0001558370-16-005781.txt : 20160510 0001558370-16-005781.hdr.sgml : 20160510 20160510131454 ACCESSION NUMBER: 0001558370-16-005781 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 48 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160510 DATE AS OF CHANGE: 20160510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIS LEASE FINANCE CORP CENTRAL INDEX KEY: 0001018164 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 680070656 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-15369 FILM NUMBER: 161634818 BUSINESS ADDRESS: STREET 1: 773 SAN MARIN DRIVE STREET 2: SUITE 2215 CITY: NOVATO STATE: CA ZIP: 94998 BUSINESS PHONE: 4154084700 MAIL ADDRESS: STREET 1: 773 SAN MARIN DRIVE STREET 2: SUITE 2215 CITY: NOVATO STATE: CA ZIP: 94998 10-Q 1 wlfc-20160331x10q.htm 10-Q wlfc_Current folio_10Q

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 10-Q

 

(Mark One)

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended March 31, 2016

 

OR

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Commission File Number: 001-15369


 

WILLIS LEASE FINANCE CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

 

Delaware

 

68-0070656

(State or other jurisdiction of incorporation or
organization)

 

(IRS Employer Identification No.)

 

 

 

773 San Marin Drive, Suite 2215, Novato, CA

 

94998

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (415) 408-4700

 


 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   No 

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes   No 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

 

 

 

Large accelerated filer

 

Accelerated filer 

 

 

 

Non-accelerated filer

 

Smaller reporting company 

(Do not check if a smaller reporting company)

 

 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes   No

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

 

 

 

 

Title of Each Class

 

Outstanding at May 3, 2016

Common Stock, $0.01 par value per share

 

7,320,306

 

 

 

 

 

 


 

 

WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES

 

INDEX

 

 

 

 

PART I. 

FINANCIAL INFORMATION

 

 

 

 

Item 1. 

Consolidated Financial Statements (Unaudited)

 

 

 

 

Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015

 

 

 

 

Consolidated Statements of Income for the three months ended March 31, 2016 and 2015

 

 

 

 

Consolidated Statements of Comprehensive Income for the three months ended March 31, 2016 and 2015

 

 

 

 

Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2016 and 2015

 

 

 

 

Consolidated Statements of Cash Flows for the three months ended March 31, 2016 and 2015

 

 

 

 

Notes to Unaudited Consolidated Financial Statements

 

 

 

Item 2. 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

16 

 

 

 

Item 3. 

Quantitative and Qualitative Disclosures About Market Risk

20 

 

 

 

Item 4. 

Controls and Procedures

20 

 

 

 

PART II. 

OTHER INFORMATION

 

 

 

 

Item 2. 

Unregistered Sales of Equity Securities and Use of Proceeds

21 

 

 

 

Item 6. 

Exhibits

22 

 

2


 

PART I — FINANCIAL INFORMATION

 

Item 1.Consolidated Financial Statements (Unaudited)

 

WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES

Consolidated Balance Sheets

(In thousands, except share data, unaudited)

 

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

 

 

2016

 

2015

ASSETS

 

 

 

 

 

 

Cash and cash equivalents

 

$

12,743

 

$

9,732

Restricted cash

 

 

29,964

 

 

33,026

Equipment held for operating lease, less accumulated depreciation of $320,609 and $316,532 at March 31, 2016 and December 31, 2015, respectively

 

 

1,101,604

 

 

1,122,859

Equipment held for sale

 

 

25,971

 

 

23,454

Operating lease related receivables, net of allowances of $1,121 and $912 at March 31, 2016 and December 31, 2015, respectively

 

 

15,690

 

 

14,072

Spare parts inventory

 

 

19,293

 

 

20,526

Investments

 

 

43,272

 

 

41,295

Property, equipment & furnishings, less accumulated depreciation of $4,902 and $11,102 at March 31, 2016 and December 31, 2015, respectively

 

 

17,001

 

 

20,247

Intangible assets, net

 

 

874

 

 

932

Other assets

 

 

11,048

 

 

9,839

Total assets

 

$

1,277,460

 

$

1,295,982

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

23,087

 

$

21,665

Deferred income taxes

 

 

99,347

 

 

96,742

Notes payable

 

 

850,031

 

 

866,089

Maintenance reserves

 

 

65,554

 

 

71,054

Security deposits

 

 

25,074

 

 

25,010

Unearned lease revenue

 

 

4,351

 

 

5,090

Total liabilities

 

 

1,067,444

 

 

1,085,650

 

 

 

 

 

 

 

Shareholders’ equity:

 

 

 

 

 

 

Common stock ($0.01 par value, 20,000,000 shares authorized; 7,423,654 and 7,548,395 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively)

 

 

74

 

 

75

Paid-in capital in excess of par

 

 

24,925

 

 

28,720

Retained earnings

 

 

185,826

 

 

182,058

Accumulated other comprehensive loss, net of income tax benefit of $427 and $275 at March 31, 2016 and December 31, 2015, respectively.

 

 

(809)

 

 

(521)

Total shareholders’ equity

 

 

210,016

 

 

210,332

Total liabilities and shareholders’ equity

 

$

1,277,460

 

$

1,295,982

 

 

 

 

 

 

 

(1) Total assets at March 31, 2016 and December 31, 2015 include the

      following assets of a variable interest entity (VIE) that can only be used

      to settle the liabilities of the VIE:  Cash, $32,156 and $33,776; Equipment,

      $330,182 and $335,327; and Other, $12,457 and $11,490, respectively.

 

 

 

 

 

 

(2) Total liabilities at March 31, 2016 and December 31, 2015 include

     the following liabilities of a VIE for which the VIE creditors do not have

     recourse to Willis Lease Finance Corporation: Notes payable, $294,337

     and $300,467, respectively.

 

 

 

 

 

 

 

See accompanying notes to the unaudited consolidated financial statements.

3


 

WILLIS LEASE FINANCE CORPORATION

AND SUBSIDIARIES

Consolidated Statements of Income

(In thousands, except per share data, unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

    

2016

    

2015

    

REVENUE

 

 

 

 

 

 

 

Lease rent revenue

 

$

28,139

 

$

25,097

 

Maintenance reserve revenue

 

 

15,819

 

 

14,148

 

Spare parts and equipment sales

 

 

2,609

 

 

2,151

 

Gain on sale of leased equipment

 

 

2,989

 

 

662

 

Other revenue

 

 

1,000

 

 

756

 

Total revenue

 

 

50,556

 

 

42,814

 

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

16,644

 

 

17,705

 

Cost of spare parts and equipment sales

 

 

1,915

 

 

1,480

 

Write-down of equipment

 

 

2,036

 

 

24

 

General and administrative

 

 

11,752

 

 

9,972

 

Technical expense

 

 

1,696

 

 

1,832

 

Net finance costs:

 

 

 

 

 

 

 

  Interest expense

 

 

10,008

 

 

9,567

 

  Gain on debt extinguishment

 

 

 —

 

 

(1,151)

 

Total net finance costs

 

 

10,008

 

 

8,416

 

Total expenses

 

 

44,051

 

 

39,429

 

 

 

 

 

 

 

 

 

Earnings from operations

 

 

6,505

 

 

3,385

 

 

 

 

 

 

 

 

 

Earnings from joint ventures

 

 

187

 

 

354

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

6,692

 

 

3,739

 

Income tax expense

 

 

2,924

 

 

1,441

 

Net income

 

$

3,768

 

$

2,298

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

$

0.53

 

$

0.29

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

$

0.52

 

$

0.29

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

7,149

 

 

7,848

 

Diluted average common shares outstanding

 

 

7,272

 

 

8,044

 

 

See accompanying notes to the unaudited consolidated financial statements.

4


 

 

 

WILLIS LEASE FINANCE CORPORATION

AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income

(In thousands, unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

    

2016

    

2015

    

Net income

 

$

3,768

 

$

2,298

 

 

 

 

 

 

 

 

 

Other comprehensive loss:

 

 

 

 

 

 

 

Currency translation adjustment

 

 

(441)

 

 

 —

 

Net loss recognized in other comprehensive income

 

 

(441)

 

 

 —

 

Tax benefit related to items of other comprehensive income

 

 

153

 

 

 —

 

Other comprehensive loss

 

 

(288)

 

 

 —

 

Total comprehensive income

 

$

3,480

 

$

2,298

 

 

See accompanying notes to the unaudited consolidated financial statements.

5


 

 

WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity
Three months Ended March 31, 2016 and 2015
(In thousands, unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Issued and

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

Outstanding

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

Shares of

 

 

 

 

Paid-in

 

Other

 

 

 

 

Total

 

 

Common

 

Common

 

Capital in

 

Comprehensive

 

Retained

 

Shareholders’

 

 

Stock

 

Stock

 

Excess of par

 

Income

 

Earnings

 

Equity

Balances at December 31, 2014

 

8,346

 

$

83

 

$

42,076

 

$

 —

 

$

174,702

 

$

216,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

2,298

 

 

2,298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares repurchased

 

(38)

 

 

 —

 

 

(724)

 

 

 —

 

 

 —

 

 

(724)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares issued under stock compensation plans

 

10

 

 

 —

 

 

85

 

 

 —

 

 

 —

 

 

85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancellation of restricted stock in satisfaction of withholding tax

 

(25)

 

 

 —

 

 

(514)

 

 

 —

 

 

 —

 

 

(514)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation, net of forfeitures

 

 —

 

 

 —

 

 

1,074

 

 

 —

 

 

 —

 

 

1,074

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax benefit on disqualified disposition of shares

 

 —

 

 

 —

 

 

143

 

 

 —

 

 

 —

 

 

143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at March 31, 2015

 

8,293

 

$

83

 

$

42,140

 

$

 —

 

$

177,000

 

$

219,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at December 31, 2015

 

7,548

 

$

75

 

$

28,720

 

$

(521)

 

$

182,058

 

$

210,332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

3,768

 

 

3,768

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized loss from currency translation adjustment, net of tax benefit of $153

 

 —

 

 

 —

 

 

 —

 

 

(288)

 

 

 —

 

 

(288)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares repurchased

 

(200)

 

 

(2)

 

 

(4,451)

 

 

 —

 

 

 —

 

 

(4,453)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares issued under stock compensation plans

 

98

 

 

1

 

 

81

 

 

 —

 

 

 —

 

 

82

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancellation of restricted stock in satisfaction of withholding tax

 

(22)

 

 

 —

 

 

(424)

 

 

 —

 

 

 —

 

 

(424)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation, net of forfeitures

 

 —

 

 

 —

 

 

944

 

 

 —

 

 

 —

 

 

944

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax benefit on disqualified disposition of shares

 

 —

 

 

 —

 

 

55

 

 

 —

 

 

 —

 

 

55

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at March 31, 2016

 

7,424

 

$

74

 

$

24,925

 

$

(809)

 

$

185,826

 

$

210,016

 

See accompanying notes to the unaudited consolidated financial statements.

6


 

 

WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands, unaudited)

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

    

2016

    

2015

Cash flows from operating activities:

 

 

 

 

 

 

Net income

 

$

3,768

 

$

2,298

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

Depreciation and amortization expense

 

 

16,644

 

 

17,705

Write-down of equipment

 

 

2,036

 

 

24

Stock-based compensation expenses

 

 

944

 

 

1,074

Amortization of deferred costs

 

 

1,071

 

 

1,072

Allowances and provisions

 

 

209

 

 

67

Gain on sale of leased equipment

 

 

(2,989)

 

 

(662)

Gain on extinguishment of debt

 

 

 —

 

 

(1,151)

Income from joint ventures

 

 

(187)

 

 

(354)

Deferred income taxes

 

 

2,757

 

 

1,357

Changes in assets and liabilities:

 

 

 

 

 

 

Receivables

 

 

(1,827)

 

 

(5,751)

Spare parts inventory

 

 

1,232

 

 

305

Other assets

 

 

(165)

 

 

(2,237)

Accounts payable and accrued expenses

 

 

(282)

 

 

(917)

Restricted cash

 

 

3,062

 

 

5,642

Maintenance reserves

 

 

(5,500)

 

 

3,198

Security deposits

 

 

64

 

 

(98)

Unearned lease revenue

 

 

(739)

 

 

(961)

Net cash provided by operating activities

 

 

20,098

 

 

20,611

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

Proceeds from sale of equipment (net of selling expenses)

 

 

52,488

 

 

2,405

Restricted cash for investing activities

 

 

(1,345)

 

 

 —

Capital contribution to joint ventures

 

 

(4,610)

 

 

(630)

Distributions received from joint ventures

 

 

1,167

 

 

 —

Purchase of equipment held for operating lease

 

 

(44,433)

 

 

(17,944)

Purchase of property, equipment and furnishings

 

 

(70)

 

 

(3,667)

Net cash provided by (used in) investing activities

 

 

3,197

 

 

(19,836)

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

Proceeds from issuance of notes payable

 

 

20,000

 

 

31,000

Restricted cash from financing activities

 

 

1,345

 

 

 —

Proceeds from shares issued under stock compensation plans

 

 

82

 

 

85

Cancellation of restricted stock units in satisfaction of withholding tax

 

 

(424)

 

 

(514)

Excess tax benefit from stock-based compensation

 

 

55

 

 

143

Repurchase of common stock

 

 

(4,453)

 

 

(724)

Principal payments on notes payable

 

 

(36,889)

 

 

(28,623)

Net cash provided by (used in) financing activities

 

 

(20,284)

 

 

1,367

Increase in cash and cash equivalents

 

 

3,011

 

 

2,142

Cash and cash equivalents at beginning of period

 

 

9,732

 

 

13,493

Cash and cash equivalents at end of period

 

$

12,743

 

$

15,635

Supplemental disclosures of cash flow information:

 

 

 

 

 

 

Net cash paid for:

 

 

 

 

 

 

Interest

 

$

9,161

 

$

8,753

Income Taxes

 

$

34

 

$

5

 

 

 

 

 

 

 

Supplemental disclosures of non-cash investing activities:

 

 

 

 

 

 

During the three months ended March 31, 2016 and 2015, liabilities of $6,778 and $169, respectively, were incurred but not paid in connection with our purchase of aircraft and engines.

 

 

 

 

 

 

During the three months ended March 31, 2016 and 2015, engines and equipment totaling $12,806 and $86, respectively, were transferred from Held for Operating Lease to Held for Sale

 

 

 

 

 

 

During the three months ended March 31, 2016 , an aircraft of $2,925 was transferred from Property, equipment and furnishings to Assets Held for Lease.

 

 

 

 

 

 

 

See accompanying notes to the unaudited consolidated financial statements.

7


 

 

Notes to Unaudited Consolidated Financial Statements

 

1.  Summary of Significant Accounting Policies

 

(a)    Basis of Presentation:

 

Our unaudited consolidated financial statements include the accounts of Willis Lease Finance Corporation and its subsidiaries (“we” or the “Company”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Pursuant to such rules and regulations, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

 

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal and recurring adjustments) necessary to present fairly our financial position as of March 31, 2016 and December 31, 2015, and the results of our operations for the three months ended March 31, 2016 and 2015, and our cash flows for the three months ended March 31, 2016 and 2015. The results of operations and cash flows for the period ended March 31, 2016 are not necessarily indicative of the results of operations or cash flows which may be reported for the remainder of 2016.

 

(b)    Principals of Consolidation:

 

We evaluate all entities in which we have an economic interest firstly to determine whether for accounting purposes the entity is a variable interest entity or voting interest entity. If the entity is a variable interest entity we consolidate the financial statements of that entity if we are the primary beneficiary of the entities’ activities. If the entity is a voting interest entity we consolidate the entity when we have a majority of voting interests. All inter-company balances are eliminated upon consolidation.

 

(c)    Fair Value Measurements:

 

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs, to the extent possible. We use a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, to measure fair value which are the following:

 

Level 1 - Quoted prices in active markets for identical assets or liabilities.

 

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

 

8


 

Assets Measured and Recorded at Fair Value on a Nonrecurring Basis

 

We determine fair value of long-lived assets held and used, such as Equipment held for operating lease and Equipment held for sale, by reference to independent appraisals, quoted market prices (e.g. an offer to purchase) and other factors. An impairment charge is recorded when the carrying value of the asset exceeds its fair value.

 

The following table shows by level, within the fair value hierarchy, the Company’s assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2016 and 2015, and the gains (losses) recorded during the three months ended March 31, 2016 and 2015 on those assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets at Fair Value

 

Total Losses

 

 

March 31, 2016

 

March 31, 2015

 

Three Months Ended March 31,

 

   

Total

   

Level 1

   

Level 2

   

Level 3

   

Total

   

Level 1

   

Level 2

   

Level 3

   

2016

   

2015

 

 

(in thousands)

 

(in thousands)

Equipment held for sale

 

$

3,307

 

$

 —

 

$

3,307

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

(2,036)

 

$

(24)

 

At March 31, 2016, the Company used Level 2 inputs to measure equipment held for sale.  Level 2 inputs include quoted prices for similar assets in inactive markets.

 

An impairment charge is recorded when the carrying value of the asset exceeds its fair value. A write-down of equipment totaling $2.0 million was recorded in the three months ended March 31, 2016 due to a management decision to consign one engine for part-out and sale, in which the asset’s net book value exceeded the estimated proceeds.  A write-down of equipment totaling $24,000 was recorded in the three months ended March 31, 2015 to decrease the book value to zero for certain parts arising from part-out of an engine that will not be sold. 

 

(d)    Reclassifications: 

 

Reclassifications have been made to our consolidated financial statements for the prior periods to conform to classifications used during the three months ended March 31, 2016. 

 

(e)    Foreign Currency Translation:

 

The Company’s foreign investments have been converted at rates of exchange at March 31, 2016. The changes in exchange rates in our foreign investments reported under the equity method are included in stockholders’ equity as accumulated other comprehensive income.

 

(f)    Recent Accounting Pronouncements:

 

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")  No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The update to the standard is effective for the Company beginning January 1, 2017, with early application permitted. The Company is currently evaluating the impact the guidance will have on the Consolidated Financial Statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases” (topic 842).  Under the new standard, the accounting for leases by lessors would basically remain unchanged from the existing concepts in ASC 840, Leases. In addition, FASB has decided that lessors would be precluded from recognizing selling profit and revenue at lease commencement for any sales-type or direct finance lease that does not transfer control of the underlying asset to the lessee. The standard will be effective for public business entities for annual periods (including interim periods),

9


 

beginning after December 15, 2018, and early adoption will be permitted. The Company is currently evaluating the potential impact the adoption of the standard will have on its consolidated financial condition, results of operations or cash flows.

 

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein. We are evaluating the impact that this new guidance will have on our consolidated financial position.

 

In April 2015, the FASB issued ASU. 2015-03, "Simplifying the Presentation of Debt Issuance Costs".  ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the accounting treatment for debt discounts. We have adopted ASU 2015-03 during the three-month period ended March 31, 2016. Other assets and Long-term debt, net of discount have been restated as of December 31, 2015 to reflect the retroactive reclassification of $12.6 million of debt issuance costs that have been reclassified from Other assets to Notes payable.

 

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes previous revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In July 2015, the FASB deferred the effective date for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods). Early adoption is permitted to the original effective date of December 15, 2016 (including interim reporting periods within those periods). The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.

 

 

2.  Management Estimates

 

These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.

 

The preparation of consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to residual values, estimated asset lives, impairments and bad debts. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

 

Management believes that the accounting policies on revenue recognition, maintenance reserves and expenditures, useful life of equipment, asset residual values, asset impairment and allowance for doubtful accounts are critical to the results of operations.

 

If the useful lives or residual values are lower than those estimated by us, upon sale of the asset a loss may be realized. Significant management judgment is required in the forecasting of future operating results, which are

10


 

used in the preparation of projected undiscounted cash-flows and should different conditions prevail, material impairment write-downs may occur.

 

 

 

3.  Investments

 

On May 25, 2011, we entered into an agreement with Mitsui & Co., Ltd. to participate in a joint venture formed as a Dublin-based Irish limited company — Willis Mitsui & Company Engine Support Limited (“WMES”) for the purpose of acquiring and leasing jet engines. Each partner holds a fifty percent interest in the joint venture and the Company uses the equity method in recording investment activity. The Company made $4.6 million of capital contributions to WMES, received $1.2 million in distributions and recorded $1.2 million as deferred gain as a result of the Company selling four engines to WMES during the three months ended March 31, 2016.

 

On June 3, 2014 we entered into an agreement with China Aviation Supplies Import & Export Corporation Limited (“CASC”) to participate in a joint venture named CASC Willis Engine Lease Company Limited (“CASC Willis”), a new joint venture based in Shanghai, China. Each partner holds a fifty percent interest in the joint venture and the Company uses the equity method in recording investment activity. In October 2014, each partner made a $15.0 million initial capital contribution representing the up-front funding for the new joint venture.  The new company will acquire and lease jet engines to Chinese airlines and will concentrate on meeting the fast growing demand for leased commercial aircraft engines and aviation assets in the People’s Republic of China.   The investment has been reduced to $13.7 million as of March 31, 2016 as a result of a foreign currency translation adjustment of $0.4 million partially offset by the Company’s share of CASC Willis reported income of $0.1 million during the three months ended March 31, 2016.         

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2016

    

WMES

 

CASC

 

Total

 

 

(in thousands)

Investment in joint ventures as of December 31, 2015

 

$

27,272

 

$

14,023

 

$

41,295

Capital contribution

 

 

4,610

 

 

 —

 

 

4,610

Earnings from joint venture

 

 

60

 

 

127

 

 

187

Deferred gain on engine sale

 

 

(1,212)

 

 

 —

 

 

(1,212)

Distribution

 

 

(1,167)

 

 

 —

 

 

(1,167)

Foreign Currency Translation Adjustment

 

 

 —

 

 

(441)

 

 

(441)

Investment in joint ventures as of March 31, 2016

 

$

29,563

 

$

13,709

 

$

43,272

 

“Other revenue” on the Consolidated Statement of Income includes management fees earned of $0.6 million and $0.4 million during the three months ended March 31, 2016 and 2015, respectively, related to the servicing of engines for the WMES lease portfolio.   “Gain on sale of  equipment” on the Consolidated Statement of Income includes $1.2 million for the three months ended March 31, 2016 related to the sale of four engines to WMES for $46.1 million.  As 50% owners of WMES, we deferred the $1.2 million gain to our investment which will be amortized over a 15-year period to a 55% residual value. 

 

11


 

Summarized financial information for 100% of WMES is presented in the following tables:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

    

2016

    

2015

 

 

(in thousands)

Revenue

 

$

9,246

 

$

6,398

Expenses

 

 

9,180

 

 

5,727

WMES net income

 

$

66

 

$

671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

    

December 31,

 

 

 

2016

 

 

2015

 

 

(in thousands)

Total assets

 

$

299,746

 

$

256,126

Total liabilities

 

 

231,927

 

 

195,258

Total WMES net equity

 

$

67,819

 

$

60,868

 

 

 

 

 

 

 

 

 

 

4.  Notes Payable

 

Notes payable consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31,

    

December 31,

 

 

    

2016

 

2015

 

 

 

(in thousands)

 

Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines. The facility has a committed amount of $700.0 million at March 31, 2016, which revolves until the maturity date of June 2019.

 

$

539,000

 

$

549,000

 

 

 

 

 

 

 

 

 

WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.

 

 

294,337

 

 

300,467

 

 

 

 

 

 

 

 

 

Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.

 

 

15,719

 

 

16,135

 

 

 

 

 

 

 

 

 

Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.

 

 

12,739

 

 

13,082

 

 

 

 

 

 

 

 

 

Notes payable

 

 

861,795

 

 

878,684

 

 

 

 

 

 

 

 

 

Less: unamortized debt issuance costs

 

 

(11,764)

 

 

(12,595)

 

Total notes payable

 

$

850,031

 

$

866,089

 

 

At March 31, 2016 , we had a revolving credit facility to finance the acquisition of aircraft engines for lease as well as for general working capital purposes.  On April 20, 2016 we entered into a Third Amended and Restated Credit Agreement which increased the revolving credit facility to $890.0 million from $700.0 million and extended the term to April 2021.    This $890 million revolving credit facility has an accordion feature up to $1 billion.  The

12


 

initial interest rate on the facility is LIBOR plus 2.75%.  Quarterly, the interest rate is adjusted based on the Company’s leverage ratio, as calculated under the terms of the revolving credit facility.

 

For further information on our debt instruments, see the "Notes Payable" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015.

 

The following is a summary of the aggregate maturities of our long-term debt at March 31, 2016:

 

 

 

 

 

 

 

 

 

Year

    

(in thousands)

2016

 

$

17,091

2017

 

 

23,624

2018

 

 

33,294

2019

 

 

562,430

2020

 

 

23,031

Thereafter

 

 

202,325

 

 

$

861,795

 

 

 

5.  Stock-Based Compensation Plans

 

Our 2007 Stock Incentive Plan (the 2007 Plan) was adopted on May 24, 2007. Under this 2007 Plan, a total of 2,000,000 shares are authorized for stock based compensation available in the form of either restricted stock or stock options.  On May 28, 2015, the Company’s shareholders authorized an increase in the number of shares of Common Stock available for grant by 800,000 shares bringing the total to 2,800,000 shares authorized.  2,371,962 shares of restricted stock were granted under the 2007 Stock Incentive Plan by March 31, 2016. Of this amount, 152,534 shares of restricted stock were cancelled and returned to the pool of shares which could be granted under the 2007 Stock Incentive Plan resulting in a net number of 580,572 shares which were available as of March 31, 2016 for future issuance under the 2007 Incentive Plan. The fair value of the restricted stock awards equaled the stock price at the date of grants.  The following table summarizes restricted stock activity during the year ended December 31, 2015 and the three months ended March 31, 2016.

 

 

 

 

 

    

Shares

Restricted stock at December 31, 2014

 

525,356

Granted in 2015 (vesting over 3 years)

 

125,000

Granted in 2015 (vesting over 4 years)

 

5,000

Granted in 2015 (vesting on first anniversary from date of issuance)

 

16,440

Vested in 2015

 

(275,201)

Restricted stock at December 31, 2015

 

396,595

Granted in 2016 (vesting over 2 years)

 

20,000

Granted in 2016 (vesting over 3 years)

 

75,000

Granted in 2016 (vesting over 4 years)

 

13,250

Vested in 2016

 

(61,083)

Cancelled in 2016

 

(17,166)

Restricted stock at March 31, 2016

 

426,596

 

All cancelled shares have reverted to the share reserve and are available for issuance at a later date, in accordance with the 2007 Plan.

 

Our accounting policy is to recognize the associated expense of such awards on a straight-line basis over the vesting period. At March 31, 2016, the stock compensation expense related to the restricted stock awards that will be recognized over the average remaining vesting period of 2.0 years totals $5.9 million. At March 31, 2016, the intrinsic value of unvested restricted stock awards is $9.2 million. The 2007 Plan terminates on May 24, 2017.

 

13


 

6.  Income Taxes

 

Income tax expense for the three months ended March 31, 2016 and March 31, 2015 was $2.9 million and $1.4 million, respectively.  The effective tax rates for the three months ended March 31, 2016 and March 31, 2015 were 43.7% and 38.5%, respectively.  The increase was primarily due to the impact of the IRS code 162(m) calculation for executive compensation for the three months ended March 31, 2016.

 

The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur.  Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.

 

7.  Fair Value of Financial Instruments

 

The carrying amount reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, operating lease related receivable and accounts payable approximates fair value because of the immediate or short-term maturity of these financial instruments.

 

The carrying amount of the Company’s outstanding balance on its Notes Payable as of March 31, 2016 and December 31, 2015 was estimated to have a fair value of approximately $872.9 million and $890.1 million, respectively, based on the fair value of estimated future payments calculated using the prevailing interest rates at each period end.

 

8. Operating Segments

 

The Company operates in two business segments: (i) Leasing and Related Operations which involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and (ii) Spare Parts Sales which involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components and leasing of engines destined for disassembly and sale of parts.

 

The Company evaluates the performance of each of the segments based on profit or loss after general and administrative expenses and inter-company allocation of interest expense. While the Company believes there are synergies between the two business segments, the segments are managed separately because each requires different business strategies.

 

14


 

The following tables present a summary of the operating segments (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Leasing and 

    

 

 

    

 

 

 

 

For the three months ended March 31, 2016

 

Related Operations

 

Spare Parts Sales

 

Eliminations (1)

 

Total

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Lease rent revenue

 

$

28,139

 

$

 —

 

$

 —

 

$

28,139

Maintenance reserve revenue

 

 

15,819

 

 

 —

 

 

 —

 

 

15,819

Spare parts sales

 

 

 —

 

 

2,609

 

 

 —

 

 

2,609

Gain on sale of leased equipment

 

 

2,989

 

 

 —

 

 

 —

 

 

2,989

Other revenue

 

 

933

 

 

358

 

 

(291)

 

 

1,000

Total revenue

 

 

47,880

 

 

2,967

 

 

(291)

 

 

50,556

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

16,562

 

 

82

 

 

 —

 

 

16,644

Cost of spare parts sales

 

 

 —

 

 

1,915

 

 

 —

 

 

1,915

General and administrative

 

 

10,980

 

 

772

 

 

 —

 

 

11,752

Net finance costs

 

 

9,913

 

 

95

 

 

 —

 

 

10,008

Other expense

 

 

3,732

 

 

 —

 

 

 —

 

 

3,732

Total expenses

 

 

41,187

 

 

2,864

 

 

 —

 

 

44,051

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

6,693

 

$

103

 

$

(291)

 

$

6,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Leasing and 

    

 

 

    

 

 

 

 

For the three months ended March 31, 2015

 

Related Operations

 

Spare Parts Sales

 

Eliminations (1)

 

Total

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Lease rent revenue

 

$

25,097

 

$

 —

 

$

 —

 

$

25,097

Maintenance reserve revenue

 

 

14,148

 

 

 —

 

 

 —

 

 

14,148

Spare parts sales

 

 

 —

 

 

2,151

 

 

 —

 

 

2,151

Gain on sale of leased equipment

 

 

662

 

 

 —

 

 

 —

 

 

662

Other revenue

 

 

617

 

 

295

 

 

(156)

 

 

756

Total revenue

 

 

40,524

 

 

2,446

 

 

(156)

 

 

42,814

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

17,633

 

 

72

 

 

 —

 

 

17,705

Cost of spare parts sales

 

 

 —

 

 

1,480

 

 

 —

 

 

1,480

General and administrative

 

 

9,337

 

 

635

 

 

 —

 

 

9,972

Net finance costs

 

 

8,326

 

 

90

 

 

 —

 

 

8,416

Other expense

 

 

1,856

 

 

 —

 

 

 —

 

 

1,856

Total expenses

 

 

37,152

 

 

2,277

 

 

 —

 

 

39,429

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

3,372

 

$

169

 

$

(156)

 

$

3,385

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Represents revenue generated between our

       operating segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of March 31, 2016

 

$

1,252,992

 

$

24,468

 

$

 —

 

$

1,277,460

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of December 31, 2015

 

$

1,269,396

 

$

26,586

 

$

 —

 

$

1,295,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9. Subsequent Events

 

On April 20, 2016 we entered into a Third Amended and Restated Credit Agreement which increased the revolving credit facility to $890.0 million from $700.0 million and extended the term to April 2021.    This $890 million revolving credit facility has an accordion feature up to $1 billion.  The initial interest rate on the facility is LIBOR plus 2.75%.  Quarterly, the interest rate is adjusted based on the Company’s leverage ratio, as calculated under the terms of the revolving credit facility.

 

 

 

15


 

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Overview

 

Our core business is acquiring and leasing, primarily pursuant to operating leases, commercial aircraft engines and related aircraft equipment; and the selective purchase and sale of commercial aircraft engines (collectively “equipment”).  In 2013, we launched Willis Aeronautical Services, Inc. (“Willis Aero”), a wholly-owned subsidiary, whose primary focus is the sale of aircraft engine parts and materials through the acquisition or consignment of aircraft and engines from third parties.

 

Critical Accounting Policies and Estimates

 

There have been no material changes to our critical accounting policies and estimates from the information provided in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Policies and Estimates included in our 2015 Form 10-K.

 

Results of Operations

 

Three months ended March 31, 2016, compared to the three months ended March 31, 2015:

 

Lease Rent Revenue. Lease rent revenue for the three months ended March 31, 2016 increased 12.1% to $28.1 million from the comparable period in 2015. This increase primarily reflects a higher average portfolio utilization in the current period, which translated into a higher amount of equipment on lease. The aggregate net book value of lease equipment at March 31, 2016 and 2015 was $1,101.6 million and $1,050.9 million, respectively, an increase of 4.8%. The average utilization for the three months ended March 31, 2016 and 2015 was 87% and 81%, respectively. At March 31, 2016 and 2015, approximately 90% and 83%, respectively, of equipment held for lease by book value was on lease.

 

During the three months ended March 31, 2016, we added $42.1 million of equipment and capitalized costs to the lease portfolio. During the three months ended March 31, 2015, we added $2.7 million of equipment and capitalized costs to the lease portfolio.

