q 0 0 0 rg BT 155.58 523.17 Td (13, ) Tj ET Q q 0 0 0 rg BT 170.58 523.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 195.58 523.17 Td (and ) Tj ET Q q 0 0 0 rg BT 212.52 523.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 265.55 523.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 293.04 523.17 Td (by ) Tj ET Q q 0 0 0 rg BT 305.54 523.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 501.17 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 501.17 Td (Lease ) Tj ET Q q 0 0 0 rg BT 137.13 501.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 185.74 501.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 209.37 501.17 Td (September ) Tj ET Q q 0 0 0 rg BT 254.10 501.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 263.57 501.17 Td (1988, ) Tj ET Q q 0 0 0 rg BT 288.04 501.17 Td (between ) Tj ET Q q 0 0 0 rg BT 323.33 501.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 363.06 501.17 Td (Investment ) Tj ET Q q 0 0 0 rg BT 409.47 501.17 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 433.94 501.17 Td (and ) Tj ET Q q 0 0 0 rg BT 450.35 501.17 Td (the ) Tj ET Q q 0 0 0 rg BT 464.53 501.17 Td (Registrant, ) Tj ET Q q 0 0 0 rg BT 510.11 501.17 Td (as ) Tj ET Q q 0 0 0 rg BT 520.41 501.17 Td (amended, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 491.17 Td (relating ) Tj ET Q q 0 0 0 rg BT 145.83 491.17 Td (to ) Tj ET Q q 0 0 0 rg BT 156.89 491.17 Td (the ) Tj ET Q q 0 0 0 rg BT 172.40 491.17 Td (Portland ) Tj ET Q q 0 0 0 rg BT 209.57 491.17 Td (Metals ) Tj ET Q q 0 0 0 rg BT 240.07 491.17 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 283.90 491.17 Td (operation ) Tj ET Q q 0 0 0 rg BT 324.95 491.17 Td (and ) Tj ET Q q 0 0 0 rg BT 342.67 491.17 Td (which ) Tj ET Q q 0 0 0 rg BT 370.40 491.17 Td (has ) Tj ET Q q 0 0 0 rg BT 387.01 491.17 Td (terminated ) Tj ET Q q 0 0 0 rg BT 433.06 491.17 Td (except ) Tj ET Q q 0 0 0 rg BT 462.44 491.17 Td (for ) Tj ET Q q 0 0 0 rg BT 477.39 491.17 Td (surviving ) Tj ET Q q 0 0 0 rg BT 518.45 491.17 Td (indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 481.17 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 161.35 481.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 184.30 481.17 Td (as ) Tj ET Q q 0 0 0 rg BT 195.04 481.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 226.88 481.17 Td (10.3 ) Tj ET Q q 0 0 0 rg BT 246.79 481.17 Td (to ) Tj ET Q q 0 0 0 rg BT 256.97 481.17 Td (the ) Tj ET Q q 0 0 0 rg BT 271.58 481.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 315.74 481.17 Td (s ) Tj ET Q q 0 0 0 rg BT 321.76 481.17 Td (Registration ) Tj ET Q q 0 0 0 rg BT 373.04 481.17 Td (Statement ) Tj ET Q q 0 0 0 rg BT 415.44 481.17 Td (on ) Tj ET Q q 0 0 0 rg BT 427.84 481.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 451.91 481.17 Td (S-1 ) Tj ET Q q 0 0 0 rg BT 468.21 481.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 488.93 481.17 Td (on ) Tj ET Q q 0 0 0 rg BT 501.34 481.17 Td (September ) Tj ET Q q 0 0 0 rg BT 546.50 481.17 Td (24, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 471.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 134.50 471.17 Td (\(Commission ) Tj ET Q q 0 0 0 rg BT 190.90 471.17 Td (File ) Tj ET Q q 0 0 0 rg BT 208.95 471.17 Td (No. ) Tj ET Q q 0 0 0 rg BT 226.17 471.17 Td (33-69352\), ) Tj ET Q q 0 0 0 rg BT 272.83 471.17 Td (and ) Tj ET Q q 0 0 0 rg BT 289.77 471.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 342.81 471.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 370.29 471.17 Td (by ) Tj ET Q q 0 0 0 rg BT 382.79 471.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 449.17 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 449.17 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 149.69 449.17 Td (and ) Tj ET Q q 0 0 0 rg BT 165.72 449.17 Td (Sale ) Tj ET Q q 0 0 0 rg BT 184.45 449.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 232.69 449.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 255.94 449.17 Td (May ) Tj ET Q q 0 0 0 rg BT 275.86 449.17 Td (4, ) Tj ET Q q 0 0 0 rg BT 284.95 449.17 Td (2005, ) Tj ET Q q 0 0 0 rg BT 309.05 449.17 Td (between ) Tj ET Q q 0 0 0 rg BT 343.95 449.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 383.31 449.17 Td (Investment ) Tj ET Q q 0 0 0 rg BT 429.33 449.17 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 453.43 449.17 Td (and ) Tj ET Q q 0 0 0 rg BT 469.46 449.17 Td (the ) Tj ET Q q 0 0 0 rg BT 483.27 449.17 Td (Registrant, ) Tj ET Q q 0 0 0 rg BT 528.46 449.17 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 439.17 Td (to ) Tj ET Q q 0 0 0 rg BT 122.03 439.17 Td (purchase ) Tj ET Q q 0 0 0 rg BT 159.81 439.17 Td (by ) Tj ET Q q 0 0 0 rg BT 172.06 439.17 Td (the ) Tj ET Q q 0 0 0 rg BT 186.52 439.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 229.87 439.17 Td (of ) Tj ET Q q 0 0 0 rg BT 240.45 439.17 Td (the ) Tj ET Q q 0 0 0 rg BT 254.92 439.17 Td (Portland ) Tj ET Q q 0 0 0 rg BT 291.05 439.17 Td (Metals ) Tj ET Q q 0 0 0 rg BT 320.51 439.17 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 363.30 439.17 Td (operations ) Tj ET Q q 0 0 0 rg BT 407.21 439.17 Td (real ) Tj ET Q q 0 0 0 rg BT 424.44 439.17 Td (estate. ) Tj ET Q q 0 0 0 rg BT 451.95 439.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 474.75 439.17 Td (as ) Tj ET Q q 0 0 0 rg BT 485.33 439.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 517.02 439.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 536.77 439.17 Td (to ) Tj ET Q q 0 0 0 rg BT 546.80 439.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 429.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 156.16 429.17 Td (s ) Tj ET Q q 0 0 0 rg BT 162.27 429.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 195.32 429.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 225.04 429.17 Td (on ) Tj ET Q q 0 0 0 rg BT 237.54 429.17 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 279.76 429.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 300.58 429.17 Td (on ) Tj ET Q q 0 0 0 rg BT 313.08 429.17 Td (May ) Tj ET Q q 0 0 0 rg BT 333.91 429.17 Td (10, ) Tj ET Q q 0 0 0 rg BT 348.91 429.17 Td (2005, ) Tj ET Q q 0 0 0 rg BT 373.91 429.17 Td (and ) Tj ET Q q 0 0 0 rg BT 390.85 429.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 443.88 429.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 471.37 429.17 Td (by ) Tj ET Q q 0 0 0 rg BT 483.87 429.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 407.17 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 407.17 Td (Third ) Tj ET Q q 0 0 0 rg BT 136.52 407.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 177.72 407.17 Td (Shared ) Tj ET Q q 0 0 0 rg BT 208.10 407.17 Td (Services ) Tj ET Q q 0 0 0 rg BT 244.28 407.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 293.53 407.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 317.79 407.17 Td (July ) Tj ET Q q 0 0 0 rg BT 337.06 407.17 Td (26, ) Tj ET Q q 0 0 0 rg BT 352.16 407.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 377.26 407.17 Td (between ) Tj ET Q q 0 0 0 rg BT 413.18 407.17 Td (the ) Tj ET Q q 0 0 0 rg BT 428.00 407.17 Td (Registrant, ) Tj ET Q q 0 0 0 rg BT 474.21 407.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 514.57 407.17 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 397.17 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 137.11 397.17 Td (and ) Tj ET Q q 0 0 0 rg BT 154.16 397.17 Td (Island ) Tj ET Q q 0 0 0 rg BT 181.21 397.17 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 227.70 397.17 Td (Company) Tj ET Q q 0 0 0 rg BT 266.27 397.17 Td (, ) Tj ET Q q 0 0 0 rg BT 271.05 397.17 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 288.93 397.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 312.10 397.17 Td (as ) Tj ET Q q 0 0 0 rg BT 323.04 397.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 355.10 397.17 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 375.21 397.17 Td (to ) Tj ET Q q 0 0 0 rg BT 385.60 397.17 Td (the ) Tj ET Q q 0 0 0 rg BT 400.43 397.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 444.58 397.17 Td (s ) Tj ET Q q 0 0 0 rg BT 450.81 397.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 483.97 397.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 513.80 397.17 Td (on ) Tj ET Q q 0 0 0 rg BT 526.41 397.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 550.69 397.17 Td (8-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 387.17 Td (K ) Tj ET Q q 0 0 0 rg BT 121.72 387.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 142.55 387.17 Td (on ) Tj ET Q q 0 0 0 rg BT 155.05 387.17 Td (July ) Tj ET Q q 0 0 0 rg BT 174.22 387.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 189.22 387.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 214.22 387.17 Td (and ) Tj ET Q q 0 0 0 rg BT 231.16 387.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 284.19 387.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 311.67 387.17 Td (by ) Tj ET Q q 0 0 0 rg BT 324.17 387.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 365.17 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 365.17 Td (Third Amended and Restated Credit Agreement dated as of April 6, 2016 among Schnitzer Steel Industries,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 355.17 Td (Inc., as the US Borrower, and Schnitzer Steel Canada Ltd., as a Canadian Borrower, Bank of America, N.A., as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 345.17 Td (Administrative Agent, and the other Lenders party thereto. Filed as Exhibit 10.1 to the Registrants Quarterly) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 335.17 Td (Report on Form 10-Q for the quarter ended February 29, 2016, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 312.17 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 312.17 Td (Security Agreement dated as of April 6, 2016 among Schnitzer Steel Industries, Inc., the other Grantor's party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 302.17 Td (thereto and Bank of America, N.A., as Administrative Agent. Filed as Exhibit 10.2 to the Registrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 292.17 Td (Quarterly Report on Form 10-Q for the quarter ended February 29, 2016, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 269.17 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 269.17 Td (General Security Agreement dated as of April 6, 2016 between Schnitzer Steel Canada Ltd. and Bank of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 259.17 Td (America, N.A., as Collateral Agent. Filed as Exhibit 10.3 to the Registrants Quarterly Report on Form 10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 249.17 Td (for the quarter ended February 29, 2016, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 227.17 Td (*10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 227.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.38 227.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 195.59 227.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 227.26 227.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 255.33 227.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 278.11 227.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 301.18 227.17 Td (as ) Tj ET Q q 0 0 0 rg BT 311.74 227.17 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 353.13 227.17 Td (A) Tj ET Q q 0 0 0 rg BT 359.80 227.17 Td ( ) Tj ET Q q 0 0 0 rg BT 362.03 227.17 Td (to ) Tj ET Q q 0 0 0 rg BT 372.31 227.17 Td (the ) Tj ET Q q 0 0 0 rg BT 387.04 227.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 431.19 227.17 Td (s ) Tj ET Q q 0 0 0 rg BT 437.04 227.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 468.71 227.17 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 495.11 227.