Report Preview Details

0001047469-11-009056.txt : 20111104 0001047469-11-009056.hdr.sgml : 20111104 20111104155133 ACCESSION NUMBER: 0001047469-11-009056 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111104 DATE AS OF CHANGE: 20111104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Interval Leisure Group, Inc. CENTRAL INDEX KEY: 0001434620 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34062 FILM NUMBER: 111181050 BUSINESS ADDRESS: STREET 1: 6262 SUNSET DRIVE CITY: MIAMI STATE: FL ZIP: 33143 BUSINESS PHONE: (305) 666-1861 MAIL ADDRESS: STREET 1: 6262 SUNSET DRIVE CITY: MIAMI STATE: FL ZIP: 33143 10-Q 1 a2206124z10-q.htm 10-Q
QuickLinks -- Click here to rapidly navigate through this document

As filed with the Securities and Exchange Commission on November 4, 2011

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q


(Mark One)
ý		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2011
or
o		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission File No. 1-34062

INTERVAL LEISURE GROUP, INC.
(Exact name of registrant as specified in its charter)


Delaware (State or other jurisdiction of incorporation or organization)		26-2590997 (I.R.S. Employer Identification No.)
6262 Sunset Drive, Miami, FL (Address of Registrant's principal executive offices)		33143 (Zip Code)

(305) 666-1861
(Registrant's telephone number, including area code)

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 ý No o

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 ý No o

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 definition of "accelerated filer," "large accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer o		Accelerated filer ý		Non-accelerated filer o (Do not check if a smaller reporting company)		Smaller reporting company o

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

As of November 1, 2011, 56,013,887 shares of the registrant's common stock were outstanding.

PART 1—FINANCIAL STATEMENTS

Item 1. Consolidated Financial Statements

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

		Three Months Ended September 30,						Nine Months Ended September 30,

		2011			2010			2011			2010
Revenue		$	106,713		$	100,488		$	329,250		$	315,928
Cost of sales			34,708			31,175			107,564			96,878

	Gross profit		72,005			69,313			221,686			219,050
Selling and marketing expense			13,341			12,533			41,215			39,189
General and administrative expense			23,256			22,802			71,731			66,023
Amortization expense of intangibles			6,830			6,575			20,448			19,725
Depreciation expense			3,319			2,644			10,006			7,693

	Operating income		25,259			24,759			78,286			86,420
Other income (expense):
	Interest income		433			120			820			323
	Interest expense		(8,762	)		(8,847	)		(26,868	)		(27,031	)
	Other income (expense), net		2,488			(702	)		758			(995	)

Total other expense, net			(5,841	)		(9,429	)		(25,290	)		(27,703	)

Earnings before income taxes and noncontrolling interest			19,418			15,330			52,996			58,717
Income tax provision			(7,982	)		(6,038	)		(20,864	)		(22,695	)

Net income			11,436			9,292			32,132			36,022
Net loss (income) attributable to noncontrolling interest			(2	)		—			(1	)		3

Net income attributable to common stockholders		$	11,434		$	9,292		$	32,131		$	36,025

Earnings per share attributable to common stockholders:
	Basic	$	0.20		$	0.16		$	0.56		$	0.63
	Diluted	$	0.20		$	0.16		$	0.55		$	0.63
Weighted average number of common stock outstanding:
	Basic		57,245			56,993			57,302			56,835
	Diluted		57,861			57,722			58,085			57,631

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

		September 30, 2011			December 31, 2010

		(Unaudited)
ASSETS
Cash and cash equivalents		$	190,952		$	180,502
Restricted cash and cash equivalents			3,108			4,118
Accounts receivable, net of allowance of $358 and $213, respectively			28,665			24,420
Deferred income taxes			17,875			19,865
Deferred membership costs			12,549			11,775
Prepaid income taxes			1,739			8,539
Prepaid expenses and other current assets			23,358			23,527

	Total current assets		278,246			272,746
Property and equipment, net			50,778			50,900
Goodwill			488,027			488,027
Intangible assets, net			105,622			120,470
Deferred membership costs			13,978			16,108
Deferred income taxes			5,850			5,767
Other non-current assets			35,173			24,366

TOTAL ASSETS		$	977,674		$	978,384

LIABILITIES AND EQUITY
LIABILITIES:
Accounts payable, trade		$	10,073		$	11,302
Deferred revenue			97,457			94,651
Interest payable			2,619			9,745
Accrued compensation and benefits			11,527			14,941
Member deposits			9,324			9,692
Accrued expenses and other current liabilities			44,403			38,787
Current portion of long-term debt			—			—

	Total current liabilities		175,403			179,118
Long-term debt, net of current portion			344,436			357,576
Other long-term liabilities			11,691			11,697
Deferred revenue			123,156			124,928
Deferred income taxes			82,823			83,434

	Total liabilities		737,509			756,753

Redeemable noncontrolling interest			420			419
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Preferred stock – authorized 25,000,000 shares, of which 100,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding			—			—
Common stock – authorized 300,000,000 shares; $0.01 par value; issued 57,710,379 and 57,099,615 shares, respectively			577			571
Treasury stock – 1,570,687 shares at cost			(19,258	)		—
Additional paid-in capital			170,746			164,162
Retained earnings			100,691			68,560
Accumulated other comprehensive loss			(13,011	)		(12,081	)

	Total stockholders' equity		239,745			221,212

TOTAL LIABILITIES AND EQUITY		$	977,674		$	978,384

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

(Unaudited)

					Common Stock					Treasury Stock										Accumulated Other Comprehensive Loss

		Total Stockholders' Equity			Common Stock					Treasury Stock					Additional Paid-in Capital			Retained Earnings
		Total Stockholders' Equity			Amount		Shares			Amount			Shares		Additional Paid-in Capital			Retained Earnings
Balance as of December 31, 2010		$	221,212		$	571		57,099,615		$	—			—	$	164,162		$	68,560	$	(12,081	)
Comprehensive income:
	Net income attributable to common stockholders		32,131			—		—			—			—		—			32,131		—
	Foreign currency translation losses, net		(930	)		—		—			—			—		—			—		(930	)

Comprehensive income			31,201
Non-cash compensation expense			8,840			—		—			—			—		8,840			—		—
Issuance of common stock upon exercise of stock options			456			—		48,164			—			—		456			—		—
Issuance of common stock upon vesting of restricted stock units, net of withholding taxes			(3,511	)		6		562,600			—			—		(3,517	)		—		—
Change in excess tax benefits from stock-based awards			841			—		—			—			—		841			—		—
Deferred stock compensation expense			(36	)		—		—			—			—		(36	)		—		—
Treasury stock purchases			(19,258	)		—		(1,570,687	)		(19,258	)		1,570,687		—			—		—

Balance as of September 30, 2011		$	239,745		$	577		56,139,692		$	(19,258	)		1,570,687	$	170,746		$	100,691	$	(13,011	)

The accompanying Notes to Consolidated Financial Statements are an integral part of this statement.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

		Nine Months Ended September 30,

		2011			2010
		(In thousands)
Cash flows from operating activities:
Net income		$	32,132		$	36,022
Adjustments to reconcile net income to net cash provided by operating activities:
	Amortization expense of intangibles		20,448			19,725
	Amortization of debt issuance costs		1,371			1,834
	Depreciation expense		10,006			7,693
	Accretion of original issue discount		1,860			1,676
	Non-cash compensation expense		8,840			7,638
	Deferred income taxes		1,374			3,770
	Excess tax benefits from stock-based awards		(1,272	)		(966	)
	Change in fair value of contingent consideration		1,159			—
Changes in operating assets and liabilities:
	Accounts receivable		(4,432	)		(2,085	)
	Prepaid expenses and other current assets		161			1,457
	Accounts payable and other current liabilities		(7,759	)		(10,486	)
	Prepaid income taxes and income taxes payable		7,360			(1,912	)
	Deferred revenue		1,709			2,751
	Other, net		3,900			4,553

Net cash provided by operating activities			76,857			71,670

Cash flows from investing activities:
	Changes in restricted cash		—			372
	Capital expenditures		(9,916	)		(12,872	)
	Investment in loans receivable		(16,150	)		—
	Acquisition of assets		(5,600	)		—

Net cash used in investing activities			(31,666	)		(12,500	)

Cash flows from financing activities:
	Principal payments on term loan		(15,000	)		(30,000	)
	Treasury stock purchases		(17,585	)		—
	Proceeds from the exercise of stock options		456			350
	Proceeds from the exercise of warrants		—			249
	Vesting of restricted stock units, net of withholding taxes		(3,472	)		(2,509	)
	Excess tax benefits from stock-based awards		1,272			966

Net cash used in financing activities			(34,329	)		(30,944	)

Effect of exchange rate changes on cash and cash equivalents			(412	)		811

Net increase in cash and cash equivalents			10,450			29,037
Cash and cash equivalents at beginning of period			180,502			160,014

Cash and cash equivalents at end of period		$	190,952		$	189,051

Supplemental disclosures of cash flow information:
Cash paid during the period for:
	Interest, net of amounts capitalized	$	30,176		$	30,276
	Income taxes, net of refunds	$	12,122		$	20,839

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2011

(Unaudited)

NOTE 1—ORGANIZATION AND BASIS OF PRESENTATION

Company Overview

Interval Leisure Group, Inc., or ILG, is a leading global provider of membership and leisure services to the vacation industry. ILG consists of two operating segments. Membership and Exchange, our principal business segment, offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Management and Rental, our other business segment, provides hotel, condominium resort, timeshare resort and homeowners association management, and vacation rental services to both vacationers and vacation property owners.

The Membership and Exchange segment consists of Interval International Inc.'s businesses, referred to as Interval, and Trading Places International's, or TPI's, membership and exchange related line of business. The Management and Rental segment consists of Aston Hotels & Resorts, LLC and Maui Condo and Home, LLC, referred to as Aston, and TPI's management and rental related line of business.

Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of ILG's management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Interim results are not indicative of the results that may be expected for a full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in ILG's Annual Report on Form 10-K for the year ended December 31, 2010.

Restatement of Prior Financial Statements

While implementing the accounting for certain new costs associated with our Interval Platinum membership product following the launch in March 2011, we discovered errors in our accounting for certain deferred membership costs. These errors primarily related to the period of time over which certain deferred membership costs were amortized into our consolidated statements of income. The impact of these prior period misstatements to our consolidated financial statements resulted in the understatement of cost of sales and sales and marketing expense with a corresponding overstatement of deferred membership costs over multiple fiscal years through December 31, 2010.

In accordance with applicable accounting guidance, an adjustment to the financial statements for each individual prior period presented is required to reflect the correction of the period-specific effects of the error, if material. Based on our evaluation of relevant quantitative and qualitative factors, we determined the identified misstatements are immaterial to ILG's individual prior period consolidated financial statements, however, the cumulative correction of the prior period errors would be material to our current year consolidated financial statements. Consequently, we have restated the accompanying consolidated balance sheet as of December 31, 2010 and the opening December 31, 2010 balances presented in our consolidated statement of stockholders' equity as of September 30, 2011, appearing

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 1—ORGANIZATION AND BASIS OF PRESENTATION (Continued)

herein, from amounts previously reported to correct the prior period misstatements by the write-off of the related deferred membership costs with a corresponding reduction to retained earnings.

The impact of these misstatements to our 2010 annual and interim consolidated statements of income and cash flows is inconsequential for restatement and, accordingly, such amounts have not been restated and have instead been corrected in the three months ended March 31, 2011. Additionally, the impact of these misstatements is inconsequential to our 2009 statement of cash flows as the impact to individual line items within operating activities is not material and there was no impact to net cash provided by (used in) operating, investing or financing activities. However, we will restate the 2009 statement of cash flows as it appears in our 2011 Annual Report on Form 10-K to reflect changes to individual line items within operating activities.

The tables below summarize the effect of the restatement of previously reported consolidated financial statements for the periods that will be presented in our 2011 Annual Report on Form 10-K (in thousands, except per share data).

	As of December 31, 2010

	As Previously Reported			Adjustment			As Restated
Consolidated Balance Sheet
Deferred income taxes (current)	$	19,219		$	646		$	19,865
Deferred income taxes (non-current)		5,487			280			5,767
Deferred membership costs (current)		13,874			(2,099	)		11,775
Deferred membership costs (non-current)		19,599			(3,491	)		16,108
Total assets		983,048			(4,664	)		978,384
Deferred income taxes (non-current)		84,575			(1,141	)		83,434
Retained earnings		72,205			(3,645	)		68,560
Accumulated other comprehensive income (loss)		(12,203	)		122			(12,081	)
Total stockholders' equity		224,735			(3,523	)		221,212
Total liabilities and equity		983,048			(4,664	)		978,384

	Year Ended December 31, 2009

	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Income
Cost of sales	$	127,406		$	507		$	127,913
Gross profit		277,580			(507	)		277,073
Sales and marketing expense		52,029			122			52,151
Earnings before income taxes and noncontrolling interest		64,267			(629	)		63,638
Income tax benefit (provision)		(26,058	)		240			(25,818	)
Net income attributable to common stockholders		38,213			(389	)		37,824
Earnings per share attributable to common stockholders:
Basic		0.68			(0.01	)		0.67
Diluted		0.67			(0.01	)		0.66

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 1—ORGANIZATION AND BASIS OF PRESENTATION (Continued)

cumulative after-tax effect of the prior period misstatements of approximately $3.2 million (net of tax of $1.9 million) will be presented in our 2011 Annual Report on Form 10-K as a reduction to retained earnings as of January 1, 2009. In accordance with ASC 740, "Income Taxes" ("ASC 740"), the tax effect of these adjustments were recorded directly to retained earnings and to the related deferred income tax accounts for deferred membership costs.

Seasonality

Revenue at ILG is influenced by the seasonal nature of travel. The Membership and Exchange businesses recognize exchange and Getaway revenue based on confirmation of the vacation, with the first quarter generally experiencing higher revenue and the fourth quarter generally experiencing lower revenue. The Management and Rental businesses recognize rental revenue based on occupancy, with the first and third quarters generally generating higher revenue and the second and fourth quarters generally generating lower revenue.

NOTE 2—SIGNIFICANT ACCOUNTING POLICIES

Our significant accounting policies were described in Note 2 to our audited consolidated financial statements included in our 2010 Annual Report on Form 10-K. There have been no significant changes in our significant accounting policies for the nine months ended September 30, 2011.

Accounting Estimates

ILG's management is required to make certain estimates and assumptions during the preparation of its consolidated financial statements in accordance with U.S. GAAP. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates.

Significant estimates underlying the accompanying consolidated financial statements include: the recovery of goodwill and long-lived and other intangible assets; purchase price allocations; the determination of deferred income taxes including related valuation allowances; the determination of deferred revenue and membership costs; and the determination of stock-based compensation.

Earnings per Share

Basic earnings per share attributable to common stockholders is computed by dividing the net income attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Treasury stock is excluded from the weighted average number of shares of common stock. Diluted earnings per share attributable to common stockholders is computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are common stock equivalents that are freely exercisable into common stock at less than market prices or otherwise dilute earnings if converted. The net effect of common stock equivalents is based on the incremental common stock that would be issued upon the assumed exercise of common stock options and the vesting of restricted stock units ("RSUs") using the treasury stock method. Common stock equivalents are not included in diluted earnings per share when their inclusion is antidilutive. The computations of diluted earnings per share available to common stockholders do not include approximately 1.6 million stock options and RSUs for the three and nine

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 2—SIGNIFICANT ACCOUNTING POLICIES (Continued)

months ended September 30, 2011 and 1.4 million stock options and RSUs for the three and nine months ended September 30, 2010, as the effect of their inclusion would have been antidilutive to earnings per share.

The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,

	2011		2010		2011		2010
Basic weighted average shares of common stock outstanding		57,245		56,993		57,302		56,835
Net effect of common stock equivalents assumed to be vested related to RSUs		602		686		759		744
Net effect of common stock equivalents assumed to be exercised related to stock options held by non-employees		14		43		24		52

Diluted weighted average shares of common stock outstanding		57,861		57,722		58,085		57,631

Recent Accounting Pronouncements

With the exception of those discussed below, there have been no recent accounting pronouncements or changes in accounting pronouncements since the recent accounting pronouncements described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2010 that are of significance, or potential significance, to ILG based on our current operations. The following summary of recent accounting pronouncements is not intended to be an exhaustive description of the respective pronouncement.

In September 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2011-08, "Testing Goodwill for Impairment" (amendments to ASC Topic 320-20, "Goodwill") ("ASU 2011-08"). ASU 2011-08 amends the testing of goodwill for impairment. Under the revised guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of a reporting unit. If entities determine, on the basis of qualitative factors, that it is more likely than not that the fair value of the reporting unit is below the carrying amount, the two-step impairment test would be required. The ASU does not change how goodwill is calculated or assigned to reporting units and it does not revise the requirement to test goodwill annually for impairment. The amendments in this ASU are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. We adopted this guidance as of October 1, 2011. The adoption of ASU 2011-08 will not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income" ("ASU 2011-05"). ASU 2011-05 requires entities to report components of comprehensive income in either a continuous statement of other comprehensive income ("OCI") or two separate but consecutive statements. The ASU does not change the items that must be reported in OCI and does not require any incremental disclosures. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2011 and must be applied retrospectively for all periods presented in the

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 2—SIGNIFICANT ACCOUNTING POLICIES (Continued)

financial statements. Early adoption is permitted. While the guidance will impact the presentation within our financial statements, we do not anticipate the adoption of this guidance will have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

In May 2011, the FASB issued ASU 2011-04, "Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards ("IFRS")" ("ASU 2011-04"). ASU 2011-04 provides a consistent definition of fair value to ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS and provides clarification about the application of existing fair value measurement and disclosure requirements. The ASU also expands certain other disclosure requirements, particularly pertaining to Level 3 fair value measurements. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2011 and will be applied prospectively. Early application is not permitted. We are currently assessing the future impact, if any, of this new accounting update to our consolidated financial statements.

Adopted Accounting Pronouncements

In April 2011, the FASB issued ASU 2011-02, "A Creditor's Determination of Whether Restructuring Is a Troubled Debt Restructuring" ("ASU 2011-02"). ASU 2011-02 provides additional guidance to creditors for evaluating whether a modification or restructuring of a receivable is a troubled debt restructuring. Specifically, creditors are required to consider whether the debtor is experiencing financial difficulties or whether the creditor has granted a concession. This guidance was effective for us for the first interim period beginning on or after June 15, 2011. We are required to apply this ASU retrospectively for all modifications and restructuring activities that have occurred from January 1, 2011. We adopted this guidance as of July 1, 2011. The adoption of ASU 2011-02 as of July 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

In December 2010, the FASB issued ASU 2010-29, "Disclosure of Supplementary Pro Forma Information for Business Combinations" ("ASU 2010-29"). ASU 2010-29 requires public entities that present comparative financial statements to disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the year had occurred as of the beginning of the comparable prior annual reporting period only. The ASU also expands the supplemental pro forma disclosures under Topic 805 to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The ASU is effective prospectively for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2010, with early adoption permitted. We adopted this guidance as of January 1, 2011. The adoption of ASU 2010-29 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

In July 2010, the FASB issued ASU 2010-20, "Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses" ("ASU 2010-20"). ASU 2010-20 requires enhanced disclosures about the credit quality of financing receivables and the allowance for credit losses. These enhanced disclosures include, but are not limited to, a greater level of disaggregated and qualitative information about the credit quality of their financing receivables and their allowances for credit losses.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 2—SIGNIFICANT ACCOUNTING POLICIES (Continued)

As of December 31, 2010, we adopted the required disclosures, which was effective for interim and annual reporting periods ending on or after December 15, 2010. As of January 1, 2011, we adopted the required disclosures about activity that occurs during a reporting period, which is effective for interim and annual reporting periods beginning on or after December 15, 2010. The full adoption of ASU 2010-20 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

In January 2010, the FASB issued ASU 2010-06, "Improving Disclosures About Fair Value Measurements," (amendments to ASC Topic 820, "Fair Value Measurements and Disclosures") ("ASU 2010-06") which requires reporting entities to make new disclosures about recurring or nonrecurring fair-value measurements including significant transfers into and out of Level 1 and Level 2 fair-value measurements and information on purchases, sales, issuances, and settlements on a gross basis in the reconciliation of Level 3 fair value measurements. The ASU also clarifies existing fair value disclosures about the level of disaggregation and about inputs and valuation techniques used to measure fair value. As of January 1, 2010, we adopted the requisite disclosures regarding significant transfers between Level 1 and 2 fair value measurements, which was effective for annual reporting periods beginning after December 15, 2009. As of January 1, 2011, we adopted the required Level 3 reconciliation disclosures which were effective for annual periods beginning after December 15, 2010. The full adoption of ASU 2010-06 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

In October 2009, the FASB issued ASU 2009-13, "Multiple-Deliverable Revenue Arrangements," (amendments to ASC Topic 605, "Revenue Recognition") ("ASU 2009-13"). ASU 2009-13 updates the existing multiple-element revenue arrangements guidance included under ASC 605-25. The revised guidance modifies the criteria for recognizing revenue in multiple element arrangements and expands the disclosure requirements for revenue recognition. ASU 2009-13 is effective for the first annual reporting period beginning on or after June 15, 2010, with early adoption permitted provided that the revised guidance is retroactively applied to the beginning of the year of adoption. We prospectively adopted this guidance as of January 1, 2011. The adoption of ASU 2009-13 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures and is not expected to have a material effect in future periods based on multiple-element arrangements in effect at adoption. Additionally, as of January 1, 2011, the prospective adoption of this guidance did not result in any change in the units of accounting, the allocation of consideration to those units of accounting, or the pattern and timing of revenue recognition of our current multiple-element arrangements.

NOTE 3—GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 3—GOODWILL AND OTHER INTANGIBLE ASSETS (Continued)

assets might be impaired. If the carrying amount of a reporting unit's goodwill exceeds its implied fair value, an impairment loss equal to the excess is recorded. If the carrying amount of an indefinite-lived intangible asset exceeds its estimated fair value, an impairment loss equal to the excess is recorded.

As of October 1, 2010, we reviewed the carrying value of goodwill and other intangible assets of each of our reporting units. As of October 1, 2010, the Membership and Exchange and Management and Rental reporting units' goodwill was $474.7 million and $5.2 million, respectively. We performed the first step of the impairment test on both our reporting units and concluded that each reporting unit's fair value exceeded its carrying value and, therefore, the second step of the impairment test was not necessary.

From the date of our last impairment test, October 1, 2010, through September 30, 2011, we did not identify any triggering events that would more likely than not reduce the fair value of either of our reporting units below its carrying value which would have required an interim impairment test.

The balance of goodwill and other intangible assets, net is as follows (in thousands):

		September 30, 2011		December 31, 2010

Goodwill		$	488,027	$	488,027
Other intangible assets with indefinite lives			37,616		37,616
Intangible assets with definite lives, net			68,006		82,854

	Total goodwill and other intangible assets, net	$	593,649	$	608,497

There were no changes in the carrying amount of goodwill for the nine months ended September 30, 2011. Goodwill related to the Membership and Exchange and Management and Rental segments (each a reporting unit) was $480.6 million and $7.4 million as of September 30, 2011 and December 31, 2010, respectively.

Other Intangible Assets

Intangible assets with indefinite lives relate principally to tradenames and trademarks. At September 30, 2011, intangible assets with definite lives relate to the following (in thousands):

		Cost		Accumulated Amortization			Net

Customer relationships		$	129,500	$	(116,833	)	$	12,667
Purchase agreements			75,879		(66,706	)		9,173
Resort management contracts			53,766		(14,603	)		39,163
Technology			24,726		(24,657	)		69
Other			17,427		(10,493	)		6,934

	Total	$	301,298	$	(233,292	)	$	68,006

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 3—GOODWILL AND OTHER INTANGIBLE ASSETS (Continued)

At December 31, 2010, intangible assets with definite lives relate to the following (in thousands):

		Cost		Accumulated Amortization			Net

Customer relationships		$	129,500	$	(107,116	)	$	22,384
Purchase agreements			75,879		(60,835	)		15,044
Resort management contracts			48,166		(11,738	)		36,428
Technology			24,726		(24,633	)		93
Other			17,427		(8,522	)		8,905

	Total	$	295,698	$	(212,844	)	$	82,854

Amortization of intangible assets with definite lives is computed primarily on a straight-line basis. Total amortization expense for intangible assets with definite lives was $6.8 million and $6.6 million for the three months ended September 30, 2011 and 2010, respectively, and $20.4 million and $19.7 million for the nine months ended September 30, 2011 and 2010, respectively. Based on December 31, 2010 balances, such amortization for the next five years and thereafter is estimated to be as follows (in thousands):

Years Ending December 31,

2011	$	27,184
2012		20,828
2013		5,447
2014		5,291
2015		5,183
2016 and thereafter		18,921

	$	82,854

NOTE 4—PROPERTY AND EQUIPMENT

Property and equipment, net is as follows (in thousands):

		September 30, 2011			December 31, 2010

Computer equipment		$	19,155		$	18,189
Capitalized software			72,359			67,054
Buildings and leasehold improvements			21,328			21,222
Furniture and other equipment			11,585			11,088
Projects in progress			2,913			1,128

			127,340			118,681
Less: accumulated depreciation and amortization			(76,562	)		(67,781	)

	Total property and equipment, net	$	50,778		$	50,900

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 5—LONG-TERM DEBT

Long-term debt is as follows (in thousands):

		September 30, 2011		December 31, 2010

9.5% Interval Senior Notes, net of unamortized discount of $16,564 and $18,424, respectively		$	283,436	$	281,576
Term loan (interest rate of 2.74% at September 30, 2011 and 2.76% at December 31, 2010)			61,000		76,000
Revolving credit facility			—		—

Total debt			344,436		357,576
Less: current maturities			—		—

	Total long-term debt, net of current maturities	$	344,436	$	357,576

9.5% Interval Senior Notes

In connection with the spin-off of ILG from IAC/InterActiveCorp ("IAC"), on July 17, 2008, Interval Acquisition Corp., a subsidiary of ILG, ("Issuer") agreed to issue $300.0 million of aggregate principal amount of 9.5% Senior Notes due 2016 ("Interval Senior Notes") to IAC, and IAC agreed to exchange such Interval Senior Notes for certain of IAC's 7% senior unsecured notes due 2013 pursuant to a notes exchange and consent agreement. The issuance occurred on August 19, 2008 with original issue discount of $23.5 million, based on the difference between the interest rate on the notes and the effective interest rate that would have been payable on the notes if issued in a market transaction based on market conditions existing on July 17, 2008, the date of pricing, estimated to be 11%. The exchange occurred on August 20, 2008. Interest on the Interval Senior Notes is payable semi-annually in cash in arrears on September 1 and March 1 of each year. The Interval Senior Notes are guaranteed by all entities that are domestic subsidiaries of the Issuer and by ILG.

The Interval Senior Notes are redeemable by the Issuer in whole or in part, on or after September 1, 2012, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest. In addition, in the event of a change of control (as defined in the indenture), the Issuer is obligated to make an offer to all holders to purchase the Interval Senior Notes at a price equal to 101% of the face amount. The change of control put option is a derivative that, upon adoption of ASU 2010-08, is not required to be bifurcated from the host instrument. Prior to the adoption of ASU 2010-08, this derivative was not bifurcated as the value of the derivative was not material to our financial position and results of operations. Subject to specified exceptions, the Issuer is required to make an offer to purchase Interval Senior Notes at a price equal to 100% of the face amount, in the event the Issuer or its restricted subsidiaries complete one or more asset sales and more than $25.0 million of the aggregate net proceeds are not invested (or committed to be invested) in the business or used to repay senior debt within one year after receipt of such proceeds. The original issue discount is being amortized to "Interest expense" using the effective interest method through maturity.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 5—LONG-TERM DEBT (Continued)

Senior Secured Credit Facility

In connection with the spin-off of ILG, on July 25, 2008, the Issuer entered into a senior secured credit facility with a maturity of five years, which consists of a $150.0 million term loan (the "Term Loan"), of which $61.0 million is outstanding at September 30, 2011, and a $50.0 million revolving credit facility.

As of September 30, 2011, the remaining principal amount of the Term Loan is payable quarterly through July 25, 2013 ($4.3 million for the fourth quarter of fiscal year 2012 and approximately $18.9 million quarterly thereafter). During 2010, we paid $40.0 million of principal payments on the Term Loan, which included voluntary prepayments of scheduled principal payments through December 31, 2011 and $18.3 million applied pro rata to the remaining scheduled principal payments. During the first nine months of 2011, we paid a total of $15.0 million of principal payments on the term loan which included a voluntary prepayment of the March 31, 2012, June 30, 2012 and September 30, 2012 scheduled principal payments and $2.0 million which was applied pro rata to the remaining scheduled principal payments. Any principal amounts outstanding under the revolving credit facility are due at maturity. The interest rates per annum applicable to loans under the senior secured credit facility are, at the Issuer's option, equal to either a base rate or a LIBOR rate plus an applicable margin, which varies with the total leverage ratio of the Issuer. As of September 30, 2011, the applicable margin was 2.50% per annum for LIBOR term loans, 2.00% per annum for LIBOR revolving loans, 1.50% per annum for base rate term loans and 1.00% per annum for base rate revolving loans. The revolving credit facility has a facility fee of 0.50% per annum.

We have a letter of credit sublimit as part of our revolving credit facility. The amount available to be borrowed under the revolving credit facility is reduced on a dollar-for-dollar basis by the cumulative amount of any outstanding letters of credit, which totaled $20,000 at September 30, 2011, leaving $50.0 million of borrowing capacity at September 30, 2011. There have been no borrowings under the revolving credit facility through September 30, 2011.

All obligations under the senior secured credit facilities are unconditionally guaranteed by ILG and each of the Issuer's existing and future direct and indirect domestic subsidiaries, subject to certain exceptions, and are secured by substantially all their assets. The secured credit facility ranks prior to the Interval Senior Notes to the extent of the value of the assets that secure it.

Restrictions and Covenants

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 5—LONG-TERM DEBT (Continued)

(3.65 from January 1, 2010 through December 31, 2010 and 3.40 thereafter), and a minimum consolidated interest coverage ratio of consolidated EBITDA over consolidated interest expense, as defined in the credit agreement (3.00 from January 1, 2010 and thereafter). In addition, we may be required to use a portion of our consolidated excess cash flow (as defined in the credit agreement) to prepay the senior secured credit facility based on our consolidated leverage ratio at the end of each fiscal year. If our consolidated leverage ratio equals or exceeds 3.5, we must prepay 50% of consolidated excess cash flow, if our consolidated leverage ratio equals or exceeds 2.85 but is less than 3.5, we must prepay 25% of consolidated excess cash flow, and if our consolidated leverage ratio is less than 2.85, then no prepayment is required. As of September 30, 2011, ILG was in compliance in all material respects with the requirements of all applicable financial and operating covenants and our consolidated leverage ratio and consolidated interest coverage ratio under the credit agreement were 2.44 and 4.52, respectively.

Debt Issuance Costs

As of September 30, 2011 and December 31, 2010, total unamortized debt issue costs were $5.9 million, net of $7.5 million of accumulated amortization and $7.3 million, net of $6.2 million of accumulated amortization, respectively, which was included in "Other non-current assets." Debt issuance costs are amortized to "Interest expense" through maturity of the related debt using the effective interest method.

NOTE 6—FAIR VALUE MEASUREMENTS

In accordance with ASC Topic 820, "Fair Value Measurements and Disclosures," ("ASC 820") the fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:

Level 1—Observable inputs that reflect quoted prices in active markets

Level 2—Inputs other than quoted prices in active markets that are either directly or indirectly observable

Level 3—Unobservable inputs in which little or no market data exists, therefore requiring the company to develop its own assumptions

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 6—FAIR VALUE MEASUREMENTS (Continued)

due to revisions to the estimated earnings used in our calculation of the fair value of the contingent consideration and $0.3 million is due to the accretion of interest on the fair value of the contingent consideration which was discounted to its net present value. The revisions to estimated earnings were primarily to reflect actual and updated forecast results in the calculation of the fair value of the contingent consideration.

Of this total contingent consideration, $1.5 million is included in other short-term liabilities and $2.7 million is included in other long-term liabilities in our consolidated balance sheet as of September 30, 2011. Changes in the fair value of the contingent consideration resulting from events after the acquisition date are recognized in earnings in our consolidated statements of income, and may result from changes in discount periods and rates and changes in the timing and amount of financial estimates.

As of September 30, 2011, there have been no transfers of inputs used in measuring fair value between the three-tier fair value hierarchy since December 31, 2010.

Fair Value of Financial Instruments

The estimated fair value of financial instruments below has been determined using available market information and appropriate valuation methodologies, as applicable. There have been no changes in the methods and significant assumptions used to estimate the fair value of financial instruments during the three and nine months ended September 30, 2011.

	September 30, 2011						December 31, 2010

	Carrying Amount			Fair Value			Carrying Amount			Fair Value
	(In thousands)
Cash and cash equivalents	$	190,952		$	190,952		$	180,502		$	180,502
Restricted cash and cash equivalents		3,108			3,108			4,118			4,118
Loans receivable		16,150			16,150			—			—
Total debt		(344,436	)		(380,125	)		(357,576	)		(403,000	)
Guarantees, surety bonds and letters of credit		N/A			(17,288	)		N/A			(21,238	)

The carrying amounts of cash and cash equivalents and restricted cash and cash equivalents reflected in the accompanying consolidated balance sheets approximate fair value as they are redeemable at par upon notice or maintained with various high-quality financial institutions and have original maturities of three months or less. Under the fair value hierarchy established in ASC 820, cash and cash equivalents and restricted cash and cash equivalents are stated at fair value based on quoted prices in active markets for identical assets.

The loans receivable pertains to secured loans issued in the second quarter of 2011 to third parties. These loans mature in 2014, with interest payable monthly at a rate comparable to market rate. These receivables are recorded at the time of origination for the principal amount financed and are carried at amortized cost, net of any allowance for credit losses, which approximates fair value using inputs such as interest rates and credit risk as of September 30, 2011, which in part are unobservable. The loans receivable balances are grouped and presented within other non-current assets in our

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 6—FAIR VALUE MEASUREMENTS (Continued)

consolidated balance sheet as of September 30, 2011. Interest income associated with the loans is recognized in the interest income line item in our consolidated statements of income.

Borrowings under our Interval Senior Notes and term loan are carried at historical cost and adjusted for amortization of the discount on our Interval Senior Notes and principal payments. The fair value of our Interval Senior Notes was estimated at September 30, 2011 and December 31, 2010 using an input of quoted prices from an inactive market due to the infrequency at which trades occur on our Interval Senior Notes. The fair value of our term loan was estimated at September 30, 2011 and December 31, 2010 using inputs such as interest rates and credit risk.

The guarantees, surety bonds, and letters of credit represent liabilities that are carried on our balance sheet only when a future related contingent event becomes probable and reasonably estimable. These commitments are in place to facilitate our commercial operations.

NOTE 7—STOCKHOLDERS' EQUITY

ILG has 300 million authorized shares of common stock, par value of $.01 per share. At September 30, 2011, there were 57.7 million shares of ILG common stock issued, of which 56.1 million are outstanding with 1.6 million shares held as treasury stock.

ILG has 25 million authorized shares of preferred stock, par value $.01 per share, none of which are issued or outstanding as of September 30, 2011. The Board of Directors has the authority to issue the preferred stock in one or more series and to establish the rights, preferences, and dividends.

Stockholder Rights Plan

In June 2009, ILG's Board of Directors approved the creation of a Series A Junior Participating Preferred Stock, adopted a stockholders rights plan and declared a dividend of one right for each outstanding share of common stock held by our stockholders of record as of the close of business on June 22, 2009. The rights attach to any additional shares of common stock issued after June 22, 2009. These rights, which trade with the shares of our common stock, currently are not exercisable. Under the rights plan, these rights will be exercisable if a person or group acquires or commences a tender or exchange offer for 15% or more of our common stock. The rights plan provides certain exceptions for acquisitions by Liberty Media Corporation in accordance with an agreement entered into with ILG in connection with its spin-off from IAC. If the rights become exercisable, each right will permit its holder, other than the "acquiring person," to purchase from us shares of common stock at a 50% discount to the then prevailing market price. As a result, the rights will cause substantial dilution to a person or group that becomes an "acquiring person" on terms not approved by our Board of Directors.

Share Repurchase Program

Effective August 3, 2011, ILG's Board of Directors authorized a share repurchase program for up to $25.0 million, excluding commissions, of our outstanding common stock. Acquired shares of our common stock are held as treasury shares carried at cost on our consolidated financial statements. Common stock repurchases may be conducted in the open market or in privately negotiated transactions. The amount and timing of all repurchase transactions are contingent upon market

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 7—STOCKHOLDERS' EQUITY (Continued)

conditions, applicable legal requirements and other factors. This program may be modified, suspended or terminated by us at any time without notice.

During the three months ended September 30, 2011, we repurchased 1.6 million shares of common stock at a cost, including commissions, of $19.3 million under this repurchase program. As of September 30, 2011, the remaining availability for future repurchases of our common stock was $5.8 million.

NOTE 8—BENEFIT PLANS

Under a retirement savings plan sponsored by ILG, qualified under Section 401(k) of the Internal Revenue Code, participating employees may contribute up to 50.0% of their pre-tax earnings, but not more than statutory limits. ILG provides a discretionary match under the ILG plan of fifty cents for each dollar a participant contributed into the plan with a maximum contribution of 3% of a participant's eligible earnings, subject to IRS restrictions. On March 1, 2011, we reinstated the matching contributions under the 401(k) plan which had been suspended since March 1, 2009. Matching contributions for the ILG plan were approximately $0.2 million and $0.7 million for the three and nine months ended September 30, 2011, respectively. Matching contributions were invested in the same manner as each participant's voluntary contributions in the investment options provided under the plan.

Effective August 20, 2008, a deferred compensation plan (the "Director Plan") was established to provide non-employee directors of ILG an option to defer director fees on a tax-deferred basis. Participants in the Director Plan are allowed to defer a portion or all of their compensation and are 100% vested in their respective deferrals and earnings. With respect to director fees earned for services performed after the date of such election, participants may choose from receiving cash or stock at the end of the deferral period. ILG has reserved 100,000 shares of common stock for issuance pursuant to this plan, of which 29,003 share units were outstanding at September 30, 2011. ILG does not provide matching or discretionary contributions to participants in the Director Plan. Any deferred compensation elected to be received in stock is included in diluted earnings per share.

NOTE 9—STOCK-BASED COMPENSATION

RSUs are awards in the form of phantom shares or units, denominated in a hypothetical equivalent number of shares of ILG common stock and with the value of each award equal to the fair value of ILG common stock at the date of grant. All outstanding award agreements provide for settlement, upon vesting, in stock for U.S. employees. For non-U.S. employees, all grants issued prior to the spin-off provide for settlement upon vesting in cash, while grants since the spin-off provide for settlement upon vesting in stock. Each RSU is subject to service-based vesting, where a specific period of continued employment must pass before an award vests. Certain RSUs, in addition, are subject to attaining specific performance criteria. ILG recognizes non-cash compensation expense for all RSUs held by ILG's employees (including RSUs for stock of IAC or the other spun-off companies held by ILG employees) for which vesting is considered probable. For RSUs to be settled in stock, the accounting charge is measured at the grant date as the fair value of ILG common stock and expensed as non-cash compensation over the vesting term using the straight-line basis for service awards and the accelerated basis for performance-based awards with graded vesting. The expense associated with RSU

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 9—STOCK-BASED COMPENSATION (Continued)

awards (including RSUs for stock of IAC or the other spun-off companies) to be settled in cash is initially measured at fair value at the grant date and expensed ratably over the vesting term, recording a liability subject to mark-to-market adjustments for changes in the price of the respective common stock, as compensation expense within general and administrative expense.

On August 20, 2008, ILG established the ILG 2008 Stock and Annual Incentive Plan (the "2008 Incentive Plan") which provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, and other stock-based awards. In connection with the spin-off, certain prior awards under IAC's plans were adjusted to convert, in whole or in part, to awards under the 2008 Incentive Plan under which RSUs and options relating to 2.9 million shares of common stock were issued. At the time of the spin-off, an additional 5.0 million shares of common stock were reserved for issuance under the 2008 Incentive Plan. As of September 30, 2011, ILG has 2.1 million remaining shares available for future issuance under this plan.

On March 2, 2011 and 2010, the Compensation Committee granted approximately 378,000 and 460,000 RSUs, respectively, vesting over three to four years, to certain officers and employees of ILG and its subsidiaries. Of these RSUs granted in 2011 and 2010, approximately 50,000 and 64,000, respectively, cliff vest in three years and are subject to performance criteria that could result between 0% and 200% of these awards being earned based on EBITDA targets.

Non-cash compensation expense related to RSUs for the three months ended September 30, 2011 and 2010 was $2.9 million and $2.6 million, respectively. For the nine months ended September 30, 2011 and 2010, non-cash compensation expense related to RSUs was $8.8 million and $7.6 million, respectively. At September 30, 2011, there was approximately $16.4 million of unrecognized compensation cost, net of estimated forfeitures, related to RSUs, which is currently expected to be recognized over a weighted average period of approximately 1.6 years.

The amount of stock-based compensation expense recognized in the consolidated statements of income is reduced by estimated forfeitures, as the amount recorded is based on awards ultimately expected to vest. The forfeiture rate is estimated at the grant date based on historical experience and revised, if necessary, in subsequent periods for any changes to the estimated forfeiture rate from that previously estimated. For any vesting tranche of an award, the cumulative amount of compensation cost recognized is at least equal to the portion of the grant-date value of the award tranche that is actually vested at that date.

Non-cash stock-based compensation expense related to equity awards is included in the following line items in the accompanying consolidated statements of income for the three and nine months ended September 30, 2011 and 2010 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,

	2011		2010		2011		2010
Cost of sales	$	121	$	115	$	416	$	341
Selling and marketing expense		195		163		647		471
General and administrative expense		2,618		2,315		7,777		6,826

Non-cash compensation expense	$	2,934	$	2,593	$	8,840	$	7,638

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 9—STOCK-BASED COMPENSATION (Continued)

The following table summarizes RSU activity during the nine months ended September 30, 2011:

	Shares			Weighted- Average Grant Date Fair Value

	(In thousands)
Non-vested RSUs at January 1		2,510		$	12.04
Granted		431			16.22
Vested		(817	)		13.66
Forfeited		(24	)		14.50

Non-vested RSUs at September 30		2,100		$	12.24

In connection with the acquisition of Aston by ILG in 2007, a member of Aston's management was granted non-voting restricted common equity in Aston. This award was granted on May 31, 2007 and was initially measured at fair value, which is being amortized over the vesting period. This award vests ratably over four and a half years, or earlier based upon the occurrence of certain prescribed events. These shares are subject to a put right by the holder and a call right by ILG, which are not exercisable until the first quarter of 2013 and annually thereafter. The value of these shares upon exercise of the put or call is equal to their fair market value, determined by negotiation or arbitration, reduced by the accreted value of the preferred interest that was taken by ILG upon the purchase of Aston. The initial value of the preferred interest was equal to the acquisition price of Aston. The preferred interest accretes at a 10% annual rate. Upon exercise of the put or call, the consideration payable can be denominated in ILG shares, cash or a combination thereof at ILG's option. An additional put right by the holder and call right by ILG would require, upon exercise, the purchase of these non-voting common shares by ILG immediately prior to a registered public offering by Aston, at the public offering price. The unrecognized compensation cost related to this equity award was approximately $18,000 and $100,000 at September 30, 2011 and December 31, 2010, respectively.

NOTE 10—INCOME TAXES

ILG calculates its interim income tax provision in accordance with ASC 740. At the end of each interim period, ILG makes its best estimate of the annual expected effective tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax or benefit related to significant, unusual, or extraordinary items that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effect of a change in enacted tax laws or rates, tax status, or judgment on the realizability of a beginning-of-the-year deferred tax asset in future years is recognized in the interim period in which the change occurs.

The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year, projections of the proportion of income (or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, additional information is obtained or ILG's tax environment

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 10—INCOME TAXES (Continued)

changes. To the extent that the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.

A valuation allowance for deferred tax assets is provided when it is more likely than not that certain deferred tax assets will not be realized. Realization is dependent upon the generation of future taxable income or the reversal of deferred tax liabilities during the periods in which those temporary differences become deductible. We consider the history of taxable income in recent years, the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies to make this assessment.

For the three and nine months ended September 30, 2011, ILG recorded an income tax provision for continuing operations of $8.0 million and $20.9 million, respectively, which represents effective tax rates of 41.1% and 39.4% for the respective periods. These tax rates are higher than the federal statutory rate of 35% due principally to state and local income taxes partially offset by foreign income taxed at lower rates. During the nine months ended September 30, 2011, the effective tax rate increased due to other income tax items, the most significant related to the effect of changes in tax laws in the U.K., as discussed further below, that were enacted during the third quarter of 2011.

For the three and nine months ended September 30, 2010, ILG recorded an income tax provision for continuing operations of $6.0 million and $22.7 million, respectively, which represents effective tax rates of 39.4% and 38.7% for the respective periods. These tax rates are higher than the federal statutory rate of 35% due principally to state and local income taxes partially offset by foreign income taxed at lower rates.

As of September 30, 2011 and December 31, 2010, ILG had unrecognized tax benefits of $0.9 million and $1.0 million, respectively. There were no material increases or decreases in unrecognized tax benefits for the three months ended September 30, 2011. During the nine months ended September 30, 2011, the unrecognized tax benefits decreased by approximately $0.1 million during the first quarter of 2011 as a result of the expiration of the statute of limitations related to foreign taxes. ILG recognizes interest and, if applicable, penalties related to unrecognized tax benefits in income tax expense. There were no material accruals for interest for the three and nine months ended September 30, 2011. During the nine months ended September 30, 2011, interest and penalties decreased by approximately $0.1 million during the first quarter of 2011 as a result of the expiration of the statute of limitations related to foreign taxes. As of September 30, 2011, ILG had accrued $0.8 million for interest and penalties.

ILG believes that it is reasonably possible that its unrecognized tax benefits could decrease by approximately $0.1 million within twelve months of the current reporting date due primarily to the expiration of the statute of limitations related to foreign taxes. An estimate of other changes in unrecognized tax benefits cannot be made, but is not expected to be significant.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 10—INCOME TAXES (Continued)

and the amounts owed by ILG are recorded in the period they become known. Under the Tax Sharing Agreement, IAC indemnifies ILG for all consolidated tax liabilities and related interest and penalties for the pre-spin period.

The Internal Revenue Service ("IRS") has completed its review of IAC's consolidated tax returns for the years ended December 31, 2001 through 2006, which includes our operations from September 24, 2002, our date of acquisition by IAC. The settlement has not yet been submitted to the Joint Committee of Taxation for approval. In July 2011, the IRS began its review of IAC's consolidated tax returns for the years ended December 31, 2007 through 2009, which also includes our operations until the time of the spin-off in August 2008. The statute of limitations for the years 2001 through 2007 have currently been extended to December 31, 2012. Various IAC consolidated tax returns that include our operations, filed with state and local jurisdictions, are currently under examination, the most significant of which are California, New York and New York City for various tax years beginning with December 31, 2003. The IRS is also currently examining ILG's Federal consolidated tax return for the short period following the spin-off and ended December 31, 2008. This examination is expected to be completed prior to the expiration of the statute of limitations in 2012. Additionally, ILG received a notice from the State of Florida that the consolidated state tax return for the short period following the spin-off and ended December 31, 2008 as well as for the tax year ended December 31, 2009, will be examined. The Florida statute of limitations for the short period following the spin-off and ended December 31, 2008 and for the tax year ended December 31, 2009 has been extended to 2013 and 2014, respectively.

During 2010, the U.K. Finance Act of 2010 was enacted, which reduced the U.K. corporate income tax rate from 28% to 27%, effective April 1, 2011. The impact of this 2010 U.K. rate reduction to ILG's effective tax rate was reflected in the third quarter of 2010, the reporting period when the law was enacted. During the third quarter 2011, the U.K. Finance Act of 2011 was enacted, which further reduced the U.K. corporate income tax rate to 26%, effective April 1, 2011 and 25%, effective April 1, 2012. The impact of the U.K. rate reduction to 26% and 25% has been reflected in the current reporting period. It reduced our U.K. net deferred tax asset and increased income tax expense by $0.4 million. The change in the corporate tax rate initially negatively impacts income tax expense as the future benefit expected to be realized from our U.K. net deferred tax assets decreases; however, going forward, the lower corporate tax rate will decrease income tax expense and favorably impact our effective tax rate.

Tax Sharing Agreement

In connection with the spin-off, we entered into a Tax Sharing Agreement with members of the IAC group that were spun-off. As of September 21, 2010, various restrictions under the Tax Sharing Agreement lapsed.

NOTE 11—SEGMENT INFORMATION

The overall concept that ILG employs in determining its operating segments and related financial information is to present them in a manner consistent with how the chief operating decision maker views the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of products or services offered or the target market. ILG consists

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 11—SEGMENT INFORMATION (Continued)

of two operating segments which are also reportable segments. Membership and Exchange, our principal business segment, offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Management and Rental, our other business segment, provides hotel, condominium resort, timeshare resort and homeowners association management, and vacation rental services to both vacationers and vacation property owners.

Information on reportable segments and reconciliation to consolidated operating income is as follows (in thousands):

			Three Months Ended September 30,				Nine Months Ended September 30,

			2011		2010		2011			2010
Membership and Exchange
	Revenue		$	86,222	$	83,649	$	270,001		$	268,372
	Cost of sales			19,565		18,165		63,027			59,099

	Gross profit			66,657		65,484		206,974			209,273
	Selling and marketing expense			12,421		11,781		38,580			36,878
	General and administrative expense			20,667		21,546		64,535			62,063
	Amortization expense of intangibles			5,420		5,257		16,269			15,771
	Depreciation expense			3,097		2,426		9,286			7,069

		Segment operating income	$	25,052	$	24,474	$	78,304		$	87,492

Management and Rental
	Management fee revenue		$	8,484	$	6,071	$	24,229		$	16,389
	Pass-through revenue			12,007		10,768		35,020			31,167

		Total revenue		20,491	$	16,839		59,249		$	47,556
	Cost of sales			15,143		13,010		44,537			37,779

	Gross profit			5,348		3,829		14,712			9,777
	Selling and marketing expense			920		752		2,635			2,311
	General and administrative expense			2,589		1,256		7,196			3,960
	Amortization expense of intangibles			1,410		1,318		4,179			3,954
	Depreciation expense			222		218		720			624

		Segment operating income (loss)	$	207	$	285	$	(18	)	$	(1,072	)

Consolidated
	Revenue		$	106,713	$	100,488	$	329,250		$	315,928
	Cost of sales			34,708		31,175		107,564			96,878

	Gross profit			72,005		69,313		221,686			219,050
	Direct segment operating expenses			46,746		44,554		143,400			132,630

	Operating income		$	25,259	$	24,759	$	78,286		$	86,420

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 11—SEGMENT INFORMATION (Continued)

ILG maintains operations in the United States and other international territories, primarily the United Kingdom. Geographic information on revenue, which is based on sourcing, and long-lived assets, which are based on physical location, is presented below (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,

		2011		2010		2011		2010
Revenue:
	United States	$	90,658	$	85,091	$	277,772	$	266,307
	All other countries		16,055		15,397		51,478		49,621

	Total	$	106,713	$	100,488	$	329,250	$	315,928

		September 30, 2011		December 31, 2010

Long-lived assets, net (excluding goodwill and other intangible assets):
	United States	$	48,568	$	49,663
	All other countries		2,210		1,237

	Total	$	50,778	$	50,900

NOTE 12—COMPREHENSIVE INCOME

Comprehensive income is comprised of the following (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,

	2011			2010		2011			2010
Net income attributable to common stockholders	$	11,434		$	9,292	$	32,131		$	36,025
Foreign currency translation		(3,567	)		2,270		(930	)		1,468

Comprehensive income	$	7,867		$	11,562	$	31,201		$	37,493

Accumulated other comprehensive income (loss) is solely related to foreign currency translation. Only the accumulated other comprehensive income (loss) exchange rate adjustment related to Venezuela is tax effected, as required by FASB guidance codified in ASC Topic 740, since the earnings in Venezuela are not indefinitely reinvested in that jurisdiction.

NOTE 13—COMMITMENTS AND CONTINGENCIES

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 13—COMMITMENTS AND CONTINGENCIES (Continued)

management currently believes that an unfavorable resolution of claims against ILG, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of ILG, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. ILG also evaluates other contingent matters, including tax contingencies, to assess the probability and estimated extent of potential loss. See Note 10 for a discussion of income tax contingencies.

ILG has funding commitments that could potentially require its performance in the event of demands by third parties or contingent events. At September 30, 2011, guarantees, surety bonds and letters of credit totaled $17.3 million, with the highest annual amount of $6.6 million occurring in year one. Guarantees represent $14.9 million of this total and primarily relate to the Management and Rental segment's hotel and resort management agreements of Aston, including those with guaranteed dollar amounts, and accommodation leases supporting the management activities of Aston, entered into on behalf of the property owners for which either party may terminate such leases upon 60 days prior written notice to the other. In addition, certain of the Management and Rental segment's hotel and resort management agreements of Aston provide that owners receive specified percentages of the revenue generated under its management. In these cases, the operating expenses for the rental operations are paid from the revenue generated by the rentals, the owners are then paid their contractual percentages, and the Management and Rental segment either retains the balance (if any) as its management fee or makes up the deficit. Although such deficits are reasonably possible in a few of these agreements, as of September 30, 2011, amounts are not expected to be significant, individually or in the aggregate.

The purchase obligations primarily relate to future guaranteed purchases of rental inventory, operational support services and membership fulfillment benefits. Aston also enters into agreements, as principal, for services purchased on behalf of property owners for which it is subsequently reimbursed. As such, Aston is the primary obligor and may be liable for unreimbursed costs. As of September 30, 2011, amounts pending reimbursements are not significant.

European Union Value Added Tax Matter

In 2009, the European Court of Justice issued a judgment related to Value Added Tax ("VAT") in Europe against an unrelated party. The judgment affects companies who transact within the European Union ("EU"), specifically providers of vacation interest exchange services, and altered the manner in which the Membership and Exchange segment accounts for VAT on its revenues as well as to which EU country VAT is owed. As of September 30, 2011 and December 31, 2010, ILG had an accrual of $4.4 million and $5.4 million, respectively, related to this matter. The change in accrual relates to a change in estimate primarily to update the periods for which VAT is due, as well as the effect of foreign currency remeasurements. Because of the uncertainty surrounding the ultimate outcome and settlement of these VAT liabilities, it is reasonably possible that future costs to settle these VAT liabilities may range from $4.4 million up to approximately $6.8 million based on quarter-end exchange rates. ILG believes that the $4.4 million accrual at September 30, 2011 is our best estimate of probable future obligations for the settlement of these VAT liabilities. The difference between the probable and reasonably possible amounts is primarily attributable to the assessment of certain potential penalties.

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION

The Interval Senior Notes are guaranteed by ILG and the domestic subsidiaries of the Issuer. These guarantees are full and unconditional and joint and several.

The following tables present condensed consolidating financial information as of September 30, 2011 and December 31, 2010 and for the three and nine months ended September 30, 2011 and 2010 for ILG on a stand-alone basis, the Issuer on a stand-alone basis, the combined guarantor subsidiaries of ILG (collectively, the "Guarantor Subsidiaries"), the combined non-guarantor subsidiaries of ILG (collectively, the "Non-Guarantor Subsidiaries") and ILG on a consolidated basis (in thousands).