 

Maintenance Reserve Revenue. Our maintenance reserve revenue for the three months ended March 31, 2016 increased 11.8% to $15.8 million from $14.1 million for the comparable period in 2015. The increase was due to higher maintenance reserve revenues related to the termination of long term leases and higher maintenance reserves billed reflecting increased usage of engines under lease resulting from higher portfolio utilization in the three months ended March 31, 2016 than in the year ago period. 

 

Spare Parts and Equipment Sales. Spare parts and equipment sales for the three months ended March 31, 2016 were $2.6 million compared to $2.2 million in the comparable period in 2015.  The increase was due to the growth in spare parts sales due to an increase in inventory acquisitions.

 

Gain on Sale of Leased Equipment. During the three months ended March 31, 2016, we sold one airframe, six engines and other related equipment generating a net gain of $3.0 million. During the three months ended March 31, 2015, we sold one engine and sold other related equipment generating a net gain of $0.7 million.

 

Other Revenue. Our other revenue consists primarily of management fee income, lease administration fees and third party consignment commissions earned by Willis Aero.  Other revenue increased to $1.0 million from $0.8 million for the comparable period in 2015 primarily due to an increase in fees earned related to engines managed on behalf of third parties.

 

Depreciation and Amortization Expense. Depreciation and amortization expense decreased 6.0% to $16.6 million for the three months ended March 31, 2016 from $17.7 million in the comparable period in 2015, due to

16


 

certain engines becoming fully depreciated during the quarter.  As of July 1, 2015, we adjusted the depreciation for certain older engine types. It is our policy to review estimates regularly to reflect the cost of equipment over the useful life of these engines. The 2015 change in depreciation estimate did not have a material impact on depreciation in the current period.

 

Cost of Spare Parts and Equipment Sales. Cost of spare parts and equipment sales was $1.9 million for the three months ended March 31, 2016 compared to $1.5 million for the comparable period in 2015. Gross margin on parts sales for the three months ended March 31, 2016 quarter was 26.6% compared to 31.2% for the comparable period in 2015 primarily due to a change in the mix of parts sold in 2016.

 

Write-down of Equipment.   Write-down of equipment was $2.0 million and $0.0 million in the three months ended March 31, 2016 and 2015, respectively.  A write-down of equipment totaling $2.0 million was recorded in the three months ended March 31, 2016 due to a management decision to consign one engine for part-out and sale, in which the asset’s net book value exceeded the estimated proceeds. A write-down of equipment totaling $24,000 was recorded in the three months ended March 31, 2015 due to a management decision to consign an engine for part-out and sale, in which the asset’s net book value exceeds the estimated proceeds from part-out.

 

General and Administrative Expenses. General and administrative expenses increased 17.8% to $11.8 million for the three months ended March 31, 2016, from $10.0 million in the comparable period in 2015, due primarily to increased legal expense ($0.6 million), higher salary expense ($0.5 million) due to increased head count, higher  contingency bonus resulting from improved operating profits ($0.4 million),  and higher corporate aircraft expense ($0.4 million).

 

Technical Expense. Technical expenses consist of the cost of engine repairs, engine thrust rental fees, outsourced technical support services, engine storage and freight costs. These expenses decreased 7.4% to $1.7 million for the three months ended March 31, 2016 compared to the year ago period due to lower engine technical services expense ($0.2 million) due to lower engine returns.  This decrease was partially offset by higher maintenance costs ($0.1 million) due to increased repair activity.

 

Net Finance Costs. Net finance costs increased 18.9% to $10.0 million for the three months ended March 31, 2016, from $8.4 million in the comparable period in 2015, due primarily to a gain on the extinguishment of debt of $1.2 million recorded during the three months ended March 31, 2015 partially offset by higher average debt balances in the current quarter compared to the year ago period. The average notes payable balances at March 31, 2016 and 2015, were $880.1 million and $841.9 million, respectively, an increase of 4.5%. As of March 31, 2016, $551.7 million of our debt is tied to one-month U.S. dollar LIBOR which increased from an average of 0.17% for the three months ended March 31, 2015 to an average of 0.43% for the three months ended March 31, 2016 (average of month-end rates). As of March 31, 2016 and 2015, one-month LIBOR was 0.43% and 0.18%, respectively.

 

Income Tax Expense. Income tax expense for the three months ended March 31, 2016 and 2015 was $2.9 million and $1.4 million, respectively. The effective tax rates for the three months ended March 31, 2016 and 2015 were 43.7% and 38.5%, respectively.  This increase was due to the impact of the IRS code 162(m) calculation for executive compensation during the three months ended March 31, 2016.

 

The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur. Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.

 

Liquidity and Capital Resources

 

We finance our growth through borrowings secured by our equipment lease portfolio. Cash of approximately $20.0 million and $31.0 million in the three-month periods ended March 31, 2016 and 2015, respectively, was

17


 

derived from this activity. In these same time periods, $36.9 million and $28.6 million, respectively, was used to pay down related debt. Cash flow from operating activities was $20.1 million and $20.6 million in the three-month periods ended March 31, 2016 and 2015, respectively.

 

At March 31, 2016, $4.7 million in cash and cash equivalents and restricted cash were held in foreign subsidiaries. We do not intend to repatriate the funds held in foreign subsidiaries to the United States. In the event that we decide to repatriate these funds to the United States, we would be required to accrue and pay taxes upon the repatriation.

 

Our primary use of funds is for the purchase of equipment for lease. Purchases of equipment (including capitalized costs) totaled $44.4 million and $17.9 million for the three-month periods ended March 31, 2016 and 2015, respectively.

 

Cash flows from operations are driven significantly by payments made under our lease agreements, which comprise lease rent revenue, security deposits and maintenance reserves, and are offset by net finance costs and general and administrative costs. Note that cash received from maintenance reserve arrangements for some of our engines on lease are restricted per our WEST II debt agreement. Cash from WEST II engine maintenance reserve payments, that can be used to fund future maintenance events, are held in the restricted cash account equal to the maintenance obligations projected for the subsequent six months, and are subject to a minimum balance of $9.0 million. The lease revenue stream, in the short-term, is at fixed rates while a portion of our debt is at variable rates. If interest rates increase, it is unlikely we could increase lease rates in the short term and this would cause a reduction in our earnings and operating cash flows. Lease rent revenue and maintenance reserves are also affected by the amount of equipment off-lease. Approximately 90%, by book value, of our assets were on lease at March 31, 2016 and December 31, 2015. The average utilization rate was 87% and 81% for the three-month periods ended March 31, 2016 and March 31, 2015, respectively.  If there is any increase in off-lease rates or deterioration in lease rates that are not offset by reductions in interest rates, there will be a negative impact on earnings and cash flows from operations.

 

Notes payable consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31,

    

December 31,

 

 

    

2016

 

2015

 

 

 

(in thousands)

 

Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines. The facility has a committed amount of $700.0 million at March 31, 2016, which revolves until the maturity date of June 2019.

 

$

539,000

 

$

549,000

 

 

 

 

 

 

 

 

 

WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.

 

 

294,337

 

 

300,467

 

 

 

 

 

 

 

 

 

Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.

 

 

15,719

 

 

16,135

 

 

 

 

 

 

 

 

 

Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.

 

 

12,739

 

 

13,082

 

 

 

 

 

 

 

 

 

Notes payable

 

 

861,795

 

 

878,684

 

 

 

 

 

 

 

 

 

Less: unamortized debt issuance costs

 

 

(11,764)

 

 

(12,595)

 

Total notes payable

 

$

850,031

 

$

866,089

 

 

At March 31, 2016 , we had a revolving credit facility to finance the acquisition of aircraft engines for lease as well as for general working capital purposes.  On April 20, 2016 we entered into a Third Amended and Restated

18


 

Credit Agreement which increased the revolving credit facility to $890.0 million from $700.0 million and extended the term to April 2021.    This $890 million revolving credit facility has an accordion feature up to $1 billion.  The initial interest rate on the facility is LIBOR plus 2.75%.  Quarterly, the interest rate is adjusted based on the Company’s leverage ratio, as calculated under the terms of the revolving credit facility.

 

Virtually all of the above debt is subject to our ongoing compliance with the covenants of each financing, including debt/equity ratios, minimum tangible net worth and minimum interest coverage ratios, and other eligibility criteria including customer and geographic concentration restrictions. In addition, under these facilities, we can typically borrow up to 85% of an engine’s net book value and 65% of spare part’s net book value. Therefore we must have other available funds for the balance of the purchase price of any new equipment to be purchased or we will not be permitted to draw on these facilities. The facilities are also cross-defaulted against other facilities. If we do not comply with the covenants or eligibility requirements, we may not be permitted to borrow additional funds and accelerated payments may become necessary. Additionally, much of the above debt is secured by engines to the extent that engines are sold, repayment of that portion of the debt could be required.

 

At March 31, 2016, we are in compliance with the covenants specified in the revolving credit facility, including the Interest Coverage Ratio requirement of at least 2.25 to 1.00, and the Total Leverage Ratio requirement to remain below 5.00 to 1.00. As defined in the revolving credit facility Credit Agreement, the Interest Coverage Ratio is the ratio of Earnings before Interest, Taxes, Depreciation and Amortization and other one-time charges (EBITDA) to Consolidated Interest Expense and the Total Leverage Ratio is the ratio of Total Indebtedness to Tangible Net Worth. At March 31, 2016, we are in compliance with the covenants specified in the WEST II indenture and servicing agreement.

 

For further information on our debt instruments, see the "Notes Payable" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015.

 

Approximately $22.9 million of our debt is repayable during the next 12 months. Such repayments consist of scheduled installments due under term loans. Repayments are funded by the use of unrestricted cash reserves and from cash flows from ongoing operations. The table below summarizes our contractual commitments at March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payment due by period (in thousands)

 

 

 

 

 

Less than

 

 

 

 

 

 

 

More than

 

 

Total

 

1 Year

 

1-3 Years

 

3-5 Years

 

5 Years

Long-term debt obligations

 

$

861,795

 

$

22,939

 

$

56,964

 

$

585,343

 

$

196,549

Interest payments under long-term debt

    obligations

 

 

145,062

 

 

35,287

 

 

66,663

 

 

28,428

 

 

14,684

Operating lease obligations

 

 

2,715

 

 

1,119

 

 

1,427

 

 

169

 

 

 -

Total

 

$

1,009,572

 

$

59,345

 

$

125,054

 

$

613,940

 

$

211,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We have estimated the interest payments due under long-term debt by applying the interest rates applicable at March 31, 2016 to the remaining debt, adjusted for the estimated debt repayments identified in the table above. Actual interest payments made will vary due to changes in the rates for one-month LIBOR.

 

We believe our equity base, internally generated funds and existing debt facilities are sufficient to maintain our level of operations for the next twelve months. A decline in the level of internally generated funds, resulting from an increase in the amount of equipment off-lease or a decrease in availability under our existing debt facilities, would impair our ability to sustain our level of operations. We continually discuss additions to our capital base with our commercial and investment banks. If we are not able to access additional capital, our ability to grow

19


 

our asset base consistent with historical trends will be impaired and our future growth limited to that which can be funded from internally generated capital.

 

Recent Accounting Pronouncements

 

A discussion of recent accounting pronouncements is included in the Notes to Condensed Consolidated Financial Statements of this Form 10-Q in “Note 1. Summary of Significant Accounting Policies” under the heading "Recent Accounting Pronouncements" and is incorporated herein by reference.

 

Management of Interest Rate Exposure

 

At March 31, 2016, $551.7 million of our borrowings were on a variable rate basis at various interest rates tied to one-month LIBOR. Our equipment leases are generally structured at fixed rental rates for specified terms. Increases in interest rates could narrow or result in a negative spread, between the rental revenue we realize under our leases and the interest rate that we pay under our borrowings. We periodically enter into interest rate derivative instruments to mitigate our exposure to interest rate risk and not to speculate or trade in these derivative products. We currently have no interest rate swap agreements in place.

 

 

Item 3.Quantitative and Qualitative Disclosures about Market Risk

 

Our primary market risk exposure is that of interest rate risk. A change in LIBOR rates would affect our cost of borrowing. Increases in interest rates, which may cause us to raise the implicit rates charged to our customers, could result in a reduction in demand for our leases. Alternatively, we may price our leases based on market rates so as to keep the fleet on-lease and suffer a decrease in our operating margin due to interest costs that we are unable to pass on to our customers. As of March 31, 2016, $551.7 million of our outstanding debt is variable rate debt. We estimate that for every one percent increase or decrease in interest rates on our variable rate debt (net of derivative instruments), our annual interest expense would increase or decrease $5.5 million.

 

We are also exposed to currency devaluation risk. All of our leases require payment in U.S. dollars. During the three months ended March 31, 2016, 91% of our lease rent revenues came from non-United States domiciled lessees.  If these lessees’ currency devalues against the U.S. dollar, the lessees could potentially encounter difficulty in making their lease payments.

 

No customer accounted for more than 10% of total lease rent revenue during the three months ended March 31, 2016 and 2015.

 

 

 

Item 4.Controls and Procedures

 

(a) Evaluation of disclosure controls and procedures. Based on management’s evaluation (with the participation of our Chief Executive Officer (CEO) and Interim Chief Financial Officer (CFO)), as of the end of the period covered by this report, our CEO and CFO have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)), are effective to provide reasonable assurance that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and is accumulated and communicated to management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

 

20


 

Inherent Limitations on Controls

 

Management, including the CEO and CFO, does not expect that our disclosure controls and procedures will prevent or detect all error and fraud. Any control system, no matter how well designed and operated, is based upon certain assumptions and can provide only reasonable, not absolute, assurance that its objectives will be met. Further, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.

 

(b) Changes in internal control over financial reporting. There has been no change in our internal control over financial reporting during our fiscal quarter ended March 31, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II — OTHER INFORMATION

 

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

 

(a) None.

 

(b) None.

 

(c) Issuer Purchases of Equity Securities. On September 27, 2012, the Company announced that its Board of Directors has authorized a plan to repurchase up to $100.0 million of its common stock over the next 5 years. The Board of Directors reaffirmed the repurchase plan on April 21, 2015.  This plan extends the previous plan authorized on December 8, 2009, and increases the number of shares authorized for repurchase to up to $100.0 million.

 

Common stock repurchases, under our authorized plan, in the three months ended March 31, 2016 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Approximate

 

 

 

 

 

 

 

 

Total Number of

 

Dollar Value of

 

 

 

 

 

 

Average

 

Shares Purchased

 

Shares that May

 

 

Total Number of

 

 

Price

 

as Part of Publicly

 

Yet be Purchased

Period

 

Shares Purchased

 

 

per Share

 

Announced Plans

 

Under the Plans

 

 

(in thousands, except per share data)

January 1, 2016 - January 31, 2016

 

 

 —

 

$

 —

 

 

 —

 

$

61,779

February 1, 2016 - February 29, 2016

 

 

 —

 

$

 —

 

 

 —

 

$

61,779

March 1, 2016 - March 31, 2016

 

 

200

 

$

21.95

 

 

200

 

$

57,389

Total

 

 

200

 

$

21.95

 

 

200

 

$

57,389

 

 

 

 

 

ITEM 5.OTHER INFORMATION

 

As previously disclosed in a Form 8-K filed on November 13, 2015, Donald A. Nunemaker, announced his decision to retire as President of the Company, effective March 31, 2016 or shortly thereafter.  Following a professionally conducted search and as previously disclosed in a Form 8-K filed on January 20, 2016, the Company promoted its Chief Investment Officer, Brian R. Hole, to the office of President, effective as of April 1, 2016.

 

21


 

As previously disclosed in a Form 8-K filed on January 25, 2016, our Chief Financial Officer, Bradley S. Forsyth, announced his resignation from the Company effective as of February 18, 2016.  While searching for a permanent replacement and as previously disclosed in a Form 8-K filed on February 5, 2016, the Company has retained the temporary services of Ernest J. Furtado, who is serving as our Interim Chief Financial Officer.  Mr. Furtado recently retired from Textainer Group Holdings Limited, where he had served as Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Secretary.  Mr. Furtado is signing this Form 10-Q as he is currently performing the function of the Company's principal financial officer.

 

Item 6.Exhibits

 

(a) Exhibits.

 

EXHIBITS

 

 

 

 

Exhibit 
Number

 

Description

3.1 

 

Certificate of Incorporation, dated March 12, 1998, as amended by the Certificate of Amendment of Certificate of Incorporation, dated May 6, 1998 (incorporated by reference to Exhibit 3.1 to our report on Form 10-K filed on March 31, 2009).

3.2 

 

Bylaws, dated April 18, 2001 as amended by (1) Amendment to Bylaws, dated November 13, 2001, (2) Amendment to Bylaws, dated December 16, 2008, (3) Amendment to Bylaws, dated September 28, 2010, and (4) Amendment to Bylaws, dated August 5, 2013 (incorporated by reference to Exhibit 3.1 to our report on Form 8-K filed on August 9, 2013).

4.1 

 

Rights Agreement dated as of September 24, 1999, by and between Willis Lease Finance Corporation and American Stock Transfer and Trust Company, as Rights Agent (incorporated by reference to Exhibit 4.1 to Form 8-K filed on October 4, 1999).

4.2 

 

Second Amendment to Rights Agreement dated as of December 15, 2005, by and between Willis Lease Finance Corporation and American Stock Transfer and Trust Company, as Rights Agent (incorporated by reference to Exhibit 4.5 to our report on Form 10-K filed on March 31, 2009).

4.3 

 

Third Amendment to Rights Agreement dated as of September 30, 2008, by and between Willis Lease Finance Corporation and American Stock Transfer and Trust Company, as Rights Agent (incorporated by reference to Exhibit 4.6 to our report on Form 10-K filed on March 31, 2009).

4.4 

 

Form of Certificate of Designations of the Registrant with respect to the Series I Junior Participating Preferred Stock (formerly known as “Series A Junior Participating Preferred Stock”) (incorporated by reference to Exhibit 4.7 to our report on Form 10-K filed on March 31, 2009).

4.5 

 

Form of Amendment No. 1 to Certificate of Designations of the Registrant with respect to Series I Junior Participating Preferred Stock (incorporated by reference to Exhibit 4.8 to our report on Form 10-K filed on March 31, 2009).

10.1 

 

Form of Indemnification Agreement entered into between the Registrant and its directors and officers (incorporated by reference to Exhibit 10.1 to Form 8-K filed on October 1, 2010).

10.2 

 

1996 Stock Option/Stock Issuance Plan, as amended and restated as of March 1, 2003 (incorporated by reference to Exhibit 99.1 to Form S-8 filed on September 26, 2003).

10.3 

 

Amended and Restated 2007 Stock Incentive Plan (incorporated by reference to the Registrant’s Proxy Statement for 2015 Annual Meeting of Stockholders filed on April 28, 2015).

10.4 

 

Amended and Restated Employment Agreement between the Registrant and Charles F. Willis IV dated as of December 1, 2008 (incorporated by reference to Exhibit 10.1 to Form 8-K filed on December 22, 2008).

10.5 

 

Employment Agreement between the Registrant and Donald A. Nunemaker dated November 21, 2000 (incorporated by reference to Exhibit 10.3 to our report on Form 10-K filed on April 2, 2001).

10.6 

 

Amendment to Employment Agreement between Registrant and Donald A. Nunemaker dated December 31, 2008 (incorporated by reference to Exhibit 10.6 to our report on Form 10-Q filed on May 9, 2011).

22


 

10.7 

 

Employment Agreement between the Registrant and Bradley S. Forsyth dated February 20, 2007 (incorporated by reference to Exhibit 10.2 to Form 8-K filed on February 21, 2007).

10.8 

 

Amendment to Employment Agreement between Registrant and Bradley S. Forsyth dated December 31, 2008 (incorporated by reference to Exhibit 10.10 to our report on Form 10-Q filed on May 9, 2011).

10.9 

 

Employment Agreement between the Registrant and Dean M. Poulakidas dated March 31, 2013 (incorporated by reference to Exhibit 10.23 to Form 8-K filed on June 19, 2013).

10.10*

 

Indenture dated as of September 14, 2012 among Willis Engine Securitization Trust II, Deutsche Bank Trust Company Americas, as trustee, the Registrant and Crédit Agricole Corporate and Investment Bank (incorporated by reference to Exhibit 10.14 to our report on Form 10-Q filed on November 9, 2012).

10.11*

 

Security Trust Agreement dated as of September 14, 2012 by and among Willis Engine Securitization Trust II, Willis Engine Securitization (Ireland) Limited, the Engine Trusts listed on Schedule V thereto, each of the additional grantors referred to therein and from time to time made a party thereto and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 10.15 to our report on Form 10-Q filed on November 9, 2012).

10.12*

 

Note Purchase Agreement dated as of September 6, 2012 by and among Willis Engine Securitization Trust II, the Registrant, Credit Agricole Securities (USA) Inc. and Goldman, Sachs & Co. (incorporated by reference to Exhibit 10.16 to our report on Form 10-Q filed on November 9, 2012).

10.13*

 

Servicing Agreement dated as of September 17, 2012 between Willis Engine Securitization Trust II, the Registrant and the entities listed on Appendix A thereto (incorporated by reference to Exhibit 10.17 to our report on Form 10-Q filed on November 9, 2012).

10.14*

 

Administrative Agency Agreement dated as of September 17, 2012 among Willis Engine Securitization Trust II, the Registrant, Deutsche Bank Trust Company Americas, as trustee, and the entities listed on Appendix A thereto (incorporated by reference to Exhibit 10.18 to our report on Form 10-Q filed on November 9, 2012).

10.15*

 

Second Amended and Restated Credit Agreement, dated as of June 4, 2014, among the Company, Union Bank, N.A., as administrative agent and security agent, and certain lenders and financial institutions named therein (incorporated by reference to Exhibit 10.16 to our report on Form 10-Q filed on August 11, 2014).

10.16 

 

Employment Agreement between the Company and Brian R. Hole dated January 14, 2016 (incorporated by reference to Exhibit 10.1 filed on February 16, 2016).

10.17 

 

Employment Agreement between the Company and Austin C. Willis dated February 9, 2016 (incorporated by reference to Exhibit 10.1 filed on February 16, 2016).

11.1 

 

Statement re Computation of Per Share Earnings.

14.1 

 

Code of Ethics (incorporated by reference to Exhibit 14.1 to our report on Form 10-K filed on March 11, 2016).

31.1 

 

Certification of Charles F. Willis, IV, pursuant to Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2 

 

Certification of Ernest J. Furtado, pursuant to Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32 

 

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS

 

XBRL Instance Document

101.SCH

 

XBRL Taxonomy Extension Schema

101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase

101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase

 


23


 

*Confidential treatment has been granted for certain portions of this exhibit. These portions have been omitted and filed separately with the SEC.

 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: May 10, 2016

 

 

 

 

 

 

Willis Lease Finance Corporation

 

 

 

 

By:

/s/ Ernest J. Furtado

 

 

Ernest J. Furtado

Interim Chief Financial Officer

(Principal Accounting Officer)

 

 

 

 

 

 

 

 

 

 

24


EX-11.1 2 wlfc-20160331ex1118e1f7a.htm EX-11.1 EX11_1

Exhibit 11.1

 

WILLIS LEASE FINANCE CORPORATION

AND SUBSIDIARIES

Computation of Earnings Per Share

(In thousands, except per share data, unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

    

 

 

 

    

2016

    

2015

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

 

 

$

3,768 

 

$

2,298 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

 

 

 

 

 

 

7,149 

 

 

7,848 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

 

 

 

 

 

 

$

0.53 

 

$

0.29 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assuming full dilution

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

 

 

$

3,768 

 

$

2,298 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Average common shares outstanding

 

 

 

 

 

 

 

 

7,149 

 

 

7,848 

 

Potentially dilutive common shares outstanding

 

 

 

 

 

 

 

 

123 

 

 

196 

 

Diluted average common shares outstanding

 

 

 

 

 

 

 

 

7,272 

 

 

8,044 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

 

 

 

 

 

 

$

0.52 

 

$

0.29 

 

 

Supplemental information:

 

The difference between average common shares outstanding to calculate basic and assuming full dilution is due to options outstanding under the 1996 Stock Options/Stock Issuance Plan and restricted stock issued under the 2007 Stock Incentive Plan.

 

 


EX-31.1 3 wlfc-20160331ex3110e1822.htm EX-31.1 EX31_1

 

Exhibit 31.1

 

CERTIFICATIONS

 

I, Charles F. Willis IV, certify that:

 

1. I have reviewed this report on Form 10-Q of Willis Lease Finance Corporation;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

 

 

Date:

May 10, 2016

 

/s/ Charles F. Willis, IV

 

 

 

Charles F. Willis, IV

 

 

 

Chief Executive Officer

 


EX-31.2 4 wlfc-20160331ex3128104af.htm EX-31.2 EX31_2

Exhibit 31.2

 

CERTIFICATIONS

 

I, Ernest J. Furtado, certify that:

 

1. I have reviewed this report on Form 10-Q of Willis Lease Finance Corporation;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

 

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

 

 

Date:

May 10, 2016

 

/s/ Ernest J. Furtado

 

 

 

Ernest J. Furtado

Interim Chief Financial Officer

 

 

 

 

 

 

 

 

 

 


EX-32 5 wlfc-20160331xex32.htm EX-32 EX32

 

Exhibit 32

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

Each of the undersigned hereby certifies, in his or her capacity as an officer of Willis Lease Finance Corporation (the “Company”), for purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his or her knowledge:

 

the Quarterly Report of the Company on Form 10-Q for the period ended March 31, 2016 fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934; and

 

the information contained in such report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

 

 

Dated:  May 10, 2016

 

 

 

 

 

/s/ Charles F. Willis, IV

 

Chief Executive Officer

 

 

 

 

 

/s/ Ernest J. Furtado

 

Interim Chief Financial Officer

 

 

 