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 524.83 227.17 Td (on ) Tj ET Q q 0 0 0 rg BT 537.33 227.17 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 217.17 Td (DEF ) Tj ET Q q 0 0 0 rg BT 133.39 217.17 Td (14A) Tj ET Q q 0 0 0 rg BT 150.34 217.17 Td ( ) Tj ET Q q 0 0 0 rg BT 152.56 217.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 173.39 217.17 Td (on ) Tj ET Q q 0 0 0 rg BT 185.89 217.17 Td (December ) Tj ET Q q 0 0 0 rg BT 229.47 217.17 Td (17, ) Tj ET Q q 0 0 0 rg BT 244.47 217.17 Td (2014, ) Tj ET Q q 0 0 0 rg BT 269.47 217.17 Td (and ) Tj ET Q q 0 0 0 rg BT 286.41 217.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 339.44 217.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 366.93 217.17 Td (by ) Tj ET Q q 0 0 0 rg BT 379.43 217.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 194.17 Td (*10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 194.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 145.09 194.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 185.95 194.17 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 247.38 194.17 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 271.31 194.17 Td (ef) Tj ET Q q 0 0 0 rg BT 278.99 194.17 Td (fective ) Tj ET Q q 0 0 0 rg BT 309.76 194.17 Td (September ) Tj ET Q q 0 0 0 rg BT 356.17 194.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 367.33 194.17 Td (2006. ) Tj ET Q q 0 0 0 rg BT 393.48 194.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 417.70 194.17 Td (as ) Tj ET Q q 0 0 0 rg BT 429.68 194.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 462.78 194.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 483.93 194.17 Td (to ) Tj ET Q q 0 0 0 rg BT 495.37 194.17 Td (the ) Tj ET Q q 0 0 0 rg BT 511.24 194.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 555.40 194.17 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 184.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 152.82 184.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 182.53 184.17 Td (on ) Tj ET Q q 0 0 0 rg BT 195.03 184.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 219.20 184.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 242.25 184.17 Td (for ) Tj ET Q q 0 0 0 rg BT 256.41 184.17 Td (the ) Tj ET Q q 0 0 0 rg BT 271.13 184.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 301.95 184.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 328.32 184.17 Td (February ) Tj ET Q q 0 0 0 rg BT 366.92 184.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 381.92 184.17 Td (2007, ) Tj ET Q q 0 0 0 rg BT 406.92 184.17 Td (and ) Tj ET Q q 0 0 0 rg BT 423.86 184.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 476.89 184.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 504.38 184.17 Td (by ) Tj ET Q q 0 0 0 rg BT 516.88 184.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 161.17 Td (*10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 161.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 134.48 161.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 159.73 161.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 199.41 161.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 219.66 161.17 Td (of ) Tj ET Q q 0 0 0 rg BT 230.47 161.17 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 161.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 288.74 161.17 Td (as ) Tj ET Q q 0 0 0 rg BT 299.27 161.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 340.35 161.17 Td (and ) Tj ET Q q 0 0 0 rg BT 357.26 161.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 394.17 161.17 Td (on ) Tj ET Q q 0 0 0 rg BT 406.65 161.17 Td (November ) Tj ET Q q 0 0 0 rg BT 451.33 161.17 Td (7, ) Tj ET Q q 0 0 0 rg BT 461.31 161.17 Td (2013. ) Tj ET Q q 0 0 0 rg BT 486.28 161.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 509.31 161.17 Td (as ) Tj ET Q q 0 0 0 rg BT 519.85 161.17 Td (Appendix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 151.17 Td (A) Tj ET Q q 0 0 0 rg BT 118.95 151.17 Td ( ) Tj ET Q q 0 0 0 rg BT 120.18 151.17 Td (to ) Tj ET Q q 0 0 0 rg BT 129.46 151.17 Td (the ) Tj ET Q q 0 0 0 rg BT 143.18 151.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 187.34 151.17 Td (s ) Tj ET Q q 0 0 0 rg BT 192.46 151.17 Td (Definitive ) Tj ET Q q 0 0 0 rg BT 234.51 151.17 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 259.91 151.17 Td (Statement ) Tj ET Q q 0 0 0 rg BT 301.41 151.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 321.24 151.17 Td (on ) Tj ET Q q 0 0 0 rg BT 332.74 151.17 Td (December ) Tj ET Q q 0 0 0 rg BT 375.33 151.17 Td (18, ) Tj ET Q q 0 0 0 rg BT 389.34 151.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 413.35 151.17 Td (and ) Tj ET Q q 0 0 0 rg BT 429.29 151.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 481.33 151.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 507.82 151.17 Td (by ) Tj ET Q q 0 0 0 rg BT 519.33 151.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 125.17 Td (*10.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 125.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.80 125.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.26 125.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 171.16 125.17 Td (Option ) Tj ET Q q 0 0 0 rg BT 200.60 125.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 247.15 125.17 Td (used ) Tj ET Q q 0 0 0 rg BT 267.61 125.17 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 125.17 Td (option ) Tj ET Q q 0 0 0 rg BT 309.08 125.17 Td (grants ) Tj ET Q q 0 0 0 rg BT 335.65 125.17 Td (to ) Tj ET Q q 0 0 0 rg BT 345.55 125.17 Td (employees ) Tj ET Q q 0 0 0 rg BT 390.45 125.17 Td (under ) Tj ET Q q 0 0 0 rg BT 415.34 125.17 Td (the ) Tj ET Q q 0 0 0 rg BT 429.69 125.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 451.81 125.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 476.72 125.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 516.05 125.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 538.46 125.17 Td (Filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 115.17 Td (as ) Tj ET Q q 0 0 0 rg BT 122.76 115.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 154.64 115.17 Td (10.49 ) Tj ET Q q 0 0 0 rg BT 179.57 115.17 Td (to ) Tj ET Q q 0 0 0 rg BT 189.78 115.17 Td (the ) Tj ET Q q 0 0 0 rg BT 204.43 115.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 248.32 115.17 Td (s ) Tj ET Q q 0 0 0 rg BT 254.10 115.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 285.98 115.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 315.63 115.17 Td (on ) Tj ET Q q 0 0 0 rg BT 328.06 115.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 352.16 115.17 Td (10-K ) Tj ET Q q 0 0 0 rg BT 375.15 115.17 Td (for ) Tj ET Q q 0 0 0 rg BT 389.24 115.17 Td (the ) Tj ET Q q 0 0 0 rg BT 403.89 115.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 427.98 115.17 Td (year ) Tj ET Q q 0 0 0 rg BT 447.62 115.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 473.39 115.17 Td (August ) Tj ET Q q 0 0 0 rg BT 504.72 115.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 519.65 115.17 Td (2007, ) Tj ET Q q 0 0 0 rg BT 544.58 115.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 105.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 105.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 105.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 105.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.70 30.40 Td (102) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 212.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.85 722.17 Td (*10.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 722.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.39 722.17 Td (of ) Tj ET Q q 0 0 0 rg BT 145.44 722.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 169.93 722.17 Td (Option ) Tj ET Q q 0 0 0 rg BT 199.32 722.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 245.19 722.17 Td (used ) Tj ET Q q 0 0 0 rg BT 265.24 722.17 Td (for ) Tj ET Q q 0 0 0 rg BT 278.62 722.17 Td (option ) Tj ET Q q 0 0 0 rg BT 305.89 722.17 Td (grants ) Tj ET Q q 0 0 0 rg BT 332.05 722.17 Td (to ) Tj ET Q q 0 0 0 rg BT 341.54 722.17 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 400.46 722.17 Td (directors ) Tj ET Q q 0 0 0 rg BT 437.17 722.17 Td (under ) Tj ET Q q 0 0 0 rg BT 461.65 722.17 Td (the ) Tj ET Q q 0 0 0 rg BT 475.59 722.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 497.30 722.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 521.80 722.17 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 712.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 134.80 712.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 157.88 712.17 Td (as ) Tj ET Q q 0 0 0 rg BT 168.74 712.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 200.70 712.17 Td (10.15 ) Tj ET Q q 0 0 0 rg BT 225.73 712.17 Td (to ) Tj ET Q q 0 0 0 rg BT 236.03 712.17 Td (the ) Tj ET Q q 0 0 0 rg BT 250.77 712.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 294.93 712.17 Td (s ) Tj ET Q q 0 0 0 rg BT 300.78 712.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 332.47 712.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 362.21 712.17 Td (on ) Tj ET Q q 0 0 0 rg BT 374.73 712.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 398.93 712.17 Td (10-K/A) Tj ET Q q 0 0 0 rg BT 429.20 712.17 Td ( ) Tj ET Q q 0 0 0 rg BT 431.45 712.17 Td (for ) Tj ET Q q 0 0 0 rg BT 445.63 712.17 Td (the ) Tj ET Q q 0 0 0 rg BT 460.37 712.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 484.55 712.17 Td (year ) Tj ET Q q 0 0 0 rg BT 504.28 712.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 530.40 712.17 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 702.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 127.00 702.17 Td (2004, ) Tj ET Q q 0 0 0 rg BT 152.00 702.17 Td (and ) Tj ET Q q 0 0 0 rg BT 168.94 702.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 221.97 702.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 249.46 702.17 Td (by ) Tj ET Q q 0 0 0 rg BT 261.96 702.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 679.17 Td (*10.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 679.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 137.12 679.17 Td (of ) Tj ET Q q 0 0 0 rg BT 148.90 679.17 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 187.88 679.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 214.11 679.17 Td (Unit ) Tj ET Q q 0 0 0 rg BT 234.86 679.17 Td (A) Tj ET Q q 0 0 0 rg BT 241.35 679.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.84 679.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 311.44 679.17 Td (under ) Tj ET Q q 0 0 0 rg BT 337.66 679.17 Td (the ) Tj ET Q q 0 0 0 rg BT 353.33 679.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 376.79 679.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 403.02 679.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 443.67 679.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 464.90 679.17 Td (used ) Tj ET Q q 0 0 0 rg BT 486.68 679.17 Td (for ) Tj ET Q q 0 0 0 rg BT 501.79 679.17 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 669.17 Td (directors. ) Tj ET Q q 0 0 0 rg BT 153.18 669.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 177.43 669.17 Td (as ) Tj ET Q q 0 0 0 rg BT 189.46 669.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 222.60 669.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 243.79 669.17 Td (to ) Tj ET Q q 0 0 0 rg BT 255.27 669.17 Td (the ) Tj ET Q q 0 0 0 rg BT 271.18 669.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 315.34 669.17 Td (s ) Tj ET Q q 0 0 0 rg BT 322.65 669.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 356.89 669.