Balance Sheet as of September 30, 2011		ILG		Interval Acquisition Corp.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Total Eliminations			ILG Consolidated

Current assets		$	767	$	83	$	186,297		$	91,099	$	—		$	278,246
Property and equipment, net			651		—		47,915			2,212		—			50,778
Goodwill and intangible assets, net			—		290,158		303,491			—		—			593,649
Investment in subsidiaries			251,542		915,366		57,157			—		(1,224,065	)		—
Other assets			—		3,064		43,653			8,284		—			55,001

	Total assets	$	252,960	$	1,208,671	$	638,513		$	101,595	$	(1,224,065	)	$	977,674

Current liabilities		$	2,221	$	2,619	$	143,974		$	26,589	$	—		$	175,403
Other liabilities			—		342,753		203,566			15,787		—			562,106
Intercompany liabilities (receivables)/equity			10,994		611,757		(624,813	)		2,062		—			—
Redeemable noncontrolling interest			—		—		420			—		—			420
Stockholders' equity			239,745		251,542		915,366			57,157		(1,224,065	)		239,745

Total liabilities and equity		$	252,960	$	1,208,671	$	638,513		$	101,595	$	(1,224,065	)	$	977,674

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)

Balance Sheet as of December 31, 2010		ILG			Interval Acquisition Corp.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Total Eliminations			ILG Consolidated

Current assets		$	321		$	59	$	187,817		$	84,549	$	—		$	272,746
Property and equipment, net			740			—		48,923			1,237		—			50,900
Goodwill and intangible assets, net			—			305,878		302,619			—		—			608,497
Investment in subsidiaries			216,310			832,671		46,987			—		(1,095,968	)		—
Other assets			—			4,435		33,404			8,402		—			46,241

	Total assets	$	217,371		$	1,143,043	$	619,750		$	94,188	$	(1,095,968	)	$	978,384

Current liabilities		$	365		$	9,745	$	141,807		$	27,201	$	—		$	179,118
Other liabilities			—			355,893		204,973			16,769		—			577,635
Intercompany liabilities (receivables)/equity			(4,206	)		561,095		(560,120	)		3,231		—			—
Redeemable noncontrolling interest								419								419
Stockholders' equity			221,212			216,310		832,671			46,987		(1,095,968	)		221,212

	Total liabilities and equity	$	217,371		$	1,143,043	$	619,750		$	94,188	$	(1,095,968	)	$	978,384

Statement of Income for the Three Months Ended September 30, 2011	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	95,292		$	11,421		$	—		$	106,713
Operating expenses		(705	)		(5,240	)		(67,400	)		(8,109	)		—			(81,454	)
Interest income (expense), net		—			(8,755	)		230			196			—			(8,329	)
Other income		11,867			20,464			3,679			2,518			(36,040	)		2,488
Income tax benefit (provision)		272			5,398			(11,334	)		(2,318	)		—			(7,982	)

Net income		11,434			11,867			20,467			3,708			(36,040	)		11,436
Net income attributable to noncontrolling interest		—			—			(2	)		—			—			(2	)

Net income attributable to common stockholders	$	11,434		$	11,867		$	20,465		$	3,708		$	(36,040	)	$	11,434

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)

Statement of Income for the Three Months Ended September 30, 2010	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	89,444		$	11,044		$	—		$	100,488
Operating expenses		(665	)		(5,240	)		(61,436	)		(8,388	)		—			(75,729	)
Interest income (expense), net		—			(9,019	)		330			(38	)		—			(8,727	)
Other income (loss)		9,701			18,459			1,228			(800	)		(29,290	)		(702	)
Income tax benefit (provision)		256			5,501			(11,107	)		(688	)		—			(6,038	)

Net income		9,292			9,701			18,459			1,130			(29,290	)		9,292
Net loss (income) attributable to noncontrolling interest		—			—			—			—			—			—

Net income attributable to common stockholders	$	9,292		$	9,701		$	18,459		$	1,130		$	(29,290	)	$	9,292

Statement of Income for the Nine Months Ended September 30, 2011	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	291,865		$	37,385		$	—		$	329,250
Operating expenses		(2,189	)		(15,720	)		(205,406	)		(27,649	)		—			(250,964	)
Interest income (expense), net		—			(26,337	)		364			(75	)		—			(26,048	)
Other income, net		33,477			59,308			6,313			1,052			(99,392	)		758
Income tax benefit (provision)		843			16,223			(33,827	)		(4,103	)		—			(20,864	)

Net income		32,131			33,474			59,309			6,610			(99,392	)		32,132
Net income attributable to noncontrolling interest		—			—			(1	)		—			—			(1	)

Net income attributable to common stockholders	$	32,131		$	33,474		$	59,308		$	6,610		$	(99,392	)	$	32,131

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)

Statement of Income for the Nine Months Ended September 30, 2010	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	279,442		$	36,486		$	—		$	315,928
Operating expenses		(2,051	)		(15,720	)		(185,856	)		(25,881	)		—			(229,508	)
Interest income (expense), net		—			(27,378	)		797			(127	)		—			(26,708	)
Other income (expense), net		37,285			63,758			5,925			(1,089	)		(106,874	)		(995	)
Income tax benefit (provision)		791			16,625			(36,553	)		(3,558	)		—			(22,695	)

Net income		36,025			37,285			63,755			5,831			(106,874	)		36,022
Net loss attributable to noncontrolling interest		—			—			3			—			—			3

Net income attributable to common stockholders	$	36,025		$	37,285		$	63,758		$	5,831		$	(106,874	)	$	36,025

Statement of Cash Flows for the Nine Months Ended September 30, 2011	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			ILG Consolidated

Cash flows provided by (used in) operating activities	$	(2,321	)	$	(14,072	)	$	84,622		$	8,628		$	76,857
Cash flows provided by (used in) investing activities		22,106			28,616			(79,856	)		(2,532	)		(31,666	)
Cash flows used in financing activities		(19,785	)		(14,544	)		—			—			(34,329	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			(412	)		(412	)
Cash and cash equivalents at beginning of period		—			—			101,339			79,163			180,502

Cash and cash equivalents at end of period	$	—		$	—		$	106,105		$	84,847		$	190,952

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

SEPTEMBER 30, 2011

(Unaudited)

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)

Statement of Cash Flows for the Nine Months Ended September 30, 2010	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		ILG Consolidated

Cash flows provided by (used in) operating activities	$	(1,612	)	$	(14,400	)	$	78,434		$	9,248	$	71,670
Cash flows provided by (used in) investing activities		1,658			44,050			(58,279	)		71		(12,500	)
Cash flows used in financing activities		(46	)		(29,650	)		(1,248	)		—		(30,944	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			811		811
Cash and cash equivalents at beginning of period		—			—			92,265			67,749		160,014

Cash and cash equivalents at end of period	$	—		$	—		$	111,172		$	77,879	$	189,051

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION (Continued)

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

Cautionary Statement Regarding Forward-Looking Information

This quarterly report on Form 10-Q contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "intends," "plans" and "believes," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: our future financial performance, our business prospects and strategy, anticipated financial position, liquidity and capital needs and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict.

Actual results could differ materially from those contained in the forward-looking statements included in this quarterly report for a variety of reasons, including, among others: adverse trends in economic conditions generally or in the vacation ownership, vacation rental and travel industries; adverse changes to, or interruptions in, relationships with third parties; lack of available financing for, or insolvency or consolidation of developers; decreased demand from prospective purchasers of vacation interests; travel related health concerns, such as pandemics; changes in our senior management; regulatory changes; our ability to compete effectively and successfully add new products and services; the effects of our significant indebtedness and our compliance with the terms thereof; adverse events or trends in key vacation destinations; business interruptions in connection with the rearchitecture of our technology systems; and our ability to expand successfully in international markets and manage risks specific to international operations. Certain of these and other risks and uncertainties are discussed in our filings with the SEC, including in Item 1A "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and in Part II of this report. In light of these risks and uncertainties, the forward looking statements discussed in this report may not prove to be accurate. Accordingly, you should not place undue reliance on these forward looking statements, which only reflect the views of our management as of the date of this report. Except as required by applicable law, we do not undertake to update these forward-looking statements.

GENERAL

Management Overview

General Description of our Business

Interval Leisure Group, Inc., or ILG, is a leading global provider of membership and leisure services to the vacation industry. We operate in two business segments: Membership and Exchange and Management and Rental. Our principal business segment, Membership and Exchange, offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Management and Rental, our other business segment, provides hotel, resort and homeowners association management and vacation rental services to both vacationers and vacation property owners.

Membership and Exchange Services

Interval, the principal business comprising our Membership and Exchange segment, has been a leader in the membership and exchange services industry since its founding in 1976. As of September 30, 2011, Interval's primary operation is the Interval Network, a quality global vacation ownership membership exchange network with:

•: a large and diversified base of participating resorts consisting of approximately 2,600 resorts located in over 75 countries, including both leading independent resort developers and branded hospitality companies; and
•: approximately 1.8 million vacation ownership interest owners enrolled as members of the Interval Network.

Interval typically enters into multi-year contracts with developers of vacation ownership resorts, pursuant to which the resort developers agree to enroll all purchasers of vacation interests at the applicable resort as members of an Interval exchange program. In return, Interval provides enrolled purchasers with the ability to exchange the use and occupancy of their vacation interest at the home resort (generally for a period of one week) for the right to occupy accommodations at a different resort participating in an Interval exchange network. Through Interval's Getaways, members may rent resort accommodations for a fee without relinquishing the use of their vacation interest. In addition, Interval offers sales, marketing and operational support, consulting and back-office services, including reservation servicing, to certain resort developers participating in the Interval Network, upon their request and for additional consideration.

The Membership and Exchange segment earns most of its revenue from (i) fees paid for membership in the Interval Network and (ii) transactional and service fees paid for Interval Network exchanges, Getaways, reservation servicing, and related transactions collectively referred to as "transaction revenue."

Management and Rental Services

We also provide management and rental services to hotels as well as condominium and timeshare resorts and their homeowners associations through Aston and TPI. Such vacation properties and hotels are not owned by us. Aston is based in Hawaii and concentrates largely on hotel and condominium resort management primarily in Hawaii, as well as vacation property rental and related services (including common area and owner association management services for condominium projects). TPI provides vacation rentals and timeshare resort and homeowners association management services in the United States, Canada and Mexico.

As of September 30, 2011, the businesses that comprise our Management and Rental segment provided management and rental services at over 60 vacation properties and hotels as well as more limited management services to certain additional properties.

Revenue from the Management and Rental segment is derived principally from fees for hotel, condominium resort, timeshare resort and homeowners association management and rental services. Management fees consist of a base management fee and, in some instances for hotels or condominium resorts, an incentive management fee which is generally a percentage of operating profits or improvement in operating profits. Service fee revenue is based on the services provided to owners including reservations, sales and marketing, property accounting and information technology services either internally or through third party providers. A majority of Aston's hotel and condominium resort management agreements provide that owners receive either specified percentages of the revenue generated under our management or guaranteed dollar amounts. In these cases, the operating expenses for the rental operation are paid from the revenue generated by the rentals, the owners are then paid their contractual percentages or amounts, and the Management and Rental segment either retains the balance (if any) as its management fee or makes up the deficit.

International Operations

International revenue increased approximately 4.3% and 3.7% in the three and nine months ended September 30, 2011 compared to the same period in 2010. As a percentage of our total revenue, international revenue decreased to 15.0% in the three months ended September 30, 2011 from 15.3% in 2010 and remained relatively flat year-over-year at 15.6% for the nine months ended September 30, 2011. International revenue in the first nine months of 2011 was affected by favorable foreign currency translations when compared to 2010. In constant currency, international revenue increased 2.4% and 1.3% in the three and nine months ended September 30, 2011, respectively, compared to 2010. As a percentage of our total revenue, international revenue in constant currency decreased 3.3% to 14.8% in the third quarter 2011 compared to 2010 and decreased 2.4% to 15.3% in the first nine months of 2011 compared to 2010.

Other Factors Affecting Results

Membership and Exchange

The reduction in sales and marketing expenditures by resort developers spurred by the lack of receivables financing has resulted in a decrease in the flow of new members to our exchange networks. Access to credit markets for securitization transactions available to certain large developers has returned and activity by regional banks working with independent developers has increased for better capitalized companies. Financing standards for consumers remain higher than those required several years ago and developers are continuing to modify their business models to reduce reliance on receivables financing. As developers with greater debt loads continue to work with their lenders, we anticipate additional bankruptcies, reorganizations and consolidation within the industry.

In addition, our 2011 results were negatively affected by a shift in the mix and availability of exchange and Getaway inventory and changes in travel patterns. The dynamics of the changing travel patterns and inventory availability, along with fewer absolute members, has resulted in softness in bookings and an increase in the cost and volume of purchased inventory.

Management and Rental

Our Management and Rental segment results are susceptible to variations in economic conditions, particularly in its predominant market, Hawaii. According to the Hawaii Tourism Authority, visitor arrivals by air in Hawaii have increased 2.7% for the nine months ended September 30, 2011 compared to the same period in the prior year, and remained relatively flat for the three months ended

September 30, 2011 compared to 2010. The year-to-date increase in visitors is consistent with Aston's managed properties in Hawaii experiencing increases in occupancy, partly related to a decrease in available room nights, leading to an overall increase of 19.1% in revenue per available room ("RevPAR") in Hawaii for the nine months ended September 30, 2011 compared to 2010. For the three months ended September 30, 2011 compared to 2010, the increase in RevPAR in Hawaii of 12.7% was predominantly driven by higher average daily rate.

As of the latest forecast (August 2011), the Hawaii State Department of Business, Economic Development & Tourism, forecasts increases of 3.0% in visitors to Hawaii and 12.0% in visitor expenditures in 2011 over 2010.

Outlook

Throughout 2011, the vacation ownership industry has remained in a period of transition that may result in the bankruptcy, restructuring and consolidation of developers as well as continued modifications to their business models. We anticipate this period of transition to continue for the remainder of the year and into 2012. We also expect the negative effects of a shift in inventory mix as well as additional expenses associated with purchases of inventory to continue for the remainder of the year and into 2012. For the Management and Rental business, we expect Aston's RevPAR to continue to show year over year improvement for the remainder of 2011; however, increases in airfare and decreases in visitor arrivals from the mainland may temper growth.

Additionally, the owner of one of Aston's largest managed properties has been unable to repay or refinance the mortgage that matured on October 1, 2011. The owner has since received a notice of default. In the event that the owner is unable to obtain new financing and reorganizes or liquidates under bankruptcy protection, Aston's management agreement may be terminated which could materially adversely affect the Aston business, and the financial condition and results of operations of our Management and Rental segment. The loss of this management agreement may require us to test the goodwill and other intangible assets of this reporting unit for impairment, which could result in recording an impairment charge at that time. We will continue to monitor this developing situation and assess whether any changes in circumstances require an interim impairment test, apart from our annual impairment test that we will perform as of October 1, 2011, on the goodwill and other intangible assets of this reporting unit.

Results of operations for the three and nine months ended September 30, 2011 compared to the three and nine months ended September 30, 2010:

Revenue

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

		Three Months Ended September 30,

		2011		% Change			2010
		(Dollars in thousands)
Membership and Exchange
Transaction revenue		$	46,836		3.9	%	$	45,064
Membership fee revenue			32,196		(0.6	)%		32,379
Ancillary member revenue			2,119		(10.1	)%		2,358

Total member revenue			81,151		1.7	%		79,801
Other revenue			5,071		31.8	%		3,848

	Total Membership and Exchange revenue		86,222		3.1	%		83,649

Management and Rental
Management fee and rental revenue			8,484		39.7	%		6,071
Pass-through revenue			12,007		11.5	%		10,768

	Total Management and Rental revenue		20,491		21.7	%		16,839

Total revenue		$	106,713		6.2	%	$	100,488

Revenue for the three months ended September 30, 2011 increased $6.2 million, or 6.2%, from the comparable period in 2010.

Membership and Exchange

Membership and Exchange segment revenue increased 3.1% or $2.6 million when compared to the prior year period. Total member revenue, which primarily consists of Interval Network membership fees and transactional and service fees, increased $1.3 million, or 1.7%. This increase was primarily due to higher transaction revenue of $1.8 million, or 3.9%, as a result of a $1.5 million increase in transaction revenue from exchanges and Getaways and an increase of $0.5 million in certain other transaction related fees, partially offset by a decrease of $0.3 million in reservation servicing fees. The increase in transaction revenue from exchanges and Getaways was due to an increase of 7.0% in average fee per transaction, partially offset by a decrease of 3.2% in exchange and Getaway transaction activity which reflects the continued effect of a shift in the mix and availability of exchange and Getaway inventory and changes in travel patterns.

Total active members in the Interval Network at September 30, 2011 decreased 1.1% to approximately 1.79 million members as compared to the prior year. Overall Interval Network average revenue per member increased 2.6% to $45.15 in the third quarter 2011 from $44.02 in 2010. Membership fee revenue remained relatively flat at $32.2 million, when compared to 2010. Other revenue related to our Membership and Exchange segment increased $1.2 million, or 31.8%, in the third quarter 2011 when compared to 2010 due to the acquisition of TPI in November of 2010.

Management and Rental

Management and Rental segment revenue increased 21.7%, or $3.7 million, of which TPI represented $3.3 million. The increase in segment revenue included a $1.2 million, or 11.5%, increase in reimbursed compensation and other employee-related costs directly associated with managing

properties that are included in both revenue and expenses and that are passed on to the property owners or homeowners association without mark-up ("pass-through revenue"). The increase in pass-through revenue is related to our acquisition of TPI. Fee income earned from managed hotel and condominium resort properties at Aston increased $0.6 million, or 9.7%, in 2011 due to an increase of 13.4% in RevPAR to $113.12 driven by increases in average daily rate and, to a lesser extent, occupancy.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

		Nine Months Ended September 30,

		2011		% Change			2010
		(Dollars in thousands)
Membership and Exchange
Transaction revenue		$	150,865		(1.0	)%	$	152,343
Membership fee revenue			97,307		NM			97,288
Ancillary member revenue			5,900		(12.4	)%		6,735

Total member revenue			254,072		(0.9	)%		256,366
Other revenue			15,929		32.7	%		12,006

	Total Membership and Exchange revenue		270,001		0.6	%		268,372

Management and Rental
Management fee and rental revenue			24,229		47.8	%		16,389
Pass-through revenue			35,020		12.4	%		31,167

	Total Management and Rental revenue		59,249		24.6	%		47,556

Total revenue		$	329,250		4.2	%	$	315,928

Revenue for the nine months ended September 30, 2011 increased $13.3 million, or 4.2%, from the comparable period in 2010.

Membership and Exchange

Membership and Exchange segment revenue increased $1.6 million, or 0.6%, in 2011 compared to the prior year period. The increase in Membership and Exchange segment revenue is due to an increase in other revenue of $3.9 million, or 32.7%, in the third quarter 2011 when compared to 2010 due to the acquisition of TPI in November of 2010. Total member revenue, which primarily consists of Interval Network membership fees and transactional and service fees, decreased $2.3 million, or 0.9%. This decrease was primarily due to lower transaction revenue of $1.5 million, or 1.0%, as a result of a $1.6 million decrease in transaction revenue from exchanges and Getaways and a decrease of $0.6 million in reservation servicing fees, partially offset by an increase of $0.7 million in certain other transaction related fees. The decrease in transaction revenue from exchanges and Getaways was due to a decrease of 4.3% in exchange and Getaway transaction activity, partially offset by a 3.3% increase in average fee per transaction, which reflects the continued effect of a shift in the mix and availability of exchange and Getaway inventory and changes in travel patterns.

Overall Interval Network average revenue per member remained relatively flat at $140.61 in 2011 compared to $140.87 in 2010. Membership fee revenue also remained flat at $97.3 million for both periods.

Management and Rental

Management and Rental segment revenue increased 24.6%, or $11.7 million, of which TPI represented $9.6 million. The increase in segment revenue included a $3.9 million, or 12.4%, increase in pass-through revenue related to our acquisition of TPI. Fee income earned from managed hotel and condominium resort properties at Aston increased $2.5 million, or 15.4%, due to an increase of 17.8% in RevPAR to $111.30 in 2011 driven by increases in average daily rate and, to a lesser extent, occupancy.

Cost of Sales

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

		Three Months Ended September 30,

		2011			% Change			2010
		(Dollars in thousands)
Membership and Exchange		$	19,565			7.7	%	$	18,165
Management and Rental
Management fee and rental expenses			3,136			39.9	%		2,242
Pass-through expenses			12,007			11.5	%		10,768

	Total Management and Rental cost of sales		15,143			16.4	%		13,010

Total cost of sales		$	34,708			11.3	%	$	31,175

As a percentage of total revenue			32.5	%		4.8	%		31.0	%
Gross margin			67.5	%		(2.2	)%		69.0	%
Gross margin without pass-through revenue/expenses			76.0	%		(1.6	)%		77.3	%

Cost of sales consists primarily of compensation and other employee-related costs (including stock-based compensation) for personnel engaged in servicing members of the Membership and Exchange segment and providing services to property owners and/or guests of the Management and Rental segment's managed vacation properties, as well as cost of rental inventory used primarily for Getaways included within the Membership and Exchange segment.

Cost of sales in the third quarter 2011 increased $3.5 million from 2010, consisting of an increase of $1.4 million from our Membership and Exchange segment and $2.1 million from our Management and Rental segment. Overall gross margin decreased 2.2% to 67.5% this quarter compared to 2010.

Gross margin for the Membership and Exchange segment decreased by 1.2% as compared to the prior year. Cost of sales for this segment increased $1.4 million primarily due to a $1.2 million increase in the cost and volume of purchased inventory and $0.3 million of incremental expenses related to TPI.

The increase of $2.1 million in cost of sales from the Management and Rental segment was primarily attributable to increases of $1.2 million in pass-through revenue and $0.9 million in compensation and other employee-related costs primarily due to our acquisition of TPI. Gross margin for this segment increased 14.8% to 26.1% for the third quarter 2011 compared to the same period in 2010. The Management and Rental segment has lower gross margins than our Membership and Exchange segment largely due to pass-through revenue.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

		Nine Months Ended September 30,

		2011			% Change			2010
		(Dollars in thousands)
Membership and Exchange		$	63,027			6.6	%	$	59,099
Management and Rental
Management fee and rental expenses			9,517			43.9	%		6,612
Pass-through expenses			35,020			12.4	%		31,167

	Total Management and Rental cost of sales	$	44,537			17.9	%	$	37,779

Total cost of sales		$	107,564			11.0	%	$	96,878

As a percentage of total revenue			32.7	%		6.5	%		30.7	%
Gross margin			67.3	%		(2.9	)%		69.3	%
Gross margin without pass-through revenue/expenses			75.3	%		(2.1	)%		76.9	%

Cost of sales increased $10.7 million from 2010, consisting of an increase of $3.9 million from our Membership and Exchange segment and $6.8 million from our Management and Rental segment. Overall gross margin decreased 2.9% to 67.3% this quarter compared to 2010.

Gross margin for the Membership and Exchange segment decreased by 1.7% as compared to the prior year. Cost of sales for this segment increased $3.9 million primarily due to an increase of $3.2 million in the cost of purchased rental inventory and $1.0 million of incremental expenses related to TPI following our acquisition of TPI, partly offset primarily by a decrease in compensation and other employee related costs at Interval. The increase in the cost of purchased inventory contributed to our decrease in gross margin in the first nine months of 2011, as well as a slightly higher proportion of purchased inventory utilized.

The increase of $6.8 million in cost of sales from the Management and Rental segment was primarily attributable to an increase of $3.9 million in pass-through revenue coupled with increases of $2.5 million in other incremental expenses related to TPI and an increase in compensation and other employee-related costs at Aston. Gross margin for this segment increased 20.8% to 24.8% in 2011 compared to 2010. The Management and Rental segment has lower gross margins than our Membership and Exchange segment largely due to pass-through revenue.

Selling and marketing expense

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

	Three Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Selling and marketing expense	$	13,341			6.4	%	$	12,533
As a percentage of total revenue		12.5	%		NM			12.5	%

Selling and marketing expense consists primarily of advertising and promotional expenditures and compensation and other employee-related costs (including stock-based compensation) for personnel engaged in sales and sales support functions. Advertising and promotional expenditures primarily include printing costs of directories and magazines, promotions, tradeshows, agency fees, marketing fees and related commissions.

Selling and marketing expense in the third quarter 2011 increased $0.8 million from 2010, primarily due to an increase of $0.3 million in overall compensation and other employee-related costs, increases

in advertising and promotional expenditures of approximately $0.2 million, coupled with various other less significant cost increases.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

	Nine Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Selling and marketing expense	$	41,215			5.2	%	$	39,189
As a percentage of total revenue		12.5	%		0.9	%		12.4	%

Selling and marketing expense in 2011 increased $2.0 million from 2010, primarily due to an increase of $0.7 million in overall compensation and other employee-related costs, in part due to the inclusion of TPI employee related costs, and increases in certain advertising and promotional expenditures, coupled with various other less significant cost increases.

General and administrative expense

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

	Three Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
General and administrative expense	$	23,256			2.0	%	$	22,802
As a percentage of total revenue		21.8	%		(4.0	)%		22.7	%

General and administrative expense consists primarily of compensation and other employee-related costs (including stock-based compensation) for personnel engaged in finance, legal, tax, human resources, information technology and executive management functions, facilities costs and fees for professional services.

General and administrative expense in the third quarter 2011 increased $0.5 million from 2010, primarily due to an increase of $1.2 million due to a change in the estimated fair value of contingent consideration related to an acquisition, an increase of $0.6 million of professional fees, mainly IT related, higher expense of $0.3 million relating to IT maintenance and support services, and other increases due to the inclusion of TPI in our results of operations. These increases were partly offset by a $1.1 million change in our estimated accrual for European Union ("EU") Value Added Tax ("VAT"), $0.8 million of higher net currency gains related to foreign currency remeasurements of operating assets and liabilities denominated in a currency other than the functional currency and a decrease of $0.2 million in overall compensation and employee-related costs.

The decrease of $0.2 million in overall compensation and other employee related costs was primarily due to a decrease in employee-related health and welfare insurance expense of $1.1 million and other incentive related compensation, partly offset by $0.7 million of incremental expenses related to TPI employees and $0.4 million of lower capitalized internal labor costs pertaining to internally developed software subsequent to the launch of our new proprietary membership platform ("iServices").

General and administrative related non-cash compensation expense in the third quarter 2011 increased $0.3 million primarily related to annual awards granted in March 2011. As of September 30, 2011, ILG had approximately $16.4 million of unrecognized compensation cost, net of estimated forfeitures, related to all equity-based awards, which is currently expected to be recognized over a weighted average period of approximately 1.6 years.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

	Nine Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
General and administrative expense	$	71,731			8.6	%	$	66,023
As a percentage of total revenue		21.8	%		4.2	%		20.9	%

General and administrative expense increased $5.7 million from 2010, primarily due to an increase of $2.3 million in overall compensation and other employee-related costs, an increase of $1.3 million in professional fees, an increase of $1.2 million due to a change in the estimated fair value of contingent consideration related to an acquisition, and higher expenses of $0.7 million relating to IT and maintenance and support services. In addition, we experienced $0.3 million of higher net currency losses related to foreign currency remeasurements of operating assets and liabilities denominated in a currency other than the functional currency, and other increases of $1.2 million due to the inclusion of TPI in our results of operations. These increases were partly offset by a $1.1 million dollar change in our estimated accrual for EU VAT.

The increase of $1.3 million in professional fees primarily relates to lower capitalized external labor costs pertaining to internally developed software subsequent to the launch iServices and to $0.4 million of legal fees associated with an Aston legal proceeding.

The increase of $2.3 million in overall compensation and other employee- related costs was primarily due to $2.0 million of incremental expenses related to TPI employees, $1.2 million of lower capitalized internal labor costs pertaining to internally developed software subsequent to the launch of iServices, and a $1.0 million increase in non-cash compensation expense primarily related to annual awards granted in March 2010 through March 2011. These increases were partially offset by a decrease in employee-related health and welfare insurance expense of $1.5 million and other incentive related compensation.

Amortization Expense of Intangibles

For the three and nine months ended September 30, 2011 compared to the three and nine months ended September 30, 2010

	Three Months Ended September 30,									Nine Months Ended September 30,

	2011			% Change			2010			2011			% Change			2010
	(Dollars in thousands)									(Dollars in thousands)
Amortization	$	6,830			3.9	%	$	6,575		$	20,448			3.7	%	$	19,725
As a percentage of total revenue		6.4	%		(2.2	)%		6.5	%		6.2	%		N/M			6.2	%

Amortization expense of intangibles for the three and nine months ended September 30, 2011 was consistent with the comparable 2010 period other than incremental amortization expense pertaining to recognized intangible assets related to the acquisition of TPI.

Depreciation Expense

For the three and nine months ended September 30, 2011 compared to the three and nine months ended September 30, 2010

	Three Months Ended September 30,									Nine Months Ended September 30,

	2011			% Change			2010			2011			% Change			2010
	(Dollars in thousands)									(Dollars in thousands)
Depreciation	$	3,319			25.5	%	$	2,644		$	10,006			30.1	%	$	7,693
As a percentage of total revenue		3.1	%		18.2	%		2.6	%		3.0	%		24.8	%		2.4	%

Depreciation expense for the three and nine months ended September 30, 2011 as compared to 2010 increased $0.7 million and $2.3 million, respectively, primarily due to depreciable assets related to IT initiatives that were placed in service subsequent to September 30, 2010.

Operating Income

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

	Three Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Membership and Exchange	$	25,052			2.4	%	$	24,474
Management and Rental		207			(27.4	)%		285

Total operating income	$	25,259			2.0	%	$	24,759

As a percentage of total revenue		23.7	%		(3.9	)%		24.6	%

Operating income in the third quarter 2011 increased $0.5 million from the comparable period in 2010, consisting of an increase of $0.6 million from our Membership and Exchange segment, partly offset by a decrease of $0.1 million from our Management and Rental segment.

Operating income for our Membership and Exchange segment increased $0.6 million to $25.1 million in the third quarter 2011 from $24.5 million in 2010. Excluding the effect of the $1.1 million change to decrease our estimated accrual for EU VAT and the charge of $0.6 million to this segment resulting from the change in the estimated fair value of contingent consideration related to an acquisition, operating income would have been relatively flat in the third quarter 2011 compared to 2010.

Operating income for our Management and Rental segment decreased $0.1 million primarily due to the charge of $0.6 million to this segment resulting from the change in the estimated fair value of contingent consideration related to an acquisition, as well as an increase in general and administrative expense largely attributable to the inclusion of TPI's general and administrative expenses, partly offset primarily from higher gross profit at Aston.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

	Nine Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Membership and Exchange	$	78,304			(10.5	)%	$	87,492
Management and Rental		(18	)		98.3	%		(1,072	)

Total operating income	$	78,286			(9.4	)%	$	86,420

As a percentage of total revenue		23.8	%		(13.1	)%		27.4	%

Operating income for the first nine months of 2011 decreased $8.1 million from the comparable period in 2010 consisting of a decrease of $9.2 million from our Membership and Exchange segment, partly offset by an increase of $1.1 million from our Management and Rental segment.

Operating income for our Membership and Exchange segment decreased $9.2 million to $78.3 million in the first nine months of 2011 from $87.5 million in 2010 largely due to a contraction in gross profit at Interval during the first half of 2011 and increases in other operating expenses, including depreciation expense, as further discussed in preceding sections.

The increase in operating income of $1.1 million at our Management and Rental segment is primarily due to higher gross profit at Aston, partly offset by the charge of $0.6 million to this segment resulting from the change in the estimated fair value of contingent consideration related to an acquisition, as well as an increase in general and administrative expense largely attributable to the inclusion of TPI's general and administrative expenses and $0.4 million legal fees at Aston associated with a legal proceeding.

Earnings Before Interest, Taxes, Depreciation and Amortization

Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") is a non-GAAP measure and is defined in "ILG's Principles of Financial Reporting."

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

	Three Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Membership and Exchange	$	36,262			4.9	%	$	34,563
Management and Rental		2,080			3.6	%		2,008

Total EBITDA	$	38,342			4.8	%	$	36,571

As a percentage of total revenue		35.9	%		(1.3	)%		36.4	%

EBITDA in the third quarter 2011 increased $1.8 million from 2010, or 4.8%, consisting of increases of $1.7 million from our Membership and Exchange segment and $0.1 million from our Management and Rental segment.

EBITDA from our Membership and Exchange segment increased $1.7 million to $36.3 million in the third quarter 2011 from $34.6 million in 2010. The increase in this segment was driven by higher gross profit of $1.2 million, primarily due to the inclusion of TPI in our results of operations, and a decrease in general and administrative expense mainly due to the change in our estimated accrual for EU VAT, partly offset by increased sales and marketing expenses at Interval.

EBITDA from our Management and Rental segment increased $0.1 million to $2.1 million in the third quarter 2011 from $2.0 million in 2010. The increase in this segment is due primarily to an increase in gross profit as a result of the inclusion of TPI's results and an increase in Aston's RevPAR in the quarter compared to 2010, partly offset by the charge of $0.6 million to this segment resulting from the change in the estimated fair value of contingent consideration related to an acquisition, as well as an increase in general and administrative expense largely due to the inclusion of TPI's general and administrative expenses.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

	Nine Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Membership and Exchange	$	111,935			(4.7	)%	$	117,404
Management and Rental		5,645			38.6	%		4,072

Total EBITDA	$	117,580			(3.2	)%	$	121,476

As a percentage of total revenue		35.7	%		(7.1	)%		38.5	%

EBITDA for the first nine months of 2011 decreased $3.9 million from 2010, or 3.2%, consisting of a decrease of $5.5 million from our Membership and Exchange segment, partly offset by an increase of $1.6 million from our Management and Rental segment.

EBITDA from our Membership and Exchange segment decreased $5.5 million to $111.9 million in the first nine months of 2011 from $117.4 million in 2010. The decrease in this segment is due primarily to a contraction in Interval gross profit and increases in other general and administrative and selling and marketing expenses.

The contraction in Interval gross profit can be mainly attributed to a decrease in exchange and Getaway transaction activity partially related to a shift in the mix and availability of exchange and Getaway inventory, changes in travel patterns, and increased costs of purchased inventory. This was partially offset by the inclusion of TPI in our results of operations. The increase in other operating expenses is partly attributable to the inclusion of TPI's general and administrative expenses in our results of operations as well as increases in certain costs at Interval such as lower capitalized internal and external labor costs pertaining to internally developed software subsequent to the launch of iServices, higher costs pertaining to IT maintenance and support services and increases in advertising and promotional related expenses, as further discussed within our sales and marketing and general and administrative expense sections.

EBITDA from our Management and Rental segment increased $1.6 million to $5.6 million in the first nine months of 2011 from $4.1 million in 2010. The increase in this segment is due primarily to higher gross profit of $4.9 million delivered as a result of the inclusion of TPI in our results of operations and an increase in Aston's RevPAR in 2011 compared to 2010 partly offset by the charge of $0.6 million to this segment resulting from the change in the estimated fair value of contingent consideration related to an acquisition, as well as an increase in general and administrative expense largely due to the inclusion of TPI's general and administrative expenses, and $0.4 million in legal fees associated with an Aston legal proceeding.

Other income (expense), net

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

	Three Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Interest income	$	433			260.8	%	$	120
Interest expense		(8,762	)		(1.0	)%		(8,847	)
Other income (expense), net		2,488			454.4	%		(702	)

Interest income increased $0.3 million in the third quarter 2011 compared to 2010 primarily as a result of interest earned on loans issued during the second quarter 2011.

Interest expense primarily relates to interest and amortization of debt costs on the indebtedness incurred in connection with the spin-off. The senior notes were initially recorded with an original issue discount of $23.5 million based on the prevailing interest rate at the time of pricing, estimated at 11.0%, of which $0.6 million was amortized both in the third quarter 2011 and 2010. Interest expense was relatively flat in the third quarter 2011 compared to 2010.

peso. Unfavorable fluctuations in foreign currency exchange rates caused a net loss during the three months ended September 30, 2010. The unfavorable fluctuations in the third quarter 2010 were principally driven by U.S. dollar positions held at September 30, 2010 affected by the weaker dollar compared to the Colombian and Mexican pesos.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

	Nine Months Ended September 30,

	2011			% Change			2010
	(Dollars in thousands)
Interest income	$	820			153.9	%	$	323
Interest expense		(26,868	)		(0.6	)%		(27,031	)
Other income (expense), net		758			176.2	%		(995	)

Interest income increased $0.5 million in the first nine months of 2011 compared to 2010 primarily as a result of interest earned on loans issued during the second quarter 2011.

Interest expense primarily relates to interest and amortization of debt costs on the indebtedness incurred in connection with the spin-off. The senior notes were initially recorded with an original issue discount of $23.5 million based on the prevailing interest rate at the time of pricing, estimated at 11.0%, of which $1.9 million and $1.7 million was amortized in the first nine months of 2011 and 2010, respectively. Interest expense was relatively flat in 2011 compared to 2010.

Other income (expense), net primarily relates to net gains and losses on foreign currency exchange related to cash held in certain countries in currencies other than their local currency. Non-operating foreign exchange net gain for the nine months ended September 30, 2011 was $1.0 million while the nine months ended September 30, 2010 experienced a net loss of $1.0 million. The favorable fluctuations in the nine months ended September 30, 2011 were principally driven by U.S. dollar positions held at September 30, 2011 affected by the stronger dollar compared to the Mexican peso, partly offset by a strengthening of the Colombian peso against the U.S. dollar. The unfavorable fluctuations in the nine months ended September 30, 2010 were principally driven by U.S. dollar positions held at September 30, 2010 affected by the weaker dollar compared to the Colombian peso and the Mexican peso, partly offset by the stronger dollar compared to the British pound.

Income Tax Provision

For the three months ended September 30, 2011 compared to the three months ended September 30, 2010

For the three months ended September 30, 2011 and 2010, ILG recorded income tax provisions for continuing operations of $8.0 million and $6.0 million, respectively, which represent effective tax rates of 41.1% and 39.4%, respectively. These tax rates are higher than the federal statutory rate of 35% due principally to state and local income taxes partially offset by foreign income taxed at lower rates. During the three months ended September 30, 2011, the effective tax rate increased due to other income tax items, the most significant related to the effect of changes in tax laws in the U.K., as discussed further below, that were enacted during the quarter.

For the nine months ended September 30, 2011 compared to the nine months ended September 30, 2010

For the nine months ended September 30, 2011 and 2010, ILG recorded income tax provisions for continuing operations of $20.9 million and $22.7 million, respectively, which represent effective tax rates of 39.4% and 38.7%, respectively. These tax rates are higher than the federal statutory rate of 35% due principally to state and local income taxes partially offset by foreign income taxed at lower rates. During the nine months ended September 30, 2011, the effective tax rate increased due to other

income tax items, the most significant related to the effect of changes in tax laws in the U.K., as discussed further below, that were enacted during the third quarter of 2011.

By virtue of previously filed separate company and consolidated tax returns with IAC, ILG is routinely under audit by federal, state, local and foreign taxing authorities. These audits include questioning the timing and the amount of deductions and the allocation of income among various tax jurisdictions. Income taxes payable include amounts considered sufficient to pay assessments that may result from examination of prior year returns; however, the amount paid upon resolution of issues raised may differ from the amount provided. Differences between the reserves for tax contingencies and the amounts owed by ILG are recorded in the period they become known. Under the Tax Sharing Agreement, IAC indemnifies ILG for all consolidated tax liabilities and related interest and penalties for the pre-spin period. The IRS is also currently examining ILG's Federal consolidated tax return for the short period following the spin-off and ended December 31, 2008. This examination is expected to be completed prior to the expiration of the statute of limitations in 2012. Additionally, ILG received a notice from the State of Florida that the consolidated state tax return for the short period following the spin-off and ended December 31, 2008 as well as for the tax year ended December 31, 2009, will be examined. The Florida statute of limitations for the short period following the spin-off and ended December 31, 2008 and for the tax year ended December 31, 2009 has been extended to 2013 and 2014, respectively.

Further U.K. rate reductions to 24% and 23% are expected to be included in future U.K. Finance Bills. These future corporate income tax rate reductions are expected to have a similar impact on our financial statements, as outlined above, however the actual impact will be dependent on the actual amount of the rate decrease enacted and on our deferred tax position at that time.

FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES

As of September 30, 2011, we had $194.1 million of cash and cash equivalents and restricted cash and cash equivalents, including $84.8 million of U.S. dollar equivalent or denominated cash deposits held by foreign subsidiaries which are subject to changes in foreign exchange rates. Of this amount, $57.2 million is held in foreign jurisdictions, principally the U.K. Earnings of foreign subsidiaries, except Venezuela, are permanently reinvested. Additional tax provisions would be required should such earnings be repatriated to the U.S. Cash generated by operations is our primary source of liquidity. We believe that our cash on hand along with our anticipated operating future cash flows and availability under our $50.0 million revolving credit facility are sufficient to fund our operating needs, capital expenditures, development and expansion of our operations, debt service, investments and other commitments and contingencies for at least the next twelve months. However, our operating cash flow may be impacted by macroeconomic factors outside of our control.

Cash Flows Discussion

Net cash provided by operating activities increased to $76.9 million in the nine months ended September 30, 2011 from $71.7 million in the same period of 2010. The increase of $5.2 million from 2010 was principally due to lower income taxes paid of $8.7 million and higher interest income of $0.4 million, partly offset by higher net cash expenses. The increase in interest income is due to interest earned and received on the loans receivable issued to third parties in the second quarter 2011.

Net cash used in investing activities of $31.7 million in the nine months ended September 30, 2011 related to disbursements totaling $16.2 million for loans to third parties, capital expenditures of $9.9 million, primarily related to IT initiatives, and the acquisition of certain management agreements by our Management and Rental segment for $5.6 million. The loans are secured and mature in 2014. Interest on these loans is due monthly and as of September 30, 2011, an additional $0.8 million is available to be drawn. In connection with obtaining or extending business relationships with our clients, on occasion we provide loans or make other payments. In the nine months ended September 30, 2010, net cash used in investing activities was $12.5 million which primarily related to capital expenditures for IT initiatives. The decrease in capital expenditures in 2011 from 2010 is due to less capitalized expenditures pertaining to internally developed software subsequent to the launch of iServices in November 2010.

Net cash used in financing activities of $34.3 million in the nine months ended September 30, 2011 was principally due to repurchases of our common stock at market prices totaling $17.6 million, including commissions, which settled during the quarter as well as voluntary principal prepayments on the term loan totaling $15.0 million and vesting of restricted stock units, net of withholding taxes, all partially offset by excess tax benefits from stock-based awards and proceeds from the exercise of stock options. Effective, August 3, 2011, ILG's Board of Directors authorized a share repurchase program for up to $25.0 million, excluding commissions, of our outstanding common stock. As of September 30, 2011, the remaining availability for future repurchases of our common stock was $5.8 million. In the nine months ended September 30, 2010, net cash used in financing activities of $30.9 million was principally due to principal payments totaling $30.0 million on the term loan and vesting of restricted stock units, net of withholding taxes, partially offset by excess tax benefits from stock-based awards and proceeds from the exercise of warrants and stock options.

We have a senior secured credit facility which matures on July 25, 2013 and consists of a $50.0 million revolving credit facility (the "Revolver") and $150.0 million term loan (the "Term Loan"). During 2010, we paid $40.0 million of principal payments on the Term Loan, which included voluntary prepayments of scheduled principal payments through December 31, 2011 and $18.3 million applied pro rata to the remaining scheduled principal payments. During the first nine months of 2011, we paid a total of $15.0 million of principal payments on the term loan which included a voluntary prepayment

of the March 31, 2012, June 30, 2012 and September 30, 2012 scheduled principal payments and $2.0 million which was applied pro rata to the remaining scheduled principal payments. As of September 30, 2011, we had $61.0 million outstanding on the Term Loan. The remaining principal amount of the Term Loan is payable quarterly through July 25, 2013 ($4.3 million for the fourth quarter of fiscal year 2012 and approximately $18.9 million quarterly thereafter). There have been no borrowings under the Revolver through September 30, 2011.

In addition, on August 19, 2008, we issued $300.0 million of aggregate principal amounts of 9.5% Senior Notes due 2016 (the "Interval Senior Notes"), reduced by the original issue discount of $23.5 million of which $16.6 million remains unamortized at September 30, 2011. The secured credit facility effectively ranks prior to the Interval Senior Notes to the extent of the value of the assets that secure it.

Any principal amounts outstanding under the revolving credit facility are due at maturity. The interest rates per annum applicable to loans under the senior secured credit facility are, at the Issuer's option, equal to either a base rate or a LIBOR rate plus an applicable margin, which varies with the total leverage ratio of the Issuer. As of September 30, 2011, the applicable margin was 2.50% per annum for LIBOR term loans, 2.00% per annum for LIBOR revolving loans, 1.50% per annum for base rate term loans and 1.00% per annum for base rate revolving loans. The revolving credit facility has a facility fee of 0.50%

The Interval Senior Notes and senior secured credit facility have various financial and operating covenants that place significant restrictions on us, including our ability to incur additional indebtedness, to incur additional liens, issue redeemable stock and preferred stock, pay dividends or distributions or redeem or repurchase capital stock, prepay, redeem or repurchase debt, make loans and investments, enter into agreements that restrict distributions from our subsidiaries, sell assets and capital stock of our subsidiaries, enter into certain transactions with affiliates and consolidate or merge with or into or sell substantially all of our assets to another person. The senior secured credit facility requires us to meet certain financial covenants, requiring the maintenance of a maximum consolidated leverage ratio of consolidated debt over consolidated EBITDA, as defined in the credit agreement (3.65 from January 1, 2010 through December 31, 2010 and 3.40 thereafter), and a minimum consolidated interest coverage ratio of consolidated EBITDA over consolidated interest expense, as defined in the credit agreement (3.00 from January 1, 2010 and thereafter). In addition, we may be required to use a portion of our consolidated excess cash flow (as defined in the credit agreement) to prepay the senior secured credit facility based on our consolidated leverage ratio at the end of each fiscal year. If our consolidated leverage ratio equals or exceeds 3.5, we must prepay 50% of consolidated excess cash flow, if our consolidated leverage ratio equals or exceeds 2.85 but is less than 3.5, we must prepay 25% of consolidated excess cash flow, and if our consolidated leverage ratio is less than 2.85, then no prepayment is required. As of September 30, 2011, we were in compliance in all material respects with the requirements of all applicable financial and operating covenants and our consolidated leverage ratio and consolidated interest coverage ratio under the credit agreement were 2.44 and 4.52, respectively.

We have funding commitments that could potentially require our performance in the event of demands by third parties or contingent events. At September 30, 2011, guarantees, surety bonds and letters of credit totaled $17.3 million. Guarantees represent $14.9 million of this total and primarily relate to the Management and Rental segment's hotel and resort management agreements of Aston, including those with guaranteed dollar amounts, and accommodation leases supporting the Aston management activities, entered into on behalf of the property owners for which either party may terminate such leases upon 60 days prior written notice to the other. In addition, certain of the Management and Rental segment's hotel and resort management agreements of Aston provide that owners receive specified percentages of the revenue generated under Aston management. In these cases, the operating expenses for the rental operations are paid from the revenue generated by the rentals, the owners are then paid their contractual percentages, and the Management and Rental

segment either retains the balance (if any) as its management fee or makes up the deficit. Although such deficits are reasonably possible in a few of these agreements, as of September 30, 2011, amounts are not expected to be significant, individually or in the aggregate. Aston also enters into agreements, as principal, for services purchased on behalf of property owners for which it is subsequently reimbursed. As such, Aston is the primary obligor and may be liable for unreimbursed costs. As of September 30, 2011, amounts pending reimbursements are not significant.

Contractual Obligations and Commercial Commitments

Contractual obligations and commercial commitments at September 30, 2011 are as follows:

		Payments Due by Period

Contractual Obligations		Total		Up to 1 year		1-3 years		3-5 years		More than 5 years
		(Dollars in thousands)
Debt principal(a)		$	361,000	$	—	$	61,000	$	300,000	$	—
Debt interest(a)			143,400		30,454		58,321		54,625		—
Purchase obligations(b)			21,622		6,555		6,751		8,286		30
Unused commitment on a loan receivable			850		850		—		—		—
Operating leases			58,788		10,152		16,346		12,842		19,448

	Total contractual obligations	$	585,660	$	48,011	$	142,418	$	375,753	$	19,478

(a): Debt principal and debt interest represent principal and interest to be paid on our Term Loan, Interval Senior Notes and certain fees associated with our credit facility. Interest on the Term Loan is calculated using the prevailing rates as of September 30, 2011.
(b): The purchase obligations primarily relate to future guaranteed purchases of rental inventory, operational support services, marketing related benefits and membership fulfillment benefits.

	Amount of Commitment Expiration Per Period

Other Commercial Commitments(c)	Total Amounts Committed		Less than 1 Year		1-3 Years		3-5 Years		More than 5 Years
	(In thousands)
Guarantees, surety bonds and letters of credit	$	17,288	$	6,629	$	4,314	$	3,099	$	3,246

(c): Commercial commitments include minimum revenue guarantees related to Aston's hotel and resort management agreements, Aston's accommodation leases entered into on behalf of the property owners, and funding commitments that could potentially require performance in the event of demands by third parties or contingent events, such as under a letter of credit extended or under guarantees.

Recent Accounting Pronouncements

Refer to Note 2 in the consolidated financial statements for a description of recent accounting pronouncements.

Seasonality

Refer to Note 1 in the consolidated financial statements for a discussion on the impact of seasonality.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates, judgments and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates which are based on historical experience and various other judgments and assumptions that we believe are reasonable under the circumstances. Actual outcomes could differ from those estimates. We have discussed those estimates that we believe are critical and required the use of significant judgment and use of estimates that could have a significant impact on our financial statements in our 2010 Annual Report on Form 10-K. There have been no material changes to our critical accounting policies in the interim period.

ILG'S PRINCIPLES OF FINANCIAL REPORTING

Definition of ILG's Non-GAAP Measure

Earnings Before Interest, Taxes, Depreciation and Amortization is defined as net income excluding, if applicable: (1) non-cash compensation expense, (2) depreciation expense, (3) amortization expense of intangibles, (4) goodwill and asset impairments, (5) income taxes, (6) interest income and interest expense and (7) other non-operating income and expense. Our presentation of EBITDA may not be comparable to similarly-titled measures used by other companies. We believe this measure is useful to investors because it represents the consolidated operating results from our segments, excluding the effects of any non-cash expenses. We also believe this non-GAAP financial measure improves the transparency of our disclosures, provides a meaningful presentation of our results from our business operations, excluding the impact of certain items not related to our core business operations and improves the period to period comparability of results from business operations. EBITDA has certain limitations in that it does not take into account the impact to our statement of operations of certain expenses, including non-cash compensation. We endeavor to compensate for the limitations of the non-GAAP measure presented by also providing the comparable GAAP measure with equal or greater prominence and descriptions of the reconciling items, including quantifying such items, to derive the non-GAAP measure.

We report EBITDA as a supplemental measure to generally accepted accounting principles ("GAAP"). This measure is one of the primary metrics by which we evaluate the performance of our businesses, on which our internal budgets are based and by which management is compensated. We believe that investors should have access to the same set of tools that we use in analyzing our results. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. We provide and encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measure which are discussed below.

Constant currency represents current period results of operations determined by translating our functional currency results to U.S. dollars (our reporting currency) using the actual blended rate of translation from the comparable prior period. We believe that the presentation of our results of operations excluding the effect of foreign currency translations serves to enhance the understanding of our performance, improves transparency of our disclosures, provides meaningful presentations of our results from our business operations by excluding this effect not related to our core business operations and improves the period to period comparability of results from business operations.

Pro Forma Results

We will only present EBITDA on a pro forma basis if we view a particular transaction as significant in size or transformational in nature. For the periods presented in this report, there are no transactions that we have included on a pro forma basis.

Non-Cash Expenses That Are Excluded From ILG's Non-GAAP Measure

Non-cash compensation expense consists principally of expense associated with the grants, including unvested grants assumed in acquisitions, of restricted stock, restricted stock units and stock options. These expenses are not paid in cash, and we will include the related shares in our future calculations of diluted shares of stock outstanding. Upon vesting of restricted stock and restricted stock units and the exercise of certain stock options, the awards will be settled, at our discretion, on a net basis, with us remitting the required tax withholding amount from our current funds.

Goodwill and asset impairments are non-cash expenses relating to adjustments to goodwill and long-lived assets whereby the carrying value exceeds the fair value of the related assets, and is infrequent in nature.

Amortization expense of intangibles is a non-cash expense relating primarily to acquisitions. At the time of an acquisition, the intangible assets of the acquired company, such as customer relationships, purchase agreements and resort management agreements are valued and amortized over their estimated lives. We believe that since intangibles represent costs incurred by the acquired company to build value prior to acquisition, they were part of transaction costs.

Depreciation expense is a non-cash expense relating to our property and equipment and does not relate to our core business operations. Depreciation expense is recorded on a straight-line basis to allocate the cost of depreciable assets to operations over their estimated service lives.

RECONCILIATION OF EBITDA

The following tables reconcile EBITDA to operating income for our operating segments and to net income attributable to common stockholders in total for the three and nine months ended September 30, 2011 and 2010 (in thousands). The noncontrolling interest relates to the Management and Rental segment.

	For the Three Months Ended September 30, 2011

	EBITDA		Non-Cash Compensation Expense			Depreciation Expense			Amortization Expense of Intangibles			Operating Income
Membership and Exchange	$	36,262	$	(2,693	)	$	(3,097	)	$	(5,420	)	$	25,052
Management and Rental		2,080		(241	)		(222	)		(1,410	)		207

Total	$	38,342	$	(2,934	)	$	(3,319	)	$	(6,830	)		25,259

Interest expense, net													(8,329	)
Other income, net													2,488

Earnings before income taxes and noncontrolling interest													19,418
Income tax provision													(7,982	)

Net income													11,436
Net income attributable to noncontrolling interest													(2	)

Net income attributable to common stockholders												$	11,434

	For the Three Months Ended September 30, 2010

	EBITDA		Non-Cash Compensation Expense			Depreciation Expense			Amortization Expense of Intangibles			Operating Income
Membership and Exchange	$	34,563	$	(2,406	)	$	(2,426	)	$	(5,257	)	$	24,474
Management and Rental		2,008		(187	)		(218	)		(1,318	)		285

Total	$	36,571	$	(2,593	)	$	(2,644	)	$	(6,575	)		24,759

Interest expense, net													(8,727	)
Other expense, net													(702	)

Earnings before income taxes and noncontrolling interest													15,330
Income tax provision													(6,038	)

Net income													9,292
Net loss (income) attributable to noncontrolling interest													—

Net income attributable to common stockholders												$	9,292

	For the Nine Months Ended September 30, 2011

	EBITDA		Non-Cash Compensation Expense			Depreciation Expense			Amortization Expense of Intangibles			Operating Income
Membership and Exchange	$	111,935	$	(8,076	)	$	(9,286	)	$	(16,269	)	$	78,304
Management and Rental		5,645		(764	)		(720	)		(4,179	)		(18	)

Total	$	117,580	$	(8,840	)	$	(10,006	)	$	(20,448	)		78,286

Interest expense, net													(26,048	)
Other income, net													758

Earnings before income taxes and noncontrolling interest													52,996
Income tax provision													(20,864	)

Net income													32,132
Net income attributable to noncontrolling interest													(1	)

Net income attributable to common stockholders												$	32,131

	For the Nine Months Ended September 30, 2010

	EBITDA		Non-Cash Compensation Expense			Depreciation Expense			Amortization Expense of Intangibles			Operating Income
Membership and Exchange	$	117,404	$	(7,072	)	$	(7,069	)	$	(15,771	)	$	87,492
Management and Rental		4,072		(566	)		(624	)		(3,954	)		(1,072	)

Total	$	121,476	$	(7,638	)	$	(7,693	)	$	(19,725	)		86,420

Interest expense, net													(26,708	)
Other expense, net													(995	)

Earnings before income taxes and noncontrolling interest													58,717
Income tax provision													(22,695	)

Net income													36,022
Net loss attributable to noncontrolling interest													3

Net income attributable to common stockholders												$	36,025

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Foreign Currency Exchange Risk

We conduct business in certain foreign markets, primarily in the United Kingdom and the European Union. Our foreign currency risk primarily relates to our investments in foreign subsidiaries that transact business in a functional currency other than the U.S. Dollar. This exposure is mitigated as we have generally reinvested profits in our international operations. As currency exchange rates change, translation of the income statements of our international businesses into U.S. dollars affects year-over-year comparability of operating results.

In addition, we are exposed to foreign currency risk related to transactions and/or assets and liabilities denominated in a currency other than the functional currency. Historically, we have not hedged currency risks. However, our foreign currency exposure related to EU VAT liabilities denominated in euros is largely offset by euro denominated cash balances.

Operating foreign exchange for the three and nine months ended September 30, 2011 resulted in a net gain of $0.2 million and a net loss of less than $0.1 million, respectively, attributable to foreign currency remeasurements of operating assets and liabilities denominated in a currency other than their functional currency. Non-operating foreign exchange for the three months ended September 30, 2011 and 2010 resulted in a net gain of $2.5 million and a net loss of $0.7 million, respectively, attributable to cash held in certain countries in currencies other than their functional currency. Non-operating foreign exchange for the nine months ended September 30, 2011 and 2010 resulted in a net gain of $1.0 million and a net loss of $1.0 million, respectively

The favorable fluctuations in the third quarter 2011 were principally driven by U.S. dollar positions held at September 30, 2011 affected by the stronger dollar compared to the Colombian peso and the Mexican peso. Unfavorable fluctuations in foreign currency exchange rates caused a net loss during the three months ended September 30, 2010. The unfavorable fluctuations in the third quarter 2010 were principally driven by U.S. dollar positions held at September 30, 2010 affected by the weaker dollar compared to the Colombian and Mexican pesos.

The favorable fluctuations in the nine months ended September 30, 2011 were principally driven by U.S. dollar positions held at September 30, 2011 affected by the stronger dollar compared to the Mexican peso, partly offset by a strengthening of the Colombian peso against the U.S. dollar. The unfavorable fluctuations in the nine months ended September 30, 2010 were principally driven by U.S. dollar positions held at September 30, 2010 affected by the weaker dollar compared to the Colombian peso and the Mexican peso, partly offset by the stronger dollar compared to the British pound.

As we increase our operations in international markets we become increasingly exposed to potentially volatile movements in currency exchange rates. The economic impact of currency exchange rate movements on us is often linked to variability in real growth, inflation, interest rates, governmental actions and other factors. These changes, if material, could cause us to adjust our financing, operating and hedging strategies. A hypothetical 10% weakening/strengthening in foreign exchange rates to the U.S. dollar for the three and nine months ended September 30, 2011 would result in an approximate change to revenue of $0.7 million and $2.5 million, respectively. There have been no material quantitative changes in market risk exposures since December 31, 2010.

Interest Rate Risk

At September 30, 2011, we had $61.0 million outstanding under the Term Loan. Based on the amount outstanding, a 100 basis point change in interest rates would result in an approximate change to interest expense of $0.6 million. Additionally, September 30, 2011, we had $300.0 million (face amount) of Interval Senior Notes that bear interest at a fixed amount. As market rates have declined, the required payments on the fixed rate debt have exceeded those based on market rates. Based on our mix of fixed rate and floating rate debt and cash balances, we do not currently hedge our interest rate exposure. There have been no material quantitative changes in market risk exposures since December 31, 2010.

Item 4. Controls and Procedures

We monitor and evaluate on an ongoing basis our disclosure controls and internal control over financial reporting in order to improve our overall effectiveness. In the course of this evaluation, we modify and refine our internal processes as conditions warrant.

As required by Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), our management, including our Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined by Rule 13a-15(e) and 15d-15(e) under the Exchange Act). Based upon that evaluation, our Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer concluded that as of the end of the period covered by this report, our disclosure controls and procedures were effective in providing reasonable assurance that information we are required to disclose in our filings with the Securities and Exchange Commission under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms, and include controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

As required by Rule 13a-15(d) of the Exchange Act, we, under the supervision and with the participation of our management, including the Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer, also evaluated whether any changes occurred to our internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, such control. Based on that evaluation, there have been no material changes to internal controls over financial reporting.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

Not applicable

Item 1A. Risk Factors

The following risk factor supplements the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2010:

Risks related to advances and extensions of credit

In connection with obtaining or extending business relationships with our clients, on occasion we provide loans, advances and other credit to them. To the extent that these clients are unable to repay these amounts and they are not fully secured by collateral, our results of operations could be materially adversely affected.