EX-101.INS 6 wlfc-20160331.xml EX-101.INS 0001018164 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2016-03-31 0001018164 us-gaap:FairValueMeasurementsNonrecurringMember 2016-03-31 0001018164 us-gaap:FairValueInputsLevel1Member 2016-03-31 0001018164 us-gaap:FairValueInputsLevel1Member 2015-03-31 0001018164 us-gaap:CommonStockMember 2016-01-01 2016-03-31 0001018164 us-gaap:CommonStockMember 2015-01-01 2015-03-31 0001018164 us-gaap:RetainedEarningsMember 2016-03-31 0001018164 us-gaap:AdditionalPaidInCapitalMember 2016-03-31 0001018164 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-03-31 0001018164 us-gaap:RetainedEarningsMember 2015-12-31 0001018164 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001018164 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0001018164 us-gaap:RetainedEarningsMember 2015-03-31 0001018164 us-gaap:AdditionalPaidInCapitalMember 2015-03-31 0001018164 us-gaap:RetainedEarningsMember 2014-12-31 0001018164 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0001018164 us-gaap:CommonStockMember 2016-03-31 0001018164 us-gaap:CommonStockMember 2015-12-31 0001018164 us-gaap:CommonStockMember 2015-03-31 0001018164 us-gaap:CommonStockMember 2014-12-31 0001018164 wlfc:IncentiveAwardPlan2007Member 2015-05-28 0001018164 wlfc:IncentiveAwardPlan2007Member 2007-05-24 0001018164 wlfc:IncentiveAwardPlan2007Member 2015-01-01 2015-12-31 0001018164 wlfc:IncentiveAwardPlan2007Member 2016-03-31 0001018164 wlfc:IncentiveAwardPlan2007Member 2015-12-31 0001018164 wlfc:IncentiveAwardPlan2007Member 2014-12-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member wlfc:AwardsVestingOnFirstAnniversaryMember 2015-01-01 2015-12-31 0001018164 wlfc:IncentiveAwardPlan2007Member 2016-01-01 2016-03-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member wlfc:AwardsVestingOverTwoYearMember 2016-01-01 2016-03-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member wlfc:AwardsVestingOverThreeYearsMember 2016-01-01 2016-03-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member wlfc:AwardsVestingOverFourYearsMember 2016-01-01 2016-03-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member wlfc:AwardsVestingOverThreeYearsMember 2015-01-01 2015-12-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member wlfc:AwardsVestingOverFourYearsMember 2015-01-01 2015-12-31 0001018164 wlfc:CascWillisEngineLeaseCompanyLimitedMember 2014-10-01 2014-10-31 0001018164 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-03-31 0001018164 wlfc:CascWillisEngineLeaseCompanyLimitedMember 2016-01-01 2016-03-31 0001018164 us-gaap:IntersegmentEliminationMember 2016-01-01 2016-03-31 0001018164 us-gaap:IntersegmentEliminationMember 2015-01-01 2015-03-31 0001018164 us-gaap:FairValueInputsLevel3Member 2016-03-31 0001018164 us-gaap:FairValueInputsLevel3Member 2015-12-31 0001018164 us-gaap:RetainedEarningsMember 2016-01-01 2016-03-31 0001018164 us-gaap:RetainedEarningsMember 2015-01-01 2015-03-31 0001018164 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember 2016-04-19 0001018164 us-gaap:RevolvingCreditFacilityMember 2016-04-19 0001018164 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember 2016-04-20 0001018164 wlfc:WillisMitsuiAndCompanyEngineSupportLimitedMember 2015-01-01 2015-03-31 0001018164 wlfc:CascWillisEngineLeaseCompanyLimitedMember 2016-03-31 0001018164 wlfc:WillisMitsuiAndCompanyEngineSupportLimitedMember 2015-12-31 0001018164 wlfc:CascWillisEngineLeaseCompanyLimitedMember 2015-12-31 0001018164 wlfc:WillisMitsuiAndCompanyEngineSupportLimitedMember 2016-03-31 0001018164 wlfc:WillisMitsuiAndCompanyEngineSupportLimitedMember 2015-03-31 0001018164 wlfc:CascWillisEngineLeaseCompanyLimitedMember 2014-06-03 0001018164 wlfc:WillisMitsuiAndCompanyEngineSupportLimitedMember 2016-01-01 2016-03-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member 2016-03-31 0001018164 us-gaap:RestrictedStockMember wlfc:IncentiveAwardPlan2007Member 2016-01-01 2016-03-31 0001018164 2015-01-01 2015-12-31 0001018164 wlfc:NotesPayableDueJuly2024Member us-gaap:MinimumMember 2016-03-31 0001018164 wlfc:NotesPayableDueJuly2024Member us-gaap:MaximumMember 2016-03-31 0001018164 wlfc:WillisEngineSecuritizationTrustIIMember wlfc:Class2012ATermNotesMember 2016-03-31 0001018164 wlfc:SecuredDebt2.25PercentFourYearMember 2016-03-31 0001018164 wlfc:SecuredCreditFacilityDueJune2019Member 2016-03-31 0001018164 wlfc:NotesPayableDueJuly2024Member 2016-03-31 0001018164 wlfc:WillisEngineSecuritizationTrustIIMember wlfc:Class2012ATermNotesMember 2015-12-31 0001018164 wlfc:SecuredDebt2.25PercentFourYearMember 2015-12-31 0001018164 wlfc:SecuredCreditFacilityDueJune2019Member 2015-12-31 0001018164 wlfc:NotesPayableDueJuly2024Member 2015-12-31 0001018164 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-04-20 2016-04-20 0001018164 us-gaap:RevolvingCreditFacilityMember us-gaap:SubsequentEventMember 2016-04-20 2016-04-20 0001018164 wlfc:SecuredDebt2.25PercentFourYearMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-03-31 0001018164 wlfc:SecuredCreditFacilityDueJune2019Member us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-03-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:SparePartsSalesSegmentMember 2016-01-01 2016-03-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:LeasingAndRelatedOperationsSegmentMember 2016-01-01 2016-03-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:SparePartsSalesSegmentMember 2015-01-01 2015-03-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:LeasingAndRelatedOperationsSegmentMember 2015-01-01 2015-03-31 0001018164 2015-03-31 0001018164 2014-12-31 0001018164 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-03-31 0001018164 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2015-12-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:SparePartsSalesSegmentMember 2016-03-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:LeasingAndRelatedOperationsSegmentMember 2016-03-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:SparePartsSalesSegmentMember 2015-12-31 0001018164 us-gaap:OperatingSegmentsMember wlfc:LeasingAndRelatedOperationsSegmentMember 2015-12-31 0001018164 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-03-31 0001018164 us-gaap:AdditionalPaidInCapitalMember 2015-01-01 2015-03-31 0001018164 2015-01-01 2015-03-31 0001018164 2016-03-31 0001018164 2015-12-31 0001018164 2016-05-03 0001018164 2016-01-01 2016-03-31 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --12-31 Q1 2016 2016-03-31 10-Q 0001018164 7320306 Yes Accelerated Filer WILLIS LEASE FINANCE CORP <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">2.&nbsp; Management Estimates</font> </p> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The preparation of consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to residual values, estimated asset lives, impairments and bad debts. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Management believes that the accounting policies on revenue recognition, maintenance reserves and expenditures, useful life of equipment, asset residual values, asset impairment and allowance for doubtful accounts are critical to the results of operations.</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">If the useful lives or residual values are lower than those estimated by us, upon sale of the asset a loss may be realized. Significant management judgment is required in the forecasting of future operating results, which are used in the preparation of projected undiscounted cash-flows and should different conditions prevail, material impairment write-downs may occur.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 21665000 23087000 14072000 15690000 11102000 4902000 -521000 -809000 28720000 24925000 1074000 1074000 944000 944000 20526000 19293000 912000 1121000 1072000 1071000 400000 600000 1295982000 1269396000 26586000 1277460000 1252992000 24468000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(a)&nbsp;&nbsp;&nbsp;&nbsp;Basis of Presentation: </font> </p> <p style="margin:0pt 0pt 0pt 36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Our unaudited consolidated financial statements include the accounts of Willis Lease Finance Corporation and its subsidiaries (&#x201C;we&#x201D; or the &#x201C;Company&#x201D;) and have been prepared pursuant to the rules&nbsp;and regulations of the Securities and Exchange Commission for reporting on Form&nbsp;10-Q. Pursuant to such rules&nbsp;and regulations, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, together with Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31,&nbsp;2015.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal and recurring adjustments) necessary to present fairly our financial position as of March 31, 2016 and December&nbsp;31, 2015, and the results of our operations for the three months ended March 31, 2016 and 2015, and our cash flows for the three months ended March 31, 2016 and 2015. The results of operations and cash flows for the period ended March 31, 2016 are not necessarily indicative of the results of operations or cash flows which may&nbsp;be reported for the remainder of 2016.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 169000 6778000 33776000 32156000 13493000 15635000 9732000 12743000 0.01 0.01 20000000 20000000 7423654 7423654 7548395 7548395 75000 74000 2298000 3480000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(b)&nbsp;&nbsp;&nbsp;&nbsp;Principals of Consolidation: </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We evaluate all entities in which we have an economic interest firstly to determine whether for accounting purposes the entity is a variable interest entity or voting interest entity. If the entity is a variable interest entity we consolidate the financial statements of that entity if we are the primary beneficiary of the entities&#x2019; activities. If the entity is a voting interest entity we consolidate the entity when we have a majority of voting interests. All inter-company balances are eliminated upon consolidation.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 39429000 37152000 2277000 44051000 41187000 2864000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">4.&nbsp; Notes Payable</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Notes payable consisted of the following:</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March 31,</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Credit facility at a floating rate of interest of LIBOR plus </font><font style="display:inline;font-size:10pt;">2.75%</font><font style="display:inline;font-size:10pt;">, secured by engines. The facility has a committed amount of </font><font style="display:inline;font-size:10pt;">$700.0</font><font style="display:inline;font-size:10pt;"> million at March&nbsp;31, 2016, which revolves until the maturity date of June 2019.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>539,000 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>549,000 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">WEST II Series&nbsp;2012-A term notes payable at a fixed rate of interest of </font><font style="display:inline;font-size:10pt;">5.50%</font><font style="display:inline;font-size:10pt;">, maturing in September&nbsp;2037. Secured by engines.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>294,337 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300,467 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Note payable at fixed interest rates ranging from </font><font style="display:inline;font-size:10pt;">2.60%</font><font style="display:inline;font-size:10pt;"> to </font><font style="display:inline;font-size:10pt;">2.97%</font><font style="display:inline;font-size:10pt;">, maturing in July 2024. Secured by an aircraft.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,719 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,135 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Note payable at a variable interest rate of LIBOR plus </font><font style="display:inline;font-size:10pt;">2.25%</font><font style="display:inline;font-size:10pt;">, maturing in January 2018. Secured by engines.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,739 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,082 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Notes payable</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>861,795 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>878,684 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Less: unamortized debt issuance costs</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,764) </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,595) </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total notes payable </font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,031 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>866,089 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">At March 31, 2016 , we had a revolving credit facility to finance the acquisition of aircraft engines for lease as well as for general working capital purposes.&nbsp;&nbsp;On April 20, 2016 we entered into a Third Amended and Restated Credit Agreement which increased the revolving credit facility to </font><font style="display:inline;font-size:10pt;">$890.0</font><font style="display:inline;font-size:10pt;"> million from </font><font style="display:inline;font-size:10pt;">$700.0</font><font style="display:inline;font-size:10pt;">&nbsp;</font><font style="display:inline;font-size:10pt;">million and extended the term to April 2021.&nbsp;&nbsp;&nbsp;&nbsp;This </font><font style="display:inline;font-size:10pt;">$890 </font><font style="display:inline;font-size:10pt;">million revolving credit facility has an accordion feature up to </font><font style="display:inline;font-size:10pt;">$1</font><font style="display:inline;font-size:10pt;"> billion.&nbsp;&nbsp;The initial interest rate on the facility is LIBOR plus </font><font style="display:inline;font-size:10pt;">2.75%</font><font style="display:inline;font-size:10pt;">.&nbsp;&nbsp;Quarterly, the interest rate is adjusted based on the Company&#x2019;s leverage ratio, as calculated under the terms of the revolving credit facility.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">For further information on our debt instruments, see the "Notes Payable" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following is a summary of the aggregate maturities of our long-term debt at March 31, 2016:</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 88.06%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Year</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:25.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,091 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2017</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,624 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2018</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,294 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>562,430 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,031 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>202,325 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>861,795 </td> </tr> </table></div> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 0.0275 0.0225 0.0275 0.0275 878684000 16135000 549000000 13082000 300467000 861795000 15719000 539000000 12739000 294337000 0.0550 0.0297 0.0260 0.0550 12595000 11764000 96742000 99347000 5090000 4351000 17705000 17633000 72000 16644000 16562000 82000 -441000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt 0pt 0pt 10.1pt;text-indent: -10.1pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">5. &nbsp;Stock-Based Compensation Plans</font> </p> <p style="margin:0pt 0pt 0pt 10.1pt;text-indent: -10.1pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our 2007 Stock Incentive Plan (the 2007 Plan) was adopted on May 24, 2007. Under this 2007 Plan, a total of </font><font style="display:inline;font-size:10pt;">2,000,000</font><font style="display:inline;font-size:10pt;"> shares are authorized for stock based compensation available in the form of either restricted stock or stock options.&nbsp;&nbsp;On May 28, 2015, the Company&#x2019;s shareholders authorized an increase in the number of shares of Common Stock available for grant by </font><font style="display:inline;font-size:10pt;">800,000</font><font style="display:inline;font-size:10pt;"> shares bringing the total to </font><font style="display:inline;font-size:10pt;">2,800,000</font><font style="display:inline;font-size:10pt;"> shares authorized.&nbsp; </font><font style="display:inline;font-size:10pt;">2,371,962</font><font style="display:inline;font-size:10pt;"> shares of restricted stock were granted under the 2007 Stock Incentive Plan by March 31, 2016. Of this amount, </font><font style="display:inline;font-size:10pt;">152,534</font><font style="display:inline;font-size:10pt;"> shares of restricted stock were cancelled and returned to the pool of shares which could be granted under the 2007 Stock Incentive Plan resulting in a net number of </font><font style="display:inline;font-size:10pt;">580,572</font><font style="display:inline;font-size:10pt;"> shares which were available as of March 31, 2016 for future issuance under the 2007 Incentive Plan. The fair value of the restricted stock awards equaled the stock price at the date of grants.&nbsp;&nbsp;The following table summarizes restricted stock activity during the year ended December 31, 2015 and the three months ended March 31, 2016.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Shares</font></p> </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Restricted stock at December&nbsp;31, 2014</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>525,356 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2015 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">3</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2015 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">4</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2015 (vesting on first anniversary from date of issuance)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,440 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Vested in 2015</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(275,201) </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Restricted stock at December&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>396,595 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2016 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">2</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2016 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">3</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2016 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">4</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,250 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Vested in 2016</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(61,083) </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Cancelled in 2016</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17,166) </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Restricted stock at March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>426,596 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">All cancelled shares have reverted to the share reserve and are available for issuance at a later date, in accordance with the 2007 Plan.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our accounting policy is to recognize the associated expense of such awards on a straight-line basis over the vesting period. At March 31, 2016, the stock compensation expense related to the restricted stock awards that will be recognized over the average remaining vesting period of </font><font style="display:inline;font-size:10pt;">2.0</font><font style="display:inline;font-size:10pt;"> years totals </font><font style="display:inline;font-size:10pt;">$5.9</font><font style="display:inline;font-size:10pt;"> million. At March 31, 2016, the intrinsic value of unvested restricted stock awards is </font><font style="display:inline;font-size:10pt;">$9.2</font><font style="display:inline;font-size:10pt;"> million. The 2007 Plan terminates on May&nbsp;24, 2017.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 0.29 0.53 0.29 0.52 0.385 0.437 P2Y 5900000 1832000 1696000 1167000 1167000 0.50 0.5 1.00 41295000 14023000 27272000 43272000 13709000 29563000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">3.&nbsp; Investments</font> </p> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On May 25, 2011, we entered into an agreement with Mitsui &amp; Co., Ltd. to participate in a joint venture formed as a Dublin-based Irish limited company &#x2014; Willis Mitsui &amp; Company Engine Support Limited (&#x201C;WMES&#x201D;) for the purpose of acquiring and leasing jet engines. Each partner holds a </font><font style="display:inline;font-size:10pt;">fifty</font><font style="display:inline;font-size:10pt;"> percent interest in the joint venture and the Company uses the equity method in recording investment activity. The Company made </font><font style="display:inline;font-size:10pt;">$4.6</font><font style="display:inline;font-size:10pt;"> million of capital contributions to WMES, received $</font><font style="display:inline;font-size:10pt;">1.2</font><font style="display:inline;font-size:10pt;"> million in distributions and recorded </font><font style="display:inline;font-size:10pt;">$1.2</font><font style="display:inline;font-size:10pt;"> million as deferred gain as a result of the Company selling four engines to WMES during the three months ended March 31, 2016. </font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;font-size:10pt;">On June 3, 2014 we entered into an agreement with China Aviation Supplies Import &amp; Export Corporation Limited (&#x201C;CASC&#x201D;) to participate in a joint venture named CASC Willis Engine Lease Company Limited (&#x201C;CASC Willis&#x201D;), a new joint venture based in Shanghai, China. Each partner holds a </font><font style="display:inline;font-size:10pt;">fifty</font><font style="display:inline;font-size:10pt;"> percent interest in the joint venture</font><font style="display:inline;">&nbsp;</font><font style="display:inline;font-size:10pt;">and the Company uses the equity method in recording investment activity. In October 2014, each partner made a </font><font style="display:inline;font-size:10pt;">$15.0</font><font style="display:inline;font-size:10pt;"> million initial capital contribution representing the up-front funding for the new joint venture.&nbsp;&nbsp;The new company will acquire and lease jet engines to Chinese airlines and will concentrate on meeting the fast growing demand for leased commercial aircraft engines and aviation assets in the People&#x2019;s Republic of China.&nbsp;&nbsp;&nbsp;The investment has been reduced to </font><font style="display:inline;font-size:10pt;">$13.</font><font style="display:inline;font-size:10pt;">7</font><font style="display:inline;font-size:10pt;"> million as of March 31, 2016 as a result of a foreign currency translation adjustment of </font><font style="display:inline;font-size:10pt;">$0.4</font><font style="display:inline;font-size:10pt;"> million partially offset by the Company&#x2019;s share of CASC Willis reported income of </font><font style="display:inline;font-size:10pt;">$0.1</font><font style="display:inline;font-size:10pt;"> million during the three months ended March 31, 2016.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:10pt;">WMES</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;font-family:Calibri;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:10pt;">CASC</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;font-family:Calibri;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:10pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Investment in joint ventures as of December 31, 2015</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,272 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,023 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,295 </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Capital contribution</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,610 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,610 </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Earnings from joint venture</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>187 </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Deferred gain on engine sale</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,212) </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,212) </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Distribution</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,167) </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,167) </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Foreign Currency Translation Adjustment</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(441) </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(441) </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Investment in joint ventures as of March 31, 2016</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,563 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,709 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,272 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">&#x201C;Other revenue&#x201D; on the Consolidated Statement of Income includes management fees earned of </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">$0.6</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> million and </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">$0.4</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> million during the three months ended March 31, 2016 and 2015, respectively, related to the servicing of engines for the WMES lease portfolio.&nbsp;&nbsp;&nbsp;&#x201C;Gain on sale of&nbsp;&nbsp;equipment&#x201D; on the Consolidated Statement of Income includes </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">$1.2</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> million for the three months ended March 31, 2016 related to the sale of four engines to WMES for $46.1 million.&nbsp;&nbsp;As 50% owners of WMES, we deferred the $</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">1.2</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> million gain to our investment which will be amortized over a </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">15</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">-year period to a </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">55%</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> residual value.&nbsp; </font> </p> <p style="margin:0pt;text-indent:36pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">Summarized financial information for </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;">100%</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> of WMES is presented in the following tables:</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended March 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Revenue</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,246 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,398 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Expenses</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,180 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,727 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">WMES net income</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>671 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">December&nbsp;31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total assets</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>299,746 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,126 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total liabilities </font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231,927 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>195,258 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total WMES net equity</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67,819 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,868 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:10pt;">WMES</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;font-family:Calibri;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:10pt;">CASC</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;font-family:Calibri;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:10pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Investment in joint ventures as of December 31, 2015</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,272 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,023 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,295 </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Capital contribution</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,610 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,610 </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Earnings from joint venture</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>187 </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Deferred gain on engine sale</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,212) </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,212) </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Distribution</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,167) </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,167) </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Foreign Currency Translation Adjustment</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(441) </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(441) </td> </tr> <tr> <td valign="bottom" style="width:54.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Investment in joint ventures as of March 31, 2016</font></p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,563 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,709 </td> <td valign="bottom" style="width:02.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:10.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,272 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 256126000 299746000 5727000 9180000 60868000 67819000 195258000 231927000 671000 66000 6398000 9246000 143000 55000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">7. &nbsp;Fair Value of Financial Instruments</font> </p> <p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The carrying amount reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, operating lease related receivable and accounts payable approximates fair value because of the immediate or short-term maturity of these financial instruments.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The carrying amount of the Company&#x2019;s outstanding balance on its Notes Payable as of March 31, 2016 and December 31, 2015 was estimated to have a fair value of approximately </font><font style="display:inline;font-size:10pt;">$872.9 </font><font style="display:inline;font-size:10pt;">million and </font><font style="display:inline;font-size:10pt;">$890.1</font><font style="display:inline;font-size:10pt;"> million, respectively, based on the fair value of estimated future payments calculated using the prevailing interest rates at each period end.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(c)&nbsp;&nbsp;&nbsp;&nbsp;Fair Value Measurements</font><font style="display:inline;font-size:10pt;">:</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs, to the extent possible. We use a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, to measure fair value which are the following:</font> </p> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Level 1 - Quoted prices in active markets for identical assets or liabilities.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Assets Measured and Recorded at Fair Value on a Nonrecurring Basis</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We determine fair value of long-lived assets held and used, such as Equipment held for operating lease and Equipment held for sale, by reference to independent appraisals, quoted market prices (e.g. an offer to purchase) and other factors. An impairment charge is recorded when the carrying value of the asset exceeds its fair value.</font> </p> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following table shows by level, within the fair value hierarchy, the Company&#x2019;s assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2016 and 2015, and the gains (losses) recorded during the three months ended March 31, 2016 and 2015 on those assets:</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="23" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Assets&nbsp;at&nbsp;Fair&nbsp;Value</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total&nbsp;Losses</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended March&nbsp;31, </font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;2</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;3</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;2</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;3</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="23" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Equipment held for sale</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,307 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,307 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,036) </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24) </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">At March 31, 2016, the Company used Level 2 inputs to measure equipment held for sale.&nbsp;&nbsp;Level 2 inputs include quoted prices for similar assets in inactive markets.</font><font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">An impairment charge is recorded when the carrying value of the asset exceeds its fair value. A write-down of equipment totaling </font><font style="display:inline;font-size:10pt;">$2.0</font><font style="display:inline;font-size:10pt;"> million was recorded in the three months ended March 31, 2016 due to a management decision to consign one engine for part-out and sale, in which the asset&#x2019;s net book value exceeded the estimated proceeds.&nbsp;&nbsp;A write-down of equipment totaling </font><font style="display:inline;font-size:10pt;">$24,000</font><font style="display:inline;font-size:10pt;"> was recorded in the three months ended March 31, 2015 to decrease the book value to zero for certain parts arising from part-out of an engine that will not be sold.&nbsp; </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(e)&nbsp;&nbsp;&nbsp;&nbsp;Foreign Currency Translation:</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company&#x2019;s foreign investments have been converted at rates of exchange at March 31, 2016. The changes in exchange rates in our foreign investments reported under the equity method are included in stockholders&#x2019; equity as accumulated other comprehensive income.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 662000 662000 2989000 2989000 1200000 -24000 -2036000 1151000 9972000 9337000 635000 11752000 10980000 772000 3739000 6692000 354000 187000 354000 187000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt 0pt 0pt 10.1pt;text-indent: -10.1pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">6. &nbsp;Income Taxes</font> </p> <p style="margin:0pt 0pt 0pt 10.1pt;text-indent: -10.1pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Income tax expense for the three months ended March 31, 2016 and March 31, 2015 was </font><font style="display:inline;font-size:10pt;">$2.9</font><font style="display:inline;font-size:10pt;"> million and </font><font style="display:inline;font-size:10pt;">$1.4</font><font style="display:inline;font-size:10pt;"> million, respectively.&nbsp;&nbsp;The effective tax rates for the three months ended March 31, 2016 and March 31, 2015 were </font><font style="display:inline;font-size:10pt;">43.7%</font><font style="display:inline;font-size:10pt;"> and </font><font style="display:inline;font-size:10pt;">38.5%</font><font style="display:inline;font-size:10pt;">, respectively.&nbsp;&nbsp;The increase was primarily due to the impact of the IRS code 162(m) calculation for executive compensation for the three months ended March 31, 2016.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur.&nbsp;&nbsp;Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding </font><font style="display:inline;font-size:10pt;">$1.0</font><font style="display:inline;font-size:10pt;"> million as defined in IRS code 162(m) and numerous other factors, including changes in tax law. </font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 5000 34000 1441000 2924000 -917000 -282000 5751000 1827000 -1357000 -2757000 -961000 -739000 98000 -64000 -305000 -1232000 2237000 165000 -5642000 -3062000 932000 874000 9567000 10008000 8753000 9161000 41295000 43272000 1085650000 1067444000 1295982000 1277460000 1000000000 700000000 700000000 700000000 890000000 866089000 300467000 850031000 294337000 202325000 23031000 562430000 33294000 23624000 17091000 335327000 330182000 14148000 14148000 15819000 15819000 2142000 3011000 1367000 -20284000 -19836000 3197000 20611000 20098000 2298000 2298000 3768000 3768000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(f)&nbsp;&nbsp;&nbsp;&nbsp;Recent Accounting Pronouncements: </font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")&nbsp;&nbsp;No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The update to the standard is effective for the Company beginning January 1, 2017, with early application permitted. The Company is currently evaluating the impact the guidance will have on the Consolidated Financial Statements.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Leases</font><font style="display:inline;font-size:10pt;">&#x201D; (topic 842)</font><font style="display:inline;font-style:italic;font-size:10pt;">. &nbsp;</font><font style="display:inline;font-size:10pt;">Under the new standard, the accounting for leases by lessors would basically remain unchanged from the existing concepts in ASC 840, Leases. In addition, FASB has decided that lessors would be precluded from recognizing selling profit and revenue at lease commencement for any sales-type or direct finance lease that does not transfer control of the underlying asset to the lessee. The standard will be effective for public business entities for annual periods (including interim periods), beginning after December 15, 2018, and early adoption will be permitted. The Company is currently evaluating the potential impact the adoption of the standard will have on its consolidated financial condition, results of operations or cash flows.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein. We are evaluating the impact that this new guidance will have on our consolidated financial position.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In April 2015, the FASB issued ASU. 2015-03, "Simplifying the Presentation of Debt Issuance Costs".&nbsp;&nbsp;ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the accounting treatment for debt discounts. We have adopted ASU 2015-03 during the three-month period ended March 31, 2016. Other assets and Long-term debt, net of discount have been restated as of December 31, 2015 to reflect the retroactive reclassification of </font><font style="display:inline;font-size:10pt;">$12.6</font><font style="display:inline;font-size:10pt;"> million of debt issuance costs that have been reclassified from Other assets to Notes payable.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes previous revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In July 2015, the FASB deferred the effective date for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods). Early adoption is permitted to the original effective date of December 15, 2016 (including interim reporting periods within those periods). The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 890100000 872900000 3385000 -156000 3372000 169000 6505000 -291000 6693000 103000 25097000 25097000 28139000 28139000 9839000 11490000 11048000 12457000 -153000 -441000 -441000 -288000 -288000 -288000 153000 1856000 1856000 3732000 3732000 756000 -156000 617000 295000 1000000 -291000 933000 358000 724000 4453000 514000 424000 17944000 44433000 -15000000 630000 4610000 4610000 3667000 70000 1167000 31000000 20000000 85000 82000 2405000 52488000 24000 2036000 20247000 17001000 316532000 320609000 1122859000 1101604000 67000 209000 28623000 36889000 33026000 29964000 182058000 185826000 42814000 -156000 40524000 2446000 50556000 -291000 47880000 2967000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March 31,</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">December&nbsp;31,</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Credit facility at a floating rate of interest of LIBOR plus </font><font style="display:inline;font-size:10pt;">2.75%</font><font style="display:inline;font-size:10pt;">, secured by engines. The facility has a committed amount of </font><font style="display:inline;font-size:10pt;">$700.0</font><font style="display:inline;font-size:10pt;"> million at March&nbsp;31, 2016, which revolves until the maturity date of June 2019.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>539,000 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>549,000 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">WEST II Series&nbsp;2012-A term notes payable at a fixed rate of interest of </font><font style="display:inline;font-size:10pt;">5.50%</font><font style="display:inline;font-size:10pt;">, maturing in September&nbsp;2037. Secured by engines.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>294,337 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300,467 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Note payable at fixed interest rates ranging from </font><font style="display:inline;font-size:10pt;">2.60%</font><font style="display:inline;font-size:10pt;"> to </font><font style="display:inline;font-size:10pt;">2.97%</font><font style="display:inline;font-size:10pt;">, maturing in July 2024. Secured by an aircraft.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,719 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,135 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Note payable at a variable interest rate of LIBOR plus </font><font style="display:inline;font-size:10pt;">2.25%</font><font style="display:inline;font-size:10pt;">, maturing in January 2018. Secured by engines.</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,739 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,082 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Notes payable</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>861,795 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>878,684 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Less: unamortized debt issuance costs</font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,764) </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,595) </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total notes payable </font></p> </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,031 </td> <td valign="bottom" style="width:02.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>866,089 </td> <td valign="bottom" style="width:01.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 88.06%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Year</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:25.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2016</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,091 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2017</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,624 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2018</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,294 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>562,430 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,031 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>202,325 </td> </tr> <tr> <td valign="bottom" style="width:70.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.96%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:21.12%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>861,795 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Shares</font></p> </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Restricted stock at December&nbsp;31, 2014</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>525,356 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2015 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">3</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2015 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">4</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2015 (vesting on first anniversary from date of issuance)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,440 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Vested in 2015</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(275,201) </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Restricted stock at December&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>396,595 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2016 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">2</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2016 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">3</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75,000 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Granted in 2016 (vesting over </font><font style="display:inline;font-family:Calibri;font-size:10pt;">4</font><font style="display:inline;font-family:Calibri;font-size:10pt;"> years)</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,250 </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Vested in 2016</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(61,083) </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 12pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Cancelled in 2016</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17,166) </td> </tr> <tr> <td valign="bottom" style="width:84.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Restricted stock at March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:12.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>426,596 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following tables present a summary of the operating segments (amounts in thousands):</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Leasing&nbsp;and&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">For the three months ended March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Related&nbsp;Operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Spare&nbsp;Parts&nbsp;Sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Eliminations (1)</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Revenue:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Lease rent revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,139 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,139 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Maintenance reserve revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,819 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,819 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,609 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,609 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Gain on sale of leased equipment</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,989 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,989 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>933 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>358 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(291) </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,000 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,880 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,967 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(291) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,556 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Expenses:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Depreciation and amortization expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,562 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>82 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,644 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Cost of spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,915 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,915 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,980 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>772 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,752 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Net finance costs</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,913 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,008 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,732 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,732 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total expenses</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,187 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,864 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,051 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Earnings from operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,693 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(291) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,505 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Leasing&nbsp;and&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">For the three months ended March&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Related&nbsp;Operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Spare&nbsp;Parts&nbsp;Sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Eliminations (1)</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Revenue:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Lease rent revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,097 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,097 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Maintenance reserve revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,148 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,148 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,151 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,151 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Gain on sale of leased equipment</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>617 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>295 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(156) </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>756 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,524 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,446 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(156) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,814 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Expenses:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Depreciation and amortization expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,633 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,705 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Cost of spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,480 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,480 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,337 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>635 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,972 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Net finance costs</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,326 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,416 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,856 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,856 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total expenses</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,152 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,277 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,429 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Earnings from operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,372 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>169 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(156) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,385 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">(1) Represents revenue generated between our</font></p> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;operating segments</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total assets as of March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,252,992 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,468 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,277,460 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total assets as of December&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,269,396 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,586 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,295,982 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 25010000 25074000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">8. Operating Segments</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company operates in two business segments: (i)&nbsp;Leasing and Related Operations which involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and (ii)&nbsp;Spare Parts Sales which involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components and leasing of engines destined for disassembly and sale of parts.</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company evaluates the performance of each of the segments based on profit or loss after general and administrative expenses and inter-company allocation of interest expense. While the Company believes there are synergies between the two business segments, the segments are managed separately because each requires different business strategies.</font> </p> <p style="margin:0pt;background-color: #FFFFFF;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following tables present a summary of the operating segments (amounts in thousands):</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Leasing&nbsp;and&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">For the three months ended March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Related&nbsp;Operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Spare&nbsp;Parts&nbsp;Sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Eliminations (1)</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Revenue:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Lease rent revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,139 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,139 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Maintenance reserve revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,819 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,819 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,609 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,609 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Gain on sale of leased equipment</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,989 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,989 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>933 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>358 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(291) </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,000 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,880 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,967 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(291) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,556 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Expenses:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Depreciation and amortization expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,562 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>82 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,644 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Cost of spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,915 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,915 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,980 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>772 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,752 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Net finance costs</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,913 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,008 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,732 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,732 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total expenses</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,187 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,864 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,051 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Earnings from operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,693 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(291) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,505 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Leasing&nbsp;and&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">For the three months ended March&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Related&nbsp;Operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Spare&nbsp;Parts&nbsp;Sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Eliminations (1)</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Revenue:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Lease rent revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,097 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,097 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Maintenance reserve revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,148 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,148 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,151 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,151 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Gain on sale of leased equipment</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>617 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>295 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(156) </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>756 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total revenue</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,524 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,446 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(156) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,814 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Expenses:</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Depreciation and amortization expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,633 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,705 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Cost of spare parts sales</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,480 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,480 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">General and administrative</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,337 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>635 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,972 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Net finance costs</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,326 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="top" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,416 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Other expense</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,856 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,856 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total expenses</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37,152 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,277 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,429 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Earnings from operations</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,372 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>169 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(156) </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,385 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">(1) Represents revenue generated between our</font></p> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;operating segments</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total assets as of March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,252,992 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,468 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,277,460 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">Total assets as of December&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,269,396 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,586 </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:8pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,295,982 </td> </tr> <tr> <td valign="bottom" style="width:45.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> </table></div> <p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 1074000 944000 P4Y P3Y P4Y P3Y P2Y 9200000 17166 16440 5000 125000 13250 75000 20000 525356 396595 426596 275201 61083 2000000 800000 2800000 2371962 152534 580572 8346000 8293000 7548000 7424000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">1.&nbsp; Summary of Significant Accounting Policies</font> </p> <p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(a)&nbsp;&nbsp;&nbsp;&nbsp;Basis of Presentation: </font> </p> <p style="margin:0pt 0pt 0pt 36pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Our unaudited consolidated financial statements include the accounts of Willis Lease Finance Corporation and its subsidiaries (&#x201C;we&#x201D; or the &#x201C;Company&#x201D;) and have been prepared pursuant to the rules&nbsp;and regulations of the Securities and Exchange Commission for reporting on Form&nbsp;10-Q. Pursuant to such rules&nbsp;and regulations, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, together with Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31,&nbsp;2015.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal and recurring adjustments) necessary to present fairly our financial position as of March 31, 2016 and December&nbsp;31, 2015, and the results of our operations for the three months ended March 31, 2016 and 2015, and our cash flows for the three months ended March 31, 2016 and 2015. The results of operations and cash flows for the period ended March 31, 2016 are not necessarily indicative of the results of operations or cash flows which may&nbsp;be reported for the remainder of 2016.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(b)&nbsp;&nbsp;&nbsp;&nbsp;Principals of Consolidation: </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We evaluate all entities in which we have an economic interest firstly to determine whether for accounting purposes the entity is a variable interest entity or voting interest entity. If the entity is a variable interest entity we consolidate the financial statements of that entity if we are the primary beneficiary of the entities&#x2019; activities. If the entity is a voting interest entity we consolidate the entity when we have a majority of voting interests. All inter-company balances are eliminated upon consolidation.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(c)&nbsp;&nbsp;&nbsp;&nbsp;Fair Value Measurements</font><font style="display:inline;font-size:10pt;">:</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs, to the extent possible. We use a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, to measure fair value which are the following:</font> </p> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Level 1 - Quoted prices in active markets for identical assets or liabilities.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Assets Measured and Recorded at Fair Value on a Nonrecurring Basis</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We determine fair value of long-lived assets held and used, such as Equipment held for operating lease and Equipment held for sale, by reference to independent appraisals, quoted market prices (e.g. an offer to purchase) and other factors. An impairment charge is recorded when the carrying value of the asset exceeds its fair value.</font> </p> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following table shows by level, within the fair value hierarchy, the Company&#x2019;s assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2016 and 2015, and the gains (losses) recorded during the three months ended March 31, 2016 and 2015 on those assets:</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="23" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Assets&nbsp;at&nbsp;Fair&nbsp;Value</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total&nbsp;Losses</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended March&nbsp;31, </font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;2</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;3</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;2</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;3</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="23" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Equipment held for sale</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,307 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,307 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,036) </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24) </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">At March 31, 2016, the Company used Level 2 inputs to measure equipment held for sale.&nbsp;&nbsp;Level 2 inputs include quoted prices for similar assets in inactive markets.</font><font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">An impairment charge is recorded when the carrying value of the asset exceeds its fair value. A write-down of equipment totaling </font><font style="display:inline;font-size:10pt;">$2.0</font><font style="display:inline;font-size:10pt;"> million was recorded in the three months ended March 31, 2016 due to a management decision to consign one engine for part-out and sale, in which the asset&#x2019;s net book value exceeded the estimated proceeds.&nbsp;&nbsp;A write-down of equipment totaling </font><font style="display:inline;font-size:10pt;">$24,000</font><font style="display:inline;font-size:10pt;"> was recorded in the three months ended March 31, 2015 to decrease the book value to zero for certain parts arising from part-out of an engine that will not be sold.&nbsp; </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(d)&nbsp;&nbsp;&nbsp;&nbsp;Reclassifications:</font><font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Reclassifications have been made to our consolidated financial statements for the prior periods to conform to classifications used during the three months ended March 31, 2016.&nbsp; </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(e)&nbsp;&nbsp;&nbsp;&nbsp;Foreign Currency Translation:</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company&#x2019;s foreign investments have been converted at rates of exchange at March 31, 2016. The changes in exchange rates in our foreign investments reported under the equity method are included in stockholders&#x2019; equity as accumulated other comprehensive income.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(f)&nbsp;&nbsp;&nbsp;&nbsp;Recent Accounting Pronouncements: </font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")&nbsp;&nbsp;No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The update to the standard is effective for the Company beginning January 1, 2017, with early application permitted. The Company is currently evaluating the impact the guidance will have on the Consolidated Financial Statements.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, &#x201C;</font><font style="display:inline;font-style:italic;font-size:10pt;">Leases</font><font style="display:inline;font-size:10pt;">&#x201D; (topic 842)</font><font style="display:inline;font-style:italic;font-size:10pt;">. &nbsp;</font><font style="display:inline;font-size:10pt;">Under the new standard, the accounting for leases by lessors would basically remain unchanged from the existing concepts in ASC 840, Leases. In addition, FASB has decided that lessors would be precluded from recognizing selling profit and revenue at lease commencement for any sales-type or direct finance lease that does not transfer control of the underlying asset to the lessee. The standard will be effective for public business entities for annual periods (including interim periods), beginning after December 15, 2018, and early adoption will be permitted. The Company is currently evaluating the potential impact the adoption of the standard will have on its consolidated financial condition, results of operations or cash flows.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein. We are evaluating the impact that this new guidance will have on our consolidated financial position.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In April 2015, the FASB issued ASU. 2015-03, "Simplifying the Presentation of Debt Issuance Costs".&nbsp;&nbsp;ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the accounting treatment for debt discounts. We have adopted ASU 2015-03 during the three-month period ended March 31, 2016. Other assets and Long-term debt, net of discount have been restated as of December 31, 2015 to reflect the retroactive reclassification of </font><font style="display:inline;font-size:10pt;">$12.6</font><font style="display:inline;font-size:10pt;"> million of debt issuance costs that have been reclassified from Other assets to Notes payable.</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes previous revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In July 2015, the FASB deferred the effective date for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods). Early adoption is permitted to the original effective date of December 15, 2016 (including interim reporting periods within those periods). The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 216861000 42076000 83000 174702000 219223000 42140000 83000 177000000 210332000 -521000 28720000 75000 182058000 210016000 -809000 24925000 74000 185826000 25000 22000 -10000 98000 514000 514000 424000 424000 85000 85000 82000 81000 1000 38000 200000 724000 724000 4453000 4451000 2000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">9. Subsequent Events</font> </p> <p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On April 20, 2016 we entered into a Third Amended and Restated Credit Agreement which increased the revolving credit facility to </font><font style="display:inline;font-size:10pt;">$890.0</font><font style="display:inline;font-size:10pt;"> million from </font><font style="display:inline;font-size:10pt;">$700.0</font><font style="display:inline;font-size:10pt;"> million and extended the term to April 2021.&nbsp;&nbsp;&nbsp;&nbsp;This </font><font style="display:inline;font-size:10pt;">$890</font><font style="display:inline;font-size:10pt;"> million revolving credit facility has an accordion feature up to </font><font style="display:inline;font-size:10pt;">$1</font><font style="display:inline;font-size:10pt;"> billion.&nbsp;&nbsp;The initial interest rate on the facility is LIBOR plus </font><font style="display:inline;font-size:10pt;">2.75%</font><font style="display:inline;font-size:10pt;">.&nbsp;&nbsp;Quarterly, the interest rate is adjusted based on the Company&#x2019;s leverage ratio, as calculated under the terms of the revolving credit facility.</font> </p> <p style="margin:0pt;color:#000000;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 86000 12806000 12600000 8044000 7272000 7848000 7149000 275000 427000 143000 143000 55000 55000 P15Y 0.55 1480000 1480000 1915000 1915000 -1212000 -1212000 23454000 25971000 3307000 3307000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended March 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Revenue</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,246 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,398 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Expenses</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,180 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,727 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">WMES net income</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>671 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">March&nbsp;31,</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">December&nbsp;31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total assets</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>299,746 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,126 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total liabilities </font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231,927 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>195,258 </td> </tr> <tr> <td valign="bottom" style="width:71.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total WMES net equity</font></p> </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67,819 </td> <td valign="bottom" style="width:02.68%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,868 </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 8416000 8326000 90000 10008000 9913000 95000 187000 127000 60000 3198000 -5500000 71054000 65554000 1345000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">(d)&nbsp;&nbsp;&nbsp;&nbsp;Reclassifications:</font><font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Reclassifications have been made to our consolidated financial statements for the prior periods to conform to classifications used during the three months ended March 31, 2016.&nbsp; </font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> -1345000 2151000 2151000 2609000 2609000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="23" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Assets&nbsp;at&nbsp;Fair&nbsp;Value</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total&nbsp;Losses</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March&nbsp;31, 2016</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">March&nbsp;31, 2015</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Three&nbsp;Months&nbsp;Ended March&nbsp;31, </font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;2</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;3</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;1</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;2</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">Level&nbsp;3</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="23" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Calibri;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;font-size:8pt;">(in&nbsp;thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:08.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">Equipment held for sale</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,307 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,307 </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:06.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,036) </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Calibri;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;font-family:Calibri;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24) </td> </tr> </table></div> <p style="margin:0pt;font-family:Calibri;font-size: 11pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> EX-101.SCH 7 wlfc-20160331.xsd EX-101.SCH 00100 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Consolidated Statements of Income link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 00500 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 40302 - Disclosure - Investments (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - Operating Segments (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - Consolidated Statements of Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 00405 - Statement - Consolidated Statements of Shareholders' Equity (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Management Estimates link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Investments link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Notes Payable link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Stock-Based Compensation Plans link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Fair Value of Financial Instruments link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - Operating Segments link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 20102 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 30103 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - Investments (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - Stock-Based Compensation Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 30803 - Disclosure - Operating Segments (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - Stock-Based Compensation Plans (Details) link:presentationLink link:calculationLink link:definitionLink 40502 - Disclosure - Stock-Based Compensation Plans - Restricted stock activity (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Fair Value of Financial Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - Subsequent Event (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 wlfc-20160331_cal.xml EX-101.CAL EX-101.DEF 9 wlfc-20160331_def.xml EX-101.DEF EX-101.LAB 10 wlfc-20160331_lab.xml EX-101.LAB EX-101.PRE 11 wlfc-20160331_pre.xml EX-101.PRE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.4.0.3
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2016
May. 03, 2016
Document and Entity Information    
Entity Registrant Name WILLIS LEASE FINANCE CORP  
Entity Central Index Key 0001018164  
Document Type 10-Q  
Document Period End Date Mar. 31, 2016  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   7,320,306
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q1  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 12,743 $ 9,732
Restricted cash 29,964 33,026
Equipment held for operating lease, less accumulated depreciation of $320,609 and $316,532 at March 31, 2016 and December 31, 2015, respectively 1,101,604 1,122,859
Equipment held for sale 25,971 23,454
Operating lease related receivables, net of allowances of $1,121 and $912 at March 31, 2016 and December 31, 2015, respectively 15,690 14,072
Spare parts inventory 19,293 20,526
Investments 43,272 41,295
Property, equipment & furnishings, less accumulated depreciation of $4,902 and $11,102 at March 31, 2016 and December 31, 2015, respectively 17,001 20,247
Intangible assets, net 874 932
Other assets 11,048 9,839
Total assets 1,277,460 1,295,982
Liabilities:    
Accounts payable and accrued expenses 23,087 21,665
Deferred income taxes 99,347 96,742
Notes payable 850,031 866,089
Maintenance reserves 65,554 71,054
Security deposits 25,074 25,010
Unearned lease revenue 4,351 5,090
Total liabilities 1,067,444 1,085,650
Shareholders' equity:    
Common stock ($0.01 par value, 20,000,000 shares authorized; 7,423,654 and 7,548,395 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively) 74 75
Paid-in capital in excess of par 24,925 28,720
Retained earnings 185,826 182,058
Accumulated other comprehensive loss, net of income tax benefit of $427 and $275 at March 31, 2016 and December 31, 2015, respectively. (809) (521)
Total shareholders' equity 210,016 210,332
Total liabilities and shareholders' equity $ 1,277,460 $ 1,295,982
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Equipment held for operating lease, accumulated depreciation (in dollars) $ 320,609 $ 316,532
Operating lease related receivable, allowances (in dollars) 1,121 912
Property, equipment & furnishings, accumulated depreciation (in dollars) $ 4,902 $ 11,102
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 20,000,000 20,000,000
Common stock, shares issued 7,423,654 7,423,654
Common stock, shares outstanding 7,548,395 7,548,395
Accumulated other comprehensive loss, income tax benefit (in dollars) $ 427 $ 275
Other assets 11,048 9,839
Notes payable 850,031 866,089
Variable Interest Entity [Member]    
Cash 32,156 33,776
Equipment 330,182 335,327
Other assets 12,457 11,490
Notes payable $ 294,337 $ 300,467
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUE    
Lease rent revenue $ 28,139 $ 25,097
Maintenance reserve revenue 15,819 14,148
Spare parts and equipment sales 2,609 2,151
Gain on sale of leased equipment 2,989 662
Other revenue 1,000 756
Total revenue 50,556 42,814
EXPENSES    
Depreciation and amortization expense 16,644 17,705
Cost of Spare Parts and Equipment Sales 1,915 1,480
Write-down of equipment 2,036 24
General and administrative 11,752 9,972
Technical expense 1,696 1,832
Net finance costs:    
Interest expense 10,008 9,567
Gain on debt extinguishment   (1,151)
Total net finance costs 10,008 8,416
Total expenses 44,051 39,429
Earnings from operations 6,505 3,385
Earnings from joint ventures 187 354
Income before income taxes 6,692 3,739
Income tax expense 2,924 1,441
Net income $ 3,768 $ 2,298
Basic earnings per common share: (in dollars per share) $ 0.53 $ 0.29
Diluted earnings per common share: (in dollars per share) $ 0.52 $ 0.29
Average common shares outstanding (in shares) 7,149 7,848
Diluted average common shares outstanding (in shares) 7,272 8,044
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Consolidated Statements of Comprehensive Income    
Net income $ 3,768 $ 2,298
Other comprehensive income:    
Currency translation adjustment (441)  
Net loss recognized in other comprehensive income (441)  
Tax benefit related to items of other comprehensive income 153  
Other comprehensive loss (288)  
Total comprehensive income $ 3,480 $ 2,298
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Shareholders' Equity - USD ($)
shares in Thousands, $ in Thousands
Common Stock
Paid-in Capital in Excess of par
Accumulated Other Comprehensive Income
Retained Earnings
Total
Balances at Dec. 31, 2014 $ 83 $ 42,076   $ 174,702 $ 216,861
Balances (in shares) at Dec. 31, 2014 8,346        
Increase (Decrease) in Shareholders' Equity          
Net income       2,298 2,298
Shares repurchased   (724)     (724)
Shares repurchased (in shares) (38)        
Shares issued under stock compensation plans   85     85
Shares issued under stock compensation plans (in shares) (10)        
Cancellation of restricted stock units in satisfaction of withholding tax   (514)     (514)
Cancellation of restricted stock units in satisfaction of withholding tax (in shares) (25)        
Stock-based compensation, net of forfeitures   1,074     1,074
Tax benefit on disqualified disposition of shares   143     143
Balances at Mar. 31, 2015 $ 83 42,140   177,000 219,223
Balances (in shares) at Mar. 31, 2015 8,293        
Balances at Dec. 31, 2015 $ 75 28,720 $ (521) 182,058 210,332
Balances (in shares) at Dec. 31, 2015 7,548        
Increase (Decrease) in Shareholders' Equity          
Net income       3,768 3,768
Net unrealized loss from derivative instruments, net of tax benefit     (288)   (288)
Shares repurchased $ (2) (4,451)     (4,453)
Shares repurchased (in shares) (200)        
Shares issued under stock compensation plans $ 1 81     82
Shares issued under stock compensation plans (in shares) 98        
Cancellation of restricted stock units in satisfaction of withholding tax   (424)     (424)
Cancellation of restricted stock units in satisfaction of withholding tax (in shares) (22)        
Stock-based compensation, net of forfeitures   944     944
Tax benefit on disqualified disposition of shares   55     55
Balances at Mar. 31, 2016 $ 74 $ 24,925 $ (809) $ 185,826 $ 210,016
Balances (in shares) at Mar. 31, 2016 7,424        
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Shareholders' Equity (Parenthetical)
$ in Thousands
3 Months Ended
Mar. 31, 2016
USD ($)
Consolidated Statements of Shareholders' Equity  
Net unrealized loss from derivative instruments, tax benefit $ 153
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 3,768 $ 2,298
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 16,644 17,705
Write-down of equipment 2,036 24
Stock-based compensation expenses 944 1,074
Amortization of deferred costs 1,071 1,072
Allowances and provisions 209 67
Gain on sale of leased equipment (2,989) (662)
Gain on extinguishment of debt   (1,151)
Income from joint ventures (187) (354)
Deferred income taxes 2,757 1,357
Changes in assets and liabilities:    
Receivables (1,827) (5,751)
Spare parts inventory 1,232 305
Other assets (165) (2,237)
Accounts payable and accrued expenses (282) (917)
Restricted cash 3,062 5,642
Maintenance reserves (5,500) 3,198
Security deposits 64 (98)
Unearned lease revenue (739) (961)
Net cash provided by operating activities 20,098 20,611
Cash flows from investing activities:    
Proceeds from sale of equipment (net of selling expenses) 52,488 2,405
Restricted cash for investing activities (1,345)  
Capital contribution to joint ventures (4,610) (630)
Distributions received from joint ventures 1,167  
Purchase of equipment held for operating lease (44,433) (17,944)
Purchase of property, equipment and furnishings (70) (3,667)
Net cash provided by (used in) investing activities 3,197 (19,836)
Cash flows from financing activities:    
Proceeds from issuance of notes payable 20,000 31,000
Interest bearing security deposits 1,345  
Proceeds from shares issued under stock compensation plans 82 85
Cancellation of restricted stock units in satisfaction of withholding tax (424) (514)
Excess tax benefit from stock-based compensation 55 143
Repurchase of common stock (4,453) (724)
Principal payments on notes payable (36,889) (28,623)
Net cash provided by (used in) financing activities (20,284) 1,367
Increase in cash and cash equivalents 3,011 2,142
Cash and cash equivalents at beginning of period 9,732 13,493
Cash and cash equivalents at end of period 12,743 15,635
Net cash paid for:    
Interest 9,161 8,753
Income Taxes 34 5
Supplemental disclosures of non-cash investing activities:    
Purchase of aircraft and engines, liability incurred but not paid 6,778 169
Engines and equipment, transferred from Held for Operating Lease to Held for Sale but not settled $ 12,806 $ 86
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies  
Summary of Significant Accounting Policies