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 387.80 669.17 Td (on ) Tj ET Q q 0 0 0 rg BT 401.50 669.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 426.86 669.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 446.11 669.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 468.13 669.17 Td (on ) Tj ET Q q 0 0 0 rg BT 481.82 669.17 Td (July ) Tj ET Q q 0 0 0 rg BT 502.19 669.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 518.38 669.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 544.58 669.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 659.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 659.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 659.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 659.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 636.17 Td (*10.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 636.17 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 149.11 636.17 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 208.46 636.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 227.81 636.17 Td (for ) Tj ET Q q 0 0 0 rg BT 241.05 636.17 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 303.73 636.17 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 345.01 636.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 367.15 636.17 Td (as ) Tj ET Q q 0 0 0 rg BT 377.06 636.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 408.08 636.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 427.16 636.17 Td (to ) Tj ET Q q 0 0 0 rg BT 436.51 636.17 Td (the ) Tj ET Q q 0 0 0 rg BT 450.31 636.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 494.47 636.17 Td (s ) Tj ET Q q 0 0 0 rg BT 499.66 636.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 531.79 636.17 Td (Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 626.17 Td (on ) Tj ET Q q 0 0 0 rg BT 124.50 626.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 148.67 626.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 166.72 626.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 187.55 626.17 Td (on ) Tj ET Q q 0 0 0 rg BT 200.05 626.17 Td (July ) Tj ET Q q 0 0 0 rg BT 219.22 626.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 234.22 626.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 259.22 626.17 Td (and ) Tj ET Q q 0 0 0 rg BT 276.16 626.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 329.19 626.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 356.67 626.17 Td (by ) Tj ET Q q 0 0 0 rg BT 369.17 626.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 603.17 Td (*10.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 603.17 Td (Summary Sheet for 2016 Non-Employee Director Compensation. Filed as Exhibit 10.4 to the Registrant's) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 593.17 Td (Quarterly Report on Form 10-Q for the quarter ended February 29, 2016, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 570.17 Td (*10.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 570.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 154.07 570.17 Td (and ) Tj ET Q q 0 0 0 rg BT 171.70 570.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 209.32 570.17 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 267.50 570.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 310.67 570.17 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 358.29 570.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 387.05 570.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 408.02 570.17 Td (of ) Tj ET Q q 0 0 0 rg BT 419.54 570.17 Td (the ) Tj ET Q q 0 0 0 rg BT 434.94 570.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 479.24 570.17 Td (ef) Tj ET Q q 0 0 0 rg BT 486.92 570.17 Td (fective ) Tj ET Q q 0 0 0 rg BT 517.22 570.17 Td (January ) Tj ET Q q 0 0 0 rg BT 551.51 570.17 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 560.17 Td (2009. ) Tj ET Q q 0 0 0 rg BT 137.63 560.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 161.31 560.17 Td (as ) Tj ET Q q 0 0 0 rg BT 172.76 560.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 205.33 560.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 225.96 560.17 Td (to ) Tj ET Q q 0 0 0 rg BT 236.86 560.17 Td (the ) Tj ET Q q 0 0 0 rg BT 252.20 560.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 296.36 560.17 Td (s ) Tj ET Q q 0 0 0 rg BT 303.10 560.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 344.54 560.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 374.88 560.17 Td (on ) Tj ET Q q 0 0 0 rg BT 388.01 560.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 412.80 560.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 436.48 560.17 Td (for ) Tj ET Q q 0 0 0 rg BT 451.26 560.17 Td (the ) Tj ET Q q 0 0 0 rg BT 466.60 560.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 498.04 560.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 525.05 560.17 Td (May ) Tj ET Q q 0 0 0 rg BT 546.50 560.17 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 550.17 Td (2009, ) Tj ET Q q 0 0 0 rg BT 137.00 550.17 Td (and ) Tj ET Q q 0 0 0 rg BT 153.94 550.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 206.97 550.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 234.46 550.17 Td (by ) Tj ET Q q 0 0 0 rg BT 246.96 550.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 527.17 Td (*10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 527.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.39 527.17 Td (of ) Tj ET Q q 0 0 0 rg BT 145.44 527.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 177.70 527.17 Td (in ) Tj ET Q q 0 0 0 rg BT 187.20 527.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 219.48 527.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 262.17 527.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.04 527.17 Td (between ) Tj ET Q q 0 0 0 rg BT 343.08 527.17 Td (the ) Tj ET Q q 0 0 0 rg BT 357.01 527.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 399.83 527.17 Td (and ) Tj ET Q q 0 0 0 rg BT 415.99 527.17 Td (executive ) Tj ET Q q 0 0 0 rg BT 456.02 527.17 Td (of) Tj ET Q q 0 0 0 rg BT 464.26 527.17 Td (ficers ) Tj ET Q q 0 0 0 rg BT 488.10 527.17 Td (other ) Tj ET Q q 0 0 0 rg BT 510.36 527.17 Td (than ) Tj ET Q q 0 0 0 rg BT 529.26 527.17 Td (T) Tj ET Q q 0 0 0 rg BT 534.93 527.17 Td (amara ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 517.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 122.89 517.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 164.05 517.17 Td (and ) Tj ET Q q 0 0 0 rg BT 180.77 517.17 Td (used ) Tj ET Q q 0 0 0 rg BT 201.38 517.17 Td (for ) Tj ET Q q 0 0 0 rg BT 215.33 517.17 Td (agreements ) Tj ET Q q 0 0 0 rg BT 263.14 517.17 Td (entered ) Tj ET Q q 0 0 0 rg BT 294.85 517.17 Td (into ) Tj ET Q q 0 0 0 rg BT 312.69 517.17 Td (prior ) Tj ET Q q 0 0 0 rg BT 334.41 517.17 Td (to ) Tj ET Q q 0 0 0 rg BT 344.47 517.17 Td (201) Tj ET Q q 0 0 0 rg BT 359.29 517.17 Td (1. ) Tj ET Q q 0 0 0 rg BT 368.88 517.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 391.72 517.17 Td (as ) Tj ET Q q 0 0 0 rg BT 402.33 517.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 434.06 517.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 453.84 517.17 Td (to ) Tj ET Q q 0 0 0 rg BT 463.90 517.17 Td (the ) Tj ET Q q 0 0 0 rg BT 478.40 517.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 522.56 517.17 Td (s ) Tj ET Q q 0 0 0 rg BT 528.46 517.17 Td (Current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 507.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.72 507.17 Td (on ) Tj ET Q q 0 0 0 rg BT 154.22 507.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 178.39 507.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 196.44 507.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 217.26 507.17 Td (on ) Tj ET Q q 0 0 0 rg BT 229.76 507.17 Td (May ) Tj ET Q q 0 0 0 rg BT 250.59 507.17 Td (5, ) Tj ET Q q 0 0 0 rg BT 260.59 507.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 285.59 507.17 Td (and ) Tj ET Q q 0 0 0 rg BT 302.53 507.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 355.56 507.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 383.05 507.17 Td (by ) Tj ET Q q 0 0 0 rg BT 395.55 507.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 484.17 Td (*10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 484.17 Td (Form of Change in Control Severance Agreement between the Registrant and executive officers and used for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 474.17 Td (agreements entered into between 2011 and 2014. Filed as Exhibit 10.19 to the Registrant's Annual Report on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 464.17 Td (Form 10-K filed October 29, 2013 and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 441.17 Td (*10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 441.17 Td (Form of Change in Control Severance Agreement between the Registrant and executive officers and used for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 431.17 Td (agreements entered into after 2014. Filed as Exhibit 10.16 to the Registrant's Annual Report on Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 421.17 Td (filed October 27, 2015, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 397.17 Td (*10.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 397.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.70 397.17 Td (and ) Tj ET Q q 0 0 0 rg BT 170.96 397.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 208.22 397.17 Td (Employment ) Tj ET Q q 0 0 0 rg BT 262.35 397.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 309.32 397.17 Td (by ) Tj ET Q q 0 0 0 rg BT 322.14 397.17 Td (and ) Tj ET Q q 0 0 0 rg BT 339.40 397.17 Td (between ) Tj ET Q q 0 0 0 rg BT 375.54 397.17 Td (the ) Tj ET Q q 0 0 0 rg BT 390.58 397.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 434.51 397.17 Td (and ) Tj ET Q q 0 0 0 rg BT 451.65 397.17 Td (T) Tj ET Q q 0 0 0 rg BT 457.32 397.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 484.22 397.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 495.65 397.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 537.35 397.17 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 387.17 Td (October ) Tj ET Q q 0 0 0 rg BT 147.16 387.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 162.62 387.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 188.07 387.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 211.58 387.17 Td (as ) Tj ET Q q 0 0 0 rg BT 222.86 387.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 255.26 387.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 275.72 387.17 Td (to ) Tj ET Q q 0 0 0 rg BT 286.45 387.17 Td (the ) Tj ET Q q 0 0 0 rg BT 301.62 387.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 345.78 387.17 Td (s ) Tj ET Q q 0 0 0 rg BT 352.35 387.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 385.85 387.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 416.02 387.17 Td (on ) Tj ET Q q 0 0 0 rg BT 428.97 387.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 453.60 387.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 472.10 387.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 493.38 387.17 Td (on ) Tj ET Q q 0 0 0 rg BT 506.34 387.17 Td (November ) Tj ET Q q 0 0 0 rg BT 551.50 387.17 Td (4, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 377.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 137.00 377.17 Td (and ) Tj ET Q q 0 0 0 rg BT 153.94 377.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 206.97 377.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 234.46 377.17 Td (by ) Tj ET Q q 0 0 0 rg BT 246.96 377.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 354.17 Td (*10.