Loss of the management contract for one of Aston's largest managed properties may adversely affect our Management and Rental segment and could lead us to record an impairment charge.

The owner of one of Aston's largest managed properties has been unable to repay or refinance the mortgage that matured on October 1, 2011. The owner has since received a notice of default. In the event the owner is unable to obtain new financing and reorganizes or liquidates under bankruptcy protection, Aston's management agreement may be terminated which could materially adversely affect the Aston business, and the financial condition and results of operations of our Management and Rental segment. The loss of this management agreement may require us to test the goodwill and other intangible assets of this reporting unit for impairment, which could result in recording an impairment charge at that time.

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

(a): Unregistered Sale of Securities. None
(b): Use of Proceeds. Not applicable
(c): Purchases of Equity Securities by the Issuer and Affiliated Purchasers: The following table sets forth information with respect to purchases of shares of our common stock, excluding commissions, made during the quarter ended September 30, 2011 by or on behalf of ILG or any "affiliated purchaser," as defined by Rule 10b-18(a)(3) of the Exchange Act. All purchases were made in accordance with Rule 10b-18 of the Exchange Act.

Period			Average Price Paid per Share			Approximate Dollar Value of Shares that May Yet Be Purchase Under the Plans or Programs(1)

July 2011	—			—	—		—
August 2011	624,700	(2)	$	11.85	624,700	$	17,598,161
September 2011	945,987		$	12.50	1,570,687	$	5,773,508

(1): On August 4, 2011, we announced that our Board of Directors had authorized the repurchase of up to $25 million of our common stock, excluding commissions. There is no time restriction on this authorization and repurchases may be made in the open-market or through privately negotiated transactions.

(2): In addition to the purchases above, in August 2011 Craig Nash, our Chairman, President and Chief Executive Officer purchased 50,000 shares at an average price of $10.76 and Jeanette Marbert, our Chief Operating Officer, purchased 5,000 shares at an average price of $10.83. Mr. Nash and Ms. Marbert may be considered "affiliated purchasers" under Rule 10b-18 of the Exchange Act.

Items 3-5. Not applicable.

Item 6. Exhibits

Exhibit Number	Description	Location

3.1	Amended and Restated Certificate of Incorporation of Interval Leisure Group, Inc.	Exhibit 3.1 to ILG's Current Report on Form 8-K, filed on August 25, 2008.
3.2	Certificate of Designations, Preferences and Rights to Series A Junior Participating Preferred Stock	Exhibit 3.2 to ILG's Quarterly Report on Form 10-Q, filed on August 11, 2009.
3.3	Amended and Restated By-Laws of Interval Leisure Group, Inc.	Exhibit 3.2 to ILG's Current Report on Form 8-K, filed on September 27, 2010.
31.1†	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act
31.2†	Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act
31.3†	Certification of the Chief Accounting Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) of the Securities Exchange Act of 1934 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act
32.1††	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
32.2††	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
32.3††	Certification of the Chief Accounting Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
101.INS*	XBRL Instance Document
101.SCH*	XBRL Taxonomy Extension Schema Document
101.CAL*	XBRL Taxonomy Calculation Linkbase Document

Exhibit Number		Description		Location

101.LAB*		XBRL Taxonomy Label Linkbase Document
101.PRE*		XBRL Taxonomy Presentation Linkbase Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document

†: Filed herewith.
††: Furnished herewith.
*: Pursuant to applicable securities laws and regulations, the registrant is deemed to have complied with the reporting obligation relating to the submission of interactive data files in such exhibits and is not subject to liability under any anti-fraud provisions or other liability provisions of the federal securities laws as long as the registrant has made a good faith attempt to comply with the submission requirements and promptly amends the interactive data files after becoming aware that the interactive data files fail to comply with the submission requirements. In addition, users of this data are advised that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Exchange Act of 1934 and otherwise are not subject to liability under these sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 4, 2011


		INTERVAL LEISURE GROUP, INC.
		By:		/s/ WILLIAM L. HARVEY William L. Harvey Chief Financial Officer
		By:		/s/ JOHN A. GALEA John A. Galea Chief Accounting Officer

QuickLinks

PART 1—FINANCIAL STATEMENTS

Item 1. Consolidated Financial Statements

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited)
INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data)
INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited)
INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2011 (Unaudited)

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

GENERAL
FINANCIAL POSITION, LIQUIDITY AND CAPITAL RESOURCES
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
ILG'S PRINCIPLES OF FINANCIAL REPORTING
RECONCILIATION OF EBITDA

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Item 4. Controls and Procedures

PART II OTHER INFORMATION

Item 1. Legal Proceedings

Item 1A. Risk Factors

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

Items 3-5. Not applicable.

Item 6. Exhibits

SIGNATURES
EX-31.1 2 a2206124zex-31_1.htm EX-31.1
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 31.1

Certification

I, Craig M. Nash, certify that:

1.

I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2011 of Interval Leisure Group, Inc.;

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(s) 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(s) 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 the 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: November 4, 2011		/s/ CRAIG M. NASH Craig M. Nash Chairman, President and Chief Executive Officer

QuickLinks

Exhibit 31.1

EX-31.2 3 a2206124zex-31_2.htm EX-31.2
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 31.2

Certification

I, William L. Harvey, certify that:

1.

I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2011 of Interval Leisure Group, Inc.;

2.

3.

4.

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.

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: November 4, 2011		/s/ WILLIAM L. HARVEY William L. Harvey Chief Financial Officer

QuickLinks

Exhibit 31.2

EX-31.3 4 a2206124zex-31_3.htm EX-31.3
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 31.3

Certification

I, John A. Galea, certify that:

1.

I have reviewed this quarterly report on Form 10-Q for the period ended September 30, 2011 of Interval Leisure Group, Inc.;

2.

3.

4.

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.

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: November 4, 2011		/s/ JOHN A. GALEA John A. Galea Chief Accounting Officer

QuickLinks

Exhibit 31.3

EX-32.1 5 a2206124zex-32_1.htm EX-32.1
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 32.1

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

I, Craig M. Nash, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to my knowledge:

(1): the Quarterly Report on Form 10-Q for the period ended September 30, 2011 of Interval Leisure Group, Inc. (the "Report") which this statement accompanies fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and
(2): the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Interval Leisure Group, Inc.


Date: November 4, 2011		/s/ CRAIG M. NASH Craig M. Nash Chairman, President and Chief Executive Officer

QuickLinks

Exhibit 32.1

EX-32.2 6 a2206124zex-32_2.htm EX-32.2
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 32.2

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

I, William L. Harvey, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to my knowledge:

(1): the Quarterly Report on Form 10-Q for the period ended September 30, 2011 of Interval Leisure Group, Inc. (the "Report") which this statement accompanies fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and
(2): the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Interval Leisure Group, Inc.


Date: November 4, 2011		/s/ WILLIAM L. HARVEY William L. Harvey Chief Financial Officer

QuickLinks

Exhibit 32.2

EX-32.3 7 a2206124zex-32_3.htm EX-32.3
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 32.3

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

I, John A. Galea, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to my knowledge:

(1): the Quarterly Report on Form 10-Q for the period ended September 30, 2011 of Interval Leisure Group, Inc. (the "Report") which this statement accompanies fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and
(2): the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Interval Leisure Group, Inc.


Date: November 4, 2011		/s/ JOHN A. GALEA John A. Galea Chief Accounting Officer

QuickLinks

Exhibit 32.3

EX-101.INS 8 iilg-20110930.xml EX-101.INS 0001434620 2010-01-01 2010-09-30 0001434620 2010-12-31 0001434620 us-gaap:SeriesAPreferredStockMember 2011-09-30 0001434620 2011-09-30 0001434620 us-gaap:SeriesAPreferredStockMember 2010-12-31 0001434620 us-gaap:TreasuryStockMember 2011-09-30 0001434620 us-gaap:CommonStockMember 2010-12-31 0001434620 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-12-31 0001434620 us-gaap:RetainedEarningsMember 2010-12-31 0001434620 us-gaap:ComprehensiveIncomeMember 2011-01-01 2011-09-30 0001434620 us-gaap:TreasuryStockMember 2010-12-31 0001434620 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0001434620 us-gaap:AdditionalPaidInCapitalMember 2011-01-01 2011-09-30 0001434620 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-01-01 2011-09-30 0001434620 us-gaap:RetainedEarningsMember 2011-01-01 2011-09-30 0001434620 us-gaap:CommonStockMember 2011-09-30 0001434620 us-gaap:CommonStockMember 2011-01-01 2011-09-30 0001434620 2011-01-01 2011-09-30 0001434620 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-09-30 0001434620 us-gaap:TreasuryStockMember 2011-01-01 2011-09-30 0001434620 2011-11-01 0001434620 2010-07-01 2010-09-30 0001434620 2011-07-01 2011-09-30 0001434620 2010-09-30 0001434620 2009-12-31 0001434620 us-gaap:RetainedEarningsMember 2011-09-30 0001434620 us-gaap:AdditionalPaidInCapitalMember 2011-09-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

86420000

7693000

19725000

66023000

221212000

-12081000

68560000

164162000

419000

756753000

83434000

124928000

11697000

100000

357576000

57710379

300000000

0.01

25000000

39189000

219050000

0.01

358000

179118000

100000

57099615

300000000

0.01

25000000

0.01

38787000

213000

9692000

14941000

9745000

94651000

11302000

978384000

24366000

5767000

16108000

-12081000

68560000

31201000

-930000

164162000

571000

-930000

36000

841000

-3517000

456000

8840000

562600

6000

48164

36000

-13011000

841000

-3511000

456000

8840000

31201000

-930000

56013887 Accelerated Filer Yes --12-31 false 2011-09-30

96878000

10-Q 0001434620 Interval Leisure Group, Inc. Q3 2011

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 14SUPPLEMENTAL GUARANTOR INFORMATION         The Interval Senior Notes are guaranteed by ILG and the domestic subsidiaries of the Issuer. These guarantees are full and unconditional and joint and several.         The following tables present condensed consolidating financial information as of September 30, 2011 and December 31, 2010 and for the three and nine months ended September 30, 2011 and 2010 for ILG on a stand-alone basis, the Issuer on a stand-alone basis, the combined guarantor subsidiaries of ILG (collectively, the "Guarantor Subsidiaries"), the combined non-guarantor subsidiaries of ILG (collectively, the "Non-Guarantor Subsidiaries") and ILG on a consolidated basis (in thousands). <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 54%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="150%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left" colspan="2"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 63pt; BORDER-BOTTOM: #000000 1pt solid">Balance Sheet as of September 30, 2011 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Total Eliminations </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Current assets</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">767</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">83</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">186,297</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">91,099</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">278,246</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Property and equipment, net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">651</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">47,915</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">2,212</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">50,778</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Goodwill and intangible assets, net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">290,158</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">303,491</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">593,649</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Investment in subsidiaries</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">251,542</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">915,366</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,157</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1,224,065</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Other assets</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">3,064</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">43,653</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">8,284</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">55,001</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> Total assets</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">252,960</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">1,208,671</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">638,513</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">101,595</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(1,224,065</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">977,674</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Current liabilities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">2,221</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">2,619</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">143,974</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">26,589</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">175,403</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Other liabilities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">342,753</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">203,566</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">15,787</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">562,106</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Intercompany liabilities (receivables)/equity</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">10,994</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">611,757</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(624,813</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">2,062</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Redeemable noncontrolling interest</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">420</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">420</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Stockholders' equity</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">239,745</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">251,542</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">915,366</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,157</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1,224,065</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">239,745</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Total liabilities and equity</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">252,960</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">1,208,671</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">638,513</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">101,595</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(1,224,065</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">977,674</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 54%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="150%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left" colspan="2"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 61pt; BORDER-BOTTOM: #000000 1pt solid">Balance Sheet as of December 31, 2010 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Total Eliminations </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Current assets</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">321</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">59</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">187,817</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">84,549</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">272,746</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Property and equipment, net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">740</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">48,923</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">1,237</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">50,900</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Goodwill and intangible assets, net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">305,878</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">302,619</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">608,497</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Investment in subsidiaries</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">216,310</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">832,671</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">46,987</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1,095,968</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Other assets</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">4,435</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">33,404</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">8,402</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">46,241</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> Total assets</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">217,371</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">1,143,043</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">619,750</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">94,188</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(1,095,968</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">978,384</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Current liabilities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">365</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">9,745</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">141,807</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">27,201</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">179,118</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Other liabilities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">355,893</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">204,973</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">16,769</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">577,635</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Intercompany liabilities (receivables)/equity</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(4,206</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">561,095</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(560,120</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">3,231</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times" colspan="2"> Redeemable noncontrolling interest</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">419</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">419</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Stockholders' equity</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">221,212</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">216,310</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">832,671</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">46,987</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1,095,968</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">221,212</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> Total liabilities and equity</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">217,371</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">1,143,043</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">619,750</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">94,188</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(1,095,968</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">978,384</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 57%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="140%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="54"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="60"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 133pt; BORDER-BOTTOM: #000000 1pt solid">Statement of Income for the Three Months Ended September 30, 2011 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Total Eliminations </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Revenue</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">95,292</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">11,421</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">106,713</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Operating expenses</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(705</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(5,240</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(67,400</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(8,109</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(81,454</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Interest income (expense), net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(8,755</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">230</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">196</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(8,329</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Other income</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">11,867</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">20,464</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">3,679</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">2,518</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(36,040</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">2,488</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Income tax benefit (provision)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">272</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">5,398</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(11,334</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(2,318</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(7,982</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">11,434</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">11,867</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">20,467</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">3,708</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(36,040</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">11,436</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Net income attributable to noncontrolling interest</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(2</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(2</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income attributable to common stockholders</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">11,434</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">11,867</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">20,465</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">3,708</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(36,040</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">11,434</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 57%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="140%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="54"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="60"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 135pt; BORDER-BOTTOM: #000000 1pt solid">Statement of Income for the Three Months Ended September 30, 2010 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Total Eliminations </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Revenue</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">89,444</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">11,044</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">100,488</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Operating expenses</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(665</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(5,240</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(61,436</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(8,388</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(75,729</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Interest income (expense), net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(9,019</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">330</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(38</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(8,727</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Other income (loss)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">9,701</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">18,459</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">1,228</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(800</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(29,290</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(702</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Income tax benefit (provision)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">256</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">5,501</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(11,107</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(688</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(6,038</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">9,292</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">9,701</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">18,459</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">1,130</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(29,290</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">9,292</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Net loss (income) attributable to noncontrolling interest</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income attributable to common stockholders</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">9,292</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">9,701</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">18,459</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">1,130</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(29,290</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">9,292</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 57%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="140%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="54"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="60"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 132pt; BORDER-BOTTOM: #000000 1pt solid">Statement of Income for the Nine Months Ended September 30, 2011 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Total Eliminations </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Revenue</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">291,865</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">37,385</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">329,250</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Operating expenses</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(2,189</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(15,720</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(205,406</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(27,649</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(250,964</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Interest income (expense), net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(26,337</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">364</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(75</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(26,048</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Other income, net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">33,477</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">59,308</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">6,313</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">1,052</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(99,392</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">758</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Income tax benefit (provision)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">843</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">16,223</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(33,827</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(4,103</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(20,864</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">32,131</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">33,474</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">59,309</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">6,610</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(99,392</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">32,132</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Net income attributable to noncontrolling interest</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income attributable to common stockholders</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">32,131</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">33,474</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">59,308</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">6,610</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(99,392</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">32,131</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 57%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="140%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="54"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="60"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 132pt; BORDER-BOTTOM: #000000 1pt solid">Statement of Income for the Nine Months Ended September 30, 2010 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Total Eliminations </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Revenue</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">279,442</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">36,486</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">315,928</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Operating expenses</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(2,051</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(15,720</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(185,856</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(25,881</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(229,508</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Interest income (expense), net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(27,378</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">797</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(127</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(26,708</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Other income (expense), net</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">37,285</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">63,758</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">5,925</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1,089</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(106,874</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(995</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Income tax benefit (provision)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">791</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">16,625</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(36,553</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(3,558</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(22,695</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">36,025</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">37,285</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">63,755</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">5,831</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(106,874</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">36,022</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Net loss attributable to noncontrolling interest</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">3</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">3</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net income attributable to common stockholders</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">36,025</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">37,285</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">63,758</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">5,831</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(106,874</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">36,025</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 67%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="120%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="54"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 132pt; BORDER-BOTTOM: #000000 1pt solid">Statement of Cash Flows for the Nine Months Ended September 30, 2011 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Cash flows provided by (used in) operating activities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(2,321</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(14,072</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">84,622</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">8,628</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">76,857</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Cash flows provided by (used in) investing activities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">22,106</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">28,616</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(79,856</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(2,532</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(31,666</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Cash flows used in financing activities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(19,785</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(14,544</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(34,329</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Effect of exchange rate changes on cash and cash equivalents</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(412</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(412</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Cash and cash equivalents at beginning of period</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">101,339</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">79,163</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">180,502</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Cash and cash equivalents at end of period</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">106,105</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">84,847</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">190,952</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 73%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="110%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="44"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="54"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 132pt; BORDER-BOTTOM: #000000 1pt solid">Statement of Cash Flows for the Nine Months Ended September 30, 2010 </div></th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Interval Acquisition Corp. </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Non- Guarantor Subsidiaries </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">ILG Consolidated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Cash flows provided by (used in) operating activities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(1,612</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">(14,400</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">78,434</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">9,248</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">71,670</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Cash flows provided by (used in) investing activities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">1,658</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">44,050</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(58,279</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">71</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(12,500</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Cash flows used in financing activities</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(46</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(29,650</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(1,248</td> <td style="FONT-FAMILY: times">)</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">(30,944</td> <td style="FONT-FAMILY: times">)</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Effect of exchange rate changes on cash and cash equivalents</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">811</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">811</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Cash and cash equivalents at beginning of period</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">92,265</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">67,749</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">160,014</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Cash and cash equivalents at end of period</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right"></td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">111,172</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">77,879</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">189,051</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div></td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 13COMMITMENTS AND CONTINGENCIES         In the ordinary course of business, ILG is a party to various legal proceedings. ILG establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. ILG does not establish reserves for identified legal matters when ILG believes that the likelihood of an unfavorable outcome is not probable. Although management currently believes that an unfavorable resolution of claims against ILG, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of ILG, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. ILG also evaluates other contingent matters, including tax contingencies, to assess the probability and estimated extent of potential loss. See Note 10 for a discussion of income tax contingencies.         ILG has funding commitments that could potentially require its performance in the event of demands by third parties or contingent events. At September 30, 2011, guarantees, surety bonds and letters of credit totaled $17.3 million, with the highest annual amount of $6.6 million occurring in year one. Guarantees represent $14.9 million of this total and primarily relate to the Management and Rental segment's hotel and resort management agreements of Aston, including those with guaranteed dollar amounts, and accommodation leases supporting the management activities of Aston, entered into on behalf of the property owners for which either party may terminate such leases upon 60 days prior written notice to the other. In addition, certain of the Management and Rental segment's hotel and resort management agreements of Aston provide that owners receive specified percentages of the revenue generated under its management. In these cases, the operating expenses for the rental operations are paid from the revenue generated by the rentals, the owners are then paid their contractual percentages, and the Management and Rental segment either retains the balance (if any) as its management fee or makes up the deficit. Although such deficits are reasonably possible in a few of these agreements, as of September 30, 2011, amounts are not expected to be significant, individually or in the aggregate.         The purchase obligations primarily relate to future guaranteed purchases of rental inventory, operational support services and membership fulfillment benefits. Aston also enters into agreements, as principal, for services purchased on behalf of property owners for which it is subsequently reimbursed. As such, Aston is the primary obligor and may be liable for unreimbursed costs. As of September 30, 2011, amounts pending reimbursements are not significant. European Union Value Added Tax Matter         In 2009, the European Court of Justice issued a judgment related to Value Added Tax ("VAT") in Europe against an unrelated party. The judgment affects companies who transact within the European Union ("EU"), specifically providers of vacation interest exchange services, and altered the manner in which the Membership and Exchange segment accounts for VAT on its revenues as well as to which EU country VAT is owed. As of September 30, 2011 and December 31, 2010, ILG had an accrual of $4.4 million and $5.4 million, respectively, related to this matter. The change in accrual relates to a change in estimate primarily to update the periods for which VAT is due, as well as the effect of foreign currency remeasurements. Because of the uncertainty surrounding the ultimate outcome and settlement of these VAT liabilities, it is reasonably possible that future costs to settle these VAT liabilities may range from $4.4 million up to approximately $6.8 million based on quarter-end exchange rates. ILG believes that the $4.4 million accrual at September 30, 2011 is our best estimate of probable future obligations for the settlement of these VAT liabilities. The difference between the probable and reasonably possible amounts is primarily attributable to the assessment of certain potential penalties.</td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 12COMPREHENSIVE INCOME         Comprehensive income is comprised of the following (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Three Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Nine Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Net income attributable to common stockholders</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">11,434</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">9,292</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">32,131</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">36,025</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Foreign currency translation</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(3,567</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,270</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(930</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">1,468</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Comprehensive income</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">7,867</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">11,562</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">31,201</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">37,493</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         Accumulated other comprehensive income (loss) is solely related to foreign currency translation. Only the accumulated other comprehensive income (loss) exchange rate adjustment related to Venezuela is tax effected, as required by FASB guidance codified in ASC Topic 740, since the earnings in Venezuela are not indefinitely reinvested in that jurisdiction. </td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 11SEGMENT INFORMATION         The overall concept that ILG employs in determining its operating segments and related financial information is to present them in a manner consistent with how the chief operating decision maker views the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of products or services offered or the target market. ILG consists of two operating segments which are also reportable segments. Membership and Exchange, our principal business segment, offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Management and Rental, our other business segment, provides hotel, condominium resort, timeshare resort and homeowners association management, and vacation rental services to both vacationers and vacation property owners.         Information on reportable segments and reconciliation to consolidated operating income is as follows (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="3">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Three Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Nine Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="3">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> Membership and Exchange</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Revenue</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">86,222</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">83,649</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">270,001</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">268,372</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Cost of sales</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">19,565</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">18,165</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">63,027</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">59,099</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Gross profit</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">66,657</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">65,484</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">206,974</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">209,273</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Selling and marketing expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">12,421</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">11,781</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">38,580</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">36,878</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> General and administrative expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">20,667</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">21,546</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">64,535</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">62,063</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Amortization expense of intangibles</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,420</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,257</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,269</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">15,771</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Depreciation expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">3,097</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,426</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">9,286</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">7,069</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Segment operating income</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">25,052</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">24,474</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">78,304</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">87,492</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> Management and Rental</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Management fee revenue</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">8,484</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">6,071</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">24,229</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,389</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Pass-through revenue</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">12,007</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">10,768</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">35,020</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">31,167</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Total revenue</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">20,491</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,839</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">59,249</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">47,556</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Cost of sales</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">15,143</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">13,010</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">44,537</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">37,779</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Gross profit</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,348</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">3,829</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">14,712</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">9,777</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Selling and marketing expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">920</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">752</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,635</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,311</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> General and administrative expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,589</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">1,256</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">7,196</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">3,960</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Amortization expense of intangibles</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">1,410</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">1,318</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">4,179</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">3,954</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Depreciation expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">222</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">218</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">720</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">624</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Segment operating income (loss)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">207</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">285</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(18</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(1,072</td> <td style="FONT-FAMILY: times" valign="bottom">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> Consolidated</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Revenue</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">106,713</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">100,488</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">329,250</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">315,928</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Cost of sales</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">34,708</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">31,175</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">107,564</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">96,878</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Gross profit</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">72,005</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">69,313</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">221,686</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">219,050</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Direct segment operating expenses</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">46,746</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">44,554</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">143,400</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">132,630</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Operating income</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">25,259</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">24,759</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">78,286</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">86,420</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="3"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         ILG maintains operations in the United States and other international territories, primarily the United Kingdom. Geographic information on revenue, which is based on sourcing, and long-lived assets, which are based on physical location, is presented below (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Three Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Nine Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Revenue:</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> United States</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">90,658</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">85,091</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">277,772</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">266,307</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> All other countries</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,055</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">15,397</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">51,478</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">49,621</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Total</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">106,713</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">100,488</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">329,250</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">315,928</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">September 30, 2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">December 31, 2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" colspan="2"> Long-lived assets, net (excluding goodwill and other intangible assets):</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> United States</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">48,568</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">49,663</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> All other countries</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">2,210</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">1,237</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> Total</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">50,778</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">$</td> <td style="FONT-FAMILY: times" align="right">50,900</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div></td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 10INCOME TAXES         ILG calculates its interim income tax provision in accordance with ASC 740. At the end of each interim period, ILG makes its best estimate of the annual expected effective tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax or benefit related to significant, unusual, or extraordinary items that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. In addition, the effect of a change in enacted tax laws or rates, tax status, or judgment on the realizability of a beginning-of-the-year deferred tax asset in future years is recognized in the interim period in which the change occurs.         The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected operating income for the year, projections of the proportion of income (or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is acquired, additional information is obtained or ILG's tax environment changes. To the extent that the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.         A valuation allowance for deferred tax assets is provided when it is more likely than not that certain deferred tax assets will not be realized. Realization is dependent upon the generation of future taxable income or the reversal of deferred tax liabilities during the periods in which those temporary differences become deductible. We consider the history of taxable income in recent years, the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies to make this assessment.         For the three and nine months ended September 30, 2011, ILG recorded an income tax provision for continuing operations of $8.0 million and $20.9 million, respectively, which represents effective tax rates of 41.1% and 39.4% for the respective periods. These tax rates are higher than the federal statutory rate of 35% due principally to state and local income taxes partially offset by foreign income taxed at lower rates. During the nine months ended September 30, 2011, the effective tax rate increased due to other income tax items, the most significant related to the effect of changes in tax laws in the U.K., as discussed further below, that were enacted during the third quarter of 2011.         For the three and nine months ended September 30, 2010, ILG recorded an income tax provision for continuing operations of $6.0 million and $22.7 million, respectively, which represents effective tax rates of 39.4% and 38.7% for the respective periods. These tax rates are higher than the federal statutory rate of 35% due principally to state and local income taxes partially offset by foreign income taxed at lower rates.         As of September 30, 2011 and December 31, 2010, ILG had unrecognized tax benefits of $0.9 million and $1.0 million, respectively. There were no material increases or decreases in unrecognized tax benefits for the three months ended September 30, 2011. During the nine months ended September 30, 2011, the unrecognized tax benefits decreased by approximately $0.1 million during the first quarter of 2011 as a result of the expiration of the statute of limitations related to foreign taxes. ILG recognizes interest and, if applicable, penalties related to unrecognized tax benefits in income tax expense. There were no material accruals for interest for the three and nine months ended September 30, 2011. During the nine months ended September 30, 2011, interest and penalties decreased by approximately $0.1 million during the first quarter of 2011 as a result of the expiration of the statute of limitations related to foreign taxes. As of September 30, 2011, ILG had accrued $0.8 million for interest and penalties.         ILG believes that it is reasonably possible that its unrecognized tax benefits could decrease by approximately $0.1 million within twelve months of the current reporting date due primarily to the expiration of the statute of limitations related to foreign taxes. An estimate of other changes in unrecognized tax benefits cannot be made, but is not expected to be significant.         By virtue of previously filed separate company and consolidated tax returns with IAC, ILG is routinely under audit by federal, state, local and foreign taxing authorities. These audits include questioning the timing and the amount of deductions and the allocation of income among various tax jurisdictions. Income taxes payable include amounts considered sufficient to pay assessments that may result from examination of prior year returns; however, the amount paid upon resolution of issues raised may differ from the amount provided. Differences between the reserves for tax contingencies and the amounts owed by ILG are recorded in the period they become known. Under the Tax Sharing Agreement, IAC indemnifies ILG for all consolidated tax liabilities and related interest and penalties for the pre-spin period.         The Internal Revenue Service ("IRS") has completed its review of IAC's consolidated tax returns for the years ended December 31, 2001 through 2006, which includes our operations from September 24, 2002, our date of acquisition by IAC. The settlement has not yet been submitted to the Joint Committee of Taxation for approval. In July 2011, the IRS began its review of IAC's consolidated tax returns for the years ended December 31, 2007 through 2009, which also includes our operations until the time of the spin-off in August 2008. The statute of limitations for the years 2001 through 2007 have currently been extended to December 31, 2012. Various IAC consolidated tax returns that include our operations, filed with state and local jurisdictions, are currently under examination, the most significant of which are California, New York and New York City for various tax years beginning with December 31, 2003. The IRS is also currently examining ILG's Federal consolidated tax return for the short period following the spin-off and ended December 31, 2008. This examination is expected to be completed prior to the expiration of the statute of limitations in 2012. Additionally, ILG received a notice from the State of Florida that the consolidated state tax return for the short period following the spin-off and ended December 31, 2008 as well as for the tax year ended December 31, 2009, will be examined. The Florida statute of limitations for the short period following the spin-off and ended December 31, 2008 and for the tax year ended December 31, 2009 has been extended to 2013 and 2014, respectively.         During 2010, the U.K. Finance Act of 2010 was enacted, which reduced the U.K. corporate income tax rate from 28% to 27%, effective April 1, 2011. The impact of this 2010 U.K. rate reduction to ILG's effective tax rate was reflected in the third quarter of 2010, the reporting period when the law was enacted. During the third quarter 2011, the U.K. Finance Act of 2011 was enacted, which further reduced the U.K. corporate income tax rate to 26%, effective April 1, 2011 and 25%, effective April 1, 2012. The impact of the U.K. rate reduction to 26% and 25% has been reflected in the current reporting period. It reduced our U.K. net deferred tax asset and increased income tax expense by $0.4 million. The change in the corporate tax rate initially negatively impacts income tax expense as the future benefit expected to be realized from our U.K. net deferred tax assets decreases; however, going forward, the lower corporate tax rate will decrease income tax expense and favorably impact our effective tax rate. Tax Sharing Agreement         In connection with the spin-off, we entered into a Tax Sharing Agreement with members of the IAC group that were spun-off. As of September 21, 2010, various restrictions under the Tax Sharing Agreement lapsed. </td></tr></table>

315928000

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 8BENEFIT PLANS         Under a retirement savings plan sponsored by ILG, qualified under Section 401(k) of the Internal Revenue Code, participating employees may contribute up to 50.0% of their pre-tax earnings, but not more than statutory limits. ILG provides a discretionary match under the ILG plan of fifty cents for each dollar a participant contributed into the plan with a maximum contribution of 3% of a participant's eligible earnings, subject to IRS restrictions. On March 1, 2011, we reinstated the matching contributions under the 401(k) plan which had been suspended since March 1, 2009. Matching contributions for the ILG plan were approximately $0.2 million and $0.7 million for the three and nine months ended September 30, 2011, respectively. Matching contributions were invested in the same manner as each participant's voluntary contributions in the investment options provided under the plan.         Effective August 20, 2008, a deferred compensation plan (the "Director Plan") was established to provide non-employee directors of ILG an option to defer director fees on a tax-deferred basis. Participants in the Director Plan are allowed to defer a portion or all of their compensation and are 100% vested in their respective deferrals and earnings. With respect to director fees earned for services performed after the date of such election, participants may choose from receiving cash or stock at the end of the deferral period. ILG has reserved 100,000 shares of common stock for issuance pursuant to this plan, of which 29,003 share units were outstanding at September 30, 2011. ILG does not provide matching or discretionary contributions to participants in the Director Plan. Any deferred compensation elected to be received in stock is included in diluted earnings per share. </td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 6FAIR VALUE MEASUREMENTS         In accordance with ASC Topic 820, "Fair Value Measurements and Disclosures," ("ASC 820") the fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: <ul> <li style="list-style: none"> Level 1Observable inputs that reflect quoted prices in active markets Level 2Inputs other than quoted prices in active markets that are either directly or indirectly observable Level 3Unobservable inputs in which little or no market data exists, therefore requiring the company to develop its own assumptions </li></ul>         As part of the acquisition of TPI in November 2010, we may be obligated to pay contingent consideration in an amount ranging from zero up to a total of $5.0 million to TPI's former owners during the three year period subsequent to the acquisition should TPI meet certain earnings targets. We calculated the fair value of the contingent consideration as of November 30, 2010, the acquisition date, to be $2.7 million using a probability-weighted income approach and based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The fair value of the total contingent consideration increased $1.5 million from $2.7 million as of December 31, 2010 to $4.2 million as of September 30, 2011, of which $1.2 million of the increase is due to revisions to the estimated earnings used in our calculation of the fair value of the contingent consideration and $0.3 million is due to the accretion of interest on the fair value of the contingent consideration which was discounted to its net present value. The revisions to estimated earnings were primarily to reflect actual and updated forecast results in the calculation of the fair value of the contingent consideration.         Of this total contingent consideration, $1.5 million is included in other short-term liabilities and $2.7 million is included in other long-term liabilities in our consolidated balance sheet as of September 30, 2011. Changes in the fair value of the contingent consideration resulting from events after the acquisition date are recognized in earnings in our consolidated statements of income, and may result from changes in discount periods and rates and changes in the timing and amount of financial estimates.         As of September 30, 2011, there have been no transfers of inputs used in measuring fair value between the three-tier fair value hierarchy since December 31, 2010. Fair Value of Financial Instruments         The estimated fair value of financial instruments below has been determined using available market information and appropriate valuation methodologies, as applicable. There have been no changes in the methods and significant assumptions used to estimate the fair value of financial instruments during the three and nine months ended September 30, 2011. <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">September 30, 2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">December 31, 2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Carrying Amount </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Fair Value </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Carrying Amount </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Fair Value </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="FONT-FAMILY: times" align="center" colspan="11">(In thousands) </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Cash and cash equivalents</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">190,952</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">190,952</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">180,502</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">180,502</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Restricted cash and cash equivalents</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">3,108</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">3,108</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">4,118</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">4,118</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Loans receivable</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,150</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,150</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right"></td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right"></td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Total debt</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(344,436</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(380,125</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(357,576</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(403,000</td> <td style="FONT-FAMILY: times" valign="bottom">)</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Guarantees, surety bonds and letters of credit</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">N/A</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(17,288</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">N/A</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(21,238</td> <td style="FONT-FAMILY: times" valign="bottom">)</td></tr></table></div> </div>         The carrying amounts of cash and cash equivalents and restricted cash and cash equivalents reflected in the accompanying consolidated balance sheets approximate fair value as they are redeemable at par upon notice or maintained with various high-quality financial institutions and have original maturities of three months or less. Under the fair value hierarchy established in ASC 820, cash and cash equivalents and restricted cash and cash equivalents are stated at fair value based on quoted prices in active markets for identical assets.         The loans receivable pertains to secured loans issued in the second quarter of 2011 to third parties. These loans mature in 2014, with interest payable monthly at a rate comparable to market rate. These receivables are recorded at the time of origination for the principal amount financed and are carried at amortized cost, net of any allowance for credit losses, which approximates fair value using inputs such as interest rates and credit risk as of September 30, 2011, which in part are unobservable. The loans receivable balances are grouped and presented within other non-current assets in our consolidated balance sheet as of September 30, 2011. Interest income associated with the loans is recognized in the interest income line item in our consolidated statements of income.         Borrowings under our Interval Senior Notes and term loan are carried at historical cost and adjusted for amortization of the discount on our Interval Senior Notes and principal payments. The fair value of our Interval Senior Notes was estimated at September 30, 2011 and December 31, 2010 using an input of quoted prices from an inactive market due to the infrequency at which trades occur on our Interval Senior Notes. The fair value of our term loan was estimated at September 30, 2011 and December 31, 2010 using inputs such as interest rates and credit risk.         The guarantees, surety bonds, and letters of credit represent liabilities that are carried on our balance sheet only when a future related contingent event becomes probable and reasonably estimable. These commitments are in place to facilitate our commercial operations. </td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 4PROPERTY AND EQUIPMENT         Property and equipment, net is as follows (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">September 30, 2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">December 31, 2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Computer equipment</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">19,155</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">18,189</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Capitalized software</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">72,359</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">67,054</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Buildings and leasehold improvements</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">21,328</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">21,222</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Furniture and other equipment</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">11,585</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">11,088</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Projects in progress</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,913</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">1,128</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2">  </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">127,340</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">118,681</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Less: accumulated depreciation and amortization</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(76,562</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(67,781</td> <td style="FONT-FAMILY: times" valign="bottom">)</td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Total property and equipment, net</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">50,778</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">50,900</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div></td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 3GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill         Pursuant to FASB guidance as codified within ASC 350, "IntangiblesGoodwill and Other," goodwill acquired in business combinations is assigned to the reporting unit(s) expected to benefit from the combination as of the acquisition date. ILG considers our Membership and Exchange and Management and Rental segments to be individual reporting units which are also individual operating segments of ILG. ILG tests goodwill and other indefinite-lived intangible assets for impairment annually as of October 1, or more frequently if events or changes in circumstances indicate that the assets might be impaired. If the carrying amount of a reporting unit's goodwill exceeds its implied fair value, an impairment loss equal to the excess is recorded. If the carrying amount of an indefinite-lived intangible asset exceeds its estimated fair value, an impairment loss equal to the excess is recorded.         As of October 1, 2010, we reviewed the carrying value of goodwill and other intangible assets of each of our reporting units. As of October 1, 2010, the Membership and Exchange and Management and Rental reporting units' goodwill was $474.7 million and $5.2 million, respectively. We performed the first step of the impairment test on both our reporting units and concluded that each reporting unit's fair value exceeded its carrying value and, therefore, the second step of the impairment test was not necessary.         From the date of our last impairment test, October 1, 2010, through September 30, 2011, we did not identify any triggering events that would more likely than not reduce the fair value of either of our reporting units below its carrying value which would have required an interim impairment test.         The balance of goodwill and other intangible assets, net is as follows (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">September 30, 2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">December 31, 2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Goodwill</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">488,027</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">488,027</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Other intangible assets with indefinite lives</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">37,616</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">37,616</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Intangible assets with definite lives, net</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">68,006</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">82,854</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Total goodwill and other intangible assets, net</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">593,649</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">608,497</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         There were no changes in the carrying amount of goodwill for the nine months ended September 30, 2011. Goodwill related to the Membership and Exchange and Management and Rental segments (each a reporting unit) was $480.6 million and $7.4 million as of September 30, 2011 and December 31, 2010, respectively. Other Intangible Assets         Intangible assets with indefinite lives relate principally to tradenames and trademarks. At September 30, 2011, intangible assets with definite lives relate to the following (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Cost </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Accumulated Amortization </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Net </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Customer relationships</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">129,500</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(116,833</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">12,667</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Purchase agreements</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">75,879</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(66,706</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">9,173</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Resort management contracts</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">53,766</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(14,603</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">39,163</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Technology</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">24,726</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(24,657</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">69</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Other</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">17,427</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(10,493</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">6,934</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Total</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">301,298</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(233,292</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">68,006</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         At December 31, 2010, intangible assets with definite lives relate to the following (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left" width="10"></td> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Cost </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Accumulated Amortization </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Net </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Customer relationships</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">129,500</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(107,116</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">22,384</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Purchase agreements</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">75,879</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(60,835</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">15,044</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Resort management contracts</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">48,166</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(11,738</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">36,428</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Technology</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">24,726</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(24,633</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">93</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> Other</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">17,427</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(8,522</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">8,905</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" valign="bottom"> Total</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">295,698</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(212,844</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">82,854</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         Amortization of intangible assets with definite lives is computed primarily on a straight-line basis. Total amortization expense for intangible assets with definite lives was $6.8 million and $6.6 million for the three months ended September 30, 2011 and 2010, respectively, and $20.4 million and $19.7 million for the nine months ended September 30, 2011 and 2010, respectively. Based on December 31, 2010 balances, such amortization for the next five years and thereafter is estimated to be as follows (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 94pt; BORDER-BOTTOM: #000000 1pt solid">Years Ending December 31, </div></th> <th style="FONT-FAMILY: times"> </th> <th style="FONT-FAMILY: times" align="center" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> 2011</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">27,184</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> 2012</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">20,828</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> 2013</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,447</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> 2014</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,291</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> 2015</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,183</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> 2016 and thereafter</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">18,921</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom">  </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">82,854</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div></td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 2SIGNIFICANT ACCOUNTING POLICIES         Our significant accounting policies were described in Note 2 to our audited consolidated financial statements included in our 2010 Annual Report on Form 10-K. There have been no significant changes in our significant accounting policies for the nine months ended September 30, 2011. Accounting Estimates         ILG's management is required to make certain estimates and assumptions during the preparation of its consolidated financial statements in accordance with U.S. GAAP. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates.         Significant estimates underlying the accompanying consolidated financial statements include: the recovery of goodwill and long-lived and other intangible assets; purchase price allocations; the determination of deferred income taxes including related valuation allowances; the determination of deferred revenue and membership costs; and the determination of stock-based compensation. Earnings per Share         Basic earnings per share attributable to common stockholders is computed by dividing the net income attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Treasury stock is excluded from the weighted average number of shares of common stock. Diluted earnings per share attributable to common stockholders is computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are common stock equivalents that are freely exercisable into common stock at less than market prices or otherwise dilute earnings if converted. The net effect of common stock equivalents is based on the incremental common stock that would be issued upon the assumed exercise of common stock options and the vesting of restricted stock units ("RSUs") using the treasury stock method. Common stock equivalents are not included in diluted earnings per share when their inclusion is antidilutive. The computations of diluted earnings per share available to common stockholders do not include approximately 1.6 million stock options and RSUs for the three and nine months ended September 30, 2011 and 1.4 million stock options and RSUs for the three and nine months ended September 30, 2010, as the effect of their inclusion would have been antidilutive to earnings per share.         The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share is as follows (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Three Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Nine Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Basic weighted average shares of common stock outstanding</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,245</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">56,993</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,302</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">56,835</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Net effect of common stock equivalents assumed to be vested related to RSUs</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">602</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">686</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">759</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">744</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> Net effect of common stock equivalents assumed to be exercised related to stock options held by non-employees</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">14</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">43</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">24</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">52</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> Diluted weighted average shares of common stock outstanding</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,861</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,722</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">58,085</td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times"> </td> <td style="FONT-FAMILY: times" align="right">57,631</td> <td style="FONT-FAMILY: times"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div> Recent Accounting Pronouncements         With the exception of those discussed below, there have been no recent accounting pronouncements or changes in accounting pronouncements since the recent accounting pronouncements described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2010 that are of significance, or potential significance, to ILG based on our current operations. The following summary of recent accounting pronouncements is not intended to be an exhaustive description of the respective pronouncement.         In September 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2011-08, "Testing Goodwill for Impairment" (amendments to ASC Topic 320-20, "Goodwill") ("ASU 2011-08"). ASU 2011-08 amends the testing of goodwill for impairment. Under the revised guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of a reporting unit. If entities determine, on the basis of qualitative factors, that it is more likely than not that the fair value of the reporting unit is below the carrying amount, the two-step impairment test would be required. The ASU does not change how goodwill is calculated or assigned to reporting units and it does not revise the requirement to test goodwill annually for impairment. The amendments in this ASU are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. We adopted this guidance as of October 1, 2011. The adoption of ASU 2011-08 will not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.         In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income" ("ASU 2011-05"). ASU 2011-05 requires entities to report components of comprehensive income in either a continuous statement of other comprehensive income ("OCI") or two separate but consecutive statements. The ASU does not change the items that must be reported in OCI and does not require any incremental disclosures. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2011 and must be applied retrospectively for all periods presented in the financial statements. Early adoption is permitted. While the guidance will impact the presentation within our financial statements, we do not anticipate the adoption of this guidance will have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.         In May 2011, the FASB issued ASU 2011-04, "Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards ("IFRS")" ("ASU 2011-04"). ASU 2011-04 provides a consistent definition of fair value to ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS and provides clarification about the application of existing fair value measurement and disclosure requirements. The ASU also expands certain other disclosure requirements, particularly pertaining to Level 3 fair value measurements. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2011 and will be applied prospectively. Early application is not permitted. We are currently assessing the future impact, if any, of this new accounting update to our consolidated financial statements. Adopted Accounting Pronouncements         In April 2011, the FASB issued ASU 2011-02, "A Creditor's Determination of Whether Restructuring Is a Troubled Debt Restructuring" ("ASU 2011-02"). ASU 2011-02 provides additional guidance to creditors for evaluating whether a modification or restructuring of a receivable is a troubled debt restructuring. Specifically, creditors are required to consider whether the debtor is experiencing financial difficulties or whether the creditor has granted a concession. This guidance was effective for us for the first interim period beginning on or after June 15, 2011. We are required to apply this ASU retrospectively for all modifications and restructuring activities that have occurred from January 1, 2011. We adopted this guidance as of July 1, 2011. The adoption of ASU 2011-02 as of July 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.         In December 2010, the FASB issued ASU 2010-29, "Disclosure of Supplementary Pro Forma Information for Business Combinations" ("ASU 2010-29"). ASU 2010-29 requires public entities that present comparative financial statements to disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the year had occurred as of the beginning of the comparable prior annual reporting period only. The ASU also expands the supplemental pro forma disclosures under Topic 805 to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The ASU is effective prospectively for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2010, with early adoption permitted. We adopted this guidance as of January 1, 2011. The adoption of ASU 2010-29 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.         In July 2010, the FASB issued ASU 2010-20, "Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses" ("ASU 2010-20"). ASU 2010-20 requires enhanced disclosures about the credit quality of financing receivables and the allowance for credit losses. These enhanced disclosures include, but are not limited to, a greater level of disaggregated and qualitative information about the credit quality of their financing receivables and their allowances for credit losses. As of December 31, 2010, we adopted the required disclosures, which was effective for interim and annual reporting periods ending on or after December 15, 2010. As of January 1, 2011, we adopted the required disclosures about activity that occurs during a reporting period, which is effective for interim and annual reporting periods beginning on or after December 15, 2010. The full adoption of ASU 2010-20 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.         In January 2010, the FASB issued ASU 2010-06, "Improving Disclosures About Fair Value Measurements," (amendments to ASC Topic 820, "Fair Value Measurements and Disclosures") ("ASU 2010-06") which requires reporting entities to make new disclosures about recurring or nonrecurring fair-value measurements including significant transfers into and out of Level 1 and Level 2 fair-value measurements and information on purchases, sales, issuances, and settlements on a gross basis in the reconciliation of Level 3 fair value measurements. The ASU also clarifies existing fair value disclosures about the level of disaggregation and about inputs and valuation techniques used to measure fair value. As of January 1, 2010, we adopted the requisite disclosures regarding significant transfers between Level 1 and 2 fair value measurements, which was effective for annual reporting periods beginning after December 15, 2009. As of January 1, 2011, we adopted the required Level 3 reconciliation disclosures which were effective for annual periods beginning after December 15, 2010. The full adoption of ASU 2010-06 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.         In October 2009, the FASB issued ASU 2009-13, "Multiple-Deliverable Revenue Arrangements," (amendments to ASC Topic 605, "Revenue Recognition") ("ASU 2009-13"). ASU 2009-13 updates the existing multiple-element revenue arrangements guidance included under ASC 605-25. The revised guidance modifies the criteria for recognizing revenue in multiple element arrangements and expands the disclosure requirements for revenue recognition. ASU 2009-13 is effective for the first annual reporting period beginning on or after June 15, 2010, with early adoption permitted provided that the revised guidance is retroactively applied to the beginning of the year of adoption. We prospectively adopted this guidance as of January 1, 2011. The adoption of ASU 2009-13 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures and is not expected to have a material effect in future periods based on multiple-element arrangements in effect at adoption. Additionally, as of January 1, 2011, the prospective adoption of this guidance did not result in any change in the units of accounting, the allocation of consideration to those units of accounting, or the pattern and timing of revenue recognition of our current multiple-element arrangements. </td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 1ORGANIZATION AND BASIS OF PRESENTATION Company Overview         Interval Leisure Group, Inc., or ILG, is a leading global provider of membership and leisure services to the vacation industry. ILG consists of two operating segments. Membership and Exchange, our principal business segment, offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Management and Rental, our other business segment, provides hotel, condominium resort, timeshare resort and homeowners association management, and vacation rental services to both vacationers and vacation property owners.         The Membership and Exchange segment consists of Interval International Inc.'s businesses, referred to as Interval, and Trading Places International's, or TPI's, membership and exchange related line of business. The Management and Rental segment consists of Aston Hotels & Resorts, LLC and Maui Condo and Home, LLC, referred to as Aston, and TPI's management and rental related line of business. Basis of Presentation         The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of ILG's management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Interim results are not indicative of the results that may be expected for a full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in ILG's Annual Report on Form 10-K for the year ended December 31, 2010. Restatement of Prior Financial Statements         While implementing the accounting for certain new costs associated with our Interval Platinum membership product following the launch in March 2011, we discovered errors in our accounting for certain deferred membership costs. These errors primarily related to the period of time over which certain deferred membership costs were amortized into our consolidated statements of income. The impact of these prior period misstatements to our consolidated financial statements resulted in the understatement of cost of sales and sales and marketing expense with a corresponding overstatement of deferred membership costs over multiple fiscal years through December 31, 2010.         In accordance with applicable accounting guidance, an adjustment to the financial statements for each individual prior period presented is required to reflect the correction of the period-specific effects of the error, if material. Based on our evaluation of relevant quantitative and qualitative factors, we determined the identified misstatements are immaterial to ILG's individual prior period consolidated financial statements, however, the cumulative correction of the prior period errors would be material to our current year consolidated financial statements. Consequently, we have restated the accompanying consolidated balance sheet as of December 31, 2010 and the opening December 31, 2010 balances presented in our consolidated statement of stockholders' equity as of September 30, 2011, appearing herein, from amounts previously reported to correct the prior period misstatements by the write-off of the related deferred membership costs with a corresponding reduction to retained earnings.         The impact of these misstatements to our 2010 annual and interim consolidated statements of income and cash flows is inconsequential for restatement and, accordingly, such amounts have not been restated and have instead been corrected in the three months ended March 31, 2011. Additionally, the impact of these misstatements is inconsequential to our 2009 statement of cash flows as the impact to individual line items within operating activities is not material and there was no impact to net cash provided by (used in) operating, investing or financing activities. However, we will restate the 2009 statement of cash flows as it appears in our 2011 Annual Report on Form 10-K to reflect changes to individual line items within operating activities.         The tables below summarize the effect of the restatement of previously reported consolidated financial statements for the periods that will be presented in our 2011 Annual Report on Form 10-K (in thousands, except per share data). <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="55"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8">As of December 31, 2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">As Previously Reported </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Adjustment </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">As Restated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Consolidated Balance Sheet</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Deferred income taxes (current)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">19,219</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">646</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">19,865</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Deferred income taxes (non-current)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,487</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">280</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">5,767</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Deferred membership costs (current)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">13,874</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(2,099</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">11,775</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Deferred membership costs (non-current)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">19,599</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(3,491</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16,108</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Total assets</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">983,048</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(4,664</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">978,384</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Deferred income taxes (non-current)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">84,575</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(1,141</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">83,434</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Retained earnings</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">72,205</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(3,645</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">68,560</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Accumulated other comprehensive income (loss)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(12,203</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">122</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(12,081</td> <td style="FONT-FAMILY: times" valign="bottom">)</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Total stockholders' equity</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">224,735</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(3,523</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">221,212</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Total liabilities and equity</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">983,048</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(4,664</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">978,384</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>   <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="55"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8">Year Ended December 31, 2009 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">As Previously Reported </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Adjustment </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">As Restated </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Consolidated Statement of Income</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Cost of sales</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">127,406</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">507</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">127,913</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Gross profit</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">277,580</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(507</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">277,073</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Sales and marketing expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">52,029</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">122</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">52,151</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Earnings before income taxes and noncontrolling interest</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">64,267</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(629</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">63,638</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Income tax benefit (provision)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(26,058</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">240</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(25,818</td> <td style="FONT-FAMILY: times" valign="bottom">)</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Net income attributable to common stockholders</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">38,213</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(389</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">37,824</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Earnings per share attributable to common stockholders:</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Basic</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">0.68</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(0.01</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">0.67</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Diluted</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">0.67</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(0.01</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">0.66</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         The cumulative after-tax effect of the prior period misstatements of approximately $3.6 million (net of tax of $2.1 million) was recorded as a reduction to retained earnings in our accompanying consolidated balance sheet as of December 31, 2010 and the opening December 31, 2010 balances presented in our consolidated statement of stockholders' equity as of September 30, 2011. The cumulative after-tax effect of the prior period misstatements of approximately $3.2 million (net of tax of $1.9 million) will be presented in our 2011 Annual Report on Form 10-K as a reduction to retained earnings as of January 1, 2009. In accordance with ASC 740, "Income Taxes" ("ASC 740"), the tax effect of these adjustments were recorded directly to retained earnings and to the related deferred income tax accounts for deferred membership costs. Seasonality         Revenue at ILG is influenced by the seasonal nature of travel. The Membership and Exchange businesses recognize exchange and Getaway revenue based on confirmation of the vacation, with the first quarter generally experiencing higher revenue and the fourth quarter generally experiencing lower revenue. The Management and Rental businesses recognize rental revenue based on occupancy, with the first and third quarters generally generating higher revenue and the second and fourth quarters generally generating lower revenue. </td></tr></table>

1000

-3000

32132000

20864000

52996000

-25290000

758000

26868000

820000

78286000

10006000

20448000

36022000

71731000

41215000

221686000

107564000

329250000

9292000

6038000

15330000

-9429000

22695000

-702000

8847000

120000

24759000

2644000

6575000

22802000

12533000

69313000

31175000

58717000

100488000

2000

11436000

7982000

19418000

-5841000

2488000

8762000

433000

-27703000

25259000

3319000

6830000

23256000

13341000

72005000

34708000

106713000

57631000

56835000

-995000

58085000

57302000

57722000

56993000

57861000

57245000

0.63

0.55

0.56

27031000

0.16

0.20

323000

20839000

30276000

189051000

160014000

-30944000

966000

2509000

249000

350000

30000000

-12500000

12872000

-372000

71670000

-4553000

2751000

-1912000

-10486000

123156000

11691000

344436000

175403000

44403000

9324000

11527000

2619000

97457000

10073000

977674000

35173000

5850000

13978000

105622000

488027000

50778000

278246000

23358000

1739000

12549000

17875000

28665000

3108000

190952000

978384000

7360000

-7759000

-161000

4432000

1272000

1374000

8840000

1860000

1371000

-1457000

2085000

966000

3770000

7638000

1676000

120470000

488027000

50900000

272746000

23527000

8539000

11775000

19865000

24420000

4118000

180502000

977674000

239745000

-13011000

100691000

19258000

170746000

420000

737509000

82823000

100691000

-19258000

170746000

577000

1834000

12122000

30176000

-34329000

1272000

3472000

456000

15000000

-31666000

16150000

9916000

76857000

-3900000

1709000

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 7STOCKHOLDERS' EQUITY         ILG has 300 million authorized shares of common stock, par value of $.01 per share. At September 30, 2011, there were 57.7 million shares of ILG common stock issued, of which 56.1 million are outstanding with 1.6 million shares held as treasury stock.         ILG has 25 million authorized shares of preferred stock, par value $.01 per share, none of which are issued or outstanding as of September 30, 2011. The Board of Directors has the authority to issue the preferred stock in one or more series and to establish the rights, preferences, and dividends. Stockholder Rights Plan         In June 2009, ILG's Board of Directors approved the creation of a Series A Junior Participating Preferred Stock, adopted a stockholders rights plan and declared a dividend of one right for each outstanding share of common stock held by our stockholders of record as of the close of business on June 22, 2009. The rights attach to any additional shares of common stock issued after June 22, 2009. These rights, which trade with the shares of our common stock, currently are not exercisable. Under the rights plan, these rights will be exercisable if a person or group acquires or commences a tender or exchange offer for 15% or more of our common stock. The rights plan provides certain exceptions for acquisitions by Liberty Media Corporation in accordance with an agreement entered into with ILG in connection with its spin-off from IAC. If the rights become exercisable, each right will permit its holder, other than the "acquiring person," to purchase from us shares of common stock at a 50% discount to the then prevailing market price. As a result, the rights will cause substantial dilution to a person or group that becomes an "acquiring person" on terms not approved by our Board of Directors. Share Repurchase Program         Effective August 3, 2011, ILG's Board of Directors authorized a share repurchase program for up to $25.0 million, excluding commissions, of our outstanding common stock. Acquired shares of our common stock are held as treasury shares carried at cost on our consolidated financial statements. Common stock repurchases may be conducted in the open market or in privately negotiated transactions. The amount and timing of all repurchase transactions are contingent upon market conditions, applicable legal requirements and other factors. This program may be modified, suspended or terminated by us at any time without notice.         During the three months ended September 30, 2011, we repurchased 1.6 million shares of common stock at a cost, including commissions, of $19.3 million under this repurchase program. As of September 30, 2011, the remaining availability for future repurchases of our common stock was $5.8 million. </td></tr></table>