1.  Summary of Significant Accounting Policies

 

(a)    Basis of Presentation:

 

Our unaudited consolidated financial statements include the accounts of Willis Lease Finance Corporation and its subsidiaries (“we” or the “Company”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Pursuant to such rules and regulations, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

 

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal and recurring adjustments) necessary to present fairly our financial position as of March 31, 2016 and December 31, 2015, and the results of our operations for the three months ended March 31, 2016 and 2015, and our cash flows for the three months ended March 31, 2016 and 2015. The results of operations and cash flows for the period ended March 31, 2016 are not necessarily indicative of the results of operations or cash flows which may be reported for the remainder of 2016.

 

(b)    Principals of Consolidation:

 

We evaluate all entities in which we have an economic interest firstly to determine whether for accounting purposes the entity is a variable interest entity or voting interest entity. If the entity is a variable interest entity we consolidate the financial statements of that entity if we are the primary beneficiary of the entities’ activities. If the entity is a voting interest entity we consolidate the entity when we have a majority of voting interests. All inter-company balances are eliminated upon consolidation.

 

(c)    Fair Value Measurements:

 

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs, to the extent possible. We use a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, to measure fair value which are the following:

 

Level 1 - Quoted prices in active markets for identical assets or liabilities.

 

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

 

Assets Measured and Recorded at Fair Value on a Nonrecurring Basis

 

We determine fair value of long-lived assets held and used, such as Equipment held for operating lease and Equipment held for sale, by reference to independent appraisals, quoted market prices (e.g. an offer to purchase) and other factors. An impairment charge is recorded when the carrying value of the asset exceeds its fair value.

 

The following table shows by level, within the fair value hierarchy, the Company’s assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2016 and 2015, and the gains (losses) recorded during the three months ended March 31, 2016 and 2015 on those assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets at Fair Value

 

Total Losses

 

 

March 31, 2016

 

March 31, 2015

 

Three Months Ended March 31,

 

   

Total

   

Level 1

   

Level 2

   

Level 3

   

Total

   

Level 1

   

Level 2

   

Level 3

   

2016

   

2015

 

 

(in thousands)

 

(in thousands)

Equipment held for sale

 

$

3,307

 

$

 —

 

$

3,307

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

(2,036)

 

$

(24)

 

At March 31, 2016, the Company used Level 2 inputs to measure equipment held for sale.  Level 2 inputs include quoted prices for similar assets in inactive markets. 

 

An impairment charge is recorded when the carrying value of the asset exceeds its fair value. A write-down of equipment totaling $2.0 million was recorded in the three months ended March 31, 2016 due to a management decision to consign one engine for part-out and sale, in which the asset’s net book value exceeded the estimated proceeds.  A write-down of equipment totaling $24,000 was recorded in the three months ended March 31, 2015 to decrease the book value to zero for certain parts arising from part-out of an engine that will not be sold. 

 

(d)    Reclassifications: 

 

Reclassifications have been made to our consolidated financial statements for the prior periods to conform to classifications used during the three months ended March 31, 2016. 

 

(e)    Foreign Currency Translation:

 

The Company’s foreign investments have been converted at rates of exchange at March 31, 2016. The changes in exchange rates in our foreign investments reported under the equity method are included in stockholders’ equity as accumulated other comprehensive income.

 

(f)    Recent Accounting Pronouncements:

 

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")  No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The update to the standard is effective for the Company beginning January 1, 2017, with early application permitted. The Company is currently evaluating the impact the guidance will have on the Consolidated Financial Statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases” (topic 842).  Under the new standard, the accounting for leases by lessors would basically remain unchanged from the existing concepts in ASC 840, Leases. In addition, FASB has decided that lessors would be precluded from recognizing selling profit and revenue at lease commencement for any sales-type or direct finance lease that does not transfer control of the underlying asset to the lessee. The standard will be effective for public business entities for annual periods (including interim periods), beginning after December 15, 2018, and early adoption will be permitted. The Company is currently evaluating the potential impact the adoption of the standard will have on its consolidated financial condition, results of operations or cash flows.

 

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein. We are evaluating the impact that this new guidance will have on our consolidated financial position.

 

In April 2015, the FASB issued ASU. 2015-03, "Simplifying the Presentation of Debt Issuance Costs".  ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the accounting treatment for debt discounts. We have adopted ASU 2015-03 during the three-month period ended March 31, 2016. Other assets and Long-term debt, net of discount have been restated as of December 31, 2015 to reflect the retroactive reclassification of $12.6 million of debt issuance costs that have been reclassified from Other assets to Notes payable.

 

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes previous revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In July 2015, the FASB deferred the effective date for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods). Early adoption is permitted to the original effective date of December 15, 2016 (including interim reporting periods within those periods). The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.4.0.3
Management Estimates
3 Months Ended
Mar. 31, 2016
Management Estimates  
Management Estimates

2.  Management Estimates

 

These financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.

 

The preparation of consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to residual values, estimated asset lives, impairments and bad debts. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

 

Management believes that the accounting policies on revenue recognition, maintenance reserves and expenditures, useful life of equipment, asset residual values, asset impairment and allowance for doubtful accounts are critical to the results of operations.

 

If the useful lives or residual values are lower than those estimated by us, upon sale of the asset a loss may be realized. Significant management judgment is required in the forecasting of future operating results, which are used in the preparation of projected undiscounted cash-flows and should different conditions prevail, material impairment write-downs may occur.

 

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investments
3 Months Ended
Mar. 31, 2016
Investments [Abstract]  
Investments

3.  Investments

 

On May 25, 2011, we entered into an agreement with Mitsui & Co., Ltd. to participate in a joint venture formed as a Dublin-based Irish limited company — Willis Mitsui & Company Engine Support Limited (“WMES”) for the purpose of acquiring and leasing jet engines. Each partner holds a fifty percent interest in the joint venture and the Company uses the equity method in recording investment activity. The Company made $4.6 million of capital contributions to WMES, received $1.2 million in distributions and recorded $1.2 million as deferred gain as a result of the Company selling four engines to WMES during the three months ended March 31, 2016.

 

On June 3, 2014 we entered into an agreement with China Aviation Supplies Import & Export Corporation Limited (“CASC”) to participate in a joint venture named CASC Willis Engine Lease Company Limited (“CASC Willis”), a new joint venture based in Shanghai, China. Each partner holds a fifty percent interest in the joint venture and the Company uses the equity method in recording investment activity. In October 2014, each partner made a $15.0 million initial capital contribution representing the up-front funding for the new joint venture.  The new company will acquire and lease jet engines to Chinese airlines and will concentrate on meeting the fast growing demand for leased commercial aircraft engines and aviation assets in the People’s Republic of China.   The investment has been reduced to $13.7 million as of March 31, 2016 as a result of a foreign currency translation adjustment of $0.4 million partially offset by the Company’s share of CASC Willis reported income of $0.1 million during the three months ended March 31, 2016.         

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2016

    

WMES

 

CASC

 

Total

 

 

(in thousands)

Investment in joint ventures as of December 31, 2015

 

$

27,272

 

$

14,023

 

$

41,295

Capital contribution

 

 

4,610

 

 

 —

 

 

4,610

Earnings from joint venture

 

 

60

 

 

127

 

 

187

Deferred gain on engine sale

 

 

(1,212)

 

 

 —

 

 

(1,212)

Distribution

 

 

(1,167)

 

 

 —

 

 

(1,167)

Foreign Currency Translation Adjustment

 

 

 —

 

 

(441)

 

 

(441)

Investment in joint ventures as of March 31, 2016

 

$

29,563

 

$

13,709

 

$

43,272

 

“Other revenue” on the Consolidated Statement of Income includes management fees earned of $0.6 million and $0.4 million during the three months ended March 31, 2016 and 2015, respectively, related to the servicing of engines for the WMES lease portfolio.   “Gain on sale of  equipment” on the Consolidated Statement of Income includes $1.2 million for the three months ended March 31, 2016 related to the sale of four engines to WMES for $46.1 million.  As 50% owners of WMES, we deferred the $1.2 million gain to our investment which will be amortized over a 15-year period to a 55% residual value. 

 

Summarized financial information for 100% of WMES is presented in the following tables:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

    

2016

    

2015

 

 

(in thousands)

Revenue

 

$

9,246

 

$

6,398

Expenses

 

 

9,180

 

 

5,727

WMES net income

 

$

66

 

$

671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

    

December 31,

 

 

 

2016

 

 

2015

 

 

(in thousands)

Total assets

 

$

299,746

 

$

256,126

Total liabilities

 

 

231,927

 

 

195,258

Total WMES net equity

 

$

67,819

 

$

60,868

 

 

 

 

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.4.0.3
Notes Payable
3 Months Ended
Mar. 31, 2016
Notes Payable  
Notes Payable

4.  Notes Payable

 

Notes payable consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31,

    

December 31,

 

 

    

2016

 

2015

 

 

 

(in thousands)

 

Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines. The facility has a committed amount of $700.0 million at March 31, 2016, which revolves until the maturity date of June 2019.

 

$

539,000

 

$

549,000

 

 

 

 

 

 

 

 

 

WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.

 

 

294,337

 

 

300,467

 

 

 

 

 

 

 

 

 

Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.

 

 

15,719

 

 

16,135

 

 

 

 

 

 

 

 

 

Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.

 

 

12,739

 

 

13,082

 

 

 

 

 

 

 

 

 

Notes payable

 

 

861,795

 

 

878,684

 

 

 

 

 

 

 

 

 

Less: unamortized debt issuance costs

 

 

(11,764)

 

 

(12,595)

 

Total notes payable

 

$

850,031

 

$

866,089

 

 

At March 31, 2016 , we had a revolving credit facility to finance the acquisition of aircraft engines for lease as well as for general working capital purposes.  On April 20, 2016 we entered into a Third Amended and Restated Credit Agreement which increased the revolving credit facility to $890.0 million from $700.0 million and extended the term to April 2021.    This $890 million revolving credit facility has an accordion feature up to $1 billion.  The initial interest rate on the facility is LIBOR plus 2.75%.  Quarterly, the interest rate is adjusted based on the Company’s leverage ratio, as calculated under the terms of the revolving credit facility.

 

For further information on our debt instruments, see the "Notes Payable" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015.

 

The following is a summary of the aggregate maturities of our long-term debt at March 31, 2016:

 

 

 

 

 

 

 

 

 

Year

    

(in thousands)

2016

 

$

17,091

2017

 

 

23,624

2018

 

 

33,294

2019

 

 

562,430

2020

 

 

23,031

Thereafter

 

 

202,325

 

 

$

861,795

 

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation Plans
3 Months Ended
Mar. 31, 2016
Stock-Based Compensation Plans  
Stock-Based Compensation Plans

5.  Stock-Based Compensation Plans

 

Our 2007 Stock Incentive Plan (the 2007 Plan) was adopted on May 24, 2007. Under this 2007 Plan, a total of 2,000,000 shares are authorized for stock based compensation available in the form of either restricted stock or stock options.  On May 28, 2015, the Company’s shareholders authorized an increase in the number of shares of Common Stock available for grant by 800,000 shares bringing the total to 2,800,000 shares authorized.  2,371,962 shares of restricted stock were granted under the 2007 Stock Incentive Plan by March 31, 2016. Of this amount, 152,534 shares of restricted stock were cancelled and returned to the pool of shares which could be granted under the 2007 Stock Incentive Plan resulting in a net number of 580,572 shares which were available as of March 31, 2016 for future issuance under the 2007 Incentive Plan. The fair value of the restricted stock awards equaled the stock price at the date of grants.  The following table summarizes restricted stock activity during the year ended December 31, 2015 and the three months ended March 31, 2016.

 

 

 

 

 

    

Shares

Restricted stock at December 31, 2014

 

525,356

Granted in 2015 (vesting over 3 years)

 

125,000

Granted in 2015 (vesting over 4 years)

 

5,000

Granted in 2015 (vesting on first anniversary from date of issuance)

 

16,440

Vested in 2015

 

(275,201)

Restricted stock at December 31, 2015

 

396,595

Granted in 2016 (vesting over 2 years)

 

20,000

Granted in 2016 (vesting over 3 years)

 

75,000

Granted in 2016 (vesting over 4 years)

 

13,250

Vested in 2016

 

(61,083)

Cancelled in 2016

 

(17,166)

Restricted stock at March 31, 2016

 

426,596

 

All cancelled shares have reverted to the share reserve and are available for issuance at a later date, in accordance with the 2007 Plan.

 

Our accounting policy is to recognize the associated expense of such awards on a straight-line basis over the vesting period. At March 31, 2016, the stock compensation expense related to the restricted stock awards that will be recognized over the average remaining vesting period of 2.0 years totals $5.9 million. At March 31, 2016, the intrinsic value of unvested restricted stock awards is $9.2 million. The 2007 Plan terminates on May 24, 2017.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes
3 Months Ended
Mar. 31, 2016
Income Taxes  
Income Taxes

6.  Income Taxes

 

Income tax expense for the three months ended March 31, 2016 and March 31, 2015 was $2.9 million and $1.4 million, respectively.  The effective tax rates for the three months ended March 31, 2016 and March 31, 2015 were 43.7% and 38.5%, respectively.  The increase was primarily due to the impact of the IRS code 162(m) calculation for executive compensation for the three months ended March 31, 2016.

 

The Company records tax expense or benefit for unusual or infrequent items discretely in the period in which they occur.  Our tax rate is subject to change based on changes in the mix of assets leased to domestic and foreign lessees, the proportions of revenue generated within and outside of California, the amount of executive compensation exceeding $1.0 million as defined in IRS code 162(m) and numerous other factors, including changes in tax law.

 

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Fair Value of Financial Instruments
3 Months Ended
Mar. 31, 2016
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

7.  Fair Value of Financial Instruments

 

The carrying amount reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, operating lease related receivable and accounts payable approximates fair value because of the immediate or short-term maturity of these financial instruments.

 

The carrying amount of the Company’s outstanding balance on its Notes Payable as of March 31, 2016 and December 31, 2015 was estimated to have a fair value of approximately $872.9 million and $890.1 million, respectively, based on the fair value of estimated future payments calculated using the prevailing interest rates at each period end.

 

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
Operating Segments
3 Months Ended
Mar. 31, 2016
Operating Segments  
Operating Segments

8. Operating Segments

 

The Company operates in two business segments: (i) Leasing and Related Operations which involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and (ii) Spare Parts Sales which involves the purchase and resale of after-market engine and airframe parts, whole engines, engine modules and portable aircraft components and leasing of engines destined for disassembly and sale of parts.

 

The Company evaluates the performance of each of the segments based on profit or loss after general and administrative expenses and inter-company allocation of interest expense. While the Company believes there are synergies between the two business segments, the segments are managed separately because each requires different business strategies.

 

The following tables present a summary of the operating segments (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Leasing and 

    

 

 

    

 

 

 

 

For the three months ended March 31, 2016

 

Related Operations

 

Spare Parts Sales

 

Eliminations (1)

 

Total

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Lease rent revenue

 

$

28,139

 

$

 —

 

$

 —

 

$

28,139

Maintenance reserve revenue

 

 

15,819

 

 

 —

 

 

 —

 

 

15,819

Spare parts sales

 

 

 —

 

 

2,609

 

 

 —

 

 

2,609

Gain on sale of leased equipment

 

 

2,989

 

 

 —

 

 

 —

 

 

2,989

Other revenue

 

 

933

 

 

358

 

 

(291)

 

 

1,000

Total revenue

 

 

47,880

 

 

2,967

 

 

(291)

 

 

50,556

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

16,562

 

 

82

 

 

 —

 

 

16,644

Cost of spare parts sales

 

 

 —

 

 

1,915

 

 

 —

 

 

1,915

General and administrative

 

 

10,980

 

 

772

 

 

 —

 

 

11,752

Net finance costs

 

 

9,913

 

 

95

 

 

 —

 

 

10,008

Other expense

 

 

3,732

 

 

 —

 

 

 —

 

 

3,732

Total expenses

 

 

41,187

 

 

2,864

 

 

 —

 

 

44,051

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

6,693

 

$

103

 

$

(291)

 

$

6,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Leasing and 

    

 

 

    

 

 

 

 

For the three months ended March 31, 2015

 

Related Operations

 

Spare Parts Sales

 

Eliminations (1)

 

Total

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Lease rent revenue

 

$

25,097

 

$

 —

 

$

 —

 

$

25,097

Maintenance reserve revenue

 

 

14,148

 

 

 —

 

 

 —

 

 

14,148

Spare parts sales

 

 

 —

 

 

2,151

 

 

 —

 

 

2,151

Gain on sale of leased equipment

 

 

662

 

 

 —

 

 

 —

 

 

662

Other revenue

 

 

617

 

 

295

 

 

(156)

 

 

756

Total revenue

 

 

40,524

 

 

2,446

 

 

(156)

 

 

42,814

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

17,633

 

 

72

 

 

 —

 

 

17,705

Cost of spare parts sales

 

 

 —

 

 

1,480

 

 

 —

 

 

1,480

General and administrative

 

 

9,337

 

 

635

 

 

 —

 

 

9,972

Net finance costs

 

 

8,326

 

 

90

 

 

 —

 

 

8,416

Other expense

 

 

1,856

 

 

 —

 

 

 —

 

 

1,856

Total expenses

 

 

37,152

 

 

2,277

 

 

 —

 

 

39,429

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

3,372

 

$

169

 

$

(156)

 

$

3,385

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Represents revenue generated between our

       operating segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of March 31, 2016

 

$

1,252,992

 

$

24,468

 

$

 —

 

$

1,277,460

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of December 31, 2015

 

$

1,269,396

 

$

26,586

 

$

 —

 

$

1,295,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events  
Subsequent Events

9. Subsequent Events

 

On April 20, 2016 we entered into a Third Amended and Restated Credit Agreement which increased the revolving credit facility to $890.0 million from $700.0 million and extended the term to April 2021.    This $890 million revolving credit facility has an accordion feature up to $1 billion.  The initial interest rate on the facility is LIBOR plus 2.75%.  Quarterly, the interest rate is adjusted based on the Company’s leverage ratio, as calculated under the terms of the revolving credit facility.

 

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies  
Basis of Presentation:

(a)    Basis of Presentation:

 

Our unaudited consolidated financial statements include the accounts of Willis Lease Finance Corporation and its subsidiaries (“we” or the “Company”) and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for reporting on Form 10-Q. Pursuant to such rules and regulations, certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

 

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal and recurring adjustments) necessary to present fairly our financial position as of March 31, 2016 and December 31, 2015, and the results of our operations for the three months ended March 31, 2016 and 2015, and our cash flows for the three months ended March 31, 2016 and 2015. The results of operations and cash flows for the period ended March 31, 2016 are not necessarily indicative of the results of operations or cash flows which may be reported for the remainder of 2016.

Principles of Consolidation

(b)    Principals of Consolidation:

 

We evaluate all entities in which we have an economic interest firstly to determine whether for accounting purposes the entity is a variable interest entity or voting interest entity. If the entity is a variable interest entity we consolidate the financial statements of that entity if we are the primary beneficiary of the entities’ activities. If the entity is a voting interest entity we consolidate the entity when we have a majority of voting interests. All inter-company balances are eliminated upon consolidation.

Fair Value Measurements

(c)    Fair Value Measurements:

 

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs, to the extent possible. We use a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, to measure fair value which are the following:

 

Level 1 - Quoted prices in active markets for identical assets or liabilities.

 

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

 

Assets Measured and Recorded at Fair Value on a Nonrecurring Basis

 

We determine fair value of long-lived assets held and used, such as Equipment held for operating lease and Equipment held for sale, by reference to independent appraisals, quoted market prices (e.g. an offer to purchase) and other factors. An impairment charge is recorded when the carrying value of the asset exceeds its fair value.

 

The following table shows by level, within the fair value hierarchy, the Company’s assets measured at fair value on a nonrecurring basis during the three months ended March 31, 2016 and 2015, and the gains (losses) recorded during the three months ended March 31, 2016 and 2015 on those assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets at Fair Value

 

Total Losses

 

 

March 31, 2016

 

March 31, 2015

 

Three Months Ended March 31,

 

   

Total

   

Level 1

   

Level 2

   

Level 3

   

Total

   

Level 1

   

Level 2

   

Level 3

   

2016

   

2015

 

 

(in thousands)

 

(in thousands)

Equipment held for sale

 

$

3,307

 

$

 —

 

$

3,307

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

(2,036)

 

$

(24)

 

At March 31, 2016, the Company used Level 2 inputs to measure equipment held for sale.  Level 2 inputs include quoted prices for similar assets in inactive markets. 