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 354.17 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 164.27 354.17 Td (No. ) Tj ET Q q 0 0 0 rg BT 181.83 354.17 Td (1 ) Tj ET Q q 0 0 0 rg BT 189.67 354.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 214.16 354.17 Td (June ) Tj ET Q q 0 0 0 rg BT 235.33 354.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 250.67 354.17 Td (201) Tj ET Q q 0 0 0 rg BT 265.49 354.17 Td (1 ) Tj ET Q q 0 0 0 rg BT 273.14 354.17 Td (to ) Tj ET Q q 0 0 0 rg BT 283.40 354.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 324.84 354.17 Td (and ) Tj ET Q q 0 0 0 rg BT 342.12 354.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 379.39 354.17 Td (Employment ) Tj ET Q q 0 0 0 rg BT 433.54 354.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 480.53 354.17 Td (by ) Tj ET Q q 0 0 0 rg BT 493.37 354.17 Td (and ) Tj ET Q q 0 0 0 rg BT 510.64 354.17 Td (between ) Tj ET Q q 0 0 0 rg BT 546.80 354.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 344.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 155.83 344.17 Td (and ) Tj ET Q q 0 0 0 rg BT 172.88 344.17 Td (T) Tj ET Q q 0 0 0 rg BT 178.55 344.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 205.35 344.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 216.68 344.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 258.28 344.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 282.65 344.17 Td (October ) Tj ET Q q 0 0 0 rg BT 317.58 344.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 332.80 344.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 358.03 344.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 381.31 344.17 Td (as ) Tj ET Q q 0 0 0 rg BT 392.36 344.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 424.52 344.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 444.75 344.17 Td (to ) Tj ET Q q 0 0 0 rg BT 455.25 344.17 Td (the ) Tj ET Q q 0 0 0 rg BT 470.18 344.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 514.34 344.17 Td (s ) Tj ET Q q 0 0 0 rg BT 520.68 344.17 Td (Quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 334.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.72 334.17 Td (on ) Tj ET Q q 0 0 0 rg BT 154.22 334.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 178.39 334.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 201.44 334.17 Td (for ) Tj ET Q q 0 0 0 rg BT 215.60 334.17 Td (the ) Tj ET Q q 0 0 0 rg BT 230.32 334.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 261.13 334.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 287.51 334.17 Td (May ) Tj ET Q q 0 0 0 rg BT 308.34 334.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.34 334.17 Td (201) Tj ET Q q 0 0 0 rg BT 338.15 334.17 Td (1 ) Tj ET Q q 0 0 0 rg BT 345.47 334.17 Td (and ) Tj ET Q q 0 0 0 rg BT 362.41 334.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 415.44 334.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 442.92 334.17 Td (by ) Tj ET Q q 0 0 0 rg BT 455.42 334.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 311.17 Td (*10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 311.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.66 311.17 Td (and ) Tj ET Q q 0 0 0 rg BT 170.88 311.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 208.10 311.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 241.42 311.17 Td (in ) Tj ET Q q 0 0 0 rg BT 251.99 311.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 285.32 311.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 328.85 311.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 375.78 311.17 Td (by ) Tj ET Q q 0 0 0 rg BT 388.56 311.17 Td (and ) Tj ET Q q 0 0 0 rg BT 405.79 311.17 Td (between ) Tj ET Q q 0 0 0 rg BT 441.88 311.17 Td (the ) Tj ET Q q 0 0 0 rg BT 456.88 311.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 500.77 311.17 Td (and ) Tj ET Q q 0 0 0 rg BT 517.88 311.17 Td (T) Tj ET Q q 0 0 0 rg BT 523.55 311.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 550.40 311.17 Td (L. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 301.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 153.23 301.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 177.24 301.17 Td (October ) Tj ET Q q 0 0 0 rg BT 211.80 301.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 226.65 301.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 251.51 301.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 274.42 301.17 Td (as ) Tj ET Q q 0 0 0 rg BT 285.10 301.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 316.90 301.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 336.75 301.17 Td (to ) Tj ET Q q 0 0 0 rg BT 346.88 301.17 Td (the ) Tj ET Q q 0 0 0 rg BT 361.45 301.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 405.61 301.17 Td (s ) Tj ET Q q 0 0 0 rg BT 411.58 301.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 444.48 301.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 474.05 301.17 Td (on ) Tj ET Q q 0 0 0 rg BT 486.40 301.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 510.43 301.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 528.33 301.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 549.01 301.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 291.17 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 291.17 Td (4, ) Tj ET Q q 0 0 0 rg BT 166.71 291.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 191.71 291.17 Td (and ) Tj ET Q q 0 0 0 rg BT 208.65 291.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 261.68 291.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 289.16 291.17 Td (by ) Tj ET Q q 0 0 0 rg BT 301.66 291.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 268.17 Td (*10.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 268.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 152.51 268.17 Td (and ) Tj ET Q q 0 0 0 rg BT 168.58 268.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 204.65 268.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 236.83 268.17 Td (in ) Tj ET Q q 0 0 0 rg BT 246.24 268.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 278.42 268.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 321.06 268.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 366.84 268.17 Td (by ) Tj ET Q q 0 0 0 rg BT 378.47 268.17 Td (and ) Tj ET Q q 0 0 0 rg BT 394.54 268.17 Td (between ) Tj ET Q q 0 0 0 rg BT 429.49 268.17 Td (the ) Tj ET Q q 0 0 0 rg BT 443.34 268.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 486.07 268.17 Td (and ) Tj ET Q q 0 0 0 rg BT 502.14 268.17 Td (John ) Tj ET Q q 0 0 0 rg BT 522.67 268.17 Td (D. ) Tj ET Q q 0 0 0 rg BT 534.02 268.17 Td (Carter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 258.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 135.82 258.17 Td (October ) Tj ET Q q 0 0 0 rg BT 170.20 258.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 184.87 258.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 209.53 258.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 232.26 258.17 Td (as ) Tj ET Q q 0 0 0 rg BT 242.76 258.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 274.37 258.17 Td (10.4 ) Tj ET Q q 0 0 0 rg BT 294.04 258.17 Td (to ) Tj ET Q q 0 0 0 rg BT 303.98 258.17 Td (the ) Tj ET Q q 0 0 0 rg BT 318.37 258.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 362.52 258.17 Td (s ) Tj ET Q q 0 0 0 rg BT 368.31 258.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 401.02 258.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 430.41 258.17 Td (on ) Tj ET Q q 0 0 0 rg BT 442.58 258.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 466.41 258.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 484.13 258.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 504.63 258.17 Td (on ) Tj ET Q q 0 0 0 rg BT 516.79 258.17 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 248.17 Td (4, ) Tj ET Q q 0 0 0 rg BT 122.00 248.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 147.00 248.17 Td (and ) Tj ET Q q 0 0 0 rg BT 163.94 248.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 216.97 248.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 244.46 248.17 Td (by ) Tj ET Q q 0 0 0 rg BT 256.96 248.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 225.17 Td (*10.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 225.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.38 225.17 Td (of ) Tj ET Q q 0 0 0 rg BT 147.43 225.17 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 213.69 225.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 260.55 225.17 Td (for ) Tj ET Q q 0 0 0 rg BT 274.93 225.17 Td (Directors ) Tj ET Q q 0 0 0 rg BT 314.85 225.17 Td (and ) Tj ET Q q 0 0 0 rg BT 332.00 225.17 Td (certain ) Tj ET Q q 0 0 0 rg BT 361.92 225.17 Td (of) Tj ET Q q 0 0 0 rg BT 370.16 225.17 Td (ficers ) Tj ET Q q 0 0 0 rg BT 394.99 225.17 Td (used ) Tj ET Q q 0 0 0 rg BT 416.03 225.17 Td (for ) Tj ET Q q 0 0 0 rg BT 430.41 225.17 Td (agreements ) Tj ET Q q 0 0 0 rg BT 478.66 225.17 Td (entered ) Tj ET Q q 0 0 0 rg BT 510.80 225.17 Td (into ) Tj ET Q q 0 0 0 rg BT 529.07 225.17 Td (prior ) Tj ET Q q 0 0 0 rg BT 551.22 225.17 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 215.17 Td (2016. ) Tj ET Q q 0 0 0 rg BT 136.13 215.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 158.32 215.17 Td (as ) Tj ET Q q 0 0 0 rg BT 168.28 215.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 199.35 215.17 Td (10.3 ) Tj ET Q q 0 0 0 rg BT 218.48 215.17 Td (to ) Tj ET Q q 0 0 0 rg BT 227.89 215.17 Td (the ) Tj ET Q q 0 0 0 rg BT 241.73 215.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 285.89 215.17 Td (s ) Tj ET Q q 0 0 0 rg BT 291.14 215.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 323.31 215.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 352.16 215.17 Td (on ) Tj ET Q q 0 0 0 rg BT 363.79 215.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 387.09 215.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 404.27 215.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 424.23 215.17 Td (on ) Tj ET Q q 0 0 0 rg BT 435.86 215.17 Td (July ) Tj ET Q q 0 0 0 rg BT 454.16 215.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 468.29 215.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 492.42 215.17 Td (and ) Tj ET Q q 0 0 0 rg BT 508.49 215.17 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 205.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.49 205.17 Td (by ) Tj ET Q q 0 0 0 rg BT 151.99 205.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 183.17 Td (*10.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 183.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.47 183.17 Td (of ) Tj ET Q q 0 0 0 rg BT 145.59 183.17 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 211.13 183.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 257.08 183.17 Td (for ) Tj ET Q q 0 0 0 rg BT 270.53 183.17 Td (Directors ) Tj ET Q q 0 0 0 rg BT 309.54 183.17 Td (and ) Tj ET Q q 0 0 0 rg BT 325.77 183.17 Td (certain ) Tj ET Q q 0 0 0 rg BT 354.77 183.17 Td (of) Tj ET Q q 0 0 0 rg BT 363.01 183.17 Td (ficers ) Tj ET Q q 0 0 0 rg BT 386.92 183.17 Td (used ) Tj ET Q q 0 0 0 rg BT 407.05 183.17 Td (for ) Tj ET Q q 0 0 0 rg BT 420.50 183.17 Td (agreements ) Tj ET Q q 0 0 0 rg BT 467.83 183.17 Td (entered ) Tj ET Q q 0 0 0 rg BT 499.05 183.17 Td (into ) Tj ET Q q 0 0 0 rg BT 516.40 183.17 Td (after ) Tj ET Q q 0 0 0 rg BT 536.52 183.17 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 173.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 135.71 173.17 Td (as ) Tj ET Q q 0 0 0 rg BT 147.20 173.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 179.80 173.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 200.45 173.17 Td (to ) Tj ET Q q 0 0 0 rg BT 211.39 173.17 Td (the ) Tj ET Q q 0 0 0 rg BT 226.76 173.