<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',times,serif"> <tr> <td> NOTE 9STOCK-BASED COMPENSATION         RSUs are awards in the form of phantom shares or units, denominated in a hypothetical equivalent number of shares of ILG common stock and with the value of each award equal to the fair value of ILG common stock at the date of grant. All outstanding award agreements provide for settlement, upon vesting, in stock for U.S. employees. For non-U.S. employees, all grants issued prior to the spin-off provide for settlement upon vesting in cash, while grants since the spin-off provide for settlement upon vesting in stock. Each RSU is subject to service-based vesting, where a specific period of continued employment must pass before an award vests. Certain RSUs, in addition, are subject to attaining specific performance criteria. ILG recognizes non-cash compensation expense for all RSUs held by ILG's employees (including RSUs for stock of IAC or the other spun-off companies held by ILG employees) for which vesting is considered probable. For RSUs to be settled in stock, the accounting charge is measured at the grant date as the fair value of ILG common stock and expensed as non-cash compensation over the vesting term using the straight-line basis for service awards and the accelerated basis for performance-based awards with graded vesting. The expense associated with RSU awards (including RSUs for stock of IAC or the other spun-off companies) to be settled in cash is initially measured at fair value at the grant date and expensed ratably over the vesting term, recording a liability subject to mark-to-market adjustments for changes in the price of the respective common stock, as compensation expense within general and administrative expense.         On August 20, 2008, ILG established the ILG 2008 Stock and Annual Incentive Plan (the "2008 Incentive Plan") which provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, and other stock-based awards. In connection with the spin-off, certain prior awards under IAC's plans were adjusted to convert, in whole or in part, to awards under the 2008 Incentive Plan under which RSUs and options relating to 2.9 million shares of common stock were issued. At the time of the spin-off, an additional 5.0 million shares of common stock were reserved for issuance under the 2008 Incentive Plan. As of September 30, 2011, ILG has 2.1 million remaining shares available for future issuance under this plan.         On March 2, 2011 and 2010, the Compensation Committee granted approximately 378,000 and 460,000 RSUs, respectively, vesting over three to four years, to certain officers and employees of ILG and its subsidiaries. Of these RSUs granted in 2011 and 2010, approximately 50,000 and 64,000, respectively, cliff vest in three years and are subject to performance criteria that could result between 0% and 200% of these awards being earned based on EBITDA targets.         Non-cash compensation expense related to RSUs for the three months ended September 30, 2011 and 2010 was $2.9 million and $2.6 million, respectively. For the nine months ended September 30, 2011 and 2010, non-cash compensation expense related to RSUs was $8.8 million and $7.6 million, respectively. At September 30, 2011, there was approximately $16.4 million of unrecognized compensation cost, net of estimated forfeitures, related to RSUs, which is currently expected to be recognized over a weighted average period of approximately 1.6 years.         The amount of stock-based compensation expense recognized in the consolidated statements of income is reduced by estimated forfeitures, as the amount recorded is based on awards ultimately expected to vest. The forfeiture rate is estimated at the grant date based on historical experience and revised, if necessary, in subsequent periods for any changes to the estimated forfeiture rate from that previously estimated. For any vesting tranche of an award, the cumulative amount of compensation cost recognized is at least equal to the portion of the grant-date value of the award tranche that is actually vested at that date.         Non-cash stock-based compensation expense related to equity awards is included in the following line items in the accompanying consolidated statements of income for the three and nine months ended September 30, 2011 and 2010 (in thousands): <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Three Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5">Nine Months Ended September 30,</th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2011 </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">2010 </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Cost of sales</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">121</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">115</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">416</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">341</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Selling and marketing expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">195</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">163</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">647</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">471</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> General and administrative expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,618</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,315</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">7,777</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">6,826</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Non-cash compensation expense</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,934</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,593</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">8,840</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">7,638</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         The following table summarizes RSU activity during the nine months ended September 30, 2011: <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative">   <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="70"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="74"></td> <td style="FONT-FAMILY: times" width="12"></td></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Shares </th> <th style="FONT-FAMILY: times"> </th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2">Weighted- Average Grant Date Fair Value</th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left">  </th> <th style="FONT-FAMILY: times"> </th> <th style="FONT-FAMILY: times" align="center" colspan="2">(In thousands) </th> <th style="FONT-FAMILY: times"> </th> <th style="FONT-FAMILY: times" align="left" colspan="2">  </th> <th style="FONT-FAMILY: times"> </th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Non-vested RSUs at January 1</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,510</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">12.04</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Granted</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">431</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">16.22</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Vested</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(817</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">13.66</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> Forfeited</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">(24</td> <td style="FONT-FAMILY: times" valign="bottom">)</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">14.50</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> Non-vested RSUs at September 30</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">2,100</td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom" align="right">$</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">12.24</td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"> </td> <td style="FONT-FAMILY: times" valign="bottom"> </td></tr></table></div> </div>         In connection with the acquisition of Aston by ILG in 2007, a member of Aston's management was granted non-voting restricted common equity in Aston. This award was granted on May 31, 2007 and was initially measured at fair value, which is being amortized over the vesting period. This award vests ratably over four and a half years, or earlier based upon the occurrence of certain prescribed events. These shares are subject to a put right by the holder and a call right by ILG, which are not exercisable until the first quarter of 2013 and annually thereafter. The value of these shares upon exercise of the put or call is equal to their fair market value, determined by negotiation or arbitration, reduced by the accreted value of the preferred interest that was taken by ILG upon the purchase of Aston. The initial value of the preferred interest was equal to the acquisition price of Aston. The preferred interest accretes at a 10% annual rate. Upon exercise of the put or call, the consideration payable can be denominated in ILG shares, cash or a combination thereof at ILG's option. An additional put right by the holder and call right by ILG would require, upon exercise, the purchase of these non-voting common shares by ILG immediately prior to a registered public offering by Aston, at the public offering price. The unrecognized compensation cost related to this equity award was approximately $18,000 and $100,000 at September 30, 2011 and December 31, 2010, respectively.</td></tr></table></td></tr></table>

36025000

32131000

9292000

11434000

571000

577000

1570687

57099615

56139692

811000

-412000

29037000

10450000

17585000

5600000

19258000

1570687

19258000

-1570687

1570687

-1159000

EX-101.SCH 9 iilg-20110930.xsd EX-101.SCH 0030 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY link:presentationLink link:calculationLink link:definitionLink 0010 - Statement - CONSOLIDATED STATEMENTS OF INCOME link:presentationLink link:calculationLink link:definitionLink 0040 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 0020 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 0025 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1010 - Disclosure - ORGANIZATION AND BASIS OF PRESENTATION link:presentationLink link:calculationLink link:definitionLink 1020 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 1030 - Disclosure - GOODWILL AND OTHER INTANGIBLE ASSETS link:presentationLink link:calculationLink link:definitionLink 1040 - Disclosure - PROPERTY AND EQUIPMENT link:presentationLink link:calculationLink link:definitionLink 1050 - Disclosure - LONG-TERM DEBT link:presentationLink link:calculationLink link:definitionLink 1060 - Disclosure - FAIR VALUE MEASUREMENTS link:presentationLink link:calculationLink link:definitionLink 1070 - Disclosure - STOCKHOLDERS' EQUITY link:presentationLink link:calculationLink link:definitionLink 1080 - Disclosure - BENEFIT PLANS link:presentationLink link:calculationLink link:definitionLink 1090 - Disclosure - STOCK-BASED COMPENSATION link:presentationLink link:calculationLink link:definitionLink 1110 - Disclosure - SEGMENT INFORMATION link:presentationLink link:calculationLink link:definitionLink 1120 - Disclosure - COMPREHENSIVE INCOME link:presentationLink link:calculationLink link:definitionLink 1100 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 1130 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 8000 - Disclosure - VENEZUELA OPERATIONS link:presentationLink link:calculationLink link:definitionLink 1140 - Disclosure - SUPPLEMENTAL GUARANTOR INFORMATION link:presentationLink link:calculationLink link:definitionLink 9999 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 8010 - Disclosure - FINANCING/NOTES RECEIVABLE link:presentationLink link:calculationLink link:definitionLink 8020 - Disclosure - SUBSEQUENT EVENT link:presentationLink link:calculationLink link:definitionLink 0031 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY CALC2 link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 iilg-20110930_cal.xml EX-101.CAL EX-101.DEF 11 iilg-20110930_def.xml EX-101.DEF EX-101.LAB 12 iilg-20110930_lab.xml EX-101.LAB Value of stock related to Restricted Stock Units issued during the period, net of the stock value of such units forfeited. Stock Issued During Period, Value, Restricted Stock Unit, Net of Forfeitures Issuance of common stock upon exercise of stock options Issuance of common stock upon exercise of stock options (in shares) Stock Issued During Period, Shares, Restricted Stock Unit, Net of Forfeitures Number of shares issued during the period related to Restricted Stock Units, net of any shares forfeited. Release of common stock in escrow upon exercise of IAC warrants This element represents the release of common stock in escrow upon exercise of IAC warrants during the period. Release of Common Stock in Escrow Upon Exercise of Warrants Cash paid during the period for: Cash Paid During the Period [Abstract] Vesting of Restricted Stock Units Net of Withholding Taxes Vesting of restricted stock units, net of withholding taxes The cash outflow associated with the remittance of required tax withholdings upon the vesting of restricted stock units. Release of Deferred Restricted Stock Units Net of Withholding Taxes Release of deferred restricted stock units, net of withholding taxes Represents the payments made upon release of deferred Restricted Stock Units (RSU's), net of withholding taxes, during the period. SIGNIFICANT ACCOUNTING POLICIES Significant Accounting Policies New Accounting Pronouncements Disclosure [Text Block] The entire disclosure for the significant accounting policies of the reporting entity. It also including new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. BENEFIT PLANS BENEFIT PLANS This item discloses information about the entity's defined contribution and deferred compensation plans. Benefit Plans Disclosure [Text Block] VENEZUELA OPERATIONS VENEZUELA OPERATIONS This item describes the business operations in Venezuela including foreign currency, government regulations, evaluation of the Venezuelan entity's ongoing operations, and the impact of the Venezuelan entity to the consolidated results of operations. Venezuela Operations Disclosure [Text Block] Document and Entity Information CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY Statement [Table] Statement, Equity Components [Axis] Equity Component [Domain] Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Loss Comprehensive Income Statement Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity Stockholders' Equity Attributable to Parent Total stockholders' equity Balance Balance Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract] Comprehensive income: Other Comprehensive Income, Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax Foreign currency translation losses, net Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Comprehensive income Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Non-cash compensation expense Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Issuance of common stock upon vesting of restricted stock units, net of withholding taxes Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures Issuance of common stock upon vesting of restricted stock units, net of withholding taxes (in shares) Change in excess tax benefits from stock-based awards Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation Deferred Compensation Arrangement with Individual, Compensation Expense Deferred stock compensation expense Stockholders' Equity, Period Increase (Decrease) Stockholders' Equity, Period Increase (Decrease) Stock Issued During Period, Shares, Period Increase (Decrease) Stock Issued During Period, Shares, Period Increase (Decrease) Issuance of common stock upon exercise of stock options Stock Issued During Period, Value, Stock Options Exercised Issuance of common stock upon exercise of stock options (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Treasury Stock Revenue, Net Revenue Cost of Goods and Services Sold Cost of sales Gross Profit Gross profit Selling and Marketing Expense Selling and marketing expense General and Administrative Expense General and administrative expense Amortization of Intangible Assets Amortization expense of intangibles Depreciation expense Depreciation Operating Income (Loss) Operating income Other income (expense): Other Nonoperating Income (Expense) [Abstract] Investment Income, Interest Interest income Interest Expense Interest expense Other Nonoperating Income (Expense) Other income (expense), net Nonoperating Income (Expense) Total other expense, net Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Cumulative Effects of Changes in Accounting Principles, Noncontrolling Interest Earnings before income taxes and noncontrolling interest Income Tax Expense (Benefit) Income tax provision Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Net income Net income Net Income (Loss) Attributable to Noncontrolling Interest Net loss (income) attributable to noncontrolling interest Earnings per share attributable to common stockholders: Earnings Per Share [Abstract] Earnings Per Share, Basic Basic (in dollars per share) Earnings Per Share, Diluted Diluted (in dollars per share) Weighted average number of common stock outstanding: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Weighted Average Number of Shares Outstanding, Basic Basic (in shares) Weighted Average Number of Shares Outstanding, Diluted Diluted (in shares) Statement, Scenario [Axis] Scenario, Unspecified [Domain] CONSOLIDATED STATEMENTS OF INCOME Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Cash and cash equivalents Supplemental Cash Flow Information [Abstract] Supplemental disclosures of cash flow information: Interest Paid, Net Interest, net of amounts capitalized Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] Cash flows from operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by operating activities: Amortization of Financing Costs and Discounts Amortization of debt issuance costs Accretion of original issue discount Amortization of Debt Discount (Premium) Share-based Compensation Non-cash compensation expense Deferred Income Tax Expense (Benefit) Deferred income taxes Excess Tax Benefit from Share-based Compensation, Operating Activities Excess tax benefits from stock-based awards Increase (Decrease) in Operating Capital [Abstract] Changes in operating assets and liabilities: Increase (Decrease) in Accounts Receivable Accounts receivable Increase (Decrease) in Prepaid Expense and Other Assets Prepaid expenses and other current assets Increase (Decrease) in Accounts Payable and Accrued Liabilities Accounts payable and other current liabilities Prepaid income taxes and income taxes payable Increase (Decrease) in Income Taxes Payable Increase (Decrease) in Deferred Revenue Deferred revenue Increase (Decrease) in Other Operating Assets and Liabilities, Net Other, net Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net cash provided by operating activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract] Cash flows from investing activities: Increase (Decrease) in Restricted Cash Changes in restricted cash Payments to Acquire Other Productive Assets Capital expenditures Payments to Acquire Projects Investment in loans receivable Net Cash Provided by (Used in) Investing Activities, Continuing Operations Net cash used in investing activities Income Taxes Paid, Net Income taxes, net of refunds Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] Cash flows from financing activities: Principal payments on term loan Repayments of Long-term Debt Proceeds from Stock Options Exercised Proceeds from the exercise of stock options Proceeds from the exercise of warrants Proceeds from Warrant Exercises Excess Tax Benefit from Share-based Compensation, Financing Activities Excess tax benefits from stock-based awards Net Cash Provided by (Used in) Financing Activities, Continuing Operations Net cash used in financing activities CONSOLIDATED STATEMENTS OF CASH FLOWS Assets [Abstract] ASSETS Restricted Cash and Cash Equivalents, Current Restricted cash and cash equivalents Accounts Receivable, Net, Current Accounts receivable, net of allowance of $358 and $213, respectively Deferred Tax Assets, Net, Current Deferred income taxes Deferred Costs, Current Deferred membership costs Prepaid Taxes Prepaid income taxes Assets, Current Total current assets Property, Plant and Equipment, Net Property and equipment, net Goodwill Goodwill Intangible Assets, Net (Excluding Goodwill) Intangible assets, net Deferred Costs Deferred membership costs Deferred Tax Assets, Net, Noncurrent Deferred income taxes Other Assets, Noncurrent Other non-current assets Assets. TOTAL ASSETS Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current Liabilities and Equity [Abstract] LIABILITIES AND EQUITY Liabilities [Abstract] LIABILITIES: Stock Issued During Period, Value, Acquisitions Purchases of common stock shares Accounts Payable, Current Accounts payable, trade Deferred Revenue, Current Deferred revenue Interest Payable, Current Interest payable Other Deferred Credits, Current Member deposits Accrued Liabilities, Current Accrued expenses and other current liabilities Long-term Debt, Current Maturities Current portion of long-term debt Liabilities, Current Total current liabilities Long-term Debt, Excluding Current Maturities Long-term debt, net of current portion Other Liabilities, Noncurrent Other long-term liabilities Deferred Revenue, Noncurrent Deferred revenue Deferred Tax Liabilities, Noncurrent Deferred income taxes Liabilities Total liabilities Employee-related Liabilities, Current Accrued compensation and benefits Temporary Equity, Redemption Value Redeemable noncontrolling interest STOCKHOLDERS' EQUITY: Stockholders' Equity Attributable to Parent [Abstract] Preferred Stock, Value, Issued Preferred stock - authorized 25,000,000 shares, of which 100,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding Additional Paid in Capital, Common Stock Additional paid-in capital Retained Earnings (Accumulated Deficit) Retained earnings Accumulated Other Comprehensive Income (Loss), Net of Tax EX-101.PRE 13 iilg-20110930_pre.xml EX-101.PRE XML 14 R3.htm IDEA: XBRL DOCUMENT

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data	Sep. 30, 2011	Dec. 31, 2010
Accounts receivable, allowance (in dollars)	$ 358	$ 213
Preferred stock, authorized shares	25,000,000	25,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, authorized shares	300,000,000	300,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued shares	57,710,379	57,099,615
Treasury stock, shares	1,570,687	1,570,687
Series A Junior Participating Preferred Stock
Preferred stock, authorized shares	100,000	100,000

XML 15 R4.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Comprehensive Income
Balance at Dec. 31, 2010	$ 221,212	$ 571	$ 164,162	$ 0	$ 68,560	$ (12,081)
Balance (in shares) at Dec. 31, 2010		57,099,615		0
Comprehensive income:
Net income attributable to common stockholders	32,131				32,131		32,131
Foreign currency translation losses, net	(930)					(930)	(930)
Comprehensive income	31,201						31,201
Non-cash compensation expense	8,840		8,840
Issuance of common stock upon exercise of stock options	456		456
Issuance of common stock upon exercise of stock options (in shares)		48,164
Issuance of common stock upon vesting of restricted stock units, net of withholding taxes	(3,511)	6	(3,517)
Issuance of common stock upon vesting of restricted stock units, net of withholding taxes (in shares)		562,600
Change in excess tax benefits from stock-based awards	841		841
Deferred stock compensation expense	(36)		(36)
Treasury stock purchases	(19,258)			(19,258)
Treasury stock purchases (in shares)		(1,570,687)		1,570,687
Balance at Sep. 30, 2011	$ 239,745	$ 577	$ 170,746	$ (19,258)	$ 100,691	$ (13,011)
Balance (in shares) at Sep. 30, 2011		56,139,692		1,570,687

XML 16 R1.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenue	$ 106,713	$ 100,488	$ 329,250	$ 315,928
Cost of sales	34,708	31,175	107,564	96,878
Gross profit	72,005	69,313	221,686	219,050
Selling and marketing expense	13,341	12,533	41,215	39,189
General and administrative expense	23,256	22,802	71,731	66,023
Amortization expense of intangibles	6,830	6,575	20,448	19,725
Depreciation expense	3,319	2,644	10,006	7,693
Operating income	25,259	24,759	78,286	86,420
Other income (expense):
Interest income	433	120	820	323
Interest expense	(8,762)	(8,847)	(26,868)	(27,031)
Other income (expense), net	2,488	(702)	758	(995)
Total other expense, net	(5,841)	(9,429)	(25,290)	(27,703)
Earnings before income taxes and noncontrolling interest	19,418	15,330	52,996	58,717
Income tax provision	(7,982)	(6,038)	(20,864)	(22,695)
Net income	11,436	9,292	32,132	36,022
Net loss (income) attributable to noncontrolling interest	(2)		(1)	3
Net income attributable to common stockholders	$ 11,434	$ 9,292	$ 32,131	$ 36,025
Earnings per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.20	$ 0.16	$ 0.56	$ 0.63
Diluted (in dollars per share)	$ 0.20	$ 0.16	$ 0.55	$ 0.63
Weighted average number of common stock outstanding:
Basic (in shares)	57,245	56,993	57,302	56,835
Diluted (in shares)	57,861	57,722	58,085	57,631

XML 17 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'

'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'

'+ "\n"+' '+ "\n"+'

'+ "\n"+'

'+raw+'

'+ "\n"+'

'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 18 R12.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2011

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 7—STOCKHOLDERS' EQUITY

Stockholder Rights Plan

Share Repurchase Program

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 4

-Subparagraph (SAB TOPIC 4.C)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 129

-Paragraph 2, 3, 4, 5, 6, 7, 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Preferred Stock

-URI http://asc.fasb.org/extlink&oid=6521494

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Article 4

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section C

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph d

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 17: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 18: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(d),(e))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 19: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 1

-Section B

-Paragraph 7, 11A

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 20: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 21: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 22: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 23: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

XML 19 R17.htm IDEA: XBRL DOCUMENT

COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2011

COMPREHENSIVE INCOME.

COMPREHENSIVE INCOME

NOTE 12—COMPREHENSIVE INCOME

Comprehensive income is comprised of the following (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,

	2011			2010		2011			2010
Net income attributable to common stockholders	$	11,434		$	9,292	$	32,131		$	36,025
Foreign currency translation		(3,567	)		2,270		(930	)		1,468

Comprehensive income	$	7,867		$	11,562	$	31,201		$	37,493

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 55

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6920433&loc=d3e998-108581

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e689-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 14-26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e640-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e709-108580

+ Details

XML 20 R8.htm IDEA: XBRL DOCUMENT

GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2011

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 3—GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

Pursuant to FASB guidance as codified within ASC 350, "Intangibles—Goodwill and Other," goodwill acquired in business combinations is assigned to the reporting unit(s) expected to benefit from the combination as of the acquisition date. ILG considers our Membership and Exchange and Management and Rental segments to be individual reporting units which are also individual operating segments of ILG. ILG tests goodwill and other indefinite-lived intangible assets for impairment annually as of October 1, or more frequently if events or changes in circumstances indicate that the assets might be impaired. If the carrying amount of a reporting unit's goodwill exceeds its implied fair value, an impairment loss equal to the excess is recorded. If the carrying amount of an indefinite-lived intangible asset exceeds its estimated fair value, an impairment loss equal to the excess is recorded.

The balance of goodwill and other intangible assets, net is as follows (in thousands):

		September 30, 2011		December 31, 2010

Goodwill		$	488,027	$	488,027
Other intangible assets with indefinite lives			37,616		37,616
Intangible assets with definite lives, net			68,006		82,854

	Total goodwill and other intangible assets, net	$	593,649	$	608,497

Other Intangible Assets

Intangible assets with indefinite lives relate principally to tradenames and trademarks. At September 30, 2011, intangible assets with definite lives relate to the following (in thousands):

		Cost		Accumulated Amortization			Net

Customer relationships		$	129,500	$	(116,833	)	$	12,667
Purchase agreements			75,879		(66,706	)		9,173
Resort management contracts			53,766		(14,603	)		39,163
Technology			24,726		(24,657	)		69
Other			17,427		(10,493	)		6,934

	Total	$	301,298	$	(233,292	)	$	68,006

At December 31, 2010, intangible assets with definite lives relate to the following (in thousands):

		Cost		Accumulated Amortization			Net

Customer relationships		$	129,500	$	(107,116	)	$	22,384
Purchase agreements			75,879		(60,835	)		15,044
Resort management contracts			48,166		(11,738	)		36,428
Technology			24,726		(24,633	)		93
Other			17,427		(8,522	)		8,905

	Total	$	295,698	$	(212,844	)	$	82,854

Years Ending December 31,

2011	$	27,184
2012		20,828
2013		5,447
2014		5,291
2015		5,183
2016 and thereafter		18,921

	$	82,854

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

XML 21 R14.htm IDEA: XBRL DOCUMENT

STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2011

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

NOTE 9—STOCK-BASED COMPENSATION

	Three Months Ended September 30,				Nine Months Ended September 30,

	2011		2010		2011		2010
Cost of sales	$	121	$	115	$	416	$	341
Selling and marketing expense		195		163		647		471
General and administrative expense		2,618		2,315		7,777		6,826

Non-cash compensation expense	$	2,934	$	2,593	$	8,840	$	7,638

The following table summarizes RSU activity during the nine months ended September 30, 2011:

	Shares			Weighted- Average Grant Date Fair Value

	(In thousands)
Non-vested RSUs at January 1		2,510		$	12.04
Granted		431			16.22
Vested		(817	)		13.66
Forfeited		(24	)		14.50

Non-vested RSUs at September 30		2,100		$	12.24

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 93-6

-Paragraph 53

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64, 65, A240

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 40

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 50

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

XML 22 R19.htm IDEA: XBRL DOCUMENT

SUPPLEMENTAL GUARANTOR INFORMATION

9 Months Ended

Sep. 30, 2011

SUPPLEMENTAL GUARANTOR INFORMATION

SUPPLEMENTAL GUARANTOR INFORMATION

NOTE 14—SUPPLEMENTAL GUARANTOR INFORMATION

The Interval Senior Notes are guaranteed by ILG and the domestic subsidiaries of the Issuer. These guarantees are full and unconditional and joint and several.

Balance Sheet as of September 30, 2011		ILG		Interval Acquisition Corp.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Total Eliminations			ILG Consolidated

Current assets		$	767	$	83	$	186,297		$	91,099	$	—		$	278,246
Property and equipment, net			651		—		47,915			2,212		—			50,778
Goodwill and intangible assets, net			—		290,158		303,491			—		—			593,649
Investment in subsidiaries			251,542		915,366		57,157			—		(1,224,065	)		—
Other assets			—		3,064		43,653			8,284		—			55,001

	Total assets	$	252,960	$	1,208,671	$	638,513		$	101,595	$	(1,224,065	)	$	977,674

Current liabilities		$	2,221	$	2,619	$	143,974		$	26,589	$	—		$	175,403
Other liabilities			—		342,753		203,566			15,787		—			562,106
Intercompany liabilities (receivables)/equity			10,994		611,757		(624,813	)		2,062		—			—
Redeemable noncontrolling interest			—		—		420			—		—			420
Stockholders' equity			239,745		251,542		915,366			57,157		(1,224,065	)		239,745

Total liabilities and equity		$	252,960	$	1,208,671	$	638,513		$	101,595	$	(1,224,065	)	$	977,674

Balance Sheet as of December 31, 2010		ILG			Interval Acquisition Corp.		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Total Eliminations			ILG Consolidated

Current assets		$	321		$	59	$	187,817		$	84,549	$	—		$	272,746
Property and equipment, net			740			—		48,923			1,237		—			50,900
Goodwill and intangible assets, net			—			305,878		302,619			—		—			608,497
Investment in subsidiaries			216,310			832,671		46,987			—		(1,095,968	)		—
Other assets			—			4,435		33,404			8,402		—			46,241

	Total assets	$	217,371		$	1,143,043	$	619,750		$	94,188	$	(1,095,968	)	$	978,384

Current liabilities		$	365		$	9,745	$	141,807		$	27,201	$	—		$	179,118
Other liabilities			—			355,893		204,973			16,769		—			577,635
Intercompany liabilities (receivables)/equity			(4,206	)		561,095		(560,120	)		3,231		—			—
Redeemable noncontrolling interest								419								419
Stockholders' equity			221,212			216,310		832,671			46,987		(1,095,968	)		221,212

	Total liabilities and equity	$	217,371		$	1,143,043	$	619,750		$	94,188	$	(1,095,968	)	$	978,384

Statement of Income for the Three Months Ended September 30, 2011	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	95,292		$	11,421		$	—		$	106,713
Operating expenses		(705	)		(5,240	)		(67,400	)		(8,109	)		—			(81,454	)
Interest income (expense), net		—			(8,755	)		230			196			—			(8,329	)
Other income		11,867			20,464			3,679			2,518			(36,040	)		2,488
Income tax benefit (provision)		272			5,398			(11,334	)		(2,318	)		—			(7,982	)

Net income		11,434			11,867			20,467			3,708			(36,040	)		11,436
Net income attributable to noncontrolling interest		—			—			(2	)		—			—			(2	)

Net income attributable to common stockholders	$	11,434		$	11,867		$	20,465		$	3,708		$	(36,040	)	$	11,434

Statement of Income for the Three Months Ended September 30, 2010	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	89,444		$	11,044		$	—		$	100,488
Operating expenses		(665	)		(5,240	)		(61,436	)		(8,388	)		—			(75,729	)
Interest income (expense), net		—			(9,019	)		330			(38	)		—			(8,727	)
Other income (loss)		9,701			18,459			1,228			(800	)		(29,290	)		(702	)
Income tax benefit (provision)		256			5,501			(11,107	)		(688	)		—			(6,038	)

Net income		9,292			9,701			18,459			1,130			(29,290	)		9,292
Net loss (income) attributable to noncontrolling interest		—			—			—			—			—			—

Net income attributable to common stockholders	$	9,292		$	9,701		$	18,459		$	1,130		$	(29,290	)	$	9,292

Statement of Income for the Nine Months Ended September 30, 2011	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	291,865		$	37,385		$	—		$	329,250
Operating expenses		(2,189	)		(15,720	)		(205,406	)		(27,649	)		—			(250,964	)
Interest income (expense), net		—			(26,337	)		364			(75	)		—			(26,048	)
Other income, net		33,477			59,308			6,313			1,052			(99,392	)		758
Income tax benefit (provision)		843			16,223			(33,827	)		(4,103	)		—			(20,864	)

Net income		32,131			33,474			59,309			6,610			(99,392	)		32,132
Net income attributable to noncontrolling interest		—			—			(1	)		—			—			(1	)

Net income attributable to common stockholders	$	32,131		$	33,474		$	59,308		$	6,610		$	(99,392	)	$	32,131

Statement of Income for the Nine Months Ended September 30, 2010	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Total Eliminations			ILG Consolidated

Revenue	$	—		$	—		$	279,442		$	36,486		$	—		$	315,928
Operating expenses		(2,051	)		(15,720	)		(185,856	)		(25,881	)		—			(229,508	)
Interest income (expense), net		—			(27,378	)		797			(127	)		—			(26,708	)
Other income (expense), net		37,285			63,758			5,925			(1,089	)		(106,874	)		(995	)
Income tax benefit (provision)		791			16,625			(36,553	)		(3,558	)		—			(22,695	)

Net income		36,025			37,285			63,755			5,831			(106,874	)		36,022
Net loss attributable to noncontrolling interest		—			—			3			—			—			3

Net income attributable to common stockholders	$	36,025		$	37,285		$	63,758		$	5,831		$	(106,874	)	$	36,025

Statement of Cash Flows for the Nine Months Ended September 30, 2011	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			ILG Consolidated

Cash flows provided by (used in) operating activities	$	(2,321	)	$	(14,072	)	$	84,622		$	8,628		$	76,857
Cash flows provided by (used in) investing activities		22,106			28,616			(79,856	)		(2,532	)		(31,666	)
Cash flows used in financing activities		(19,785	)		(14,544	)		—			—			(34,329	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			(412	)		(412	)
Cash and cash equivalents at beginning of period		—			—			101,339			79,163			180,502

Cash and cash equivalents at end of period	$	—		$	—		$	106,105		$	84,847		$	190,952

Statement of Cash Flows for the Nine Months Ended September 30, 2010	ILG			Interval Acquisition Corp.			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		ILG Consolidated

Cash flows provided by (used in) operating activities	$	(1,612	)	$	(14,400	)	$	78,434		$	9,248	$	71,670
Cash flows provided by (used in) investing activities		1,658			44,050			(58,279	)		71		(12,500	)
Cash flows used in financing activities		(46	)		(29,650	)		(1,248	)		—		(30,944	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			811		811
Cash and cash equivalents at beginning of period		—			—			92,265			67,749		160,014

Cash and cash equivalents at end of period	$	—		$	—		$	111,172		$	77,879	$	189,051

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References+ Details

XML 23 R15.htm IDEA: XBRL DOCUMENT

INCOME TAXES

9 Months Ended

Sep. 30, 2011

INCOME TAXES

INCOME TAXES

NOTE 10—INCOME TAXES

Tax Sharing Agreement

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details

XML 24 R13.htm IDEA: XBRL DOCUMENT

BENEFIT PLANS

9 Months Ended

Sep. 30, 2011

BENEFIT PLANS

BENEFIT PLANS

NOTE 8—BENEFIT PLANS

XML 25 R6.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND BASIS OF PRESENTATION

9 Months Ended

Sep. 30, 2011

ORGANIZATION AND BASIS OF PRESENTATION

ORGANIZATION AND BASIS OF PRESENTATION

NOTE 1—ORGANIZATION AND BASIS OF PRESENTATION

Company Overview

Basis of Presentation

Restatement of Prior Financial Statements

	As of December 31, 2010

	As Previously Reported			Adjustment			As Restated
Consolidated Balance Sheet
Deferred income taxes (current)	$	19,219		$	646		$	19,865
Deferred income taxes (non-current)		5,487			280			5,767
Deferred membership costs (current)		13,874			(2,099	)		11,775
Deferred membership costs (non-current)		19,599			(3,491	)		16,108
Total assets		983,048			(4,664	)		978,384
Deferred income taxes (non-current)		84,575			(1,141	)		83,434
Retained earnings		72,205			(3,645	)		68,560
Accumulated other comprehensive income (loss)		(12,203	)		122			(12,081	)
Total stockholders' equity		224,735			(3,523	)		221,212
Total liabilities and equity		983,048			(4,664	)		978,384

	Year Ended December 31, 2009

	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Income
Cost of sales	$	127,406		$	507		$	127,913
Gross profit		277,580			(507	)		277,073
Sales and marketing expense		52,029			122			52,151
Earnings before income taxes and noncontrolling interest		64,267			(629	)		63,638
Income tax benefit (provision)		(26,058	)		240			(25,818	)
Net income attributable to common stockholders		38,213			(389	)		37,824
Earnings per share attributable to common stockholders:
Basic		0.68			(0.01	)		0.67
Diluted		0.67			(0.01	)		0.66

The cumulative after-tax effect of the prior period misstatements of approximately $3.6 million (net of tax of $2.1 million) was recorded as a reduction to retained earnings in our accompanying consolidated balance sheet as of December 31, 2010 and the opening December 31, 2010 balances presented in our consolidated statement of stockholders' equity as of September 30, 2011. The cumulative after-tax effect of the prior period misstatements of approximately $3.2 million (net of tax of $1.9 million) will be presented in our 2011 Annual Report on Form 10-K as a reduction to retained earnings as of January 1, 2009. In accordance with ASC 740, "Income Taxes" ("ASC 740"), the tax effect of these adjustments were recorded directly to retained earnings and to the related deferred income tax accounts for deferred membership costs.

Seasonality

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 720

-SubTopic 15

-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6921930&loc=d3e5614-111684

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6970148&loc=SL6228881-111685

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Name Statement of Position (SOP)

-Publisher AICPA

-Number 94-6

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 272

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS140-4/FIN46(R)-8

-Paragraph 8, C1, C7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Name FASB Interpretation (FIN)

-Publisher FASB

-Number 46R

-Paragraph 4, 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 852

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 2-6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 915

-SubTopic 235

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6359553&loc=d3e288-107754

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2197480

+ Details

XML 26 R9.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2011

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 4—PROPERTY AND EQUIPMENT

Property and equipment, net is as follows (in thousands):

		September 30, 2011			December 31, 2010

Computer equipment		$	19,155		$	18,189
Capitalized software			72,359			67,054
Buildings and leasehold improvements			21,328			21,222
Furniture and other equipment			11,585			11,088
Projects in progress			2,913			1,128

			127,340			118,681
Less: accumulated depreciation and amortization			(76,562	)		(67,781	)

	Total property and equipment, net	$	50,778		$	50,900

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

XML 27 R10.htm IDEA: XBRL DOCUMENT

LONG-TERM DEBT

9 Months Ended

Sep. 30, 2011

LONG-TERM DEBT

LONG-TERM DEBT

NOTE 5—LONG-TERM DEBT

Long-term debt is as follows (in thousands):

		September 30, 2011		December 31, 2010

9.5% Interval Senior Notes, net of unamortized discount of $16,564 and $18,424, respectively		$	283,436	$	281,576
Term loan (interest rate of 2.74% at September 30, 2011 and 2.76% at December 31, 2010)			61,000		76,000
Revolving credit facility			—		—

Total debt			344,436		357,576
Less: current maturities			—		—

	Total long-term debt, net of current maturities	$	344,436	$	357,576

9.5% Interval Senior Notes

Senior Secured Credit Facility

Restrictions and Covenants

The senior secured credit facility requires us to meet certain financial covenants requiring the maintenance of a maximum consolidated leverage ratio of consolidated debt over consolidated Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), as defined in the credit agreement (3.65 from January 1, 2010 through December 31, 2010 and 3.40 thereafter), and a minimum consolidated interest coverage ratio of consolidated EBITDA over consolidated interest expense, as defined in the credit agreement (3.00 from January 1, 2010 and thereafter). In addition, we may be required to use a portion of our consolidated excess cash flow (as defined in the credit agreement) to prepay the senior secured credit facility based on our consolidated leverage ratio at the end of each fiscal year. If our consolidated leverage ratio equals or exceeds 3.5, we must prepay 50% of consolidated excess cash flow, if our consolidated leverage ratio equals or exceeds 2.85 but is less than 3.5, we must prepay 25% of consolidated excess cash flow, and if our consolidated leverage ratio is less than 2.85, then no prepayment is required. As of September 30, 2011, ILG was in compliance in all material respects with the requirements of all applicable financial and operating covenants and our consolidated leverage ratio and consolidated interest coverage ratio under the credit agreement were 2.44 and 4.52, respectively.

Debt Issuance Costs

XML 28 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; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..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 29 R18.htm IDEA: XBRL DOCUMENT

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2011

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

NOTE 13—COMMITMENTS AND CONTINGENCIES

In the ordinary course of business, ILG is a party to various legal proceedings. ILG establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. ILG does not establish reserves for identified legal matters when ILG believes that the likelihood of an unfavorable outcome is not probable. Although management currently believes that an unfavorable resolution of claims against ILG, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of ILG, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. ILG also evaluates other contingent matters, including tax contingencies, to assess the probability and estimated extent of potential loss. See Note 10 for a discussion of income tax contingencies.

European Union Value Added Tax Matter

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

XML 30 R11.htm IDEA: XBRL DOCUMENT

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2011

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

NOTE 6—FAIR VALUE MEASUREMENTS

Level 1—Observable inputs that reflect quoted prices in active markets

Level 2—Inputs other than quoted prices in active markets that are either directly or indirectly observable

Level 3—Unobservable inputs in which little or no market data exists, therefore requiring the company to develop its own assumptions

As part of the acquisition of TPI in November 2010, we may be obligated to pay contingent consideration in an amount ranging from zero up to a total of $5.0 million to TPI's former owners during the three year period subsequent to the acquisition should TPI meet certain earnings targets. We calculated the fair value of the contingent consideration as of November 30, 2010, the acquisition date, to be $2.7 million using a probability-weighted income approach and based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The fair value of the total contingent consideration increased $1.5 million from $2.7 million as of December 31, 2010 to $4.2 million as of September 30, 2011, of which $1.2 million of the increase is due to revisions to the estimated earnings used in our calculation of the fair value of the contingent consideration and $0.3 million is due to the accretion of interest on the fair value of the contingent consideration which was discounted to its net present value. The revisions to estimated earnings were primarily to reflect actual and updated forecast results in the calculation of the fair value of the contingent consideration.

As of September 30, 2011, there have been no transfers of inputs used in measuring fair value between the three-tier fair value hierarchy since December 31, 2010.

Fair Value of Financial Instruments

	September 30, 2011						December 31, 2010

	Carrying Amount			Fair Value			Carrying Amount			Fair Value
	(In thousands)
Cash and cash equivalents	$	190,952		$	190,952		$	180,502		$	180,502
Restricted cash and cash equivalents		3,108			3,108			4,118			4,118
Loans receivable		16,150			16,150			—			—
Total debt		(344,436	)		(380,125	)		(357,576	)		(403,000	)
Guarantees, surety bonds and letters of credit		N/A			(17,288	)		N/A			(21,238	)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 17-22, 27, 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15C, 15D

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13504-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15A

-Subparagraph a-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=6947722&loc=d3e13537-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44A, 44B

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 3, 10, 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15B

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32, 33, 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

XML 31 R5.htm IDEA: XBRL DOCUMENT

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net income	$ 32,132	$ 36,022
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization expense of intangibles	20,448	19,725
Amortization of debt issuance costs	1,371	1,834
Depreciation expense	10,006	7,693
Accretion of original issue discount	1,860	1,676
Non-cash compensation expense	8,840	7,638
Deferred income taxes	1,374	3,770
Excess tax benefits from stock-based awards	(1,272)	(966)
Change in fair value of contingent consideration	1,159
Changes in operating assets and liabilities:
Accounts receivable	(4,432)	(2,085)
Prepaid expenses and other current assets	161	1,457
Accounts payable and other current liabilities	(7,759)	(10,486)
Prepaid income taxes and income taxes payable	7,360	(1,912)
Deferred revenue	1,709	2,751
Other, net	3,900	4,553
Net cash provided by operating activities	76,857	71,670
Cash flows from investing activities:
Changes in restricted cash		372
Capital expenditures	(9,916)	(12,872)
Investment in loans receivable	(16,150)
Acquisition of assets	(5,600)
Net cash used in investing activities	(31,666)	(12,500)
Cash flows from financing activities:
Principal payments on term loan	(15,000)	(30,000)
Treasury stock purchases	(17,585)
Proceeds from the exercise of stock options	456	350
Proceeds from the exercise of warrants		249
Vesting of restricted stock units, net of withholding taxes	(3,472)	(2,509)
Excess tax benefits from stock-based awards	1,272	966
Net cash used in financing activities	(34,329)	(30,944)
Effect of exchange rate changes on cash and cash equivalents	(412)	811
Net increase in cash and cash equivalents	10,450	29,037
Cash and cash equivalents at beginning of period	180,502	160,014
Cash and cash equivalents at end of period	190,952	189,051
Cash paid during the period for:
Interest, net of amounts capitalized	30,176	30,276
Income taxes, net of refunds	$ 12,122	$ 20,839