 

An impairment charge is recorded when the carrying value of the asset exceeds its fair value. A write-down of equipment totaling $2.0 million was recorded in the three months ended March 31, 2016 due to a management decision to consign one engine for part-out and sale, in which the asset’s net book value exceeded the estimated proceeds.  A write-down of equipment totaling $24,000 was recorded in the three months ended March 31, 2015 to decrease the book value to zero for certain parts arising from part-out of an engine that will not be sold. 

 

Reclassifications

 

(d)    Reclassifications: 

 

Reclassifications have been made to our consolidated financial statements for the prior periods to conform to classifications used during the three months ended March 31, 2016. 

 

Foreign Currency Translation

 

 

(e)    Foreign Currency Translation:

 

The Company’s foreign investments have been converted at rates of exchange at March 31, 2016. The changes in exchange rates in our foreign investments reported under the equity method are included in stockholders’ equity as accumulated other comprehensive income.

Recent Accounting Pronouncements

 

 

(f)    Recent Accounting Pronouncements:

 

In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")  No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The update to the standard is effective for the Company beginning January 1, 2017, with early application permitted. The Company is currently evaluating the impact the guidance will have on the Consolidated Financial Statements.

 

In February 2016, the FASB issued ASU No. 2016-02, “Leases” (topic 842).  Under the new standard, the accounting for leases by lessors would basically remain unchanged from the existing concepts in ASC 840, Leases. In addition, FASB has decided that lessors would be precluded from recognizing selling profit and revenue at lease commencement for any sales-type or direct finance lease that does not transfer control of the underlying asset to the lessee. The standard will be effective for public business entities for annual periods (including interim periods), beginning after December 15, 2018, and early adoption will be permitted. The Company is currently evaluating the potential impact the adoption of the standard will have on its consolidated financial condition, results of operations or cash flows.

 

In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory, which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein. We are evaluating the impact that this new guidance will have on our consolidated financial position.

 

In April 2015, the FASB issued ASU. 2015-03, "Simplifying the Presentation of Debt Issuance Costs".  ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with the accounting treatment for debt discounts. We have adopted ASU 2015-03 during the three-month period ended March 31, 2016. Other assets and Long-term debt, net of discount have been restated as of December 31, 2015 to reflect the retroactive reclassification of $12.6 million of debt issuance costs that have been reclassified from Other assets to Notes payable.

 

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which supersedes previous revenue recognition guidance. The new standard requires that a company recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. Companies will need to use more judgment and estimates than under the guidance currently in effect, including estimating the amount of variable revenue to recognize over each identified performance obligation. Additional disclosures will be required to help users of financial statements understand the nature, amount and timing of revenue and cash flows arising from contracts. In July 2015, the FASB deferred the effective date for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods). Early adoption is permitted to the original effective date of December 15, 2016 (including interim reporting periods within those periods). The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies  
Schedule of fair value hierarchy of assets measured on nonrecurring basis and gain (losses) recorded

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets at Fair Value

 

Total Losses

 

 

March 31, 2016

 

March 31, 2015

 

Three Months Ended March 31,

 

   

Total

   

Level 1

   

Level 2

   

Level 3

   

Total

   

Level 1

   

Level 2

   

Level 3

   

2016

   

2015

 

 

(in thousands)

 

(in thousands)

Equipment held for sale

 

$

3,307

 

$

 —

 

$

3,307

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

$

(2,036)

 

$

(24)

 

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investments (Tables)
3 Months Ended
Mar. 31, 2016
Investments [Abstract]  
Schedule of investments

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2016

    

WMES

 

CASC

 

Total

 

 

(in thousands)

Investment in joint ventures as of December 31, 2015

 

$

27,272

 

$

14,023

 

$

41,295

Capital contribution

 

 

4,610

 

 

 —

 

 

4,610

Earnings from joint venture

 

 

60

 

 

127

 

 

187

Deferred gain on engine sale

 

 

(1,212)

 

 

 —

 

 

(1,212)

Distribution

 

 

(1,167)

 

 

 —

 

 

(1,167)

Foreign Currency Translation Adjustment

 

 

 —

 

 

(441)

 

 

(441)

Investment in joint ventures as of March 31, 2016

 

$

29,563

 

$

13,709

 

$

43,272

 

Summarized financial information

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

    

2016

    

2015

 

 

(in thousands)

Revenue

 

$

9,246

 

$

6,398

Expenses

 

 

9,180

 

 

5,727

WMES net income

 

$

66

 

$

671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

    

December 31,

 

 

 

2016

 

 

2015

 

 

(in thousands)

Total assets

 

$

299,746

 

$

256,126

Total liabilities

 

 

231,927

 

 

195,258

Total WMES net equity

 

$

67,819

 

$

60,868

 

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Notes Payable (Tables)
3 Months Ended
Mar. 31, 2016
Notes Payable  
Schedule of notes payable

 

 

 

 

 

 

 

 

 

 

March 31,

    

December 31,

 

 

    

2016

 

2015

 

 

 

(in thousands)

 

Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines. The facility has a committed amount of $700.0 million at March 31, 2016, which revolves until the maturity date of June 2019.

 

$

539,000

 

$

549,000

 

 

 

 

 

 

 

 

 

WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.

 

 

294,337

 

 

300,467

 

 

 

 

 

 

 

 

 

Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.

 

 

15,719

 

 

16,135

 

 

 

 

 

 

 

 

 

Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.

 

 

12,739

 

 

13,082

 

 

 

 

 

 

 

 

 

Notes payable

 

 

861,795

 

 

878,684

 

 

 

 

 

 

 

 

 

Less: unamortized debt issuance costs

 

 

(11,764)

 

 

(12,595)

 

Total notes payable

 

$

850,031

 

$

866,089

 

 

Schedule or principal outstanding

 

 

 

 

Year

    

(in thousands)

2016

 

$

17,091

2017

 

 

23,624

2018

 

 

33,294

2019

 

 

562,430

2020

 

 

23,031

Thereafter

 

 

202,325

 

 

$

861,795

 

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2016
Stock-Based Compensation Plans  
Summary of activity under the 2007 Plan

 

 

 

 

    

Shares

Restricted stock at December 31, 2014

 

525,356

Granted in 2015 (vesting over 3 years)

 

125,000

Granted in 2015 (vesting over 4 years)

 

5,000

Granted in 2015 (vesting on first anniversary from date of issuance)

 

16,440

Vested in 2015

 

(275,201)

Restricted stock at December 31, 2015

 

396,595

Granted in 2016 (vesting over 2 years)

 

20,000

Granted in 2016 (vesting over 3 years)

 

75,000

Granted in 2016 (vesting over 4 years)

 

13,250

Vested in 2016

 

(61,083)

Cancelled in 2016

 

(17,166)

Restricted stock at March 31, 2016

 

426,596

 

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
Operating Segments (Tables)
3 Months Ended
Mar. 31, 2016
Operating Segments  
Summary of the operating segments

The following tables present a summary of the operating segments (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Leasing and 

    

 

 

    

 

 

 

 

For the three months ended March 31, 2016

 

Related Operations

 

Spare Parts Sales

 

Eliminations (1)

 

Total

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Lease rent revenue

 

$

28,139

 

$

 —

 

$

 —

 

$

28,139

Maintenance reserve revenue

 

 

15,819

 

 

 —

 

 

 —

 

 

15,819

Spare parts sales

 

 

 —

 

 

2,609

 

 

 —

 

 

2,609

Gain on sale of leased equipment

 

 

2,989

 

 

 —

 

 

 —

 

 

2,989

Other revenue

 

 

933

 

 

358

 

 

(291)

 

 

1,000

Total revenue

 

 

47,880

 

 

2,967

 

 

(291)

 

 

50,556

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

16,562

 

 

82

 

 

 —

 

 

16,644

Cost of spare parts sales

 

 

 —

 

 

1,915

 

 

 —

 

 

1,915

General and administrative

 

 

10,980

 

 

772

 

 

 —

 

 

11,752

Net finance costs

 

 

9,913

 

 

95

 

 

 —

 

 

10,008

Other expense

 

 

3,732

 

 

 —

 

 

 —

 

 

3,732

Total expenses

 

 

41,187

 

 

2,864

 

 

 —

 

 

44,051

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

6,693

 

$

103

 

$

(291)

 

$

6,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Leasing and 

    

 

 

    

 

 

 

 

For the three months ended March 31, 2015

 

Related Operations

 

Spare Parts Sales

 

Eliminations (1)

 

Total

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Lease rent revenue

 

$

25,097

 

$

 —

 

$

 —

 

$

25,097

Maintenance reserve revenue

 

 

14,148

 

 

 —

 

 

 —

 

 

14,148

Spare parts sales

 

 

 —

 

 

2,151

 

 

 —

 

 

2,151

Gain on sale of leased equipment

 

 

662

 

 

 —

 

 

 —

 

 

662

Other revenue

 

 

617

 

 

295

 

 

(156)

 

 

756

Total revenue

 

 

40,524

 

 

2,446

 

 

(156)

 

 

42,814

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

17,633

 

 

72

 

 

 —

 

 

17,705

Cost of spare parts sales

 

 

 —

 

 

1,480

 

 

 —

 

 

1,480

General and administrative

 

 

9,337

 

 

635

 

 

 —

 

 

9,972

Net finance costs

 

 

8,326

 

 

90

 

 

 —

 

 

8,416

Other expense

 

 

1,856

 

 

 —

 

 

 —

 

 

1,856

Total expenses

 

 

37,152

 

 

2,277

 

 

 —

 

 

39,429

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from operations

 

$

3,372

 

$

169

 

$

(156)

 

$

3,385

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Represents revenue generated between our

       operating segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of March 31, 2016

 

$

1,252,992

 

$

24,468

 

$

 —

 

$

1,277,460

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets as of December 31, 2015

 

$

1,269,396

 

$

26,586

 

$

 —

 