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 270.92 173.17 Td (s ) Tj ET Q q 0 0 0 rg BT 277.69 173.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 311.39 173.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 341.76 173.17 Td (on ) Tj ET Q q 0 0 0 rg BT 354.92 173.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 379.75 173.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 398.45 173.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 419.93 173.17 Td (on ) Tj ET Q q 0 0 0 rg BT 433.09 173.17 Td (May ) Tj ET Q q 0 0 0 rg BT 454.58 173.17 Td (3, ) Tj ET Q q 0 0 0 rg BT 465.23 173.17 Td (2016, ) Tj ET Q q 0 0 0 rg BT 490.89 173.17 Td (and ) Tj ET Q q 0 0 0 rg BT 508.48 173.17 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 163.22 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.49 163.22 Td (by ) Tj ET Q q 0 0 0 rg BT 151.99 163.22 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 144.17 Td (*10.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 144.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.86 144.17 Td (and ) Tj ET Q q 0 0 0 rg BT 171.28 144.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 208.70 144.17 Td (Employment ) Tj ET Q q 0 0 0 rg BT 262.96 144.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 310.09 144.17 Td (by ) Tj ET Q q 0 0 0 rg BT 323.07 144.17 Td (and ) Tj ET Q q 0 0 0 rg BT 340.49 144.17 Td (between ) Tj ET Q q 0 0 0 rg BT 376.79 144.17 Td (the ) Tj ET Q q 0 0 0 rg BT 391.99 144.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 436.07 144.17 Td (and ) Tj ET Q q 0 0 0 rg BT 453.49 144.17 Td (John ) Tj ET Q q 0 0 0 rg BT 475.37 144.17 Td (D. ) Tj ET Q q 0 0 0 rg BT 488.07 144.17 Td (Carter ) Tj ET Q q 0 0 0 rg BT 516.04 144.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 540.68 144.17 Td (June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 134.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 126.82 134.17 Td (201) Tj ET Q q 0 0 0 rg BT 141.64 134.17 Td (1. ) Tj ET Q q 0 0 0 rg BT 151.27 134.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 174.15 134.17 Td (as ) Tj ET Q q 0 0 0 rg BT 184.80 134.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 216.57 134.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 236.39 134.17 Td (to ) Tj ET Q q 0 0 0 rg BT 246.49 134.17 Td (the ) Tj ET Q q 0 0 0 rg BT 261.03 134.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 305.19 134.17 Td (s ) Tj ET Q q 0 0 0 rg BT 311.12 134.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 351.76 134.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 381.30 134.17 Td (on ) Tj ET Q q 0 0 0 rg BT 393.62 134.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 417.61 134.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 440.49 134.17 Td (for ) Tj ET Q q 0 0 0 rg BT 454.47 134.17 Td (the ) Tj ET Q q 0 0 0 rg BT 469.01 134.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 499.64 134.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 525.84 134.17 Td (May ) Tj ET Q q 0 0 0 rg BT 546.49 134.17 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 124.17 Td (201) Tj ET Q q 0 0 0 rg BT 126.81 124.17 Td (1 ) Tj ET Q q 0 0 0 rg BT 134.13 124.17 Td (and ) Tj ET Q q 0 0 0 rg BT 151.07 124.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 204.10 124.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 231.58 124.17 Td (by ) Tj ET Q q 0 0 0 rg BT 244.08 124.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 101.17 Td (*10.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 101.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.13 101.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.93 101.17 Td (Non-Statutory ) Tj ET Q q 0 0 0 rg BT 206.61 101.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 231.85 101.17 Td (Option ) Tj ET Q q 0 0 0 rg BT 261.55 101.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.44 101.17 Td (used ) Tj ET Q q 0 0 0 rg BT 329.24 101.17 Td (for ) Tj ET Q q 0 0 0 rg BT 343.36 101.17 Td (premium-priced ) Tj ET Q q 0 0 0 rg BT 410.25 101.17 Td (option ) Tj ET Q q 0 0 0 rg BT 438.27 101.17 Td (grants ) Tj ET Q q 0 0 0 rg BT 465.17 101.17 Td (to ) Tj ET Q q 0 0 0 rg BT 475.41 101.17 Td (executive ) Tj ET Q q 0 0 0 rg BT 516.19 101.17 Td (of) Tj ET Q q 0 0 0 rg BT 524.34 101.17 Td (ficers ) Tj ET Q q 0 0 0 rg BT 549.01 101.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 91.17 Td (August ) Tj ET Q q 0 0 0 rg BT 143.06 91.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 157.73 91.17 Td (2012 ) Tj ET Q q 0 0 0 rg BT 179.89 91.17 Td (under ) Tj ET Q q 0 0 0 rg BT 204.83 91.17 Td (the ) Tj ET Q q 0 0 0 rg BT 219.21 91.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 241.38 91.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 266.32 91.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 305.69 91.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 328.14 91.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 350.86 91.17 Td (as ) Tj ET Q q 0 0 0 rg BT 361.36 91.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 392.97 91.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 412.64 91.17 Td (to ) Tj ET Q q 0 0 0 rg BT 422.58 91.17 Td (the ) Tj ET Q q 0 0 0 rg BT 436.97 91.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 480.85 91.17 Td (s ) Tj ET Q q 0 0 0 rg BT 486.91 91.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 519.62 91.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 549.00 91.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 81.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.17 81.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 154.22 81.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 175.05 81.17 Td (on ) Tj ET Q q 0 0 0 rg BT 187.00 81.17 Td (August ) Tj ET Q q 0 0 0 rg BT 218.39 81.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 233.39 81.17 Td (2012, ) Tj ET Q q 0 0 0 rg BT 258.39 81.17 Td (and ) Tj ET Q q 0 0 0 rg BT 275.33 81.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 328.36 81.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 355.84 81.17 Td (by ) Tj ET Q q 0 0 0 rg BT 368.34 81.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.70 30.40 Td (103) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 212.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 722.17 Td (*10.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 722.17 Td (Form of Restricted Stock Unit Award Agreement used for award to chief executive officer on August 30, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 712.17 Td (under the 1993 Stock Incentive Plan. Filed as Exhibit 10.3 to the Registrants Current Report on Form 8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 702.17 Td (filed on August 31, 2012, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 680.17 Td (*10.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 680.17 Td (Form of Restricted Stock Unit Award Agreement under the 1993 Stock Incentive Plan used for award to chief) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 670.17 Td (executive officer on October 28, 2015. Filed as Exhibit 10.1 to the Registrants Quarterly Report on Form 10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 660.17 Td (Q for the quarter ended November 30, 2015 and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 638.17 Td (*10.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 638.17 Td (Form of Restricted Stock Unit Award Agreement under the 1993 Stock Incentive Plan used for awards granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 628.17 Td (prior to fiscal 2013. Filed as Exhibit 10.6 to the Registrants Quarterly Report on Form 10-Q for the quarterly) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 618.17 Td (period ended November 30, 2008 and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 595.17 Td (*10.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 595.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.51 595.17 Td (of ) Tj ET Q q 0 0 0 rg BT 147.68 595.17 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 191.06 595.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 216.67 595.17 Td (Unit ) Tj ET Q q 0 0 0 rg BT 236.94 595.17 Td (A) Tj ET Q q 0 0 0 rg BT 243.43 595.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 265.45 595.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 312.43 595.17 Td (under ) Tj ET Q q 0 0 0 rg BT 338.04 595.17 Td (the ) Tj ET Q q 0 0 0 rg BT 353.09 595.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 375.93 595.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 401.55 595.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 441.59 595.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 462.21 595.17 Td (used ) Tj ET Q q 0 0 0 rg BT 483.38 595.17 Td (for ) Tj ET Q q 0 0 0 rg BT 497.87 595.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 529.03 595.17 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 585.17 Td (after ) Tj ET Q q 0 0 0 rg BT 133.12 585.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 157.57 585.17 Td (2012 ) Tj ET Q q 0 0 0 rg BT 180.38 585.17 Td (through ) Tj ET Q q 0 0 0 rg BT 214.29 585.17 Td (the ) Tj ET Q q 0 0 0 rg BT 229.30 585.17 Td (first ) Tj ET Q q 0 0 0 rg BT 248.21 585.17 Td (half ) Tj ET Q q 0 0 0 rg BT 266.56 585.17 Td (of ) Tj ET Q q 0 0 0 rg BT 277.70 585.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 302.15 585.17 Td (2016. ) Tj ET Q q 0 0 0 rg BT 327.45 585.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 350.81 585.17 Td (as ) Tj ET Q q 0 0 0 rg BT 361.94 585.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 394.19 585.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 414.49 585.17 Td (to ) Tj ET Q q 0 0 0 rg BT 425.07 585.17 Td (the ) Tj ET Q q 0 0 0 rg BT 440.09 585.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 484.25 585.17 Td (s ) Tj ET Q q 0 0 0 rg BT 490.67 585.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 531.78 585.17 Td (Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 575.17 Td (on ) Tj ET Q q 0 0 0 rg BT 124.50 575.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 148.67 575.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 171.72 575.17 Td (for ) Tj ET Q q 0 0 0 rg BT 185.88 575.17 Td (the ) Tj ET Q q 0 0 0 rg BT 200.60 575.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 239.19 575.17 Td (period ) Tj ET Q q 0 0 0 rg BT 267.24 575.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 293.62 575.17 Td (November ) Tj ET Q q 0 0 0 rg BT 338.32 575.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 353.32 575.17 Td (2012 ) Tj ET Q q 0 0 0 rg BT 375.82 575.17 Td (and ) Tj ET Q q 0 0 0 rg BT 392.76 575.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 445.79 575.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 473.28 575.17 Td (by ) Tj ET Q q 0 0 0 rg BT 485.78 575.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 552.17 Td (*10.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 552.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.51 552.17 Td (of ) Tj ET Q q 0 0 0 rg BT 147.68 552.17 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 191.06 552.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 216.67 552.17 Td (Unit ) Tj ET Q q 0 0 0 rg BT 236.94 552.17 Td (A) Tj ET Q q 0 0 0 rg BT 243.43 552.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 265.45 552.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 312.43 552.17 Td (under ) Tj ET Q q 0 0 0 rg BT 338.04 552.17 Td (the ) Tj ET Q q 0 0 0 rg BT 353.09 552.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 375.93 552.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 401.55 552.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 441.59 552.