ZIP 32 0001047469-11-009056-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001047469-11-009056-xbrl.zip M4$L#!!0````(`'5^9#\#5D5%;J4``'P9"0`1`!P`:6EL9RTR,#$Q,#DS,"YX M;6Q55`D``TY"M$Y.0K1.=7@+``$$)0X```0Y`0``[%WK<^)&MO^^5?D?%'(G MF50)6^^''<\68[!#K0T.,#?)_3(EH\9T(B16$O8X?_WM;B'T0`CQL&GLWJW= M,7KT.>?7I\^K'_KEW]\F#O<(_`!Z[D5-/!%J''"'G@W=AXO:EWZ]T;]LMVO_ M_O3=OW[YOE[GKH$+?"L$-G?_S%W-_H)A,./^^-UR;>ZS($H:5Z^7/MIV0T0K MM!Y`\I8FS-_Z=N\[\`S_/X>XGIT]/3R<0O_YH.0Z`PU[*P#QX[.@_F!9 MT\4;(RNX)T_/;Y#VZX)8E\7X%=R@#1=OI-O73J.;BT<#F.'E28Z?%$__N+WI M#\=@8M6ABW!QAR!-`);(D'\>!IXBB7K9&]$3\0LVR+$?@.')@_=XBFX4";R$ MZ5P.T33-4W*WAGJ1XW[!?YX%1*H>&''DUEGX/`47M0!.I@YFF5P;^V!T4<.] M7(\[\.1;8->XTZBA2"&&'NKU;R$'[8M:$STG_";_.6A&M!8/`3>$X?/\VN(J MM/'U$00^1_@!&?YC>2_;_ZE]$E!O*+*B2<(OI_F78U*G!;3FE*;`AYZ=IX]Z MR`^;:!!\PGQC/`4Q;B6YEWL)N';J%;,N"PEA._5"?#5%.KXTAVP5BFW<]%$` M&"EY&&$A2D@=%XW/[^P#"_$W^6L?O0F"QAU22>#[P.Z'WO#O6S"Y!_X!D$HT M"#Q,P$+,Q0T;L?%MZL`A#",>.1NBYR(K/C=:9_T0*0M^^]*Q@J`[(B(UOL&@ M]FGQR&JI?SDM))0P>%K$X4Y=+&;5?<]=?&P*_X)H"$S=*5#W%[9H`Q]8*$IZ M?DM=V_KO#'%\Z4VFGHM^!MGN+9#X;5DQX2L2?>*Y[Z=+E^1]6^-4^-H8#F>3 MF8,3I6XX!CX&P@=C#-14=7QN&M*4`/A!9T@=VR?!=EW<&[Z.UB MH=].US8C'XSRU*_O=4`??`!GDF]Q\^1;?,'DFP5G;VN\SWVY;<,086,Y=Q:T MV^ZE-86AY;R+[BV5_>UT=,JPL]X^<&]3:N#3*L*">SJ#>_I5AZ4%KYX64*H4 M<3V/E7[>3"TOFQZR7GW'HSM1A:.8GZ(4Q=A&LH"+TH#K56TJ*ZXPNSJW"/WN M49C5S/`0TQ#NN;"J)^_]/-9[(3$I>#3?.WY M&7HB;BB^E6XGA%?^I5?P<;I5<)+IC:`IR,0+2 MRA(:62::`&6V0VCAL153E[:CKFNFG"&>;CM+M3'Q_!#^0^YT1VT7C9T'>.^` M1A"`<(&"O!T?HJE+:H:18-WUCWE"0)!ABM@\WHYUE/!\AI!IK@A'V&#&OQL:\:H:J90?= M>FHY6(M]6ZK6&W-G;LR=J"FBENWE]>2R[`T`5-$,\-8.:$L4S?0NH<.D@,D1K/4;A5RH*N:KF;'8ZKAO*6,5KTC MY4H]T_'>`3N#!3P5&JNBA5'4DS) M*&1JB4S.K^'A60Z1NCD[HF;J6=>VDDR6G>QVA2@2:LS"L>?#?X"]8"EC0-N= MJV6>UNUS2CB.PRULP=(LE[.24W#/?1@`?]($]^$R@I*P,8*RJJNZEM7U0AI9 M/E)F(6*X'02S!#=)JH);`3:JKHN"K)L)-RLHK6%GN2LE>4N69&'^GQ*>5G57 MZL$[R^_Z)*VQB>&*8^,%?\J&_&7B:^$$EZ(V(+O-:)#T+2$D@=?6.M\'CH,< M)HJ%;BW_;X#CUES8)97ZY]5QEVR*1M;9K*:5BP=]%%7<^=XHB1&D4C>\F@D) M^3LUBTZJ];)^6J=2LK`_E:I&.1?!.([WA+=37WE^TYO=AZ.9@Z(>;X;R^!X8 M`OAHH7#[,FO#Y+41PQ+/V(IE?=)&E%>&$'G.-G?AHFZ*HK$JDBBD7VTHRNK: MKBW?C[A?M[3&'PF>U3UKO[BAAN9?F&0Q_IY6I;HFP>>LN&;F1CW954]F"&E$3):?UF3J>,\`]`#)UTOZ=?.JAJB82K:H ML99:ECER_@L(PCOKN:@C-Z]=F+J2K9054RC--O-<;%ZC,!5-S>)23&)IY!$% M*P9#W3Q!$I%62_EA5T`BQT:F9*EN7@4Q=4,VLME_45V2:'!T8SD=5#&RO>E[)'^+#=:B#EXZ[BMM+,U[8Q'CD(L$]\EZY1+_>MM2 MN'8O)\\&?;1*-9&;!_#!C>SA\'G@6VY@#8F\KDU^.62NY1II#B[*-WP8((&; M,Q\C0R9%\W,$VMI)ITW[K4YFH_+V[66EJ=R5ZRWDFMG^]67^[@4:=[B>>:X*(6::3AHP8?R&*+WV$X;KMDFGI&IGX6 M#^4*;OK:J>A*^SGS-E5;X6:W8S8_G?;7+`CQB\'`6\$6PJLU&H%A>.5[$Y+6 M?;:"+`,+!*I:IHT0,'*9P)Z8+ACB4>$DK3$DG>TAS^/#83C/=AM/EA^I$E+) M$8#AS$]FUO2U,_';0%"755%?MA$[\%M=>G*O2R87@]8WX`]AD!0]]+63^]N( MJZA:96$+V=M0^0U@"/K`?X1#$-%%>;KWX,*E>5V]U!ELK?XD MX]E0_W<1IY)J1&6IC49&^;1AZ4ZU@C*H)FD55*0ZFR]D#DI+'Q5ECM*&UQ_^ M$7CEX[^\9KQAIRH&"LXJ]FF%<;\OQVY43)1>U76OCDF-*I-%NZ35,CY"=Z/% M4/L-,XR*8<91!Q)&Q4"B*%0HZ)W#API&Q5#AC00#1L5@@#)W_T*U)J-T8J+$ MA+YN1>D5,VNC8F1`3[YL`WC6(AL`EN9WN[,0+^K'V"_67U9:9]'O%L9V@B@; MAO[+:362>?:NH(,009[MP?,77M$45R+\"?E"X,R_(4!>3E/.M+:$1%1D[X$I M5CGW`4^"SA8VW)16T_P3+YQ?UU!";G[_"@9#R_D36'XKVBBW(+5:@3[5XXU4 M90TEI!K(UMC8WEPY5M*=RNKV1ZB+0=1ZYMVDR::'@@UT-5*K/.OJZJ;3VT=6 M-I2W8`'2VFO/LP.DZ'/3%_11=+(@N-88%2]*,C5#-W+&:!6M9=D'S]-$9'VU MR*)0_RTK+'YS2?'0==]R4,`(OOT')%INK&XXO4UI94-Y.CWP0-;9NV''FB3\ MFZO)$,OZ:#G<3?3M#.X:?SR#YY!5.DD3SK:\C%>DH5%'7Z%KR>)E05A-_31U$L&+0GC["KJ6.X08[Y'G3^;;+.XL/"2Q M#;?,Z1WR-K`IWGLY\&<(+BS0YXXGK>Q')_XD-\@0\06*/SVH\/X?EW_R(M M^JF_[>3O:4SEJML9U*\:M^V;/\\XT@AY&S^#"7*8@8N:M+AXC__H=`W=]L8M+L=#K]\>A\W M`)]&`\I_%?@ M.=`FF[>X43S".)@,,)"%W`H+@G'`8<<'V)F'0G2&&X(=SEFC"-13-UR/-04"N%AP*=ZNO01 M%.7=X_GF6`]0JWF=P50^#A&&*(-%D:'S'+U9NUZ\T4^]4?LYU[#KN?7-&T>1 M=GT5`0+"0O:DZ_`XP))Q'Z&+6O%F`7HP^'F-FMKP,5;4NT:SV>Y#42DKVV!ZN(OV5UV;V];72:%XCDUT'C\TV+,,+71%7X4./J M];6F#S?R!5GP>C!%$?NWO-MX./K:=<1H_%K*^Z8;QF)([8N MNS=?;CL1['VNWQID&`WM$DQC$1PP"A..A`61T[3+JM[2%J_'M*4=:/OP89R( MH>_`ABH>OPS:&Y!!-9@,-,B@J6]`AOV.AS(;W.HTT_XFDP,4&G7N<2[NO1>& MWB3M!,9EW+G>DX^_B!C]FS/G*+I`_L>-W>22UY][[HPWG_MN3<8_/G=[S59O M\<`/T6)[3IPB_XLCCR*7G(!,4HW/EH,7;"_N6LW>EYL6CT5)=\:*#`CADO37N"+^J^5/(O(E2L6M MK\/ZG"L9)/,()-_CY5V#`\DR1-X)"O,L,ZMZC6%4_4?I3_;&I>=/3QALYXL4 M)3=DTUD.0PDG+IU?2^I^7)Z%K^@Y$W@M*ALQ`6DM"-#1> M,IDZK2=ABKQ@F@RHM222*34&UEH2DF[PDJ(=!JF=@XRG,0S3DP^4A1AWOC<% M?OA,9GWP:K0IGBKG.1>$1Q!O4#$$-%6D5@0J`#H":T<%3HK.FZ)*K1148"3Q MDBA1*P05$+'A5@TG5>!UW3C2L(+ZV@5>8 M`B^J!QK1!V^](DBR(/.*R2)6-N(83J\7:I@RKRD'JHSM'&M07L)HNX\@VGZ' MXHS,$E@68%1TG*K(JPI+J]84MU5>U@Y4ACQXZU4-G8XB,'JG2JC`B#G-:CA] M%'E)4GA!>Y&2V,_'#L^AU6CGL(+Z$@;9MWT\BR^85M+0>M4T'-DUA5HAJ(!( M03F32N\"%2HP,GC)8&K$+-(^0G>5%X0#U05+8@E"J-_^OQ;RZB#)0BM:,JA)O:L*QQV2OL;J=EP2#UW1Z9X3IP4J3#5X5 MZ4U)Z4%*%$1>->E=RT@/4O16N>G!R-1U9*$.5.=@N6E!W"F=2$A>SO9F]PXX MAMB3R<7D8G(QN5X]9Z5^EC/>9.XDW^MDJ>9F.U(DECQ5P4D3V=[@"JF3(O/F MH8+=HT)*TGC58"KU)J9`Z0%+U%5>$0Y4Y-DYW*!\K7:TI.JX0@TJ%/$AC`5 M.,F*Q.MLU=`:QRG(O,J6LJ_Q`RJO&VPI.[-*^UA;I4F\*!SK$3;4ES#(\:K# MZ.,LZ>""^^B#(8"/Y+L4/Y\"\N%#%G%4G<+C39/>-)0*C#111-$&,,RFL7/6`#,"%?W7$S7RK%Q]N03Y6R MT.(X-/7@K3.<]HJ3(M&[TI,*@)@B,9S>Q(#;.<:@OI9!/J`]]AP;^,%/'"M9 M;)1,R2:O*_2N.J8#)';8#SOL9S]5;7;8SQ$O[Z<"GH-:[))@XOVN[#^J':5, M)B83DXG)1,^N\]=/&*,]XNE9[_A3+D>1.-*S$/M&6=[QE]@B0#;,\[VC+^; MI)(>C-B><=JBQJ/;^\GD8G(QN9A<.V2="/8^UV\-,HQ6BKL<,`H3CH1:HN:;1G"DI2U>CVE+ M.]">FX9Y4_H.;*CB\"BSP:U.,^UO-B]4IYX? MEW'G>D^^-;VH1?_FS'EAU3KE]>>>.^/-Y[Y;$_&/=3,%12XY`?D>__'9_O7_:Z=W>M M9N_+38O'DJ3[XKXX"IA'8%%WC2O"OUK\LF)"8>O;3,+F$E!6BI/70^&P9]!S1@N[X M?#UVBOO&)&1VL%Z59;CL"+0*D\N&SALBO8N5Z4'*4'A582KU)C:+T0.6I$N\ MKASK"3B4+P&\\[TI\,/GQ4(P*B-APJYC\"+PIL,WH+Q187'N>_00=AP06T`TM]P'B M]0I1+8,%&&Q`[[_F(ZB\H1O4BD$)2'1_38$*D-B(8SCM$R=-,'C%/%#I]BU2`I&B\R4Z^ M9TYS3UL5!5/E3>U%(OJC/__FT&JTI$0>?S5>4.A==T8/ M5IIH\KI*[SP)/4B9"B\:]*[$H`HO<]&!DZ@8O&^P\/GK"SJ,[5XO)Q>1B MI"2 M=%X26('G3BO95(`D"0IOZ@RDA-$ M]#D=7'`??3`$\!&?DA_\?'HT7[6C0F<_*BB[>I$CEXY^WX6JD2D[:L6@`J2/ MJB;PHO0B4^5'KT$R+\GT5BZH@(C%%L>!T\[A!>4EBQZP`9B0#^VXGCM$MWW/ M<:#[@(^T`3X(V"$VFV@JW9(PG&AHO>IV%7:,DAM,[&'`[QQC4ES#ZH3?\ M>^PY-O"#GSA6J=BHG"V)O"2R/;#L@)]=06('_+`#?M[XFGXJX#FHQ2X))M[O MGS^,/PAQ%*DK/"E*V\YSM/-\_";;SG.T\ M?S=9*CT8L9WGM(6A1[>#E,G%Y&)R,;EV2&&C/_$BI,4O&SXF!+^OUSF`LC5O MQ,T"\/_M?6MSX\BMZ/>MVO_`Z[-;ZZFB'9)ZSV93I;$]$^?,V!/;D[VY7U*4 MU+*8I4B%#WN<7W\!=/,E492LA]V4^]39C"R1W6@T@`;0>`0GX8P-G;'#1MI= M_].GBW/XY\/G"^WDI/SUV?;'5](A?HFER.>!29.9OO;/SR^O/IW<)(<6G&#) M=]RJ+7R5;"9].6?\_ORK]OOE^=U?WVNMSL_9*W?77Y-!KF\O[RZOK]YK`7/M MR'G(V_6;K5W@_.SZRY?^U?EO,.6_",4$B'YD-HV?C_+H7H81'.3;RAW+L"=( M9\@P]BQ_LE.`VI"Y2*)#Q[M'!P3]/;-'H^3O1V<437X3T`W\8,2"Q%%1Y23) MKYB#=7;]^=N7*X[V6^WVXJX`Z%IZE\O&F=KU#.Y)UF!M\G*1H<50G2W`:+;J MOX96\P#6T%5KD&$-;>,`UF#N=`U5DO/BZCQ_2CS?7YU[?E(%G><_!O;LMR/^ M[Z(07CB?Q1E;.'?%*6LV&OC7JEN"LM,SP^P`/]Q&=L2P;5>F2_CC[/.E-_2G M+/M[[`?9']&$Y?6.'W^XFP0L]_`7F'429G]?>",VROZ\93.8>L!R(S8,/?O# M,DQ3*SOF;\]NKK]^O3B_^?;Y0B=4Y'=P4'[B"VV+;_)DS4U;CK\JQT'IZ)O= MZ!25C07]MW)K+S]_TJHP\D:P@.\`RQ8IM3_\3^R$3N3X7O&',S^8G2JT_?HI MM@/;BX#="^BYS37V4UCZ]6SM(IF/LI=)+[9,XCN&(;*KR+J6H:7?TIJ%P4XJ;KFX:>\DCKCUJ:J`B M2(&GXRXHG:V]Q.0MI:&ME0(IG0Z7HH2-YM!5BW8LM(-WNN8Q5=A&\>VN17^G MI92ILKFLAKR1_5(@R.SMI1;EX2!(":&UA5##>EG]6SL1-KQ+/`?G-#QO1)R40I$*5EVY+V2 ME@)!+;W14V)_1=*WJ3<:+^L\K0UN++VQ'[6A]JA1[H5UKXOU7GZPM$*UWK'4`X$Y3?>1E2_4J#"ULJ"E([C3%W0["@*G$',2]U$OFK'ICPZ M"D_RX.GX9;U>=4&+(A^%IQJS6856H9S+TCJ.U)K4FM2:U)K>KG-YP5J$+Z>^ M!W-GC39K8"E*E)(OMQ=:*D3)[(J6!U'DC]Y+.MB!(4INI[0\>)+4,RT/@EY3 MABM#LJY]"-2ZU+K4NM2ZMC`P^4?5OT3U+^&DH_J72-+KH-&K_QI4_Q*U!M6_ M)%3]2];N7]*J:_\2;8VV)<8Z;4M:JFU)Z8ZJMB6$!=6V1+4M46U+Y,*;:ENR MAO">%TRJ;8FKVI;(=@U3@U!'A:Q:(JO;TYM-%:2QUDVHH1"EV&_'5&48-2X< M)F$\GVI;LG$L3'L_H56US\=1;4LJ:&9OZ:OUQTU7;^Q'LM<>-350$:3`TW&G MI7?J5GI<2J>#:ENB^/8%^;:G&Z;J6%4V5T.U+5D5DJYT!B5[ME([.]9>DHG> M;+<2[=CUPU#5'%^W$[;>,>3M[RP%BLRNWFRIAAS5.-(M2]X<-BE0=-Q5+6/+ M$6/U=*NG<%.*FXXA34&86GL45'^2[8G1:JDFC2OZD[24,K6Z/XEIO*S)4QO< MM-45Q/*YE#MA#0+2C1?V2%7H"S3^F\G[KU5Q*+4FM2:U)K6FMUM`3ME\Z_J' MK9[J2JEFM-04J?,>H*>)6L'7.-X9WJ4+);BE5> M'84GA2>%)X4G24>O"9XJU`_E@I;6O:36I-:DUJ36]'9=T*J'R>&X0&J&)YD= MUO+@27*OM42(DMIU+0^>)/5?RX,@.9W8;\N*K%TC`K4NM2ZU+K6N+:Q+_E$U M,%$-3#CIJ`8FDC0[:+;JOP;5P$2M034P"54#D[4;F%@R-C"YUXPJ?XEKNI?(MLES&O'\RED M'2JRK)ZI=_=3N/[`,-7HZ(VN0I3BO]U2%<8?M%XI4F-K!4/"8#[5P&3S4!C= M[*JJVZ6H,;&1@'110G+@QC):>M-034S*D=/1VTW%5#75$Z3`TS'H!WJOO9?> M>6^NZ*AJ8Z(8]^48MZTW&JJP9ME"HU=,;AFK248DCT*',AK2+D`)%IFZTY,VRE0)% MQSU@M?TDLM5>I>JTZMI`75(G@^ILLCU1=IM*Z%<+_;9N60I'*YJ!-O3N"W=S MK`UNFKII[(5^:H\:Y6-8^^I/[\IS,4'COYFB`+4J&Z76I-:DUJ36]'9+RRF[ M;]V`2-ULR%L*30X%J M[#JNJ$2K.ILHEX["DS1X.MZ+BEK[(T&1C\)3C=FL0JM0SF5I'4=J36I-:DUJ M36_7N:SZEKPM+[1$B)+;%2T/HB0/]98'47([I>7!DZ2>:7D0])HR7!F2=6U! MH-:EUJ76I=:UA8')/ZK6):IU"2<=U;I$DC8'JG6))&LX@+8?A[`&U;ID80U5 MDE.U+I&N=8FA6I?D50S5ND2U+E&M2R3"DFI=HEJ7J-8E:RM(DH=GJ]8E!QGI MJ)!52V19G9[>;,I;]TH>3#7:>K.[EP+M!X8HQ7_/H2JSI?>LNI8.DS">3[4N MV3@6QM*-ELK(*46-:EU2@9MN2^^V5.N26U=-;^PE[ M5:U+5.L2Q;A[8]R.WNB\+-_6!3>=GJIJOT*M4B57E?392OJT]4[=M`89'0JY MWB5*8=C,R=71+8F[/DN!HW9#?[46`J\^^KKI?WK/4F2T0FW0#=5_>`EJC+;> MW4^>;?V1T^N];*N\K54%21T,JFW)+HQ#>:L&2($@LZVWU4FXJFU)6V^U5&^. MKN5Y93=MW:( MK:',&N5+WXDO7>%HA2^]*W%M1BE0I!S&JV2UZENR8WW!]<-0=2W9+:4JCX[" MTTXEG[0+D`(]BHP4G@Z`W2IT#.5KEM:/I-:DUJ36I-;T=GW-JHO)VW)*2X0H MN3W3\B!*\E!O>1`EMX]:'CS)ZJB6!T.O*<25)5G7=@1J76I=:EUJ75M8F/RC M:F.RHHU)6YHV)I;4;4PLU<9D5ZTG=MORX'76H-J8J#6H%B!+H:ME"Y`S.YQD M?WUT_<=<3X\7Z0=BJGX@^;-:]0-1_4!4/Q")L*3Z@:AN%W4)ZL737!OC(:Y1 M'0@\@@=/VC$8^R/-\=YI?EJOVAZ"@0O"L185J^5Q[1];>L.2KL*N1/@QF[K1 M42WNET[1;>KMU\IDJ!>B`$_JVGKU%)VVWFV]4GG3K4]1"8.;5IZACO?`POJ= MH5+P@V7IIB%O6QLY<`22SU0XJE8S.CW5!6*YBMIJ2*>!R8&:AJFWVR]+-EN? MD;);FN)@U,:.9WM#=2YN9C;U],Y^PEGKS[1@4K::TH4;2H$;E=:G\+3;`[*I M-ZR7K>B\]0$IH1%Y,1ZS881Q5NS[<&)[]TP+[(AI_'.H^9XVQ!/4]D;\`_M/ M[,`"F1>I,U/QM,*3PI.T>#INFLJZE`(Q6Y^<\IJ690>C9D?:@-T[GH=&)IRM M,Q8X_DB=ETJ^*3R]/)Y,P]0;C;W8"H>#I$Y/-]NJAE,U(74-O67(5]V/)GHS M^9*UJJJAUJ36I-:TNS5M;4E(Z(.KM"-$%F1M+`AYXHUJH!XK9-4265A7Q#14 M39^U@DB[37E;FLN#*+-GZ+V6,BU>5Q6J74D%M2ZU+K4N5;*$?I:B9$FG(4O) M$E/JDB6F*EFRHQ(-S4,H]W$(:SB`-36(%I8"3\<-0^^]<$6@K<]#">U&5:5$\;3"DR2C*SSM M%$]=4QF5FK0T)"5URJFC)6]6.%;)JB2S3 M-'5S/PWO#@Q3G8[>W4\`S($ARNSV=*,EGW?N;9D6M2NJH-:EUJ765>^B)>M, M]^,/?_Y3')[V`^F-J:07H^_V@'8#F?^%/#T M=.VY3^=..'3],`[8'?L>?7#]X1]_^?$'3?MS-N!TZD28?!WVO1$,CU'C#$9F M8[_HM$LZ8-$9_YH_5_)'5&ZO-RYZ M,L`/5]=W%YK9R#1@3/"^O/L"YMRMUK\ZU\Y@U,NK3Q=79Y<7MY4I@;-M8?+CTMFC#-#T9`*L$3;%<S>=C&[8,@8%ET)3^EA%N+..N$$]BQ@L$D/\`$(4!,4/Q0O`D%&+`BU MQPGS-`>XGL&?4YP5@`++%B%SG3^8ZTQ\G_C&]K38&]L/?D"DX\?1T)\RA`Z` M&-!W:";3BWX8X@\!LT/?@Y^>$"YGB@]Q,$<^3.3Y409O$5H'F"CB#%H"+XXP M`-#8PR;@XK0)R*=:WXTF?GP_@1D\^YZJ'&C#.$`V!;"+L\R-"1#[;HR,C1,. M7=N9PE;=VXX71@BCKCG>T(UQ=Y)?`?R`5<"6P]@,D.C`S[KVZ+@N03VQ'^!E MQ`4P'R#%`3&"X4*>6/]_8F?D1$\Z0A:[48A@B6Q-WP-J`L2.$[&$TF'D),`3 MM#`(T%^":9!46A@/_HT!24!WCH>@`W)B;\B""!:)<;FTY1GF?@FU!P&AY6NG;/<^09;BZ> MG&(N;!NR430A>">@K@`YP#!>#'MO3_V8P_]3^[2]\*+F#U$>(*I@O4_,#H#A M@'`_I=`!?F8HO6"0G\SF::]D".0'8&\"D<"?!4"-@4/(=3'$#Z@78?N222%\ M[`8^P!LANQ?L-8%MX2.@]`FBO-BR[P/&^$;"A/TPPE7G6&;B`T<2%E+,CD`2 MNRXLB2,!$(U#VT,D"G]$<@,P;0-7P0[,9C`A'XD5YDW#]'/S4KH_!?3#RF"4 M`9O8[EA(!N1.("384/_1PUU$)GN<.,.)QASB?G[>H=C@YQ*B*(SA=P%-/(,Q MVT:&ZI']A">1@P,%#M"&AR+3&::8):D"\L;3L$I91"0A)%D"U8Z1G^3^<;82 M*PW8D#D@QC,-%!"!Q1'L>XX_!"1`%HF9!NR"TAL>`F8%K"`#9G/28KB<'2)2 M=+[.-#V??9^A*LJQRX>E!65'`@GYF>V,M''@3Y=,3=R#KT=X(M,8 M\,GAC!X`22!KY9:FI]I!)9:3_0=NQW.47AC8+HF;8P>/]:=W(.;G,*&-&2I2 M\,T?1!OTVHB!NN-$N2.>"$A\S8$O.6^1RVT8,'>*97NKX]SP?:7<$KQ$$Y". M`_LP1$P")0Y@Y\&X04T,&!#9$PP-9Q23G$7%AXM4^QZFO`?TU^%$N4.&C@,X MWU%]!6WN7E!7F9#CYWY>`B6O$F(%B6)^+%9'`5TFI58D$BZ#--04@;6%^D$; M$4Z<&0SNCD'D$DD,@(#'#ITSQ(QK`"R]E(P&@A7]W:!`GB@$Z"=!`NKQ(ZS1'F7L@NL>DN8L0=*,'?/#Q? M_@%Z']/Z(TR2O@.-Z@MI>W4SY2S#Z''9F"[O#`PZTBO^%H=T$CEA&,,B;>W? M\8A+.\X7)!GFT7!\](_^W1&FBHL14]."S(?D33HH3S7DP714F]((0E3M9K:' MY_+C!`Y!8+@0[054`82=IZ3>LCM'+Z9F;64S,>?IM7: MN9\3PR8G;>&)>#8B@8NBA6ZG\Q)*X&84,[V`1M3ETPP4>)R!0!#&\!"%V!1. MRSC@4N-4^\"&=LP=%OAF9A<^H;8>^,*^H-]<`6-BZB**0M#@77Y\IR2HO-Q=_O;BZO?S'A79Y!7]?U.F$+NQ@XK]Q^!$9.,3(7(R- MP1[V'U%P'=,9Z<O:_6B/9=;KQKR%)NW)"ZW+BARHWOJMQX2ZU!K4'* M-51Q[(N5ZBYC]N>$]Q2Z6-2_G&NK`K1$J[B;!`PL/Y^J?+OYNJZ5E;XKU(RW M@3>LDEX[M+TN^ZV$\L#8SUJ#C,AZ?&VRD`(-AD*#H@:)J.&YLA(C>C=.OU\N M91W/%HL3LGG<'T66S!W/[PS\FOHNNYB66Y3,5R+)`PF=J:9O/]A+AZYM- M:9I;EH]6B"V?LJ=;O6T23Q1>RZ=L6+K9V";]0B%V"6+;NF%M4WMAAXC=[@Q\ M5N;HZYR`'^^U5;M59H@ZHM'1KJQ8! MBCH7J;/7>!&,'CQM@D+;WJ:"[^V\,?U.*F_U=I):P$>6D%(Q_QX$3CIPAQ\%J0V0IU45&!F206W%Y^PD(MV>?7Q^N9+'P/9";]+(C%DRRG`/!G_ M@06V2]4TAFP6L_$8$FM56HA`#FAZ<9VB+9+13I-)QWLA(=3E8Z MB)C(UY(Z`\`#4YZH+'+K8/[0":FP!67X3_Q'8I3AQ&'CW(PC$()4Q0)3I0.J MUB&2K$7-&4RZ2E[.OB/6\H-[VP-\CD3.79*JE^5A9TG>8W\8I^GLN7$(.$QM M#D9AD@H4/X9S!G^PB.=7B;7SZ1[] M,OSRO#=)\+E4T"2B7/:D#E,M^AEGN`WL:%I+Z$A#R MLXKJ!2,&\"*RM*'K"!R4Y>9S#/!387'U(CU45$?0J:Z,C]0>3\5$.F?,"4^X MIZEQ\`E(R*2.0!CZ0/$1)\PB-:6("9)"`=E"0%V8I`_00/D7YE*TZY!*GRL6 MIM&2%^A4B`J4-XXK4$8Q5!XY//D!GC)`ENB$%5\HM2E4B4TJL6F+Q*8,HJ,Y M->GU1MK@=;D29%JF6H-:@Y1KJ)(BKY)LE3D=&ALY(P\L\T,E7JG$J\+H\K"B M2L):)"F5=I.@X?73;J1`@Z(&2:CAN7)SIW$X\Y)T_S$Y*?*7^+VJMJ-VD3IJ M-C6;FDW-]J9FV^Y`>W8OOCDHC?WA9%ZYV/]A><.K3A[`22AOI%JWK5N6BJW< M`V(;>KNY39\WA=CR*:V.H1LJ:G4?F&UW]<9631RE.4>?:1@>^DEZYH=4\36T M778(93ZDY%BSI[?:DN3U2S_;VDU`=5/A=+T_*3%MO MMY0RLUN-KM[JJJJ(N\5I6^]VY*_F MITS09YJ@U%":Y\?:(TP0#:.`,OO48;IOW51OU[@:F)PX-?56LUW;54J)TW93 M;S74#=MN<6KI1EN9I8=WG/:G6#CFO[P`@#A`,:["\2+;N\=>O"JZ8D\\U0+; M5.G\.T:II5SG.S;WV[K5EB0.0/K9UL5I2^]T)'&A*--T9V?I.9L%+*D_I(S1 MO;)00S=Z2M+OUA8%?429HCM%:4^WN@JE.T5I!PQ12=21BJ-3A276(C1,K4FM MJ9YAB5*YL5Y6L7\995Y45EXH@GD`"KW$^7HMW6A)DJYW6(AMZLT:Q^K)B]A. M5V\8"K&[G[*+#6KJPE`*%BD"*E MWFJUFDW-IF93L[VIV;8[S*3R8KW^!7+NC!PS;'*CJL7MWKJ5N6)/>?!X58LZTWNI(@]@4MQ$,_4K_:87B2-+L[G`-52JXU+=TP M5%#6;G%JZ)VV)%F,TL^V;NQ@2S=4Y/V.<6KJIBS)@17'Y]N]KJE5;(Q:DUI3 M/:]GI/)HO:QR_S(*_9V/W9N5)K_7T]PR]&9/N6_VXF7H-B3Q,D@_V_J5BJUF M?7$J+[$V.WJK)4GZRG:GLG*)Y9"M6B>\A*!OZ693DH(9TL^V+DX;NF$JO\UN M93P6RY'$;R/];.OZPCIZIR.)0E)Q;BI?6"W\$6I-:DW*%W8`>K=JGO`"O@"] MT52WI;O59O1NC0..I$2IV=0[IB2Y;=+/MG:IE4Y'$CMFNU-3^:H*6?BJ:\++ MLY(*CMDM0CLUKFD@)4(MO:TJ/.\:I0U3DAM?976J?@DRS[8V1[5D22B0?K9U M#2?=DN5"6OK9UJZG:/842G?L,>FU)=&@E2FJ.B5(/-O:8K^I[OUWC=*&J1SE M.T5I4S=EN?67?K;U3]*6)-GYRBA5G1+DFFU=,]12SL?=(E0=G#LV0=5]PVX1 MVK;D/S15]&$M(L#4FM2:ZAE]*)'SZF75^9=1X9?U1]".73\,WQV`-B]O8IY5 MXRH[$F.U6]^0`GFQ>OPRUE*)P#E(9.I&YT7,^:7X5"K](=2@5^M2ZY)A7=NI M^,_TJJ^2)OM7FO'+`7XX\STRP^R(C0@'@Q0;]5::U6QJ-C6;FNU-S;;=*2:1 MH^KU;X9O#J:PF[Q6I&FT]8Y9W^(T,F/6T)O=^EX/RXO9AM73K59][XDEQJS9 MTGN6)#3[HO;@H9^EJM#;2[!/4^\8DG"/]+,]HYA\I[Z7,5+BU#0Z>JLM25R0 M]+.MFRG?UKL=29B_XNA\NQ4S[E6=MQ<(&=<-0VF( M.\5INZ;LCB"]SNX%0>JV)>H!.P(7RU$%LL M<@25%VM/+-5LZYVF$E.[Q6E3;\F2O2S];&M73FWH34,2T2_];&OWUI(@ MM>(\56ZL6K@2U)K4FI0;J_:Z^/5<8M\!J-[R!F%8+=UJU;=XD,2(;>H=A=A] M>&"[NE5CQY:\B.VV]:8L!5&4,GX(259J76I=,JPK)TWX1QL`3_\:.0_9A/_G MY$1CW@BC%^.0!2?AC`V=L<-&VEW_TZ>+<_CGP^<+[>2D_/79\_3VA?7OY-/E MYT_:U,;RL(X7)KYL'SXZGA9-F/;-`VMCI-U&=L1"JL_NP]1/3[5/S+\/[-G$&<(88S^8\OIZ\/\! MSZK0-;!PAA/-";6!'<*K\%/HQ\$01M`)`M?W[D]8\E]$K`2(?F0:QL]' M><)=AA$3GW#*]<3I$0ST_6 M%AOS2LTS#9]!H/TI`WFR)@@E,YFK3:S2T3?SPA:%?X:$5@5HKJA%<#<)&-.^ MP.^3,(^"'W^X\$:HH+!9Q*8#%F2+:1@Z+6%0?HJ]#;Q=.5[]T"8/*ZZ$^,!8 ML0H)"4E9AFEJKTTB4J#!4&A0U"`1-3Q7;NZI4-%+7?ZER!?U&-Y7X;]V]X!J M-C6;FDW-]J9FV^X$DS@TYF5.Q(*W_@#.0'DOP'N&WFY)DE1]4(CMMG2C)TF/ MYX-"K-7IZ)V7J(AG:-]UQ1WWT(^]".^T#^`DE9)7 MS;9NM%2"]&YQVM(;/4EDD?2SK8G3EJDW9:F@(_ULZR8>]O2V)8F>5W%FOF0$ MJ5R1>[5*J5%K4FN2(&)4^:R>KV_?^9'M'H"&+:]]JDII[P^SJI3V?J94I;3W MAMF:E-)^NYIW[7)FU+K4NF185TZ:$_2YFZY4$'7M.YS-IS'E+F(J?K%92?: MU,:AV:\7BOUY,3?;8Y%VS+X/W1B/5>W>]T>/CNL6D\EM[][!`YF_]&[7H=S[ M-?[5Z&KT==T:ZS&\1+<"+R-`=A^YNE_B>`G_WIH7Z5V]U=[&G?=F$-73V^UM M;D%>4R!(%9CW,B)A7X%XTIX:NR-U2[?,;>Y.W@"*3-UJ;!,FMQ]A\'8O/6H5 M\G&(:U(ZZ^M%KD@A$5]`!6L9>F>K0-HWA*C>5ATDU/'TQN]"#W5=.>KD'_=P MQ[O.=#_^\.<_Q>')O6W/WM_R5E`W;.8'6(S^W`F'KA_&`;MCWZ,/KC_\XR\_ M_J!I?TY>N*1B]7?V]Y(G-6?TVQ$`:!IMQ*X7P0\W;/S;T3EZ_?_>^.?=^=%? M")]T@RE0BGQ\@GS^GI]C]/?8GCKNT_M?[A#%VA5[U&[\J>W]HA/.=<"),_ZU M<)F9WZV20W0CE_#5]=T%G+BTF_]CMLQ?+Z_.KK]<`/;_[\4M(;7*S[N;^_:= MU4H=VNXP=JD8JA.%O`RJ,Q7=![3(_HX]-1^<$&N:.IYF#X=^,+*](=,>G6BB M]6_/M$[3.-7Z$55'%>3);"QX*L::P?_Z(UWCI5G_$#,-6!AI$\SAM"=F M!R>1?S+"'^&S!U2,/VM`G.&I=@=SY98(WP^8Q\9.Q.,#8&88,`3^!?8:VEZD M:[$7AP":CL\"`0=V.A4HB5,!"ET##("&VW=XW"PC_8P`B)#SM@]XZ'.W#BCT_@F1/<'6W$QBP( MQ!QT38(3C^,(A`?M7XCU;9^S6)8L@-8*VRP_"R(A\LT598/7YX.HC,L`7_^) MG0!X8\@"K(&SI"*RN,+2M4$<:9X?::XS=3CU"^)(`/#G^I*` M/`[H"=PH+)'L_QL!Q&'%$N`K.CWXHL1;QX(#WQ%/"GJ&)?'=A3$9\!R05."$ M(X>/I^/*0,@CB='3;`KC(N.-',!*P$`6A;R.,D[K.G\PUYGX/LDAI)X'0`S` MO4ANH78/3!\0\PG:`K()<")<%9<2*/!BC[=#3#$9AUQ""+9,UBO$)*(F$R[P M^-1^2BC3#H'Y'S6L[Q0)GM2U*:R;4!TXN!HD>WM(VPA2,^%6((=\?6EXQA_@ M!G/1`K+UEY"+$._!"7R/6))/BO+.%]L9X=>F19S\/:V8#5.)18F1.;0+5""=O+ID24H)Z\4X=F+>/2E[,]P/$ MM/](YR(NJ(S8J%@WT`CBX''"8`LC_(XVGZ@6ZXO;'O$A[5#"P66#T4F#3PX2 MB&MG(H-&[Q$``RD^6<=I;^$F'^=#40;GD/B6U M\4&9XJ7OPQ*I1?,TS5/S9QJWT3MM_IQ*FFRTA&9)U(?YUU$#FX!!2+1H<]X9 M,R!-("M2?H@T`Z&Z-EH_`R?@&0#8<&:DLJ$"&24**Y;L=XN'`FB(D4-/^N,Q M*C^#I_0`S#TXPH,>1`L3^M>I=IZQW#.W+A/8!0D/LX$(P2,-UP!P)T$LZ<:2 M!LG?G_IAE->,\PIS\4!(#@XA[TF+3)HPG/[OJ8YGX0C,Q3@,B0D#FI6Z&.A" MG69X+@I--"=I@.V"47)0X%2XO,-G/F,GS-=>SGS6:6=GS,=9CIBO>]HY&.:3 MG\;ZA/X*.4`X*8TTS!'9Q!Z!R9LSOG!WA(W,Z:A,4G,Z,DLHK$A&M.6PR<3@ M'AZF:,/P32)11/;FB"5_@-A8#LRXP%3K2L-MY>AR>!*P1TA4]@SX\CLIV4!L M@#1S$6DYR39V@C":EVPH*&W$7^RFFC9HSTY0,!DY8Q!'D!4G6#XGGA,")Q8X M364)K4%X?M`G`WNH:\Z8.UF&J!*A"0;V!RE\N?&6H\`I2":AZ2_==#"Q`C`^ M0F$X"3#&VRDJV^QO'A6YI==E8U=*@(S%"?4P",#?782_L!\%7-1!$.(:09MP MP!H0[CEN<.$>@CD]@&V;^6%(4;KBY[""IH=^[(Y2&EB7!-!)BDK/(W,?4A), MK&5A\0:)FUTC;Z4XRY*64_[.R,(KN%M%)%*FI%4L'2P@;FI.[1'CWB)`)'Z7 M.HA@/G1\9HIA'4CDPY/VX`113`@!C>;!\>,0D#YVT(Y,O+CDYK&])V(!-%$Q M`B)UV08,K$UXY'!%@ZLR.E=1=*&?X."Y M'2-?2PPF=.!PAN-*$@V2.E-`H."6^EZJ&0,EX(O"&69/T7?%[6`RM)%"TA_= MI)%8SD$';\#[#T![@`E:7\$9A_[C@AKUE)C,!`Z?+TSM>$1B/`9Z<,CMY.,+ M.7M9L"6ZQX00'`?^%&C*AE6DD'%7$KF,!:Y_U2:@DSTD/BBQRIGMC+BC`P;S MW3A=61C&>'#9#HING(P[(OAD^0&$=P:.CH*G`IB7);[MD`4H3NAP`N1P-?L> MGG18.(=VX/-'?E8@0:!.FVKNP@P2+EOX^)0X1/[P_$?O5/OF)5Z0.YCE=F+3 M0=*_AZ,0$:$-`9LBN\'4.`4"!9NZ2*)YAPV_0'"%T[/TG$M.7F"(DW`& ML'(XZ\#0Z+&]Y)W\7$U4T8>3,'APADP[/KJ\N3UZ!P=?2"SM,D)"A$+SP6&/ M2"R`UU_"Y4R>]WHGJL0R5=HP47?QX_L)_M%.VP!R7@'JB(.\;4;46')H6TT: MS-+IA9&0WN0?#LDQ3!36/^/N:K!E(I=HA):)(OH)S1NDX#`>P#F1L]7_Y@,% M:&?^E+ZF<8'<..,1,>$!]V"[=&OTMQ@D6:;_`BKQ7@=MT+TAL)-'8"]MBNB& M_E(LHJO>341A>JV(5'P"EAXR7C^^CX'D8<2N0%GY05J$='X[.X#>A_0(=Y\X MALF_/N((7FIA6:?:/X1\12Y>BBJNDPC)6ERF+DXH.G/F#=VYVQ,4/!F8_"C* M2=@E7AU`1M:"\LQV'4"'Y]@Z7;K_TP_^H`G3/\[PK@\QEC\Y..;2RS\.[=+- M;O#=0+I"IRIN<@8V!Q@'X1<='X4W8`GRTLT+X?R,$CD[]M%'GQR5*4W@0E80 M(E$*0)4_F>C/@O*3R11^9#U7=0/BY.313Z]\T.,B[#3&<]"0I5&8I8<799C@ M4!]=T!5&=G:[4T`.IY(]H@B-&=!R7?PWM=T$%:QZ&7E;7)US%.,AC-20K&D% MC^YN#5P)>Q[P)&D7^!^VLD'CP8?FO/M#_I-46,_<(Y3X;+6/0/UXQ]7G+EY* M1GVTP\1)F[D'0=MDH^P]T'OP$B@J1%W0WT3'5O=G0EGG9SWG3^P#&[D91&9B MV%/P!FCDR;VC$W)`:"8:-$BT71R52XP2OS<"'K"QRWE8Z&1EOF6!@1FE2\6#CV;!F)F2D!&<)KO`6/0ZH78$IGESP33GR\DB M7KC$3-"9NQQQA*?8`VV'\Z]`0E@VG1UR?P^_4TRBBN9.BN3&EE/_BB5FCJ>\ MX7/O(\)`5CW:P8A3%'=4EZR!9&OJN2@#&L6>_0"O#=+5$5B+7'.Z!]&5!-:5 MVCJU"JCS\-#U>"0,UW?R9Q"P,]YG1608@^KMPW%>NF;^ZI3.F]1=A,KB/2B@ ML]SE6#B+:>0*IY^5^O43W0Q-OD#HAT(A7&II@FB;A6RY[??+:/UP<77Q\?).^_JY?U6K MD%;N.$&G>N0$G()#^X&"/S&0`Q@&E>(@]#*[/(B:L\(MY]YLR*9A'O_Q M+N7">>_"F8\N4;I0Q-M''BD&AH#_Q)+0+Q^3/0>HOR+S^EK+.#5^S@)`T<]" MTEB$J6;A>!0;1%>@V;4GZ;_B^D9XK/`6`6_2<=$^Q:1.[0C4AHRWZ6%85P&))/-DSSW9G&T^Q!8>0T M?N:!G[G!4`5S'5X3(UMH&`\P"(?4-##\\I+I5+OVM"]V,)PLZ"PD1P/F>&34 M<'6(5HRXS\.2%V]B&SGXI%7A!8APC(0SKK>'#FIC9;,:O5/XOG2.Q&!(D4RB M>>%VP%IR76J4W+IO>_LU;V\L@9P`=;P'0'NFEH7V%-$)QUB`V@R11W$C'WPW M]B*DL^)P:8`N#LAC@D6H:1KXENT'8JH.AM!%IA:3YRAWLAK<:M21_1*U#9T` MH%-Q>Y^HX1A7>W0.XF@(#*SAF7+TCFOY(9X/3CCABJ%`$G"^=Y)($.!K_AX= M[^1(]@16\16:-GU&&Z/(0;I"=>TDA6E@AP[PT]=L$].]*H!%SAX*9.0`\=&! MC9,X7NY?3@578:T470SO8VDYK4!1%..>1GUPJ/"ZERQR(0I.M=]1I(CG:/+" MHD2X,+)%R-VY(5H+&`^+7I%Q)*@J\8^&,5`M<[DLU_/TFX3C^AB<2/HW=ZX0 M=]CA!%<91GC(VX64!AI=P)X9*G2/&B87`R-4GKG>K!X,U>!#D3(C&-:/(R`*SXM(7_F%HT>X<-R$FS,106/')>.FC1= M`[#,5[^U^KF.4E=4/S_:3O`/VXU9]F2XJ/^9Y@'I?^U,__O8O[S1_M'__.U" M^W+1O_UV<_'EXNJN5IK@97FRTIT_ZQ1INL?0'3..8*(Q=,N6W7 MC[3C(WP7W@+)3>8]OOE`;Z*BXR7Y*X6K3T[V_"8-7;9HM*69*OP%'E2`%^>^ M2SR`TAV+'%X4N&]TSHC"$&*U\(&U!N6"8PT84JRB8$9"P$;#JD1N8K)C/X<(;=^X$N M(M=7C,9OJ.;&2DUED$4C!V0+&K3D^Z![C=S]91;]&.67A")RRO<0E(R09RJ0 M\G0"KP7Y1R?P-RIX:3`C>>MA]/^R4.@OLS@221ZP)7Q8\K:D@Z0QBPYE-W`A M]KY:FXG=[+/K)"P"QS\(!?S\'@_^K>O2?@:S).^[RWCZ>H!GE+BOIQ7R]#GN ME@,[R!=7%T,>#V+S\WIJ!W_@1NR>X^=`M3)0+SE\/$2%[)]5T-%2D`B80R]Q M[0'C.P/*I$O^2G&P]^4TLN5\\_P%W*=9$D#7R`\`)\7$X7)0B[$U]AU(@T== MPQ[Y%#^`24&)8SF)2B%%#:;V9SP%\M$K9'E5G9RNDW[,4Z<4\KO/HW33C+C< MA3?>4W^]1!1>^0^D^@@/UR,CY0ZD#''PZ*%D*`2MHR5'%TKB M^@",WQ!VE"4:8'&1X80D)RYTREB6#91J1V"`W3/T!&#B3)+%.RHYGL1=8/GR M;5)2$SPNJ)#BZB,/V(B"EOCA]E-9R'@J?T'?'`@)?_+(,+T^<]&3>8RF)0KX M`3GO<=&Y*VC!*'BH%-A'F/O(*"7AZ+8VSX?)N9`Z5L4094<"OQ181!_?_0H: M2BX@?C)/6R76/))3.:XX_I>'8R.B?VJ6.@]6AWFFI@2`53*"6%P"/>D%/`,$ MXSG"Q`:("IF"*?TEYR/>$R3TEQOU.33(W2"-10@SB#@5"E.%!ZR)X"5_83M7 MS<=Q\BCR3Y#QN9Q`\8EW,(*8!3F M8&I&(NHM-:RVPF(=?"G7XKJVFIWT)5PT9RYR[8"N_D^`%*8+86[E#%72H)Y'IIPZTN-(Y`QGOHYYH9S&&&;Y M\BE]EBV%O*?-0L%G5,E]X8 M^9]F5->!>-<(JR=5C4>&D6/9RXPG@>.5ED4AWG2%`2/UN('4A]S M5C1&(:6;>^F%41!S^J*I,V6S)BZ$N\+!5^3S$+>1@QE"ED:`N= MZ,%V7-)CA*:?3^D7E4T"'\X19.=TWY>5AY8EYU6!6AN99<=[0TTUED'.Q7^ ME==&SNNRTDHH#XR5UNG"=&8'P1,H/_GE__A#G]NOKTTNKX\>M/>*J.'&G\*, M(IQ:$HZ2P,\>?2D=F.8:A'!\B6X)/PYM;Q2^J]C^%U_ZJ]E[7!BA5F%V3UCMFOH M+4-A]L`QN]V9]ZPF.:]SXMV(K!(FSKP#/?RD9*Z&;AK;],=1*%4HW3]*F[II M*I0>*DK?@%'WV;>I]A]FV%1$-]>)SJ2D:K.MFZUMVI@IG"J-&LZDW&^V76.>[PT=FU]!-JZ60N1-DMCIZJZ,H M2G/\\D7"L'P]KT.C[P+3B!!1 M0J]8327-QU]5=H/J66&'48=:F%#)ECKDQ)(Q6B#?<)M\/6 MLMXS`?T8I?5!J!"O&#Y;0%AL,B+*ER%FJ=\/I\FTN8.H2\1;YB79N9RPV2BM MYH8\[O#!X)$@HL3BH1]&>M+$G!KC%)K?*Z=!;Z/O.$=<_`'/PBHRG]2XQ,71H@#N@+T>MB!XAO;0X24 M"GJ2T)I.64!*5]8(9V=UR2O+/18K0W[VO?L[H-AS-HA**D):LE2$+,Q$%'M[ M^?\N$C]7@80KYUICJAT4GVQE5VN?KS$/_^+FBW9^\>&.]FR0[I[4O/DY+2.# M-U;4QR@4_6A"[=C)9SVL*!:XCYH'5J[F05O5/*A7S8,,HJ,Y^?;-X.ILPMHTJVP-36$N%Y,7LO+@_N4E?. M<<'50E[RTT[SYW6<.O!@FQY<[MTIN8>33CA(P5!M<\NHGS>`HT[[]7!T^"K" M#7OP7=Y>AWLCA6.O#N>[%.2YDZ!SA:?79.6\^_6TA1RT--YQ79S,"X1Y`ZH( M[G:1,.N,M9D56!GPH]:T@S4=O,:YVPR1-R`GMT_X>`M(VCKW0"F%E?51Z\)GI1.6'?]Z1#7]+(Z80G[&+L5,R^E9;J%^([TAJ.6 MQY@\#GG9]5&),"6I4OIVCS+KU(+U:B,_'KBL#J+_4->5HT[^4;+\*U>$+BR_ M,*>9!NF<4@:HSJ?9]P$3/1WQ*^VGAF&4M6W%_)5[>!9;Q2YFP\"OM%V%B'R,AK<, MLXW3E6TC=@CW<=$\&!L^Y*!AWWEG+AZ/7A[R3RDTHMDK+JU_]DNH=7[60OY0 M["6Y25X>GH8VBX,PQJY>O#$W_9C.1X'NOD'S$$,5[4P!_P./` M^_%]'$:Y;>GQ;>%[G>:W<>P6HCJL1DGO1CU+*>/Y$^,Q`Y5I6&QW-W=CS+_T MLAP.;,<&+_+DA.+#N5[C62.T)*NJ,)(SSJ5SV4F.0Z'9>@*J^`VSO1R>X4<] MF?$JJX)N:8'BRALS*^!Q/9?4P!OGFN;/'/OI#E5AWS+XX+G4(+&F``*0&P8Q M)SA=D'$S-PZIL6XLU!,X#!<,3X>H\9=@> MB6?@S?[MMSRSFL8)"@*'-Z_F7=M3SA\X8U@%[RB)QR,"-?$I6R_IJ7BJ?0UP M14G;XY4S45/=')B81H53Y^;B2=#%SK,E;Z","AR.-LRZR3*=9[XX@D5Z,34N MQ@2N7#+.;3SX-_8\Q@3:5*D""<=XC\GYO<]C9F'KT[U^SCX;9?L\1[4Y&)#9 M*.,\398NR"',O749'44\-]P/&$_TU$+;%:<2?0ETX<'15]H:/FE@G^H9O,6T M/P3)R*4"(M[Q'ACE'![[@4B+RDZ+Y,=WR4H&F-S&0LHB3QIW!@S[W`LM@?)/ MDF153_2=YY*$$EYGQ+VDA22@<'98=K0[V-)4)/N+8$Z8\R@]C]CW&0/UXDBD MW2TYJWDC4DR$]^/[2>(P>=J+8'?3N&K"R*W0FLYX$,K'?!#*06G=)4JUUXL MW?,8P3FBF$&L8$L&0=JROFV6O8Q'1AR%$;`>46-E-"%7P0&2L[3&O#@!3_F1V3WN+8^9A`LHE:?;N5#OG_8?Q,`0Z M!!4'U9>?FLOLO<6,[$273A&1E0\0?>*!3`!A:&O.2,JFZ?+A<,)&L#<&V5+8W# M_)BTU=X"Z7WO:8'/B@(K3JN]+)4^W#**J4)-=D+>S1O((18LT="TF^;:@2/$ MO#9$-M,*T0[3Z4FU$'XV_!(*!5C/E"OF4,T+F\QC8:'CGY\O/US?\+^Y+>'E MH0$3&M2)A*$>N%Z5GER5Y?*,20\`'1/4-Q9&#D^4HMQF4V`;U$CX'Q!TDY%&UH8UIS]+1B4,) M,L_/1@G7PEERP%5.(S]!]ETW<4.0DV]-P>D(GT[LI0Y"\K$5_5[H!D=90&ZS M@FC[)>=.Q"=$<8T16,1#7H?&\<0?I6XR+/V1FMN)PSAO;"EOA)"),B>.-2%MD=N<1#6O,#,$UV^>%@2*/$>4KD\ M=$RP$?HN]-(G0/U"VN7>AYR[-(RPRHHHQC5FY"FG[W14OX!K'K`.W8@\(B,' M81R(JGQ^(,;AGU*_$@A*!]6/9!323O7R9WFX!_FHLN.=>V5(\].Y-2ULZ>1^ M12`Q0=D<7.3]0X3-,35SDTIZHFI?#LSD0"R^DIL[D0.Y^PRA;]GC,>Q+5O4H MJP%&KBT6@`(F+G?X4$1*`,NBS!!`)%P,*_9X030@H]#WZB#S[U:KQ<([">R M[<(./#JD/[`Q>A\3)YRNW=G?D2#.L=X35HQ+_+7]?!&SXZ.+#Y=WYWUTMRRZ MZ@4:4B+6CANG[1:GUK_9'AQN^5LO46MKI:EK$!B-TZ:1-]X3_\P4;*L%W*3& M#J*X`DE\,25H.=[?.GLTZ[+0V$+:KV M6&F5.^G+@+!:ZP!!(G\U((79$`:R3TF]SCE`K0;0]ZNHI7B>+&?=3+->X+M'-$:LTR:O M!]$\;5G%8A![U0ZQE!MIY835,S^LEUJXDGY6E$K4A2.F4*F#%S!#+0SK8H9\ M@WYJE3AFTSC8GSHEH1]$=4-A+Z-','\4D4^N4^+^S,9LGUK/&K-(-GK.N9;ZZ\7-W3^U_M6Y=O'W;Y=?OUQI'K1:]=XT:^69 M\F3O79.VRE?;L-5S3S=;+](<\ZTAMJN;W9XL%ZD8>2;PJEE67*L\DWI(!_CP',H=HPNZ^AB MXY#L&2FIW33U5K>^IHRL.#5>IL>T4D;F$/(U\/]-D0.8?!SX]P$+E?*QKX-2 M[YF-VBY22I2:NBF+.EWJ[:XIQS+?F';+JTWG(P9'\Q'R^1!"I?CNAP6..]CQ[45<1"7]H0X, ME^V.WGD9<;(4ETK5K;M:>(AK>D%5MX1E=EC9>GE4V_XK7<^6!PD?P.DH;R!' MR]`['4D\&8>&V-Y6/?Z4BTA5G'X3Z\I1)_^XATK:ZTR7SU)Z3@I2,7GID^^/ M'AW7A9N[_YZ<:-= M7MWUKSY=XD;U;V\O[FXK@Y!WEG.9;,Q^9]MU[E2NQO;'_NT'[3YV1I0F:&.Y MT!$G?E%WLW][IC7@W*%<04%Y86XK$@2@BD7IB/J1=I]^.12YXS!06NUSZ$\' MCB?*U%"N%I;FX`F)/-.0$LRIS)@3'8?O*#EQF!82]=@8T\&3LK.YX1#^I#A+ MKMPZIO.>4O(QE7:D.KR8#?R%@MG#B3,CZ"_R9<:_V)Y]SY-Z\<\;^(#E*]B] M*(DA*II2Q8Z8DI;S0(GH_&2EQS$B&&FYGT>K3P8`JN. MC!T8G)VXS@//3Q;[D12QP-)9(!C]ATIKRBW1A&Y$5X,),]OU80@6%6YHU7[J'<=\I1 M'V(F634DWFH$%T#*:J%O"Y3\`J._E'[2>I4!>W`8EBDKX#>MEU1*S_/DFQ1I M2.NE%5@JJ3"P'`PJQOALGIZ;YI<,5DRW_JG9:9YV%G.W*>>[59+5/9_P_SO# M@C+`F5.!'%[',HS8+)%5.8J)1%5\4&\F94A(JA2(''!B/L+9`A]E5"G(%@DZ M"N?W!L;3>1D0+,*BB_H;6`NL$L2DTK;'D)[MH!;%9C\F1T;2V``1[-I8M;RX M/+V2R%:6BR.&&#DC7A(;:\8[XR>JJQ>!-GS/J+R.D+&YE@\DB%WG#T:U86U/ MU%W'FH>],95WLB?P;';UM M;M,Z6>%4:IR^,67DLER:%&7)H<3K2$G\;3A.#4F(7_K9UL1IU]*[-2A'\7:C M=&H5"7J(:WI!Q;F$=PXDNG7M.XX#.#OE-4A;O8;>;M:WH).\F&T;7;W9D]_4 M?[OG:.VB0@]U73GJY!_W$.TJUV5_P'@O!\_/QZ@M">Y*3\JDH6^^BRP@@U4U M9#5/M33(,6F"(**YM@@@/*:HG?GXMWB@QG] M.;6#/S"^;44#S26^U_)I!8GRP!:D+Q7:HD);5&C+#L)"6F;]U]`^@#4T6SM= M0Q7?J/"<%3:2)#$GV/3LU0-*7A\-_:Q&2)X0?ORAT$%3X>F*O3ZU/%>@U/S& M[RP.86(6"`7/]]!Z.H1P`7G]:*;5TUNR9(T?%&:/3;.M=QLO4@9SE[6`Y,6H M:>GMMOPNW\.+[OJ:-(G/^KX?@%"64E!U6GJW4]\+(REQ>MQNZYV7B6,Y^*)L M/=WL2%+9^8TIQS1#70`"I.\MY(-P]2MGBIHOP][M=$`U-:NFXZ\&)4I MH5NI4(>07*365:]UY;B.?SSL9+!^5)G8I))F5-*,2IK9<&Z5-*.29E32S(%G M0:BD&5IW+FE&4WDR!=2H/!F5)W/XGA.5)[.O*8]-HZ.;+U-C\VUX^2Q+;W3E MOR@]O+!`E2?S8C2N\F3VD2=CZ-U&JVZ"6$I%,:L4J448DR$LWVG$29^E7ND!*7 M+Q/[KI1@E2BC$F6DG&U=F=O56U;M0CVE1&57[QDOXL5109Z'GW^AUE2/-;V@ M65DB#U2>3+V.B->XE>RU]+;*D]F+N6I:>O=E;AO>Q@VZ:M(GN0I5N[P+M:YZ MK2O'=?SC@>?)Y&-:82'K)<8X(>S+=!9C5.PL<*9VX+A/&K8<@C4%-N[7X3H-VUO2$V M20YC;"B51WP*#?L>:6,85'MB=B#Z#F$++7L<8=-(@#$$8DPZ6PUP;T0.5#B? M`;5$?U8)4"H!ZA#3E@XQ7<;S'P-[]ML1_W=QPQ9X6?!C@4<%1_::^,7MVA8-R]A1',\?R*^1O M["H[0Z(DINT\4UO>O+V,]PA/:N4\VJ?SJ*.;*J3]Y:BYY"*N=M0L)>]8AMX] MC$BTN@CFDO@31FGZ'@W=&SU2K2W^M%Q721R26R* MHN3=4++9/8APRWI(Y/:(2 M:R=DY'4SJ;@/"26-BATHB1U89[H??_CSG^+PY-ZV9^\_^?[HT7'=OC>Z3*_9 M^W3+?NZ$0]_1!]$5>\Q]&?@>?!SRPA:8B>0-4Z0==YSH4A_C^VIXSZ]_^4.=T8#,+0;?VI[O^BT M53J@TAG_6KC;S&]RB41^[@4P71]=7=]=:!;1P/^8+?/7V\M/5Y75)^WK]>?+L\N+V\HR6;-M@=IQ1,AU#.(FVWO-3O=9FXG=UQY! M\]5&+!P&S@!(UO&T*S]BV1@61@SX,)`=CQP,((!-)YV!H@G&CF=[0\=V8;GP M!5$-C#%TXQ$?#-^D.(:^Y\7PV`V;86*_[VD?_6":36,:)_][JMVA'JY-[`>F M#1CS-,\OP#^<`-%CS`H?=]72-@K6.*TN`;L=L66,IEV(B(RP3@1U^?G3+V&^ M*H.#E77_$SL!CRR9VG]@$$,0V;!%2QPS">SJC0F3:*`T0![LTL8#,[ MR&*6HG`M`J/]#D88&<,#C+Z=WIYF<'[J][\2-86L`@QG.K.'$8$1$%G"?/84 M-RA$6$3\$K[E.O;`<9W($:.,4L%(3Z(\%FH?^`PN>$+_WXNSE M.^M[]R<8R3:B/WUT'RQ&OOVJS9):4K/``4*U73A!>:V_7SDML(@%4X`C(?\1 M@_T(2'("V$R+[.\L`0H7P*M8CU"+B?E+..8C!8BM&C)@#\R+&4$\)>&'%0\"Y18#,@=/P*,/SBBA9N1R01KK#`6O MXUN/#'5H)%:@9I#"[@`1H,J`S9$(0IR?`\4O(GF,#+ M>%])8'YVSP M!Y`"B14`+.`BZ-$!44.0LPR-#AU/L';``1TG_*@`P3^,%I:>!P\P6D`DT%U` M4A(D9N$E6L`P.6'@IGHG7Z,#%?>6K8XNT)D[C1`(]H"P'W,)SL#NP M\T/1LV>S0+_.QUS M0"UF68ST(D814W.AT_CU\^.7S;)(Z;W,!_]KA_1^1J7SN.?DEAD*^8U`="ZB M>R_GU8[/C3D"PH4OB"]!*(A4\3&CZT2BQ2&G:-(Q;7<8N^EX`SJ:4A%73IE. M6!$@_O(M,LQ13\^,,%ZD;%K\H5I2IS^&T@\0I5REKC\'494[XDD_W25%6F M34)39.V\-EE(@09#H4%1@T34L*&LW#@`J,1ZW$,`(G<4+]CXJ[VR2RS.YRF6 MFVAKLHR^;C1M1[>:V]31>PLX:NN]K2J\O@4<=?2&L4UER[>`H_:6G4>V6,76 MQ\.SB^?M_W"X6N^>)KE@X84]\/:$+GO=I-H'>N35<;$>";<5CZ]`4'>;,O5O M`$&=UC8-K=X"@K:J(L6FAV,0NV##_]HQT:7?^S!GF",LR3BP# MQDK&`*!HQH7YCMZ=:F7?:S0'3RF+LNS"^SQ,3@K3J?8-4\C%[C_0-,6K?@B_E)Q_8P\H-0YPSK M4"V'*<[M.G]@@B$EFB++T.^+0&2%"!(P*&44I9Y(/`L"RKKG10HX[46/_DD8 ML5D>4XC)+'\T*2?!>1VV$PYCQGF7RT1M`A.D6,>\7X$KE!P!XA(D"V?P(G@\ M0=&)L@'Y]HJ5T+0<()_#E,OY1UD).)FG%`0Q1\"4*`<0(=0H`?G%'"$;(>,2 MEX#`,$QGFEM&$1UA0BN85`VOY@0PHOC>\3S"++5W693%9BNI97)A!P"V/1)$ MZ-#`4R>B9.#?&?\%D85@)U0NJE5<`WT4ATU&I66/,L(N93I:%V*9.,'6,&\U M0*DC"EDD4KZ\)L/,#QT<7D]+5L`\V4F@PZZ'$VU,"8J`H.0>,U>8HR82^F^Q MQXK($U(:Q&\J?!?Q"SM\]!56B?G8R3:<^=-9P";,"Y'D+JE.P%&YK&PMD96M MA!'"G*1+&(ER4WV/B?HHP\)THBP!UGUQJ!Z&+*(*(4-18Y]L41*J9R@I'5X2F3:3^&0YP)&%$\! M4&$RG@N;201:/95.R2>\%^CJ65R?L#H5G^$2@%<,>`XC\Z(=8@'V;.8Z='B6(TLSP58BT>H6"6S:9K MCRQ):\>4[:$SP]V-YN1)41K1A$J(5`F1+_;3!C*D"3+D(Y[I_Z`S_0N54.!< M>CRGA'4MX]U[K5_4U883A\&NB"(+2T9"RLWJR(&]D9ZSQ#F+=9OHC4OD&EZ$ M!O8QTUAOTA,]TT*/CRX_WMP>O5LBZII+1%T3%?H'9X1E.HB`G!!MDZ15G2#% MG,Z#904\6D291C2=6W-&1'G=@E>>")VIXX(M-6#1(]J$RY``RZ(/*:!#>(N, M)E[[9^#''`X2"NJ9C,(5I8E',*%2KOW'#% MQTFQ3Y7X.$*4<=&E8V46.&;T5.!Y[#%OO\;,>.4&:]C$PX@7#+I$ M87,7D'L1O2B#J/C`$AEF+9%A5DZ&C4:.$)?IR8EU902(O"@+$X7#`))'`1^< MJ?XHDRET#.8A%N;FD#D/O#(1KB!*5C#"%11>.-5NN5]QB!:3G@/`SL3%B)>\ M`9F+EG8""J\_-HA\WK+R.S(R\X8DR%**QYIU*&)X2:;BR\E5)'.:\7D$8I0*&2Y6<4.'(XJ*EJ,1GYI<0"/E5HP1Y MRB3:,B4NORG<<"UNBXTO"/T<3R/2C_PAB1Y1B.MO-HC#(*<8F'FP*@R_O\5N MV5MK6'U6U0BP=2-E$*Z438O'%*^)M$H\&2=6#\133M<"!-W&0&[4&:3 MF]<&_0J]"UD7V0]82@O+BX$R-Q!2+"P31CA+F3#"[S/;<0;2`2O@I28DDJ@P M%,CPHY*?#^4F"7*)V#96J%J85BI*RV.^<'R9*&V9*. MPW<7$,\61&+9 MI%Q2/TZA`E?]=TR,'>K2URC8+(#7,V&5<.M;^3RYWNJ(09"]1TD^I3 M6=W#?E+)E.'`RE4Y0:Z*;MG"^D3KRZ\\R:N5L75.W\OA0!>2:E'E M+#%AYP41%4U<7PPE("^3!&L!+-`J%,VGW+F9%9A>`#19I;/1(I\K;L5]<(Q7 M--6RT5"R<2>RD:-O;?%HM$$\7D[)2,6VWSGJZA-UE3L-0WWYQ;#6)9F[Y,4Y M=V-8>E>,<,$/G%)349F18_[F@RK:HV=FD3,R+0KVM*!5H6OK9-&UE2ODG6]= M$(&A&HZIB#%6_:6*XC$I;7,^,^ZGFOO26CH;OVC,Q"1J(J(@.9!D:+OX#VX= M"3Z=G@]9%+E)%(I'8AF$H+A`3G4[-*@=UTE]'<_S[:5ZL/!FXC%5XK`L/['* MC@='U$/E3SG>+!:KS\JD1VPX\9S_Q$EQ5-Q9#EANRA5B?'&N*T6I`:OG#/LF<"-YAMA#?:#`"]K5TK]-MUX M)V^!_NS?\TN:,@E/,Y6T`CM9N)`M].?`/)94WBFY@W M[\FG@RYL,1U9X$7WPE[L<8Y0N44.5Q#X)18ZVX>B$,`\.**\`!"EN,!*Y702 MK;G`/`5BQ9`0/@0&AJ8;T4\O+/":H!I5NH@T2/>M(EP@P2I'"P70>D])3(A0 M87@X&-)%>J&EIP9N=H^:W%`('<(7,;ZE;R==,NP(;ZZY;>E,TT8&"SQ(VY6+ M*!^D=#U.;_)O M4W=O99.Y]@$UF3.)K*G)W/7-I_[5Y?_K8\EZK7]UKGWHWU[>:MJB:PG?'^2-HU',T/#B"H7G>YP&V@+(,>ZM#Q]RGPXYF>?V!X2LQY M^?F3SB\O76:3=G[O^@/N='^@:TCTDF=]D:C/DQ@T1,P,N4%(+4KL)`3`&\5A M%#R=4O2Z""+AEP:/?B*-T1!@]X*/OQ1GN/C.!9-.LF`&UB.&1+F9OUN\B5$" M9#R`&8$&4!ZZ1+3#0D;Q4&@'>9#]1P]?!:AR@`/>*-`T;6"%`6/.%"PRNIX, MZ![E`?[$\+T<7F"6^\">AB2R'QEJWF$*0GY6&!YC!D=H("`FP-QS!`ZR_G'4 M,H0N/S@&>'S)XNK3:^Z)'S%X%E`]\D&Z.O%43*1STIOP^U::&@>?^%,FUF^' MH3\49DG6PDX7EJ)`3,!O8O(+&0!0Z0,T4/X%@`P#79X$ENO@R$'=90D=)A@O MT'+*9(6HK"*/_1*FNX:^A"#I.H8.C3`=@2/[+N`,^-6U$<6%47\)B5OOOE[B MISE^9`F4";VY6`,5DI?I2OKAQ%LX5^1IL(Y3.%_&)L!A!3FY,GG MSVSP#/B0)`OG3 MND[GP-U\J[_86[]?:9:^9W-7KB^H.`SD5(6Q,G-1,#N1=^>]!;Z-M=9+,^T&('IB`"7/H$- MT*!6'6'WR/DV4JZ;C#MY]XX31A)HDIT?&$)J:P!SY50&"672R'X M2C$765QP9D[42GWEX?7.5(2`Y)N6"I%"W":";_$:@MIUIJH,$Y(#5:?TE/Y* M>6.@&!6U-M0-<[F3Y$RW@<8F2!)?[``^I*Y>]!)@ZU.,K0D"/TA;+B^!+&TR M.M]8-+T5YJ-D&F:N\&"4-E$DUH,=T'!NX2Y>.05W*-M3=$S]EPB\+&0VQQS8 M9IBR33C7)MX6XOHP"><1`*%8+00FK16+*V1'%@Y#7L("`2/HE"%K)_(^^\2[ M.])-U'?LMRH.(`QD##`?U1=WP0]S8RY'$>$S=2D6LLD25?^%^7KWONGY\UJ$ M:E,_WHQJLTQ.V\N=/PD=ENXF1<[:Q"C4C97N*O)4DLNT*?;#!A7092)/AC9O MF`_4XF\G>?A#X25+3WOB&0H33UQQI]J'?((TR^ZWR,?DPA<>13_@!:9(+9V+ MFTBS/A^S7K_B3@?.57B/"@(4R9Y:`DY3?R#/U?XE7(J.E?RA8PXGV(4!=[H- MXVG,F_:5(2D_LA`C:;)H'J:\,XW.JS5"YM%9!=M%P?J$$E(9`G[6C%)97-Y` M>F"[1&WAA+%(.#`K\N*3&!HP%\E#7?&H&'DNA6NY3$O[-(O.H;]0[5<>$8E! MH,M;>^K()H`L!`@U!03OJ@S]`'[\QV[1/BSM4I)RD`3%> M>)SXXW&F6PEO]'*A7B;QX,EXF/AB0:VQ>?1G&DPHOYPJ.W!*SQA!,@L9PRL/ M-=X9-//]T[W],*5SY("Q"/)/J`?>T(7X%'9#&(.T2TB`>`)U9%*E4^8@[XI- MH5AAA&HK_2P((SOZ>`_80NM74C86R-ZD3]R*!'=99,< M1C\OR,CLYEFC22YCZL7+Q=R+:Y-4_@CF#GA*@>?G!L=VRS1Y>K\%7'$L6K2^ MRX8'2>^EO8_S(6O9M*?:7Q.Y^2CR(L5VT()6+=J)!+>GZAQ=0ZUC".3.LJ0R MR29XJPN+1CQ`D!9KJF?E)TO7: M5",!EC+?ED(&D,Q-8K>^-C:>*U"PPN_&38B6BZ5]5HA/\7Z6MWT^"'_9+?K+ M5M[2/%,Q**N7^LS35\VF9E.S'?ALVTG?9W7C>!W9>YZXU(4[.+*_8SB*N!EY M=P#2=LVZ_C^]_)1F3[?,;?H_*L263]EN;M-V5&%U*;EVV]MT!Y%&+M="*UXB MF;'#Y@%)9RF9JZ4WNYW:+E)*E%I=H[9+E!*A+;W3EH1&WXZ2O!!W;_K8*IPMS'UNZT7L1NZ.$+0X+E::I=SI*)Y9`$"N]^$4LP-;+"(ZW M@]/CAM[L;=-/4@GCE#S;NFETY5CEP>O$=SZFGV+%>E'.7;K^(17'P`K?7Z>J-KB36V5M2?Y5+^*5)O=O46[(8>M+/MJXD M-G6SJ53?G9`G6!&-@Q#$-5!];^93"970W0]5=RS=,I30W;6_H=U\$9P>O-!M M=_566Y)KS3>@_?:'(O.?C2I[PF(?!J4'[TUG0YG<4/)C%_Y*RZKM$J5$*!*G MT7U=B^+@M5_N^"VK'Z)D[IYBIZRFWFDH/7C7>G#+4N?8;NC3U"U3DK/L#2C" M7`*[CCUPW*R\IY+!ZBI.EMG459RZBBOK+4%_C9R'#"0LPL$\*N49KRR3L_CZ MMB6@W+F2"(N2D\^C"AO-8T05-GHN?\E54$<5-I)D#:JPT8*<.;`J->L4-OHG MEJ"]J"R9;O1J5XQ$53=ZT>I&FBIHE"%&%30J4(DJ:/3:!8UN\Z5?+^FRLFHO ME-]&S:9F4[/)YR2OP27E6;Y?R@'(5HFKPE@=O6FH>CN[G[)E2%+?X:"PBO3: M,U_DXE==5L*7GP(_Q+XP_MB)#D`02\E&5J>CMU2!G1U?3KZ0_#WXJTFD3J-S M$!*W!IKO[?*^@$K\[DE1LW3#4F4Q=JRF21)/)OULZQ.IV7J1T&BE]L*7%R(U M4!NPL1^P8L8V[[>,K>BBP'==%-'4L(^%2D7>$_FWF[HE2[U$Z6=;5T-NO\RI M=_`:O()\F4IBD,T>&SN1=DR]-D/']U3>X+YDA=76C=:+T/C! MBPNKJ5P].R;.EMXU7YH@A6NA%W^P0V>HI.I^-`KCM"V)9TWZV=95=HU30U7MW!%M2G(E#X`?H@''^D39TP3/+D0GS"GLT"_[LSA>_<)^VGQFD[FV#J MN*[C>]JQQ_AH,#;\\Y-U:BX\]$Y[M$,M8$,L'C'2X+,-?XWB880C1#[\,5?5 M67,\S8\#S1YBG5';>$XC6$^HV]@N[8W9%HX80"`3?`NR]XV#0K[P`7[,X83 M5#TJ1L;`:19BQN`NF6S:'XJ@Z8R3[7];).U>IO,TU[9 M-L$';<`65X[0:GW/BVU7)#IK,.A'/YAFHYC&R?^NM;<<+W^S8;3@*?<^3[0_ MU2X]VO=@1!O\Z$03K7][ECW8:0+^CL1=\AU&]1QIQT?SCQR]TPEW"]@,`<]I M@G*H/;*`9;0YS::%G?M%-MB4:T MC1AQ1?;K+;-#WP/I"71((P_2.78[X8[EU@U[8%Z,SE#M\O,GS4%),'9C!I0` M//]$J`_%VC3/CF+8/-S6P'Y@+N>G+QF><;\NO@\GMG?/M$$.BZ-Z# M96@L^14?_00;_F@_P<\'P1]\;?>62 MCOZ\'G]T/$"#8[MIOGAX[H1#UP^!SN[8]^B#"W+^+S_^H&E_3D:_8A$719_] M,.SG?/AW_E4ASO!2A!EJSNBW(]`D3+-[!-)A"(+;#7\[.FE@80%XYGMTP\:_ M'9VCS/U[XY]WYT=:[#G\RV^WYT=_,0W#R%;W[/EW!GYO%?A&*?@GC5W"_Y6R MF_#=%##+V`RO#BYX-']'T0P4PJ!N1D$EM%M-PL0+)FI M#!P$\V/@3X'$@9EBP-CUC!@+2/X#1<*F@['PB^/Y`1P."5*!%8JC7)`.\X5% M$Q]^>6#)<9DNT=ILB2VKUVN7+/%%H)\C?=_S9T+T\-<%DK-%-C9;Y(D%RS2* M9+YLLB),UUAS,XNI8Q!T7Y1',;5<1840!U-MR=KM4M\D;)+$4PSAGHZG!BD6:2 MSK_%P5*+^%(P`<:A>CP%'H$4Y(+7[U)4R`V7E(;%,$C:;1>*HGG#E MH=!8>2B4GU:-MF&M=RA\XAH-R*+^:.IX3A@%9-7-\TMCP\.A8W8:Q:-_Q8Q% M\&X9G:+P$A,.O%8!LN63S>$,,Y0Y0C,H-A2ZEF6VY]@G-WQQ M7JQ1<3W^Y/NC$&"\9<&#`Q;_+1CP&1@;BEC3Z+3F#O'EL\UM$>8/"@N(`O82 M4#:4L`VK9[6*PFUNBM5LLU*4`=O,S]N#>7>B1S56"K*2V=M&8_Y8D52':JRC M02_05ZO1F#^PI%6@FNM(W07MJ=G9RM,J$DBZW69GAUI<.)G:MPS94BMP0,J]EI]7:@ MOS57:K)ED[>;S=WJ;LU-9'^[U6EMK+>MJT(U-SD7+*L[QS.[UI^:&\ESBPOT MW2A/K4T$;KO7,!L[4YQ:ZTC9!57%-.?H9EVEZ34.[M8Z(KO,^=$%)5Z.LWN9 MKMG:Y`P`LZ39[:ZO:&[N=&RMHPHO&I/[=3BVUO$\+.`,CMOV3K3DUCKNA@5K MLM>UZJ$EM];Q9BQ@M]UUO.B+&E!W M]P[&]CH.DP6UM-.>I^]MU-+V.JZ1!;_(W,&^GEJZQM:L(Z-+W=*=CM'8B&8J M5.7V.HZ2!4)I63M1E=N;G`>-AMG;K:K1NAT0*JV=J(MR2C+XGR^L4_A!0K36@;\RLZ4WYR)[ MSLF_,6T\WS&>XK9K=-?"[5YIX_E7EAEM-^:\&5O0QL;X?Z:'*`.^8ZT%_%Z1 M_TPG4L:5O5[CU3'_S,,KPWRW_>HBL?O,8R\#WFKN3!XF&=A?64"/BP5G0!8. M16L].9@,=O07X[3=R.!<,EDU1'-(L_8(SR;X::R`I^Q.,@]/J[5;_#2WA:?] M+/PLLU:[Z]P]FIR68X+LP(7F^Q-9U_`;$*XW=6$LAP8 MR]@M9GK[`J:49%=X.7J;!LE8FS@Z=B0]@07E1V(_.["#`I)=_V&Z MI2UQN<0YW^T9K:)D66O6K0"MM"(N,<]C`4S`FMG<%DQ`,#[^%8L*CMCHP].W MD(TN/1'8[=WWAY'S0(W;RSS`&?SK*+;ELNTB86\%#5^8X[CW[_\!S(&+'F.?O,`9 MHMJ)^53?8/80T'<]_MV))IA=!4\1)V=+V3`&W6H97$QL",#"E="0L1%="?P. MM&E[<&:S8.B$&:A`\AN"VBP*M*K)EH-%Z[F>$4TECX\RV#84MXVYZ+*5,Q8! MO&$S^XEN3*['GWU`+0NFYVP097!M+(3Y_V60+9MJ+>G!C[.UI8=E;.J?-WFX MWFKIL29$<_0@,'#G]X<@3@-&+AH8FK+U'N9\VI:QH2?(M+J=N?"_M29>4`X" M!G+DG/%_+[V,.1$C&9@;ZMLGC<["!6CEC&N12GJ+L2ZIK!/J4QH,W.ZL12EK M`K0*^;1CZ5AG]LR);#>G+UG&IB=FL]6:5Q[7G7P5T.0MMQ92K(.P/AT',1@4E]8D*P*6P;IIE!3KT*OI>.OL:8%."JW@<;X7X4)\= M>^"X!77#,C<\^$Y,H]E=2!7:`)+Y:\3"#F'(1QQ@9F0&<.5I>+GD.L1JF*WY MY(DE,Y4XYG/@ED%4>0XN@\AL]XKDNGRF(D3Y`[(,FI562.FM57,^WJ5\FCE0 M,FC/YL%896.4(J73:LY=@2].L1P;"S!4'CY+8%B"@M+)%ZEY`83*$V0)"+`9 M:NS6I?BH-/N%(FW3*,E@N8_E`C5 MZE3394*U9MT2P&AP1<8M!!H`R!>?!^Z,5K[&%1!55%2<#81MZ;1:EL+X6@K)YV+85D` M91,YBP%Z<_*L?#HP)$#CCIZ^NK:'D8_H@9NA&9?7^JLS39<1B=&9VYRJN:+@.GT6C-8V7EE*4P M%EQD5G6ZZ5(UJ3'O=9\?-[B'*N%V@(PFXA8L].=2TRH MF*K\E+MA0^8\X!%4!M0F8M;JMMNMTK.N;*YYIUO>J;&V2]^J3D)==D"9P;A2A!N+VD:WT6TNLV!* MI]O>"[$Z$7=)SCJ9?!(X(5:GVBZIY-&93^G;A0]B<0PA7Q/94BKST\6LSJI= MLABSOL?=!L-M9P9LW-NNG=68G+-%O`AB423&O.V[P5 M..5GWXH\(6MU>N\2V!N=^D\5='\Z'3! M\EY(-D#W4R>>9F!M6'+![,X)O)535D&8WIN2X@-:>2;*UTU5))-N]V>'%1ME:::WF(RD(M@5<199LFL6X>!K`S2;96DFK9O7"G M4^Z>V(4D:VUX7]IIS]4KV:TD6YTQN^0:MST7Q_1,2?8LKTIU!FVI'FQ:1K,S MKUQN[5.ISJ4M!62W'I7J;-=2`'@LRR[]*=4)J:5`@'[3V8\WI3H1M1R8QKS/ M?C>^E.I,U%)0NJW=>%*J$U#+.<3L+'%=;.='J4X_+0>EUVWOTXM2G09:3B/- MYES5F/W[4*K31,NEBVF^F@>E.G>T?*.[1LMX.?])=1KI^OZ M@==H11U@!0A`J[QL/..2##6%@$U`N#D/+,N@IN!%8+$4ONJ,TR7PG9@-^'Z> M5YXS_SS[\,+J2/@B?:AR!75 M":E+_8K6G'=_<8:Y'1Z-'%2U;!<#QR\]$?9T1ETAZ:4,HLTG,#^S@B5/H#1O!%SC`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`%6W15A'T!A`G3L@;T%%GV5`70V`#0/@#GQPY>*AXHSTW M4,SDHW9#H&AXFU8K(>%I?XL!VUAM04=6_"4LVT)J'_K`>,<^/#N2+H^3/L.2*76B,*K94FP$>^4ZRH6L' M]%RRJ3@O4@@]2OTSF0VDFR=6HNUYD<8%P.")NI46)H4'>7=/0>6T2CCC:(BD M32)V041<94NUK*0=Z5U*C)H=10@-T*KM/<$J$P_/$CF;-J8Z@-68!.1QR4<7.-!B0H0H=_`5O^V1G@9;?VA8T<6SOS M`W04\]",Q4ZR2'KW`>,-,QFY1K!W*VPI_4Q-1ZGAI\=X"UOZ&LQ:+9PYW@DL M2QN##:E=]L].M+T!CW,"A:,0SU,8!R## MP8XXDI'2.?KU(R2X61P`9F'/:/8X7$9R=@3[T3)^!H[B3J^D82W\AZAE#[:# M)5.U*15,Q=;"0SSS>=_>,'8C/;\F`GIHQS!Q&`^0!R,'Z'V$E8Y$@]]%,H&U M1`(;*-P7EW2$_`:HGX9$L*D$$OR[**3V*^I)H(`=GJ`8[);[P)[62=9?4(=C M["'=C^_C,,H=X8G:MOP`R+0,6TC7($/&C".#.`_WUM=^LEJGBVJGCFS*8VV( M(D'V(8/J"<_G17B1_X6A.ZH0O;#41UEI\B6W,(S/&$`A&&0+.;]\%.VH>-MC]SXP!SX- MXML+;9(?(9=O]I1XD30=9XHXP`/6=?.8SK]%"QZ2<7R/DBJ>^>G$"!67?CJR MCNL,26*[[)Z:^Q(R>0E]G(Z+E[$M^.ANXH3IGHIE3OT1];?7@DC:)1=A2Y%\2(/*SR'E,$HC+0C@!8-E>-`DUOMY*B^K8(7P)?_QD]DX;BT/&XNQVPA*&))E=K;4+2P2F^ZEUVEV`<&;:*,Q$'')[^?\NWFM\J@++5,[U,EZ4WIP7Y>1#__;B7#N[_O+U MXNJV?W=Y?56G@_/F]AL7MO8C'(QA(NB!.Z9D;(-:%H'"E7!W0&XXX%HP5OQ$ M.J*:J4V>9BAJ01J"%&9IH)/F44U:'*O"+8*".M7V4\<,*8\$%PX(PPI5;FP[ M.??-XF`1/84''_Y^CR7"0%K`85.P^6G<5!<.$[6;!$/(HLBE[W5^]`BG/@HQ M,0L^]NWT]E1CHAP"'"X?X3O/]TZ*W^MTT!$886(2P;&))PQ?3ZI9EX-0@("T M3/]D0((_Q<(CN7NT>NE34EGY%HB/D1TPWE$N+!6<16PJ,`6::'E^`0SAN,@60DJ41IZ&;CF M@7TST+(Z`1N,:4!5CD`CI[-$"I&>R)?"7+QK0!TL?3BWWX(PQ6LD0N[1=Y#2 M*E<_DVT&"O2'7$>E9Y'@Q;O;;NZ[Q3TA]#@H4QVT&D%'SN]"#M\E>Y+'-JP? MMO^I'+FZ<.^03--<)]%OO-)Y)\(_=D>_3M.FDSA*KG'(A7]9!$GGB(0 MV#-A6!7=+G98SDB(5ACHGO=+H778A8XIR9.G\I^-U]Z"-6F1:FET=<[#B<=6 M>`_Q._R5^P%I\7W/PY/K$FC5H^6C%U4[)D\'/5K\Y>B=D`2I$V@LZ(X3!QZC MG"AGP@(2W#G+-0=*?&E!&IV0[-K\-\EIGAE*]'6!JT"2+CJ$\B>-GCJJ^*DF M&(IK[\`YOW"_5LBO3#CU,?)XPZA`TF0:P+)]ER5&I8U?HK#/#X5SEJ!,_,K1 MQM497(UPF`6H"A.O^)IUVEO;;B%8^6%--T)D-J'A)Q@C6[SMY3VA9:Z!RCG@ M!Y!]:*+CVF%".L8J5[R6Z9/>JY3=+V4VD0!-F$8NR]M%"]`X?"?K8.T"[WZQ MP:C+L2['#%$'AM;QP[*0RH;^$">*F.`V9`%TS7UWIMS%T>AT=<,P:(AFVZ#/ M7&/)Y*3[I*?R60AL-+:!_,9H6#XQ.PB)MA.F`2("@1MPLLV4#7$&XY?D?8T' MH`XX-EY(G&K78^'!)GI/@(7!YE98!+]EI-"WF_AQ'NZAZ\"1]D`ET3T!.`', MY7A1$2O3NKCK$]0/T'.X-Q6.Q.B1,4\S?A9PP0<_`5_P]X`AMF`BCY_SZ'_Q MM(L/EW?G?2U"%2;:CPMTQT1W5:EC!MPJ1]RE&L;SO3'I[G*W1*E,PT?@ET4O M37'#N3Z)('BHC3T;`GV%4CV_8`*X6^)'X0!WU@!XS;MY.YPC_9_,]FES<5X@ MQ-A+C811<1G<:^4Q.G61HZ?H'8^:@@"2^+RPQN;]"_3V]ET)T#,5#`Z;E MIB/Y8,,YP+NX@!2F-BXY:ZJXBH+CC1BS#ER1\_\FZHM0,)9038H?H9$6/-F9 M_QI'`WE.JN0L_0MFZ.7QT:4:R&6_`'#\.W1R:N!S``5/#`F`?3DC9 M22QU?ER*K"'41+(M7>":PAZ2W]P%PRG%F&+/.>3!%UPFA*S5":;O(39`` M1&O`(8=13!850IS@W.;HK@-/I"?%&NR02AC&TQP23UTH/.H9HXQ]U_4?<0/) MO(8S>9J:=>@50%/UB3O@5W%4\7!""MWLC$"[6L.KDA"^"=^]K]Z;D?.0[,[7 M_OGYY=6GDYO+3W^]>Z^1+SCY[O/%Q_FO/ES?W5U_$5]^Z=]\NKP2CUG&S[]J MOU^>W_WUO=;&S\DK=]=?DT&N;R_1F`L/[&@'/N/_4@T/Z4@3E9<]J2F7;0.(5:C.UQN'K,N9**`^,,:TU:(H4W]*RLC?P;V MSSTLU`<#Z'_.SBXN/G[,B\Y*C6NIQ$U-R8*!RN.<[B[^[]W)Y=7YQ15\=5(2 M^[3"XCRCT,^Q%MHN"Y>8E,_4'$O6\5SU;//9BNKSTKE_>ODI3=3-LVVPNK.IVPT)9$`VYUKCQ,G8G*?:K?,I6P=="?S\"6Z*>:^\0,X MY:3D*+-77U$L)T+;C=HN44J$MIN=VBY12H0V.P=QHM7"4ONT,C96'6S[H7)+ M;YO=VBY24I0V:FRX28G2CM[IJ.-MM_J"WK4D,80K#KA\[N-I"X^5I4?>-G`7 M0=P.!^N,M9G/N7*C%US0:DUJ38>ZINU4XAHX>2K#Y@]`%Y;7D6GIO493CG/Q MP/#:ZM77Y2,O7KMZMVDHO.[!Y&@W)#&,E7XL=!3KU((U:B,_'KBL#GJ*6I=: MEPSKRDD0_C&IN$1_C9R';$(,?Q95-^.521:+KTN12G172/P1Q93BZ=0.J.X) ME;C@]<:?M%%6`^Q9Z3SOEVCA*FM'9>T<8M9.QSB`-31WNH8J2E'9(B7:K"3Q MM[>\P`?!-"@77&\#$;^++/N3/"'\^$-?Y-Q_POSCXD_GF(S\$ M;`=/&7I*8G)JY_Q^V=G6]\^:RH^XC]2(4T.2^X3M1$@-;LT^\:I?2D3L*2*R M(4E$I/2SK1T$?6I9.2+-QVI8_,.\P M%(:/O"B8AK>@,Z:XE+K/1. M6IU?^_**F88D/XS@ M@^@416T=C(ZNV=J4)_S MO8QX;?,"+-0;K-C]B'IH4.*T-K'=<=).@_ID!ZX#3_!2VM3EC-HU#7DA?M[2 M*&M4P\)AX`RP2]D#[X7*VU`G[5#F>HYILS@2;8QA4W!J[EO%=L2:UA:RZ7E^MV@C#2_A/;0<0WU3+,!A^2N@:Y3[R?`?7/YH7G'W*E MT3-P:;5BCK1P.H*,W9T0-JQ/GZN]#OM#FR0:0HF]&C'>\907T4_:N3J\L[$= M#)R(MY76\[7V16GQ@"'!Y*$3C>M%>VF&5,A+M"/A1/8?+*7O=*_2%I\)??,U M"RI;.3H.7*@PGV>JM*M5;N"2,<12>*]74&M_%EM!9?1/M6\K$*VG_0JP=1M' MWLQ^XE%\MH?M'^8:)R("^"[JO%\8XAH9=8#/.!PS`<-"_)%H2,=;&YUJ_4+C MH2H*7:!/[5&T:*%FN7J1@/2%S>#$EI,I21LC3GZ)G)I.L0,YM4U(^QMB5^U[ M)^1]QF=P*#E#WAL=AX$7:3OTI&?"