$

1,295,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Summary of Significant Accounting Policies (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Assets at fair value and gains (losses) recorded      
Equipment held for sale $ 25,971   $ 23,454
Total losses on assets (2,036) $ (24)  
Asset write-down 2,036 $ 24  
Unamortized debt issuance cost $ 12,600    
Level 1      
Assets at fair value and gains (losses) recorded      
Equipment held for sale  
Nonrecurring      
Assets at fair value and gains (losses) recorded      
Equipment held for sale $ 3,307    
Nonrecurring | Level 2      
Assets at fair value and gains (losses) recorded      
Equipment held for sale $ 3,307    
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investments (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Oct. 31, 2014
Mar. 31, 2016
Mar. 31, 2015
Jun. 03, 2014
Investments        
Capital contribution to joint ventures   $ (4,610) $ (630)  
Investment in WMES joint ventures at beginning of the period   41,295    
Capital contribution   4,610 630  
Earnings from joint venture   187    
Deferred gain on engine sale   (1,212)    
Distribution   (1,167)    
Foreign currency translation adjustment   (441)    
Investment in WMES joint ventures at end of the period   43,272    
Management fees   $ 600 $ 400  
WMES        
Investments        
Ownership interest (as a percent)   100.00% 50.00%  
Capital contribution to joint ventures   $ (4,610)    
Investment in WMES joint ventures at beginning of the period   27,272    
Capital contribution   4,610    
Earnings from joint venture   60    
Deferred gain on engine sale   (1,212)    
Distribution   (1,167)    
Investment in WMES joint ventures at end of the period   29,563    
Gain on sale of equipemnt   $ 1,200    
Amortized Gain Period   15 years    
Amortized Gain Residual Value Percent   55.00%    
Consolidated Statements of Income        
Revenue   $ 9,246 $ 6,398  
Expenses   9,180 5,727  
WMES net income   66 671  
Consolidated Balance Sheets        
Total assets   299,746 256,126  
Total liabilities   231,927 195,258  
Total WMES net equity   67,819 $ 60,868  
CASC        
Investments        
Ownership interest (as a percent)       50.00%
Capital contribution to joint ventures $ 15,000      
Investment in WMES joint ventures at beginning of the period   14,023    
Capital contribution $ (15,000)      
Earnings from joint venture   127    
Foreign currency translation adjustment   (441)    
Investment in WMES joint ventures at end of the period   $ 13,709    
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.4.0.3
Notes Payable (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Apr. 20, 2016
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Apr. 19, 2016
Principal outstanding repayable          
2016   $ 17,091      
2017   23,624      
2018   33,294      
2019   562,430      
2020   23,031      
Thereafter   202,325      
Notes payable   861,795   $ 878,684  
Notes payable   861,795   878,684  
Less: unamortized debt issuance costs   (11,764)   (12,595)  
Total notes payable   850,031   866,089  
Notes payable   850,031   $ 866,089  
Net proceeds received from notes issued and sold   $ 20,000 $ 31,000    
WEST II Series 2012-A term notes payable at a fixed rate of interest maturing in September 2037. Secured by engines | WEST II          
Long Term Debt          
Fixed rate (as a percent)   5.50%   5.50%  
Principal outstanding repayable          
Notes payable   $ 294,337   $ 300,467  
Notes payable   294,337   300,467  
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft          
Principal outstanding repayable          
Notes payable   15,719   16,135  
Notes payable   $ 15,719   16,135  
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft | Minimum          
Long Term Debt          
Fixed rate (as a percent)   2.60%      
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft | Maximum          
Long Term Debt          
Fixed rate (as a percent)   2.97%      
Note payable at a fixed interest rate of 2.25%, maturing in January 2018, secured by engines          
Principal outstanding repayable          
Notes payable   $ 12,739   13,082  
Notes payable   $ 12,739   13,082  
Note payable at a fixed interest rate of 2.25%, maturing in January 2018, secured by engines | LIBOR          
Long Term Debt          
Basis spread on variable rate (as a percent)   2.25%      
Revolving credit facility          
Long Term Debt          
Maximum borrowing capacity under credit facility         $ 700,000
Revolving credit facility | Subsequent event          
Long Term Debt          
Basis spread on variable rate (as a percent) 2.75%        
Maximum borrowing capacity under credit facility $ 890,000       $ 700,000
Amount of debt available under accordion feature $ 1,000,000        
Revolving credit facility | Subsequent event | LIBOR          
Long Term Debt          
Basis spread on variable rate (as a percent) 2.75%        
Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines          
Long Term Debt          
Maximum borrowing capacity under credit facility   $ 700,000      
Principal outstanding repayable          
Notes payable   539,000   549,000  
Notes payable   $ 539,000   $ 549,000  
Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines | LIBOR          
Long Term Debt          
Basis spread on variable rate (as a percent)   2.75%      
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation Plans (Details) - The 2007 plan - shares
3 Months Ended
Mar. 31, 2016
May. 28, 2015
May. 24, 2007
Stock-based compensation plans      
Number of shares authorized 2,800,000 800,000 2,000,000
Options cancelled (in shares) 152,534    
Outstanding at the end of the period (in shares) 580,572    
Restricted stock      
Stock-based compensation plans      
Number of shares authorized 2,371,962    
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stock-Based Compensation Plans - Restricted stock activity (Details) - The 2007 plan - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Number Outstanding    
Balance at the beginning of the period (in shares) 396,595 525,356
Shares vested (61,083) (275,201)
Shares cancelled (17,166)  
Balance at the end of the period (in shares) 426,596 396,595
Restricted stock    
Number Outstanding    
Remaining average vesting period for recognition of unrecognized compensation expense 2 years  
Unrecognized compensation expense (in dollars) $ 5.9  
Intrinsic value of unvested awards (in dollars) $ 9.2  
Restricted stock | Awards vesting on first anniversary    
Number Outstanding    
Shares granted   16,440
Restricted stock | Awards Vesting Over Two Year Member    
Number Outstanding    
Shares granted 20,000  
Vesting period 2 years  
Restricted stock | Awards Vesting Over Three Years [Member]    
Number Outstanding    
Shares granted 75,000 125,000
Vesting period 3 years 3 years
Restricted stock | Awards vesting over four years    
Number Outstanding    
Shares granted 13,250 5,000
Vesting period 4 years 4 years
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.4.0.3
Income Taxes (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Taxes    
Income tax expense $ 2,924 $ 1,441
Effective tax rate (as a percent) 43.70% 38.50%
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.4.0.3
Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Level 3    
Fair value of financial instruments    
Fair value of notes payable $ 872.9 $ 890.1
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.4.0.3
Operating Segments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Revenue:      
Lease rent revenue $ 28,139 $ 25,097  
Maintenance reserve revenue 15,819 14,148  
Spare parts sales 2,609 2,151  
Gain on sale of leased equipment 2,989 662  
Other revenue 1,000 756  
Total revenue 50,556 42,814  
Expenses:      
Depreciation and amortization expense 16,644 17,705  
Cost Of Spare Parts and Equipment Sales 1,915 1,480  
General and administrative 11,752 9,972  
Net finance costs 10,008 8,416  
Other expense 3,732 1,856  
Total expenses 44,051 39,429  
Interest expense 10,008 9,567  
Earnings from operations 6,505 3,385  
Total assets 1,277,460   $ 1,295,982
Operating Segments [Member] | Leasing and Related Operations      
Revenue:      
Lease rent revenue 28,139 25,097  
Maintenance reserve revenue 15,819 14,148  
Gain on sale of leased equipment 2,989 662  
Other revenue 933 617  
Total revenue 47,880 40,524  
Expenses:      
Depreciation and amortization expense 16,562 17,633  
General and administrative 10,980 9,337  
Net finance costs 9,913 8,326  
Other expense 3,732 1,856  
Total expenses 41,187 37,152  
Earnings from operations 6,693 3,372  
Total assets 1,252,992   1,269,396
Operating Segments [Member] | Spare Parts Sales      
Revenue:      
Spare parts sales 2,609 2,151  
Other revenue 358 295  
Total revenue 2,967 2,446  
Expenses:      
Depreciation and amortization expense 82 72  
Cost Of Spare Parts and Equipment Sales 1,915 1,480  
General and administrative 772 635  
Net finance costs 95 90  
Total expenses 2,864 2,277  
Earnings from operations 103 169  
Total assets 24,468   $ 26,586
Intersegment Eliminations [Member]      
Revenue:      
Other revenue (291) (156)  
Total revenue (291) (156)  
Expenses:      
Earnings from operations $ (291) $ (156)  
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Event (Details) - Revolving credit facility - USD ($)
$ in Millions
Apr. 20, 2016
Apr. 19, 2016
Subsequent events    
Line of Credit Facility, Maximum Borrowing Capacity   $ 700.0
Subsequent event    
Subsequent events    
Line of Credit Facility, Maximum Borrowing Capacity $ 890.0 $ 700.0
Amount of debt available under accordion feature $ 1,000.0  
Basis spread on variable rate (as a percent) 2.75%  
Subsequent event | LIBOR    
Subsequent events    
Basis spread on variable rate (as a percent) 2.75%  
EXCEL 44 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 48 FilingSummary.xml IDEA: XBRL DOCUMENT 3.4.0.3 html 89 184 1 false 31 0 false 4 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.willislease.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - Consolidated Balance Sheets Sheet http://www.willislease.com/role/StatementConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00105 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.willislease.com/role/StatementConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - Consolidated Statements of Income Sheet http://www.willislease.com/role/StatementConsolidatedStatementsOfIncome Consolidated Statements of Income Statements 4 false false R5.htm 00300 - Statement - Consolidated Statements of Comprehensive Income Sheet http://www.willislease.com/role/StatementConsolidatedStatementsOfComprehensiveIncome Consolidated Statements of Comprehensive Income Statements 5 false false R6.htm 00400 - Statement - Consolidated Statements of Shareholders' Equity Sheet http://www.willislease.com/role/StatementConsolidatedStatementsOfShareholdersEquity Consolidated Statements of Shareholders' Equity Statements 6 false false R7.htm 00405 - Statement - Consolidated Statements of Shareholders' Equity (Parenthetical) Sheet http://www.willislease.com/role/StatementConsolidatedStatementsOfShareholdersEquityParenthetical Consolidated Statements of Shareholders' Equity (Parenthetical) Statements 7 false false R8.htm 00500 - Statement - Consolidated Statements of Cash Flows Sheet http://www.willislease.com/role/StatementConsolidatedStatementsOfCashFlows Consolidated Statements of Cash Flows Statements 8 false false R9.htm 10101 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 10201 - Disclosure - Management Estimates Sheet http://www.willislease.com/role/DisclosureManagementEstimates Management Estimates Notes 10 false false R11.htm 10301 - Disclosure - Investments Sheet http://www.willislease.com/role/DisclosureInvestments Investments Notes 11 false false R12.htm 10401 - Disclosure - Notes Payable Notes http://www.willislease.com/role/DisclosureNotesPayable Notes Payable Notes 12 false false R13.htm 10501 - Disclosure - Stock-Based Compensation Plans Sheet http://www.willislease.com/role/DisclosureStockBasedCompensationPlans Stock-Based Compensation Plans Notes 13 false false R14.htm 10601 - Disclosure - Income Taxes Sheet http://www.willislease.com/role/DisclosureIncomeTaxes Income Taxes Notes 14 false false R15.htm 10701 - Disclosure - Fair Value of Financial Instruments Sheet http://www.willislease.com/role/DisclosureFairValueOfFinancialInstruments Fair Value of Financial Instruments Notes 15 false false R16.htm 10801 - Disclosure - Operating Segments Sheet http://www.willislease.com/role/DisclosureOperatingSegments Operating Segments Notes 16 false false R17.htm 10901 - Disclosure - Subsequent Events Sheet http://www.willislease.com/role/DisclosureSubsequentEvents Subsequent Events Notes 17 false false R18.htm 20102 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPolicies 18 false false R19.htm 30103 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPolicies 19 false false R20.htm 30303 - Disclosure - Investments (Tables) Sheet http://www.willislease.com/role/DisclosureInvestmentsTables Investments (Tables) Tables http://www.willislease.com/role/DisclosureInvestments 20 false false R21.htm 30403 - Disclosure - Notes Payable (Tables) Notes http://www.willislease.com/role/DisclosureNotesPayableTables Notes Payable (Tables) Tables http://www.willislease.com/role/DisclosureNotesPayable 21 false false R22.htm 30503 - Disclosure - Stock-Based Compensation Plans (Tables) Sheet http://www.willislease.com/role/DisclosureStockBasedCompensationPlansTables Stock-Based Compensation Plans (Tables) Tables http://www.willislease.com/role/DisclosureStockBasedCompensationPlans 22 false false R23.htm 30803 - Disclosure - Operating Segments (Tables) Sheet http://www.willislease.com/role/DisclosureOperatingSegmentsTables Operating Segments (Tables) Tables http://www.willislease.com/role/DisclosureOperatingSegments 23 false false R24.htm 40101 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://www.willislease.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables 24 false false R25.htm 40302 - Disclosure - Investments (Details) Sheet http://www.willislease.com/role/DisclosureInvestmentsDetails Investments (Details) Details http://www.willislease.com/role/DisclosureInvestmentsTables 25 false false R26.htm 40401 - Disclosure - Notes Payable (Details) Notes http://www.willislease.com/role/DisclosureNotesPayableDetails Notes Payable (Details) Details http://www.willislease.com/role/DisclosureNotesPayableTables 26 false false R27.htm 40501 - Disclosure - Stock-Based Compensation Plans (Details) Sheet http://www.willislease.com/role/DisclosureStockBasedCompensationPlansDetails Stock-Based Compensation Plans (Details) Details http://www.willislease.com/role/DisclosureStockBasedCompensationPlansTables 27 false false R28.htm 40502 - Disclosure - Stock-Based Compensation Plans - Restricted stock activity (Details) Sheet http://www.willislease.com/role/DisclosureStockBasedCompensationPlansRestrictedStockActivityDetails Stock-Based Compensation Plans - Restricted stock activity (Details) Details 28 false false R29.htm 40601 - Disclosure - Income Taxes (Details) Sheet http://www.willislease.com/role/DisclosureIncomeTaxesDetails Income Taxes (Details) Details http://www.willislease.com/role/DisclosureIncomeTaxes 29 false false R30.htm 40701 - Disclosure - Fair Value of Financial Instruments (Details) Sheet http://www.willislease.com/role/DisclosureFairValueOfFinancialInstrumentsDetails Fair Value of Financial Instruments (Details) Details http://www.willislease.com/role/DisclosureFairValueOfFinancialInstruments 30 false false R31.htm 40801 - Disclosure - Operating Segments (Details) Sheet http://www.willislease.com/role/DisclosureOperatingSegmentsDetails Operating Segments (Details) Details http://www.willislease.com/role/DisclosureOperatingSegmentsTables 31 false false R32.htm 40901 - Disclosure - Subsequent Event (Details) Sheet http://www.willislease.com/role/DisclosureSubsequentEventDetails Subsequent Event (Details) Details http://www.willislease.com/role/DisclosureSubsequentEvents 32 false false All Reports Book All Reports wlfc-20160331.xml wlfc-20160331.xsd wlfc-20160331_cal.xml wlfc-20160331_def.xml wlfc-20160331_lab.xml wlfc-20160331_pre.xml true true ZIP 50 0001558370-16-005781-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001558370-16-005781-xbrl.zip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
  • 'A\E_!$&S2W54^LN [=#[WL%Z'[5N@$2="GPR4@PBJ)$'V;C=F# MK>[=94I/]S%)6380]$\J!!O2 0/)1-P3/?:%I\%@JL:&[[%ZS6\A>MX/8?8: M-FS7%XR- [^+B&=B9OA_ZO(R/7 #N,%2-S@;\51,5?6-IYF%#% [#N.@&V O_)6P?MK]O>>[*]O7FIFL9O*G#.S-+'+:T?L5W<2WB M7!P[B"IWJD\<$J5Q]69[3\$Y+%N'[!:B=-=,@0#8+1!0:3,% F"W0$"ES10( M<&J2WKH2_\=S-:H 6;!4T'72(FWC8-8&2';2=BU8)W=MR:_P[-M?"[?>\FK= M(Q@P/!X>;YKD&3D\JQ7_K!V4;4DM;*%<_5\_ZC6_B5=?P!5PQ1;)@RL6*0M< M 5 9:9/_IS M(F%H1UI0O]S/1NJ=?B;Q*C^@[\A,I=-H=T _U0E&09_J6;?3]#$B?*Q[?LNO MD)4#"\""V5AP0#\(2D ?=ZW;:?J8'I0XD=*RO0;N-Q[&+(EUHHLE?1:I=RU[ M3/R5AZ.A('=P#_28"C%/E.@9@.1.OPN+&B_Y?TZ /5=*\@,=OM8 MD0U8 !: A?E)X&[+,"L'%H %8.%!*6P: B_\5OOE:D(CB=C. //V7 <50 4; M@H6C5MOA_(_M]6)ZNTN',T.8(=@<3C!%8&U/8/@<0;/FM>I-PYP#G#'.6,$9 M<.9Y;R\TF_=$H\ ,, /,5 $S>TR$ 2J "J#B(E1V,$:J>QW_GC&2$ZDT$Q)F MN[/WO5,?;-_=E-%*T'9_9V#K)6B=#4)@MIL*-$M0',(5\$R%T1IHD=4E&5F!+]>LU.#9P R@(R3D'% ,(Q#F:4\"Z]1H ;X _&&(]X(D'>]1@.;Q0$+ MP *P,(.%=@-;Q0$*@((I4'! /]5)8($^U;-NI^EC1$C2];KW5-ZNW0,292($VIQVDHF@S(GCJ>$W_GA&:$YD\._)UI]E MI%C0S.E0=KV=-(%UP[OM=I69U? Q@ !L? X(""4!X"_CALWN"/X0H" M?\ ?A\W;;?Z8/C!R(JUE>X':>9+Q:)SP0G4:D(_)#R<[ \-G/QI'GM^R>OEO M< :< 6=,YTS=JQ]9_68W, /, #-NJZXZ63?0#"X!FID>-#6Z7K/>=3B)9T*J M;G?VOG?J@^U;%AAV.'9.@M;9( 1FN\G!:2MG@Q"8[28'IZV<#4)@MILHC2OZ]K* MCB!FA 4P4XC2/%'"XV&F%I@I1 F/A\=7R4PA2G@\4E6FI9]1#(-L?V5RU7; MU7H)6F>#$)CM)@>GK9P-0F"VFQR&\ MF@GFC\J=RJ#;J<0ZIB9@@W!:%TT.3ELY&X3 ;#]",3P4J1WBG=:#J8LD(=&'AIYZ#WGH=M=K]%M&V3[P(B9!@N,F*@5 M(S!2;WNM#A@"AH A-C($Q3L@%4@%4IE/*B.B'1HT=5M>MW//&P].I-;L,'\4 M]#B,<^<%9MT$Q;X%!@N#P."21@D,%@:!P26-$A@L# *#2^Y*8 NC_>(COXS$ M8M9@_.NR]A59CC(]\FAKYQJ[RD!:GSB]RX9CD0L>18F M,0NH[73"=]%_?? ^3_67%S[]3U7K7)PG%XV+1O'A@.5Q6!SX._WAUP]83P3A MD$?R]<&KQL$;OW;4),W/M''I+9_=K/9LL]J/-JO;W%2K3M*4QU="R?WM[?20 M;_Q6?75RP].>_M>_A50J^2;2,.GYCXO8KX]E?%$VX$)?Y_QV)$Y^A'+R[7>Z MB=9:3@+[K(:O+KMXC'7_FP..4FZ@<7G^* &A9>"WTY]7N]5CM:.*UL M[?0L?; LOSZ]%NG')$__5_!4%F<>O/G6_-_'Y/DT64$+]VOA?) *,:^&AEMJ MF'=L,[7@O"_8H 2X@A%:N$F4#B8JJ.].!9>/7_ER\G,).Y,5I?R\: M>CC@:5' 4]<1^((R]B*R#7G/H^WXF*1]$=(-/\6%T3S%N9ZGAEDM?/KZD<+A M([_=WH!'K/_PNY+Z;W2)3*XDVJ:F[3^&(7:IZ7 M-G2\F?CM,?6V5A@[0KNF:/=.8/BH]]:A8(M"SG6]UV^0?J%=2[2[MO<>P7EM M4N_<>/$QW=:7C&$CRNQ#Y_+,;*/'=I)/: M?JW3L%;>A;N<]O6O\B3/!DD:_KTTI]JZJ#U^QN.NH!M'?K==-U_0\QG[G&YA4 _CJ_% 4IN/ M6LW.9L7Q6$_##CY0! D>:RG_9,H#$(A)X6,ZU0#OBG+ M+2>ED\\HO7Q.R>@3ZG=K:Y?$W@A]\\LDZLW6R$XNY!].RV3963ZDQMRJ]=EF MQ,ZF:??^%Q5ZH)WJV&]$_' M8487"Y:V^05_N;#HP[U_48\1ZN7UOI$WD5RU&QRS9VJKT::F/%;)/BN8\W H M)/LJ;MCW9,AC3W_V)/7O?:UW3:YWF*1&6Y[VP+#J2 MY)<]KC[TPYC'0<@CND7);LG".(CRGF TCF>\\&9M)G^$440&\UE0I,$^ZC,% M>Y>DHZ0@**,H@X5TK,PO9=@+>4J^SUY,5QYY]\N-F'YZ_PM+4GV3V2-4I\'C MV]G#7NH+#_BU8)="Q&R4BA%U #TVRE.9*^9DB;Y.FD<$FXF6U5FIN,HCW3K] M".JH,Q'D:9BIMJDC/OP(!BJ48JI?"J54#]*GAJ7C2GA&7U#H.9Q>V*^]^I]# M]FWF[C(/!H_QB1?NOYP*K(XR03K3>KM)7U!/T?1[5@3)-5XN:HF MHJ #E*K2GE;*39@-QJI33S!*Z4KAB)K'KD0L4GUQ^EV,LN)<)1?5]](GW8EK M89T,R3X#/B-YLATR?HHSE>:289C1"8?LO+03K3AUNZFQA=3/IN%P!:.3@R2/ M>G0;DAG7;:)S_I/'@1:3?B!MCRM;\5BR4IV7BBSQ2%%70GTH+O>%Q[R(H*?& MUOU%,O7F0U[8@;K&2D>2""<:I,%I'A5.9/EE4Z%@,I%LJ.'<(SJJ8?ZX9UE^NV3N M46X&(5UXR&^G M7,4T10UE$V)A5#KHP[51=33:B09^\C:KY<.6K^5O2E-#I5 MJGDW<>UGQ,XV*FGW3?Y#,''-HYR@J3FI4FPZBB-N%EYU(XI8A<=,$#@I0 F* M"$1(XI\JQXTT$GN"OAO2?>B\(B!0;C<;+^44U,HB="CN0^Y.XY/KJ-=;I M9Y]3?P,2M,C%8F8D?*;9@ M^DT-]H5&AS2(T69ZYV7F-:5V7!W][K[)6F?76F?DYCTBA1JH\))YXT$QL200 M!6MNI@.T0%#44P0K/"ZV:E $'/&PI\?B*8]EG[#*642<"R/E_2\4E7^$67') ME^-1YVCET5-5,PKA(QBN[J MUKP8-%Z*[$:-6LMKT$ Y"]6M-$"+NP^GULH4Q@ZU%1=#\TP$@SC\*R<2Y6K( M2P]6'JYCZ5)V0PJ[Z0X_"%-_%Q2D@W4$>"E%>EU2?I27(U*"V9TC\_C.L=XX MI4%FH=I&O9$,Z>=#]D=Q&I]MPR"D8)/B5<5./3B/RT@Y$M>BB%/&EZ4_B[ZR MZ%JH2V393:)1JX<:)$5U@6E[QC%^Q.G0V99Z]PBDN/RX+^HG$86]:E6*YSA& ML4REFE03J07.O/46?E9Z93Y[Q?XG3U3?J'U*%ED@/2(I;+X8W(2**F$PW51E MQG]4IV_J4]JBASKIX5/AXHF.)@F7,1OK2+-3N<.LZXA0']@+B:4J*%5:BL>? MO"*=2"C^:TZ[2I>2Z!'Q=+DF?UDX(8PG=C!IA1K%%C:BTZ]%@TM +6EJ,7I5 M+"4^I&ERJ7*]=(?+V]F#2L(207G1ROQ2S3EGH4XT:@[D%.>IJ'L K>Z89Y$.ENYE^ M/2D$7(;8O3+UK++^ZD/&9L)PE=)C7Y-XFB'4LWW&/*K]\3,%8M,\PKPS1$E\ M]2K2(7+I$P,1%>I2D>24[ZI.8J2#3WV 0F>9."2%17J>34]1W3U,"$.KPYU[-Q7L;I*%><4 M1-)-BPFWHFOH$Q"25 W48Q;2 #U,=4/HN/1*CQS2L0'J8;_B0,#35&? [])! M#2R$Z$D]33@5VK,&\I8%A[NWU//9.)SI9=C4=-N-U'V ZC<\/2-6CLB6#2R* MZ8T[<[-JNJRT\.