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 462.21 552.17 Td (used ) Tj ET Q q 0 0 0 rg BT 483.38 552.17 Td (for ) Tj ET Q q 0 0 0 rg BT 497.87 552.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 529.03 552.17 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 542.17 Td (after ) Tj ET Q q 0 0 0 rg BT 132.56 542.17 Td (the ) Tj ET Q q 0 0 0 rg BT 147.02 542.17 Td (first ) Tj ET Q q 0 0 0 rg BT 165.37 542.17 Td (half ) Tj ET Q q 0 0 0 rg BT 183.16 542.17 Td (of ) Tj ET Q q 0 0 0 rg BT 193.74 542.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 217.63 542.17 Td (2016. ) Tj ET Q q 0 0 0 rg BT 242.38 542.17 Td ( ) Tj ET Q q 0 0 0 rg BT 244.62 542.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 267.42 542.17 Td (as ) Tj ET Q q 0 0 0 rg BT 278.00 542.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.68 542.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 329.43 542.17 Td (to ) Tj ET Q q 0 0 0 rg BT 339.45 542.17 Td (the ) Tj ET Q q 0 0 0 rg BT 353.91 542.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 398.07 542.17 Td (s ) Tj ET Q q 0 0 0 rg BT 403.93 542.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 444.49 542.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 473.95 542.17 Td (on ) Tj ET Q q 0 0 0 rg BT 486.19 542.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 510.10 542.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 532.90 542.17 Td (for ) Tj ET Q q 0 0 0 rg BT 546.80 542.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 532.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 142.82 532.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 169.19 532.17 Td (May ) Tj ET Q q 0 0 0 rg BT 190.02 532.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 205.02 532.17 Td (2016 ) Tj ET Q q 0 0 0 rg BT 227.52 532.17 Td (and ) Tj ET Q q 0 0 0 rg BT 244.46 532.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 297.49 532.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 324.98 532.17 Td (by ) Tj ET Q q 0 0 0 rg BT 337.48 532.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 509.17 Td (*10.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 509.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 509.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 509.17 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.68 509.17 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 509.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.34 509.17 Td (A) Tj ET Q q 0 0 0 rg BT 239.83 509.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.38 509.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 509.17 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 509.17 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 509.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 509.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 509.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 509.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 509.17 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 509.17 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 509.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 509.17 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 509.17 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 499.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 135.44 499.17 Td (2014. ) Tj ET Q q 0 0 0 rg BT 159.72 499.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 182.06 499.17 Td (as ) Tj ET Q q 0 0 0 rg BT 192.18 499.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 223.40 499.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 242.69 499.17 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 499.17 Td (the ) Tj ET Q q 0 0 0 rg BT 266.25 499.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 310.41 499.17 Td (s ) Tj ET Q q 0 0 0 rg BT 315.81 499.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 355.91 499.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 384.91 499.17 Td (on ) Tj ET Q q 0 0 0 rg BT 396.69 499.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.14 499.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 442.48 499.17 Td (for ) Tj ET Q q 0 0 0 rg BT 455.92 499.17 Td (the ) Tj ET Q q 0 0 0 rg BT 469.92 499.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 507.80 499.17 Td (period ) Tj ET Q q 0 0 0 rg BT 535.13 499.17 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 489.17 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 489.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 171.71 489.17 Td (2013 ) Tj ET Q q 0 0 0 rg BT 194.21 489.17 Td (and ) Tj ET Q q 0 0 0 rg BT 211.15 489.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 264.18 489.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 291.66 489.17 Td (by ) Tj ET Q q 0 0 0 rg BT 304.16 489.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 466.17 Td (*10.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 466.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 466.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 466.17 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.68 466.17 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 466.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.34 466.17 Td (A) Tj ET Q q 0 0 0 rg BT 239.83 466.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.38 466.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 466.17 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 466.17 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 466.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 466.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 466.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 466.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 466.17 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 466.17 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 466.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 466.17 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 466.17 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 456.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 135.44 456.17 Td (2015. ) Tj ET Q q 0 0 0 rg BT 159.72 456.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 182.06 456.17 Td (as ) Tj ET Q q 0 0 0 rg BT 192.18 456.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 223.40 456.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 242.69 456.17 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 456.17 Td (the ) Tj ET Q q 0 0 0 rg BT 266.25 456.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 310.41 456.17 Td (s ) Tj ET Q q 0 0 0 rg BT 315.81 456.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 355.91 456.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 384.91 456.17 Td (on ) Tj ET Q q 0 0 0 rg BT 396.69 456.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.14 456.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 442.48 456.17 Td (for ) Tj ET Q q 0 0 0 rg BT 455.92 456.17 Td (the ) Tj ET Q q 0 0 0 rg BT 469.92 456.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 507.80 456.17 Td (period ) Tj ET Q q 0 0 0 rg BT 535.13 456.17 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 446.17 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 446.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 171.71 446.17 Td (2014 ) Tj ET Q q 0 0 0 rg BT 194.21 446.17 Td (and ) Tj ET Q q 0 0 0 rg BT 211.15 446.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 264.18 446.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 291.66 446.17 Td (by ) Tj ET Q q 0 0 0 rg BT 304.16 446.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 419.17 Td (*10.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 419.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 419.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 419.17 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.68 419.17 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 419.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.34 419.17 Td (A) Tj ET Q q 0 0 0 rg BT 239.83 419.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.38 419.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 419.17 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 419.17 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 419.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 419.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 419.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 419.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 419.17 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 419.17 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 419.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 419.17 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 419.17 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 409.17 Td (first ) Tj ET Q q 0 0 0 rg BT 130.19 409.17 Td (half ) Tj ET Q q 0 0 0 rg BT 147.81 409.17 Td (of ) Tj ET Q q 0 0 0 rg BT 158.22 409.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 181.95 409.17 Td (2016. ) Tj ET Q q 0 0 0 rg BT 206.53 409.17 Td ( ) Tj ET Q q 0 0 0 rg BT 208.61 409.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 231.24 409.17 Td (as ) Tj ET Q q 0 0 0 rg BT 241.65 409.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 273.17 409.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 292.75 409.17 Td (to ) Tj ET Q q 0 0 0 rg BT 302.60 409.17 Td (the ) Tj ET Q q 0 0 0 rg BT 316.90 409.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 361.06 409.17 Td (s ) Tj ET Q q 0 0 0 rg BT 366.75 409.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 407.14 409.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 436.44 409.17 Td (on ) Tj ET Q q 0 0 0 rg BT 448.51 409.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 472.26 409.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 494.89 409.17 Td (for ) Tj ET Q q 0 0 0 rg BT 508.63 409.17 Td (the ) Tj ET Q q 0 0 0 rg BT 522.92 409.17 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 399.17 Td (period ) Tj ET Q q 0 0 0 rg BT 140.05 399.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.42 399.17 Td (November ) Tj ET Q q 0 0 0 rg BT 211.13 399.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 226.13 399.17 Td (2015 ) Tj ET Q q 0 0 0 rg BT 248.63 399.17 Td (and ) Tj ET Q q 0 0 0 rg BT 265.57 399.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 318.60 399.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 346.09 399.17 Td (by ) Tj ET Q q 0 0 0 rg BT 358.59 399.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 375.17 Td (*10.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 375.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 375.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 375.17 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.68 375.17 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 375.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.34 375.17 Td (A) Tj ET Q q 0 0 0 rg BT 239.83 375.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.38 375.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 375.17 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 375.17 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 375.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 375.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 375.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 375.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 375.17 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 375.17 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 375.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 375.17 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 375.17 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 365.17 Td (second ) Tj ET Q q 0 0 0 rg BT 143.24 365.17 Td (half ) Tj ET Q q 0 0 0 rg BT 162.26 365.17 Td (of ) Tj ET Q q 0 0 0 rg BT 174.06 365.