_`.B.S=N5G6?CGR9?.I3E*^57]H/).OD M\Q-HO?R/RN8B].PY&\[_3$+1G.NELZR[V=H'WXIG\LUCM^P"6VPI>\6B2^H` M\-D/PW[2%>K.YZVB\WUJ8338JA$0_.JQ MT84=8-.OL+8KJ17(0/SS\/:LGB4KN.8BN*;9;#1W!V_N(0JHK`#H$O$W#TZK M4]SK^?&VFJUD^:U.YQGS\4#;ZUR+X6S"RZN/I3/^ZRX@Q?F)!EU@2SXD[$.K M8[2[G5R_\/FYM@3%^%=N;4O!`"AZO;;9VA\K0"X8)-@;^'CKO/O.N"]0RS%M&DU4@W\1M;2%Q9-_-%Z MJG7U*<&1V+-:W0*TZTQ?`;!(Z5E]EJZC2I2,O/74QNXGWF:3]K$AQ0-L$T6G M6IE8,?YJ8"ZI=_5>X.!#[PJ$,F+9$0#/T?=VN!TEE)V04Q48:TN5!+Z3=7@J MF7G7(*ZCIC\?/L=Q[]]_B$/'8R$H$ZD7--5HH[.\<_6,%))+KT^]2*_'7-:# M6O+9L0>.ZT0.VU`),LU6CT3$'B#Z"WKOO@\"UWF/_PM__G]02P,$%`````@` M=7YD/QDSX9UB$```Y^D``!4`'`!I:6QG+3(P,3$P.3,P7V-A;"YX;6Q55`D` M`TY"M$Y.0K1.=7@+``$$)0X```0Y`0``[5U9<^,V$G[?JOT/6N=9(WMF-[LS M%6]*/F;*59[897N2O*5H$I*04(06)&5[?_T"/"0>`-@@*;&E[,-X;++1Z.,# MT&@<_.''UZ4_6A,>4A:\T"N/131`)!I$S)Z-??W$";W1Q>O;]Z6@\EJ5\ M&OSQ2?YX=D(R$K4%X:?7D)Z?+*)H]6DR>7EY>??RX1WC\\G[T].SR:]?;Q_= M!5DZ8QH(GH%+3D:"_E.8/+QEKA,EHA:*OSYS/V?P8;*I2TLA_QKG9&/Y:'SV M?OSA[-UKZ)UD(LK7@$IR\M<:?:;3V<>/'R?)VPVI8.1%&]HBWW],TI/$;"44L21'>S MQXBY?RR8[PD_7?\GIM&;D"9A'[VMR/E)2)?".&=GIQ\_ MG$K3?&=F..E;Z!N!PR7I*&C&I!_A+IUP\=EG+V$;H;:%^Q'FPO%EZWA<$!*U MD:=4OG?GU0%RZ?CN^]YAEW(MBN^*)[&?]!*WXN]2A>0U(H%'O+Q**75O+2J1 M(9?"9VZI9E]V7(R7=2UV`3,G?$[Z@3@AS(OJH*Y+^G]?M.\_$/S^Q+1;12!H+7&PRE#WNH@7AEVRY MXF1!@I"N2=H)?&:-*G$P#+_DK1Q$U#H6(;"7I'?]DQ+B0 M[/SDO0SP7D0MBRB-]@9KI5/O]SB,9&<:/K&IY]%4TGN'"IM=.BL:.?[CPN%$ MAEF>M)8P5:+^`Q'V#05J'D5735V2:OY`7#8/$BX_.WY<[>WV55V&C9U7=UB- M<\_6;]TR=R^GNEE^0-,L$VO=A&%,O&*_DDB?O+M+9`^O7PEW:;@-I8I119OR MQ?#"JOQAM82N]FD-[185J['Z]X/`Z@,)(T[=B'@)U?3%X>G@*`;9&:&1".Y# M"^C:L`,@&<3N>(#=PGH[P3E,#C7L_X$&]I!!2H2`U[,9<://PJ')B'51';%: M!$@67"WB(`C7PVH+N['E3J,:D#CJEO$]FI9Q169$S)U*4D^YF#C-DZS-+S1: MW`0>75,O=OPBT?6K_+4Z9^B+7>:_SNP.JQ'T;+W6Z.\NAQKV_RS"?CPH[L48 MEF80DJS`VJ$"P#YY8D*;)0N*QA*-FKH5F+KN M[U]XNC]-R)]$,2%\+:0=!_-LS\@!I\$Z9'D`#"#F0IGG:8D._^WZ7;!_5_V>XMC/< M/1KIGK,9C:24%?WK+S+5"B^&:\IMO<,,BI5:K64%LL46&6,/@[:ZR=SM)0LB M&L2B;[I;R:VZ,J:[(#/<TF3\XK";_2@'$Q-4QV[HJ1;QIX92[IS#&=`=X$ M:Y*ECRNX&J#FS+_[K'FXEJ&`-QO2ZJ56M15.-IB]"H6N"69:!O.M`M4M@GJ* M?$N?@F(XZ`T!,@8Q4PF#>Y0RV;BGD@X=&+]P(5?:.BL@5+S)K%I\,QSH3-YG M)O%+H%!PDOM`,V'>?O6$:/MBL'*0KMG$#!\`TC.0OI!VZBUI M0,-(ZK0F:A0`J?-QN($:+1[LU`2-UTT<&Q)G0^S,6S(>T?\F>LF46>0$<_KL MDVD8DMKD&4:<[Z,S$Z.%A962$%0T,51M4AX6%%=DQ8E+57LN5:\VF\4*K]"Z MUZ``Q)GEXJJ-M@/OJV(!*TNN[N,;Z?),LI;N3S?1AYILR.F^049T*W];T5-) MHR$2_$K*F> M^&V@*BVJU:EP+H`U:=.X6*5@@*_]E]>NHXC3YSA*EZ\%3%T1`@DC^@E0E0-^ MZ_+*S0^0\@>YD:"KF;KN-VA1/V`O&I)M1-N;CP9L15((T0NLJ=#CXNU;2.39 M-\4,HMY^;$MN6PZXY)#=BTK(S7Q]ZD9T32-*PO:VLF1F-A^4V:"]D#5B6,_& MJW9'4(&RKJB3(-BW2QWN+KD^\&&S::Y#?=4]=.A0\"=,U?>'H/99_>ZH:JH; M^Q;]LOR?:>`$KE!2KH'+U>\K&KHLKF^UM"VF!*.AV/'!$FRCG0+4)`7VNZ`. M>N6J/UA!%[FZ0Z=<$_;KE\I`OR+/48[M>TZ6-%X:NS`#O;+O4M$?`[ILK;+3 MWDI9/?;[D$#7&X%NV$%W^5!_,+._8:@[M@[]&B%8;AU(7;D$"%^NO<\!T\8B MO8^A#94#;O,9%'W7KRX)0R%X)K'^0BZ%52K8[(57YJ=NO(X!UWU:LV?4=Q0- M_14OU5/5-\'43:=1#\0E="V72NIKGN`BVP70YB+'@.06MND9L#`)-+GD4\S` M%''SRJ%>/@YEPX^8^2=["Y3YQ6Y,M.`%,3E..+>PW\X!#I-)`_DSS)#/F^Z] M\R;;K=RR[[H\)MXM=9ZIKXI,NC%I[*^-3(X3\BWLM[<^W2R3!O)X''Y=FWS\R4[5-@)60Z^%:97^ M.,%IMLK.(5FK7@-$/*L%=1V2L&=CA>P>\OK9=_N"6FAJ"QXG1H%VVCE8]7)H M4-O+$;#ZAP3ED]\NXI`&)!3B+Y]ID(B=:C(G021^"X7:J3:7"WE'N.C^ES*& MN9NE$;J(8?11[6Z89W[JF?DQ8'ZG]NZY7?0M:]98/N*9&&ILE)ZAZFDSJ24S M\V92*#-T3:7E9M)VQMO!9E*P(-AW<]4'N^U%LE+QQEA&3:Z-8"KDZ(!IBS!E MW&*T"02-0"G4T4JU=L!^YF&[73$9S;_MDUXJF\1;PB9>+-57;VFU*Y1OA(85 M.@94MK)/S]B$RF!W$@@#0H4.OQ.W&915.AT.-W1'"3V-%7:-MFVU@(VJR`#6 ML*$?3*\#'/YM_7T`KX>=_5T`"-W"B*HDAT&%52U9Y#9MP6#8T!@9[OUC,LV\@#.7PT[2L,WGRLLU?K$ M@H&7]8D%%:]C@'^?UNRY)704#?L9LCR9\9EQ$7_'W%T(M>YFA2N@-"FIY@*5 MG)2AP#%`V-HN?4<2@/K1)^"O9S/BBL%%-+ID;\&#$Y&[0%IF&B3+7/(6W+7C M2T4!B:F^V.7]=%=VZ'#>V"_W:\`NZ:GNHEA%TT/>0W?A^*+5D\<%(=%@5]&I M+QA27B2D6EG8NZ27,>?"]TJ!*^]*?DE?&(>JQ`T":#R4F4H08L5#-#`@S M(W3Y\?PXBIC.IZIHG0^@K-R4HJ)$Z'JX8F;/&_F@NP,LES:YW<[L<15)Q=4E M$L0^-J@"KOWG4!^`$L&EBN9U*P?MH20;E>O M]:1#8Z&R"@W529,$,'-`%XO++^F^4-^O^+;Z./_D:/X8D\\TLFK\LZ5&%QE7 M][`*Q%R_NGXLUW!H'0]T,74AKM,ZW$A3_,A>C0:3 M>R%::+RJ*8HN_BT;7B0+Q+MI5+\`IW5\T"5TKIK9FCZ2GR29J"`JN;F[4!.%C)!%\2 MJ2"E-B5H)E(X&$524#<3ARACG(UK&*"+WI/1I2"\.>5K)"P.V&I"='X&*V7R MM8D)NAB^,JUL7-+1TJEGYYB=#57)Y&L##W31>&'E"=+`H>3U9;P#:>R6"D)@ MH&>%+C!_(LL5XPY_2W/^#\03#Z1RJA,/,.+,4`W$*'#0N)1BI;'UZDH3=W1A M0>-*8>/:8.-J(%8D-&IF[7T51W2!P3W/^K1$6E6G8*#8;I6M40SG=+.;F[4I M^5GM6243=&LQ4\^CZ1'E>X?*\]#I9RCT%S+`"^19FN8"6'%@K2L`%A">Z,+% M)WD)>,S?M.U?3Y`'`G4"K%YOU`7@914/?/<#/Y#(H0'QKAT>T&`>3ETW7L;) MFH*(8JE;^Z@WO,#F@&MC`:PPL-85``L(3W2S@X*023I#7D+$R8($(5V3].MO MMRQ,K^D2DYYZ,K]-Z6V*WZHT5C!ULP)D6+&M`-TB06$$5-[.H'F=7\10?8T5 M"0UZ`%Q=YV">(@YYM\QC)!`ICP3=S>K*7(IZWP]VXXRBA>2M0_R5GI2X9SR! M3!1Q^AQ'<@O&$Y.I'!9$0C\ATSS?H5&'ZRZX;]'>*_=AEQ@4VGQF7.`X2->] MW+OM]!ZO21]F0NIEPUXW"6CIS$DT;[F0OY(]G)R3BR?\`4$L#!!0````(`'5^ M9#^<8'GKK1@```&6`0`5`!P`:6EL9RTR,#$Q,#DS,%]D968N>&UL550)``-. M0K1.3D*T3G5X"P`!!"4.```$.0$``.U=6W/ND MQK*\I2K94DGR.F];%(G1<)=#3D!2&N77'X"7&5YP:9#@L#F9AVSD8:/1EP^W M!M#XY9_K97#T3&CL1^''X_,W9\=')'0CSP^?/AY_OS^9W5]<71W_\Q__^S^_ M_.7DY.A7$A+J),0[>GP]^I+^X2=Q>G05)HQ!XCR1HW_]<$+OZ-/9^=_/CDY. M>*G`#__\P/_SZ,3DB-46QA_6L?_Q>)$DJP^GIR\O+V]>WKV)Z-/IV[.S\]-_ M?;V^=Q=DZ9SX(>,9NN3XB-%_B+,?KR/723)1*\77CS0H&;P[W=0EI>#_.BG) M3OA/)^=O3]Z=OUG'WG$A(O\,J*0D7[?H"YW.W[]_?YI]W9`R1EZRH:WR_>DT M_WC,#'=TE)N.1@&Y(_,C_O_?[ZYJ=?C<\,].$!`_3BEYHE&Z>N-&RU-.?'J? M,$\]/EOU,_>6729.R3UQ7Y>!S[RU5`RM\6E,P_'OM^ M\,2,XBU+:P'6$^ M.0%O'?<+0I(N\M3*VQ?IUJ',`0N2^*X3])6OSJPJK$/=4M[BSZK(F\;%Y#[U M_.5I07.Z8()0-WTD)^Q7$O+>3R^CI#LW_6ZB'KA(0>\=Q"HJE)[6-3B_QC78,M*&:TK@L#9&#VX0Q<3[>)S0E&Q_C!B2#LD$A0#<0,9==]'9@H*09)Q MK`%$S*F*E]%9>ES"< MMK=_?XO)W_7IE`V'M_2SZ/*WH[J<2;6,PFQ>]+4VPR_<+?U>&*+]?5`GB]8B MN8/5#372:U)UJ9`9=Z6`"8J6._.\3'0GN'5\[RJ\<%9^X@1"EX)H"Z.H:;&Z MVD1#D-LU#%&TY`=*'+;Z>96W905%80P1!58GZ[4!N5;(IG#HNU$=>D<2)B/Q M+AT:^N%3+/2IFJ@PA(0(JV=!.H&<*^-4^/=OX_;9KILNTX#O:]PD"T*Y_)0L M^"SFF>019''_;5JN[,O!Y;`"HZOFL#X>SKR`ST]CS]Q`<($::7IPL.I^O;O_ M/JJ[F4A\I"*?2?[_5V$[F'D7!<&7B+XXU&N`P+!T:[UC6OM(D%$']/H:01_S M,W82BIGC3J%E%5CC=K??2'(S?W#6[%]!RL\NW$8T`WF24/\Q37B@[R'Z%H4\ MHLN@RV1ZRDXMD#B9/<8)==Q$WUG;K$7>U5NI9:16WQ6!XB%D`'M7.PY#825# MDQTA480N9),M9@#B/X47*:4D=%\?J!/&3&JN9.AE_PJR0SF_,EA<1W$\HW[, MM/R<4FX.0OW(*ZW4:&0[K+$`P"YJ'*GQ#=V"HC'\56VP`RG(&_9.%$,QQ;!L MQ&%'S6%'RSUNJ,/Z84>-TKH2*(*)3(5';$!>ZLJ%13$$^.;'O-AI8 MQ]*%XTQ+[V\#Z6?''34`8R%13"-GWA]IG/`5>?P02?9K[A<.)?P`M:9I5]5M]N$&KFYZ2[<=>Z#G M&FYX:5',\S([7,5Q2KSJ;#03,?MVL^(BQY=K0ET_)LU@DG'Y5I#.7(+I0;^_ ME7JBN8.;4N&L#,:BT#R[=?0 MU,F&`XY4,(B@."N"#.G#XGQ\N^9=GSW#FO.#C(&8NQ!K"-.-D!V,"ATP(:RU MXZ=1)X,_A/+@K"_G<^(F7YB;,PT_-1>L'2(E!EP-`B(0KM,;88>QYP["&R"A M4!RM^TSFA-*Z:#-*G?`I._+SPT\65Z'G/_M>Z@15HLLU_[,9*[3%KG!5;W;3 MP[QE"_8$>W]I4)PHE*?GJ$YFQ/D[*K,343Z.*6%+JZ6-%4B#?^'_G\?WOV3J M,W/SH#-?]1NL'43%`&N$6K&)(LC<(@.N;.NU;M#6=6^@G2:%__+['0FXK#?S MRL[@57@9,UN_?%_Q[BX/%]W,?SB\>TR:4.K.8'.QQ9C!].#5VTH]@=:E_@WD MSNQ"SF"Y]IVI;"\,(N+6)]XGE&YZV+1MP=U%^\3PV."VZTI\"K@=%+4#6$D8 M2.EN)F-V'6)QF)JW+;081N(`%NT8B!-Q-HW#:9I_UV%KJ)59KDFS1]2NU\3% MQ.,6I+Z)#E!=;&)]U2=SX2;TN\^0LP.X\1?'>5\"-TTW#I`!!U<+-<:!;C`! M&:@U?@`DT`X4VG8Z:C/-1+Q)$YZDF)_Q;8).]KV$5.O[!+MTC8Y]>^XV^\+U M[_'D=]E&>;(X=)Q$[MH>>7TX:QKMD_ M=YU-M\AR/GI:TNM#!MU#!MUI9-"]=TGHL/FE*G.NB*;IZAH-]DRY"H6`&7+K M''#,Q`N1OH?QBKC^W&=K"5&^5"U=Z5HI'8(LN4(/1G#EA&ZN,LV\+6>V'QYO MQ]W&]KDR4ZZQTV$)D\S=/GIV)#;+V8@O2=PCH1(ETA)RPYHP"Z04*#&6V(C3 M=W$G!^^RVW("OOOQ3,*47Q%O=E;BKV4'U?@ZWL)?:?E(IT=C+2]BEG5%328H MQAV^4+R9_QI%7CP+O>(6<'P?!E/(",5%ERS-YKR;Y]=Y<,$D>5AW9)D0F(1NI51BZ+`(K6FT4L$KR6*F, M.8IP5"F.>(4C^;KQ?/WKA!RN4JNKGQL\442=U/(;=79&G=QTL&"D=#=HZ*I` M$?*"@@1JJCV`QK"HT`-BW%C8=N+/,WQ<1"$3-&6R%BN#*(P_D7E$BW3%#\Z: MQ%_],*)^\KK)0QQZ=2[YV7M+:':=0!*NDI&U`GQ2?G@A`M8-B`6Y24N7C[OUV-/EW1P^HGZBEVJ4-!+- M1GUU1NL-`9!UC\/(>(I`C.D-EZ9LG_T@35JWSC14$B>75!-RLUBQKH[><$,1 M9OQ!_*<%$V?VS!9@3^1;RDUV,V]=OI7T8:;%6UV^M@`.?^8N*SN5 M<4]A[!AJ=H&&T$ZB8;=364,+C3I,=T:!00/5#>NF,I@T6DS3`(G,Q0"F2X'1 ML;0:C-+2^P-'H($&`J2\=A33EOP1';`R>K_P;AO0*%TZ\^!)$ M+_$AK<(AK<(AK<(AK<(AK<(AK<)^IU78)A3:#'Z2I3B$M-FD1:0H+]L;*&?0 MQPN989E2<]%N:?3LL_G2I]?O;,2Y"C?7"&9NXC\S)4DL.JXA08A=IML)N`VF M8Z-.A:MH(-,)D2H0I)BX6Q%`G%/O<$3#%#B6`0$]T6&GVN8!$(R@J#V:QA]T M#UT_(+7U*UNVPFPAZ0^'K$+T$I^M*O8&\CMPP#"-9QC!Q>Z]Q""0>Z*HQP;:C)_\4.'&2-\XDEK>+J:SW[L1FG[(+QI,2%0%<7^*R`+ M-MONP:L2#6/?.MT,"$-##I@^82A8U:L70V?<`ZQUX'\FCTF)]5M*EGZZ5'9] M"GIAGR>BWU/DF1IJ][V<4"8Q1L>]\09Z`!WT_C:NY\F'AJ#QD^1#X4XFB!AL M.%XEAUWL`E(WWA1'=M%K^$'8Q$B[&9X)R\NU2YB^SKJ0DM^.%+R'3$HFS2-;H?'*\OC: M$S,'^RMF^N8QMHN%PWZ\"MF$)^4[(7D,@BWDKGWGT0]$+6(8YH4'+3/?TS8S MJ`MVT8AL*X`BK]M5ZU6NC14NG)6?.($\D[MAP>T]>&C!O=G!Z&RL8?8E3,3! M&-9HRS]S\P@>:^[$?Q8<4S0I(@6JH`B:9_RT@!+"4&L$]0M^LDK%(!-5AG'? MH"WY+24KQ_?*A4695RCTLL1#PDVN?DRD$`0QF3@H.QC*)DQAU6/<*9`WN5OG ME;2R<2!V\%00_2OZNHG,Z!SR2NYI`JM(&A5EU1! M5%)R^K@$F<0R&&5U8MR%:"M0]O_%6T9:W$GHI6AKTD\<8VKU;2*K51/&C0:! MDGSVT-2T_9B8>4'YNEI6<.)0`QK$)N;D56+<2^@7*;!Z'<#J-8#]"0A9->HP M0:*^(F(J["?&X MTMJ)AYA<.MUHD./JJ[M"2C@!41H&T!L;"B.>DC2%P!A)94N^8A]NYOX[]2G) MYE','%[*-1=?#S`K5%[U@A7:&U!V,M(PT(2*@K&/;,G.Q/Z#N'I,-NED,-S0 M[2_R)*;8$=BVM6,,;/93W.I$T^H$M2MT(K`A`!VJH1`02XF6/.F7Y(6\R^>++-:&N'[<2T(/IMZE<-/1[@SI3TPP#/X`4&+NXJM@_ M'$J=,"DE%J0-TI(*T-_)919<=:&JCJSJ`P;0<&>X/`WL8;!I==Q,*XZ(9?`Q,8J8%S M*[R,[QB*>.T-^FV:=)B&T%/""9V5`1K'ZL+?ZH)_?YJ%5:,.TR[ZBKB3"[9W M).`[QSPU2'F`LML4IS^C302A,Z.]0;@NGAC5/Y^-^Z9S&:C^$M$[ MLDJIN\CTJSQM(=EZT!=H[#TH"NP-?(V-,]#*$2`&B@,'7-]9F!W9X6^?/SL! M%WO&[$#I*U/O-R=HW34P*E.8&58&^69`%\5-8OU`_HU^;$7][%'[C\?G2.:P M]^EJE3\HX@2EHE?A/*++K*7(7@(P*U4FV0*60@ZM;LJ;@`MI=0P.LLK+745:"<7^G?)J="RZZ MM"3\NCDJ7/\Z$AZ@SHUT^E3]KF&:']UM,,/IW\H]3;&+903;`^%-@BDX6J.5 ML:_;_#">>[V)>MMB5\>"^[)!//BR;RV16 MTK]JS,>VNH=HN\=CIPC`[D:P<)1*":O*!MEX#XA^<@(G=,G]@K#^>_0WW:X/ M;X@>WA`]O"%Z>$/T\(:H\5!Y>$.TRQNB10#>"6ZCV%=%$`%%?G\K:^2J>L:> M/ZG[>Q-UC=X951@>Q;)Q((ST1\@NWU3)D_E*W@H4?BQ?2ZE_'!OC$(=$&I4D MRP$IX^R=D@9#%+W?85]N*76UA9VX.F>#O3<4X*BG6C"%2? M^FH0&?-&,8JV\R#S2$E**5_$-<83`&DYNJA(T:'"0#$U!-2,4-Q)*8]./3CK M7'ZINP&4C<>&1)3HG`U72^UK)1\4<>E2PNQI2;6/120-Y]9(T'I5H0C,G74& M*&Y*%#G`1:=?19\VU\0JG]#Y2R&XVD_U@BA./!4B"7.SBYN=08FZ-Y4EL#K9 M0$V0[]7\>AY9LKDNETRC%/HC=VAWUXF=-.YS0[RA5UVOY(U3O;XJ) M&CN;#2($_E=L;"HUDGE;L*_9Y(/"MXTGV-0;76*BQM*C0833MR"-`+Z5\4$Q M?&VO*RK:K9JH=>]S`NT6I!'`MS(^*$XB7"Y70?1*R!T)V-2K^BZLV,U@^O+B MGI8>I_--]03@`,`2Q8F%;*6\B7>Q__FR330`937,(*'$"0"X;@#7*YFA.-[0 M?A=:.CU3TVUG:!(ZG.Z&Z@6;I\E8H3@I44T=+G:R@J)L-&25B=3HD)-816,UK]V2E=*)0R+HO0W5RSPP M(O(UCL#7@[.&-'$H>7L??DK-W5!+`QS(.>(XDE$13CX1D\_`D/I3+KO9G`O+ MZ8D'LEQ%U*&O^?;)'?'8#UP)T6T]&'%A#PTQ`O="=ZB,U.ZZ6:6K!$7\F^<, M]I,LFS"_4)@E*WHBH=MNXP#*\M:O@G)"(($KW!4ARAI0A-#!^_D&AR+PG0?I M@HZ.IT!,X`$X^S%N--T".KIB8[>WK_+Y62:<:!154&QO5[4H1CO\!(&W7J7Z MV285CH6\4.SLSSS/SS.5\ORE5^&%L_)Y2F/IZPCP`N5>@;X`:AP8*PR'!80U MBF[N@1(G3NFKM/W+"U"L&]+&*%8FIS1Q)F).)=.C1DTZYXYKKI M,LVVK]F"W'?]YB`&+[!)9J(M@!H%Q@K#40%AC67ON!0LB\WR5]\H6?`\>\\D MSW]]'<7YFT`/SKJ]H]RE]':?V:@T:C#U,X7!J&):#XI]Z[9.VAFT=N:,&P]: MA>`N%[%"L8%=FINK6UA3*>8\G<28/$BF=AUX,-?3MRBG1"^?RK'N'_6IM(EGVSGK+L MG1648[VQ)F^ED8EJ58>W>69]M(H7BN9\>#GA\'+"X>4$0.0X"*(7ON;[$M'/ M4?J8S-.@G;Y9T*4`ST(B&OXC@%(:1.J$!'03AA9`A5M86*DCF* MPS(B`6_2)$Z8*]\%.J!:L.VN:Z8G`,HV7*8Z,8$KVQ,>TBG)N$=I6A(*YR,:*AD&UL M550)``-.0K1.3D*T3G5X"P`!!"4.```$.0$``.U];7/CN+'N]UMU_P/NGE3M M;)6],Y/)R]GD1+;3 M[>GT]FP^_^;_3O[W__J/_W-Z"C[`",9!"M?@[AE<'/X1ILD!S*,4"TB#>PC^ MZ^<@6H/W;][^X0TX/25K![@+3L,(RXQ6\!N`Z?^4T(>7:!6DM*LU M]J>[>%L(>/>Z;(M+0?XZ+1?):H9&"_*E#G_^F MMS_\\,-K^K8DQ8+6:4E;E_O[U]G+;_"'`R#[=#':PANX`>2_GV[FW#[]\)I0 MO([@/5'/97`'M[A%*B)]WL._?).$N_T6%L\>8KAAR]K&<4,4^4`_D`_T]@_D M`_U;LX77M:YNR:-+_*]&N_`IA=$:KHN6B6S!EZ5-T^]%)9>RT:HA=4N`@.+F MSPG#[3WN[MNW;WYX]X9VECSY^VV*5O^<)\D!KL\/,4;V-8Q#M/XIV![PITW2 M.%SA'T2I/D5A>@73Q>8"Q1L8IH<8)D4;].?]Y1M+TM(P)=_!6-KKYFP^/=W6 MO<8F1CM[:$>6(5='SI^`H5"B1DN]=CGF1D!A>'J6-O?MF0KA)[$W, M985V.Q3E8]5AC_\)GV"\"I/:>(CV9%C_:DX^B!]X,J<4%]3$/L@9:E2 M)W0LMC5PT.R'8?M(\#(%?7OL87XN5?C?$_30]PDY^F$ MR#@$AI2Q&RS/IV?@+[*5#[G.H4^BV.5# MF`#,2;J*1\X]_F:0*@:/I[&9872'9L=CJQM;X86R+]U:M`)4_CS0O96\:PP1 M&5\>3F)+R%@!X06SFB7\_`4/#[R0T3'D#<+"LR!YN`["/#Y=/L`L1)W>X>`T M6*4MFU&DSC^.E-K(LF==8`>5U:Z$&($/F:F]:L;Z-KR&(MYQV,LEL-/[ZR&A*,UNUD7=G-<<:D?AB/=\OG" M3,=R_.J?[=`MHL;>Z3YXWM$_=L$:9O%IS+`NSJCTZN;VT[?)=WPK._%W<]6M MY%]%&["51"ET]4*'2(2A5^C;;@*(6[]<^UAC"+\SQ7=VT_. MPV2U1EJ.;_Z`*X7E_.S^>S6<1KE`%A&`X*HE5IIKX%:EN5+ M-$)KIPV.SP+I&81*'*A802$0SVX_-YXW9()**/B%B`54KN,]SV.Q7.X)A:^V MJ_H%;1]A.$(;SA?"\>L06^&Z,L@-BK.*%C4+#RI+WA<6GA>^B.$>Q?0-$94^ M?P_FF'Z;(!!&J^V!3APB[`SJ(AJ=.\%B@A1/3))5'-[!;!)#.'8P?4!K_#[8 M$4Y`ZA'!S0:NL`/!DYI-&`71*@RV(,&JR=)(L6H@"/$?KE?;C\:7\(Y8')LO M,9C7O(<1W(3I-3:Z6E.[!(([=$AI M3)7%9]\F9`T8QTEK@`&1XI#KD-'AZ*I<'%ZAW1Y&229A3UIW'$_9!BAO#G4D M$+5TPF5(:.+Y14X"*(V?CX!]^@1QE%^@/[^L,WX3P`D=8BSX#U?I2WE1=4T`$7WB&8LERV?T%D` MH0]W>^)8>=P$'^0%!G>"MN&:YDYC%1^V*5T8KD0ZSWH>TL3XIP*.U\@L32W& M,ZYWY#!+82T5J9_SC8'QR,VV'P6/!G'4>>ZMI]%Z1CW,O%K"X$Q%=%CRSZ'& M8F1E.KTRLS#%EOCVI21@4E#1H2&C`S5"M^:DA0'41T=-0U+AK,RH%]Q4C*A^ MX<@F2.[H-SLDI_=!L']-C.LUQ`-Q\82:V^F;M_F]*/^6/_[[;;%MNMC0+$*2 M-XBC]=F_#KBK'*/3XBE+]BKQ&!8UU.B7:7E0M:9$10E5)$S.\`1E<3D_GRYG MY^!VB?_S<7:U!(L+_,?B[*\_+B[/9S>WWX+9?WZ:+__FNGB@#BY0+[6UBP`J ML-8K_?4!H0-C7`9WVS;&V2_;YI6_M&-'C98L&4PA4\$R,M))^3<.X<@3UQEB M;#UTX;GN>[/R7[SV#,M],<0*"GQUJ"?UPHR.RW9Q M-8*D'[%5F*M-5BO%)57K>!"=KMXKIW`+?#7=(BT5-`U"R%(9AQYPQC.4&Y@& M).EK%L01*5S#M!`Q45ENA$UD>,1;U+)IF1".;-&!;";+I'@.BA>N3SX+]874 MOF[[O#*+MGX664G](PX!J]5A=Z`7;RS2!QB3^"F&#S!*PDA[+"@4>% M?N8E\/HL'^]\SJQJ+)K.6\$4?(1^N.\.3E,RUOU[Q"TE_IK!';6]SLM MVJB!PA*NL)Q?D5=K^)ZLU'<5TUV>YRFOO29?TC$6XH?3K[W+/`V5FUVX66Y# MDN>`OO!E5T9+U_S;+8VT/9YSPCXR)K6PSF'VWWG4W MW/FWTN8VLHF>?34S%_U&^;:D*VM2,(!7!ZSO5ML4?Z"^$$.:MC4^R+ M*F2HZJ8):PJI[-MK6%N=/#I$-QE&-/#]90&:-RHY@_28P7:[7YU@FT=0!MM= M`O,+HIDMFH9B#+F2JYN;Y!/F4#!-LU/L13[5=1![$(ESM8;DWYEQW7&#KG6! M\;#*U_3`*`VVHKF6(0;H62K21E83NL0"],!M]E.Z\,)YAVK7.@B4%0+&,X4X M'5+YI*A`L"6W4%.0IZ,6_#5814MNOKG8_<-GH"\(5"T!&I-T6(&M<8` M:2V/"D'>8G$[>]9F/59T.R2,:97(`>R;`\4(#5>#QE?W@WMH-4+\`KP0B1PO M6J6Y0%KS+5O,#[-["[]ZCF$1^X7YCJ-=$1QV)7#8%4"_YO5>KOB-.8$?8X7O M1:T!##[W'V7&/]A,WR_SMKKY?L16SEN>^VJ9_=#T0FQSS$(#_S@D*;V.:HDX MA[QO'X(8W@4)7)_5[L^X(:DI29C"6Q@_ABN8Q70W<(7N(RKEIV![:#N3L9HK MRQT,W9QAQ81QOH;A"=KA>RFJVS!PXY-:"\3`6Y4@0%4)X@30ADYI2Z#>U`DH M&P-Y:_GR&JBUY[J2Q$B6A\9&=[N>Q;"MUDMB?-'.Q>[QYY?L8TB0AP?^TU60 M/#2OH()/Y-^.H[V7YQFX9[I?KF\8.;-_GB0'N*XOYM%NW>!@-@Y7*5Q3JBDY MA$`#XPL4;V"8'K#'8IT#L""N?FK`2)QY%JJ%7V/A1()9+R1IK2;"L],.(!/1 MWHVD8D@\50C*LDL!%54N>]7$>9!(:P.]R#:"&"FZ!E);";W':V!6HQ:O[8R> MS,/L)-N`PQ[_\Q%+(;:'7\:5O>4$>+#)]O;(Z\]A^D"2N`EU M&CQ]M3H^K([&[IQ'##3^2>R%#/KRQ#&#CKPA?)K^[QDD:M#JAK8[TY`NC!LR M.4>U3)XFFTV<)5>8"W37_6^O=+28VM*0ZK&#I22U,'7@C5^VT@+OFH] M,EO756EC;U\:R@@]N*Z=*9E-&NM MW>J;B<8"K8)PO778HS$_6[7CCLCV:)U:]0W:/$F.)+"^S\PSLT[>QNU7&U7# MVY%:Z7@AR3GMVDIAA0_9,85P7M2W)P?U7MM8R26**TL6Z7P+QG#/POB10$> MVY#+,H?9.DJ[4"-K!T.#C5L2D<=FN926N'>VRR=R6].IM<41PBRU>%)D:S(J MF7JP.JD#%$'Y+B6(U5<:%;A%A;Z<8G/@ZHX#0C0KS/X5I&QM.H.I)]OEZL-+ M/PDJ6^+#&7:_/@^X[=W7SC7E*6UM>VW^/=&FMF>F/7+I"5+<%?,%]O:'-K?H M+P>\K_COB0//+,#Y4$F3XNB[Q9[,$Y/9$XQ780+;]Z;TYE?(-N?P#Y;]*NSO MP,FNO+;[9;>RI4F246!.2-YFCU$FP4OGH(`PI=Q4%9"*W0)?C%KNJ1K MEE.,RT;"_'!$1I(S@Y+[RP-ZGZSKP:'N?/3+QFJ#X4]!@,HT<43/H-#CH1,V MK;D'D;B^8^"1I%N:^0EUV*H$ROW\A$_('WA0'`_V=%CD9/`T=LCOGAN9/M?! M,WV<'P'(Q9Z4(V9"RUK]$H^@U?QS>+,8;/Y=D^GJ(GVF_F+=@"RCR;\:D M,#)T09MF=LP6S#=4%OVD>)BAQ*W9B+2#%#YG$_8,P@K7*FH>,?`+MB1)_Q%& M!U)WJAW5L=\6(5O[K=FHQ&[+<,#I"!6,)BW:2?YO>N++L5?GZ`%)/E[+&S>) M:JYV2$7:/>C47Y]DZ,__.BYE<@?7ONHOW%>T`(7!=^E&H4J7_[ M=C%&'GV]KN+H0+%\<9!EO&3U03/$),1#O`1\\,MU6D7(>![S0XR2Y#I&F[`= MBS'>Y+^Y\<8(VXPVS+Q>4R`?MG6Z"?T#9'^Y!2GKFR/!QVJ"L$90H6X095G= MQ^^A,^);,JWMCTAK/.>AK;<1IVN05OO%_NIC$/\3DC/S[&,_^-J<8'R9V)XZVT4)7 MDFMXV95X\>+PAQV\<*>>=A$S8G@%(Q@'6]RIZ7H71B&YLC`-'R';B2I2%V&8 MC-ILM%?KBV&X)FU$$`Y(>"K`Y5%"`C<5S;0DW/2$\;K3H4 M0IY:>0EW,+);)'\H--$J*W4\Y2Z8X"HL:5\4HKBU38;!U)B52/8Q7(6L"F>L M5V6%D/HKPY($W58L@+\E5E0FH$8XJ?_E1V3!U`(2?;WVN?O:+ZJ=H1]$@;9R MR'II+RO84/U]+'KC5TS0UMQX?F.QAR2@))>2D1I:Y)K)%CH$%,4U]RP*LWNA M^6V:`9(M6'#A,H-^4CYLWL[I^#9D@9J0PG=MW37<):S=#3R&OJUNDUA0._%* ME>)]N*ZQK\:Y]TN;ZGQ$KT5NI[Y"$6KV*I\43^_(+'G5WI358RI\FR*3&?RU M>F8AJE)N4'(5O5S$A-+E]@)>Y:'8=W_RX.IX=2B@?HIB7-\NY6W=P.X'\FR% M@Z/!CCIK"KPZ:3EL#"/2&UZ_=M`D>=64%(\/" MZE*B5730FR**S^-#0&R."9ZGM(B*,;UAU@7V?CGG;>G[6F\-L(&PU,U:VXOU]`; MO5X2DOI-B7MC:3P_K.J"56UL*'L9V.?V,P^!I_78QVH8A:9G53"$T?%A=5_( M,DR(`UV2%@&B;C1WGQYX3QL8X?E,JR@9Z4)2\ MAQL4PXQN2:ZO_!A&*`[3YR+LGD;KII2LM/1'F#Z0>IG%BD![1]U!R^6T?L26 M#6>9HW\CT^6(,3LLFA2/UX])(_\ANW.M:A%438([VF9>TAYDDFJK:DG]#C=( M:S6E<8#B=1@%\3.8IW"''YX==H=MEBR>W0F6D$S%[)9&6M1INEJA0T2'Z.L8 MQ[#A?DN$8>^#76.*%;C-1F\_%K#'=P+(H76U5S1&ZT!]M>2K]^OTU&H\]04Z M01+SS8(XPM)+-Y=/G[,KK\E1EZCI@<*O'L@)PK]P'S1V;$WN[LS"_/Q65F8< MS*5JQ*P,*@L>EMNVC5B0)5SFLKH\18Q%+K.%QYD^D.*'YMEEAWB MM@F-!`CKVUO6D)%M=Q4##2GF\1@FSM/E33$A=M864#&>$\P*D#`RZKLO\M]: M?V$$YFX+9@ZM(8^/U!K9A%2Y:TP/Z11O>UC3V1DY146J^*9I'-X=TH"<7\2J M]'*FQE`7XG_H)FRK]Q52!]"RU2!>6]G$$Q%U^Y`#I*8LGI<92UWO+&X'ZJOK MW=&IZYT5=8VX"P?3*D2O.[DE:KHX3H9J;_YBUTZ?WVRWIF]_#7?Y>C0KV-;1 MEM8=Y(YC1.L/+V2L\=;>D:Z8VIZ2[QBW/'5P#/9BD-\2;_LJ&SN^`T$+[EXN M=+F`.W>SU"7@QQL`BQ71:QC32R`X1_)D9/FWXY,96;2L=0O!F:`)OFURF:J% MYCV,LXM].A:XJET/E%]X[/BPG53)2%4A35/B45<6,S)N;!V3LPJ:QOX$?IE= ME>/-R3=SY/Z[-0Z*@K@V9#K>-3'! M@JJOZX4&=U[N/-P>TLXUE1(JCJL'#]'CY2[]PWE8? M%^EL/7.0GA/SL3XH'@;U?@:PH"6T\B]S##Y0%QNJ?K`W.L;SA3_#\/X!=V'Z M"./@'EX=R"5SBTUV=>+BD"9I$)$],\X,NB][_MWTV8W,J&]O+5A7CZ;Y9JWK>4"I\@F(TV)[9P) M7)78SOA`C;&,3KQ9@A@?Z+SARR'4_1OP6$L?O7@UASH;4^5>_1S'"\CGU'J2 M=*W?@]68?BC2MG;!ZHV6"'TK'QW"5N=!CI#<7#6BLR37-5W'!*KIF&05JLY' MHSQ&Z717;3R2<8M')#[W$`8MZ^L@HY*@46UKYLKJ&9=Z:?)21,F,7A&28J/G M"9&:O1^0'F.4&@/9[=4]G\>JP8"K.5X-#]T1+Q9-@Q22(UZW*Q@%<8BF3V'[ MC(&0IKA.E$UC=D6DJ%VSL80G6G`C))-C4CX^`<4+\`MYY7@A0JPSI/2)6W<_ MLDAKUSXJ`6!$8.?=^!0E>[@*-R%WBT2_^?C[&IY"Q878'YUMO@X M\^&P)%^)2/&+LXY*=HC;1R7EJ!@/\V=!\C"-UN0_Y##[8[`E!]BGZ5D0Q\\X MV/HIV![:6-3BR;^0(H^1=6CUR\Q65)OB6XZ:A`EY3PM9T'_4*$]`D(*"&%!J MMR:EAPK42VE-"2FHT7J3!Z4+$-13>ZU5 M&C7FVIJ-3XBTNJ4T(C!)"-V`YCI,5EN4',BN*,E))4C=$*2&%;/CA-2A\G)`# M^ZX7"=G:Z%PBQ%97N2C8(.I>(32(.BU?7M=;J_6KH6@U?N+C@ATI%IU@7[K-'P,TQ`F MK!*IG`C7KM"JE)(5H::U9RS^,N.B2W;Z(BQ.8Z,)6J^&QMR%)'#W#%X183BL M^:ZZ\!Q4`D\X!>Q]"=(M8QP-@[!.S1L+LAN%<%Z*25H=((_&,LL%?#+#2+)[ M(ZK;E8)2AN,)A]^V)J@P=0S6-EZL,5W_XY"71%^B&T@4'FYAHYK6$BG^1$[D M,603N7:':<+(!0[YJ\UBE(%ZQO>+@S0XJ4DE]EC*!=VZD_BU9J3C34@SJ/&@ M,<#:=,!#M%2YXR_$#U@-C%Z$.R!!4\LAQ*5#B,IZSK0*)_Z+KN#N:][`PP#K M>"V?%WR]`-L?,3#;D6L`?J6!XF)S$48!_CW1_1E*TF0:K<_#A%[GUC[:H,M6 M!%#*;&;.4+-WAH&.>FL";Z4J9%*G)$NH)2V@Q#3=H"1W[%MT48+Z:K#E`12Y M:U;M%S#MCKQCXI..D"V$KN$='AF3Y(!Y(%@1EI>.2^[8-!XR78TAYUC;1:^N M8[@+#SOAX"&@9XX:3'J+5BGHCW5C9+>E:H4L[LETM8IA87DH#N\Q8K;4^B!- M,"#$/EF?2/TF3G`F*U*5`,#C.7?"5D9R@8CRW=PXW,([A6NW"7$7J_)M(J8UL0;$O9JY1W@C?+&2\DX*@ MV$GQ$9=584C3:TTK4;"5)F/4T19=;,#`HM6YRF@5;$_F5!B>>"!P/3B-<3 M/*U@DN`>Y5TA=ZRS1P[&NGH+VE9D%5<=F,DR*X!OXW<87IM@V`5!%7TCR9., MG8X?!)R',$:8G\W*""ST&\_FHT#'@<@=F,6DTIAKB+YS#[;VTO_"P[]\$O ML*3)6-5<4F8T+<.DV4/CRDSJ[0F+-:F*F12TX%5!_1T.J6O#9\[A32Y;#]2@ M_OKLU'U2Y&^4@O(-K);/C(V,69K:_H"E8.>)D5I+NDH2F&=(;,/@+MSZD(`U M#ESYY]1&!:S+06>ZRG;*;^`*AH_DKE[I<,-GX0XT+!;+5LOOE>W!A=F2CHDR M!/`&E((45+2^&:8`#@*3E(*(:XI=3I$1.D&>Y1G1*!"D>]@%VN(7CS9UUV\= M;R[=_74,]T&X+I8X\Y7-:;1>I`\PGM)00#H`Z`CA#@EJ0BR;JD[/;0\;BFWK M6+&22-[0DC.7.TLD`*1\(&/TS?*U4"?P!3W0R_4-*K)$WL);(QA\!'-D#624 M*X"?IQMD4Q]$D;\Z8,XHS>=$7[(%J(^/3FS`ARG3=?!,QG?<4Y)>>L#XKZ;/ MRI,H%2'2:958R$#AKDK/AYIZ2=KN$PD+14JG9SDW=24Y/Z@)\,V3:*%/(:[6 M0+$TSA;)4HF\O3.&@=<-'=E$8[ZXK\&_.9)NOQJ!:!/,$S-P/)R2[I79-K#H MNLH8*N84#9P\3OL.0MS'H7P"MU5-1\"14T;1]40R:O^-![EC\-#T)<@1V[L2 M[$0FSA8@L6O7D+5U&L?8MYY`Q]A MU+G+1YF>.]1TZ"U;*Z<_MBVTVXR.7;:Y>;98IB?GA+[9(4_Y`NL3XX5K<2TV MD9V-C+"!IS-6@=9(>8]?*J;4_;A%5#G-E"-3S'9Z!:M&*XF7)TE:"6;EYE(=4FJEY4.=<&D2@320V`7`/F\0OSD%QC M=_#-I(%!3$81^HY6:/\2X*B1&#,YFVJD8[M2?-F1?"7I4_BGIK5K0^A&J=T*]VPX+' M45B.\\%]'CW"1+]XT\4_RV3=Z1*6QNA-R7&_;4TSMO#-VEPN M5M_@GL?A*H7TWF;I$C6;G+LPW2:WO*3'[HWM1>A.*SJK=BUFWH)S149':=]6 M\3AJ%ZS="8'"7:]K^CIX MSB^MF*[^=0AC2)>F\>BS/I"!!C(/Q.DQY5]-E@1$RTY_-$1F,XJLO@L]1+8.4W(_ M_4L&'V\8&`E^#H<$W+=_P)5\%&C3\1Q_16?7Q-KM6W;O-?$:]E-R,9UX\=8S MP^EHDF\K'*7SC*,@%]C#T/`8VNF:X23+TR:3??*>A-=;%$3^%*2P@15E5VJ" MEF/97;&ZJV)U-\7IDJT/NR<#KLW:W"TYYF5;V\NU0RS2VEJ<=6I/8Z1.N#>K M1NK$(;,EYE['5YOIG3;AVFI&W@VJ[H$)@N(W-:--Z2Z,H5 MKA"WR2>M8X3AVH_<=9Z"D/R3=M9[6W2-%=ZA]6S[U)&9NO/CI.4Y9YH83FY] MP^9WB%Q7_^ZG=L%"OXGBG4]$RMM!;:9Y]10JGIAH"QTBH.KYRP:9J.CW13NR MTFU"-G&I+IX^^C2OOAB7Q65FMB..SC1E2Z.T8S3),=*\_+-,5IK7IC1&W].\ M/+$US;F0;]8V7JQQ`_?Y4NQBVI99R\CRK\PG,W(GLM:M;``( M&N&;/)=I?&H*X,9&2&V*OU8 M!0?Q\-4[,MLB;T\I-LC[8\<&S_E:1,>(V^@Q6D&X3NAU3.1VK,6>^N[9$XQ7 M(?;V[>UT5?IB6UU.;[9_JMH?PVUVA68$VZA2[DE!DE_\1XA`3@5*,L=[JLJJ M1]K::>VPRMAJ.ZVN\64UBA\89EE5[3K0T@<(8/Z:>&IZ01Y`>P]V[(:`&W=+ M?TC`N7'F/P=Q'$1IT:U.6I0"*<.%=TFM61>O%Y;-BM&,FD5U&"6F]#FC]\B* MN'IF&I`$%0S+:7.PC69$"-D*CP?!3]<9YQ3E>/]BH*/B=BV!Q\=+OAG+)2TH M6Y&E?9K9IVP<:UQ"S)/2[Y9NU1',M]Q2*<]KBO6`[[W*48 MB>QS6[%G1F1U.N*I+;W0*[Z'-QGS*[Y'-)IC24BPFHA@-0'!Z2ZG#PD'`VYG MVDPP..:=3ML[G$/L:]K:SW1J3V-D1KLW*V9F-"L]X*O-],Z,=FTUXPWLMVF0 M0K+?MMB0'W!!,DXX^8,JI/G7%9,:N0B57I@-J)(6^'8M9)R<+:YN%Y?S\^ER M=@YNE_@_'V=7RUNPN`!GT]L?P<7EXN=;MS:KI&&DHXFFM8DX*EO2`L]XEI(= MY^;8!OME_NO;+XWPSV[)#/$=F7R,MT@G^:%X7_(_.7I`XJ_71&F3IL+E@&JT MNB316YOT'L3;V]G2L1O24R)O:.^IQC$3[^JE@Z81_<_L7X?P,=B2!)@I#BGB M^!E'"C\%V\YU3CVYRS0]36[#W*Q>?35-V-)M5)3'I2=KTBK11B\#H?^H,>&I M;G:SJ.MLKWY`0H;:;6>&:0FI)XQYC&2K?MTAH+-\Q49Q.`II^@]8L7U92.9G M.3K"\HC!<'XU[TU9S(3,@#-WU@Z-%4B+0%E(:A9O*?3",(@6MR`(PD2,U<74 MU6MZ'->3T4-)NTA'"ZTH3L!1B^G<`$?/O3_"^`X)`___G3KVW_SV[;L34@]T#VDML^WS2X$9=[I@'VCCN>/BAL-E M\)1-;[C>6($R_RY"2B.34NB#F2L6-\"W(Q%?=?DF24_)7OODB%44BS0TT+0. M`4-E'$X08S7$'@`XC7M;ZQ?*OPRX\-RI=<",[TS/4)(F8B_*(FFYSR:)%2M@ MM6K'8;8DRP'?8*AP3A][YAB9NNI`7*#1%K+KE%U(#ZSV0;R>D?8;?FX'=W>X MS8=P#U:$YE@1(/-N!A@8\\@+W`?AFI:V:0&,]:H\TE)_97C^H-N*Z6F#AD31 MZ8(:X23_*ZMLY?KD`./+(]$7:Y\+J"CJYP`&49KE`WP]=)>=!,FTYT\0I:Y$ M_O$.;36.O>/-6=5CO6OL=UM:?F&U8V.W6VE=I4$Y*29]7H0U;`4@X7=C;9!V MESB&TI[5]+R>2B1^9$DD@U7^NP,/+MO0T:5XNUM3FZ.>N]W#.'V^QEI*I]&: M[&KL29)/MQ:G"FEU[E9`:GIH4MH+XR.3HA:$1R;YC)/B[0F@[^ER;DGA025/ M)?4B'35T3DQR.1HG)ET@QW8I!/L`RL_,YV0\( MK3^'VVT+ENW'^2^N'AO!O2W=S"G6I/'Q6Q)-BG^YA67G`R/>QVF"K7A;`UF%TS[%_'9:RW+D* MBV%A;/5>F?D4Q99$5;,5!$PJJOKV('A5DI:`^LYU46T-/*`^^FJ7W99SU@MQ M>P$]RU7:1T!@5LF]Q&"08]!YT#8U-1H]VEB1;2@H[29PM))O*&V[C4%V'Q[)5*%&HTN:@JDK=YHI=X2^BG"[6 M)19DC-6)K:<`=7MB/V^LT89>!E"-59`]5E'Y`7V)JH5)05QHM$R#S2-.#!H) M28/GDUD!U!%EE?7'D$YNF044C>>"Z471>9=XGE=(DW\/#HV1=0C;-7.O/-%\ M(V!S3.CCRHMZXD#%&D-*'[@)="9IA>_1U&_5)UI"`?&`&0XB%)WZM)MK@@.> MR[."A+$S1UH`:SYLY(I823.PXZ1*6;*,@B(?Y'L?<@=X20.B7(%VDH`5)0R0 MY*&@"YK6L5A.+X$_]0MX*A$G<$B5,GK>Z.R)U"2$TVA=\S+LI#`-CF:6J9C# M1AZC2I_L)3=*6I/F/`KYRT1(F%$E=)L>T;'0IW%0!PWMI$D-".7FH\#82;!T M"SM[I=<'QUP]_3:GHZ!K!N)>Y$4.A3I)!N]PN!O/X5^&P5VXI57J<-?HS1T/ M:+O&'H_DMZ3/G-I7NFSY]U-G,S)$W=Z9V:)&:WR#5!8RJ5&6>7[ILS?5N+21 M@?IJK6F3JMR587H&1JL3[E$Q24:*R_GT_?QROIS/;L'TZAS,_O/3?/FWEPY% MW@`Q(AC=#!7R44$^`-@WK\'S#'V5/K+7?H M^,;FOMI6<6V]]#UFG6/L1>=)>+!M* M]-8I+2?4;[&CPZ3M%I,;`09V"XS;0D.C-N&^P`,.%=?PF-$@*S%HB(?Q4T5O MX".,#AR/)R9JI8:VB:PD\K%;MI,*VI$MS]AKL51Y>OD+3SR>1&^='#VA?G.$ MLVF[&7DCP&"0/$YC-#3R-N/LU3'#0):B:0B$48]50HRR5!CD-I7[IPQ8]`V3I6-!0/;1Q7MH"$_CICA M(0_NCAD&@L.&-H`P1H)_R_DY7,I4-8ST7F4Y@G)XCY8R$KG-B#)2N;P MY9G)U5'%[+4G[E!%K4CC^S-2E=D,K83EL?%B/XW=+FR(Q_Q(CT."-=RC)'2= MP6<+*,*L=IM0&74Q,#[`=6V3B[L>**:KE@1Y=*;+0>+VC1<&N>*%JT$5HS'CQS!FJ(] M[(R8/X2B^R6,=^?PCG-1B8"BR!]B49@EE/#;-,P?8@H69)(PZ"?DX2FVM!T@ MCTNO"#X&Z2'V`.8BC2&%3]S*+>D2UG)+QE"]W5PB MEK!88]KCA``WP<@4!$XR(CD.318-6!_J,H\^!V:BB@1**F>,S*R*!",B8[`XS0@@-/.[$9J55VX6'RL/XHX9'"J! MFP$\1MX4J7EI<5T>(6%]2X1#:+["+>R!A0T1GGS)PC:;+=\.:01]7E7M$>L3 MJ7]YQOHVD[ZUO#TN3.SO@]A$2U78IYK9>A,QVD&+<#_$'EZ<)0I*RTERZ=CI M@M9+_W';MYHTJ%GIK\O%2!WTQ6W*-5D"X>_=\/?M+&WCF]]FT9U MR;ZQ,>/-VKQP45ZZ%L]GJZ$V6U155FVO>#-)5E6=PD:*FO+&TT M[47*5EF1D&AED]SQ"'="31,*!9-R37\`Y&<.,\0WL(D/'<\J`P&\^% M+^%NC^(@?LZ*J=W`-7Y`U$IK3;10K4:@(HD*^?CUI`4%8WTU-$T(#%/93T.<635/0\&)^*8R2.X(R?JR`406+,I M[M*6I%^$^8&[EP0HGD\>"%(CUV53J3*L7`-VL.*M=FH'JY2PTB_/*BH2?+M< MG/WUQ\7E^>SF]MN\&*OC0H0Z]5=UB_^J5%AU@!%;U=ZM`X0XT_K;;XLJTM,T MC<.[0TI]+/YTUP$-\GPI76H'0\(*9O90-.JM'=D"*^T=*Z854%2W$*R.#\_ MA*L'\+;Q`N#_`VN8A/<1796ZA3%9Q)R"_W>(0A03%YJ&JW`?I+2::1-V?P:_ M>?/]F[=@'\3@D73LSR2RA2#,2J#2`XZ'-$GQ/S#W<:)2<(N&&2Y'//F]7M-2 ME,'V.@C7\^@LV(=IL#VCU3]I#UNFH,Y0G`578#`[]:O<(\/3X2KM"`X`R]DG M%0T@1'CR!W*R$Y`19L;E^`2P.@20OI):)X*E?+6CP>Z19O>@^="`HTO"%>3( M93ZG&'*KC/`E@HQ[\'Q8F(WGSV]@&H017,^".,+C:C)=K0Z[`UVW/H<;/%JW M5R+4&?(OIL)@9&7J/3+SYTKM\,U+@7U2T("""+RJD8&<[CNWEJ:!`*2OHZ:= MR?DJ._,`:%;=^>!XRQ:2<\3!G.PE8HOGQ0=&UZCUF(K.T!,2>&S9Q_`!1DGX M".0&^,5F&3RU0_1^W%7M)CUNTY(]??IJ7.=)LU%A71\M69/Z`)"= M#&JP@(P'O")&=5[!JP'N+Z;\L)`N*7;G!\HC9*3$,DD/\S%V]YQ,462@,`K.,`6Z+AMDF M++F"E(`N^:1XUEBW=[SOS]^G->.UU-HI?\MO+P;H;TY#R!6L_*=NVPSD7&IW[`[,)*&.C-B'U#4Y2Z6 MTTMPC)38$R_SY"2B,C M4NB#F2<6-\"W&1'?I/:2^M_&Z^_=FHN*5I'&YV^:B("AL@XG<+&Z6#``:FAA MUQ9N5G6"EP$;GF^U#IPQLY?QE(=T:K&Y"*,`=R?87J/LJE)N'K,Z2YG1K,)B MF+>JWBO3_%6EED29K`H")F>+J]O%Y?Q\NIR=@_?3R^G5V0S<_CB;+6]=IZUJ MZ!_UT4\[D57.64]I[0&U$7=YMEOT&?<*7J#X'!WNTLUA6]R:>0-7,'P4W,S; MA[?8X='C-5L)[]-/&ZO@FNT*UL"U)%4WP,;ENQ,0%#+`JS`":[3=!G'B>-N_ M'X*0D6);"^`Z(FK+W[["U]:A"$?8I;LW)5`W*`8%2WG7+[BI@=J+<^ECHIB[ MD>,"QZ[.8%P'\2*F`VMVG?TUC&_)4G7+?/28F""@Y."KPBJW$C5>'EI^DZQ:'7&/QHD M&0=13JK3(/5`".PQ+.E^E^.0:%AU.P!D)*"B\F\:X<(L^R$EP0H->]L#5)NO7%V%%C!$S<)!5ZX(+1N.V/>^I7P]4\G9 MN%[7O\/63(4*C8.I?(%99/1BDQ@8)X-[5R.X,+UJ?B#:5X^J#Q@=3VH`&;<> M=%&=75=PHPQJ@2]M4%LW%$9?['O59B-ZME+GY?K7A9^U`_CJ%AH.'Q\"VZDQ MB0UH-#P-[GTMP8KIAVO5*+QUQB;`TG'+5J`U;BI8?O1:<7E:@Z.6&B;E,,[Y M4>R3>:J8O"%Q\H^,?U(O5^'U8K0.%%`/7773@R2,S30AYYBSGF\V,/2*_#,, MOJ-8=!X*?Z($M4$1Z,3O2U:9%2B[?M[RNJ!"'ZSY=:VE0!%?RX][MJ:LHE:6 MS:BM)@L8F!8R'EZ&\LFV8-/UP9ZM'=L"CH*3M0,=ATZ5N5@LH>(Y4RO+?Y*V M+3M1A14_'@_3>?I1B%.F/S[X1:O"'&(!Y(<$Q+!>LC\NNM[1HS5@4V`H>\2^ MT'#H"?F+OBJD/)]H;WE.I1>6O:/JBIR0D>,GO5GC5=(NWS"DJ[LB#H&!C`.< M8;VH#?QT_:EO:[GV`*3L7LTAY.#@V=DV2)+%AG9P^A2V#_)*Z=I'S+IT=LZ5 M\=JW=)B,(5[A!%F':T*?D.IA]!GXA3QU?L^!3(7=4V(2;><6P"5GG`>3XF+$ M(*/6E7.T"\*H'5IP"8J`@D%@-AIP6S0,'EAR!2Z_2]Y!=/;<,:8%&D+R;]KR MXQVZFO>6*WI$GTTO`Y@V-P4_PMT=C-M>6TY9^&T1I9GGEO?!T'<+&Q!X;P'? M1.O"!<=^74')2$,;+=_.9ZAY=PWTC&W8'$!KF]FM[.K)7WCUCG8Q2L:!"Y-AV-%=.6:AC&N(W%B MYV&RVJ+D$,,E?$K?XVZV[Y092KP-U\84[\[+"7ZM0X?'[M5`OH_5V*0ND=R5 M4Y-)*Q#5I9+Y0RFWFC'8QF''8\:-R\[/A4AFM6/*N_MNW MU078HS9SLM#[XN,=)R;+6U8^8J,=];8.4K0#S\FO\:\@1=PX\S8Y874'!Y?0 M]&("20\,2]>(Y`OO&>"Q36[G'Z[F%_.SZ=423,_.%I^NEO.K#^!Z<3D_F\\< MUS]3T"A2__:=^P$X](VK`%2!,N+28'@?A9MP%41IMW^\.8`>4[%@J,ADMG:H MU3/#9435M@0KBFHB)C6Z&M1`0>E1!*P)#=1/<:T51R7>VN*C/TBT&B^.!DAZ M<;O/KGY8%')O;A\'A^,-#A\06G\.MULVKR&MEIKWZ:#1RZ3?+-54_2Y,-BGOKO$9M/]0@(V4VC5A+1&7+9I#US*1Y<5\_9AVCMC7Z]NOI"&:M-@QKBIH4 M]'3YM.(`&8N?:Z4]P:1GZY+(44^&IK6[P;+5B-(9I$F$^4)&*VL0YH6=CD`\ M9DT7M(=Q^GR])9%RM";7V>S)VB(G]%2F+^NZ2.D-*W$H]L>TMHN\&5$9#AGW MY/IF<3V[6?ZMO(7I^N/L:NFZ\H:JKI&V.MJU-R1L]>H;NH#RP)CDX5\?5IF) MV1\N^_1R(,/3'2.U!$T*ZA-`Z<8(X,5'^M7A$1C8H;MELJ.#*YAL4 MAV5RN;CZ<+JH^B%K'2D-(W;EWJRB*M MW>0Z%@*LAA"6@$""`I]\FXGVN9?ZVM#_>)[M(@AC6D>L\K>\M"D5TOQ;B$F- MP*[2"S.O)VF!CWDAX^1B.K\!/TTO/\W`Q]GT]M/-C$3#CIOPT.&\KW><%]!:DJ;KR^1P)$?>>CA&Q= M[\,6VL/]^&@IME8T/383$K_7II1H`^I"0"X%4#%YO>]3.E*`0I1'TU#?;(LW M1?#6NL8L2GI/^G(#]R@F!U]YZ[<2LK(<*8_,L!:IN'730J1WL M`]D&`_.KB\7-1P]&.JGND.IW;I<895/7ZXLJPL$=WA668-4Y.%8PP)*6>I]L M+&4IM:9N*^R55M_-1FW52ALL'&,2KU/Y`#!;0=D(Z**+HQD9*.D\7<$?"'7< M5=*A<3?JY4/[&#[@V"M\A/-HA7:0+-_R_+HJ>74)D83<]#X9I=X87T8D:T5X MH8R8>=*@`!D)>'6)DN2[;-/,'SM3UC[2U5#GEADA5^.F&9<`LWUIT7`XHY<7 M+3Y>W\Q^G%W=SG^:X9@!_SU[:8`27%PT%*3&<]99;Y;!D_0(D@)E_GV$E$;& MH]`',\5P%1TB#0^=M,@!`R5+>B`PZD9\.(5%5*^ M(=@:1E1Z8=T4U,8-(>,DCT;P:S\#?R7UBFQ$$HB(.(16,@9RK`8?@P"(!!U> M^].>8.$%&0/`9=QK:,,TVT"/UF>(EG2$$2GH*`TW>O'6+JK5X#6^@%2[G\:S M1ZTFQ7>3JDLBT?['^9(>+J$%"LX6M,SI[,I]C=-^<$%&6NS>8ZHLHGFQ:7^L M>F;+@C6>'LPZUFQQ>MZCIR/8L_*<74?4I$9/*^8T./P,T'IB2<_4Y:M)&C(T MC=T-E*U?ENT$T?F:U%&/4M:P*[IQVP%ZQQRKHC6,$K@N+V"91QL4[_)K6:Z# M&/\&LB@71,^+:/NL$(S:$EB.:>8"#9V#K5]D.O99Z(?(>QB+G]Q^NKZ^I$>J MIY?@PZ?IS?1JN;CQ9X/<(CB1?7BT78^IW+H[LFY#Q^"B^#&V-8G&3LI>"&/M M-UF):FST9@AG5<_?>;'>2A@7V<:^L;]BQD\OP)YLI1L=@3'1R40AIG;O:DT0 M21#/1(%<%B#"?)TY^VEZ_'F*Y\:G&RXD84N*B7VMX=-?X3,3N1R:!G0[-!:PRVG7!GB[ MHF7H;7,4\,V?`_H"X#<^`)BG,:3T@5D0;I&V,2Q3_U`@/D>K`UGD6F*Q+22Q M7A5'8!NOS$[I,5HQ/'#7E"@X/5I#R@,6E:B&O16($>LUT[&&R+EH.QR5&A,GN.G-=):G=V"Y4W.-3.8;**PSV9L/$0 MQR!I`Z]!8@=_C%8MP;`I60&-=88:*&N//<$F2U-=B/+UV49JC9(!6)'2A\+M MV2$F:PH78;(*MG^#0
ZF5DQ6(\E\QL15#2NN$B'U^Z8.6.QS3)WX#L%2#O M/!G]I4I$JA^\M03&H:ZM:ZGB8M@Y_\]PN_UKA#Y'MS!(4`37\R0YP+B%.27: MQAH`E];"6H"D'S;6!/A-R-8&>)S%&@%Y?_I/0@`*"I"1^+!8(%,QTM($:_&` MP])>1%#%S[#6\1/:'J(TB)\OPBV,$Z95<&@:UM"AL6`%G'9MH+\K6H;Z-D>! M]O(YR%[X@'&>PI#2]V5AND7:QK),^P.OZF8#37GH_#8-T@,;RF+2YAHOA]3& M4J^P%U96?'DM2!=^V8SE^F\>YU0U$C("'U`OT6U[-5@%"GVXVX:KBRT*VMFMW/<-I#;>6\`IHST;*&V*E6&T3ET@ M-'L&Z$,?\,E2#))^2Q8V:V1M9(JT.W!<@78[%-&2W[0T7[(XI$D:1&OLUMG1 MA0)#,\80,MB(-!1Z9"7>$+$=X/.(L`9[=N$ M>%.\*LCK7!V8YQOKW@&=I4D.U/E*9X*]1LZ#NP@>XYT;N8$K&#X&=UONG;," MBOP+,"F,`"]HTPSJ;,%\D+/H)Q?SJ^G5V?SJP^NKQ7)V"VYF9[/Y3]/WEXY+ ME8DTA10^;1/0#,(*RBHJ'_&6V"P%.[JO=8MWK$F)-O\2$EJSJSY5^F'AD)&L M'<%MGT).;ZU`3<%(2P]-RQ"RU"[X=(4>:Q?%#@,=>E%L05!W,QX=;;$)(NX] ML4/`:,2*ZX>[!/[K@..9V2/D7T4F(\N_"9_,K-ZUI'7#$M=\Z8*ZUCRFR>VG M][>S__Q$JJ7/?L+_[[ABM4QQ2/4C-V'/HZZ5HU;%@CNP^M1?&`# M)-S2_39A,IZ+O()I5C:2U(6?/@;AEH0J2U1;Q,ZO8'T?).&J!=.>W/F7T^8V M,J:>?55RO2@-MGS7J]\RW_9T94TP`PBS:KM!FL;AW2$E'`25JVR3)ZDQN;7/ MOG!"ACIN6K*FD,J^O<:SU!ZG=V`B&7@'Z7`;IY04O) M1Q11WXW/64\`9?["L/W.,VR/6W@W[]%/P?;0.3[$>5T<&^J\-JXIRFI-Q08? M87R'9%5#6\+%=4$;Q).SV@``3D%P2!]0'/X*U^#=FS@GT0@T?"_F<0DH,!:_#[/Y[\\>V;DW=__($6Q,5_OOGAAY,_O/U]SGD" M\/_MX2H-'^'6M83?7R2':=9 M'YN*155?>RIYQ'4[20:@+'7+=G[?0.E\>ME[C&2]V]P7>9.8IY"'IYAV)\BR M&UR[>OYH3S-";M,@3@6KKV:J)L[I?8"I5SA`#*-\$/KN^)3-73USJ6ZM.<2^ M*+0QG++?O11E<\)U(V6[O<$4IHO-,GCBWU:CRE$%YG(.ZS=-F,L`,:F-D?T[`7A"M\)RZ#R>_@-6$AT? M8[&%6&0;-:TC,(92:P=DCMNH;"U4>&U19*Y1V50A!1`QQ);."ENB_ZC).@&5 M-%")^VIB/`P=C9&-FHU`.G@=H\=P#=?OGS\E<#V/%$;_'IQ5%H(ZI^G>EFX? M[60?:+0JW-92EE/LT,8P2"#^AZ\C0`P6R/"X-@B_K^@`AL4@XJ.S'_J6\(O$6P\ M!S\PW,9SYX7GJ#:VIRLH)`JX'%*##T-;@8 M#G#.X#9^$+]$>;?F48HA$MYMX31)8-I>/E*F;X7P`GHK`197ONWX2O3#Y>&5 MJ)M5=(7!DY.!B@YDA'[$5G+U=T(K!0VQ(RLN8S>PS;"!1=-ZD8`7C!86]R*?9IL5`NQ2L&-#D])T@.GON4?32 MTA([6&&JDA6;Y-4HV:'(4.JV>GS.@M8;DZ3CN+IJP<`[\'?T*C("#@CXIE`P"$UB>,`H M.L=>TWX[R.FZRVJ:[T^2M2W\:#A3,P2I.-6J%$K^ M64EUZS8&0CL:%F--UV2WCNB04/>=YX2/R--UN-G`&&(;2T`0APEY3JP+ MX.;24NP*W4?T+/GZ$--S2UAZ7%[/E!T-(UZ#/"^=1HTM6Y*BB7#;&EH;#98^ M9O5\4N?%8@-PEW\X4N>D^'*.S[\^5X_0XYJ%D89$TD MJ&2"AE!0Q173TB=-*Y]0D_W5IOL`\9AMNJ[Q2_PO_+!XA/_O#L]4\9/_#U!+ M`P04````"`!U?F0_9QV+-%8A```>)P(`%0`<`&EI;&`L``00E#@``!#D!``#M75ESW#B2?M^(_0]: MS[,LN7MG=MS1O1,Z'8JQ70I);L\^=5`L5`G3+*(:)'7TKU^`1Q4)XDB0J")( MZ6%ZY&(BD9GXD+@2R)__\;R*#AX133")?WGWX?WQNP,4AV2.X^4O[[[='I[< MGEU=O?O'__[G?_S\7X>'!Y]0C&B0HOG!_ MQ/.#T^,/?SL^.#SDI2(<__X3_\]]D*`#5EN<_/2/:3I^J>CHZ>GI_=/ M/[XG='GTP_'QAZ-_??E\&SZ@57"(8\8S#M&[`T;_4Y+_^)F$09J+6BO^?$^C MBL&/1YNZE!3\7X<5V2'_Z?###X<_?GC_G,S?E2+RSX!**G+^=9YN"M2)_WI4 M?-R0MEB7ZG_X^/'C4?[U'3/,0ICF*TY,WS M.;A'$:LQ9Y&^K-$O[Q*\6D>H^NV!HH6<5T1I@Q4WT$=NH`]_XP;Z2Z.&(Z"D MF$/D,8@BA).,HB4EV?I]2%9%3;Q&F-,@ MXOWX]@&AM(L\C?+N1;H.*&N`!Y3B,`#T&;U\369NA#W'21@1_F%&ET&,_\Q= MX$D\/PT2G,P6UQ0EK-+\UR[R6_%WK=(M7L9XP:P5IR=A2+(X94//-8EPB%$G M]$)9NU;D$R'S)QQ%S&XS!@#*1L4@7N+[")TD"4I[ZF+D[EJ=:TK6B*8OK$+N M-M?<2?530#H7'2TY MVJ[B!:$K%V*W^;D6F=N#H@=F$OR(NL_?]`Q="UVPO0N>^XZ,=48[L.P*I[GW M89[^C.2C+EM3]A[.=8Q=*_$KZ^E_9B@*9FN^WF4(["F\C*'S;IBMF4S<0$'T M*0LHF_<0ZJY3FK@[4H>$&:^$SQ)8"ZKH6)5?W`+I/T!\9L];%8^_IGLBL+NRZMJ+XS'YH5(2>4Q3/T;RJB@OI M;#,A%Z(2(R)AH^:([RX1*MTCR?='%D%RGV^29,GA,@C61USW(Q2E2?5+;HW# MXP_E=M)?RI]_TTIUSSA1M;R. M5@2"E'9X7#2;F=@II\!#SK/1\')>/N)`D/2[`M:W2,JM+SR>VF9]O?!6ES?D,2L2[.5I>QX MZTK8^-BR)_,Y+@2Z#O#\*CX+UI@M#:2M#*(MK:2G];?U;70$(L'`4HZ*'P9% MQ1W-=Q]?U#U>0U%:1T;A;[N;]0&VMI21O(U_'+2-;U#*1$;SBX#&;%6:2)M9 M3U1:1D'D;V.#M`*VMXJ7O,G_>UAG'X;9*HOXP7]^_"39[90[?MMRU2``+N(+<=8 MLL;.W_S86OC,_.<5^U.YG]`B$#<1M@3#KR35.P.;LA471)Z%-`YP)..I8NK6];>GB$M7%$^AI!`<%-31R&UC5H MUKLCQ*@Z9F+CKI1!%96[4D1)#`"FKG`A`#V;8+*LJ7!X[1K<@6F-*"9SAG&: MC@]2O_WP6D#5TG2OL.J,JXMX[M_,^BM*9XN[X)G]*\KF>?PDS?&0IA3?9RF? M:=R1KX01QRE3ALFTS.\#H"15'&ONN!;UK-Y)+6/L(ONQ>.]>MC,Q-9MH(YQ. MJ%;[S)((+^.SC&D3AR]W-(@3IGX1RIW_*\K;YA-;]'TF27)"<<+,=9Y1;M?< M!57F%GKL'FLLL;2/&@?KR;ONCF2(%FOV_AVIR+W$7E2;UB+9<6OL=CS?[3@^ MZ5Z_VY;86P]WKH;#\9^D031P;V:V*(R2>[''`$>%]K6X@7*6Q>]OA4)O[5BZ MQ(!MZ2GWMGZ6W%MOLA9SY+MM)_-_9TEQ3>".*"(H;A\8<.[%>S$WB*U*$IRB M6T0?<8B*2<$-"LDRSKGDUZM:H2W[J6X3';/CZL:XOMUS&_1>Z.Y>7DT,P0B[ M=&[0JR3)T+P^7<]US;_-*K9%:]JL,,M)9Y[6LJBP;M6A@F>C"K,=L/F ML12'*9KG5"?<2^1S8N8Q%@BG&47ML`\W[`!N'\1N:J-`!QON=%"`R:.)8)I. MERF4!O$R MCQ/\CM.'JWB.'_$\"Z(ZT<4S_U/<;G/%KFSUWNS&V($S_1MDI>/[R=AL06(:V_2`-8_LF*`=4ZCV!C!WM$F.UVW-.M5@7>LT09M MTQ2JBT8T1JSJBRFC6!7%1@M>>YOL(-Y55:]B"3#L)63MT@8.QFX<(.M@WR!J MC3/3"K<#3*$R&->NEE#MB-3VTU?\E]]N4,1KFRUJQ^M7\47"6N#IVYI/68JM MW-GB>\"G.*DXAG=GL+E3;RFV,,'=KP7WNQLO%476`_6\:VG4`Z;9H]QY@S:[#[KI??<`5 MD"WWUJT[14\Y;7?6[7K)_H<)1Q/R7/59EO*,+CR64>PEJN\5[%O?1^G+#5KV M]\[M"GK<7/#HMJLM?-IW7:<)H!W<=&V;>LU@0!DE6RMM5TW=KT\/?\VU\=#6 M=D,NWX%.TB\H?2!B8)5-$=DK9JHB8T1A!UOTAB6LSA*<'T>[[]]0L^B*E9XZ M0,HI93@4*`>#GQ6&1,QIU6U"#5)/"U\B_RYQ#6I8_7S4,O9G]L/^7TGN&:@`H!!%?VCVB..,7MT0EI7N&]1?EV7H?I+0']'/)&5/-S-3%@- M(FI"3\$!5@TTM&B83>LN9)&!F^\4/R(Y?H#4E4LQ4'N*)#LE M0:['Q'%:]PY/5OQI@2+M+U\7RA/75@'M(.(J3EU/["F@K%2$X,G$<%I7E,X1 MDSG$LML0LD^;4.S:)T^!H1$?`H-F\6G%^9=Y+?D;)-5C(T+;:RBJ5]\D%)XB MP:P,!!!2+@Z"V3V:ZN;/M7TE,6FJ6HZDBB="[0K5WPPT%_(54%U4!F$,R%@. M.ZNS%(_BH8B#6GT2.-LUQ*S1U6D+TH,I_7:QPJ^QGY&8:9PQI;L M53J'N3_\Z=#\<8K"89VB&+6/(@U4C8[2IO(:U":EX`"4<%*`Q5$XV0!P*QPVPB*ZVN)/,494"U(&!2LU)@9JRGWZ*B MLJP)6AH%5@;.@&"$@@0NYD0%*JXRQ)3V7ITB;YF/+WV;-&Z;Z<8K[H6+YO#NKBGXUM/ M,T#&/?LJ%`YNK.$[4`/(QLE.92TQ.O"XVAF"%O`UC\.V4M@@>Y+CMD+YK`(MQWT:ZJIV5=,.WM;1%"5PW1;/7V>:MKV;G(P(*?[;11K%\-5`US@[; M5$.^DJ(5FRA=@>+=$QFW1IMA7),Z"Y.$R(D_)V^L1;Z]'O+T>X6#N MSGO4-26/F'7*TY=O"9I?Q9O;(2=ABA]QBE$BBVM1N%RW3+I:@'@ MWF3`=8&3BJ>U93/..!/'((+'IKBI&!C/,E)(-9(T\;3)<8@CU%B6L]4XS(H* MO[O+*F39OUQ5,:$.LXXGC@)DQ7O(7L/C;5^0\0L%3R7^JE3P$OL)J#>":_J$D(O7I/M,2Y-O)_^ MU%-B!\\1.KH(J,C,=YHE.&8:,DWNV9J8"UKLIBZ9*=E?";-5L:-Z]L!SQU_% M;)J7\4P7Q9X16SI_QL$]CF0]:C?,R_9WS'RR?6ZGC;"?3NA:A2ZO/WIU'[>= M[&ECP;-@C=,@4H>,61;<1I%!"T[HS*NSN79UDF4CT+2VD]J:GX3%CBUS-`@_ M2B+6;(HH82XIXE%^.2,JS:CXD2PB`FHP=U!U.YA3E,@*D]QJGN[M?!"^_K/-]#&-(,:18* M_9@8?;>6R>B!W\%4N_'O>@%>P72$ZUQ["J^T!P3K^I(Z@"M*3@'5(*,XA[*J MUFF=7;55K\:M,I>@$;4*>B561?K1(U1O`+>X;-4UK>,IB7GXG$FT43L)J'U! M]7Z&JN#H@0HTB5O$JBMU<`+EU0RXW^Z.TPM&3B\636DCSZE9=[6YUU?(:3V( MKK!&\62TX_M['9GJNYDMTW'=W^MGLA[W]ZPKGE8\;WNDO6'FH#AD`R$WEW&" M)"=73HL$7U+<>13)U&,J>V5LR5U>49\$OZ188KRN2(S MY3SC5I-?.;(K5%U=A16:$*@[F6E7T(8*,[4]\9;>3.5_H]",:9%.!>,-W921 MJS#&WL"ZK=_!UK57^.QG-*=3:J=3Z2EU!Z=FW56?Z2NDPUU,#U:L+0]BN$4- MIE<-`_[)U3,7SB>Y;HE%\^(ACAII4X!TV_?_#+03PBUML;9%7P! M][IO,4X39J/9XCM.'_C3\8PJCP43,-F=0=DL'1A,"+^]S;+NMQ]>'?):*N\<>UWFL`7V+N*A/=YMMEY' MN3V"J,H$=A4O"%T5S2T_9+EHQX.-):P(+::"PB"553K!<;%:`([U]H(V)7NUW-2F;1<2*#=H MAH>/.H>R1AD%2-IIE)L\-#.VX=JWE/!;G*Q1B!<8S<_)*L"MA"4FNJJ=E73# MM[6T10E<-T6SU]GFK:]FYR4"*CUFBVK!JKJ\`2$5^[N,='@HZ!0@AJSV"AA( M6#9\P9WQB=O"+#\?M:S"1I_?BV_23PV+H><4Q?-M='++9I@O)-F<*4(XR2A: M4I*MW[,50S'FG`91$(?H]@&Q9Y\7CA5IS0>";#'7L?0F&,ZNM(^";*!GES20.B0#2:H#4D7H(,0O53'C2LW)W(?`1T7LR.'RJV,V[X+DPA1(] M`$HA0:6,TD/LP!4S04?+R9?;>6YQD^=SUP-&1B(@I4'B,40TJD"QT60QK6?% MRXPLLLL!LD^;^\.U3QXVOD9T4Z,WBT[K?E6IFS3MCMPA6)1H0D-;PE_$6"@* M!)*>H\.+1A[@2X4K!%-7ZZC($X9QODB;LTW MM=HQ2Q#2[?,4:E(/X6&AFMEKZ%C)P?-QI.[B$R'S)QQ%`E#$GTO+;7[V$``* MD4V-O2VFVGP;:_VL2:';`:L<HI>\I#_VB MM&F]VFFAJFS/L0;MUC+LLO54?ON?/VS!D,;75NF+(AC%MEAI9'`Q3P-8.JH- M"6V!LY[6<6]=;S/6S+`:'$'6&"$0%9L0@M8A`FNB@5-"_G!]L("<2`@3$(B\ M`),F2D"KDQHZDB`!D=.T@")D0=8?\\J)A`610.0K4$`Z@8"BXC2M46E[A5KC M4?1$K?OHH_`H()U`0%%QFM8+Y!>K=41>$+I!4?[JU=86;CQ&G!W,=98ISKNE8=&>B*)T_#AV,C";P`/CP"NPWR$--:XIGSJ M5;.`_H112UB?S\H)?04-6#?X;%;!;6*Q4\+VDS&Z04DGW\<;`72@FG79S0,` M9^Q;OW?!,\3Y0,G;\3'CEJ!2LUS8G%7-2W5,V'U%-A;<*BEMYWTN@V1 M\F"Z>X=6:T(#^E([,`\C+DUK(/8"*]!S;2O%NQ]QFZJ9UMD4 M3]2!TSR%!W\<(']*<(GBL.U]`)35DR`:RE$A#JYR=[AIZYC6\18X(`P<"^5C MT%<7H'4,_K+!F7T0V%A/N:XKB7.594.HAF)[M;9%,6`8(01#9J7$R$$=7*3< MW,7O^/&\Q\E\C@ME^(/E5_%9L,8\?X(R*QF\0'6^92[@.:RL5;9!&83YM)S3 M'45!DM$7I6]2$U13^C:!YQ`RJF0#&1DS!],DK_+-W:`TP#&:7P0T9K/!Y"0, MLU66!ZFA<\M\,]NI3>!H%8E?8*S[6-K,9GS\%A4,<&&FU6/38Z_5CMF79+ MU*F[>\-F]Y;5Y)7IM+'`=QB(/H MFB3Y/IR2T'.2W:>++&H_9:^XR]2E;+6U955V>&RU$43Z&0#R6HDE M_VF](M`\:&6N?T9S*\WS9?N>]$3];Z"N@1T,A"T$N*3S%BED9"$2D7$;^=,9&T[,H2)+9(M=- M%XV@HA//2EITPT-#?61B4`I\OLA$)0"-% M$XL\\Y%"PLO'9KY%E,=3-1?]7]#J'E&Q$W/"<[C7U?J(OP72'8/D:=2^3;LK]BZ, M+V,_F!=S"TVR<\LW':43Z?.7Z9Q+O<-0$E^\^"U>QGB!0Y[CMHBIP?'RFIDN M?V%DX"0K-5$47ME,V$RV(B/LX#\QCI:Y[,>__*8UYE?T5/N1DIC] M&4)]X0XX5Q,TAYR'R[]FA@'9I1&;'DTM33[A]BK+6( M@K2I[17XDWJ2B,'\"*_<.(W1$VT>3I<2>9'&1.4/M#22)"8>]'!#6Q"84LW^ M*^?%+L$@W73C31;`56;=A#2$@5:TL$ZKDPJ50<& MT6JT]:!#@]J+V*G:[-ZZ&G@G-W!^!9U=\O2-/^^J?26I:F"&$2O?6VL0>_22 M')<+L&MO6TYK!Z^F\GWRU^J4];P"?W&*8K3`*5_*=)D3 M*`ZXZER-GY$D3?*0]GLN\G7PH@N2HW*=UN54>R!$W6YLJN`VWJ>`&6<2U085MBEY2YOGL^DKW&CPH6G*M MK^(%H:MAO603;@58&F1(`U#[R$0FNO9D[&EB-= M5!;6-HHZBFL%`-ZOH,]+WJX?K--+9*G>T%?T?XL2VXNWQA)#WC5N"KX$%*UJAYT>$A3$2L]FYUXM?JG'Y%,?HS0U$P6R.: MU^7PI$7"W.A=K,J4L("5<7?\HJU/Y1;L"D$T\\`-V+46Z6B%9K<'UGKCC&-O^WK@`1VBC>S"N.*4J:^TQ3S*@933 MG5R1,,NC\N/Y!9MAIB_]O*QB#J*K176P;5&D.FJ%%.GIW!(4OE^2QZ,YPH5? M8W^([HS]]%LAP`U:8EYOG'X-5N(+QSJ24B,IR7`GPC9-0D`*"H>Y@`IXEY8S MWMV33W:-?L8TH-S+S-'S/Y&8Q5)+TVAVD69D[:Y7L4_#MSAK4C?LJ>4K!>X8 M6X4CJW\2'%;^:33-JU&H6ZLV&6K2NNRY,:\1Q82)/C\/4E6K2FF$YFW2C*Z= M=2KV:W"!LR:-QIY:_H1)->>274:!^(:S]%OUUDWCVVA:6*=2MY85.&J26.R[ M1<]1$E*3X"\>5=$&UC M@JZB'0TN;%3N,V%7UJ!)"+%7A/Q*HHSI1E\N<82H^."ZEJ:!")%F9$C0J]@' M`2W.\I;_N/_%>N&]-M&>_'W*3`X`/6ESZ2XG'1D<0`KW6L@K*E#MY.P='3E: MS]A@MB14OI$CI6A@H4DQ,@CHU.O3\@)?18/O?^_N.KN/<'@9D4#R7(TZ)#VZ<,0 M^X+;IQ`O^561Y`:%"#_FV4>&"K79BJ"Z6:ZA*-M3 M1C'<"U&5A6M2*5^(@M"62NII!^NCNM8A=AHVNZ6$E)[A*XE*O$_0'QFK MZ.(1#?C.JR"'J@.;R*K+P"JRX:Y`"Q(I+SZ;Z!0:>M!]C6U#X.H)5YL5G/.K MS6J.`W7@\@O_#W^@@?WR_U!+`P04````"`!U?F0_J[M.#3<(``!A/P``$0`< M`&EI;&'-D550)``-.0K1.3D*T3G5X"P`!!"4.```$.0$` M`.V;W7.C.!+`WZ_J_@>=7^[VP7&<[,YM4I/9P@0[U&'P`DYF]V5+QK*M6RP8 M(?*Q?_VUA!U_0!3L9*]R5\S+@.ANNO5#K0]W/O_TN(S1/>$93=A5JWMRVD*$ M1QN&I]RW%, M9Y1,6P@"8=DEO&['[L/Y2<+G8.6TV_DZ=`+ER5J8TGA^J!>%9DS9[SN:CQ,> MK]]TWI&/)S@C:W&6,)8OJQ6F@G?$4THZ(-0&*<)IM-;+L_8%DA]MQM($$U`5$&?%GT'-"4;*259$:B MDWERWX$'%4X]EOIKQ:5[<7'144];\+$@I#X7S%@BL(`O4K6M6].4LEFR:H)& MJ76Y[FF?S)"R`C4V]'S@:CDI$]I^DDU;'IE@%GX]S:!.91R4JI+\!(DA(N*,DVGU+GW2*/ M<%P1N8GC*(^/#SS:Z'_0N*=D5A$WY!+*Z-%A3Y_5/VC4,9Y41.W@"8F/"CB6 MFG]JK-),"-$A>3'V[7HI6CD7P,!3LX0W"T02_;Y(XBG,3=:WG(JG%J*0%_4B MSZZLG=GP_0)=`+,:>C8`UZ;G!IYC7QNA=8V"$/X;6FZ(O#[<>.:_;CSGVO*# MOR/KY[$=_O*YLV]R_VUY1J8>^Z*N]S/)2GLEHM/<&XKU%7<_YFJ]5>L:TI_" MSH8ER)*4>*V:]8RZ]1@%$I+MFM[0:K#HL)@X6_3CY"$K<&QN]1B^/P"#:00W MJ.]X=T�H>BAV.Y"`L6A(B"QDZ+'LB9%DC/<`S7M%!P8UEA@Z$VAA'F$/J" M"`JQE)GL/GX%T`_U`:%_[%C^K@&F`W9-LRA.Y`./SS&C?Z@`##;MX8QFWFQ[ MT5\P/$A#A[5;S$<;>W#C^0/#M7\U0MMSD>%*MH&M$N'(MP)(BNI)@[0>TH#. M&9W!*&#"B*(D9X*R^2B):02+S'V:>F$]R+,2R,`>N';?-@U8\AFFZ8W=T'8' M:`2#UK2M)HO6)#A(DND#C6,87AYD-&Y#+[`YG<3$R#(B2A!?E==S/"]Q''C> M]9WM.&HP>N&-Y7&"\=*6@D]HW^6%Q;-X='1@'J$@2-B!)NPT@C:>::'\F,)2L]RK;X= MHA%LQ)KA6&S1;J4-@ MD;F<4VPV2_BR&E190@NI6][]!M9`G9';;M_SAPV?`_C(P<')`L8'O2?;9^1Z M$3VA\K96#AW?NH'18]]:S1GY08B*+@_Q8_GL8?N1'LEI"4D!`87&U^98X8#1 MLJ1"+9)AHVDFZJR'L*IC(9VH'E7Y,`%`#>VP^&U#;DU-3YT*66YS)%2?W2TL MU/[(28R]5-8;@3LE9E4B.E8_GI:'U2TLZ7X=6XZ!Y%F"FHL:1'47"WF:%A59 M.![DF&,F$JY;.KPFKQ]HY0.@8#P:.6KS:CAH,#9\PPT]OUE7U$:91+G$(4_A M(.&)IS(\G80.UP7\D[A6^MN7LCZP,(:VK#6D:IX3489A6F)S-Q$D\TE$Z#V> MQ*5EX(MR^@Q97JWW;=>`F22!G3J,B[]EJO+9O: MW;/V>?<$7KTJ37S=BW(Y\P$.2/EC7_Q2F?9AX:_UWNQ%=3%['6>V-=U"47IS M(;WI?CJZ3_;+W>NX$G.^HW6,']I*_1><4`Y4*G9(++)U2WMCJK8[VAI]G3O[ M.O)"X\#J;S24!S*+0NJTLRPGT^N[7CD]7,O[W94E$MK?[,X7*9,"(P?[(A.3HL[KJA5Q,J5BW9PJST+UOFE>[$P/[J)@ M@;E1BG";,>"8^H M%+C#7.X?MZ,_1OFC?A2RQG:$Z0ICN"`%20/\X3@26U&_*KF#5$BAV@'BE9%U M@.^!^!8^0_#!FU5\CYGZ(.^H6,C5E@QG\"_/G M[_>:S`@'0\?TT%N,_,_TE+:&SR4/6XT\87`9%942FVU32!Y%+X;^V,Z>[VFU MZ,OBK_XNQ;K]OYI,MW_JWOA8D4)>$_Q@&:3:W2JBKTI^`$H5A]A:6#7E/Q@S MK==5Z.HJ?`""NC/2"H#UQ#\8OUZ>44:R#)96$\J4\/-O9`*N,CI=83(7&!IM M9BQELO1F14$N!.M0/*$Q%71GOGIOPQ]@05<<8Q1;*KC]#U!+`0(>`Q0````( M`'5^9#\#5D5%;J4``'P9"0`1`!@```````$```"D@0````!I:6QG+3(P,3$P M.3,P+GAM;%54!0`#3D*T3G5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`'5^ M9#\9,^&=8A```.?I```5`!@```````$```"D@;FE``!I:6QG+3(P,3$P.3,P M7V-A;"YX;6Q55`4``TY"M$YU>`L``00E#@``!#D!``!02P$"'@,4````"`!U M?F0_G&!YZZT8```!E@$`%0`8```````!````I(%JM@``:6EL9RTR,#$Q,#DS M,%]D968N>&UL550%``-.0K1.=7@+``$$)0X```0Y`0``4$L!`AX#%`````@` M=7YD/T4DMR;_2P``)7`$`!4`&````````0```*2!9L\``&EI;&`Q0````( M`'5^9#]G'8LT5B$``!XG`@`5`!@```````$```"D@;0;`0!I:6QG+3(P,3$P M.3,P7W!R92YX;6Q55`4``TY"M$YU>`L``00E#@``!#D!``!02P$"'@,4```` M"`!U?F0_J[M.#3<(``!A/P``$0`8```````!````I(%9/0$`:6EL9RTR,#$Q M,#DS,"YX`L``00E#@``!#D!``!02P4&``````8`!@`: )`@``VT4!```` ` end XML 33 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
Sep. 30, 2011
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES

NOTE 2—SIGNIFICANT ACCOUNTING POLICIES

 Our significant accounting policies were described in Note 2 to our audited consolidated financial statements included in our 2010 Annual Report on Form 10-K. There have been no significant changes in our significant accounting policies for the nine months ended September 30, 2011.

Accounting Estimates

 ILG's management is required to make certain estimates and assumptions during the preparation of its consolidated financial statements in accordance with U.S. GAAP. These estimates and assumptions impact the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates.

 Significant estimates underlying the accompanying consolidated financial statements include: the recovery of goodwill and long-lived and other intangible assets; purchase price allocations; the determination of deferred income taxes including related valuation allowances; the determination of deferred revenue and membership costs; and the determination of stock-based compensation.

Earnings per Share

 Basic earnings per share attributable to common stockholders is computed by dividing the net income attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Treasury stock is excluded from the weighted average number of shares of common stock. Diluted earnings per share attributable to common stockholders is computed based on the weighted average number of shares of common stock and dilutive securities outstanding during the period. Dilutive securities are common stock equivalents that are freely exercisable into common stock at less than market prices or otherwise dilute earnings if converted. The net effect of common stock equivalents is based on the incremental common stock that would be issued upon the assumed exercise of common stock options and the vesting of restricted stock units ("RSUs") using the treasury stock method. Common stock equivalents are not included in diluted earnings per share when their inclusion is antidilutive. The computations of diluted earnings per share available to common stockholders do not include approximately 1.6 million stock options and RSUs for the three and nine months ended September 30, 2011 and 1.4 million stock options and RSUs for the three and nine months ended September 30, 2010, as the effect of their inclusion would have been antidilutive to earnings per share.