$$2MF<-R@.Q;,+! M^'.Y8F.!A\F*C67A1D!>P4=2'(__^*6X$:FF=EB;UF05)5IWGGW=_0MJG<-V M>Y\K1 Z* ,.G9QME&UDO=-U?03_* 99=;_M;9Y/+% M2V@T]P?@[EN]1;X"?FF=XN"73JM7 MK_4WU:!1=MP$7MTR%+@ METZK%P-0^W4(%W5:O1B VJ]#N*C3ZL4 U'X=PD6=5B_*&.W4&]S2:?6N72F) MJBY4=9FFA@J^6FF'G'=%L1=A/%5@-DARR>.>? F7,=1E]E$";H>8;?(85T.! M=^\^?/CX<=/!@+]XG2>K=F'KNGOVM*P&_+:DJPW #J+U'W:HWV2Y@YB %B@!@K$:-Y#RZ* MSY/B].(COXS$XB7&OS[?!Q^QFH=>[YHTY<,1SR^9;D4/:;?QV=U%L:C/),L2]A0<)FG@HGEQ>J' MRUXN7;A*& =1WA/LKSS)Z!ZC- R$+*X0TN/RE'&]P1H=2/_/@RR\%HQ$]2=] M=WC']=9\:@L596&33TAS9$9AJBTD&%!;! LE2T6@,-1C-P,1:W,+>)K>$O05 M'G/!DK[^5AL $S\"(7ID!V0+?;I8<D'X(DE@1=DE/W?)F$-*U M)Z*=CN^ZOT@6DZPOD^3/4@>%V*E!ZG ALW#("S]-M#J6NOA.5-+T:K7G:^4I MVF@I@9/P4Z*?T&?,R(M^^ENDB99^(-*,TT65%B3C*6F+'KV?)L.I8D@\/!ZK M+!OPC-V0H5"'25H0ZKWVWHR(F34^_VQ,;:&%ZJ?C4!E@L+3-+WHO'UD78?+7 M=Q%$Y#MA/PQX1BXHC_?=%8TS2*S17I#>>3BD'O6KN&'?$Z*'IS][4J1AWS"= M[]Y,[^B1#3C%%Y>".J0A[VEW3O)4XU4M,:'9UZ.JGIYJJBP4C< %.P*!6)E%'Q,4J%ZWG=YFHHX MN&7G*8]EI%5\;,X36^^JY]/AR'S TB\5$,;7%)\4WCCU8G*_:^J&R96H:TW) M7:6.2'Y0&!I3&,H7QSV'3-VH^%4/.B:'%B?3-PH(RVZ:BE&B[T3C9E'00$4^ MV2V-D[)!0BV@H5(YWM'!ALR2X,\!=?$BE;//-#Z-8A,>!/DPCS1W$KJB0M%P ME J*F*4:"='EDJ$XM$:+5L*@OTYG^8J/DZYY1@5G&8U^>$K=\=N$_L->''P\.7M[\)+&H#(GOUIZ MZ.\CU=G3L2=GOQ\LU?_7Y%#?^56MZVDRD4MJZK\Z4WX]]Q5[<9Z,PH =^9V7 MQ^P3>7!R708.%!=\&(ZBY):Z_C,:&XM7;[F*"[[QV^&\+15HRD=%%'*54SA" M=C5AU2"YT7#@<2@T.-1I<^,0+D9:DM^H(&M=D P4[=7*J")<6 M$O 4YVX$#7KHO_,ATGA$-HFS5-,#+@>L'R4W^3L"FFP>K8D;UEX(FTF-CE+?TE99(20)(\ZC$" M&CEL1+Y(<%'(HYY7X[%7I%UT3/8CE/I"%!H&8E2DED_.WI&$:AXK%'#(R#+4 M!)3R?:\PB 'A2:7$TBCR%P_--+;P:_O$^_L?<4-@TO MZ0^_I3'<*?J/DL*]9*01/&[4$U \2C+56&K?#)0G%RXE-/_T8TBK?/,]PW_Z M>FPAU.?E4=&U)M2^T$^?_-(PWQUG*(JU]>^=3-GY$)1&'_ M=FP;7XI)K'%X\8E&=+$*6KPR3RZ+XY6=J\.'\X>'X\,5C(JP1K.E#+FF/Y.[ M74[.UJ-1[7W)#9F]BFH2F2E[4>GW5)"(_E;SF.-)#F7GG&[9*V)&'1:1O:OG M4H/*>3?MAY(8R&[)?>2CKM;6GE8$!#-HHD=J#X!S;=8Z341I&]WO'8>$>M8;'#A;]XQNQC=K*QZA\+RXS]HE. MU8I^1W8K#Y9/ XV]KM88!_RR[*S4)<+Q)93IJ^Q)D>70LUSCKE/E1]6Q4<@O MPTCE1(IN5C5H.F%SR2-](3D0Y#TJ:S+N**DOS@/=\$GW/YECY$,]0-+P'[=I MFI],FE"_RRURVCCUUW,+(!(%(L)WU,144-93S[.E">EQ=X-DS=W[]\.Z:X4^=357/O,28M$9G93!^CG%L M-B=0DL#71"7W:"2LJ L8;3MKHSOJYKT==5/G5+Z7 ;)6V#L5S7*5O=#>^"Z7 M63(4J9STTCDYD!0]I46*K,,DEY,(NZ2)MN!Q#U7TJ;,#C05&\3*92" MNF AG,;:ZI[),%3)E*M$]9VJ?$6DU[J614W\C%NKB,7C,7KT?4K?*X(+#9U> M&3^6WQ2-$#^*W(WVUD 4N=]IE*B@2DY& M"*4F]5,.1#12CYIJ_"V=N]//J,V@&'URERR<.UHV\+I[&>5# MNO-4%C,>EQVR#_,#+@KJ)F.M\7 Q24-J ;5MH=6S7T4OI=":U(-+1M;:=V>G7F4"!OEL\8]*IEQ,LZDF*9YJ-/HI.4QTV?LI0 M@82>?R8YN'9*4!5]:"'KKQ=CYXGG/S+G_% W-5O\N%!I6="_J!RM_=B M%)0^'\QU&?/],XGD]8%?OA^RV(5OY,:SI[/9#[_^G,M75YR/CL]"THV*2.)L MFAO_1I(*B'#GU)^]C9+@SS?__ =COT[.F9EI^U!,KBDGI8._B_[K@Q-Y<=J_ M\.L7#?]"=3\'A(2P^.EW^L.O'^C,SY!'\O7!J\;!F[K?[K3]6JTVTZP[MWA6 M$R[*\RXFF>#B)&5E2:S4?_(CE).CID#\QL/>I_@='ZFLW1?MD(\^3K->.VH; M]#3T-07%^AXK/D&G85#SOPLU]A<]PJE"M5SQ&?RCYE&MOOGG:)2/T5K!K+OU M^A8D.6G!CJW:;];,>1@SC/JIK7^R31\5F_)LRS=7,>I:H[$%MYHV85VKGM9T MZ&'HN]F*CD]Z2G5%Z;YJU;?9">W67>N=H_I6+67K_GK4,JCY3W783KW6ZFR/ M.^U5_)4.VV(+]N>NG5K7H.=ZGK:7)):<$]'ZH\9M2>6[&.5I M,%"'WPVV# J>&TMBQ ?;OM%GW?$@:EGB>D,/JTUDDYW9T;*.^J&;;Z^M.^74 M7I][W<"SV5HRH[.?QNXVBFRVEH#3B@=?OXM8$ENL\:3YI11_Y:I5JG!\6L^P MCAV^*0LO)D44SRC">$[QR))ZPV(YL7\5I?.TLLF.Q86>I].J\[(<[$:M392)5%=NZSKO\T&8]MC)L*AZ5C5UW\?E MRN_HL#!C)U>I*%ZV*.H\P[A8=Z=7%BM?)]&U?N&B.+S/@Z).G"[_[$KE3K>V MP86?=&G@L]MT5-MDFW3!YX^L$+^N2!?%4B5CS=7]I:7]R_XZ5X5LFY#YQI[N M?NM0[_*I.MQ K?RDE2-TT2?+1QNQ'/_9SW!9/,-2Z:MJPW$9HJZK))_1RU., M2PEW-HKRYRNG?GC4^J_G7F3I$_U/SM-,O9Y8U,C./Q0]!._] M)Y>*"L4;ZY-WIY.1 M\#>::IR?I5VS)=M[C#4','Z]4]O@D_P>\Z$J!O^;PF)QF8W?*?OP0Z5+Q-.+ M2%JJI>V%T?O#-YMOV!\ZBA2]DP(E7W,5^)_VWX=13M\68_W3/-.O#)1ODC_1 M4NX82JTY/YY=LRG;>XZ'3>7NL/RHOO7GN'/66_7Z_P:U<=1I=E9YBN4-V=8S MK*D)O]E][C/<1/W@>(4ZJ,^)E.?\QS/K-/3YOLLOQF8^;I-MQ0,V2P MTQR8D_)<,WYHM5P7P6X+-78DSG'<]!L/XR)S^22)! /1RR-QVB]$\D4OBOAI MLH#BW6^%^,J'0@M,->3B#S4FEE_"3.8A!9CE\.^#7COY+!^I%PL_AT-5:U * M\,TWO_6_8P'=?8K[GO&[D&&/A*/SLW2H7M//CB=>,)GFK,G4#][4#ENM9?)8 M]L0STE&+/)!AC,@POJFUK*DI'\9K>JNX?L,=3ZM';[VE9LY, (Q?PZ1C M/Y%/SWOP:;':3WQU)O0[U&7M[ET.O"U731H?-U7RM,&ZD>4!*WJ3I?6^?+%<.?5I7(*"CMFD+E_Y=;\^;=Y]M]QLJPR"Z@8$,M'? M3'*$_9#A<1Q&KP^R-!<'*[V[]Y&'J6;VV]O)G_\=DO&FP>!6[[0R9]>38S[I MS5?T ?Z]#_GS8PU^WC"OT6PUIT);=H/U[[_&6T:M[I'_O-NOK*^VL?IZL(4S M"Z-]3'5^-;A=WKR9(^77)$Z%6@"!\+FB_S0:M:.M6<(F95]?Z >L$-9=1)[E MPR%/5>PW67#VD]ZD0//W7*W18G/=P &11F%3\]&#[.)K?CFKZ@6^U$+YQP/PEY/Q#.36D_:IJ^88GQD.FQ^ MXNZI6_/5#]L=:&8K>U'ZAYV][GKHL&B[A^V];O/IL&@!! #!/M$""$\0;?$Y MM3NT6[*W+\^S9-/[+7?NB'E394UN8'M3:IC9;#G0Q;6/%O9N8$]Q:C&-E4BV MK8-']Q>OU3BT? ZR@9)+GG8:D!L M2WK8 +3,SN;;9=(_;<&8]YWTOU\#CXC4GYDD**_>F.\R])>_'- -;U(^>GU0 M_'=2\S%3$M*/$IX=JP>\4W/2]>K--F@!6H 6H,6CM&A[C6['X1#01#LOW]:^ MNT&Z_9$>"+UNJFQ-B3&" *L5_]R%P2ZL=ZOIEBW@>CUUF$'EKN=W:N . . M5)H#+>^H?N1P=&;7^.2/+Q_.]![EH5X)P\'P#4/O^T19I]][2:Y>NGG&)*C! MQFW!X'NC.C #\&UDZH +X *X6!$71[[#T>#VH?&PG;M?35)U++LOL'W/=U@G M,+@D7!(NN2.!.1&F['/44_4 !B-.B-(\PCHD2C@X'-P\4<+!JQ)<(82R7\*. M<=0Z@>V;EE:^-*67H)AJ8MVU*-ST_;V\->@6#8PP[JV^EPX8;5Q?[T6@U]%] M.H^<" :1::NF[!WK,AP2Y=[K$187 "_ "O%B%%ZVVY]?OX843L:")EEY$?%'(+\,HS$(AF8-Q'VB-A44, M0[>-"XO4&[[7O6]I$9 ) )*D("O]ORZBV7EX"T:[Q21'&3I8:$WOO:P4 . M _+[1(FU0_9/)=(C/YE2+1@)Z&#OLN^J\/WN>I M/OG"I_^I"J.+\^2B<=$H/ARP/ Z+ W^G/_SZ >N)(!SR2+X^>-4X>--I^FWR MC[+5"S?:2!,NRG3 SER8]03GX^'0EUF?CJ3%PI6HD[GT7$1W=*Z])-RX/+J[Y MN%0:=7>D\4BL*8EN;=-R:,_*H?UH WRZ?V>[;;#10KM=O^&, M5)YGH:U5Y/!)KQ/\.9'R8YH,E]-9?O@11+GJR$^&29J%?^LG/HW?B[Y(4]'[ MC8>QW*AM=XZF;=]8"_?\U%/%!P/1RR-QVE]^X[O?"O&5#\74+MYQ&?P11E$H M/\34!0OE/:3JK.&]*/[[*?Y"1V1"^_]W(45*5]YDH-3PNYVY1WK\]AMM[IIH M>=5JU6I/;^]CK3N1%Z?]"[^^LOB._%JK.6W/)NZ^NC#:K=;J-_^6)H$0/6VK M9R+(4[+6]V*4R'"S<4VC.=-Q/7#3F:9]%T'$I0S[85#$#-^H7PYNBW]/!@[K MM/)-.?29#&.>,0QZSO#MOD+K,.X1'([]SMK)CP;IO/=F^D=/;(!OQ;L4HB8#7E/L"QA29XJ#)1QN^BQ_CC?0#5*?3J2HKH?]IO_F42Y.]%M1-.14 SPU1!3T(%SF-.0[C;\F M<:J"8=79O.4RE/,9<@L#W9G3BJDOB3K%V6)NVKVCNG7YRW9*B6N>PO=>2 MHD'QIJ1/SS:=B'O6A.G\%9-KD?:CY.9X$/8H )F)%IXQF;J3JKK:86>OKT:8 MI)D-UPQ M%L3[='AT5Y?J7)8M+!:B-8^T;8A6E@M1 O1(D* U4*T$"V *N% M:"%: %6"]%"M,@AP&HA6H@6$8(1HH750K3VB19 @-5"M! M@ "KA6@A6@!A M(Z(M/C]OU;J]EY@N61N&YUFRZ=5YGK11R+V;B[I73[HI->QEIZW)ACCUQAYV MQ'GVMEN[$?23/ Y1[9/J=XZ6"J1)Y-_U9O)DP_Z7<4X$N&^M(^-I>"*\VY MDEXC=:K"X@V>M1P&(0)"!-/4L%^L^3ZXMF^NZ7?8ISHHI4Q5^2=0R*M//'Z;KJ(E\!O[1.U3X=P4:?5N^"B=;BH?3J$ MBSJMW@47;)TGJW9ATU"UL_E( M;:''!B+JZ=U5)8\J\OKXEG2U =A!E-LU^Y^V8.#[7FSG?JVL(I92<^75&_/= MC_[REP.ZX4W*1Z\/BO\>C&4WLT-D/TIX=JP> O*AM>H'<'L01 0Q- E MOS>F%4;\8+7BG[L%5NDG<2]WW@8%[LZ M?1%?7J8Y)D M<9()=B:"+$SB5Z_HIU]__G&91F_^/U!+ P04 " #V::I(@)B&"[L* 1 M9@ $0 '=L9F,M,C Q-C S,S$N>'-D[5Q?<]NX$7_O3+\#JI>F#_IK.XXU M26YD.[Y3QXX]MGM-GVX@$I+0D( "@+9UG[X+D)1(D01)2;Z3IWQ)9&)WN8L? ML-A= /SXTXOOH2NGSW_]R\>_M=O? MSN^OD]WE'WVW6"4I!I(>EQ%UIC MPLS+TT)U\P2Z-";'2@DZ"12YXL*_)%,<>&!OP'X$V#-]%A-*ZN3W S3H3NBG M.^'9FSKI/@"Z@DSU"(>83PA_>-?]V-K+YKW/8!HTS\7G$GN45>_ M_1Q[&I2'.2%*MA %K2O0K72)M7')E#)J- ?4>^ LT4H,_$Y*0I$H%,KZV-T4 ML"D[ &][RSZ;WPM!)(@T?:1]4<0=D=@X'>PY@;<%XUJS8K[H:8S)ZT"U>BAO MIV-8VWQBP2N'V [:P [:6A[B4Q1*;*#;!KH+[D-7S F3](G4PC&/TP[J41U0 M4^(;B'>!&,OYE<>?;0XUG]X.YTDM.$$H,E(;$'- O*32\;@,!,PD'36;?KLD M"E,O@LU*80/J&.;= ,!9"X _$C+0NTC*/QIDK,A\Y8K(.[S$$X\40)-'8L?F MN-??Q,8(09&4!IV*Z-PNB "EV>R!S&RSIY#.CM.'+$XK22@6U8!E!RLJ<<3_ MCYC[A2FJEF-(*(1OK(C@JD)I7YUZ9WIUB@4D?V+FHE :2HAK$-LJ2;O# IKG M1%$PK&K&EF8J2]].JJ=OZ%U*=#,-MPH8'^;0B7/NN43(+S\"F"@5(\<<1CNX MQW5"R*3TOZ-0?@/P?@"N.HWK2"F#WCJORZ%OYGJM^.@A\'TLE@ ;G3$ZA2Z# M9=4Q950(8>Z@XQU*,M%212X;U'UPX9G8*9)KL%U+1FO1*);=P&J%]08S/#,3 MY8M4%$*9+(9Y)'; !EG UD+02DH#3=5,WI+"ET!QE(4BP=P@4#ECMZ7J)1B4 MY>@-"O:51W'GN]FEUC5=PJ2QX [B]NQR8R&U8W22L\9H8='V>%(<,O(:T$J< MERZX/^*7['J2;+*#\C[/>6EF9+@;"*P07&$J?L5>0&ZG5Y1!EDNQ-V92B2!W M32DCMT-UFH5*"T1&H@[35C)10FB#8+V:9&DQL@2E2E7(!I221&@BR8] A\-/ M>9ADVNV0G.4E-[$$%(IH$-E#:KI;BEHI586\)[M55CU51>_B7TTQ8A^(/^K@ M>DN\(UX;VI!:]8YV03M\1X-UY30X'] L@1VUHRQJJ>WL!I:ZN7$^+CD4=F". ML\!L[&4WT.R8,!>XQ%(&.W G.7[0FCPW2&Z9 .3C5T1F1^U#%K6\(PD-4ON+ M2 K.E-1CMA\TV6FSI#F LKN++<*XG,,.;.T*90/F[F#>0U@HJ&-VKH%HY"CZ M1-6R/L8E@LJ@SV:5=NC;:/U")#4MPM$KFV%1OX1=>)(V0V$'LJ2@W4"SG])V M 5P5N>P0;E?H;I#=KKI:&##E4MF1JU!I_;^"2?^C;ZK>DRDREV:'^D;GIY:D M_D+O=X?/YN9BK+YMVHYO+_X&YG9>?"\FT?(M5S@-PIL]%+TX%H&%DY&2N=0+ M0C@D* H"U6ZL? MU]V868%'7K WX#M$J&"AUK4J/K4,TRL.3ND8!"_%>QYZ/ MWFK_FCI%FY]$_VFOF#KPU5M6N0$"FNMI;3[@_:_?=;*I)_U;R*+DG.KR'C/M793I5]Z;%Q.[Z*$H9% M_[6ZO:[5.-)JU!DF^7?N*RH0,^@WGZ3>6?@^ZQUUV\3(9>P23\GX27LM*M3% M7'FO\O6"1$=%]_2-YNNK)WE73D83" @A#PO#&>W1?JM&'KI%\ZV$H4[KV&RL MB*_7=.@!B&& ,= +&)""B0MA",AGUH0BP(Y@_A+5_3BOT-:\&V4NX_F M-6X@HJLTA4;J$]0+_?X)\Y+HFF,'>':;NF%W@ M!578@Y3[G# (==0M@ZQ@]6D-^+W@TG#$MQ22 V#_H@]D]%28]V.FORXDR24) M_Q\S^V2I2'\8GJ&"_3 Y]$5TC?5EH-WPXYS<&1$YKKT*\:$Y=CVQW,#3%9*X M6#*2DB@)Z]// -TUA[_D#6 )"32DFE\Y$\0)A-;\'$L:[CP]DA=U[G'G>Z(W M]BXY[+KP(T5#%3_?]["IV7^[V);HK-W$;#&H7#6<0[MP@@D9O][PVM(NR-J, M5G+W+DJ(.K2Y]V]3&;NA2@84S-%5?$']"1*(S MZK.F9H_+?>B[/]=Z6"K@#_I$1L]8N'H7 Q;[TXRE=K*#LRH$)@)"#T18^W\W M3(\"HHCQN #*"AP'9^N%AZ6$A&HP>B3"-R=W,M99: [.GI$#J9DN[H$C47,B M4)T9W@#B&NO!+@('X/#H!DQG"U5D.;D0_+"#AN,-"29V1%UIH)SLXJ\Q* M('\E4A]EN6575$@U8HSJ[Z?",,N85Y'^P.T$;:]X(/Y#L,BZV7+2@[/.N S( MD,E$#3J#$TB4]$(?ZYT=HY7(#\Y*2 B=Y JOG0F)PK6BX*X&SR[V;F%?IKYT M3YX("XA9 K#.]=:N)*XUV4G^I+K3JBA2L_"4Z8#,Q'N<"T)2,Z]@,N<0YG;& M=N!:^V)7H]='CH/C="^4$;T5 MW[A.^?2*%WYYZ(:H.7<3=XZ^O#A>H#_N/_*YB-/]6W9)ID3 ,-"%K=5\V:? MM[[:YEL?'G>GOQ,W<;VCN+.D-N>=L^/',DX%S49"R0?569F%R MX-^RJ+AF-J6C3?OB]C>^]D0.(#0MW'U:H9O;9+$W5O8P,$VI#V$E=0/LF1V! M*!G,M;. ,'\@PRA>A"1_O,GA";+P>,OG_P%02P,$% @ ]FFJ2!EC\%\< M#@ JM( !4 !W;&9C+3(P,38P,S,Q7V-A;"YX;6SM75MS(C<6?M^J_0^] MY&7W 0.V\=BNF:3P;>(M>^S%GFSV*25W"U#22$12VSB_?J6^8"ZM;O4%6@V\ M9&*0#CKG^W0Y1T?2YY^F8]=ZA90A@K\T.@?MA@6Q31R$AU\:'FL"9B/4^.G' MO__M\S^:S5\O^G>60VQO##&W; H!AX[UAOC(NH>4(M>U+BARAM"R3@XZ!YU/ MGP[:5K,9UKX 3)0FV/+%'!YT9M]ZK4Z[==CNG%B=P_/VZ7G[D_5X M/RMY+YHV0.E%783_.)?_>1$_:@DE,3N?,O2E,>)\J>-2*?B,J/ETI'_Y,Y^SLK.5_ M.RLJ!*$$T7,M8>B<^1?S:A84W[4[!PVCSH'4^8TA/4L MZS,E+NS#@>4W^)R_3^"7!D/CB2M;XW\VHG#PI?'F#NRFA*!]%-3_X8D+*"4_ M+@EFQ$6.1/8"N%*3IQ&$G#4L*?U[_W;13((]B+E0-.G )N.6+-/2$>8;4PNA MUEITFWW('@:WHN^,85$%XR2:I.4E&4\H'$',T"LL7^58\4;I#]CHQB5OA9FL M$+I!7:\0LUW"/"H,_0H9]QMS!3E ;A;MDL54HL\WPB%[!._@Q85%%(J54XE& M#Q-(Q>"/AT]P6!@GM;#,NMG M3W7GY;NQ'>A/O+W2AK@YVP&IQQB!SJS3Q&7 M/R.F\+98:5@S<>+_YR5:H4@K\Z3AJRB4=(F]T!!73L2$+J(7BO-%#0![\>6) M5=00@(EH M'G;D/]=_>N@5N)(X/7X)*'T75/H%N!Y4M%NK[F\G1]VST^-/IZ>GW=..Z 6G M)W.:SO&L1Q>5!M2.?E?\[PKU%K$-2[28-Q[[TII(D":J/Z!DO&KN\,=(&0H1 MZD J%ML-RV.BG60BVP##F3W1 ZFP'NY)#\#7(%OEG%U GO M4G0+\3\J#__558#\Y#=)Q(F%66:X.J&1K?&CV8].Z7<^V MB2?&BCZTH1@W!)/4?2NV;!V@RJY "%?7-+CF'!8%2',EZ@1-6K-#0$Y, R0: MDQ_%BIV+*7@V(*1/47%5Z@199CU"##^9AN$MY@ /D1@. F5%^Z^GMNO)N/)7 M0ASI"RI[6WK5.F&:6Y\0VU/3L'W@(T@3?=2Y$G5"*JW9(2!GI@'20U3(A'WH MRE"''/:Q^*5W\;%-P8 _ JJ.)FA4K1.$N?6)?/)V$K@3B@A%_-WW]:I ^@Z! M%^0BCB 3L\,3)_8?(^**EC,Y4_!W!J8I9&ID*%KE MAV%PH:_XA'K0F5/HTJ,4^JN6;P3;P1\I7D]6<4:3(+9Q:H>I%-U-YA]*)P,#_H[!$P=HE(5WP8\,^EF:MA1VYM:+6@TAMK.B:9>IJY++LEX M3+"O1&(>PE(Q\[#3Q&$50"W53'49>HZ#@J8\ B16R9=@@CA0!8D5I;<(S"P: MFMHE^S*E#$/G&E",\) )3]<;>WYH3DP9R$:JR3*]XA8AG5/9\GV.TF)%4?/] M@'I,-N\=87)Y\# 0;K Z1)1%RA;1H0S-=7R@F&#VY]92*N>:\CMC\]OG0%$F M>1XF)WE^R+7(P,J<.5Y!9Q$H?D"JZ H+923MV3C]5M<,; M->E&\%[ P!'VQ/ 5IDP)6"[@@% XBW=!=CWE% AJ(@SH^ZU BLGPIJ@IF"+: M-[P5_CV%3#4IK/$7S1L^TD&/VVG>K(%,74K.LO92NU9,2?.HL&E88S;&-$<;FA2_]"K$8JUQ)16>,,&)S9=E6WEHZN,B3#IOT'V@*^GTJ?S$!O),>-AD'!&(+7>5L"<3\MZ MN*^+^Y)!CLL]Y"/BZ%RIH%'7' :8LQ6;WW"F)@G.;!4.A1?"HQ@H,P,5I<-% WE'9 M8S]#1_CT0LE'&687.'%.T8O'Y=GT9_(($D[QK^&7S*-3;G[H4ZUL>Z4.149X M#Q]:WV+&J?^B (LVV/O0)D.,_I+'Y55FNQX,H"WKA_9).GI9_D]M-5,W9K!: M; E&?9&.'MHB(,+.^SW9PHP W:X=>G_%;+ ^=T+G+/ 0MU*?;>X% AU/K9O)4Q/"K:SO&U3CW,BF/E+RBH32%^_?F21A M7*Q'[?KH2ZC(?XMKX"PGIR=[57 146&M-86:-SSEX,&2QUBV.4QU,;<@'+ & MM+8IB+#EB6H;03]G6IO92^,=3*W8"%D*)V(8=RO DV@S]!\ E.MNL>A.&CWB M"^\H%S(8P]3#!?.#G=SV#FZ+2AX>$NOL*!6RV\34@PR^G>2;H\+=OB, ^R=F MQ+3H>^9!OH1ZVDBKN:/LR&L94R]DVY]0VQ1SRCO7IGZ(HEDAB[8\/VWC7,F= MT:9^RV)Q3^K(X(PV?R_E"DD38T>LQJ_DF0>Y,9<0'"LN>$?9MB;#I;[D4=5H M)?2EE5WI,EJW$BNN@D\%9-E^@=)?7K'8EU]N30M$G$"77T MUAQ.Z+QCDWGV21*V9U%18T7T,BX^O*KCXCO,)85-$_'$O/BNVK-/ MOC\RM=Z>(AGL$O'#N,>*%38+HHPGK")/S]T07^@]&I4Y"V@#UA\A@H-06SM##*8E#GAM 8.\1%473J[1CV MQ>RRYKOORE^XQJ=1J!(H^E#,HEB>#DQZD+$T^3M&OL7:T*((KLEC M5 ;#;.R"]H4 PN(3\W$+H83B.P9P+G/4(43WP5+_%!7[CAW_W0\QG:)7N7,> M?[A*+O43SI^4(G['*+81\QD[%84^97B8\YD\@^E_$1_)YX&%$86OD>EX9%YQ MNTJY,LVU!O^^I/<*IC9D\KJP\-)0?QB/U2O&N@JB%9*YHVPKWV;UB"^$G4ST MICZ<>-0>"77]:V#'!/MOH:<,9NJ*.TJDG(9)=?6K&J"$$J%&6EZ8JOB.LB&3 M.3(1?66N>V;X3#Z A&MLGMN-U9 MGMQ\858HK2[3FUQ^?%S=>@DH]2^N'LO#*8JNDU1%(M]M'YZ==3N'1V?MDV[W MK)H18WYY=0^X#(2*M=O\ NR1(D'?"7#[< R0C%H]#&X$GL#]'P14H7M1L>:- M'9G17!TIUF(44Y,!,RA[BZ5VSV^D.)EFHG:=0,F&,'4[([N"XM=52Y=\PO;$ M23:%J=L.F56\(5X)L]>'K#UQ$BUAZG6-V35$KZ6-.%+6GC>)EC#U4L<,&O8& M'-+RJ+,@;M?9DVX,_1L?U^I"SPXN/L%ACB#QZ:H?/9-H12+KXDPO/P.MZ!.K MQ?;WP9?>7558E'"=^_J3X,*H[010^ AHH$=T8B$NCJY7J5X@%= I6ZBQHGLJ MOT(LQCE7\LX9(RRSP8%,F4I^1CVE5KT@+J*4CK_V@7%9'7/I ?&X;JCSQKBQ MB&AKH./V%#!_J8^^,?ZA[6QQH>A?257J!65NC7*F*L6M,C^W AN':[(?_P]0 M2P,$% @ ]FFJ2 H#A3[S&0 W8T! !4 !W;&9C+3(P,38P,S,Q7V1E M9BYX;6SM74MSXSB2OF_$_@>MY["S!S_+KG)5=,V$_.KVA%QRR.[:F5,'1$(6 MIBE0#9"RW;]^ )"B2)$ 09$44RY?JF0)C\S\$L@$D$C\]/>7F==;8,:)3[_N M'1\<[?4P=7R7T*>O>R'?1]PA9._O?_OO__KI?_;W_WDQ&O1'QT>')T_+%W?/+EZ/S+T:?>_5U2\DZ0-B'E13U"?_\B_QF+ M3GN"2#!F>(9VB>4!X@Z M>"^N)1O)5'L9,V]9\Z>$'2O M]Q/S/3S"DY[B[4OP.L=?]SB9S3U)N/INRO#DZ]ZS-W'V)5I''Z+Z?WD(!.I2 ME2Y]RGV/N%()+I GF7Z88ASP>\3$SU,<$ =Y>SW9U:^CVZQXA=81[F%!WX'C MSPYEF*87G]1TB"U[JZO"'<\ MGX<,/X2S&6*O@B+R1,6@=A -^H[CAS00L\^]H-TAF%_A !&/5Y# QCUT(H5; MNL \4-C48;6HF4[X^>8'6 RN5S3VE53^S,\&V/6)+'9=AN@="J(8DXXQON)(!JDM[#U M9O4!3U#H!>THQ++MF&+Q-Z%$VIB!:#=N7=+3QJ(BQ0Y^"3!UL9M\2P+9IUA[ M'IWU]GM)V^)SNOE>W'XOZJ#WUTP7_U=A8E'L2\A\)T.8)Y>)/BL4M&IJ@OA8 MM1?R_2>$YG+%?7:(O8 OOY'SZMG^T7&\+OQ+_/5O"5./THM;]N"A,?;4YD)A MH<.-">78.7CR%XNS\32[.O>\;*U"?-G>G'%)/@:PD,NR/#GDF#D;4.X M4>=7F1D^)=GLSRV)-6\.BF5J4(:E0+/T0I;F;Q\_G'T^/_UT?GY^=GXL')WS MC]L0\')Z;43"A3PT)O3-)[+OB!$YW&YI@)E8E40TWS,BMQ[W+ M^ IK$UW51MK"+NM^Z'$KTCT)VJ;\ , QF3R%[<>WXN/ZY&\JV!(>RKVVG/-S M9*?Q6+<,:_*.7*0OCB_@>@FN/554N%G1"FSUNUC'8/?KGEAUUC+&FX-TSWQA M%8-7L93Z-W:"1W_(^@NQBI)3 MA<'=M*V\59 _U '9EB-P,!;KF_CL825NZO9G/@O(G]&68*S+ M*CJ?&D5GR0)X9(9A(&-#9)B.+3R9*EO%Z+Q1C#)\- =4_GQ(?I.VJ,-@BID\ MI&1X*G<_%F+EZ_@S// Y?T0O:SA4KKU52#YO DEEEL -(\2GNN&B?MKNELM1 MK7&A"(8FX3OD3 75[#7M3?[,A$)HY&ZJL%TT:NV]F-B AI$:MGW.<: #)5-B MNRC4VN[(T U-[ .?/CUB-KO"8]V2-5MDNX*OM061);Q<\C\=9H]AVSF:+8UZ M3$E2>SQ[>G1D.IY=]='S)[UT+__;JQQ=^?:/:!L@-)*J=#M\*N5><(1K66<7 M#G4M60$POZT15GAF65*VX^/@2JJ6!D?#SEL !>2I?*!>6Z M/#JV4CW-"A_047'?=4G4_STB[BV]1',2(,^(1$D=".>&UJB4\ (!H?*="#-: M]O4A' ;:(V?/%P 41S)"FF+W&C%*Z!,W0J8K#.&$SAH?'1, P'B/C]F!^!@Q MA)E<_5[AZ/_;R'9F%K\*1H>3_)EK MFQU!<#$;4)$V1 --SY101G@>,F-JYG270(WL MT0:H+BM"\)FLM=86R"5S()&,G(<(A8)8"&)'-,0@%#%N)I@$^M59G18AQ+EV,H&D9+ C*F)2 M]@UUQ++)W9Q,L!L01P< MB6&$'?\I MJTUFB_6P@AW@U,3^T+JOT8<@L6Q$(ZNC(=B'4WX7^$8C$N\UR* MSW.?JQK+*+9UCZ>E/B#$H]?0GY:DTD%LX^;Y#%-0:>(;3X^.CXY[^[U5'S+8 M,>I&!32N.NJM>NHMN^K]->ZLM40TFB&5I$J+HGW[--FVPOQ.B$\PX@[I-Y\R M[(1,&BEADP@O"G)LH+TN[%9"\<5K3*!4\QNFDH\Y18EM*M7L/C:R,9S3UL2* M=P!>24)G$97&*#ZKFD "+2OH<"&()A;?.HB9J,63LT\?ST_A!&:V!VPAVT"Q MYNEYR1C79%T;PG*R@EJ7@5O((R0T+UZ3C[\0S(2\IJ\#O,">G7TU5N[ Q)YL MU\0:V8<$(0*&8GE3$[Z00S31!>*YB=-()9LSLN TT@>4-M;C_F MO%%A)!N5]9RP[4>R:Y0D27WP"_;<&Y\]H.+MMN)R70[,=F MYA/:$=@JXD_2 MQX>3A'WUX78V%W)1E^NGB#UI ZVJ-]-EV&WC@&\N!FCZ<,]\-W2B(S1UC6Q% M,Q\RLQ)8UNTRFK8UY"UYAP;WKQ1%.2%ETLAQ($_V93;1ZQ=YDJH[ORZKU&6@ M;&L ES'=Z>%@X0M@-B> 'XY.UD\ 4VVU?\374.2/,\5NZ.'A)#H6OL/!U'=3 MC!@3G%A6[B2DJ82V_+<8?T,S;,J+4JO)[H\&-\,\$\-42P( )FT=@189/O25 M@&Q.-J'Q^:P?>K;?)IR@=R&W"W'SFY&:]>__*Q-]1P(>$N%QR&@T1%^OZ9/P M*A["^5PX#P,RDX&0A=M7&[8!81/23H&3A7%U)MN ZQ)Q)Z(DZED]@Q#34HI3 MAHNZW%M@RJ)'#X3#'C4S*_ M%ZZF^!L]Z58$%>I#&-WUE*$"L] &N^1K.+D4BWD2W""'>)(1]$)FX>S"9\Q_ M%@O[2S07OVB3:%1K D*J@'IH5^,7&N#WZ'49S^T(YEGR_-@M_8;*LVM^D8@7#EL8\K5B3O4\2[5[@W#WL)XB MM28::!JGCE?O$!6K0W41 &-^K%&7XJ(PWMRI!78Q8]"0R@:F#">9UQ_+7M.T MK0SCS9Y::-JRVOZ]\66P@:0HNKU>Y&T5%H/Q:L_FGE8A4]N5^ ASXH;(6[ZM MZ>1'AVTE&$_Y-(1&,8O09KO(W"8)@_MCX;<)(ZN9WK2EMXM<*QM!6MZ@05;, M7)2-0"K?#:&(.@1YMU2X0[,XR<<"4VV6E5HM0CA6+='B\J6+):]O014N?1X, M)RKHMD%UR+0*X:BG997(\/L6U,(F'70#[4(X%VI9-8"GET[X'DX2ZN_C##XE MYM^NZG8-0BM'"G:,0D-V$V4U/G!:IT$(;D$55:\[ZJ&^I[H)+P."QO*\FS3J M(F1:A> B;%,],LR_!1TQ/KA2IT$('L(V-^MY!A ME=F@2_-3E\8Z$%8A9F7,/GEI9*:-HYP'>:T7N]D.KT+\CY!B4?JS_F*';4T( M$%AI5G*,8\L9-#<^:T0-WD!1P>[3[%7T!8J8 ="Z>5$?7$@WH!>J?1@ +LU MVA DH#V">C!M[>;GI82"A"VZJQE7<)+ZZ$QL>\@Z3TY.#F+XSYN_)#]"R-6ZDV5 MU(.P-V8-A1U+C=D'CIV#)W]QZ&(B3<.I_" !.DU9!/'5;P/\A+QK&@@M*'"1 M"DMTX!M9"3_G&Q52OW4)1YT7VMC\SQV[.0:-6 HT2V][^1#B>Q)RU)#E!99' M%O+@]K8L#8)%U2XMIDXIUO(<6' !P)L<(?IDVFI-_=[!O*$)C;-<4Z5HAR)I M\^Y/N@20!5-./W("AJ;,MB(&O0"R%3O4S<\[(;Q9.#-BL58&PB*H0('2@E^C M&(*M3E6]JC.COP\D$,^Q*N@>W%\.1T8)8UH5@4?3*N!:J9,,0 M -BR\_*@)$NFMG1W*3%+&- ?&.]XLLLL,^H=@X'L&&P M,<@FQJ!%/ U^Q+26%9"MQMPNH+NDMK] Q).:*9^+FF.'3(AS'[*YF&-43J'' M*:+BIT>&7"R^=Z:(:R\SM= /A+R8-?6DI@2@*5-6&LLDGW)>4Y=]W-)4QU4: M@)!4]3C?(=5 MY)9*%AZ?_?IJD6H*@B??LBJDN-U]^$7O.ON]:6,07/[MJ$#$[\XK@8PP;4H' MHK8@>/-;48&(W=W7 +)H;!:(VH+@T&]' Q2[.ZP!_8E8O32G!&O-05@4M*P' M:QQ#4X7LDN@2,?8:)?T/M4EYS54@Y-K?>*V^S@Q(M.+W?V7*/.,I2;88VK_AL^%D^/Y)J>U\UWDNWWE/-[TK" MI%6&Q8+0(G M&5/CR&9&?H9I"/-R3) Q3FJ]$) 0M2(E*Q(VH-"T#<0-.B2M&@1;2[1P2^6) MG5C!J=$HB1 &XY/^'JFY/(03D6+%23\29V @.)'TZ+Y&LQ:&3@Y>5HU"6M< M \!J+AKL+5F].+)D9HCE_ M9E>CX3<6[+=0CIE8T;A@$/$)4/S4=#KB7=*^@'0A023,TK M$!;4PZ,U_[/O!&0A\Z)5/%,ZJ7BFM-];==SCLFP/Q5V_GS>]GS>]GS>!/@ ! MLY^WU?.F]Y.-]Y.-]Y.-]WUID#/ACWNR\;[A_$8VG+\+RF3HL"$[5KH$G"3H MK4[9&9[AH&3.XI0M V2*+-"O D$#FMDJBSIS)GAZ_.'C^0F<4](JXB]DI WG M78T]'O<]I#>$\:!/J7!N&4>L^*FW*A4A6)9"-4J\>4M&VA>^Z/#QV3>_2E)6 M \)!3!5QYSEH_4&8/ 'RFJTDP?#RD44E".<0546?8V+[TE\^/U-%^+DZ$';B M*\H^QP, >_L>\? >\; 3^A8]T;ZZVL23Q%?Q =0W7SWVCMV1[WDW/I.5FM;- M#8F 8**!G1IN*,DWVQ9X>V/S]^*KO\LF@A:BR2J MW/U.3]<[H.GK\OYQ%/V[$GQGBK[>/83UZUM6]'5Y_SB*'L(')H&G\]FWO^*\8/F"V(@XMED4@RVL%Y] /DI7^7J66^^<&_<##"CO]$ M98QWQ+"00/R5+*=+8K]M(G9ZFCW+M1 M\G*A0M-W1?&X7,#CRK:K__3$\!,*\"T-&*&<.-^1%^)$K";_I2."(.3#;'%7 ML2.I@E3Y322L_HE/GR)SIO-'FNT"0GI.8)O=A7+J]';,#2),:;[,/4\1=8A, M/IL,FVI783[ETZO)]GNJ@YX_Z25=]%)][,J=ET14?$_(O7Y.,O!#,Q;J>O M [S GB&XT;8RG'LRC6M#>H*Q%0< LY30%_.LAG2>:&,<7\4V@(145E/X0GCM M^(6$\BV=AP%7W'TP1IL;:T X0MQ(<0M1+.(0$F8U9JBRX)Z&^^@NSJ<5815J M2WU[L:LA/]_\ '/A#JOWZY;B6'F+&A4KK07AE+9U]2F50J>KB*%PGY!7S[*,B$5VQ=1/L)SGTE6;NG$9S.U5A0+Q.A'RTOP]BUU M,; O?I#U?S]J&;0RQE!X_I(6QK"VJA,$=,P:1D! (EZ/3=VA*\],B-4 M<60$IJ0.!&^S"CPE[ 23UKK';-0RY<8,Z7BF1P(DKJ@,QH4<>7*.$7 HH1 M0>8D%-DR0)P'*_W+@)%E8Q>%#]I%J ?(UJY/#\1J.%K*C[ G7V:/+:&8G&." M]-<:[>M"< <*U2NYWFC/2QLH/,P1P_>(!?P!>;A<\N;R$*R[6=IF^N',145V MKFPWV:YJAY=!*["FN>YI[P3LZB[O""\P#3%??P$UEXUHO1B@L5<9X3PWT,*' MDF6:G*YE4F#'G^'$TJHO8R;*%JP6#4 P6CH]+%R[6O $#= [(8H RWB:$N"* M"D(8:S8 %='>>IZ*N"?Y'*:TL6+63FQND4=A+ XAY-XDZ'(.H.G]SX+Q@<_Y MD$:TJE'J1N=NWW"P-J0U8Z)J(Q""RFW&2U6^H(&KPG2C:5AGAM(E($0^6]F9 M--'09+YDH,11@Q'0:R/M%<701)V,O^L7&39<, M.R0*\*9N?R8Y_5/]J<',6 ."8URJA&FHC-RT[HG)RTII;T10(&]VS*76J>V/ M(G_,HA($]]<*!EN&H V;GS$5W'E28]R9D+#D3&9-CWG5>65EM2!,>I6&3RE' MK0^AZ,H%ECHD/<"B 9,K L';M1\>.?*A#0;E_4GRY,"-N$FX,WFYVBH0W-Y* MP\#,#C2\E":M*-4'LJT7@^ @5\(ESP(T+%3X N:!V7#D2FT5B4\-()'C !H0 M"3?1,E9N,I0M6M(E(9B4VLN5-$/0\(GV>#20+'^$8#@V16')0[>/R85CCO\( M92S50I[15@IS_YP/U8.QBCVPJ*=G$RO46)^)$E;&E"@N@&% MS/FSCA4 \U8!;>8P)GUY*/%D9C4K 0925%F6.F/4K*8LA/VN4@TS( (HKN8[ M8D0.\!$*3--6OAB@8%C+^2K/ S#YFU^E*2@(9&K2Z9!.^( FHX%/79^J9=(8 MT=^'DXE8+[F2R,'MQ7!DG)PLZT*8K/1:EL;(DB$8L#T)*F=7>%SF7L5Q P B-:&?&Y_PNP$#T#$+)>P8%J.['8@LF1U.%G3+?1"9N'L MPF?,?Y::A^;BE^!5-PE6:@+"J7(5N*MQ!VW#LXCZ);7]!2*>2I7ALX&7*Q^-Z9&D(%6^@'PC%V746I*0)HVB2MU2HGH^"$G4L /^V! 5 =VQF8RTR,#$V,#,S,5]L86(N>&UL[7U[<^0X MVSST1U<]Y>>;6=JC5ZEWYU"U9TLQZ8^)B R)1*NZRR%J2I9;V MTQ\2X .L(DB0!(FDQN'PK+H*R%O]NE+FGI!\-6__]O__!^_^U\O7_[7^^L+XL?>?LNBC'@)HQGS MR9<@VY!/+$F","3OD\"_9X1\_^KMJ[<__/#J#7GY,N_]GJ:\=1P10>;=J[?E M-ZO/V>O'WWTYM_^>G-#^3J4]GR$Q=M'70W#8/HKS_! M?^XX4\*5C-*?'M/@7[_:9-GNI]>OOWSY\NK+-Z_BY)X3>//V]7]]NKCQ-FQ+ M7P91FM'(8U_EO8!(K=OC71(6';]Y7? HFC\>M<_9O/WQQQ]?BV_+IIR0GY5M M5;K?O99?\J9I\%,J)+N(/9J)GZE3&*)M ?]Z631["1^]?/ONY3=O7SVF_E?< M<(3\+HE#=LW61,CZ4_:T8__Z51IL=R'H*#[;)&S=+$68)*^A_^N(W<,O"AQ^ M! YOOP<._Y!_?$'O6/@5@98_7Y]K%?JQ1BOO)&QG](.\GDV?6^Y ;)!2:L_> MFLE!#ITO^%\U!=ECQB*?^86*P+.%M!!)C$U!&6C'7HU@"*,O3NHF^Q*NO9?@ M@&^^D4/H'^"3/W_($>(D\L^B+,B>SJ-UG&S%Z#VY2[.$>EE!2(@O*9GVZVDF M4 :8G"1UC6CB%4+P/SL,E+=X[<4<&G;9RS#_R43W=1)O^ZD@Q8A[=/IS>#=@ MB!2ZUQ1/6!KO$X_U&ANJOGU_LU)VWA/F%1:]_/FFAS+_5C A-/*)9$,4/K^3 MXO4:NBKHKFEZ)]CR">^>TAW,*=^]9F&6%I_ (/_NY9NW.5+^0_[QGV\R[L0@ MV2V]J_ DMX^V$=(!W*X4C-;F%@B'9H>@0\=A28[\*@C^/P0CCT,_.^=_IETF M4!LN900>*=PCI+,X#]\?_RYZTJA^W0S_X-*K51]]!(]3#3R?K MR/&7DR6"+N&$YQJ!18A]R\DV*'WP->+QUJ1(,K1\$^, M)GI0:VF*>)1U*5@,.%T[I&.O4]RAPS G3"1E J1G![D\#)627+-=G&1!= ^+ MYOWA5I!!<\2#TT31@W5$8UND@]1(Y+&KBGR\EN2)I#_O6/T8A"PYY2YR'R?Z MQ>UA*_0CLU&M^H"L-4$]#ILE'3G\!%%24)T9(./M-HYNLMC[Z\V&79&.XB$&:#QC;^F' M<(P/$G_P;D 1#_]S]K=]\$!##B7I M279*D^2)!_Z_T'"OR_HS[8O9+6*/Q1&*T(S M4O B@MDD+KTK3O[:W'IF6WCP!ZL8@2D8_SQ>$RGNA);@$4.2(;?%';L/H@C& MQ;06Z81[Q[9P-S%<,S[#!1X/^)I-H+&703?DTX&IXNI,T-4'\21@+/K0L5TQ M(-JIP(UOSZDZ.