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 199.19 365.17 Td (2016. ) Tj ET Q q 0 0 0 rg BT 225.17 365.17 Td ( ) Tj ET Q q 0 0 0 rg BT 228.64 365.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 252.67 365.17 Td (as ) Tj ET Q q 0 0 0 rg BT 264.47 365.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 297.39 365.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 318.36 365.17 Td (to ) Tj ET Q q 0 0 0 rg BT 329.61 365.17 Td (the ) Tj ET Q q 0 0 0 rg BT 345.30 365.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 389.46 365.17 Td (s ) Tj ET Q q 0 0 0 rg BT 396.55 365.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 438.34 365.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 469.03 365.17 Td (on ) Tj ET Q q 0 0 0 rg BT 482.50 365.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 507.65 365.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 531.67 365.17 Td (for ) Tj ET Q q 0 0 0 rg BT 546.80 365.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 355.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 150.59 355.17 Td (period ) Tj ET Q q 0 0 0 rg BT 178.64 355.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 205.02 355.17 Td (May ) Tj ET Q q 0 0 0 rg BT 225.85 355.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 240.85 355.17 Td (2016 ) Tj ET Q q 0 0 0 rg BT 263.35 355.17 Td (and ) Tj ET Q q 0 0 0 rg BT 280.29 355.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 333.32 355.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 360.80 355.17 Td (by ) Tj ET Q q 0 0 0 rg BT 373.30 355.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 331.17 Td (*10.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 331.17 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 137.64 331.17 Td (2015 ) Tj ET Q q 0 0 0 rg BT 159.28 331.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 190.19 331.17 Td (Performance ) Tj ET Q q 0 0 0 rg BT 243.03 331.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 270.34 331.17 Td (Program ) Tj ET Q q 0 0 0 rg BT 306.53 331.17 Td (for ) Tj ET Q q 0 0 0 rg BT 319.91 331.17 Td (T) Tj ET Q q 0 0 0 rg BT 325.58 331.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 351.41 331.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 361.77 331.17 Td (Lundgren. ) Tj ET Q q 0 0 0 rg BT 404.89 331.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 427.20 331.17 Td (as ) Tj ET Q q 0 0 0 rg BT 437.29 331.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 468.48 331.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 487.73 331.17 Td (to ) Tj ET Q q 0 0 0 rg BT 497.26 331.17 Td (the ) Tj ET Q q 0 0 0 rg BT 511.23 331.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 555.39 331.17 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 321.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 153.14 321.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 183.18 321.17 Td (on ) Tj ET Q q 0 0 0 rg BT 196.01 321.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 220.50 321.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 243.88 321.17 Td (for ) Tj ET Q q 0 0 0 rg BT 258.36 321.17 Td (the ) Tj ET Q q 0 0 0 rg BT 273.40 321.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 312.32 321.17 Td (period ) Tj ET Q q 0 0 0 rg BT 340.69 321.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 367.40 321.17 Td (November ) Tj ET Q q 0 0 0 rg BT 412.43 321.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 427.75 321.17 Td (2014 ) Tj ET Q q 0 0 0 rg BT 450.58 321.17 Td (and ) Tj ET Q q 0 0 0 rg BT 467.84 321.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 521.20 321.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 549.01 321.17 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 311.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 288.17 Td (*10.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 288.17 Td (Fiscal 2016 Annual Performance Bonus Program for Tamara L. Lundgren. Filed as Exhibit 10.3 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 278.17 Td (Registrants Quarterly Report on Form 10-Q for the quarterly period ended November 30, 2015 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 268.17 Td (incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 245.17 Td (*10.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 245.17 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 163.58 245.17 Td (No. ) Tj ET Q q 0 0 0 rg BT 180.45 245.17 Td (1 ) Tj ET Q q 0 0 0 rg BT 187.59 245.17 Td (to ) Tj ET Q q 0 0 0 rg BT 197.52 245.17 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 223.55 245.17 Td (2016 ) Tj ET Q q 0 0 0 rg BT 245.50 245.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 276.81 245.17 Td (Performance ) Tj ET Q q 0 0 0 rg BT 330.04 245.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 357.74 245.17 Td (Program ) Tj ET Q q 0 0 0 rg BT 394.33 245.17 Td (for ) Tj ET Q q 0 0 0 rg BT 408.07 245.17 Td (T) Tj ET Q q 0 0 0 rg BT 413.74 245.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 439.96 245.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 450.71 245.17 Td (Lundgren. ) Tj ET Q q 0 0 0 rg BT 494.24 245.17 Td ( ) Tj ET Q q 0 0 0 rg BT 496.38 245.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 519.09 245.17 Td (as ) Tj ET Q q 0 0 0 rg BT 529.56 245.17 Td (Exhibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 235.17 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 132.53 235.17 Td (to ) Tj ET Q q 0 0 0 rg BT 143.34 235.17 Td (the ) Tj ET Q q 0 0 0 rg BT 158.59 235.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 202.75 235.17 Td (s ) Tj ET Q q 0 0 0 rg BT 209.40 235.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 250.75 235.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 280.99 235.17 Td (on ) Tj ET Q q 0 0 0 rg BT 294.03 235.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 318.73 235.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 342.31 235.17 Td (for ) Tj ET Q q 0 0 0 rg BT 357.00 235.17 Td (the ) Tj ET Q q 0 0 0 rg BT 372.25 235.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 411.38 235.17 Td (period ) Tj ET Q q 0 0 0 rg BT 439.96 235.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 466.87 235.17 Td (February ) Tj ET Q q 0 0 0 rg BT 506.00 235.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 521.53 235.17 Td (2016 ) Tj ET Q q 0 0 0 rg BT 544.56 235.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 225.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 225.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 225.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 225.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 201.17 Td (21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 201.17 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 163.39 201.17 Td (of ) Tj ET Q q 0 0 0 rg BT 174.22 201.17 Td (Registrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 179.17 Td (23.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 179.17 Td (Consent ) Tj ET Q q 0 0 0 rg BT 147.28 179.17 Td (of ) Tj ET Q q 0 0 0 rg BT 158.11 179.17 Td (Independent ) Tj ET Q q 0 0 0 rg BT 210.03 179.17 Td (Registered ) Tj ET Q q 0 0 0 rg BT 255.30 179.17 Td (Public ) Tj ET Q q 0 0 0 rg BT 283.08 179.17 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 331.96 179.17 Td (Firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 157.17 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 157.17 Td (Powers ) Tj ET Q q 0 0 0 rg BT 143.94 157.17 Td (of ) Tj ET Q q 0 0 0 rg BT 154.50 157.17 Td (Attorney) Tj ET Q q 0 0 0 rg BT 189.44 157.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 135.17 Td (31.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 135.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 165.04 135.17 Td (of ) Tj ET Q q 0 0 0 rg BT 175.87 135.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.58 135.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 243.06 135.17 Td (Of) Tj ET Q q 0 0 0 rg BT 253.53 135.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 274.25 135.17 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 311.19 135.17 Td (to ) Tj ET Q q 0 0 0 rg BT 321.47 135.17 Td (Section ) Tj ET Q q 0 0 0 rg BT 353.96 135.17 Td (302 ) Tj ET Q q 0 0 0 rg BT 371.46 135.17 Td (of ) Tj ET Q q 0 0 0 rg BT 382.29 135.17 Td (the ) Tj ET Q q 0 0 0 rg BT 397.01 135.17 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 463.10 135.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 479.76 135.17 Td (of ) Tj ET Q q 0 0 0 rg BT 490.59 135.17 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 113.17 Td (31.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 113.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 165.04 113.17 Td (of ) Tj ET Q q 0 0 0 rg BT 175.87 113.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.58 113.17 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.30 113.17 Td (Of) Tj ET Q q 0 0 0 rg BT 250.76 113.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 271.48 113.17 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 308.42 113.17 Td (to ) Tj ET Q q 0 0 0 rg BT 318.70 113.17 Td (Section ) Tj ET Q q 0 0 0 rg BT 351.19 113.17 Td (302 ) Tj ET Q q 0 0 0 rg BT 368.69 113.17 Td (of ) Tj ET Q q 0 0 0 rg BT 379.52 113.17 Td (the ) Tj ET Q q 0 0 0 rg BT 394.24 113.17 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 460.33 113.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 477.00 113.17 Td (of ) Tj ET Q q 0 0 0 rg BT 487.83 113.17 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 91.17 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 91.17 Td (Certification ) Tj ET Q q 0 0 0 rg BT 164.94 91.17 Td (of ) Tj ET Q q 0 0 0 rg BT 175.67 91.17 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.28 91.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 242.66 91.17 Td (Of) Tj ET Q q 0 0 0 rg BT 253.04 91.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 273.75 91.17 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 310.59 91.17 Td (to ) Tj ET Q q 0 0 0 rg BT 320.77 91.17 Td (18 ) Tj ET Q q 0 0 0 rg BT 333.17 91.17 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 362.52 91.17 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.92 91.17 Td (1350, ) Tj ET Q q 0 0 0 rg BT 419.81 91.17 Td (as ) Tj ET Q q 0 0 0 rg BT 430.54 91.17 Td (adopted ) Tj ET Q q 0 0 0 rg BT 464.60 91.17 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.44 91.17 Td (to ) Tj ET Q q 0 0 0 rg BT 511.62 91.17 Td (Section ) Tj ET Q q 0 0 0 rg BT 544.01 91.17 Td (906 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 81.17 Td (of ) Tj ET Q q 0 0 0 rg BT 122.83 81.17 Td (the ) Tj ET Q q 0 0 0 rg BT 137.55 81.17 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 203.36 81.17 Td (Act ) Tj ET Q q 0 0 0 rg BT 220.30 81.17 Td (of ) Tj ET Q q 0 0 0 rg BT 231.13 81.17 Td (2002.) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.70 30.40 Td (104) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 212.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 738.07 Td (32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 738.07 Td (Certification ) Tj ET Q q 0 0 0 rg BT 165.11 738.07 Td (of ) Tj ET Q q 0 0 0 rg BT 176.01 738.07 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.80 738.07 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.58 738.07 Td (Of) Tj ET Q q 0 0 0 rg BT 251.05 738.07 Td (ficer ) Tj ET Q q 0 0 0 rg BT 271.84 738.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 308.85 738.07 Td (to ) Tj ET Q q 0 0 0 rg BT 319.21 738.07 Td (18 ) Tj ET Q q 0 0 0 rg BT 331.78 738.07 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 361.30 738.