 The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share is as follows (in thousands):

Three Months
Ended
September 30, Nine Months
Ended
September 30,

2011 2010 2011 2010

Basic weighted average shares of common stock outstanding
57,245 56,993 57,302 56,835

Net effect of common stock equivalents assumed to be vested related to RSUs
602 686 759 744

Net effect of common stock equivalents assumed to be exercised related to stock options held by non-employees
14 43 24 52

Diluted weighted average shares of common stock outstanding
57,861 57,722 58,085 57,631

Recent Accounting Pronouncements

 With the exception of those discussed below, there have been no recent accounting pronouncements or changes in accounting pronouncements since the recent accounting pronouncements described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2010 that are of significance, or potential significance, to ILG based on our current operations. The following summary of recent accounting pronouncements is not intended to be an exhaustive description of the respective pronouncement.

 In September 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2011-08, "Testing Goodwill for Impairment" (amendments to ASC Topic 320-20, "Goodwill") ("ASU 2011-08"). ASU 2011-08 amends the testing of goodwill for impairment. Under the revised guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of a reporting unit. If entities determine, on the basis of qualitative factors, that it is more likely than not that the fair value of the reporting unit is below the carrying amount, the two-step impairment test would be required. The ASU does not change how goodwill is calculated or assigned to reporting units and it does not revise the requirement to test goodwill annually for impairment. The amendments in this ASU are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. We adopted this guidance as of October 1, 2011. The adoption of ASU 2011-08 will not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

 In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income" ("ASU 2011-05"). ASU 2011-05 requires entities to report components of comprehensive income in either a continuous statement of other comprehensive income ("OCI") or two separate but consecutive statements. The ASU does not change the items that must be reported in OCI and does not require any incremental disclosures. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2011 and must be applied retrospectively for all periods presented in the financial statements. Early adoption is permitted. While the guidance will impact the presentation within our financial statements, we do not anticipate the adoption of this guidance will have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

 In May 2011, the FASB issued ASU 2011-04, "Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards ("IFRS")" ("ASU 2011-04"). ASU 2011-04 provides a consistent definition of fair value to ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS and provides clarification about the application of existing fair value measurement and disclosure requirements. The ASU also expands certain other disclosure requirements, particularly pertaining to Level 3 fair value measurements. The amendments in this ASU are effective for interim and annual periods beginning after December 15, 2011 and will be applied prospectively. Early application is not permitted. We are currently assessing the future impact, if any, of this new accounting update to our consolidated financial statements.

Adopted Accounting Pronouncements

 In April 2011, the FASB issued ASU 2011-02, "A Creditor's Determination of Whether Restructuring Is a Troubled Debt Restructuring" ("ASU 2011-02"). ASU 2011-02 provides additional guidance to creditors for evaluating whether a modification or restructuring of a receivable is a troubled debt restructuring. Specifically, creditors are required to consider whether the debtor is experiencing financial difficulties or whether the creditor has granted a concession. This guidance was effective for us for the first interim period beginning on or after June 15, 2011. We are required to apply this ASU retrospectively for all modifications and restructuring activities that have occurred from January 1, 2011. We adopted this guidance as of July 1, 2011. The adoption of ASU 2011-02 as of July 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

 In December 2010, the FASB issued ASU 2010-29, "Disclosure of Supplementary Pro Forma Information for Business Combinations" ("ASU 2010-29"). ASU 2010-29 requires public entities that present comparative financial statements to disclose revenue and earnings of the combined entity as though the business combination(s) that occurred during the year had occurred as of the beginning of the comparable prior annual reporting period only. The ASU also expands the supplemental pro forma disclosures under Topic 805 to include a description of the nature and amount of material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The ASU is effective prospectively for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2010, with early adoption permitted. We adopted this guidance as of January 1, 2011. The adoption of ASU 2010-29 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

 In July 2010, the FASB issued ASU 2010-20, "Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses" ("ASU 2010-20"). ASU 2010-20 requires enhanced disclosures about the credit quality of financing receivables and the allowance for credit losses. These enhanced disclosures include, but are not limited to, a greater level of disaggregated and qualitative information about the credit quality of their financing receivables and their allowances for credit losses. As of December 31, 2010, we adopted the required disclosures, which was effective for interim and annual reporting periods ending on or after December 15, 2010. As of January 1, 2011, we adopted the required disclosures about activity that occurs during a reporting period, which is effective for interim and annual reporting periods beginning on or after December 15, 2010. The full adoption of ASU 2010-20 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

 In January 2010, the FASB issued ASU 2010-06, "Improving Disclosures About Fair Value Measurements," (amendments to ASC Topic 820, "Fair Value Measurements and Disclosures") ("ASU 2010-06") which requires reporting entities to make new disclosures about recurring or nonrecurring fair-value measurements including significant transfers into and out of Level 1 and Level 2 fair-value measurements and information on purchases, sales, issuances, and settlements on a gross basis in the reconciliation of Level 3 fair value measurements. The ASU also clarifies existing fair value disclosures about the level of disaggregation and about inputs and valuation techniques used to measure fair value. As of January 1, 2010, we adopted the requisite disclosures regarding significant transfers between Level 1 and 2 fair value measurements, which was effective for annual reporting periods beginning after December 15, 2009. As of January 1, 2011, we adopted the required Level 3 reconciliation disclosures which were effective for annual periods beginning after December 15, 2010. The full adoption of ASU 2010-06 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures.

 In October 2009, the FASB issued ASU 2009-13, "Multiple-Deliverable Revenue Arrangements," (amendments to ASC Topic 605, "Revenue Recognition") ("ASU 2009-13"). ASU 2009-13 updates the existing multiple-element revenue arrangements guidance included under ASC 605-25. The revised guidance modifies the criteria for recognizing revenue in multiple element arrangements and expands the disclosure requirements for revenue recognition. ASU 2009-13 is effective for the first annual reporting period beginning on or after June 15, 2010, with early adoption permitted provided that the revised guidance is retroactively applied to the beginning of the year of adoption. We prospectively adopted this guidance as of January 1, 2011. The adoption of ASU 2009-13 as of January 1, 2011 did not have a material impact on our consolidated financial position, results of operations, cash flows or related disclosures and is not expected to have a material effect in future periods based on multiple-element arrangements in effect at adoption. Additionally, as of January 1, 2011, the prospective adoption of this guidance did not result in any change in the units of accounting, the allocation of consideration to those units of accounting, or the pattern and timing of revenue recognition of our current multiple-element arrangements.

X
- Definition
The entire disclosure for the significant accounting policies of the reporting entity. It also including new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.
+ Details
Name: iilg_SignificantAccountingPoliciesNewAccountingPronouncementsDisclosureTextBlock
Namespace Prefix: iilg
Data Type: nonnum:textBlockItemType
Balance Type: na
Period Type: duration
X
- Details
Name: us-gaap_AccountingPoliciesAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
XML 34 R16.htm IDEA: XBRL DOCUMENT v2.3.0.15
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2011
SEGMENT INFORMATION
SEGMENT INFORMATION

NOTE 11—SEGMENT INFORMATION

 The overall concept that ILG employs in determining its operating segments and related financial information is to present them in a manner consistent with how the chief operating decision maker views the businesses, how the businesses are organized as to segment management, and the focus of the businesses with regards to the types of products or services offered or the target market. ILG consists of two operating segments which are also reportable segments. Membership and Exchange, our principal business segment, offers travel and leisure related products and services to owners of vacation interests and others primarily through various membership programs, as well as related services to resort developer clients. Management and Rental, our other business segment, provides hotel, condominium resort, timeshare resort and homeowners association management, and vacation rental services to both vacationers and vacation property owners.

 Information on reportable segments and reconciliation to consolidated operating income is as follows (in thousands):

Three Months
Ended September 30, Nine Months
Ended September 30,

2011 2010 2011 2010

Membership and Exchange

Revenue
$ 86,222 $ 83,649 $ 270,001 $ 268,372

Cost of sales
19,565 18,165 63,027 59,099

Gross profit
66,657 65,484 206,974 209,273

Selling and marketing expense
12,421 11,781 38,580 36,878

General and administrative expense
20,667 21,546 64,535 62,063

Amortization expense of intangibles
5,420 5,257 16,269 15,771

Depreciation expense
3,097 2,426 9,286 7,069

Segment operating income
$ 25,052 $ 24,474 $ 78,304 $ 87,492

Management and Rental

Management fee revenue
$ 8,484 $ 6,071 $ 24,229 $ 16,389

Pass-through revenue
12,007 10,768 35,020 31,167

Total revenue
20,491 $ 16,839 59,249 $ 47,556

Cost of sales
15,143 13,010 44,537 37,779

Gross profit
5,348 3,829 14,712 9,777

Selling and marketing expense
920 752 2,635 2,311

General and administrative expense
2,589 1,256 7,196 3,960

Amortization expense of intangibles
1,410 1,318 4,179 3,954

Depreciation expense
222 218 720 624

Segment operating income (loss)
$ 207 $ 285 $ (18 ) $ (1,072 )

Consolidated

Revenue
$ 106,713 $ 100,488 $ 329,250 $ 315,928

Cost of sales
34,708 31,175 107,564 96,878

Gross profit
72,005 69,313 221,686 219,050

Direct segment operating expenses
46,746 44,554 143,400 132,630

Operating income
$ 25,259 $ 24,759 $ 78,286 $ 86,420

 ILG maintains operations in the United States and other international territories, primarily the United Kingdom. Geographic information on revenue, which is based on sourcing, and long-lived assets, which are based on physical location, is presented below (in thousands):

Three Months
Ended September 30, Nine Months
Ended September 30,

2011 2010 2011 2010

Revenue:

United States
$ 90,658 $ 85,091 $ 277,772 $ 266,307

All other countries
16,055 15,397 51,478 49,621

Total
$ 106,713 $ 100,488 $ 329,250 $ 315,928

September 30,
2011 December 31,
2010

Long-lived assets, net (excluding goodwill and other intangible assets):

United States
$ 48,568 $ 49,663

All other countries
2,210 1,237

Total
$ 50,778 $ 50,900

X
- Details
Name: us-gaap_SegmentReportingAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 34

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 35

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 32

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 40

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 42

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 31

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

+ Details
Name: us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: us-gaap
Data Type: nonnum:textBlockItemType
Balance Type: na
Period Type: duration
XML 35 R20.htm IDEA: XBRL DOCUMENT v2.3.0.15
Document and Entity Information
9 Months Ended
Sep. 30, 2011
Nov. 01, 2011
Document and Entity Information
Entity Registrant Name Interval Leisure Group, Inc.
Entity Central Index Key 0001434620
Document Type 10-Q
Document Period End Date Sep. 30, 2011
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 56,013,887
Document Fiscal Year Focus 2011
Document Fiscal Period Focus Q3
X
- Definition
If the value is true, then the document as an amendment to previously-filed/accepted document.
+ Details
Name: dei_AmendmentFlag
Namespace Prefix: dei
Data Type: xbrli:booleanItemType
Balance Type: na
Period Type: duration
X
- Definition
End date of current fiscal year in the format --MM-DD.
+ Details
Name: dei_CurrentFiscalYearEndDate
Namespace Prefix: dei
Data Type: xbrli:gMonthDayItemType
Balance Type: na
Period Type: duration
X
- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.
+ Details
Name: dei_DocumentFiscalPeriodFocus
Namespace Prefix: dei
Data Type: dei:fiscalPeriodItemType
Balance Type: na
Period Type: duration
X
- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ Details
Name: dei_DocumentFiscalYearFocus
Namespace Prefix: dei
Data Type: xbrli:gYearItemType
Balance Type: na
Period Type: duration
X
- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ Details
Name: dei_DocumentPeriodEndDate
Namespace Prefix: dei
Data Type: xbrli:dateItemType
Balance Type: na
Period Type: duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, and Other.
+ Details
Name: dei_DocumentType
Namespace Prefix: dei
Data Type: dei:submissionTypeItemType
Balance Type: na
Period Type: duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details
Name: dei_EntityCentralIndexKey
Namespace Prefix: dei
Data Type: dei:centralIndexKeyItemType
Balance Type: na
Period Type: duration
X
- Definition
Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument
+ Details
Name: dei_EntityCommonStockSharesOutstanding
Namespace Prefix: dei
Data Type: xbrli:sharesItemType
Balance Type: na
Period Type: instant
X
- Definition
Indicate "Yes" or "No" whether registrants (1) have 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 registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ Details
Name: dei_EntityCurrentReportingStatus
Namespace Prefix: dei
Data Type: dei:yesNoItemType
Balance Type: na
Period Type: duration
X
- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ Details
Name: dei_EntityFilerCategory
Namespace Prefix: dei
Data Type: dei:filerCategoryItemType
Balance Type: na
Period Type: duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details
Name: dei_EntityRegistrantName
Namespace Prefix: dei
Data Type: xbrli:normalizedStringItemType
Balance Type: na
Period Type: duration
X
- Details
Name: iilg_DocumentAndEntityInformationAbstract
Namespace Prefix: iilg
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
XML 36 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS
Cash and cash equivalents $ 190,952 $ 180,502
Restricted cash and cash equivalents 3,108 4,118
Accounts receivable, net of allowance of $358 and $213, respectively 28,665 24,420
Deferred income taxes 17,875 19,865
Deferred membership costs 12,549 11,775
Prepaid income taxes 1,739 8,539
Prepaid expenses and other current assets 23,358 23,527
Total current assets 278,246 272,746
Property and equipment, net 50,778 50,900
Goodwill 488,027 488,027
Intangible assets, net 105,622 120,470
Deferred membership costs 13,978 16,108
Deferred income taxes 5,850 5,767
Other non-current assets 35,173 24,366
TOTAL ASSETS 977,674 978,384
LIABILITIES:
Accounts payable, trade 10,073 11,302
Deferred revenue 97,457 94,651
Interest payable 2,619 9,745
Accrued compensation and benefits 11,527 14,941
Member deposits 9,324 9,692
Accrued expenses and other current liabilities 44,403 38,787
Current portion of long-term debt 0
Total current liabilities 175,403 179,118
Long-term debt, net of current portion 344,436 357,576
Other long-term liabilities 11,691 11,697
Deferred revenue 123,156 124,928
Deferred income taxes 82,823 83,434
Total liabilities 737,509 756,753
Redeemable noncontrolling interest 420 419
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Preferred stock - authorized 25,000,000 shares, of which 100,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding
Common stock - authorized 300,000,000 shares; $0.01 par value; issued 57,710,379 and 57,099,615 shares, respectively 577 571
Treasury stock - 1,570,687 shares at cost (19,258)
Additional paid-in capital 170,746 164,162
Retained earnings 100,691 68,560
Accumulated other comprehensive loss (13,011) (12,081)
Total stockholders' equity 239,745 221,212
TOTAL LIABILITIES AND EQUITY $ 977,674 $ 978,384
X
- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Subparagraph a

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_AccountsPayableCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3

-Subparagraph a(1)

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 4

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3-4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_AccountsReceivableNetCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_AccruedLiabilitiesCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 14, 17, 26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 15D

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

+ Details
Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.30(a)(1))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_AdditionalPaidInCapitalCommonStock
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 12

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Topic 210

-SubTopic 10

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

-Section S99

-Name Accounting Standards Codification

-Publisher FASB

-Paragraph 1

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Concepts (CON)

-Number 6

-Paragraph 25

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 18

-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.18)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_Assets
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Details
Name: us-gaap_AssetsAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6801-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Section 45

-SubTopic 10

-Topic 210

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6676-107765

-Publisher FASB

-Name Accounting Standards Codification

-Paragraph 1

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 9

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.9)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6676-107765

+ Details
Name: us-gaap_AssetsCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.1)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 7

-Footnote 1

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3044-108585

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 8, 9

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6676-107765

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 7, 26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

+ Details
Name: us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.17)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 17

-Article 9

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 19

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 25

-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.(a),19)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14326-108349

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 8, 9

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_CommitmentsAndContingencies
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_CommonStockValue
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Sum of the carrying amounts of deferred costs that are expected to be recognized as a charge against earnings in periods after one year or beyond the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 17

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.10)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details
Name: us-gaap_DeferredCosts
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Sum of the carrying amounts as of the balance sheet date of deferred costs capitalized at the end of the reporting period that are expected to be charged against earnings within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 71

-Paragraph 9

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.8)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_DeferredCostsCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6935-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 3

-Section A

-Paragraph 7, 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 13

-Section A

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 13.A.4(a).Q1)

-URI http://asc.fasb.org/extlink&oid=6600647&loc=d3e214044-122780

+ Details
Name: us-gaap_DeferredRevenueCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 13.A.4(a).Q1)

-URI http://asc.fasb.org/extlink&oid=6600647&loc=d3e214044-122780

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6935-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 3

-Section A

-Paragraph 7, 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 13

-Section A

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 48

-Paragraph 6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details
Name: us-gaap_DeferredRevenueNoncurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward is presented as a reduction of the related deferred tax asset.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31928-109318

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 41, 42, 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31958-109318

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31917-109318

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31931-109318

+ Details
Name: us-gaap_DeferredTaxAssetsNetCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
The noncurrent portion as of the balance sheet date of the aggregate carrying amount of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after the valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31928-109318

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 41, 42, 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31958-109318

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31917-109318

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31931-109318

+ Details
Name: us-gaap_DeferredTaxAssetsNetNoncurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31958-109318

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 41, 42

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31917-109318

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6907571&loc=d3e31931-109318

+ Details
Name: us-gaap_DeferredTaxLiabilitiesNoncurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_EmployeeRelatedLiabilitiesCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-Clause 1

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph l

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 72

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details
Name: us-gaap_Goodwill
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 42, 45

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph ((a)(1),(b))

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274

+ Details
Name: us-gaap_IntangibleAssetsNetExcludingGoodwill
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6935-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 3

-Section A

-Paragraph 7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e7018-107765

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Liabilities

-URI http://asc.fasb.org/extlink&oid=6509677

+ Details
Name: us-gaap_InterestPayableCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19-26)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_Liabilities
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Details
Name: us-gaap_LiabilitiesAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 32

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.32)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 25

+ Details
Name: us-gaap_LiabilitiesAndStockholdersEquity
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 21

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.21)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_LiabilitiesCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19,20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_LongTermDebtCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_LongTermDebtNoncurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 17

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_OtherAssetsNoncurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Carrying amount as of the balance sheet date of unearned revenue or income not otherwise specified in the taxonomy which is expected to be taken into income within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_OtherDeferredCreditsCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 24

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.24)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_OtherLiabilitiesNoncurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 129

-Paragraph 2, 3, 4, 5, 6, 7, 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 02

-Paragraph 29

+ Details
Name: us-gaap_PreferredStockValue
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
The total of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer, and the aggregate carrying amount of current assets, as of the balance sheet date, not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 8

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Section A

-Paragraph 4

-Chapter 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Section 45

-SubTopic 10

-Topic 210

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6676-107765

-Publisher FASB

-Name Accounting Standards Codification

-Paragraph 1

+ Details
Name: us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Carrying amount as of the balance sheet date of payments made in advance for income and other taxes, which will be charged against earnings within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 340

-SubTopic 10

-Section 05

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6386993&loc=d3e5879-108316

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 340

-SubTopic 10

-Section 05

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6386993&loc=d3e5865-108316

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Section A

-Paragraph 4

-Chapter 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (g)(4)

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6676-107765

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Assets

-URI http://asc.fasb.org/extlink&oid=6509628

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6787-107765

+ Details
Name: us-gaap_PrepaidTaxes
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 8

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph a

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 12

-Paragraph 5

-Subparagraph b, c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details
Name: us-gaap_PropertyPlantAndEquipmentNet
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 1

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Audit and Accounting Guide (AAG)

-Number AAG-BRD

-Chapter 4

-Paragraph 80

-Subparagraph Exhibit 4-8, 3

-IssueDate 2006-05-01

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.1)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
X
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.31(a)(3))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

+ Details
Name: us-gaap_RetainedEarningsAccumulatedDeficit
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A3

-Appendix A

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

+ Details
Name: us-gaap_StockholdersEquity
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Details
Name: us-gaap_StockholdersEquityAbstract
Namespace Prefix: us-gaap
Data Type: xbrli:stringItemType
Balance Type: na
Period Type: duration
X
- Definition
The aggregate amount to be paid by the entity upon redemption of the security that is classified as temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 02

-Paragraph 28

-Subparagraph b

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 00-19

-Paragraph 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.27(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details
Name: us-gaap_TemporaryEquityRedemptionValue
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: credit
Period Type: instant
X
- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Technical Bulletin (FTB)

-Number 85-6

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

+ Details
Name: us-gaap_TreasuryStockValue
Namespace Prefix: us-gaap
Data Type: xbrli:monetaryItemType
Balance Type: debit
Period Type: instant
XML 37 FilingSummary.xml IDEA: XBRL DOCUMENT 2.3.0.15 Html 27 134 1 false 7 0 false 3 true false R1.htm 0010 - Statement - CONSOLIDATED STATEMENTS OF INCOME Sheet http://www.intervalleisuregroup.com/role/StatementOfIncome CONSOLIDATED STATEMENTS OF INCOME false false R2.htm 0020 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.intervalleisuregroup.com/role/BalanceSheet CONSOLIDATED BALANCE SHEETS false false R3.htm 0025 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.intervalleisuregroup.com/role/BalanceSheetParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) false false R4.htm 0030 - Statement - CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY Sheet http://www.intervalleisuregroup.com/role/StatementOfStockholdersEquity CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY false false R5.htm 0040 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.intervalleisuregroup.com/role/CashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS false false R6.htm 1010 - Disclosure - ORGANIZATION AND BASIS OF PRESENTATION Sheet http://www.intervalleisuregroup.com/role/DisclosureOrganizationAndBasisOfPresentation ORGANIZATION AND BASIS OF PRESENTATION false false R7.htm 1020 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.intervalleisuregroup.com/role/DisclosureSignificantAccountingPolicies SIGNIFICANT ACCOUNTING POLICIES false false R8.htm 1030 - Disclosure - GOODWILL AND OTHER INTANGIBLE ASSETS Sheet http://www.intervalleisuregroup.com/role/DisclosureGoodwillAndOtherIntangibleAssets GOODWILL AND OTHER INTANGIBLE ASSETS false false R9.htm 1040 - Disclosure - PROPERTY AND EQUIPMENT Sheet http://www.intervalleisuregroup.com/role/DisclosurePropertyAndEquipment PROPERTY AND EQUIPMENT false false R10.htm 1050 - Disclosure - LONG-TERM DEBT Sheet http://www.intervalleisuregroup.com/role/DisclosureLongTermDebt LONG-TERM DEBT false false R11.htm 1060 - Disclosure - FAIR VALUE MEASUREMENTS Sheet http://www.intervalleisuregroup.com/role/DisclosureFairValueMeasurements FAIR VALUE MEASUREMENTS false false R12.htm 1070 - Disclosure - STOCKHOLDERS' EQUITY Sheet http://www.intervalleisuregroup.com/role/DisclosureStockholdersEquity STOCKHOLDERS' EQUITY false false R13.htm 1080 - Disclosure - BENEFIT PLANS Sheet http://www.intervalleisuregroup.com/role/DisclosureBenefitPlans BENEFIT PLANS false false R14.htm 1090 - Disclosure - STOCK-BASED COMPENSATION Sheet http://www.intervalleisuregroup.com/role/DisclosureStockBasedCompensation STOCK-BASED COMPENSATION false false R15.htm 1100 - Disclosure - INCOME TAXES Sheet http://www.intervalleisuregroup.com/role/DisclosureIncomeTaxes INCOME TAXES false false R16.htm 1110 - Disclosure - SEGMENT INFORMATION Sheet http://www.intervalleisuregroup.com/role/DisclosureSegmentInformation SEGMENT INFORMATION false false R17.htm 1120 - Disclosure - COMPREHENSIVE INCOME Sheet http://www.intervalleisuregroup.com/role/DisclosureComprehensiveIncome COMPREHENSIVE INCOME false false R18.htm 1130 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.intervalleisuregroup.com/role/DisclosureCommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES false false R19.htm 1140 - Disclosure - SUPPLEMENTAL GUARANTOR INFORMATION Sheet http://www.intervalleisuregroup.com/role/DisclosureSupplementalGuarantorInformation SUPPLEMENTAL GUARANTOR INFORMATION false false R20.htm 9999 - Document - Document and Entity Information Sheet http://www.intervalleisuregroup.com/role/DocumentAndEntityInformation Document and Entity Information false false All Reports Book All Reports Process Flow-Through: 0010 - Statement - CONSOLIDATED STATEMENTS OF INCOME Process Flow-Through: 0020 - Statement - CONSOLIDATED BALANCE SHEETS Process Flow-Through: Removing column 'Sep. 30, 2010' Process Flow-Through: Removing column 'Dec. 31, 2009' Process Flow-Through: 0025 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Process Flow-Through: 0040 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS iilg-20110930.xml iilg-20110930.xsd iilg-20110930_cal.xml iilg-20110930_def.xml iilg-20110930_lab.xml iilg-20110930_pre.xml true true EXCEL 38 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\X,6%B.#`R85\W8S-F7S0T-65?.3@V95]D,6,Y M8C'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I. M86UE/@T*("`@(#QX.E=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-43T-+2$],1$524U]%455)5%D\+W@Z3F%M93X-"B`@ M("`\>#I7;W)K#I%>&-E;%=O#I7;W)K#I7;W)K#I%>&-E;%=O#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-54%!,14U%3E1!3%]'54%204Y43U)?24Y&3U)- M03PO>#I.86UE/@T*("`@(#QX.E=O#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I!8W1I=F53:&5E M=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF M72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U M;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T M7S@Q86(X,#)A7S=C,V9?-#0U95\Y.#9E7V0Q8SEB-SDR-S,R8PT*0V]N=&5N M="U,;V-A=&EO;CH@9FEL93HO+R]#.B\X,6%B.#`R85\W8S-F7S0T-65?.3@V M95]D,6,Y8C'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$&5S(&%N9"!N;VYC;VYT'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA&5S M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+#2!A;F0@97%U:7!M96YT+"!N M970\+W1D/@T*("`@("`@("`\=&0@8VQA&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XX,BPX,C,\ M'0^)FYB'0^)FYBF5D(#,P,"PP,#`L,#`P('-H87)E3PO=&0^#0H@("`@("`@(#QT9"!C;&%S2!S=&]C:R`M(#$L-37!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAAF5D M('-H87)E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&-E<'0@4VAA2!3=&]C:SQB'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$&5R8VES92!O9B!S=&]C:R!O<'1I;VYS M("AI;B!S:&%R97,I/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\ M&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@S+#4Q,2D\ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA2!O<&5R871I;F<@ M86-T:79I=&EEF%T:6]N(&5X<&5NF%T:6]N(&]F(&1E8G0@:7-S=6%N8V4@8V]S=',\+W1D/@T*("`@ M("`@("`\=&0@8VQA'!E;G-E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,"PP M,#8\&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+#,W-#QS<&%N M/CPO&-E'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'!E;G-E&5S('!A>6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$&5R8VES92!O9B!S=&]C:R!O<'1I;VYS/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$;G5M<#XT-38\&5S/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$;G5M/B@S+#0W,BD\&-H86YG92!R871E(&-H86YG M97,@;VX@8V%S:"!A;F0@8V%S:"!E<75I=F%L96YT'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'1A8FQE('-T>6QE/3-$)V9O;G0M3HG5&EM97,@3F5W(%)O;6%N)RQT:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE2!/=F5R=FEE=R`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`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`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`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9 M.B!T:6UE&5S M("AC=7)R96YT*3PO9F]N=#X\+W`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`Q,'!T.R!415A4 M+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE&5S("AN;VXM8W5R6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D M/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@ M=F%L:6=N/3-$=&]P(&)G8V]L;W(],T1W:&ET93X-"CQT9"!S='EL93TS1"=& M3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;3X-"CQP('-T>6QE M/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B@R+#`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`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`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`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`Q,'!T M.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE3PO9F]N M=#X\+W`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`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`P,#`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`^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G M('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^ M/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG M;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X- M"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O M='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/C(W-RPU.#`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`N-C@\+V9O;G0^/"]T M9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS M1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O M;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X-"CQT9"!S='EL M93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG M;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/B@P+C`Q/"]F;VYT/CPO=&0^#0H\ M=&0@6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@=F%L:6=N/3-$ M=&]P(&)G8V]L;W(],T1W:&ET93X-"CQT9"!S='EL93TS1"=&3TY4+49!34E, M63H@=&EM97,G('9A;&EG;CTS1&)O='1O;3X-"CQP('-T>6QE/3-$)TU!4D=) M3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/C`N-C<\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O M;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X-"CQT9"!S='EL M93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;3X\9F]N M="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=& M3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I M9VAT/CQF;VYT('-I>F4],T0R/B@P+C`Q/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R M/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R M/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^/"]T86)L93X\+V1I=CX-"CPA+2T@ M96YD(&]F('5S97(M6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE"!O9B`F;F)S<#LD M,BXQ)FYB&EM871E;'D@)FYB29N8G-P.S$L(#(P,#DN($EN(&%C8V]R9&%N8V4@=VET:"!!4T,F;F)S M<#LW-#`L("));F-O;64@5&%X97,B("@B05-#)FYBF4],T0R/CQB/E-E87-O;F%L M:71Y(#PO8CX\+V9O;G0^/"]P/@T*/'`@F4@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X,6%B.#`R M85\W8S-F7S0T-65?.3@V95]D,6,Y8C'0O:'1M;#L@8VAA6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/CQB/D%C8V]U M;G1I;F<@17-T:6UA=&5S/"]B/CPO9F]N=#X\+W`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM M97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q M/CQB/C(P,3$@/"]B/CPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\ M+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T M('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O M;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/C(P,3`@/"]B/CPO9F]N=#X\ M+W1H/@T*/'1H('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`Q M,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/C4W+#,P,CPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)TU!4D=) M3BU,1494.B`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`P M,#`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`P,#`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`R(&%S M(&]F($IU;'DF;F)S<#LQ+"`R,#$Q(&1I9"!N;W0@:&%V92!A(&UA=&5R:6%L M(&EM<&%C="!O;B!O=7(@8V]NF4],T0R/B9N8G-P.R9N8G-P.R9N M8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.TEN($1E8V5M8F5R M)FYB'!A;F1S('1H92!S=7!P;&5M96YT86P@<')O(&9O2!F;W(@ M8G5S:6YE2!A9&]P M=&EO;B!P97)M:71T960N(%=E(&%D;W!T960@=&AI29N8G-P.S$L(#(P,3$@9&ED(&YO M="!H879E(&$@;6%T97)I86P@:6UP86-T(&]N(&]U6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE2`R,#$P+"!T:&4@1D%30B!I2!O9B!&:6YA;F-I;F<@4F5C96EV86)L97,@86YD('1H92!!;&QO=V%N8V4@ M9F]R($-R961I="!,;W-S97,B("@B05-5)FYB2!O9B!F:6YA;F-I;F<@29N8G-P.S$L(#(P,3$@9&ED M(&YO="!H879E(&$@;6%T97)I86P@:6UP86-T(&]N(&]U6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE2`R,#$P+"!T:&4@1D%30B!I29N8G-P.S$L(#(P M,3$L('=E(&%D;W!T960@=&AE(')E<75I29N8G-P.S$L(#(P,3$@9&ED(&YO="!H879E M(&$@;6%T97)I86P@:6UP86-T(&]N(&]UFEN9R!R979E;G5E(&EN(&UU;'1I<&QE M(&5L96UE;G0@87)R86YG96UE;G1S(&%N9"!E>'!A;F1S('1H92!D:7-C;&]S M=7)E(')E<75I29N8G-P.S$L M(#(P,3$@9&ED(&YO="!H879E(&$@;6%T97)I86P@:6UP86-T(&]N(&]U7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAAF4],T0R/CQB/DY/5$4@ M,R8C,34Q.T=/3T1724Q,($%.1"!/5$A%4B!)3E1!3D=)0DQ%($%34T544R`\ M+V(^/"]F;VYT/CPO<#X-"CQP('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4] M,T0R/B9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P M.R9N8G-P.U!U2!A&-E961S(&ET&-EF4],T0R/B9N8G-P.R9N8G-P.R9N8G-P.R9N M8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.T%S(&]F($]C=&]B97(F;F)S M<#LQ+"`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`Q,'!T M.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4] M,T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)TU! M4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)V9O;G0M6QE M/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q M/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(",P,#`P,#`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`P,#`@,7!T('-O;&ED.R!&3TY4 M+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT M(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)TU!4D=)3BU,1494 M.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/BD\+V9O M;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A M;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/B9N M8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@ M=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I M>F4],T0R/C8X+#`P-CPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R M/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O M=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE M/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49! M34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT M('-I>F4],T0Q/CQB/D%C8W5M=6QA=&5D($%M;W)T:7IA=&EO;B`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`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`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`P,#`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`P,#`@,BXR-7!T(&1O M=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N M8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P M.T%M;W)T:7IA=&EO;B!O9B!I;G1A;F=I8FQE(&%S2!O;B!A('-T'!E;G-E(&9O2P@86YD("9N8G-P.R0R M,"XT)FYB2X@0F%S960@;VX@1&5C96UB M97(F;F)S<#LS,2P@,C`Q,"!B86QA;F-E65A6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0Q M/CQB/EEE87)S($5N9&EN9R!$96-E;6)EF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494 M.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O M;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/C(W+#$X-#PO9F]N=#X\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO M='(^#0H\='(@=F%L:6=N/3-$=&]P(&)G8V]L;W(],T1W:&ET93X-"CQT9"!S M='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;3X- M"CQP('-T>6QE/3-$)TU!4D=)3BU,1494.B`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`P M,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O M='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\ M=&0@6QE/3-$)TU!4D=)3BU,1494.B`Q M,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)V9O;G0M M6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S M<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\X,6%B.#`R85\W8S-F7S0T-65?.3@V95]D M,6,Y8C'0O:'1M;#L@8VAA6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/D-O;7!U=&5R(&5Q M=6EP;65N=#PO9F]N=#X\+W`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`Q,'!T.R!415A4+4E.1$5. M5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4],T0R M/DQEF%T M:6]N/"]F;VYT/CPO<#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/BD\+V9O;G0^ M/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG M;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X- M"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O M='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/B@V-RPW.#$\+V9O M;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A M;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,CXI/"]F;VYT/CPO=&0^/"]T MF4Z(#$N-7!T.R<@=F%L:6=N/3-$ M=&]P/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0P/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE2!A;F0@97%U:7!M96YT+"!N970\+V9O;G0^/"]P/CPO=&0^#0H\=&0@ MF4],T0R/B9N8G-P.R0\+V9O M;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A M;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/C4P M+#DP,#PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/CPO='(^#0H\='(@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1% M4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM M97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q M/CQB/E-E<'1E;6)E3PO9F]N=#X\+W`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`@6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO M='(^#0H\='(@=F%L:6=N/3-$8F]T=&]M(&)G8V]L;W(],T0C0T-%149&/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/E)E M=F]L=FEN9R!CF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B8C,34Q.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4Z(#$N-7!T.R<@=F%L M:6=N/3-$=&]P/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!4 M15A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1% M4BU"3U143TTZ(",P,#`P,#`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`L('=E('!A:60@)FYB6UE;G0@;V8@=&AE($UA M6UE;G1S+B!!;GD@<')I;F-I<&%L(&%M;W5N=',@;W5TF4],T0R/B9N8G-P M.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.U=E M(&AA=F4@82!L971T97(@;V8@8W)E9&ET('-U8FQI;6ET(&%S('!A2!T:&4@8W5M=6QA=&EV92!A;6]U;G0@;V8@86YY(&]U='-T M86YD:6YG(&QE='1E2!A="!397!T96UB97(F;F)S<#LS,"P@,C`Q,2X@5&AE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE&ES=&EN9R!A;F0@9G5T=7)E(&1I6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M2!T;R!I;F-U&5S+"!$97!R M96-I871I;VX@86YD($%M;W)T:7IA=&EO;B`H(D5"251$02(I+"!A29N8G-P.S$L(#(P,3`@=&AR;W5G:"!$96-E;6)E2!T:&4@&-E961S(#,N-2P@=V4@;75S="!P&-E&-E961S(#(N.#4@8G5T M(&ES(&QEF4],T0R/B9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N M8G-P.R9N8G-P.R9N8G-P.T%S(&]F(%-E<'1E;6)EF%T:6]N+"!R97-P96-T:79E;'DL('=H:6-H('=AF5D('1O("));G1E'!E;G-E M(B!T:')O=6=H(&UA='5R:71Y(&]F('1H92!R96QA=&5D(&1E8G0@=7-I;F<@ M=&AE(&5F9F5C=&EV92!I;G1E'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G M(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB M/D9A:7(\8G(@+SX-"E9A;'5E(#PO8CX\+V9O;G0^/"]T:#X-"CQT:"!S='EL M93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0Q/B9N8G-P M.SPO9F]N=#X\+W1H/CPO='(^#0H\='(@=F%L:6=N/3-$8F]T=&]M/@T*/'1H M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\8G(@+SX\+W1H/@T*/'1H('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU, M1494.B`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`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`L,3(U/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/BD\+V9O;G0^/"]T9#X\+W1R M/@T*/'1R('9A;&EG;CTS1'1O<"!B9V-O;&]R/3-$(T-#145&1CX-"CQT9"!S M='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;3X- M"CQP('-T>6QE/3-$)TU!4D=)3BU,1494.B`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`@("`\ M=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'1A8FQE('-T>6QE/3-$)V9O;G0M3HG5&EM97,@3F5W(%)O;6%N)RQT:6UE2!S=&]C:RX@/"]F M;VYT/CPO<#X-"CQP('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE2!T;R!I M&5R8VES86)L92X@56YD M97(@=&AE(')I9VAT&5R M8VES86)L92!I9B!A('!E2!, M:6)EF4] M,T0R/CQB/E-H87)E(%)E<'5R8VAA2!S:&%R97,@8V%R2!T:6UE M('=I=&AO=70@;F]T:6-E+B`\+V9O;G0^/"]P/@T*/'`@2!F;W(@9G5T=7)E(')E<'5R8VAA M3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X,6%B.#`R85\W M8S-F7S0T-65?.3@V95]D,6,Y8C'0O:'1M;#L@8VAA6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE2!)3$2!C;VYT&EM=6T@8V]N=')I8G5T:6]N(&]F(#,E(&]F(&$@<&%R M=&EC:7!A;G0G&EM871E;'D@)FYBF4],T0R/B9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P M.R9N8G-P.R9N8G-P.T5F9F5C=&EV92!!=6=U65E M(&1I2!C:&]O'0O:F%V87-C3X- M"B`@("`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`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`P)2(@ M+2T^/"]F;VYT/CPO<#X-"CPA+2T@57-E6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE M/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49! M34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0U/CQF;VYT M('-I>F4],T0Q/CQB/E1HF4],T0Q/B9N8G-P M.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$ M8V5N=&5R(&-O;'-P86X],T0U/CQF;VYT('-I>F4],T0Q/CQB/DYI;F4@36]N M=&AS/&)R("\^#0I%;F1E9#QB6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0Q/B9N M8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N M/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/C(P,3`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`P,#`@,7!T('-O;&ED.R!&3TY4 M+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT M(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`@,BXR-7!T(&1O=6)L93L@ M1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R M:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S M<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\ M+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`Q,'!T.R!415A4 M+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C0S,3PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS M1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^ M#0H\=&0@6QE/3-$)TU!4D=)3BU,1494 M.B`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`P,#`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`R85\W8S-F7S0T-65?.3@V95]D,6,Y8C'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`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`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`Q,BX@061D:71I;VYA;&QY+"!)3$<@ M65A'1E;F1E9"!T;R`R,#$S(&%N9"`R,#$T+"!R97-P96-T:79E;'DN(#PO M9F]N=#X\+W`^#0H\<"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF M;VYT('-I>F4],T0R/B9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N8G-P.R9N M8G-P.R9N8G-P.R9N8G-P.T1U"!R871E('1O(#(V)2P@969F96-T:79E($%P2!I;7!A8W1S M(&EN8V]M92!T87@@97AP96YS92!A2!I;7!A8W0@;W5R M(&5F9F5C=&EV92!T87@@6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\X,6%B.#`R85\W8S-F7S0T-65?.3@V95]D,6,Y8C'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE2!T:')O=6=H('9A6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$ M)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E, M63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0U/CQF;VYT('-I M>F4],T0Q/CQB/DYI;F4@36]N=&AS/&)R("\^#0I%;F1E9"!397!T96UB97(F M;F)S<#LS,"P\+V(^/"]F;VYT/CPO=&@^#0H\=&@@F4],T0Q/B9N M8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N M/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/C(P,3$@ M/"]B/CPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H M('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!& M3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X],T0R M/CQF;VYT('-I>F4],T0Q/CQB/C(P,3`@/"]B/CPO9F]N=#X\+W1H/@T*/'1H M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/CQB/DUE;6)E6QE M/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P M.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM M97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4] M,T0R/C@V+#(R,CPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@ M+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/C$Y+#4V-3PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C4Y+#`Y.3PO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\ M+W1D/CPO='(^#0H\='(@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`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`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/CDL,C@V/"]F;VYT/CPO=&0^#0H\=&0@ M6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!& M3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I M9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!4 M15A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=& M3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I M9VAT/CQF;VYT('-I>F4],T0R/C6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI M9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E. M1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4],T0P/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.R0\ M+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G M('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R M/C8L,#F4],T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS M1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS M1')I9VAT/CQF;VYT('-I>F4],T0R/C$V+#,X.3PO9F]N=#X\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@ M=F%L:6=N/3-$=&]P(&)G8V]L;W(],T1W:&ET93X-"CQT9"!S='EL93TS1"=& M3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0P/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C$R+#`P-SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C,Q+#$V-SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\ M='(@6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T M('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A M;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)TU!4D=)3BU,1494 M.B`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G M('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N M8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)TU!4D=)3BU, M1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C,L.#(Y/"]F;VYT/CPO=&0^#0H\=&0@ MF4],T0R/CDL-S6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/E-E;&QI;F<@86YD(&UA'!E;G-E/"]F M;VYT/CPO<#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D M/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C(L-C,U/"]F;VYT/CPO=&0^#0H\=&0@ M6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@=F%L:6=N M/3-$=&]P(&)G8V]L;W(],T0C0T-%149&/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R/D=E;F5R86P@86YD(&%D;6EN:7-T6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO M='(^#0H\='(@=F%L:6=N/3-$=&]P(&)G8V]L;W(],T1W:&ET93X-"CQT9"!S M='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0P/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/C$L-#$P/"]F;VYT/CPO=&0^#0H\=&0@F4],T0R M/C,L.34T/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E. M1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C(Q.#PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R M/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)V9O;G0M6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS M1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^ M#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1% M4BU"3U143TTZ(",P,#`P,#`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`W,CPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/BD\+V9O;G0^ M/"]T9#X\+W1R/@T*/'1R('-T>6QE/3-$)V9O;G0M6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI M9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@ M1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R M:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/CQB/D-O;G-O;&ED871E9#PO8CX\+V9O;G0^/"]P/CPO M=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/E)E=F5N=64\+V9O;G0^/"]P/CPO=&0^#0H\=&0@6QE/3-$)TU!4D=)3BU,1494.B`Q M,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C,T+#6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)V9O M;G0M6QE/3-$ M)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E, M63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P M86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED M.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS M1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[ M($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C(R,2PV.#8\+V9O M;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A M;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T M9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS M1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S<#L\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O M;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4],T0R/C(Q.2PP-3`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`P,#`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`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U) M3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS M<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\8G(@ M+SX\+W1H/@T*/'1H('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO M9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P M,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$8V5N M=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/C(P,3`@/"]B/CPO M9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/CPO='(^#0H\='(@ M=F%L:6=N/3-$=&]P(&)G8V]L;W(],T0C0T-%149&/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/E5N:71E9"!3=&%T97,\+V9O;G0^/"]P M/CPO=&0^#0H\=&0@F4],T0R M/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E, M63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT M('-I>F4],T0R/C@U+#`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`P,#`@,7!T('-O M;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG M;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS M1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^ M#0H\=&0@6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P M<'0[($9/3E0M1D%-24Q9.B!T:6UEF4Z(#$N M-7!T.R<@=F%L:6=N/3-$=&]P/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U) M3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS M<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU! M4D=)3BU,1494.B`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG M;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO M=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE M/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C4P+#DP,#PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4Z(#$N-7!T.R<@=F%L M:6=N/3-$=&]P/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S M)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF M;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X,6%B.#`R85\W8S-F7S0T-65?.3@V M95]D,6,Y8C'0O:'1M;#L@8VAA MF4],T0R/CQB/DY/5$4@,3(F(S$U,3M#3TU04D5(14Y3259%($E. M0T]-13PO8CX\+V9O;G0^/"]P/@T*/'`@6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/B9N8G-P.SPO9F]N=#X\8G(@+SX\+W1H/@T*/'1H('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0Q M/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L M:6=N/3-$8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/C(P M,3`@/"]B/CPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/CPO M='(^#0H\='(@=F%L:6=N/3-$=&]P(&)G8V]L;W(],T0C0T-%149&/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/D9O6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/BD\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E, M63H@=&EM97,G('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,CXF;F)S M<#L\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM M97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT/CQF;VYT('-I>F4] M,T0R/C$L-#8X/"]F;VYT/CPO=&0^#0H\=&0@F4Z M(#$N-7!T.R<@=F%L:6=N/3-$=&]P/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(",P,#`P,#`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`P,#`@ M,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B M;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U& M04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C M;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE2!T2!T:&4@86-C M=6UU;&%T960@;W1H97(@8V]M<')E:&5N2!R96EN=F5S=&5D M(&EN('1H870@:G5R:7-D:6-T:6]N+B`\+V9O;G0^/"]P/CPO=&0^/"]T3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\X,6%B.#`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`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`P,#`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`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG M;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO M=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@ M=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X] M,T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0P/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4] M,T0R/E1O=&%L(&%SF4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C(U,BPY-C`\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0R M/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/C$L,C`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`P,#`@,BXR-7!T(&1O M=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU" M3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I M;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$ M,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$ M)TU!4D=)3BU,1494.B`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`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`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`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`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG M;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO M=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`@,BXR-7!T(&1O=6)L M93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX] M,T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(",P,#`P,#`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`P,#`@,7!T('-O;&ED)SX\9F]N="!S:7IE/3-$,3X\ M8CY"86QA;F-E)FYB6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`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`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`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E, M63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P M86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`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`P,#`@,BXR M-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U) M3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS M<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.R0\+V9O;G0^ M/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G(&%L:6=N M/3-$6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N M8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@ M=&EM97,G(&%L:6=N/3-$6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4 M+49!34E,63H@=&EM97,G(&%L:6=N/3-$6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C$W.2PQ,3@\+V9O;G0^/"]T9#X-"CQT9"!S='EL M93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@=F%L:6=N/3-$8F]T=&]M(&)G8V]L M;W(],T1W:&ET93X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G M(&-O;'-P86X],T0R/@T*/'`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`^/"]T9#X- M"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4] M,T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/B@T+#(P-CPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C4V,2PP.34\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4 M+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0R/B9N8G-P.SPO9F]N=#X\ M+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R M/B@U-C`L,3(P/"]F;VYT/CPO=&0^#0H\=&0@F4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B8C,34Q.SPO9F]N=#X\+W1D M/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E, M63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P M86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`Y-2PY M-C@\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM M97,G/CQF;VYT('-I>F4],T0R/BD\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS M1"=&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$)V9O;G0M6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR M-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`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`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`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`P M,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O M='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\ M=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU" M3U143TTZ(",P,#`P,#`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`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`P,#`@,7!T('-O;&ED M.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS M1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P M,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O M='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\ M=&0@6QE/3-$)TU!4D=)3BU,1494.B`Q,'!T.R!415A4+4E.1$5. M5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D M('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C$Q+#0S-#PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R M/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/C,L-S`X/"]F;VYT/CPO M=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4] M,T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49! M34E,63H@=&EM97,G(&%L:6=N/3-$6QE/3-$)V9O;G0M6QE M/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D]. M5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H M="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$ M8V5N=&5R(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/DEN=&5R=F%L M/&)R("\^#0I!8W%U:7-I=&EO;CQB6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/B9N8G-P.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49! M34E,63H@=&EM97,G(&%L:6=N/3-$6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D M/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C@Y+#0T-#PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.R0\+V9O;G0^/"]T M9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$ M6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R/C$P,"PT.#@\ M+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G M/CQF;VYT('-I>F4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@ M=F%L:6=N/3-$8F]T=&]M(&)G8V]L;W(],T1W:&ET93X-"CQT9"!S='EL93TS M1"=&3TY4+49!34E,63H@=&EM97,G/@T*/'`@F4],T0R/B9N8G-P.SPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B@X+#,X.#PO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B8C,34Q.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/DEN M=&5R97-T(&EN8V]M92`H97AP96YS92DL(&YE=#PO9F]N=#X\+W`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`\+V9O;G0^/"]T9#X-"CQT9"!S M='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0R/BD\ M+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G M/CQF;VYT('-I>F4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/DEN8V]M92!T87@@8F5N969I="`H<')O=FES M:6]N*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E, M63H@=&EM97,G/CQF;VYT('-I>F4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C(U-CPO M9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M M1D%-24Q9.B!T:6UEF4],T0R/B@Q,2PQ,#<\+V9O;G0^/"]T9#X-"CQT M9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0R M/BD\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM M97,G/CQF;VYT('-I>F4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/BD\+V9O;G0^/"]T9#X\+W1R/@T*/'1R('-T>6QE/3-$ M)V9O;G0M6QE/3-$)T)/4D1%4BU" M3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G M('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N M8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE M/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49! M34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O M;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/CDL-S`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@ M=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X] M,T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`\+V9O;G0^/"]T9#X- M"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/CQF;VYT('-I>F4] M,T0R/BD\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@ M=&EM97,G(&%L:6=N/3-$6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4Z(#$N-7!T.R<@=F%L:6=N/3-$=&]P/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U) M3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS M<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`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`Q,'!T.R!415A4 M+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B@R,#4L-#`V M/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UEF4],T0R/B8C,34Q.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/BD\+V9O;G0^/"]T M9#X\+W1R/@T*/'1R('9A;&EG;CTS1&)O='1O;2!B9V-O;&]R/3-$(T-#145& M1CX-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G/@T*/'`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`H<')O M=FES:6]N*3PO9F]N=#X\+W`^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49! M34E,63H@=&EM97,G/CQF;VYT('-I>F4],T0R/B9N8G-P.SPO9F]N=#X\+W1D M/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C@T M,SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4 M+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT M(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T M('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A M;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)TU!4D=)3BU,1494.B`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS M1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^ M#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1% M4BU"3U143TTZ(",P,#`P,#`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`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S M<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`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`Q,'!T.R!415A4+4E.1$5.5#H@+3$P M<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B@Q.#4L.#4V/"]F;VYT/CPO=&0^ M#0H\=&0@6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/B8C,34Q.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/BD\+V9O;G0^/"]T9#X\+W1R/@T*/'1R M('9A;&EG;CTS1&)O='1O;2!B9V-O;&]R/3-$(T-#145&1CX-"CQT9"!S='EL M93TS1"=&3TY4+49!34E,63H@=&EM97,G/@T*/'`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`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`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM M97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R M/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG M;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO M=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/ M4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@ M=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X] M,T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)TU!4D=)3BU,1494 M.B`Q,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/C,V+#`R-3PO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P M.R0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM M97,G(&%L:6=N/3-$6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T M>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0R/C4L.#,Q/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C,V+#`R-3PO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4Z(#$N M-7!T.R<@=F%L:6=N/3-$=&]P/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9 M.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S M<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,BXR-7!T(&1O=6)L M93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX] M,T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P M.SQB6QE/3-$)U!!1$1)3DF4],T0R/CPA+2T@0T]-34%.1#U! M1$1?5$%"3$5724142"PB,3(P)2(@+2T^/"]F;VYT/CPO<#X-"CPA+2T@57-E M6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4] M,T0Q/CQB/E-T871E;65N="9N8G-P.V]F)FYB6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B@R+#,R M,3PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE M6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B@Q M-"PP-S(\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@ M=&EM97,G/CQF;VYT('-I>F4],T0R/BD\+V9O;G0^/"]T9#X-"CQT9"!S='EL M93TS1"=&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/C@L-C(X/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P M.SPO9F]N=#X\+W1D/CPO='(^#0H\='(@=F%L:6=N/3-$8F]T=&]M(&)G8V]L M;W(],T1W:&ET93X-"CQT9"!S='EL93TS1"=&3TY4+49!34E,63H@=&EM97,G M/@T*/'`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`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`@F4],T0R/B9N M8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$ M)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B8C,34Q.SPO9F]N=#X\+W1D M/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)V9O;G0M6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O M;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A;&EG;CTS1&)O='1O;2!A;&EG M;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T)/4D1%4BU"3U143TTZ(",P M,#`P,#`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`P,#`@ M,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ('1I;65S)R!V86QI9VX],T1B M;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N/3-$,CXF;F)S<#L\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU"3U143TTZ M(#!P=#L@5TE$5$@Z(#$S,G!T.R!"3U)$15(M0D]45$]-.B`C,#`P,#`P(#%P M="!S;VQI9"<^/&9O;G0@F4],T0Q/B9N8G-P.SPO9F]N M=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@ M,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R M(&-O;'-P86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/DE,1R`\+V(^/"]F;VYT M/CPO=&@^#0H\=&@@F4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H/@T* M/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O;&ED M.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P86X] M,T0R/CQF;VYT('-I>F4],T0Q/CQB/D=U87)A;G1OF4],T0Q/B9N8G-P.SPO9F]N=#X\+W1H M/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ(",P,#`P,#`@,7!T('-O M;&ED.R!&3TY4+49!34E,63H@=&EM97,G(&%L:6=N/3-$8V5N=&5R(&-O;'-P M86X],T0R/CQF;VYT('-I>F4],T0Q/CQB/DYO;BT\8G(@+SX-"D=U87)A;G1O MF4],T0Q/B9N M8G-P.SPO9F]N=#X\+W1H/@T*/'1H('-T>6QE/3-$)T)/4D1%4BU"3U143TTZ M(",P,#`P,#`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`U,#PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%- M24Q9.B!T:6UE6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/CF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)TU!4D=)3BU,1494.B`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`Q M,'!T.R!415A4+4E.1$5.5#H@+3$P<'0[($9/3E0M1D%-24Q9.B!T:6UE6QE M/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/ M3E0M1D%-24Q9.B!T:6UEF4],T0R/B9N8G-P.SPO9F]N=#X\+W1D/@T* M/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UEF4],T0R/CDR+#(V M-3PO9F]N=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE MF4],T0R/B9N8G-P.SPO9F]N M=#X\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$)V9O M;G0M6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(",P,#`P,#`@,7!T('-O;&ED.R!&3TY4+49!34E,63H@=&EM97,G('9A M;&EG;CTS1&)O='1O;2!A;&EG;CTS1')I9VAT(&-O;'-P86X],T0R/B9N8G-P M.SPO=&0^#0H\=&0@6QE/3-$)T9/3E0M1D%-24Q9.B!T:6UE6QE/3-$ M)T)/4D1%4BU"3U143TTZ(",P,#`P,#`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`P,#`@,BXR-7!T(&1O=6)L93L@1D].5"U&04U)3%DZ M('1I;65S)R!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H="!C;VQS<&%N M/3-$,CXF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)T9/3E0M1D%-24Q9.B!T M:6UE7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^26YT97)V86P@3&5I'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M2!&:6QE3PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^06-C96QE2!#;VUM;VX@4W1O8VLL(%-H87)E'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X,6%B.#`R85\W8S-F7S0T-65? M.3@V95]D,6,Y8C'0O:'1M;#L@ M8VAA&UL;G,Z;STS1")U

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2011	Nov. 01, 2011
Document and Entity Information
Entity Registrant Name	Interval Leisure Group, Inc.
Entity Central Index Key	0001434620
Document Type	10-Q
Document Period End Date	Sep. 30, 2011
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		56,013,887
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 190,952	$ 180,502
Restricted cash and cash equivalents	3,108	4,118
Accounts receivable, net of allowance of $358 and $213, respectively	28,665	24,420
Deferred income taxes	17,875	19,865
Deferred membership costs	12,549	11,775
Prepaid income taxes	1,739	8,539
Prepaid expenses and other current assets	23,358	23,527
Total current assets	278,246	272,746
Property and equipment, net	50,778	50,900
Goodwill	488,027	488,027
Intangible assets, net	105,622	120,470
Deferred membership costs	13,978	16,108
Deferred income taxes	5,850	5,767
Other non-current assets	35,173	24,366
TOTAL ASSETS	977,674	978,384
LIABILITIES:
Accounts payable, trade	10,073	11,302
Deferred revenue	97,457	94,651
Interest payable	2,619	9,745
Accrued compensation and benefits	11,527	14,941
Member deposits	9,324	9,692
Accrued expenses and other current liabilities	44,403	38,787
Current portion of long-term debt	0
Total current liabilities	175,403	179,118
Long-term debt, net of current portion	344,436	357,576
Other long-term liabilities	11,691	11,697
Deferred revenue	123,156	124,928
Deferred income taxes	82,823	83,434
Total liabilities	737,509	756,753
Redeemable noncontrolling interest	420	419
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Preferred stock - authorized 25,000,000 shares, of which 100,000 shares are designated Series A Junior Participating Preferred Stock; $0.01 par value; none issued and outstanding
Common stock - authorized 300,000,000 shares; $0.01 par value; issued 57,710,379 and 57,099,615 shares, respectively	577	571
Treasury stock - 1,570,687 shares at cost	(19,258)
Additional paid-in capital	170,746	164,162
Retained earnings	100,691	68,560
Accumulated other comprehensive loss	(13,011)	(12,081)
Total stockholders' equity	239,745	221,212
TOTAL LIABILITIES AND EQUITY	$ 977,674	$ 978,384