+8[9[Y*8@ZBV=/-_NXOS,MNX\ODY($&(63X?XR32_XEA4.S M"\;E_LQTBZD!9) [^U##J,[?EP9B,!BLRE /*1B2G"/)8A(GI&1*UOQ?)5LB M^*X(YSP)8CRPY"YNQXS9+01XM!/;C1L6^L(><6F/4-HC9"F/FCQOO]V'8HO& M9[N$>8&X.@81U#]^\^[-ZOLW/PKP_<=OWGZ_^NZ;=Q!G?>*^LB'?O%T1<>(?>PE=9UY5&';%#@<]#%!#!X-^F,&BC_B#L4,R M(3D74K)9D8(1$9Q6Y/=)G#K:QYC%%#<[FC"R UHD*%BXX!77 E1RZ8(W;OW^S1=D/N4B<)- M^WA-[1%[G9'88_?G5D20E]6)"@8H-N(F5IN5"]S_3;>[_T/6^R0*T@T/M%.3 M?;=O5S^^>2=CZ[<\SGZSN/#Z/,JX"0.^?I")+]RZ9X]>N(>D\-_'L?\E"/4( M:M05.8KT,4!]RN[NAQA5>HD_?%XLF!#)12 *>5%R(@6KKUT% ?-:@>96B(YQ M=3Z7O\PV+)'Z:LQ2;X'<@1O44?U4^1JQ.S9).7BK"&CE#N?&K>QK0QNUF3L7 M6;<^7XBGZ)T$O7]8&DQ3.D6."K? Q[D_7 3T+@B#+& IC\W%M<)- M'/H<&"!.SYXZLO9[=$?N4WT-H7J=:5_$?ME;A:'#7F%4+E*S)^>W!>;3__SD M_?G%^>WYV0TY^?R!W/SAY/KL#Y<7'\ZN;_Z9G/WGS^>W?\(!!^:>OT@G-_3G M9;GN%%Z*R34GT.\G]SD05_0)#GXY\/!/DCWS%?'R>BG\N\]\?,M_=!Q8#R"' MW&_'&JHIV:(O+<0(,%JET2D;.6\B<+B]-@F M\\'.![9F7%'_//+B+;NECXH]-*;LZ((W QA9PXX715 MUW::4#&/QH&@3C+ZZ-)K+^+H_I8EVP_L3AN3UYL@]\HFA6I1N/(]8J]K%'-P M7,J)O>3#?DN G*-XVZ9"G^.,E?.@JR-HJQK)?;NH3:\15RT^T2#*&)0'8=!#7]2<26>^M3&% MI12:I"#JX,;&U*HE&M5F+%K%^-J(C\)@I5/DP5G'.6&24RZ7"$NZ\\1HTG$=2VN50GZ*$[2 MNL\U\+M@QX[9,C;(;.X.3;Z[W96&8E,9N:8-]2K-61ZU9PK*DI-.^J69+#*Q M9,)4"I7T/Q>))"=9E@1W^TPLA+,8;OW! MCU(?:49H B\*49F"#N\%!;J8+? M6I/RN!ER9]4I5JLT>= &L6-J11U>>UA]FD#07)'S--VS:4H"&FS\3J5C"A3) MBW]\\^K-6[AJ2QZDMN_>K-Z\$?]/4ODT ]UGFS@)_L[\_T-^6'W[[IO5]]]] M*\Z#?UA]]^V_K+[Y\;NB:2!,);Z+JP<=AMU#.KJ&,6-2BR_W%VEX10/_/#JE MNX!'%YI?2-\:.1ITJ%G+.&ENBA@;NB0>O+-=TB5 F 01R4D[RA"92$^@]I(K MYTEZH"=[]. 2(E1)I8G+:J$9#?@R^8POEN%NY$EU*9(OS0,OT(791AV1^ZRY M\O6:H5V]$'MR#^&'%\^4+$C!@[Q0N)"3A-*"^W$=2L>KNSX MVH!%*8\*9)+,19S"?MOE^I8^ZE"Q-Q7D?C_0+ =9HWU(($:$H9J,2(8LL4#> M :QQ))(E>0%,OY;WBODDR3D[K/OES$"Q,)!7,U#(F94EP:I<-'+'(HY@F2Q? M\.X'6;S@W0_?#5LQ'&4#N-SR,]Y$P8\]>N7:M_80(TB+L#-LY;E[>F("O?,G MFJ8Y0C!\16)I:G6>C$R@D#P@21MV6E&<,#9>6>P^-])U0PZIIHKWN:*+&&Z- M1;=[)=?YJ>8TRAX==0J5<7EVK]KUM15M5=5*8U]+I)$CA$T##GY!0D,7,=)8 M56]L2;=^+TW4=YPJ<=SL.J$PI,F#%-J:>"^"B/AQ&-(D=7F65!3 YD;[$._O MLO4^/"[+K5O'FW9&#F;]C%#;M#+JB1B0>BHP> >F8".B00T8R>_.^0B:>5(_]D&R=9\'?QN;8::?=FX%CRV&'&LB$UN^>C M:&.&*MLJVMA.5B59D5(66:9!D69%#NH'K^H%A)W5;\!A4L,JP\B#*249ZHHF MEXEXD-X7>5%7+!%9A)H?PJPG3MX?9P/+-!I[/"*DT0ID2J+H^/(\L-YIP@(!0/#TI$Q2[K=?08SE.KU-7X^R' MS9?AY%JI[3BW)$\J^LX=>BJ%ON&30JZM U+ZO\?5/[U+LLS4D;%&[U5*7]DMRU26R[ M/JMP0.*X$^A<]]Y8K_*(0DJ&67S'6;#]>R-UUH%F**LQF7?%7J1I@":#TPOH M(V'K-9Q;P@.N':F=>3;G"TCQ_)K0@WRW.]X%EI*PW<3_'U+B8%++,X?824([,H<\7;D@41K(-2=.-;NZ17R'% MTR8%:D$._QQS,*.*-W@"YT3<#9U/U-L$$4N>U-U]47Y6HW-K!^3#K%M9=?#I M6R,>D@9"#R^?EY,^? G38;7B"=75GM3-^0 E3#AB;QT$Z:C:HF^-W"T[U*R_ M+-G8%+%#=DD\?-T7I7$8^")F*<37NC1B,!B@Q/BFSJ-V9;W>4[/*JGD613T=@*L>.V"&NG!KU#%YQ8M[P(_1B?TQS5Y-)^ MY(/OAH;L\T'N1%F MW&6"PWRY50D:9S&L2.E*H7 M]0_NYVO,T=X#.>88J%M_G%#;'#'NF$@]=,B:5ZCX'$>[)/;WGKNR7G,90FA/ M%>J$2<]V!5GH%!]QVG0:IYFZ(ZLF8\(&1..9DTDGI%#53^GR_*FS!_93*',% M!H?X&T;H_7TB]OF(Q_D='CO5^>G"5L!V,=/XO>80U\R'4] 8"#@>G M3P/>NL]:9#:?3*]EG;?S[8X&B4C,O4Q.-S2YU^ZJF/9% M"HF#3'!0![:[(^*(KI_\(\IFY5Q(SH8H?*!*4,[)69'6&8SPQR3(V$L__A(! M&DQ[U&(0R4;.(K[9#"%K];1 %L-*&!T_RI;+N2*JS%W)D M,U2[=NSL&IZPD(0^(J>+URYWM?1#[IK'H0\=TP:"LS)'SR)_W93%VNLX%] M(V#D,DEY>@N WCXGQKU;Y3"ETKKY488C<"H!2=5- M9R+'39!B49M"Y?GEP??83RMUXMJ:+)4'I/,O\@)QL+DCJ\BQ(O6+IFD,!_+, M)U^";"-ZRG 6SBI%0#OS4:5MZ^3TB" (:Q('1Y"V=3I:=,R;0#N)3C*)-NK2 M;,Y*SZD\+,Y]13-Q-#1#BJ5=BM6K.-?;(([:M**..<[/#_!SDF[RTZTK)EV, M:91RD*A>%4O5F*"Y)7+_:E&O,2V]:H;8R]JD'9^*7BOKZ\;;IE#PC"81O!U/+-O$_GGTP$-%D1R@W>0QZXO/64+CQ.=Q>?)TGK%M^KE6E[Y8@!I9VS;' M1:'-).;68Y15=HM!MFFTMHB'E8"DDI#<"1&+4$@(N2(U,8F04UR/45^%*$1U M$S++$^1'O9Y9U;D08;H23S"Y\37[N@83UI_IB@L6I8W!FG$N?6;,K\[7I\7#V.]I&G@: M[75MD>-@JXJU=.NFAHAQL5W>T3L6Y2ON*R(H.TK GD1)086P0M6=?%1-O%4) M3'Y"]X[[H1D^!.$^T[X&K6^],%\]4+/-6_.F"_+70XEM>FQ.&X?/VE(TI[,D MO_TC"^XW7.83'EW0>_9YO[UCR>7ZZ*G=MGFW+PWD/C[()*KG]R* & ^&Z3'X M8G+.C>3LB.0G:A;(AYD5EDZG_'GM4IA#Q9':(]4"4^3'^( DAT339^C[4UDF MF'29Q0!.="26!RB=FLP$*4YCDKEM4\0J=!GP4C[==+F6.QPGD=_PIG7'U=#^ M5)##RT"SJ/#2DP1B>!FJR? <3.TKHDT/PCLNY*YY 1XJVJ]OZ>,5E/Z*(W6O M^3:6.\U=)7JM44?N;);->%1\?CQIQ,YI6\/!^9SB;DF3?^;'+?)../=A+M"* MY")ISF"FOCIN4KT7E5V]FEWEX8'+=U);C/,Q3GC(%9WN$VX'[^DVH5%*O;RB MJ/A7*.N+^G_9RVP[F2/"[3G@IQC';<' :,',ID Y@M5"@=.&QA,":2X>*>0C MBH#B[HHB(JED7!7)4%Q,A^^2(+1Y: M1 6S\XC/P^)*;EJ\/W7-O/@^"O[._/-(9^&S]9IYT#^?XH^O4D_,"OG,-*6! MZX7T[?-!/"=-JN[PPNV%4$21:D74=_@JV> )5H,IK!2T6 FL)KN>;53W'J'= M8;D44.(X3R)W<0-UZV1IM<\0N;2+U\(-4P].8.6_"=%>^F!ZU0^Z!6M4.UD7U1H@]3R_KB#40Y%\+DN172=21 MQTVKG#L'._'] +9G:7A% _\\.J6[@*^S6IVMJP]RQS-2677"U@Z('=),[L%W ML$KJ!,B3\XCD#!R[ZK1J \V70:5K $]!>"P52[(=31RZLN?MMWMQ"*+;8VUW MZQ[]L;MX7U/4W-VT,V;7[ZW#8!BH.+7ECCB&!&3F< <2URSC$3WSB^O^K8B@ M;8S<_=N55'V]N25BQ^X0>.BP+=2TVGY203QH7ZP.3_GD?'N\C7 M<1A^C),O--$5C>E/!;GK#C3+05G*/B00._M03484=Q1\R(N"X]<0WZI,BX,& M\BLP)CEG9X^$XK /KH,8<2W]/$WWVE)3!TV00T*30K53%>5[Q,[<*.;0D2B) MK8@D-XGW[5@2Q/Y9U)H4:%6I]S2$]Z/2MNH*%E6[R6B2H5+.?1+BSQ&'M1#2 MU8L,^LM(2? \28*4ATT?]@G_[Y6PXL"4Q5&,D /6=,8U28<$ZH[(2I MEI5TM0LW<53+!,^%)%)*(L6 XE1487$(((*-J]LB,^@OJW(E%0^X# MX2=S;\D'HW_;LL"1@^-8.PG5Y:KP"-6**IFK- 4L%5O=2\*E M&2S6 YB6&C9]C),U"_0OIHRCN$RHZF.N<2%426YY@-5+*R>A5"F&T_6;(\N= MPD%8F)>4F"L,*:?/8SAJFX0C6JLJCZ6VLN5 A M3'IW:-)K]K=]D'*;WK#D(?"8_!'R.GS0H.VD:P:VR'%R+L/7[S=-RQ,QWLZF M^O!;5J6 4-SE\-)5=1&I#9I+64DN; [K1!'7U5TMY/87DTIN5*]FU#RS8"VG MD'W#68P)7'\)UQZ \/=OOLDA&#XQLLLM?8#LP_U0\D(+KI"8%))V$@6/8]&-/)-&(X3['^+%:#9*F:>P%XAH6!%B$ M1D\RJFKP9;%+]HK<;IB:)P0AW)Z'2C*_*.-?^LS?R[#M[DE\P%6'5'C^ <1V MT#=A' DB 7.D5#(.@>0D"%@MJ$988\>8WXJ^N=7Q2!IJ2:/%Z>9H.'E#Y") M[OS?.XX9+$G*H%*I+@S-UT'$P]" 3PX)VT'9S>C^%>2DA7N?I<($4JIUOWFD:IWU5/^=6\U6K^15#X7B-1EMBGO4<*=:_L>SJR1.K M?RLYU4M(IT;W;HX;,_=.H$:2.5W66CREZ>9C&'])S1^8M>(JD?9H8S8]RPK.&9"$NY8" *+ZQ<@"Y^' MOB:E.*229T4JB4@ETM0/CW;.]$@L*JRY!G"3,WM#FINI:VFDJQQ.W1VO()ONZ) ML\X!=0DF3TJ3PX&0?) /H=_>6#OG6)O9%#.3+9S=_%V(<[G^D)^ZG'([W&LO MDG;U0>ZD1BK7@H^V#HA=UDSNP7.30AWV.0KZ)&?@:!J?5>?RE!).41UZL8A) M4IED>!'3Z +JA9U$L@ IA"Y:7S;KB=RC>ZBO^K5!-\3>W4?ZP06H"Q[BR!^X MK(C@LR(T*HK.2EYNW'T.(YR$8?Q%UM,"I7<%2[<%/?,UR4?N"+(*X">6;6*^ M'GE@^8I!%,+Y$,""(/+3R^1#D,K7VT!VC3VM$$:.%O:,=U )="15Q%AC4;D1 M]3"5#0:QV9A7!Y6"$$62LJ!5*0TD--7D<75Q (\EA0G_$@=11AXXTZ%)I=8 M[:"Z:A&Z26EOZ:,VA#'MBQ^6S$W07H.XH2-N<.DAO^5ZNN6J)?<*P@) WH7A*[/$([-<.)Y\9Y'3-?,8\$#/$MM;,'& MKHN#![T!VH'AN-^B(*%%?,M@4' B%2L\X<$$9JA(H8H)8'44<6Y!CV5 O<_B M7+M!Y7:?5CHLRIF;Y+;LQ0H+/-YK4^^;'4T8O DH+OY+N@X?!FD(6&!'MLJ5 M$*&%>;33W'EQ+MUFA(Y OJ'GHIR\50'; ;PXEU#2C 0W/(X_B2VDTK1150PA M^A5]@JCB)/+Y)\F>VZQ:4_0.>#J(+0X8^AC)++!OH[0HX.BET%3!?\Y@YHN#,L>B?:!!E# I*,,Z6)0_-561,.R)U MU/[*E_5>C'IA+^+23XG!TU.Y6?TD"Y7LX6R;;"M6A#W(C'HH1;*A#WP&(WR\ M[B-?3F?ICGD9\<2]J7O>$FY]Y\56^(>R)D4Z<^&1>6RG@3R%%2EX.2@.,H\- M5&43C;)N$R-$T1&QW.NYC=+8%2E8#C% 5U;$8;]%13,)A$4G1%&2)JU74H!#HT91Q-%#@MVC&:OT 9B0+&DF/O"&M, 4IS1 ML V0$)C/Z/XV.@"32>L351#J3WR9@#;0B ; UI/R\@!NJ((3 5TISG(K",UM MT<,*0D%I0A1E*[AY1*EBN*US0T-VN?Y$O4T0L>3I)/+A_LX.]CPU-C;OC1RY M>IKAX):M25?$V--7@Q&W;659;.$(P GNL)6\Q#EKR49ETPGY$U4L' M"R>KLCAHG#1&#O.>,#U_U=M/E^;67RSXX("R*>)Q&/#0IZ+\OL?A-F'G$;<; M%_ \^@^X+/R+O"NLFQ^,>R.%OX%FJ 4\9ETQ!SP]-1@\R^=\Q,L5DA,I6,%N MM6!&JMD>!A M)\R 8RR[S>BO9 (YEX(-FK#/OOY=_89,=''H]!TTN M6_9TQ17/3';!^Q!8&@YT&J,5$+2]EX0,W4K8A(B"VXH(?JLIM\5'P,6$1E%P M8U<:HT(0L,>:QR9!NN'HL=B<@4F.+?$#C!VCVU U5<"+(*\59;OK3 MW!8]3']:ER9$E_YTGJ9[N!5WN;Z(H_M;EFP_L#N3S"=M1^1X9:Z\;C>ZN1=B MG.DAO)W]XX()+&: S4ONN%L"C":!!?E>^X/QGO!$-@ N##"E 0XR M4@M%<_(.DK2F5+;,/+EC-($([/"'=?O 4P,4B^?JTI\CGR7G_(,(9K:3R&]^ MQ0XV(EM>@;)%'BDD3F7([LBO/^W%Q8+&1+UQX.-)03:>;?6EAQKNQ*HT^^;RN DW. MFRC,19; /._G]C\'G=U@IX"/85@^S9E4F?82GO91(&IC$V"8KF%[3;;\HI@T MHX_N0(M//RQ-N<'>LXBM@TP$N8W6:MBEU/P>8VDBAR\K)E,Q;!1!Q$!F1Z^A MSBFY"P#+^>5#IM4GH^1^=^%3/W%84A;FB1S K_;VS&:O?0DQ!!B23'WZ4BH,C#G-%]+ M!F93*A(Z*!N/6\\*I$8BTO. 'Q=8@Q]5)K%*668XB"24P#&;^ /NHSS0$ (B M=Z!QL]_M0B;R1T)1U26,OYQ'?#6Y%?IWY&6;]T8.%CW-H *%85?$(-%7@\&E MY!4^>7$C2!126#G/>79B"C](O3!.X>:ZV,,H$IXADZK@/"C#69/@5\ ?#?P/ M>\CCN=VP*Y8$L:]Q=_->2-V\I]IEUE]W%X1NW5?R\?,]9T(D%Y$%*/DX\^4Y M]9>+ ]"?>ZK#6PA%9A[HR^72H-MQ*Z3^VJ%6_9&+6A.$_M@EZ>AL3""X(IRD MJ[6=CE40T/T/J53[N#MF(-6J#U+*^R(91LG201-]PXV MJ7H.=ZSX:.43:'6?.O++G;WSC&T[KP7WZ(_<*WN;HK979=H9L0_WUV%PW"8Y M*>4'8$NFV@H7W)RO1.>S1]M:-(JCE_FE'E2/#N0UY6(R M&G<#&;,90ZVO1 ,^6.E:%E5BT7T0P1%B]Q]N0&9NXYQ)2)'P4E1P6Y$L M%R,IJ@+\H:@*63VE)^0IS";O@L S*040I2S+0N80BTX\+]Z+)]2ON!D]'E%U MK'=:.R!'F&YE53#1MT:,&P9"#X_1MUN:/(G;F\%]%*P#CT89J3B2@J7#H^1* ML&-+W++'['VH3W$W[HQ\F/*2M4A#CY+DC@YC7EL*F[0=LY]?6D@'_:#3-(<_!D00.P,P_08 MZA<*[N?L9-UO8$@4C@@FR'D-@PLPJG=3NE9[S2V1.W^+>O7CY:-FB!VY3=KA M)[ ES9:SIAE+*S2^[9-^*,^#NF:Q7@20C^+^QJA52##NC7C,#U!B\!:?YH4L M.8'5GCA,224 @HEL1B,IY-V!!-P'K93KF+^TC9$[?[N2JJ,WMT3LU!T"#\^H MR$26E..[O'7MNN8K?>M%C<_6F4C3=#$CU!Y\ EU<<\=4FB)QQN8"0%WWR;HZ M(7=-,Z5KN_ZM/1 [JJ'@@S>W1?6F]YI"I [GF-)C11F;4JZ\FM]IG&9I99KR MS;.NN6@T5>2.8@8J-MXY6512SH3J9=]2Z1!PZ[YM*/+\L9MZTS8 MUGY9(]?F=EDQ='&M^F92VJ6_?J1!\@L-]ZQ2L>NHJZ,+($T$=8L[\IA,-R7G$&>P=;WLW:=XU!77U6>"8;IV$6CLL;%3;0V1E M6"OT$J;(_?A+D5K^Y":MH@]MU/DH:.W MND&2LT T6,W70&8]%S:$#5=$!MT6-+"G6"KD/$C)!-RZ72(/O^Q1$":2,IZQVCD1M;1?V&AMGW1T MC13CH8L!AFE?FT=>>>[VD:I)?K@YMG3_*_7;YJW!FYX_8S@NK%9CT1 MNW1/!8:.>,$&5O<5HY6\L6L;B3VXPI%*')\K3ZI[_D11*(N>U5@A.'7XQ"BL M?&&)VFWU\'"UOW"B]\>.#:(H,B?$U!_FOFA31- M104'2@'(/X9JJ;H#'=&T$.*CM9, M50N'AA+#'!Z-UFEP<" YDX(U47F+^\LJ=S28@]5PH>,UUV?V1=DL2N*(_^G) M>*_/TFL &>00--0P]2<5^]% ##B#51G^V-"76F6W&DM\J[/9[<,#&W90_*[& MU>)J[<;;,'\?LLMUN08]25.6 6+^G@;119+1?\R^AQ'"8,BV%PJL5-\ M"S=S6Y=U]ED@A96MZ=T^I(GRM 1LLL)#<6O867D0 M.RN;@"5\O&R>BN^H$)EL]^#T.!S:ZNF$#JX4M8,KJJ[A!93 L M4TM;Q&LLNOTJ8*Y19383J$@1C*OWI8E=FU60E:2#OS._O*JA/'K<':Y:H8K4 MW2V;K0Q*QY/$'H=:U- VII!*BMKM).4A\GDP1QLH_K?QQH:!""RH&&I=&DIY MU-UA#G<9(T,9,N5:7F7_E:>G=G+\316P_A;00O%W%T_Y*[YY:( MNGL*/^?8X,@BD:C*MW->E:_4^A/-]HEXQO-R#3_7+?^UP!*MT=X(,HO!A'Z& M:48(,QJ+P(N>JMCPE8IE Y;,A!\/++F+31%D=ALE9"^S-*.1'T3W M&'!%4Q"A!P&P[Y^.:J^=?*&)+ZS5:>OQ]!>#1)9,V0Q1(XDO KMLZ6@# MU-12B;6:@*HXY.ZIJ:8B$3+ET.?PC8A.>^K,>1%$3#Q:KOO);!#&[M?6C&=0 M/[@'5;$^YP2YLX+8=7@O"$"&-JZ4. C.*BJC2/)YJQIW;BJC57/$Y%GM$ MS!>F./&RX"'(GGJNA@R)8$>J049I#C-,*&!&H&&*V @82H826TC!$N$.RCRV MJ9X[I84I]I'/$I'-P1O_(,HK8\"2P^HUR@XSAUKYI3FH]*6V&'099";-:J8/ MJ47@S3"-K*Q4CDI#*;Q7(MC)6^!#HIFM5D$28%!<%I1*1Q24TIS M&TD/*BNZ64Z+JY+A(-LMX/];SWCC:X9@N^/M!0*I"7-- M":$SIWM/R:BMI+W=/(8Z+:0S'HBA:T!ZC=6.-!W M0QSS])%^J&\HA$E)F?P*M#&,]B:]/\1;[KI=-FOMN931WJU^5SV/@VY+&.T& MTMNM6*$.?,D(4>F.Z4RPZFD#M^Z?JK/R)[:]8TD/*S;W7B ,M)BA"PH:NBX, M#MHTL%S$IAX$_BJ9(8*%*4RADD3@_.^?RC__4%P)NF /W/^,@MWVSDMQ?2,C M:$+>EIY+<'PS!6S,@R5YE(%O>FR&WB%P&XVEN$(?DW3.A3H"2W",7GK8GA>5 MSQ6W012T$%O;J-&'#WR*UA6$L MJ1-)'DNL.X'*@AAYY_[LZ4*3]6>+)E+?M6JRL>=0%XC3_.SJY?+8Y,)5BA\. M$Q9VJY5H*8I5-)1A<1<^%(:YC&YH"-"..N(&K>%RC0B3Q)ZDXDYRUFP!F=@/=QAD-B402 M<=HO^+E#DI\CNH4;AM/1$[>T\%;*2\=96[@OV M,B.UAOI>Q69%@*CS,S"=MJV'7IV=D'N*F=+M)1/5'HA'NZ'@-JMS,98/;:?G M5!,K?NS((PZE-!O>?PS",$@_!5FZ#_B2%J[-TNCI++H/(G:SW\'EDHM@&V3, M;SQZ&DH#J?..,DFY@=V7 /;+$X/U&5[B?B>?%TW%;2.ECAS4LLZX"XC2UC&1 MDA$IFM@[RH4C4CJ2BT=R^58$*$&1NEA>IMSMDUV%0"40 M%)[_XJO3DYO3O.E77Z\(/INA^\Z.A,V(XZ*^#[:+S*U)R(Q4[ M+!M<4UFCTKE849,7?-%-(?X$'E^[@P= N\OU:<+\(/M(O2 $D]#'8+O?OH^3 M)/["8^-3NN/?9$\:._8D@1PDAAA$Q8D^_1%#Q2 U!JQ"3$;B7$!OD.O:LJVK-:IA@6 M=^6P\'+2>2DYKVXZ;-&7;O6E;XT<-#O4-'@[#3$4=DEL_:6T27Q8OI-Y%OG] M0R*;*R'8&8,=Y?JNF4@Z9Y%?E&"3PDYHAYN,)AE:2]RQ^R 2NY*M]ABQ"W\> M>?&60>;O1^[(&F7/'KUP#P\2G,AL/[%G>AE]8&N6<("%W.'&.T$VB2,%OFF, M6.[R6Z.,_13 OJ+#'1,D(2 * 5E:-K%*>8@J$+F,2"&2N'A8_I_P9Q:^*;1G](7@(?+YJ2"^3#T&:)<'='ARCW^JZA0A2*!MGE.ZUN([" MXI;HG8H,=9*K)/88\_,)67_640H 3[W51+ +&3]*"T7LGF9LP )_,D.IU-RA MA[C*^HE&5#Z3\Y&Q]*W&/IJFR)&@34'5WYO:(?;J5G%'%3D@%54"9-V<)DRB MGZ+9ND$S5S4:+M<<-"'=[@E>=Q%WA'8@I,8TQIV1>V8_(^BK,.AZ(O;>G@I8 MJKC 9YQ=G 9B%X$O0@JFXDVAC)1L,51;F-8DZDH,*+/ML=8C=@M.B@O@P.Q* M;$\WK5.:FR%UVB[%RNV!AC;8=P;:1!X\E99% ,2(NYKNT$:[WG>FEBW7N69I MX.]I* H_Y2E'G8IJ.BW&K=J4;G:RIAZ+0$-E3?-KMD#B_;],G!-*2(%!8OFZM[1,B*'.)2VH97]3-Z* M/RD%J+\QF,N *;UW'J-I%,>-0J=QFEVN11TXBR:M4WV&:-1@MK&(I)!\9JC4 MI)D+9 (YQ".I(,ER\,FJ^60Q.'17D]HM\)EE56*&1TGV&0-5HNK%052/Z MS,"J63<7((F$V8I \"S27A5VRMJY%VY8$ MGR%:U8TU%J8DM6>&3P=*N0"FD\;RS7@#*$LFDU6L7=>N'F* BX#>P9VHP.HB MKT[U&:)1@]G&0I)"\IGA4I-F+L!)D6,Y"&73>'FQ?;T9<&.5[&/1MB7!9XA0 M=6.-!2?9YYGATH%2MB') )%DU^6 D26+21PJUVZLT0KS89%X$B%*LT22VL+]:,TR;\W\'8K\^OR?]BS_]A' MC+?^45_[W+@G4A<=H'Z9"VS6#7M"<$\M+-S5U]G:[N8H6KQ);3# 8O@[;>Y=)WNZ;?3 MD*8I__C=R2U?EW^.,Y:V/"O4TABITYDI63T;I&N)/6;N%MQ222O!" +>=R]/ M"/ B@MG MM*:12)>3SU?XDH%+^)M>9Q7F),B5X 9HE_+_ GC=RS)F[UY]_^:?8("\>_7C M#WQ9K^)?.3QJT$>C\BU1^SND$"F^>_7NN_Q"]T=N_3\QFG3NCW;UPPR&?50_ MW!MM[80=&GOI8 DAUYPZ>>+D96 0QGPX?]D$WH;<\0]3&-TU=X'@ (0K'NUQ MLR\ZK8D*YRZX%.44"/ AP C!GNBT)C@$3MH$G<58.(1)&NUI DCY]E^FV!?E M%%_=QP^O?1; _M.W\ <@Z+?*MA/_Z,\7[)Z&9U$69$\-6Z#-+9#B8HLZ@( - M7R/<0FJ3& U*5*,*O4[I$.J4<3!6WZ^(0(0\Y/Y\Y4)W+0":Z\_]S&*_.9@FYW>DPT9#+W9:5KGZ/%-JT MJM22!8LO$08$>AD'(Q!0MGG/8!KGO-*JD>D^M 6+_:99S<,5_2;EO[Y8U:?::NMO&R M1JZE?67-V'6:K(M%6V>^VAJDZ=HNRT?U05MCP^7XIJW$A<.1ZC::FUQ)J"_O M\)&+7V@20(+$-8ZG&';1 [FU;4H4.P($B HO.8356O-5AK M;+B@H:@/SXY;+60X6@I1#@:DTT#,F7JS%OKQX^@<RT71);NV4/I(F@C>+.LCU- MH;B7O#$)'+!XXWN:!NG-+F'4OXS4P$/WLGV/[HORUVY#Z!U8WWE:<#J)TS_PZ37NX_83FD-JGY;:/Q3:BPLA+VA*:'$UZ.AYGAD# M=(Y[E^MZV:!3NN-_94\G#S0(0>2/<7*S8UZP#KRK?;+C%K[,-BRYW="(?W6; M4)_QS[T-UUM;:'8"/LAQ9S+3UA8)MID@1K+I=!T\UT,0$Z\/JX*M2"$6*>4B MZS@AA60D%XT(V4C&A1/?"_%(*9^CM0HZ,Y]LXWTDJHGY,,?0TJ;[R.?FHYX7 M)SZD<:\9W*YS^,Q7?78YS^\ PH1RD_'_^/D=1'IO5D&^@P!R .QO#'WHU=8; M,60-4,):^%5P$^'6BDB&I.*(8=DUJ44^5H5:L(1;G\3M7WA:YW(-"\7;O+CT MR1VW"/4RC=$,NB'' E/%Z_F%[7T0^[VQZ,,S]@H&#:]1_%JPF69KQ6"5-;G^ M5TD0><&.AB3>9VE&(U\4(&7Y37RW3QL4VE96N ;!Q/,@E^M2]&L&IS,\@KE< M?PQ2CX90ED"_@3R6+'*$L&6XPX<5QM!$C##65+/UB$$EQ(I48@ ZE8+ %[DH M\+D41I0)\@U,;PG7Q14#5>03ZWGZ)QUM2)?5\(.G(0 -AJ*3S/*#G6)T9 MX09*[(@:1)P_>H"Q9RGN[3\L"50X=]UNR&!BSPY85".-@Q:@]*S I::0$W@! M"98",%:L!07+%@0Q4/+-E@%S6L\-8%03C<(7(/2_/NS2*PY63- M+6@/7@[)/1^$:3340)"IT7H>.-.LTIQ00T&"!:&-78O=;EC"A FPY*2V"I>E/9!_1;9QDP=^9+W,X@T);#[BX<[R3+S3Q.\I-';9! M[G"-*JG.5FN V-&:Y1R<1 S4D-2.VM"$O>=2^:?Q=L>B5!1Y/DG@?24F M+W M3U6;*QFD"ODKDT3^%3=$Y_.P$[%"[@)3&KA63&<"/H@=Y 89$<"2J M6$25B[Q_(FK#7#8B04&!!BX? 0$QO*J+TMQG?]N+>RW"9.X+3%PSOC (/![6 MW&2Q]]?VPM^:MLC!K%7%6C'PIH:(X:1=WN$/8114B2#KNE;XU$JF0-:= Q;P MTA(_'S1![FY-"JE>IGZ/V+D:Q1R<;5_-B(Y#9Z.@=VGA:G>@N9@0T7*T@244 MFUVM$2^.G4=PR2UX8")& U:<^P_Z9\8ZVB/U'6-5RP?%VAIC?T7,2/;AP43M MH5N?930(X6^:%>^'I?!Z&'P);/.XJI1)+)AF?C5L4H-4FLEE3D'>Y>-@DRI\ M6_RR.TX \;Z8;KW[>0]FN%R+;].3?;:)$]AK'KJP'L '*4Q.;MI>VV%]F2 . M=*;3==1&V,N[UHTP>%Q:;5?;!UL1*1LD<$CI2"4>TBVPV:U M.8IJ36L30X^8/&,$U>N* 3\5Z8K =!+TW D\.XM:\Z+PF5JA2&@F]F98Y$-< M"G]*I7! ZB\LS2!AL^7=EUH+Y##6H$[M@8WJ:\30T23EX#N6D&'%NGV^95:<1!T)B(DIS!I?1QR!)LY,H"AZX MAC1YTI\,F79$ZD7]E2_/BHQZ83\TZJ>$A=.C(%K'R59&?/G!$0SI_.B("G'( M0S[0>1OX= U2$5J)1>#'DP=14+F3!S1%KOC,1TSSF$]R(87[7T9$,"(*)Y?' M3K,:01D:1\-B,CSD]&^_Q'#CSQ0(&WHL!P%UZFJ@[[#YLC!/*[TM;^4,N,LR M>;]U4C2??54( YR2M'@HYPED@+?.OXS#\&"?0R?8ITU AD&*RVQ_%RG'R( D0;^ [ M,H3#@^C\HJLBN?I:6WE,78K?D#WY*ZA$?\FIU.-"?#/IE+PQ5Z5 MJ"[RZEFGP7X1DZ0S1#]B_YM%].8?8AY$K_/^32*ZQ@3X$5T*/A6B MFQ>U7=9/(P]'GB>DYQ<)':)ZDP2_66#7_ASS8/L1^]\DO.NM@!_A2]F?,\A/ M] ,I5Y_=0?W9=A?&3XS=L.0A\%BS$"[^5%4S)]7 L2P[\@0@XLSY^*27%ZBFPJ4 MPPL)^1S,:U,%R,S;9.2)9:02>Y6C/%G'"5%$=[-9L[!?YYIM\]PW^L 2>L_* M-*A=9=2DX@@;^/LH*:4BGOH+L4?XV^&;-9-9OZ(D.QU.R'./!@-Y?JLSBNE/ M-,;:)^RFG:;91B>6IH\?KD&(LV(_#D.:.#\L MONM>TMWU7M*=W-\G8DEY'F5)$*6!]PL-]ZS\M=K6F*X$0C[%N/^QCC:MG$B# M>))!8!3\6UJE*J34A0AEE/G+X='T,G^^RI0/0%@N;/)8(+\ A&C*&;*+*/Z3 MWYN1JT?=;I=E%DN8%BP;U,KI1 -][-!M6TV'8"S^I[P M\B$GRDL6QADUVB0 M&;=VUFOFP6,#YQ%?'[!;^GC-9X?3..+2[>%F(!>0MN[%]"& ',+Z&Z.VVV'< M&S'\#%!B\'Y"P8I(7H0S(\!-[ M$7A &^78"=SIX$L/1ZM^%13)NB@1,\8*F MA )*@ $2W$WO;J-#G3X]%I1:1 8LI51"JF9A^JC;9,S$(P\BN(1H1LTP#; TON8D-HPV/A MT2>(J4JS?0A2+XS!2AH#=_="#F:&:JOP MU-$%,>"82CZX$@G0)SF#%5'BG8J)FQAG:LWKKAT).^PD.X7>/^5?MFTJ#*.$W/5'F*=VG-*?#&*(&*/-X,.1G*?O_^2"M+[_<]@&^Q!M4JDV)-4&F(=@HYPCAYSC]W\FT2F= MX@&@"[XXE O":Q;"1;KJ="IGJZ_LW*,O4F<:9(*RTK-I1^P5GWOK,6GEYU!* M([9;$BD/B4N!R)=-X&UX]XR;ONR*[)-C2) B?R&Z?P!-! M&9#.R?#&T)"E*TAQWK)$[$[PE8V7T'6V*O\BZ8XF4(?L'J9&P2 6:8%E \:9 M[P3>P)=042ME87XBRQE[&\XE5R2E,O!KX&C&844Y<0EN>?4N_F>0/PD*Z@%:ZWQ)&079D[@&F!Q[[(N6/R]J4? MI#1-N=GXI +M"PES 7"@\Z0_MB!.!'4BR&, X7DU=KZ$;=JFZCJW->R*%*V' M&*!A'=S:#__RV$S\L:OFQMW(Z4\X3=?3TQKALEP=Y$CNT-O%-1RX <7.P-#L3>P97 M8O/ZZ3V+V#KP@O(M=8VA>A-![L/#C*)Z=C\*B/U]H"*#[YCF[$C!CTB&).=( M%):.D_FQ6&;,([O3WV:ZDZI3-+1'[8X? 0\=EC:P,MIVG MRAVKVIHUU])\<<-5GTNG:[NH(6LI&ZUQT#K-MD.AZHQG \7F:9$7V!KLZ5LC M]\\.-6N' ?S3+$XS \/S\)@&T0".5K]LZL/ MUU)>,'_XA\6'^44_^W_ M U!+ P04 " #V::I(D7=B9!U?Y7G9']SDAW[H]QRYY;7?/F:<. MFH0D3%.@&B155O_Z!4B*HD3BQHL!0HJ)Z''90!*9^2$!)#(3/_[7^\P?+ . M88!^^G3T^?#3 " W\"":_/0I#@^6$I'6 M!@F9X\]'^5^N,TH!^F%P]N7H\,OQX='YX.CXA\.+'PZ_#IX>\Y:/9&AC*&[J M0_3'#_0_;^2C \(D"G]X#^%/GZ91-/_ARY?OW[]__G[R.< 30N#PZ,O_/#Z\ MN%,P!3UHL2V>CV_H;]5<>3+ZMOK)J_E]IGGSFZO+S\DOPU;TH( M00[IPDA"^$.8#.\A<)THT95P1 -F"_JO@U6S _JK@Z/C@Y.CS^^A]XE(;S#X M$0<^> ;C03+@'Z+E'/ST*82SN4]'D_QNBL'XIT_?_;%[0%5P>)+V_X^;#!ZK M_Q\B[Q9%,%K>HW& 9\GH/PTH_5^?[S<%1? #0Q^007UV@]D7VN:+'+E$H%): M^M*4OY>(0)6.Y#I 8>!#CR+WRO&IIEZF $2A G1W,YAA, 0KA K3/C@YQ)HH3;,()D M\U"3R4HZ6CBZ1PL01@FL:G&RT5\+!]\"(KTG9^F\^2KK#8N GOD4!>X?R?&& MKG)DB4NVI4]D=U-S$O'H:<(97;!?G?>:,V:COQ8.[AR(?W/\&(S&=Q"1?2=T M_'MRPL)Q_=DCI*F%T]$<8(=:VQ]2"JL/Z%ZY&S!:047[*MZ G2HRIJWH36 IIFK&BM& 1R8M M@RW-#8@)0E;<:ZVH13-C$3SF7-EM!J4LI\ MS3$("8%D=C^0/V;,T,^U=M-8$!EXCP#R@)?_%D;T0X>'AY>'@X/!BE#Q1P=Y M@Y3JH-X%9L(H8=4/W(VQ^/1B., B_='?_,[C1(LOG@ TFO]4_H#'?[IP>%1=CW]'^17OZ7)Q.MNA.F<=,E9<:MW]K4WY'?E-E'!DM^Z\T%<96I]I# M[:I*-ZQRRBJTM4U=(M96"F/Y(7[\LNVU:\&7)Q57+^/).SJDGKR<'/FY2'&0 MD1PHQ^K7QNK8"=\2>G%X,'&<.07LV1?@1^'J-Q2Y9P7D9K_^/6>BX"E_"D+( M\?JI=:T_ >LS-0Q#(GC!\#<;&3,!ZRB&SD$%MI@^0,+F&)!]J/>0BHK)1L)# M!' (DI9ZM$SCI8F%HO]' \87CD_O/X;1M8/QDJSIR0400_E2?8W#A(1NRX"H MSZHE.%E?YE:+@@$143<[T%&+2Z:#NE_ >,+!'.!H^1*__1NXT6LPPL.% WT: M^'$7X/QJ]8%N([X!UD*B2L8.X+3"-=/!K@:D!S0OX@AYOU$OY:$U0:'!H0FGK#5DBC>"59U ML4/WRAPRKT,^;H?7UD2/'#2!9$E,!4<8OGUW_9C>'OP-KU.4# M=-Z@#R,(0K*&)3?"&Y5'!#<'LMV-PT/=.X5&#%OB+"S*0!X>IB*AD4;Y -F! MFZ>5FR1+$B02)+_!,1G]6@Y90!?YV[< N>D_! XE57)&HZJ>XZD5$5B"LIML ML'G"7D$6#"3QNEB$%F4V;5F# C1Y!7AV ]Z8BT^AB44:%[+5TDU2?0TS[I$> M'8@B0/=:X)G(&R]*_6P0BB23ATW7@6)W$S9#\$71G@(0KIC'HU?G7>V*UF%BGT@:D, +7DB M6+&-IZ;L5J5WJ?;!1)+'MKP1AM]WU[SG-@X6'=YJ2O/?UG)4@HRFE-CM5U@* M6N3DQY[)Y\<._K;QB;]_VN?+:F/J-7LN@SO\I)%Q<[]N;(L$6YR#:2OY"K*5 M!A[ Q/'3A/SA.ZRJ+[#5PEPEL86]UI L0Z:H)QWF33 CIY@*W13_;(QB9&6\ MJ14A*Y9$8/SF8$B!>H_(2$ 8I7P_84AKNU\!E)Q*R8^/8/8&,,-NJA$Q"AE" M/9?-:0O<6@*>W-:131FX)S^R[H#*#8T!02V[K<@7Q]6G.1M0*<5YPUM%5$10 M7JP-W21GG$':7)3P%5Y&2F?2Z,"4K%%YI,E1Z/O!=WI^(I*Y">*W:!S[Y;Q= MEG]0JK,]R&K ;P=7$/JQ4SUWR,\^2-2)O.&,%J#\*WT+@Y7M)_8^-R)O$?ZZ ME$@'-Q_:$5JX*7YR\ @GDO>22^,G@).ZC>);=%9/>W!5E]D.@BQ-@DQ:UW,8 M1U,RI+_6GDDV5+9[6 D1*28[B+PT#QKW81C+PR)M;3$D. QV6JS#%#BP2R/+ M=+$8&)*ED=NL\=$ '8S<"\E8@'(TA6+O_N.@#89;JO1AEL%PPBG+,) _]5_Q M0FXXA3DT>^<>'2((!/"R>$[Z&1.$,C3&[F"/'A5Y[*(XA_9 IWX78:FM>ME" M+-TX0S7INN\9L;6U+9L0>]2-_S)7]\=%)>6_#$?C=#9.%@KLS0!XR AI>>*9;L9QY8 9Z-( \@Y8:V $&2,^V940QG2S;F.R(* M6BQ\-'ZADJJJF"QJWG>%UN+/QKN\GPFBJ<=HA%(1),;,RRN#;ED^QH17(])W M[+3(M27U5))C[>9^O^HTG[:P1?TBEBRIDK*2CN 48(M6N?RT==^F.=4LMTRW M[W. 0N%)C]G>.*4K'/G4F-*^HVNKY-$ZOFDKK(FA>TX/X[2OIM(R)%1Y[31R M5?G&AK'GOP["J+BS+5XZT'U+Y[%)&5D_'S.8. MQ*E+%U]/'3QA;@6D^EH#G.9<6U(4XV> B 1]:C"]&4202B^""Y#)DW5DY/>R M#B9U^+7D=)B;4CXBMIM9!P$I!BTY-:Y2"],-><;P-R"^!^-WLPX3M1CN-.Q3 MT\8CST7EVHBM5L;!H98ZV:B0,!2&'#[:;6:-\)0;;BNBN!("F.\E<<.N =I%G>MW2.!C4 M\4D+V.FL?IF.&#G*);V"3^NU/8)H&G@R+_9*].TS%NHSV$EI3/WXN X0F1HQ MF1W9- E0> 7& 0;Y$T,@)'L@[! !D*43+Y-87?H.%>E)6/*3B97NNZ10U>H7 M[<%B]V*QI*1G+HYL!4]+*_&Q5VK=?]S(L63)3-?B4:?\=&<45M>G&=((ILPL@4L%*E8"!TE M5KO(DM69*5E1Q.'3AMJ8:9,G*FF3&Y_I11)EH5YX.MPA\BJ$)5_378[*_MS0 M*$U:35FUSA-]3Z63>?;FB4:?$NU%$89O<41K8+X&Z3,,HGCM=JC;B+ N1=-2 M/*A^ORM/2'H:9#^'U='7 MC$-OE]!3 WK;4NTT%.5,5Z8$AHLD0O,>$<''R2YJE?'W#-Q@@FB5QGO$$O3M M> Q]AZ?8_M>/H_S"1=F+SM4=@L*2R%FOX_V+'A^,E.:(-PU^ -P$A M7X&*QK_!EW8<^A\ET:8Q"((@,DUFO\&SGKU\R],,;'[4:Y]&13E5R$& ,$X/ MXX#5PEE-E5T+7G4L>@437VCE$Z "I^"IBE.P^)7_.\B_TP^G(/OU4+$KD-=W M_[YCXTDO5DU;#SQJ55;*&K54 :)3JN+-1ZD^YJJRUFMBTBP:I=5"A77N:X&E M=N9J3UH1E6..2'G@?3D3\YT+M'U\XL@T-W;O5T3DZ=.@EW79\D)(P!##D)R^ M;F),_ON4@+GF=7?]#VTHYNS\\OSBT$8P?I#@K*D"D,C\&8!I]T=U #/VE'XP!43]5JD.&PWG0_;19FTDUC M282K%&B0A+,0 YXHF/>F:4UJQJ&K0_/4DG0Z+8RIZ?5,AGS2:=@:&(7DC$-C MF[B11F4],=GD=U*2.+$$8P#9I1,:4#0.CZ981[Z$FM9C,7V)YDW0FFB4(FD< M'-L&3BLF4@J;_=\^KO/FPM> $3.3".AM6T#/@-B)D$CH!> %=$$JTBQAB3;@ M'7B[_JQQ&._&Y&H1H_;*28P:S#+">'7>L\)N(W0#PS^3[")(K (,YT&8]%B% MLU<^-M3V-RS'Z>$TSL_^!Y*6J@SIBB*8B' MCN0)!PM(-'>U_#5,*I6LWH88TKHD9/<.PJI"[ )VVR%NLIUA*GXK(*@K,5CB M[&\62F8")CK4L4J$6(J8#5MQWSTRVQ!8TT!"8U;NL@AR ML69!EX(;#7D">^2U)C5;'ILLBV'HND%,%$+4 >""4SA:IJMQB&NH=AD<24K! MFM24L@3HK@*1KT&%A;+09Q=!(V*_Z86!8*^E*7*^0K#4<[2V[LE97G[=J^B\ MBV"2ED,G#^Z8 :25%7YREM0$T_M@U\4Q&25TWJ"?;!F4%S8>L5T$6FVY6'+1 M4);(,Z"G9I?,!KIME0;89K==A)*$! RH'\1(:2RS\^A % 'D(!<0S@!>5.,E%:AIU\N@0!2" E^3T2Z]6YU3>[/ RF=[&X:A#7%0&E=46 MDO9,.<8!Q?@"M%5G0]E^NTF6IJ)IP-KM':FGV@R3.YW6_'H5A+/ :X^SM"%9$Z M$66T?/(=%,D<&Z0)[''60$[6) ,T$WHG+I+=!F8'LFMZ=6&V5^\.TMN_CKQZ MBL2-@VY+7KTVQ&!)&G)QKTR+4]*;Y]'X(4"35X!GG/0I<4?CT-,A&OB'$ 7Y MF.K&VW!- C>FAY7LJKG*>\=IOINPJ"45"V\.UE,A+8C[*R(LWI-?(%IRDFQ4 MJRM!T&TL)W.]%?*["

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end