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 393.87 738.07 Td (1350, ) Tj ET Q q 0 0 0 rg BT 418.94 738.07 Td (as ) Tj ET Q q 0 0 0 rg BT 429.84 738.07 Td (adopted ) Tj ET Q q 0 0 0 rg BT 464.07 738.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.08 738.07 Td (to ) Tj ET Q q 0 0 0 rg BT 511.43 738.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 544.00 738.07 Td (906 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 728.07 Td (of ) Tj ET Q q 0 0 0 rg BT 122.83 728.07 Td (the ) Tj ET Q q 0 0 0 rg BT 137.55 728.07 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 203.64 728.07 Td (Act ) Tj ET Q q 0 0 0 rg BT 220.30 728.07 Td (of ) Tj ET Q q 0 0 0 rg BT 231.13 728.07 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.65 706.07 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 706.07 Td (The ) Tj ET Q q 0 0 0 rg BT 130.02 706.07 Td (following ) Tj ET Q q 0 0 0 rg BT 171.38 706.07 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.83 706.07 Td (information ) Tj ET Q q 0 0 0 rg BT 258.52 706.07 Td (from ) Tj ET Q q 0 0 0 rg BT 280.43 706.07 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 320.67 706.07 Td (Steel ) Tj ET Q q 0 0 0 rg BT 343.14 706.07 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 387.55 706.07 Td (Inc.) Tj ET Q q 0 0 0 rg BT 405.59 706.07 Td (s ) Tj ET Q q 0 0 0 rg BT 411.41 706.07 Td (Annual ) Tj ET Q q 0 0 0 rg BT 443.32 706.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 473.01 706.07 Td (on ) Tj ET Q q 0 0 0 rg BT 485.49 706.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 509.63 706.07 Td (10-K ) Tj ET Q q 0 0 0 rg BT 532.66 706.07 Td (for ) Tj ET Q q 0 0 0 rg BT 546.79 706.07 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 696.07 Td (year ) Tj ET Q q 0 0 0 rg BT 132.31 696.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.61 696.07 Td (August ) Tj ET Q q 0 0 0 rg BT 190.61 696.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 206.21 696.07 Td (2016, ) Tj ET Q q 0 0 0 rg BT 231.82 696.07 Td (formatted ) Tj ET Q q 0 0 0 rg BT 273.79 696.07 Td (in ) Tj ET Q q 0 0 0 rg BT 284.68 696.07 Td (XBRL) Tj ET Q q 0 0 0 rg BT 310.98 696.07 Td ( ) Tj ET Q q 0 0 0 rg BT 314.08 696.07 Td (\(eXtensible ) Tj ET Q q 0 0 0 rg BT 363.28 696.07 Td (Business ) Tj ET Q q 0 0 0 rg BT 401.95 696.07 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 445.05 696.07 Td (Language\): ) Tj ET Q q 0 0 0 rg BT 493.69 696.07 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 506.23 696.07 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 686.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 158.29 686.07 Td (of ) Tj ET Q q 0 0 0 rg BT 169.02 686.07 Td (Operations ) Tj ET Q q 0 0 0 rg BT 215.30 686.07 Td (for ) Tj ET Q q 0 0 0 rg BT 229.36 686.07 Td (the ) Tj ET Q q 0 0 0 rg BT 243.98 686.07 Td (years ) Tj ET Q q 0 0 0 rg BT 267.49 686.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 293.24 686.07 Td (August ) Tj ET Q q 0 0 0 rg BT 324.53 686.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 339.44 686.07 Td (2016, ) Tj ET Q q 0 0 0 rg BT 364.34 686.07 Td (2015 ) Tj ET Q q 0 0 0 rg BT 386.74 686.07 Td (and ) Tj ET Q q 0 0 0 rg BT 403.59 686.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 428.49 686.07 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 443.11 686.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 498.29 686.07 Td (Balance ) Tj ET Q q 0 0 0 rg BT 532.89 686.07 Td (Sheets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 676.07 Td (as ) Tj ET Q q 0 0 0 rg BT 122.78 676.07 Td (of ) Tj ET Q q 0 0 0 rg BT 133.03 676.07 Td (August ) Tj ET Q q 0 0 0 rg BT 164.37 676.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 179.32 676.07 Td (2016, ) Tj ET Q q 0 0 0 rg BT 204.28 676.07 Td (and ) Tj ET Q q 0 0 0 rg BT 220.63 676.07 Td (August ) Tj ET Q q 0 0 0 rg BT 251.97 676.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 266.93 676.07 Td (2015, ) Tj ET Q q 0 0 0 rg BT 291.88 676.07 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 309.33 676.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 364.56 676.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 410.89 676.07 Td (of ) Tj ET Q q 0 0 0 rg BT 421.68 676.07 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 486.89 676.07 Td (Income ) Tj ET Q q 0 0 0 rg BT 519.33 676.07 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 547.34 676.07 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 666.07 Td (the ) Tj ET Q q 0 0 0 rg BT 126.26 666.07 Td (years ) Tj ET Q q 0 0 0 rg BT 149.39 666.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.86 666.07 Td (August ) Tj ET Q q 0 0 0 rg BT 205.79 666.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 220.33 666.07 Td (2016, ) Tj ET Q q 0 0 0 rg BT 244.87 666.07 Td (2015 ) Tj ET Q q 0 0 0 rg BT 266.90 666.07 Td (and ) Tj ET Q q 0 0 0 rg BT 283.38 666.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 307.92 666.07 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 324.40 666.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 379.21 666.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 425.13 666.07 Td (of ) Tj ET Q q 0 0 0 rg BT 435.50 666.07 Td (Cash ) Tj ET Q q 0 0 0 rg BT 457.54 666.07 Td (Flows ) Tj ET Q q 0 0 0 rg BT 484.03 666.07 Td (for ) Tj ET Q q 0 0 0 rg BT 497.73 666.07 Td (the ) Tj ET Q q 0 0 0 rg BT 511.98 666.07 Td (years ) Tj ET Q q 0 0 0 rg BT 535.12 666.07 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 656.07 Td (August ) Tj ET Q q 0 0 0 rg BT 143.39 656.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 158.39 656.07 Td (2016, ) Tj ET Q q 0 0 0 rg BT 183.39 656.07 Td (2015 ) Tj ET Q q 0 0 0 rg BT 205.89 656.07 Td (and ) Tj ET Q q 0 0 0 rg BT 222.83 656.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 247.83 656.07 Td (and ) Tj ET Q q 0 0 0 rg BT 264.77 656.07 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 278.93 656.07 Td (the ) Tj ET Q q 0 0 0 rg BT 293.65 656.07 Td (Notes ) Tj ET Q q 0 0 0 rg BT 319.48 656.07 Td (to ) Tj ET Q q 0 0 0 rg BT 329.75 656.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 385.03 656.07 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.74 656.07 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 642.40 Td (*Management contract or compensatory plan or arrangement.) 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Form 10-K 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.60 742.25 Td ( SIGNA) Tj ET Q q 0 0 0 rg BT 306.03 742.25 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.86 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.50 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.58 727.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 168.64 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.83 727.25 Td (Section13 ) Tj ET Q q 0 0 0 rg BT 225.18 727.25 Td (or ) Tj ET Q q 0 0 0 rg BT 236.38 727.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 260.90 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.09 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.16 727.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 329.46 727.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 371.11 727.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 388.41 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.60 727.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 424.96 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.04 727.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 480.66 727.25 Td (has ) Tj ET Q q 0 0 0 rg BT 496.85 727.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 517.49 727.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 547.56 727.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (report ) Tj ET Q q 0 0 0 rg BT 76.38 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.66 715.25 Td (be ) Tj ET Q q 0 0 0 rg BT 98.59 715.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 127.20 715.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.70 715.25 Td (its ) Tj ET Q q 0 0 0 rg BT 151.65 715.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 179.14 715.25 Td (by ) Tj ET Q q 0 0 0 rg BT 191.64 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.35 715.25 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 260.23 715.25 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 300.49 715.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 320.77 715.25 Td (authorized.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 665.75 m 562.5 665.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 685.42 Td (SCHNITZER ) Tj ET Q q 0 0 0 rg BT 388.50 685.42 Td (STEEL) Tj ET Q q 0 0 0 rg BT 418.12 685.42 Td ( ) Tj ET Q q 0 0 0 rg BT 420.62 685.42 Td (INDUSTRIES, ) Tj ET Q q 0 0 0 rg BT 483.96 685.42 Td (INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.32 Td (Dated: October25, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.55 670.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 671.32 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 376.95 671.32 Td (RICHARD ) Tj ET Q q 0 0 0 rg BT 424.45 671.32 Td (D. ) Tj ET Q q 0 0 0 rg BT 436.67 671.32 Td (PEACH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 656.32 Td (Richard ) Tj ET Q q 0 0 0 rg BT 399.16 656.32 Td (D. ) Tj ET Q q 0 0 0 rg BT 411.38 656.32 Td (Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 641.32 Td (Senior ) Tj ET Q q 0 0 0 rg BT 395.21 641.32 Td (V) Tj ET Q q 0 0 0 rg BT 401.83 641.32 Td (ice ) Tj ET Q q 0 0 0 rg BT 417.91 641.32 Td (President, ) Tj ET Q q 0 0 0 rg BT 462.04 641.32 Td (Chief ) Tj ET Q q 0 0 0 rg BT 488.68 641.32 Td (Financial ) Tj ET Q q 0 0 0 rg BT 530.31 641.32 Td (Of) Tj ET Q q 0 0 0 rg BT 540.68 641.32 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 631.32 Td (and ) Tj ET Q q 0 0 0 rg BT 381.94 631.32 Td (Chief ) Tj ET Q q 0 0 0 rg BT 406.66 631.32 Td (of ) Tj ET Q q 0 0 0 rg BT 417.49 631.32 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 459.97 631.32 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.40 612.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.57 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.18 612.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 166.78 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.51 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.12 612.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 233.95 612.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 275.24 612.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 292.08 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.81 612.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 327.70 612.25 Td (this ) Tj ET Q q 0 0 0 rg BT 344.55 612.25 Td (report ) Tj ET Q q 0 0 0 rg BT 370.82 612.25 Td (has ) Tj ET Q q 0 0 0 rg BT 386.55 612.25 Td (been ) Tj ET Q q 0 0 0 rg BT 407.82 612.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 436.33 612.25 Td (below ) Tj ET Q q 0 0 0 rg BT 463.16 612.25 Td (by ) Tj ET Q q 0 0 0 rg BT 475.56 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.17 612.25 Td (following ) Tj ET Q q 0 0 0 rg BT 531.45 612.25 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 600.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 89.99 600.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.53 600.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 155.80 600.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.30 600.25 Td (October25, ) Tj ET Q q 0 0 0 rg BT 218.00 600.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.50 600.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.78 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.50 600.25 Td (capacities ) Tj ET Q q 0 0 0 rg BT 307.42 600.25 Td (indicated.) 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